On February 20th, BBVA bought Simple, an American online-banking platform, for $117m, in a deal that hints at the potential for innovators to shake up retail banking.BBVA, with €607 billion in assets and 50m customers, believes that traditional banks will soon lose their monopoly on banking.
"By opening up the search for asteroids, we are harnessing the potential of innovators and makers and citizen scientists everywhere to solve this global challenge".
Moreover, the diffusion of digital innovation has lowered the entry barriers for potential innovators (e.g. Bharadwaj et al. 2013, p. 472; Iansiti and Lakhani 2014, p. 92; Yoo et al. 2010b, p. 9; Zammuto et al. 2007, p. 750).
Why not provide at least this much encouragement for potential innovators, at no additional cost to the government?
It's not that the Adult Literacy community has not welcomed innovation, but it's been difficult at times for innovators to see the market potential.
Three distinctive conglomerates were found: "leaders" firms, "innovators" with potential for university collaboration and "traditional" conservative firms.
It would be sad for those potential innovators if they missed out on the benefits of the new treaty and its successors.
Entrepreneurs could develop a website with three main functions: (1) facilitating RI problem identification by patients, providers, and health system leaders; (2) providing a searchable database of promising RI solutions; and (3) creating a marketplace for potential funders and innovators to convene.
While there are areas of the initiatives draft regulation that can and should be improved, the initiative has the potential to create a safety net for consumers, incentives for innovators to develop safer products, and markets for those products.
This event was not only a technology show, but also a platform for innovators to present their ideas to get feedback on their product designs from potential customers and to find co-founders.
Founded by Michael Young, the serial social entrepreneur whose brainchildren also include Britain's Open University and The Consumer Association, the School for Social Entrepreneurs offers training and support to all kinds of potential social innovators.
