The start-up community is about innovation and technology, much of which accelerates the process of creative deconstruction – a phrase coined by Joseph Schumpeter whereby “a market economy will incessantly revitalize itself from within by scrapping old and failing businesses and then reallocating resources to newer, more productive ones”. But where is this process leading us in today’s world? Innovation Creates Economic Wealth One way Read More »
We have seen many shifts in how we interact both socially and professionally in this second phase of the world wide web. From entertainment to interaction, much of what we do socially has migrated to the net and easy to access receivers. There are those that argue the pros and cons of this, and both arguments have value. Professionally, the Web 2.0 movement has mainly Read More »
An inventor looking to patent an idea should consider doing a personal patent search before hiring a patent attorney. Patents are granted to novel ideas. If someone else came up with your idea before you did, you might not be able to get a patent. That would be too bad. But it would be worse if you also paid a lot of money only to Read More »
Venture capital is a new form of financing that has come as a boon for young entrepreneurs and it plays a strategic role in financing small scale enterprises and high technology and risky ventures. In all the developed and developing nations it has made its mark by providing equity capital, so, they are more like equity partners rather than financiers and they are benefited through Read More »
Can you predict the future of computing and mobile from observing the behavior of kids? One of the things I have always noted about my own kids, my nieces and my nephews is the overwhelming attachment to hand-held toys – no, I am not talking about cell phones and portable game players. While those doll houses, sit-and-spins, backyard playhouse, push cars, Lego sets, and other Read More »
If you are thinking about starting your own business, consider a “green” franchise. A franchise using green or environmentally sound technology has the same high rate of success that other franchises do and have a market niche that is growing. Green Franchise Concepts Green franchise concepts vary considerably so it is a good idea to look at several to get a feel for what they Read More »
Have you come up with an idea, or an innovative process, or developed a neat little prototype around it? Are you totally excited about it and want to release it in the market and test it out? Hold on a bit, because you need to first protect your intellectual property. It takes years to conceptualize and develop software products. However, once the product attributes are Read More »