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
TED Talks Daily by TED

TED Talks Daily

11,168 Listeners

Motley Fool Money by The Motley Fool

Motley Fool Money

3,222 Listeners

Masters in Business by Bloomberg

Masters in Business

2,172 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,470 Listeners

Pivot by New York Magazine

Pivot

9,503 Listeners

WSJ Tech News Briefing by The Wall Street Journal

WSJ Tech News Briefing

1,637 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,095 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,831 Listeners

Founders by David Senra

Founders

2,109 Listeners

Azeem Azhar's Exponential View by Azeem Azhar

Azeem Azhar's Exponential View

608 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,992 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

237 Listeners

Guy Kawasaki's Remarkable People by Guy Kawasaki

Guy Kawasaki's Remarkable People

647 Listeners

Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

Think Fast Talk Smart: Communication Techniques

809 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

157 Listeners