Killer Innovations with Phil McKinney - A Show About Ideas Creativity And Innovation

Innovation Outside Silicon Valley S13 Ep34


Listen Later

During some recent travels, I started noticing the comments and suggestions that “being part of Silicon Valley must be exciting”. As I paid more attention, it came across as almost hero worship of Silicon Valley and the companies its has launched. It's like people believe that innovation outside Silicon Valley is a rare if not impossible occurrence.
I have to admit that when I first showed up in Silicon Valley in 1984, I was in awe. I felt that I had arrived and proven myself. It took me better than 4 years to open my eyes and see that it wasn't that unique or special. There are some advantages to being there but human creativity and innovations they create are not limited to small piece of land. There is innovation outside of Silicon Valley.
Venture Capital
One unique characteristic to the valley is the access to billions of risk capital that people are willing to invest in new innovations. But risk capital is available in other places also. For example the State of Ohio Venture Fund which is helping new innovative companies stay in the state rather then feeling they need to go to the valley to be successful.
Unexpected Innovations
Innovation can come from anywhere such as the result Hurricane Katrina, a taxi drive in NYC working on new medical innovations and the solution to predictors killing livestock in Africa. While many of these innovations start out as solutions to immediate hyper local issues, they can and do turn into products and services that we all benefit from.
Remember that innovation does not equal technology. There are an unlimited number of ways to apply innovation to what you do.
How To Help
The challenge is how to help innovators who are outside of Silicon Valley to be successful while also impacting their local economy. Here are some ways we can all help:

* By highlighting what others are doing (e.g. social media) to give them some exposure.
* By shows what others are doing, reinforcing that anyone can innovate.
* By showing how to innovate (e.g. joining The Innovators Community), give others the skills to take their idea and turn it into a business.

...more
View all episodesView all episodes
Download on the App Store

Killer Innovations with Phil McKinney - A Show About Ideas Creativity And InnovationBy Phil McKinney

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

74 ratings


More shows like Killer Innovations with Phil McKinney - A Show About Ideas Creativity And Innovation

View all
Entrepreneurial Thought Leaders (ETL) by Stanford eCorner

Entrepreneurial Thought Leaders (ETL)

706 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,867 Listeners

TED Talks Daily by TED

TED Talks Daily

11,193 Listeners

Motley Fool Money by The Motley Fool

Motley Fool Money

3,210 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,140 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,470 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,073 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,879 Listeners

Gartner ThinkCast by Gartner

Gartner ThinkCast

110 Listeners

Worklife with Adam Grant by TED

Worklife with Adam Grant

9,190 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,380 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,301 Listeners

A Bit of Optimism by Simon Sinek

A Bit of Optimism

2,170 Listeners

The Hustle Daily Show by Hubspot Media

The Hustle Daily Show

237 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

161 Listeners