innovation

The Social Entrepreneurship and Innovation Competition (SEIC) enters its fifth year with a new name in recognition of a St. Louis community foundation. The competition offers mentoring, business advice and workshops for social enterprise start-ups. Contestants in the seven month-long competition must pass several hurdles before investment awards, totaling thousands of dollars, are announced next spring for the most promising ventures.

SawyerEven as the United States faces the worst economic crisis since the Great Depression, businesses are spending more money on innovation, according to a recent Wall Street Journal report. Keith Sawyer, Ph.D., assistant professor of education and psychology in Arts & Sciences and one of the country’s leading experts on the science of creativity, says that investing in innovation is one of the best ways to beat the recession.

Patent and copyright law are stifling innovation and threatening the global economy according to two economists at Washington University in St. Louis in a new book, Against Intellectual Monopoly. Professors Michele Boldrin and David K. Levine call for abolishing the current patent and copyright system in order to unleash innovations necessary to reverse the current recession and rescue the economy. The professors discuss their stand against intellectual property protections in a video and news release linked here.

Steven C. Hause, Ph.D., senior scholar in the Humanities at Washington University in St. Louis, has received the Innovative Entrepreneurship Education Course Award from the U.S. Association of Small Business and Entrepreneurship for his course, “Economic History and Entrepreneurialism in Modern Western Civilization.”

Three early stage companies received commitments for funding and mentoring support at the annual Olin Cup Awards Ceremony Feb. 1. The top prize of $50,000 went to medical device company Neurolife. Two other companies received $20,000 in funding: Senetric, a company that developed software to reduce the cost of Radio-frequency identification (RFID) sensor networks; and Smart DNA Solutions, a company that offers affordable genetic testing. The $5,000 student award went to Peter Braxton of Neurolife.

Over the past 18 months, many trees have given their lives so that articles titled something like, “Is India the next China?” could appear. But, an equally interesting question a professor from Washington University in St. Louis posed is, “Is China the next India?” These two questions offer a lens through which we might glimpse, however darkly, the economic futures of India and China. And by posing these questions side by side, Professor Jim Little said we can see an interesting pattern emerge: as China moves up the technology ladder, the drivers of its growth are becoming more like India’s. At the same time, India increasingly resembles China’s current economy as it develops as a manufacturing base.

For the second year in a row, the Olin School of Business is offering a course that includes a succession of “celebrity” CEOs as guest speakers. The class, “Creating Exceptional Value: Performance Without Compromise,” is co-taught by Chuck Knight, chairman emeritus of Emerson, and Anjan Thakor, Ph.D., senior associate dean and the John E. Simon Professor of Finance.

The Olin Cup Competition, the annual business formation contest at Washington University in St. Louis, is taking the contest to the people. On Thursday, Nov. 9 at 6 p.m., fourteen semi-finalists will present their business proposals in an “elevator pitch” first to a panelist of judges and then for an audience. Audience members will then vote on which pitch should win.

American companies continue to grapple with staying competitive in the global economy. Increasingly, companies and business gurus are citing innovation as the key to sustaining American business’ strength. What’s not clear is what it means for a company to be innovative. Washington University business professors say the best way to infuse innovation into a company is not by hiring creative people, but by managing innovation in a systematic way. More…

On May 10 at 5:30 p.m., at Washington University — Hilltop Campus, Simon Hall, May Auditorium, the winners of the first-ever Social Entrepreneurship and Innovation Competition will be named. More than $100,000 is available to winners in different categories.