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Permanent Innovation Seminar by Langdon Morris

I attended a seminar by Langdon Morris in Taiwan this September. Langdon Morris’ work involves developing “innovation, strategy, and collaboration methodologies to solve problems with very high levels of creativity and innovation.” He is also an author of several books, the recent one being “Permanent Innovation.”

The presentation talks about creating a work culture of permanent innovation, which is a bit of an oxymoron if you ask me, since the word ‘innovation’ is regularly used within the context of change. But Morris argues that it is, in fact, possible to have continuous innovation within any company. It just takes a lot of work and requires a few elements to exist first. The details though, Morris points to his book.

Nonetheless, here are a few notes I had written during the seminar:

1) Innovation is a company’s only sustainable competitive advantage.

1a) Failure is very costly and it doesn’t always produce results that translate into profit for companies

2) Starbucks is a good example of a brand that can sustain selling high-cost products because they provide something extra to your drinks: A unique cafe experience, and the guarantee that your drink will be perfect the way you want it.

3) There must exist three roles for developing an innovative culture:

- creative genius (sees what others do not see)

- innovation leader (sees the future and engages society in the quest to achieve this)

- innovation champion (holds everyone up, makes everyone successful, can break existing rules)

4) Three types of innovation:

- business model innovation (change the way profit is made)

- incremental innovation (change the product/service)

- internal innovation (organizational reform)

All in all, it was an alright seminar – definitely not the better ones I’ve attended. One major reason was the attitude of the speaker, Langdon Morris. He must have been irritated before coming to his presentation since he was pretty rude to the volunteers of the event, and questioned the reaction of the audience at certain times. I understand that the event could have gone more smoothly, but there is no need to talk to people (the same people helping your event!) the way he did. And whenever you are doing a presentation, never ever question the intelligence of your audience!

It may have been that he’s not accustomed to Taiwan’s culture, but irregardless his attitude affected my perception of his character. Just because you are in a foreign country doesn’t mean you can be rude to others.

Ultimately, I came out of the seminar knowing more about his character than his speech.

Peter Kao

Ontario Enhances Support For Innovative Companies

NEWS

Ontario’s Emerging Technologies Fund is open for business.

The $250-million fund will co-invest – along with qualified venture capital funds and other private investors – directly into companies in high-growth sectors that are aligned with Ontario’s Innovation Agenda:

Clean technology
Life sciences and advanced health technology
Digital media and information and communications technology.
The fund is designed to help innovative technology companies find the capital they need to grow in Ontario. It was announced by the province in March in response to the current economic conditions and the reduction in investment capital available to emerging and high-growth companies.

Guidelines for investment are now available online at: www.ontario.ca/ocgc.

QUOTES

“The Emerging Technologies Fund is one more step the McGuinty government is taking to help ensure that innovative people and companies have access to the capital they need to continue growing their business and creating jobs in Ontario.”
- Minister of Research and Innovation, John Milloy

QUICK FACTS

Ontario’s Emerging Technologies Fund will address a lack of venture capital activity by co-investing with qualified investors directly into high-growth technology companies.
Eligible companies must have a significant corporate footprint in Ontario.
This initiative complements the $205-million Ontario Venture Capital Fund, a partnership between Ontario and leading corporate and institutional investors that is investing in venture capital and growth equity funds that support innovative, high-growth companies.
LEARN MORE

The Ontario Emerging Technologies Fund

Ontario’s Innovation Agenda

Canada’s Venture Capital and Private Equity Association – first quarter venture capital results

The Great Innovation Competition

Hey Canadian students! Do you have a wicked idea that will change the world? Need some startup money to get started?!

Canadian Business is having their annual The Great Innovation Competition. The winner will win:

* Up to $50,000 in engineering and consulting services from Nytric Ltd. towards developing a prototype

* A free feasibility study by Nytric Ltd. valued at $20,000

* Intellectual Property legal services from Bereskin & Parr, valued at $10,000

* Business and financial advisory services from nbp, valued at $10,000

* Invaluable publicity including a profile in an issue of Canadian Business Magazine

All it takes to register is provide details under 1000 characters for the following categories: Innovation, Product Status, Marketing Status, Competitive Analysis.

Entries due by May 1, 2009.

Click here for more details.

Good luck!

- Peter Kao

What I’ve Learned from Guy Kawasaki’s Art of Innovation Presentation

I love Google Video. They have all the documentries in the world there.

Here are some key points that I’ve made from Guy Kawasaki’s Art of Innovation presentation. If you’ve seen his Art of the Start presentation, then these will look awfully familiar to you. In fact, I think he even used the same slides…

1) The DICEE Concept

Deep – does what it should and antipicates what you need. A product that goes above and beyond in solving a need.

Intelligence – pretty obvious. Put some thought into your products/services!

Complete – great products/services also include the support infrastructure around them, such as support, forums, conferences, websites – everything.

Elegance – has to be easy to use without a 50-page manual.

Emotive – Your product/service should polarize people. Either people will love it or absolutely hate it, but the point is nobody will become indifferent to your product or service.

2) Ride the Curve but Don’t Stay on the Same One
Don’t be 10-15% better at what you do, instead be 10-15 times better. This means that innovators should not always build on existing product/services that they are currently offering in order to meet changing demands, but rather to seek out the possibility of the ‘next curve’ and build products for it. 
   
3) Your First Iteration Will Suck, but That’s Okay
Here’s the truth about the tech business: We ship and then we test. Do this to ride the curve before anyone else, or the world will past you by.

4) Tips for Your Pitches – The ’10-20-30 Rule’

10 slides maximum

20 minutes for all the slides

30 is the optimal font size

The rest is for Q&A and other miscellaneous things.

 

You can view the entire video (~50 min. long) here:

Note: Google Video embeds are known to screw up. So if you want to watch the video full-screen, visit the original link: http://video.google.com/videoplay?docid=-3459408090550854446

Peter Kao

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