Meeting with the ITP leadership team of the University of Ho Chi Minh City. An impressive presentation where Vietnam is planning to go what innovative businesses concerns.  We also had some great meetings with students, who are very ambitious and eager to learn everything possible about innovative thinking and entrepreneurship.

Entrepreneurs Workshop with roughly 20 top startups and scaleups from Ho Chi Minh City. It was great fun to work with these super engaged and highly competitive teams. One of the things that all of them have in common with any top startup in the world: determination to win.

Investors meetings at the Kova facility. We discussed investor strategies, ways to select startups, due diligence processes and post investment mentoring. We also talked about the necessity to keep top companies in the country to not loose the innovative edge to somebody else.

A wonderful and very personal dinner at the Kova house. We enjoyed traditional Vietnamese food cooked by the lady of the house herself. This was an unforgettable evening.

Great discussions about innovative thinking, investment opportunities, ways to stimulate more innovation and getting startups better supported to be able to compete on a global scale. It was an amazing evening with amazing people.


HANOI

The future of innovation in Vietnam, Conference. Great and an amazing diverse speakers, high energy and very ambitious. We talked about the innovation paradigm and the value of going global for the national prosperity and wealth development.

We were invited by the University of Hanoi to speak about the Innovation Paradigm, the value creation for the national economy and what Vietnam can do to create an innovation economy within the country.

Interesting discussions about how to stimulate innovation and making innovation an even stronger point within an economy. Also we spoke about the value of speaking English as a prerequisite to participate in the global economy.

Meanwhile, Marita ran a workshop for female entrepreneurs. The interest to participate was so overwhelming that the initial 12 people roundtable had to be turned into a 70 attendee  presentation and podiums discussion.

Full house at the female entrepreneurs meeting in Hanoi

A very interesting meeting at one of the largest mobile phone providers. The organization is determined to innovate and bring all new ideas to their customers. It is absolutely amazing to see how Vietnam turned from a rather poor country, dependent on donations, just three decades ago, into a vibrant emerging country.


An equally great meeting at one of the top business banks of Vietnam. Also here, business transformation, innovation and moving from an industry follower to an industry leader is an amazing transition. We talked about how innovative thinking is not just improving the status quo but how to get to an idealistic model and back to reality.

There is a lot we can learn from Nepal. The very beautiful and sometimes considered mystic country could not have more orthogonal dimensions. Nepal is at the very low end of the GDP list, is unfortunately high up on the list of “perceived corruption”, is a nation with the one of the most kindest people on earth, has exceptional talents, a still under developed infrastructure, is still dependant on donations from foreign countries, yet some extraordinarily ambitious people to turn the nation from a “receiver” nation into a fast emerging nation on the way to become a “giver” nation. When such a country, with a new generation of sheer infinite determination can organise to breed talents working on globally latest technology such as Artificial Intelligence, with goal to turn the nation to prosperity – we must ask shouldn’t that be possible in other countries too. We also must wonder if the combination of a new agile government, highly engaged academia, highly motivated entrepreneurs, all working together – is a superior model of the future? Or will the model of a public being permanently on confrontation course with their government, ego driven groups with nothing but steering up the nation with horror scenarios for their own good and media loving to confuse information consumer for the sake of popularity be the winner of the future?

Khem Lakai – Nepal

While we, the World Innovations Forum, has pretty much all ducks in the row here in Switzerland, a very active community in San Francisco, where it all started, and a very good start recently in Bosnia, great energy in South Korea, Vietnam, Germany, Macedonia, Nigeria, and other countries, our current Role Model is Nepal. Khem Lakai our Ambassador, had by far overachieved our wildest dreams. After our first Meetup in 2018, and a good exchange during the year, Khem understood, it was important to get top technology created in Nepal. Since natural resources are limited and industrial production is not too well developed yet, competition in other countries is fierce, he decided to help stimulate tech development. Together with Ranjan Mishran, a Nepali who is studying at ETH in Zurich they inspired a team of PhDs from Zürich and other Universities to come to Nepal. The Swiss Embassy in Nepal immediately recognized the importance and supported his actions.

