participation in innovation and entrepreneurship by socially and economically disadvantaged persons, 4) increase private-sector commercialization of innovations derived from Federal research and development funding. “Tina Barnhill who works for Missile Defense Agency that braches off The Department of Defense was my first interview. She had told me about the three phase you need to complete Phase I. The objective of Phase I is to establish the technical merit, feasibility, and commercial potential of the proposed R/R&D efforts and to determine the quality of performance of the small business awardee organization prior to providing further Federal support in Phase II. SBIR Phase I awards normally do not exceed $150,000 total costs for 6 months.
education. Doing the interview, I had some target questions that I wanted ask. I asked the
My first informational Interview was with Mohammad Gharbieh, the vice president of Quality One Energy Systems that does heating and air conditioning work and services located in Dallas, Texas. It was a face-to-face sit down interview.
Kelvingrove Art Gallery and Museum in Glasgow, Scotland; a Victorian era museum established in 1901 to express the pride, wealth, and cultural ambitions of the industrial city of Kelvingrove, was in need of change in the late 1980’s to be more relevant to modern audiences. Starting in 1990, when Mark O’Neil joined the Kelvingore Museum, Mark was tasked with bringing innovation to the entire museum by the then director Julian Spalding. After an initial start by O’Neil into implementing some of Spalding’s radical innovative ideas, O’Neil was side tracked into a separate project at the St. Mungo’s Museum of Religious Life and Art. The St. Mungo’s work provided some insight and allowed experimentation with some of the innovative ideas Spalding wanted to use at Kelvingrove of using storytelling to organize themes within the museum. In 1993 with the work complete at St. Mungo’s O’Neil could was finally able to start on the needed change and find funding to bring about the change. Between 1994 and 1996 O’Neil developed and began implementing the storytelling concept when the Kelvingrove Museum submitted their request for funding for renovations to the museum. This initial request was rejected, which caused the O’Neil to totally reevaluate the approach taken in the change to the user experience as well as the approach to the application for funds. It took O’Neil and his staff two years to reevaluate and resubmit, but finally in 1998 they were approved for funding for renovations. During this reevaluation period for the funding O’Neil concluded that evaluation of a proposed change on the front end; to “Work out how to do it before you spend all the money on getting it wrong and it’s too late to fix it,” (Liedtka & Salzman, 2009, p....
If the federal government support the small business financially, this may result in more prospurity, and co9vergae of clinical shortage . It is important to assign deligates to persuave some banks to l begin accepting applications from financial institutions who are interested in becoming Community Advantage lenders. It is essential to lobby the government to join thousands of partnerships , and focus on health,, education and welfare. The role will be more effective if we expand the partnership globally. global funding. Global funding can be significant in building program targeting HIV/AIDS, malaria and tuberculosis that are high risk from these diseases. Our focus should be focused on human development and not on energy development.
Arrow, Kenneth. "Economic welfare and the allocation of resources for invention." The rate and direction of inventive activity: Economic and social factors. Nber, 1962. 609-626.
Situated in the heart of the metropolitan city of Atlanta, the Georgia Institute of Technology (Georgia Tech) is recognized for producing students that exhibit excellence and leadership that extends beyond their collegiate tenure. Most recently, Georgia Tech was recognized as the top seventh public university by U.S. News & World Report (http://www.gatech.edu/about/facts-and-figures) for its leadership in both academia and research. Though Georgia Tech continuously maintains top rankings for its undergraduate and graduate academic programs, this paper focuses on the functional units responsible for the innovation and entrepreneurship that comes from this prestigious university by way of research. Chartered in 1937, the Georgia Tech Research
...ividuals and systems should be developed to encourage innovation in a flexible way with few legal restrictions. Government and investors should work towards improving the infrastructure of the nation by providing facilities and platforms making it simple for any individual to innovate.
Entrepreneurship for social change: Is the U.S. doing enough to encourage and support sustainable social innovation?
When an applicant meets the five basic requirements the selection process begins. This selection process is lengthy and extensive and it is extremely competitive. The candidate is put through six test and required to pass all of them before he or she can move on to training. The first phase of the selection process is usually a written exam, which will evaluate the candidate’s basic reading and comprehension skills. Background...
The ever-decreasing length of product lives has diminished the role of new technologies as a source of satisfactory profit and sustainability, as in today’s economies they become commoditized in a growingly fast manner. Nowadays, innovation must include business models rather than just technology and R&D (Chesbrough 2007), and with the greater frequency of disruption and dislocation in many industries, business model lifecycles are shortening as well.
Entrepreneurship, innovation and economic development are the key factors of a successful business. These concepts are inter-linked and this essay will further explore and elaborate the relationship they have with each other. Additionally, sustainability also plays a role in this relationship and contributes greatly to a business’ success and reputation.
Entrepreneurs create new businesses, and new businesses in turn create jobs, strengthening competition, and may even increase productivity through technological change. Increases in levels of entrepreneurship will result to an increase in economic growth (Nolan, 2003).Entrepreneurs by starting or setting up their businesses, will help with local development by locating less developed areas. The growth of industries and businesses in these areas leads to infrastructure improvements, such as better roads and stable electricity. Every business that is located in a less developed area will create opportunities that will improve the living conditions of people residing in that particular area (Nolan, 2003).
Innovation is the driver that keeps companies moving forward with new and/or improved products and services. Innovation in one organization can push another to improve their due to competition thus providing an environment that continues to evolve. In other words once an opportunity has been recognized, a company must seize it (Kuratko, & Goldsby, 2012, p. 85). The intrepreneur and entrepreneur function similarly in the aspect that they push for new ways of making products, or improving process for a business's well being. Taco Bell, Zipcar, Dollar Shave Club and Kickstarter are great examples of innovation in the market today.
Scientific and technological progress is one of the most important and far reaching of humanity’s effort streams throughout history. One of the hallmarks of any great society is what new or improved knowledge of the world and how it works that the society can contribute. A strong and vibrant culture celebrates the spirit of invention and innovation. Closely allied with this concept is the spirit of entrepreneurship, considered one of the greatest qualities of the American culture.
The third theory that elaborates on this topic is opportunity-based entrepreneurship theory is associated by names such ad Peter Drucker and Howard Stevenson. According to Drucker and Stevenson, entrepreneurs exploit the opportunities before them, be it in technology or new markets, and create transform lives through them (Teece 2013). This assumption contradicts Schumpeter’s premise that entrepreneurs are not responsible for change though their innovation. In this case, it would be safe to point out that both the ability to cause change and notice situations that require change is part of the ‘process’ of entrepreneurship. Schmitz provides similar notion of opportunity-based entrepreneurship when he notes that entrepreneurship promotes social-economic transformation because of “imitative activities of entrepreneurs” (Schmitz, 1989, p. 721). Schmitz’s model argues that it is the imitating entrepreneur, rather than the innovative entrepreneur who promotes growth in the economy (Schmitz, 1989). Imitating entrepreneurs are those who emulate or duplicate existing innovative ideas of original entrepreneurs and puts them into use.