The “I” Word

22.02.12 | HBSMax MartyPeter ThielUMass BostonVCangelgreenwichharvardhedgiesinnovationsciencestamfordstanfordtechnologyventureyaleblueseed

They’re everywhere- innovation labs. Is this America’s way to stimulate business amid a long recovery? Gone are the days when patent royalties were a bonus - universities seem to have no choice but to encourage “innovation” and thereby many big name schools are devoting space and money to new I labs. Many wealthy entrepreneurs and major cities are also committing funds with the hope that incubators will lead to revenue and job creation.

In the academic setting, it will be interesting to see how this plays out because some science genres are more conducive to commercialization while other lay the groundwork for future generations’ work, which may be deemed “innovation.”

Pop the top for info on various i labs. Who will win? Maybe we should ask the Broads to judge a contest with Thiel, Zuckerberg, and a few Silicon Valley and Alley directors and lawyers. But then we’d have a really tough decision to make: which coast would the contest be on?

Blueseed - Floating Incubator Leave it to Paypal Founder and Facebook Investor Peter Thiel to fund a boat-based incubator. Yes please! Thiel helped seed the idea developed by CEO and co-Founder Max Marty. I’m sure the INS is thrilled. I’m just wondering if they’ll take Americans.

Harvard i-lab It seems Faust is trying to bring the talent at the many Harvard schools together through the i-lab.

Y Combinator - Startup bootcamp if you’re lucky enough to get in. The advice is allegedly more valuable the financial investment b/c ~$17K for 6% equity seems a bit high. Their FAQ section is quite informative.  

Connecticut -not quite as storied as Mass., dreamy as Cali, or hip as NYC, this tri-state member sits in the shadows of NY but CT is home to plenty of suits from the bankers in Stamford to the hedgies in Greenwich. The NYTimes posted this piece on a new I lab. 

Stanford StartX, formerly SSE Labs The word “innovation” need not really be used in the Silicon Valley, land of the dreamers. It’s assumed, along with office attire that may = flip flops and tees.  

UMass Boston Venture Development Center As the school works to improve the image of the business school, they also tout the Venture Development Center, which offers space to budding science and technology entrepreneurs, among other perks.

I could go on but this handful is enough for now. Again I wonder is there room for Boston in this startup scene? Silicon Valley (CA), Silicon Alley (NY), and Silicon Harbor (MA)? Doesn’t have a ring to it but let’s keep the faith…