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New & Improved—5 Ideas For New England’s Innovation Economy

I have it on good authority that  June has been declared New England Innovation Month, per Scott Kirsner who has been tireless tender of the innovation flame here in New England for years now (http://www.boston.com/innovation).  See the growing list of June events at http://neinnovation.com.

In honor, a few thoughts follow on Innovation in New England.  First, a pointer to a related concept, called National Entrepreneurs’ Day to recognize what entrepreneurs do for this country.  It’s an idea sparked by a fellow New Englander, David Hauser, founder & CEO of successful tech start-up Grasshopper.  The date being requested of the Obama administration happens to be the first day of spring each year.  [Coincidence that the French word for “start up” also references the spring season–“jeune pousse,” loosely translated as “young sprout” or seedling).

See the video clip below for serious entrepreneurial inspiration, and the other link to add your John Hancock (yes, yet another famous New England innovator) to the virtual petition.

* Killer link for entrepreneurial inspiration– http://grasshopper.com/idea

* Link to petition– http://www.entrepreneursday.org/dh

Now, back to June’s month-long celebration of innovation.   Indeed, New England  has a storied innovation past.  However,   what may begin as a strength in our region can at times turn to weakness, the metaphorical double-edged sword.   I’ve penned a wish list of five ideas for innovation here in New England along that thematic refrain, akin to “innovation on innovation”:

  • #1 “Coopetition” in New England to foster national visibility
    New Englanders are known for their fierce independence and self-reliance.  We needed this when we came over as settlers 300+ years ago and put our MacGyver-esque skills to the test to survive (note, MacGyver was no doubt was an Irish immigrant from good New England pioneering stock).  It’s been said that unless you can trace your lineage to the Mayflower, you’re still considered an outsider.  New England has never been known for leaving fresh-baked pies for the neighbor who just moved in next door.  In fact, at times, neighbors live next to neighbors for years without getting to know each other, all in the name of “independence” and a desire to not meddle in others’ affairs.  However, New England could benefit a great deal if we pulled together and collaborated just a wee bit more.  Example, Peter Rothstein, recently named Director of the New England Clean Energy Council, has been driving for both State and Federal government resources (Department of Energy and other), to fund the concept of a “Regional Consortium” that would bring together all the components of the cleantech ecosystem in New England in a thoughtful, harnessed approach.    The only way New England can achieve this national recognition (and funding) is via collaboration.  OK, just to prove to hardy New England stock, we’ll call it “coopetition” just to retain a bit the independence streak that runs so deep up here.
  • #2 Greater sense for openness for new ideas/ways of doing things
    New England also has a wonderful sense of tradition—Mayflower, Plymouth Rock, the Boston Marathon, Red Sox, clam chowder… we’ve pioneered our fair share of “we were first to….” And “we have the oldest of….”  I’d like to see us bring back a bit more of the revolution versus  evolution.  A bit more General George Washington and Lexington/Concord derring-do, rather than what has grown to be our reputation as conservative  in all things “blue sky”-oriented.  Wouldn’t it be great if we didn’t have to wait for the imprimatur from an MIT lab or a Harvard Business School professor before we tried something new?  New Englanders are possessed with pedigree.  And until something has been anointed with pedigree pixie dust, an innovation often languishes in ignominy.
  • #3 Be more “what you know” versus “who you know”:
    As an outgrowth of #1 and #2 above, New Englanders often suffer from an acute case of “who you know.”  This to some extent is a derivative of the circular logic involving #2 above on pedigree.   Despite our reputation as the nexus of sophistication and erudition, New England seems to grow more and more insular in letting outsiders into board rooms as well as bar rooms.  New England, despite being the original crucible of diverse cultures, has homogenized. Amazing ideas and innovations come from equally surprising and diverse sources.  One of the best examples of “what you know” is exemplified in one of my favorite recent Malcolm Gladwell articles in the New Yorker Magazine (dare we say also a New England masthead), chronicling a Silicon Valley entrepreneur from India who heretofore knew nothing about the sport of basketball, who—when tasked with coaching his daughter’s middle school basketball team—innovated game strategy to turn a weakness into a strength and a last place team into a near division winner (see http://www.bostonsearchgroup.com/blog/type-leaders-required-to-outpace-competitors-in-recovering-economy/ )
  • #4 “Hold” vs. “Fold” or “Sold”
    OK, so I’m not pioneering this idea, but if imitation is the highest form of flattery, I’m a big fan of this growing mantra in the innovation community here in New England that goes like this.  Massachusetts used to have an incredible set of tech & science crown jewels:  in biotech, Genzyme, Biogen & Millennium Pharma.   In tech, companies in hardware and systems like Data General, Digital, Wang, 3COM, and Banyan Systems.  In software & Internet the likes of Lotus & Lycos.  However, over the years, these companies have either been sold or forced to fold.  One of the few remaining companies embracing the “hold” mentality is EMC, preferring to buy others than sell themselves out.  However, just one EMC, or even a handful more doesn’t make for a robust, sustainable innovation ecosystem.  Innovation can metaphorically be cast in the same light as combustion– that combination of spark, oxygen and fuel that powers innovation and drives creativity.  Spark is the new idea, fuel is the money provided from investors in the idea.  And oxygen is the people who take the idea and the money, the business-saavy entrepreneurs who partner as the steel to the innovator’s flint to spark the novel idea, tech innovation, or scientific breakthrough.  I wish we were making more oxygen in New England.  This type of oxygen only comes from the talent that grows up and makes small companies into big companies.  These bigger companies serve as a training ground for the next generation of entrepreneurs to cut their teeth, get their training, build their network.  These larger companies offer entrepreneurial training wheels.  When we sell companies too early, they never get the chance to develop a critical mass of next generation talent who can apprentice at the knee of others and with greater security to make mistakes without having each decision be a bet-the company-one that risks putting the company in mortal peril.  When there is no larger company safety net, fewer young talents practice jumping into the uncertainty of innovation acrobatics, often key experiences required to be able to drive younger companies to success later in their innovation careers.