Kathmandu, Nepal

In nearly no time, students in Nepal are being trained and built an AI systems and have been stimulated for Entrepreneurship. With yet another group of Nepali tech enthusiast in diaspora, lead by Prof. Bishesh Khanal who decided to quit his dream job in London to move back to Kathmandu and help Nepal move forward with other very successfully tech professionals and experts in the field of AI. Khem worked closely with various entrepreneurial enthusiasts in the nation, co-sponsored national events with Nepal Tourism Board and mentored youth in politics from all different political parties to raise awareness for a “visionary leadership”:  Nepal is to change the narrative of poor and sorry nation to a successful strong nation.

 

Premier Minister Khadga Prasad Oli of Nepal with World Innovations Forum Chairman Axel Schultze.

A few months later they invited Axel to speak with the Prime Minister Oli about the World Innovations Forum’s overall plans and also having talks with their Finance Minister Dr. Khatiwada. The power play continues this year with a first International Investors Summit in Nepal. Now Axel is preparing to attract international startup investors from the US, Germany, UK, Switzerland and maybe a few other countries to Nepal. While the country is still perceived as a rather corrupt nation, we see already Nepali Finance Minister starting to bring the legal framework in alignment with International expectations. The extraordinary journey is just in the beginning.

Khem Lakai, the World Innovations Forum Ambassador, together with his connections and a very ambitious country is making the sheer impossible a reality. It’s the concerted effort with an exceptional leadership that made this work. It was only a spark of inspiration from the World Innovations Forum,  yet the highly focused, ambitious and self determined Khem Lakai did what he felt is right for Nepal, connected with likeminded people and relentlessly executed. It’s that mindset and the understanding what really makes sense for the larger part of a country that moves mountains. In the meantime a new innovation lab is in the making. Also a collaboration between another Swiss university with a Nepali University is considered to create an exchange between some top Nepali talents and Swiss talents to also shorten the distance between cultures.

Its the right time for the right action with the right people that makes a change possible. This is the spirit the World Innovations Forum is trying to embrace. Our most sincere THANK YOU to Khem and his team of equally ambitious team of exceptional people like Ranjan Mishran, Prof. Bishesh Khanal and many others to build this World Innovations Forum poster child.

Even though Khem is the prototype of a self starter, let us inspire all of you to do what is best for your country as every country is in a different situation. But we are all one world – together.

@MaritaR

 

Innovations Age driving many major innovations simultaneously and globally

Innovations Age driving many major innovations simultaneously, independent of each other and globally

Transcending from the Information Age into the Innovations Age.

Looking back: Information is king, information will be omnipresent and widely accessible more or less across the globe. All that exactly happened. The power of information changed the world order. It was no longer the production power that made emerging countries to developed countries, but well-informed societies, that were able to understand the global trends, global needs and the way to deliver any good globally. The information age was the big enabler of globalization. The information age was the driver to let countries like Cyprus, Czechia, Estonia, Ireland, New Zealand, Slovenia, South Korea emerge to highly developed countries in less than two decades. But all that will change in the new Innovations Age.

Ushering in the Innovations Age. Since three years we see a new driving force, on the verge to change the world more than ever before: Innovations – on a very broad front. Human’s progress on hybrid sciences between technology and human skills: Artificial Intelligence, or enormous progress in smart materials, biological materials, energy technology, ultra small and inexpensive satellites, private business space discovery, environmentally conscious food, augmented reality – all pushing forward with great thrust and most importantly simultaneously. Hence the ‘s’ in the Innovations Age. The team felt who would be better to take the lead on this change than the World Innovations Form.

In 2018 alone we saw mind-bending inventions far beyond information technology. We heard about the creation of a heart chamber that is entirely built from biomaterial, creation of concrete stone that is made of air – actually CO2 – modified carbon, the advances in enforced deep learning letting AI play, find or construct much faster than any human ever will, creating bacteria that can digest polymers, and hundreds of other breakthroughs – in one and the same year. This year, 2019, we will see very similar development but on an even broader spectrum with an even bigger push forward. Innovation is turning from “big bangs” in the past centuries – into constantly “rolling thunders”.

