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But today, thanks to a project called "Infoville", Valencia is on the way to becoming one of Europe's first "smart communities".The government of Valencia, working with Oracle, a software and consulting firm, conceived Infoville not just as a local government website, but as a portal that would combine a broad range of services from both the public and the private sector.
Klein, 40, who left Skype to join a venture capital firm, conceived Seedcamp after being underwhelmed by Europe's early-stage pickings.
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Damian Bazadona, president of Situation Interactive, an online marketing and advertising firm that conceived of the Twitter performance, said that text messages have avoided marketing the play explicitly by, say, offering ticket discounts.
And while the machine says "Made in China," the lion's share of its value and profit goes to the firm that conceived the idea and orchestrated that supply chain — Dell Inc. in Texas.
Blame the Italian firm that conceived it, says Sir James, and the European banks that lent the money (by now, $60m, with rolled-up interest, on his government's shoulders).
Epoch, a fledgling firm in San Francisco conceived by executives of the Charles Schwab Corporation, has gained attention for its efforts to distribute more shares of initial public offerings of stock to individual investors.
The firm was initially conceived as the venture capital arm of Northstar, which manages some $2 billion in assets with a focus on Indonesia.
Tihany runs a boutique firm that has conceived interiors for more than 300 restaurants and boutique hotels, including New York's Per Se, Jean-Georges Vongerichten and Le Cirque.
Plenty of firms have been conceived or launched in Seattle, only to be lured away to California or New York by the song of venture capital.
Coase (1937) conceived the firm as a governance structure, a provocative break with the then orthodox view of the firm as an uninteresting 'black box' production function.
A new firm, Giuliani Partners, had been conceived.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com