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Last week, we hosted Ice House Facilitator Training here at the Foundation. We had people come from across the country and the international community to be trained in how to facilitate an entrepreneurial mindset to members of their community. I had the chance to sit down with one of the facilitators, Rob Elwood, and learn about his reason for coming to this training, and how he sees it benefiting his community in Annapolis, Md.
Kauffman Labs is not your typical classroom, but then again, Nancie and I are not your typical instructors. In fact we do little in the way of instruction in the Ice House Entrepreneurship Program (IHEP) and focus more of our energy towards facilitation. Students are encouraged to explore, experiment, solve problems and learn from one another. It's not what they're used to, but I think they liked it. It gave them the opportunity to expand their idea of education beyond the confines of absorption and regurgitation. It's about learning from the experiences they have with each other.
In academia and the private sector, innovation is the most elusive element. And, adds Stanford University President John Hennessy, it's also needed to solve crucial local and global issues. In this address that launches the University's prestigious Entrepreneurship Week event, Hennessy discusses the evolving interplay between higher learning and commercial progress.
Thomas J. Fogarty is a specialist whose creative talents have impacted many diverse professional and entrepreneurial arenas. In addition to his teaching responsibilities as Professor of Surgery at Stanford University,
Dr. Fogarty performs numerous cardiac and peripheral vascular surgeries, manages several medical device companies founded upon his product designs, is founder and active Senior Partner in the venture capital firm of Three Arch Partners,
and also finds time to pursue his interest in oenology at the family owned and operated Thomas Fogarty Winery and Vineyards. During the past 40 years he has acquired over 70 surgical patents, including the "industry standard" Fogarty
balloon embolectomy catheter. Patented in 1969, this first balloon catheter for the vascular system was a sophisticated version of the original crude instrument that young Tom Fogarty, then an OR scrub technician, designed in the late
1950's using a surgical glove finger tied to a ureteral catheter. Other commercially successful medical products designed by the Fogarty engineering group include a minimally invasive device for breast cancer diagnosis and therapy, and
also a self-expanding stent-graft used to treat critical aortic aneurysms via a minimally invasive technique. Dr. Fogarty is a past recipient of the Inventor of the Year award given by the San Francisco Patent and Trademark Association, a
four-time recipient of the Distinguished Scientific Presentation award presented by the American College of Surgeons, and was the first recipient to receive the award for "Achievement in Medicine" bestowed by the Santa Clara County Medical
Association. Selected recent awards include the 2000 Lemelson-MIT $500,000 Prize for Invention and Innovation as well as the Association for Advancement of Medical Instrumentation Foundation's Annual Laufman-Greatbatch Prize for inventing
breakthrough medical devices. Later in 200
Numenta's Jeff Hawkins, a frequent company founder, inventor, and product designer for Palm and Handspring, highlights lessons learned during his tenure in technology. He also confesses that these accomplishments were mere way stations in his 30-year passionate pursuit of neuroscience.
Competitive Intelligence Guide: Internet Intelligence Index - Links to over 600 intelligence-related Internet sites, covering everything from macro-economic data to individual patent and stock quote information.
No merger is truly a marriage of equals, according to an online-entertainment entrepreneur who has been a party to both sides of the acquisition contract. Thorough research, accurate information and honesty can prevent conflict and help everyone to adjust. Having an integration plan and executing it responsibly make a significant difference in the results.
Earlier this month, Johnson & Johnson pulled out of the heart stent market amid struggling sales of its products. Read more on how this move reveals the need for continuous innovation in the healthcare business landscape.
A search for a joint-venture partner requires a thorough review, extensive due diligence and a list of key objectives and goals. This article explains how to go through the process.
Our founder, Ewing Marion Kauffman, once said: "It's your right to be uncommon if you can. You seek opportunity to compete. You desire to take calculated risk, to dream, to build, yes, even to fail, and to succeed". He was talking to entrepreneurs: those people who create new ventures, building visions into reality. Indeed, entrepreneurs are uncommon in many ways. They create something from nothing. They see problems (and solutions) that others might not. They take personal and financial risks.
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