The global impact of mass innovation is multi-dimensional.
1) New solutions with new educational demand will create new jobs in a variety of existing and even new industries.
2) New discoveries will require the availability of corresponding infrastructure and legal support
3) ‘Agile Government’ may become a signature term for the leading countries in the innovations age.
4) The world order will shift again. The Information Age powerhouses such as the US, Japan, UK, may need to give way to new nations with a more agile faster-responding society. It’s no longer about east or west, not even developed, emerging or less developed countries.

The Innovations Age is all about agility. We will need to look out for ‘agile nations’, ‘fast following nations’ and ‘preserving nations’. If we needed to make this categorization today, the new world order would look very different:
Agile Countries
South Korea, Vietnam, Singapore, Germany, France, Spain, Switzerland, Netherlands, Austria, Australia, Chile, Mexico, Russia, Brazil.
Fast Following Countries
Argentina, Canada, Columbia, Nepal, Nigeria, Peru, South Africa,
Preserving Countries
Virtually all other countries including former highly developed countries including US, UK, Japan…
The mix of developed and emerging countries couldn’t be grander.
However, that grouping is rather premature. But we will soo already by 2020 a clear impact of the evolution in the Innovations Age.

We are not alone. The term Innovations Age was coined before us. Already in 2017, McKinsey published an article “The age of innovation“. Huffington Post declared already in 2011, The Innovation Age starts now.. Also the University Of Tampere, Finland is working on the “Age Of Innovation“. And as we describe here, education is one of the keys in the new Innovations Age, the book “Innovation Age Learning” may be interesting to read.

Summary

Summarizing the Innovations Age, characteristics and difference to the past time period.
Unlike any other time period before, including the Stone Age, Bronze Age, Iron Age, Dark Age, the technological period of the Contemporary History with its Jet Age, Atomic Age, Digital Revolution, Space Age, to today’s Information Age,  the Innovations Age ushers in a time period of simultaneous development, versus linear development. The possible impact of Artificial Intelligence is an excellent example of that situation. Linear development would take eons to progress. Only the simultaneous development in neuroscience, computer science, social science, robotics, IOT, gives the future autonomous machines a significance that could not evolve in a linear manner. Similarly the upcoming progress of smart or bio materials can only evolve due to its parallel development nature. And more so all that is happening in parallel to each other. For the first time in human history, parallel development will move us from a technological monoculture into a massive parallel development culture. Innovations are now literally limited to the number of talents we can build up through ever more advanced education systems – even taking the rapid development of autonomous machines in consideration. Interestingly enough: Human education will signify a major aspect of this new age.

You may want to join the upcoming online conference February 12, 2019.

 

We have been in Hanoi, Vietnam, from March 7 to 9, 2018 to learn about Entrepreneurship and Innovation in Vietnam. The Society3 and World Innovations Forum Ambassador, Nguyễn Dũng from BKHoldings, Hanoi’s top Accelerator and Co-working space prepared two packed days with insights about Vietnam and a startup event in Hanoi. The two main cities, Hanoi and Ho Chi Min city compete for attention and leadership in a great way. Vietnamese are very competitive people and power worker.

Innovation in Vietnam

Vietnam is on the forefront of innovation in the areas of AI, Blockchain, Crypto currencies and other areas based on the Russian Education System. Vietnamese universities create great mathematicians and scientists who in turn work on the above mentioned topics. Our Innovation & Entrepreneurs event was having a gigantic 7 meter LED display. No more projector needed.

Co-Working & Acceleration in Vietnam

BKHoldings Co-Working Space is certainly a leading example of a highly comfortable, yet very accessible space for young entrepreneurs to work in. But here is not only a work space but also an accelerator, helping young entrepreneurs to be prepared to go after the business quickly and avoid unnecessary mistakes. It’s owner, a young entrepreneur himself created that space in a way that everybody can easily communicate with each other and still has a very professional appearance. And talking about communication: It’s worth mentioning that all startups, investors as well as representatives from universities or government spoke fluently English. It appears that there is a clear understanding that if one will want to do business on a global level has to speak the global language. We noticed that first in Bangkok then in Nepal – English is the universal communication vehicle.

