In the knowledge economy, greater togetherness is the prerequisite for innovating and having more: selflessness extends scope while selfishness increases limitations. But human beings are not automatically attracted to innovation: between the two lies culture, and cultural values vary widely, with the egoistic accent or the altruistic intonation…

In this article Piero Formica examines the difference between incremental and revolutionary innovation, distinguishing between the constrained "path finders" and the unconstrained "path creators". He argues that an acceptance of "ignorance" and a willingness to venture into the unknown are critical elements in…

In this latest in a series of articles on the innovative use of experimental business laboratories for high-expectation entrepreneurs, the authors focus on the networking benefits of business lab experiments. Distinguishing between "Robinson Crusoe" types, whose tendency is to operate in isolation, and "Lemuel Gulliver" types, who rely on…

The role of universities is changing. In the last century the primary focus of universities was on education and research, with the key goals of creating and diffusing information and knowledge. A third and equally important role is now emerging, with its accompanying expectations and responsibilities -- that of value creation. "Value"…

Incubators are embedded in the culture of the economics of (value-added) services. To date, at least in Europe, they have operated in a manner analogous to the generation of nuclear power; that is, attempting to produce "entrepreneurial energy" through a process of fission that creates a division between the aspiring entrepreneurs'…

This paper articulates the opportunity of using an experimental business laboratory approach as a means of accelerating the creation, incubation and testing of new venture ideas. Such a strategy leads to the establishment of a micro-ecosystem of aspiring entrepreneurs and others in a business laboratory environment. The goal is to create a mini…

Industrial culture focuses mainly on the production of "things"--of static objects. Knowledge, on the other hand, is constantly in flux, like a flowing stream. Conventional industrial notions lead policy makers to believe that the addition of a knowledge-based industry to an existing industrial base makes a knowledge economy. This is not the case.…

Central to the process of innovation is cooperation and competition between research and development activities in universities and business. This may be achieved by increasing the value of intellectual entrepreneurship, exploiting innovations commercially and reinvesting profits in the advancement of knowledge, and generating spinoff enterprises.…