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The trick is we use the same Lean LaunchPad / I-Corps curriculum — and the same class structure – experiential, hands-on– driven this time by a mission -model not a businessmodel. Steve Weinstein started Hacking for Impact (Non-Profits) and Hacking for Local (Oakland) at U.C. Stay tuned. He runs H4X Labs.
Instead of students or faculty coming in with their own ideas — we now have them working on societal problems, whether they’re problems for the State Department or the Department of Defense, or non-profits/NGOs, or for the City of Oakland or for energy or the environment, or for anything they’re passionate about. He runs H4X Labs.
We now have the tools, technology and data to take incubators and accelerators to the next level. Teams can prove their competence and validate their ideas by showing investors evidence that there’s a repeatable and scalable businessmodel. We focus on evidence and trajectory across the businessmodel.
Instead of students or faculty coming in with their own ideas — we now have them working on societal problems, whether they’re problems for the State Department or the Department of Defense, or non-profits/NGOs, or for the City of Oakland or for energy or the environment, or for anything they’re passionate about. Team: IntelliSense.
We make a majority of our investments in those sectors and prioritize proven businessmodels. We make a minority of our investments in new technology areas where deep technical innovation is occurring and where we believe there is will be a large future market opportunity. That drives every decision we make.
My contribution has been, “Why don’t we design classes more closely modeled to what innovators and entrepreneurs actually do.” Today the capstone class is most often experiential, team-based, hands on, focused around the search for a repeatable and scalable businessmodel. And a very small percentage are focused on innovation.
XSITE 2012: The Xconomy Summit on Innovation, Technology & Entrepreneurship. Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional businessmodel for venture investing. Steve Seitz.
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