Vietnam will be represented at the upcoming World innovations Forum in Switzerland as one of the highly innovative countries in the world. We will share some more insights in the Vietnamese Startup World and some top startups from several industry segments.

 

Most people associate Nepal with Himalaya, Yak, Temples and Monks. And that’s OK – but that was 20+ years ago. Kathmandu, the capital city is a 6 to 8 Million people mega city. The Universities produce entrepreneurs and scientists and the management schools develop top candidates. And the Entrepreneurial Wave Nepal is on the rise.

Entrepreneurial Wave Nepal, Khem Lakai, Society3 and World Innovations Forum AmbassadorWe have been invited to Kathmandu Nepal, from March 4 to 6, 2018 to learn about Entrepreneurship and Innovation in Nepal and share entrepreneurs experiences from around the world. The Society3 and World Innovations Forum Ambassador, Khem Lakai (Photo) made this three very impressive days for us.  Marita and I learned a lot about this extremely friendly culture which has to offer a lot more than Mountains and tracks – even though it is a breath taking experience being so close to the tallest mountains in the world.

Entrepreneurial Wave Nepal

We saw some very interesting startups in all kinds of fields from Medicine to technology and data management. And prior to the event that was organized by our Ambassador For Nepal, Khem Lakai we had a chance to meet leaders from the university, government, and industry on the campus of the Global Management Academy in Kathmandu.

Entrepreneurial Wave Nepal at Academy For Management Kathmandu

At the Event “Entrepreneurial Wave Nepal” we talked about the need to connect entrepreneurs from all countries to learn from each other, inspire each other and possibly create business partnerships across the globe.

Entrepreneurial Wave Nepal with Axel Schultze, Society3 at Nepal Entrepreneurs Night

In many countries, including Nepal, there is a huge interest in connecting with the rest of the world to learn what is needed, what problems need to be solved and how young entrepreneurs can share experiences from technology issues to business model development or fundraising challenges.

 

During the Entrepreneurial Wave Nepal, Marita Schultze addressed several points that are continuously discussed with female entrepreneurs such as the work/family balance, the perceived differences and why female entrepreneurs should not adopt to a male behavior but instead understand their advantages as a woman. “No need to copy a male entrepreneur’s behavior – put your uniqueness in the foreground instead”.

Entrepreneurial Wave Nepal with Marita Schultze, Society3 at Nepal Entrepreneurs Night

Female entrepreneurship is not just something Nepal will do but already has several years experience of engaged female entrepreneurs.

Podiums Discussion,Entrepreneurial Wave Nepal, Society3 at Nepal Entrepreneurs Night

The podiums discussion only emphasized what we already recognized: Nepal is on the verge to become another highly agile country in Asia that has to be watched and taken serious as one of the most potential innovation countries in the world. Clearly Nepal will be represented at the upcoming World innovations Forum in Switzerland and added to the list of the highly innovation countries in the world.

 

And last but not least, Mount Everest is an absolute must see, letting all innovations behind for a moment and meditate about the wonders of that world.

Entrepreneurial Wave Nepal and Mount Everest

Flying along side the Himalaya Mountain Ridge having Mount Everest straight in front of us.

In the next few weeks we will introduce some of the Nepali Entrepreneurs and what they do. Interestingly enough some actually come already from other countries to start their opportunity here in Nepal. One of them is Tirza Theunissen. but we will talk about her and her amazing project in a dedicated post.

Getting innovation to global markets

Bringing innovation successfully to market is key for prosperity

Nations all over the world pour millions and billions into innovation support – yet only a fraction of those inventions are ever seen their markets. Innovation officers consider bringing those innovations to market the sole responsibility of the entrepreneurs who created them. The job is done when an innovation was funded. An estimated 2% of the innovations funded by the European Commission become eventually successful solutions – the rest of the Millions in funding evaporate.

