After the Prize
January 26th, 2007 by 
Chris Harris
There has been a lot of talk of prizes as a method of incentivizing innovation. The X-prize gave $10 Million for commercial spaceflight in 2004. David Wessel of the WSJ had an interesting piece on this phenomenon. But what happens after the prize is awarded. While paradigm-changing innovation is rare, and incremental improvements are commonplace, we must focus on developing innovation in addition to creating it. There are many good ways develop innovation and most require an investment of time and money. The efficient use of limited resources can spur further innovation as well as create a well-run lean business. The value added by innovation has been the hallmark of American business history; however, the often unacknowledged partner of innovation has been efficient execution. Learn how Inventure Global provides so you can accelerate growth, increase stability, and rest assured!
Posted in Entrepreneurial, Solutions, Start-up, Venture Capital | 