When we launched our first startup accelerator program, in San Francisco in April 2014, little did we know that we may end up as a global innovation know how transfer and business model development provider. It all started in 2015 then when we crafted our first methodical approach to create disruptive business models. People began to ask “How do you think?” It was a very difficult to answer question. Approximately 2 years of research and continuously observing our own ways to craft new ideas got us ever closer to understand certain prerequisites, steps to undertake and methods of thinking. In 2019 We began to realize that methodically guided thought processes show far better results than the random ideation and brainstorming processes. It felt a bit like the difference between randomly hitting piano keys and hitting them in a structured order. When hitting keys, we see our hand, get haptic feedback and kind of know what we do.
But we don’t really know – yet – how we trigger our nearly 100 billion neurons. Some recent research suggested it’s around 86 billion. Now these neurons can connect with other neurons via as many as a quadrillion synaptic connections – that is 1,000 Trillions. And we actually don’t need to. We don’t need to know what each transistor in a microprocessor does, as a coder we need to know a language that creates code and let a program does the job. Very similarly we need to know a language or method that triggers the brain’s trillions of synapse through the neural network. With that understanding we started to model ways to create innovative and disruptive concepts with an astounding high success rate.
The Growth Accelerator and the brand new Entrepreneurs Academy are now open for applications.
Lots of news:
- Updated Growth Accelerator Program
- New Entrepreneurs Academy
- Partnership with World Innovations Forum
Updated Growth Accelerator Program
we added a new session INNOVATIVE THINKING based on our experience with “Disruptive Business Model Development”. It’s all about thinking out of the box, creative, big… but how do you actually shape your thinking process? In this new session, we teach you how to actually think innovative.
Admittedly – our all online accelerator program failed in emerging countries. Hence we are back to the former and highly successful “hybrid model”, consisting of a one week bootcamp and 10 weeks online program.
New Entrepreneurs Academy
Between fall last year and now we developed an all new Entrepreneurs Academy program. This is thought to be a precursor to the growth accelerator. It covers the key topics of entrepreneurship, company purpose, team development without a budget, business concept & funding, and so forth.
Partnership with World Innovations Forum
The partnership with the World Innovations Forum Foundation allows us to give stipends with substantial discounts, up to 99% to attendees from emerging and developing countries. It may also allow us to provide stipends for teams in developed countries with special conditions.
OK, you’ve had an idea, you filled in your business model canvas template, wrote a business plan using other templates, you experimented with all kinds of ideas and ways to run your startup. You probably pivoted many times and did everything you learned at school. Great.
Now trough all this away and start building your real businesses. Create a highly compelling vision that attracts top talents you would never get otherwise, attract customers and partners and also investors. Create a robust and disrupting business model followed by an aggressive go-to-market strategy. Stop pivoting, Drive an insane growth curve at all cost – speed is more important than perfection. Disrupt yourself and everything all the helpful instructors and mentors told you. Welcome to advanced entrepreneurship.
Enjoy this podcast – advanced Entrepreneurship in 20 Minutes.
A 3 day global online live event
Today we concluded an amazing 3 day innovation and entrepreneurship power play. Over 500 attendees from over 40 countries joined the online live event and in local ‘public viewing’ events.
Albania, Argentina, Australia, Austria, Azerbaijan, Belgium, Brazil, Canada, Denmark, El Salvador, Germany, Ghana, Greece, Hong Kong, Hungary, India, Israel, Italy, Japan, Liechtenstein, Lithuania, Macedonia, Nepal, Netherlands, Nigeria, Mexico, Norway, Peru, Portugal, Romania, Russia, Singapore, South Korea, Sweden, Switzerland, Taiwan, Ukraine, United kingdom, United States, Uzbekistan, Vietnam.
From physical to digital
What’s the secret sauce for the success? The whole event was online. Last minute we changed the whole format from a physical event which would have been only affordable for the wealthy countries to online – and made the access for free for all attendees. The cost to organize the event was significantly lower, we did not need to fly in 500 people – and feel good about the savings in negative environmental impact, carbon footprint and more than ten thousand hours in aggregate for none productive preparation and traveling.