Instead of taking some of the grants to ensure that the major part of the investments in innovation even has a chance to survive – more money is thrown into ideas that all too often already from the beginning have no chance to get anywhere. This frustrating waste of money time and resources drove us to rethink the core values of innovation.

The initial value of innovation is zero

Any invention or innovative product or service has no value just because it exists. Assume, somebody develops a battery in the size of a matchbox that can host 1 Gigawatt of energy for 500 hours. As long as nobody has access to it, there is absolutely no economic value for our society. That power box does not create revenues, it does not create jobs, it does not give business to trade organizations and no added energy to its actual consumer.

Only if that invention is brought to market, it begins to create an economic value to the economy / society it is made available to. And the larger the geographic range is, the higher the value. Social networks have been in existence in very rudimentary forms before Facebook, LinkedIn and Twitter. But only once the innovation of digital social connections became a user friendly appearance and was brought to large numbers of the population it became of real value. And in almost all cases the value for the company is created when the value for the consumer is created.

Innovation Value

We see a clear correlation between consumer value and innovation value. If we stay with social media media for a moment, we see that correlation in several instances pretty clear. The US social media company LinkedIn started in 2003 and shortly thereafter German competitor Xing. Xing was even able to make it to become the first social media company in the world to do an IPO. However LinkedIn was more appealing to users and was strategically marketed on a global scale. Xing vanished away and LinkedIn dominates that part of the social media tools. The IPO for Xing did not help, the money they gained did not get them to the top. And exactly the same happens in the early phase of a business – when they are still startups.

Switzerland for instance is known for its innovative people and companies. It’s the country with one of the most patents per capita. Yet – in the past 20 or 30 years not a single tech company made it to the top. The innovation was purchased on an very early stage, investors and entrepreneurs chose the quick money over the economic value potential it could have for the country and sold the business, one after the other to companies who mostly siting other countries. The Innovation Value for country of Switzerland is nearly zero because the value creation, job creation, revenue and tax creation is happening in other countries.

Innovation Value and Valuation

Companies like Microsoft, Google, Facebook, Intel, WordPress, and lately Bitcoin dominate the technology related behavior, data usage and providing across the entire planet. All those companies have been considered vastly overvalued and part of a crazy hype. Just a few years later we most realize that the value seem to be OK and even if not, those companies dominate the rest of the world. Recently however the US dominance is broken and another country is becoming the most critical enemy: China. Europeans, Africans, Latin Americans just turn their heads from west to east and now complain about overhyped companies like Alibaba, Baidu, Tencent, Huawei, Xiaomi, Geely and so forth. All those companies shine with their high valuation. And the high valuation in turn attracts investors, talents, consumers and general attention. Only the combination of highly innovative products PLUS well marketed solutions create an economic value for a society by creating large amounts of jobs, revenue and taxes.  And the valuation from far sighted investors is the best indication for the economic potential in the future.

Innovation Value for a Economy / County

A country which does understand that network of value, innovation, valuation, and marketability of their startups and entrepreneurs has a great chance to benefit from the innovation they support, sponsor and fund. For others it is a risk of a large money and brain drain and even worst – like in Switzerland, large sums of money are poured into innovation and those who actually seem to have a great chance to grow are purchased long before the value could provide a return to the donor.

 

First global innovation gathering

In June 2018, for the first time, entrepreneurs, investors, enabler and government officers from around the world meet at the World Innovations Forum. The forum helps to get a better picture about the status quo of global innovation and entrepreneurship. This conference of the visionaries will show how far even emerging countries are and what we can do to help bring innovation  better to market.

Innovation of no value

Around the globe, billions are invested in innovation. However as long as no support is given to bring those innovations to market, the large majority of great ideas evaporate. The World Innovations Forum will address that and help make a change. More innovation need to find their markets and contribute to global prosperity.

Technology at Risk

Artificial Intelligence, Crypto Currency, Robotics, Autonomous Vehicles, Technical Implants, DNA Manipulation and more are considered risky technologies and at the same time great advances of the human mind. We don’t want to have neigh sayer pound on the technology and obsessed engineers defend it. Instead we will discuss many of those topics with those who have a common sense and explore the future evolution of those technologies.

