Innovation

What Can Be Done To Fix Poorly Designed Corporate Incubators?

While the concept of creating corporate incubators is sound, the numerous attempts at implementation have been beset by a number of issues, including lacklustre results. With so many of today's corporate incubators having significant problems creating positive results, what can be done to address these issues?

Does Canada's Tech Future Ride on Rails?

If the Toronto-K-W region is ever to fully reach its potential as a technology supercluster, functioning fluidly as a single, contiguous innovation sector, the ability to move human capital between the two nodes is essential, be it employees, investors or entrepreneurs.
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Canadian Health Care Needs to Make Like the iPhone and Evolve

Incremental innovation has a real positive impact for patients -- it brings to bear the latest scientific thinking to improve safety, tolerability, efficacy and quality of medicines. Would we have ever realized the iPhone 5 if not for the hundreds of versions before it, as far back as the first cell phones in the 1980s? Like medicines and vaccines, each new version demonstrates incremental innovation -- tangible improvements that matter to people.

Be a Changemaker Not a Rockstar

Not enough young people believe they can change the world on a global scale. The problem is a mindset problem, and one I believe is more dire than some might think. Too many young entrepreneurs think they're rock stars by launching another social network, or naming themselves the CEO of the world's 498th messaging app. Honestly, they're probably wasting their time.
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An HIV/AIDS-Free Generation Is Within Reach

Development of an HIV/AIDS vaccine is still a dream for the future. We have a Canadian strategy that's proven that it can act now to decrease transmission and lower the number of new cases -- a strategy that provides a real opportunity to end the HIV pandemic in our lifetime.
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Why Toronto and Waterloo are Hooking Up

Kitchener-Waterloo is already well established as a bastion of innovation. It's already actively adding places where people will want to live, work and play -- the three elements that define a cluster in a place of innovation. Toronto, on the other hand, has yet to truly establish a centralized, cohesive community where technological innovation can flourish.

What is the 'Power of N'?

Over the past number of months, many have asked me what the "power of N" means. The phrase is very simple, yet it has many different layers of meaning and understanding. N is a variable. In mathematic...
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Why Canada Needs More 'Free Range' Kids

Much is being made these days of the need for children to put down the tablets, remotes and other tech devices and get outside and play. Medical experts and media pundits are keying on health issues, such as childhood obesity and diabetes, as the key driver for increased play. And they are correct; but there are other important reasons: future jobs and economic growth.
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How to Think Like an 'Innovator'

Within our team we spend a lot of time talking about the concept of the 'willing innovator'. At a time where practically every industry needs software, it helps us think about the people we want to partner with -- those who align with our culture and view of the world. To us, this isn't necessarily about having been innovative in the past.
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If Other People Think Your Creative Ideas Are Crazy, Ignore Them

One story that Shapiro shared was of the challenges facing Houston Airport, where luggage would be available within eight minutes but passengers were at the luggage carousel within one minute and disgruntled about having to wait. The answer: airport staff created a longer path to collect luggage which took eight minutes, so luggage and passengers arrived at the same time.

Collaboration Key to Addressing Canada's Complex Social Issues

I look forward to a day when there won't be a difference between business and social business, it will just be what we all do. And it is time for organizations to step up and take the necessary risks associated with adopting shared value. Not just because it is the right thing to do, but also because of the economic and competitive advantage we all stand to win.
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What You Didn't Know About Canadian Farms

Rarely, if ever, do we think of farms when we think of small business. But small businesses dot the vast country side as well. While more and more Canadians are living in cities, the farm and agri-food sectors remain economically important. Farms employ 2.1 million people, representing one in every eight Canadian job.

Should Our Debt Be Treated Like Our Productivity Gap?

The financial press in Canada has been identifying our deficient economic productivity for several years now. In 2012, the Financial Post ran a column entitled "Canada's productivity gap is looking worse than ever. There may be opportunities to influence our growing debt problems in the country through programs comparable to those used to stimulate our economy's productivity. If tax credits and other incentive programs can be formulated to help stimulate our productivity gap, are there similar policies that could find ways to help those looking to start their own business, create jobs and directly impact the economy and productivity?
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Want to Be Canada's Most Innovative Business Tycoon?

If you need to build connections from scratch, be fearless. Pick up the phone. Write the letter or email. At conferences and social events, approach people and be approachable. Be clear about your value proposition and needs. Ask how you may help them, and ask for support. What's the worst that can happen? They politely decline.

Innovation and the Future of Retail

The Company of Young Professionals (CYP) is a leadership development program of The Vancouver Board of Trade, which connects emerging young professionals in the Greater Vancouver area. CYP members are...
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Canadian Innovation: We Can't Play it Safe Any Longer

In Canada, we like to play it safe and for the most part, it's paid off. Tight regulations and the centralization of banking powers helped us weather the economic storm of 2008. But we're a different Canada now. Canada's potential is remarkable, we need to believe in that potential and invest in its development before looking elsewhere for inspiration. It's all right here.
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Part 3: The Underestimated Benefits of "Me-Too" Drugs

Marc-André Gagnon, assistant professor at Carleton University, argues in a recent article that more than 80 per cent of new drugs entering the market are merely carbon copies of existing drugs -- commonly called "me-too" or "follow-on" drugs -- without any real therapeutic advance. Such criticisms, however, reveal a complete ignorance of the nature of the innovation process in the pharmaceutical industry.
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The Third Industrial Revolution Is Here - Think Bigger

I'm enthusiastic about the bright future that is ahead if we can continue to foster and encourage governments, business leaders and young students to look beyond the limits to make the impossible, possible. I find myself wondering what it will take to win in this Third Industrial Revolution, and I keep coming back to our youth, these students whose brilliant minds know no limits. Are we doing enough to encourage and inspire them? Are we finding the right venues to foster innovation and commercialization of the best ideas in Canada, or will we retain our role as an exporter of raw goods, rather than an information economy of the future?
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The Next Big Thing in Funding Innovation

While it took a few years after the financial crisis for financial services start-ups to get their business models refined to the point where they can come to market they are here now, and these alternative financial services technology companies are becoming viable and increasingly common sources of financing for entrepreneurs and small businesses.
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Innovation Hub Propells B.C. Social Entrepreneurs

The Innovation Hub recently held the a conference featuring great speakers, panel conversations, and networking opportunities. The knowledge exchange was valuable, but it was shining the spotlight on the current cohort of companies calling the Hub home that proved to be the real highlight.

How to Make a Change -- And Keep It

I am not making a case that change is bad, but I am saying that for change to work, that is, for it to be sustainable, it needs to become a habit. And it feels like the only habit that we know right now is how to change. Not how to sustain it.