Live Online Pitch from Nepal
Live presentation of a team of scientists who developed a new method to easily test animal pregnancy and getting results within hours. They don’t need any long lasting clinical tests anymore which would not be economically feasible in many countries. Startup winner from Nepal.
The Whole Ecosystem was here
It was extremely interesting to see innovative startups from various industries, tech, biology, health, and more to present. Investors discussed national and international investment strategies, valuation differences and due diligence processes. Enabler such as incubators, co-working spaces, accelerators, mentors and technology and service providers shared their point of view and how startups from around the world could just go to any space and any enabler and receive help when going global. Government representatives and ambassadors shared what it takes to enter a country and how they can help to make the start and the stay easy and convenient. The 58 sessions in a highly intense 15 minute sequence was a firework of information.
Hot Investor discussion
Investors from all backgrounds explain investment strategies and experiences. Why investing in international startups is attractive but also the obstacles on the legal and taxation side are to be understood. Discussions about valuation, due diligence and what investors expect, how they evaluate and select startups and the best ways for startups to find investors.
Public Viewing of the otherwise global online event
Our ambassadors in Japan, South Korea and Nepal organized global viewing events. The global online event was supported with local on-site events to foster the regional and global community. The Japanese team together with Fabbit, a leading co-working space, organized the perfect show (see below).
Live presentations – streamed around the globe.
Here a startup in Japan is presenting on stage, the event is live streamed to all attendees around the globe, our Judge located in Switzerland listens and asks questions about the presentation. 500 people in 43 countries watch, learn and share.
Going Global – What can be done
Ambassadors from Japan, Vietnam and the team in Switzerland share how startups from around the world can travel around the world and ramp up a business in a new country possibly even within a few weeks.
Amazing Technology – literally from the kitchens of the future
Russian startup presents a new night vision technology, which is very affordable, light weight and easy to install in the next generation of automobiles. Imagine traveling at night and you can watch the scene almost as if it is a bright day.
A new dimension in high tech conferences
There was never any innovation conference of that diverse and complete audience from the whole ecosystem, on a global scale run all online over multiple days. And to be quite honest – most people found it a bad idea “conferences are networking events, it will never work online”. We kind of agreed but we still needed to try (The risk of regretting not trying is greater than the risk of failing). The dynamic of this first little conference is the spark, helping us to completely rethink global conferences.
Where we are going to take it from here?
- Strengthening and growing the global community
- Building the necessary platform technology and blockchain for permanent connections
- Engagement such as discussing individual challenges, questions, ideas, marketing, acceleration, going global and countless other topics.
Please JOIN the community.
Thank you, attendees from 40+ countries, S3-Ambassadors from around the world, speakers, investors, enablers, supporters, and the Society3 dream-team! Also thank you Swisscom for a rock solid 1 Gigabit glass fiber connection directly onto our desk – wow, flawless.
Today we may debate whether or not a robot will ever be superior to a human. Superiority has many angels. And a robot may not catch all of them. But in the basic work life, it is different. And maybe one robot may not be as good as a human – but a whole range of networked Artificial Intelligence-based robots will outperform us in almost any segment of work on all levels and all industries !!!
Our single biggest disadvantage
The vast majority of humans, still today, keep knowledge close to their chest. Sharing of knowledge, experience, and mistakes is not our biggest strength. Sitting in a corner, thinking through the permutations of what happens with a machine in certain circumstances – is our biggest strength. But we know that our brain capacity is not unlimited. As long as we continue to share only if really necessary, think for ourselves, hope we earn special attention for our knowledge – we are in danger that all our jobs get eradicated before we adapt to newer better behavior. Our physical limitations are too weak to stand up against a series of highly developed AI networked technology – whatever we call it.