Getting startups into global markets

It’s always too late and always too early when young entrepreneurs grow international. Today’s networked world, digital and online practices and new technologies open up all new opportunities. How can a startup from Nigeria go global 2 years after founding and be in 20 countries a year later? Yes it’s crazy, not health, too fast, irresponsible and way too risky. And yes, it’s the core spirit of entrepreneurship. With the Society3 leadership team having brought 4 companies international within their first four years and today’s technology we will help startups go broad faster than ever before imaginable. Of course with all the risks and challenges and with all the opportunities.

A global entrepreneurial mindset

After all, it is the unbelievable spirit in Silicon Valley that is responsible for driving all the other advantages of the area. Silicon Valley is known to be the epicenter of innovation, the best place to get funded and the most compelling place to work. But if you do a deep dive analysis you find an interesting chain: The amazing mindset of all the like minded people makes working more like fun – not work. With that it makes it easy to learn from each other, probably 10 times faster than anywhere else. If you combine the work energy and the super fast learning, top notch companies are only the result. That attracts investors who in turn learned to nurture that spirit and develop it even further. NOW – since we cannot send millions of startups to San Francisco / Silicon Valley, we need to get creative if we want to increase the success rate of all entrepreneurs.

Creating that spirit in other places has been proven to be possible. Now we want to create it across the world. This is one of the key projects we are kicking off at the World Innovations Forum in June this year.

TICKETS

Unfortunately we have only a very limited number of tickets for this year, about 10 for each of the 25 countries, so please register early to make sure you can join.

Ticket sales is now open.

SOCIETY3’S FIRST GLOBAL ONLINE MEETING

After creating one of the most successful accelerator programs and working with entrepreneurs for the past 4 years, we decided to take our vision global. Today we are represented in 25 countries. And since we cannot bring millions of entrepreneurs to Silicon Valley – we need to do something radical different. We, the founders of Society3, are used to disrupt and make a difference. Today we begin to make a difference in how entrepreneurs in all countries get supported, treated more equally and have a chance to become a big company as if they would have started in Silicon Valley.

We need to rethink our abilities to permanently collaborate on a global scale. Creating a simple copy of Silicon valley is not going to work and definitely not the very spirit of Silicon Valley. Disrupting the main disrupter is. The digital world already holds all the necessary assets. We don’t won’t to ‘improve’ Silicon Valley but stand on it’s shoulders taking the amazing culture that was created there to an all new level.


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AGENDA

* THE NEW EXCHANGE
Creating a global exchange for innovative minds.
How can entrepreneurs, investors and enabler benefit.
What’s our experience after 20 years Silicon valley.
How can every entrepreneur around the world leverage
global connections.

* GLOBAL ACCELERATOR
Running the first global online accelerator so every
entrepreneur can join, no matter where they are.
Main topics are: Bold visions, disruptive business models,
zero budget go-to-market strategy, traction and growth
hacking, fundraising,

* INTERNATIONAL TRADE FOR EVERY STARTUP
Building the first global trading & transaction system for
young entrepreneurs using blockchain technology.
Getting business rolling into almost any country faster then
ever before imaginable – at nearly no cost.

There is no substitute for a great in person meeting, like there is no substitute for an amazing live concert. Yet we hear MP3 music every day. This online conference is about online engagements, creating a mindset for online collaboration and an experiment to create a permanently connect online ecosystem – very much like Silicon Valley.

HOW TO CREATE A SILICON VALLEY CULTURE?

Every group of autonomous people can create a culture. We are on the verge of creating an all new entrepreneurs culture and significantly increase startup success rates no matter where they are located.
We do not want to change anybody or their culture. But we want to connect those, globally, who already have a good idea about an open and sharing ecosystem where we all can learn from each other and build businesses who can grow fast, create new jobs and provide value.

On April 5 we want to talk about how we can do that and how the culture in Silicon Valley was created.
All you need is an internet connection and a way to listen and ideally talk online.

Please register here:


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There is no charge to attend