  • #5 Create a “Celebrate the student Week
    I’ve always been in awe of many of the Asian countries who celebrate things that we in the U.S. might find odd.  I believe they have a day that celebrates children.  And a day that celebrates the elderly wise ones in their communities and cultures.  There is likely no region in the U.S. that has more undergraduate and graduate students than New England.  And these students are the equivalent to our regional “innovation fountain of youth.”  Undergrads, Masters students, PhDs, Post-docs, Fellows.    I wish we could celebrate them.  What better time to do it than during New England Innovation Month.  Make them feel welcome.  Give them social stature to counterbalance the grumblings around U-Haul vans that descend like locusts in late August, or parties that get a bit too raucous.   New England students should be lauded.  Perhaps a regional “student innovation awards” as capstone to this celebration.   OK, at minimum, a free scoop from yet another New England innovation legend, Ben & Jerry’s.  A  scoop of a new flavor in their honor, “College Cram Crunch.”

2009 Green Tie Gala Brings Together Cleantech Community at JFK Library

senator-markey-speech-necec-green-tie-gala-2009

Senator Markey addresses the formal-wear only crowd at the JFK Library during Clean Energy Week in November.

An annual event in Boston punches up the fact that we have an incredible cleantech cluster-New England Clean Energy Council’s annual Green Tie Gala.

Although this event took place back during Clean Energy Week in November, I was reminded of it when out in Denver recently.  Denver has some great stuff going for it.  NREL (National Renewable Energy Lab), University of Colorado with multiple campuses in Denver and Boulder that have significant funding from both Federal and State agencies, and a history of technology oriented companies, albeit with a heavy emphasis on telecom (Qwest, Level 3).

However, what there isn’t as much of in Denver is what some call the “ecosystem.” Others call it the “cluster.” This is a body of people who hold different but overlapping responsibilities in the entrepreneurial ecosystem and whose fusion is its wellspring–

  • Academics: These are those most often with the new disruptive technology or science breakthrough that serves as the seed of a new company
  • Business entrepreneurs: those who have experience taking the seed of an idea, and building a company around it
  • Investors: The first friends & family, then angel investors, and often venture capitalists or corporate strategic investors who pour money into these new ideas to fund the business entrepreneurs scale the disruptive idea
  • Professional services providers: These are often the “connectors” in the ecosystem. They’re comprised of lawyers, accountants, executive search consultants, and start-up advisors. They act as the glue between the prior three categories, more often than not introducing one to another, supporting the growth of these companies with their area of specialty

[Footnote: If you compare Boston to Silicon Valley however, Boston is shallower in large technology and sciences companies that serve to spawn "runners" to new start-up companies.   The biotech industry is perhaps better in Boston at doing this than the pure technology industry in the last decade, with a growing base of larger biotech and pharma companies including Genzyme, Cubist, Biogen and Sepracor.  Medical devices companies also fair better in many ways to large tech, with Boston Scientific, ThermoFisher, and Perkin Elmer.  In technology hardware and software, beyond EMC, there are precious few large technology companies left in Massachusetts. ]