We are what we got introduced to by our cultural frameworks. Our parents teach us to be humble, not to share our experience unless it is necessary, to experiment for ourselves until we are sure that our experiments are successful. We are conditioned to not talk about things that are still uncertain. Our communication prison is huge. Some cultures however advanced already. And the most interesting thing is that it was actually that very advancement that brought the AI / Robotics technology to life – Silicon Valley. Now some may argue it was elsewhere and so and so already had developed that first version of AI years ago. Well – so sorry to say that, an innovation has absolutely no value unless it is brought to a broader market. “The initial value if any innovation is zero”. Without cultural advancement, we will maintain that widening gap between developed and emerging countries. As long as emerging countries do not embrace more openness, a culture where failure is not just OK but actually good and a key part of learning – the country will remain to be an emerging country.
Artificial Intelligence, biggest driver for human advancements
Humans have one extraordinary ability: humans can adapt to new situations within one and the same generation. No other life form can do that. Big Data is giving businesses who leverage big data a huge advantage over others because they simply know better and faster what is going on. If we learn that networked AI systems will be able to tap into those data and create analysis, able to make decisions and derive strategies from the results, They will be ahead of us and we will essentially do what they suggest. We can’t even verify in time so we simply go ahead and do it. Yes it’s still a tool – but we do what the tool is telling us what to do without even being able to debate it. But we will learn one thing: if we connect our brains we get a whole new edge – maybe beyond our own imagination.
Experiment at Society3 World Innovations Forum
Imagine we do what these AI networks do and network our brains, very simply on a daily base by sharing, communication, analyzing our own mistakes and come to new conclusions every day? The collective intellect when really in action has unknown and incomprehensible reserves. The least we can do is to explore them. And it is almost for free. We only have through some of the old cultural remains overboard. At Society3 this is exactly what is going on right now. Society3 is building a digital layer across the globe that exists to connect people and their ideas, challenges, questions and answers together. https://society3.com We are not here to win a competition with AI-based robots but simply bring human entrepreneurs to a level that has never seen before.
The post Why today’s human minds are incapable to outperform AI appeared first on Society3.
All have one thing in common: The somehow learned how to attract investors, had their story down and knew how to talk to investors – where ever they are.
Over the past 4 years we had startups from all over the planet in our accelerator and 50% got funded (the highest funding rate in the startup world).
Now we are starting to run free pitch events – ONLINE. These live events shall allow any entrepreneur, wherever they are on this planet to attend. No more traveling for entrepreneurs training.
Next training June 5 in all time zones! read more
We envision a world where prosperity is possible for all nations by increasing innovation and entrepreneurship locally.
Since we can’t get every entrepreneur in the world to come to Silicon Valley – Silicon Valley needs to come to the world – for free.
Please help spread the word, in particular in those countries where entrepreneurs don’t have easy access to capital. https://s3buzz.com/ntd5xx
In my previous two blog posts I shared a base view and two examples. In this post I will share some ways to get to a state of the art level of digitization in your business.
As stated in the previous blog post, computerization or digitization 1.0 started in the 1960’s. With rare exceptions, most businesses are fully computerized. Computers, smartphones, Internet and the corresponding software are simply the underlying infrastructure for digitization. In my follow on blog post, Digitization is a mindset, I described the effects based on the two examples: Amazon and Uber.
Find out your degree of digitization
The degree of digitization today, can also be seen as a collection of individual and unique competitive advantages. If you like to further explore full digitization of your business you may want to use the following guidance:
- Think in degrees of digitization?
– Digitization is not a have or not have. It is a sliding scale from basic to medium, to good, to excellent
– Can you identify the degree of digitization in your business?
– Do you have a customer advisory board you can work with to increase the level of digitization?
- Modern Business Culture?
– Digitization is a mindset and requires a modern, open minded and transparent company culture.
– Do you have an executive team or business owners who don’t want more transparency and rather keep everything close to their chest?
– Do you have an old style sales and marketing culture that prefers to deliver information only on request and see it as a special value rather than an obligation to freely provide it such as pricing etc.
