Name: Richard A. Bendis
Affiliation: President and CEO
Innovation America
Country: Philadelphia, PA USA
URL: www.innovationamerica.us
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| "Marathon and Triathlon racing has been challenging, especially when you hit the ‘wall’ but also personally rewarding when you break through it. The same holds true in business or entrepreneurship. Many walls or impediments appear; and it is your knowledge, experience and innovation that enable you to break through that wall."
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| "Our Global Innovation Agenda is energizing. As an innovation architect, I seek to have a positive impact by influencing cities, counties, regions, states, countries continents and companies to become more competitive in ‘innovation-based economy building'."
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| Pearls of learning: |
- Practice patience and persistence
- Those who produce should share the rewards
- Innovate or die
- Fail quickly and move on
- Complacency is one of the world’s biggest problems
- Proof-of-relevance is the new paradigm versus proof-of-concept
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"The formation of a comprehensive innovation lifecycle business model—from discovery to product development to rapid distribution to end-user satisfaction—that delivers success through wealth creation, sustainability, and consumer trust is sorely lacking. There is an innovation capital ‘valley of death’ where investment money is most needed but least available There is a desperate need among a lot of young entrepreneurial companies for seed- and early-stage financing rounds—and that capital cannot be found
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