Tuesday, February 09, 2016
The introductory article to the issue introduces the class of heavy duty ventures we term “Deep Innovation”: those that are enabled by basic research or a scientific breakthrough, and that usually require substantial resources and 5–20 years to materialize as a commercial success – if they do at all.
These innovations often solve big problems that can transform our world, but they are thwarted by a number of obstacles, some financial, other organizational and cultural. This article details the challenges and points out that “…at the end of the day, the solution for enabling Deep Innovation is commitment – more commitment. Commitment from the players. Time commitment. Commitment to high-risk tolerance. Commitment to invest capital…”
Enter here for the full publication.