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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.

There is a concept called MVP – Minimum Viable Product.

Even though the name kind of says it all, the concept “MINIMUM” – “VIABLE” – “PRODUCT” indicates that there are as few features as possible, it must kind of work and it is a product – most entrepreneurs interpret MVP as the early iteration of a product they want to build. But that is definitely not the case. Let me explain it in more details:

1) MINIMUM VP
An MVP is supposed to demonstrate your core functionality that shows how your product is different from others. And as such focus exclusively on the core mechanism and process of the new solution. If you build a self driving car, it would be perfectly OK to use an old VW beetle that may have no lights and only one seat. But if it is perfectly self steering – you made a great MVP. Try to implement as little features as possible. Every “nice to have” feature destructs unless it is absolutely necessary to show the core idea.

2) M VIABLE P
Be aware that the MVP will only be used by early adopters and need to be seen by investors and other key people. They are typically smart enough to abstract the concept and imagine where you want to take it. It just needs to show the core feature in a very solid way. It need to work over and over again. The function needs to be robust enough that anybody can envision you build the whole concept in a beautiful way later on. Equally important, let the users experiment with it BEFORE it is ready. You will want to learn as much as possible from those users to build the final product after their feedback. Redoing a product is not only much harder but a rather “ready” product may mislead users to a behavior they may not be able to articulate their pain – rather leave it open in an MVP.

3) MV PRODUCT
Make sure that you have a well thought out business model that is actually the disrupting part of your solution. EVERY business model is reflected in the MVP. If the business model is lame, your MVP will not be too catchy wither. Make the PRODUCT reflect your business model.