Details on the Gala?  This year’s Green Tie Gala was held at the JFK Memorial Library in Boston (last year was held at the Museum of Science).    There are many organizations in the innovation sector here in Massachusetts that have done a good job at galvanizing a broad cross section of constituents, including the Mass Biotech Council, as well as MITX (formerly MIMC), and the Massachusetts Technology Leadership Council, or TiE Boston (Indus Entrepreneurs).  However, we’ve had yet to participate in a gathering of any that approaches that of the cleantech cluster here in New England.

Senator Markey gave the opening address to punctuate the cocktail hour.  To a person it seemed, everyone knew everyone.  Yes there were a few outsiders (a small contingent from the UK had come over as part of a trade mission coordinated with Clean Energy Week in Massachusetts because of its target rich calendar), yet all of these were welcomed by the larger fold, and the gathering seemed to virtually breathe together as some sort of larger unified body, a cluster with so few degrees of separation that walking from group to group or table to table was akin to going back to your high school reunion…. You knew at least half those sitting at every table.  For those who have experienced the annual Nantucket Conference, it is this atmosphere if intimacy and familiarity that presides.

To cap the night off, venture capitalist Chuck McDermott of Rockport Capital led his band in an after-hours session that continued the beat of familiarity both given its leader as well as in its musical selection (Chuck stating that the band only plays “songs popularized before 1960″).

chuck-mcdermott-and-band-green-tie-gala-2009

Chuck McDermott, leading cleantech venture capitalist at Rockport, moonlighting as 50's music band leader


Interviewing Tips | The don’ts & the don’ts collected by Scott Kirsner

Scott Kirsner recently penned an article in the Boston Globe on interviewing tips, what not to do.  Great compendium (our contributions excepted perhaps but for you to judge in the article sidebar on page 2) of what some might think intuitively as “faux pas”, but many simply may not think of at all, and are at risk of committing.

http://www.boston.com/business/articles/2010/01/10/you_have_your_foot_in_the_door_how_to_keep_it_there_1263010162/?page=1


Medical technologies pioneer Tobii ATI Hires new Vice President Sales to Drive Market Growth

tobii-logo

Dedham, MA-  Tobii ATI is pleased to announce that John Stamatopoulos has joined the company as Vice President, Sales.

“We’re very excited to have John on board.  Tobii is poised for significant growth in 2010, and John will be instrumental in our success in the coming year,” said Tara Rudnicki, Tobii-ATI’s U.S. President.

“I’m extremely excited about joining the team, and feel a real missionary passion to help bring Tobii’s assistive technologies product line deeper into the markets we serve,” stated Mr. Stamatopoulos.

John’s background prior to joining Tobii included Global Director of Sales, Medical Device, Manufacturing, Pharmaceuticals, Capital Equipment, & medical Instrumentation for Fiberoptic Components, a contract manufacturer serving the medical devices and industrial manufacturing industries.  While there, John was focused on developing an international medical marketplace for custom Fiberoptic applications including hand instruments, sensors, and analytical instrumentation. Partner with OEM’s and contract manufacturers.   Before this role, John was responsible for sales leadership at IDEX Health & Science where he was recruited to direct sales for newly launched medical arm of $135M Health and Science division. Other sales roles John played previously included Account Sales Manager at Hill-Rom, a fortune 1000 global provider of healthcare solutions and sales executive at AstraZeneca Pharmaceuticals where he was #1 in district for total Rx market share and recipient of “Best in ‘03″ and “Best of the Best” for professionalism 2004, including  national contest winner for market share growth.  John started his career in the medical industry  at Schering-Plough Pharmaceuticals, and has received industry-focused certificates at Loyola University of Chicago and Worcester Polytechnic Institute.  John received his BSBA from Northeastern University in Marketing and Management Information Systems.

Tobii-ATI (http://www.tobiiati.com ) is the founding pioneer in the field of assistive technology.  Tobii ATI has released a range of new alternative and augmentative communication (AAC) solutions that help individuals with speech impairments communicate. Tobii-ATI develops both communication hardware and software solutions for people with physical, cognitive, and speech disabilities. Tobii Assistive Technology, Inc. was formerly known as Assistive Technology, Inc.  Tobii Assistive Technology, Inc. is a wholly owned subsidiary of its venture-backed Swedish parent, Tobii Technology AB.

