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Businesses

Submission + - Innovation Capitalist

Anonymous writes: The March 2007 issue of the Harvard Business Review has an interesting piece on a new entity in the Innovation space — called the "Innovation Capitalist". The article states that "Innovation capitalists are firms, often with a particular industry expertise, that seek out and evaluate ideas and technologies from the inventor community and other external sources. They develop and refine those ideas to the point where their market potential is validated, and they then pitch them to large client firms. An innovation capitalist reduces a client company's acquisition costs and early-stage risks. In return, it shares in the proceeds from the innovation." Here's a link (subscription reqd.): http://harvardbusinessonline.hbsp.harvard.edu/b01/ en/common/item_detail.jhtml?id=F0703D

The computer is to the information industry roughly what the central power station is to the electrical industry. -- Peter Drucker

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