Archives

June, 2007

Managing the driver of innovation: ambiguity

Filed under: Entrepreneurship and Business
June 20th, 2007 by Mike @ MaRS

Work Hard, Play Hard

I attended a talk from Hans Siggaard Jensen of Learning Lab Denmark yesterday, given at the Rotman School of Management as part of its Design Thinking speaker series. The talk focused on the necessary differences in approaching different types of management. Here’s the highlight as I see it:

For traditional project management to be successful, you start with an end-point (the objective) and work your way back to today (through milestones). But what happens when you apply this basic framework to research and innovation? Well, you have no end-point, no clear objective (other than a vague notion of what you want to develop), and so nowhere to begin managing. Herein lies the challenge of managing ambiguity — something that is necessary for a research- or innovation-driven organization to succeed.

What does Mr. Jensen suggest? Learn to play — develop a structure in which people are not driven by specific goals, where a “project” is not ruled by meetings in which staff talk about what to do. Get in there and do things, try things out — the fun stuff — and, more often than not, you will stumble across a great solution that satisfies the ultimate objective. Lots of other innovative ideas will fall out for future projects, not to mention the necessary improvement in staff morale when work becomes focused and productive play-time, rather than hard goals that don’t necessarily capture the true objective.

Baldness cured by stem cells

Filed under: Emerging Science and Technology
June 19th, 2007 by Lincoln @ MaRS

Millions of men around the world get up each day and face taking Propecia, fighting the comb-over, and futilely trying to convince women that baldness is associated with high levels of testosterone. There are even those who resort to spray-painting their thin spots (according to the infomercial, you can even “comb the paint”). Donald Trump, with all his millions, goes on TV every week with his infamous “hair” rather than being bold and bald. And even Professor X’s mutant powers weren’t able to give him a full head of hair.

For all those “follicly-challenged” men waiting for a cure, I have some good news: baldness is on its way to being cured within our generation.

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One you might have missed during this busy award season… (the Life Science Industry Awards!)

Filed under: Emerging Science and Technology
June 18th, 2007 by Kevin @ MaRS

The Scientist recently announced the winners of its Life Science Industry Awards. These awards are dedicated to the life science industry that creates the reagents, hardware, and solutions researchers use every day.

The awards are dedicated to an industry that is not only highly innovative, but must also be very customer-focused and user-friendly. They provide many of the enabling technologies that help further research and discovery. Winners include Bio-Rad, Fisher and Qiagen. But the biggest winner of the evening was clearly Invitrogen, with no less than 6 awards (including one for their website)!

“This year, in the fifth Life Sciences Industry Awards, customization and integration of equipment separated the good from the great. Those trends, of course, require value and customer service, which are other key attributes of the 11 winners in 20 categories.

The Scientist worked with Arlington, Va.-based marketing research firm BioInformatics LLC, who polled our readers and members of the Science Advisory Board, for a total of more than 3,000 responses. Award winners were toasted on April 16, 2007, in Los Angeles at the American Association for Cancer Research annual meeting.”

See the complete list of winners >>

Today’s Pick: Canada’s top Web 2.0 wonders

Filed under: Emerging Science and Technology
June 18th, 2007 by Helen @ MaRS

VC-focused blog Alarm:Clock recently posted a list of the “Ten Canadian Startups Waking Up The Web.” With input from Canadian tech blogger and B5 Media executive Mark Evans, blog editors reviewed the Canadian Web venture scene and selected ten companies using criteria such as “…1) privately held, 2) great founders, 3) consistent execution on business plans, 4) innovation, and 5) user uptake.â€?

The top five on the list include:

  • Extend Media (video ASP)
  • Club Penguin (social network for tweens)
  • EQO Communications (mobile IM)
  • Web Lo (virtual world economy)
  • OZ Communications (consumer mobile messaging)

Check out the other start-ups that made the list >>

The revolution is here

At the CVCA conference last week, clean tech was a prominent topic during the formal presentations and cocktail discussions. Clean tech is an all-encompassing term coined by Nicholas Parker.

It also happens to be a big passion of mine which started with a university paper about the epidemiological portraits of populations centred around major fertilizer factories, and continued with research relating the incidence of cancer to pollutants in the drinking water. I tried hard to invest in clean tech companies back in the ’90s but the business models never quite worked without the subsidies. Needless to say, I am pleased to see a visible change in the appetite for clean tech companies.

What is different this time? Could it simply be that we’ve reached a tipping point? In other words, the problem is now so large that it cuts across the divergent agendas of politicians, businesses and investors?

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Conference Board to Canada: start innovating

Conference Board of Canada
report on socio-economic performance

It’s here — the Conference Board of Canada says Canadians don’t innovate enough, and when they do, they don’t follow through.

Surprised? We’re near the bottom of the scale amongst the 17 OECD countries.

How Canada Performs: A report card on Canada (free download, requires registration)

Here’s the framework they use — four key elements to innovation:

  1. Creation: Generating new knowledge or significantly improving existing knowledge (C/D)
  2. Diffusion: Communicating and sharing knowledge (D)
  3. Transformation: Developing new or significantly improved products and processes; adopting or adapting knowledge for specific purposes; and transforming knowledge (A)
  4. Use: Commercializing and delivering or implementing new or significantly improved products or processes (C/D)

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High tc superconductors: material progress

Filed under: Emerging Science and Technology
June 13th, 2007 by Tony @ MaRS

It’s a fundamental truth in materials science that progress in developing a new class of materials depends on both the experimental ability to measure the properties of those materials as well as the ability to theoretically model them.

The whole field of high temperature superconductors just took a giant stride forward with the recently reported (in Nature) work of Louis Taillefer of Université de Sherbrooke.

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Nanotechnology: moving from big-R-small-D to big-R-big-D?

Filed under: Emerging Science and Technology
June 12th, 2007 by Justin @ MaRS

In a recent MIT Technology Review article, it was announced that Nano Terra (a startup based in Cambridge, MA, founded in 2005 by George Whitesides and his former Harvard chemistry fellow Carmichael Roberts) licensed the rights to more than 50 patents from Harvard University in one of the largest nanotechnology patent deals to date.

“The wide-ranging set of patents–the result of research done in the Harvard chemistry lab of George Whitesides–covers everything from techniques for designing materials that assemble themselves into microscopic lenses and data storage devices, to tools for patterning complex nanoscale circuits over large, irregularly shaped surfaces.”

Until now, there has been much speculation about the potential of nanotechnology.

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Today’s Pick: Nature Reports stem cell website

Stem Cell

Nature Publishing Group (NPG) has just launched a new website, “Nature Reports Stem Cells.”

This is the second in a series that will “…highlight topical science issues by providing thorough investigative reporting based on peer-reviewed, primary research.”

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You’re reading a top 5 biotech blog

Filed under: Emerging Science and Technology, MaRS
June 11th, 2007 by Kevin @ MaRS

Yali Friedman, a major thought leader in Biotech strategies and policies, recently compiled a list of the top Biotech Blogs.

I’m very proud to see that our MaRS blog made this list, and is in some fantastic company.

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Kevin Downing

Kevin currently manages initial client engagements with the MaRS Venture Group. He also administers a federal fund that provides mentorship to start-up companies across Ontario.


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