Vice President of Enrollment Management

Position: Vice President of Marketing and Enrollment

Management

Reports to: President

Location: Manchester, NH

Website: www.snhu.ed

Southern New Hampshire University trains intellectually and culturally enriched individuals to be successful in their careers and contribute to their communities.
SNHU’s educational philosophy challenges students’ intellectual potential and prepares them for professional lives in an ever-changing and increasingly interconnected world. It provides a supportive and close-knit learning community, delivering engaging instruction in a flexible variety of formats. Students develop the knowledge to understand a complex world, the skills to act effectively within that world and the wisdom to make good choices. They do so within a community of teachers, staff and peers that is encouraged to add its scholarly, creative and pedagogical contributions to the larger social good.”

THE COLLEGE

Founded in 1932 as the New Hampshire School of Accounting and Secretarial Science, Southern New Hampshire University was granted its degree-granting charter in 1963 and conferred its first bachelor’s degrees three years later. The college became a nonprofit institution under a board of trustees in September 1968; in 1969 its name was shortened to New Hampshire College.
Throughout the next three decades the college continued to grow through the addition of its Schools of Business, Community Economic Development, Education, Liberal Arts, and Professional and Continuing Education. During the ‘90s the college opened off-campus centers to better serve adult learners. Programs now are offered in Laconia, Manchester, Nashua, Portsmouth and Salem, N.H., and in Brunswick, Maine, as well as internationally through such schools as SIT in Malaysia.
A recent article in the Boston Globe describes SNHU’s efforts to lower the cost of high-quality education by offering a “low-frills”’ alternative to the campus-based experience.
SNHU Students Forgo Frills to Save Thousands
Today SNHU boasts a full- and part-time student enrollment of more than 6000 and a full-time faculty of 130; 40 degree-granting programs; a 300-acre campus on the Merrimack River; one of the largest and most dynamic online offerings in New England; and programs as diverse as culinary arts, public economic development, and language education. Students come from more than 23 states and 35 countries, with 80 percent of undergraduates living on campus. More…

Vice President of Sales – Medical Devices

Vice President of Sales

The Company

World Leader in Eye-Tracking and Eye-Control

Our client is the founding pioneer in the field of assistive technology.  Being able to speak is something that most people take for granted. However, some are born with Cerebral Palsy, have ALS/MND or may have acquired a disability through an injury or a stroke — all of which can impair their ability to speak. Our client has released a range of new alternative and augmentative communication (AAC) solutions that help individuals with speech impairments communicate. The company develops both communication hardware and software solutions for people with physical, cognitive, and speech disabilities. The company was founded in 1995 and is headquartered in Dedham, Massachusetts. Our client  has just launched nine new AAC products that give individuals with communication disabilities a voice and a way to live more fulfilled, integrated and independent lives.

The Position

Reporting to the President outside of Boston, Massachusetts, the Vice President of Sales will be responsible for the planning and execution of sales activities for the U.S. The VP will organize and lead a team of sales professionals divided into three regions, East, Central, and West.  Each of these regions is led by a Regional Sales Manager, focused on direct sales of the company’s products and services to end-user customers located primarily in the USA and Canada.  The current sales and marketing organization is comprised of a sales team of 20 spread across these regions.

Key deliverables include responsibility to create growth strategies and successful business solutions for branding and positioning of the product line as well as organize, develop, and grow the sales organization. Critical to success will be the ability to work closely with Technology business managers and R&D resources around the globe. More…

February 2009 Growth-stage CEO Survey, preliminary results

Although only preliminary, below are the early returns on the February 2009 growth-stage CEO survey for technology & science-driven companies.  The majority of the CEOs surveyed are from venture capital-backed or institutionally funded companies.   The theme remained the economy for the February survey.  The first question was around what the prevailing sentiments were for a recovery.  Unfortunately, although perhaps not unexpectedly, less than 25% of CEOs surveyed expect the economy to improve before Q4 2009, and more than half the CEOs don’t expect the economy to shows significant signs of recovery until 2010.

Growth-stage CEO survey, guestimates on economic recovery

As CEO, when do you predict the market conditions to take a turn for the better?

When CEOs were asked whether they were still seriously considering cuts in Q2, 2009, more than 25% of the early respondents answered affirmatively.

As CEO, are you seriously considering further downsizing in Q2 2009

As CEO, are you seriously considering further downsizing in Q2 2009

We will post the rest of the survey responses in the next 10 days or so, and will include updates in the interim.