- What is your logistics integration look like
– Do you still need to manually enter orders, requests or anything else?
– Are your customer and business partners able to access any record of their transactions online?
– Can your customers see the order or return progress at any time online
– Can your customers access business history with you online?
– Are there any rewards systems for customer activities?
- How deep is your sales channel all the way to the individual consumer integrated in your digital presence?
– Are your direct customers, business partners, vendors, supplier all the way to the individual end user of your products or services fully integrated in your digital presence?
– Can any of your customer access their own data easily in your system, maybe change their names, email addresses etc? Can they see the products they have and the services they can acquire?
– Do your customers have access to all the manuals, service descriptions, pricing, spare parts etc.?
– Do you have a customer community where your customers can meet and exchange experiences?
– Do you know if your final end consumer is interested in finding out more information from you?
– Do you have any form of relationship escalation between the end consumer, sales channels, yourself and maybe suppliers of yours?
– Are customer rewarded when they mention you online on public networks?
- What services, knowledge and information can you provide completely paperless?
– What is the degree of paperless information flow from brochures, to orders, invoices, or contracts?
– Do you still require a hand written signature on any document?
- How many technological channels do you support today?
Is all the information available on classic websites, do you support mobile devices, do you have dedicated mobile apps, is information exchange possible via social media?
Each and every act of digitization 2.0 should be considered a unique and individual competitive advantage. If it is not a competitive advantage it is probably just a regular digitization 1.0 measure to run your operation.
Obviously the above are only some samples of obvious digitization measures to increase your degree of digitization and creating unique competitive advantages. True so called “disruptive moments” in your business model, network effects and other topics are rather individual to your specific business case.
An economy is like an engine. Nothing that just comes and goes in unpredictable cycles. If the economy is “high” it basically means it fires on all cylinders. If it is low, it runs at low speed, maybe spotty, maybe some get even stuck. Obviously their are many moving part in such an economy engine but one thing is for certain – it needs energy – ongoingly because even an economy is no self propelling wonder thing.
What can we learn from the energy industry?
Renewable energy is the ultimate key to success. If an economy is built on raw material that comes out of the dirt, well, that economy has a very defined life cycle. Like energy, also an economy need to have a resource that is renewable!!! If it is built based on the fact that a country is simply hot to catch-up with others, it makes a lot of sense, till the day it is there. If an economy is built based on ridiculously low credits, well it will break one point, or based on the fact that a country prints millions of dollars per day… Like anything that needs energy, also an economy needs a renewable resource.
We do need a renewable energy to fuel an economy day in and day out. The best renewable energy we have today are – believe it or not – start-ups. Start-ups create new products and services, which in turn creates possibly all new markets. Start-ups work by breaking all rules, not caring about a past, not worried about structures and all the cumbersome aspects of a large global behemoth. As a result: Start-ups are the ultimate innovators. Over a million start-ups exist around the planet and innovate – every single one of them. Start-ups are the key to an economically healthy nation. May more start-ups propel our economy.
What Society3 can do for start-ups
Start-ups need money and there is actually plentiful available from VCs, Angels and industrial investors. Start-ups need a place to work from and ideally have a seeding ground where they can tap into many adjacent resources; Incubators are a great place to get that service.
Once the first prototype is developed, very quickly start-ups need to get their great innovation to as many users as possible. No matter what they developed, medical devices, new types of batteries, software, hardware, new pharmaceuticals or just new ways to do other things, most start-ups lack of the marketing power, the budgets and even the ideas how to bring those new things to the market. More importantly they need to develop trust so that those who are naturally skeptic begin to consider what the start-ups created.
S3-Buzz can help them, get the word out, at a near zero budget and actually develop trust through their friends and advocates. As a company we decided to support start-ups from around the world as much as we can. We provide our technology at the lowest possible price and even develop additional services to help them grow. We believe helping start-ups grow is as important for the economy as finding renewable energy for the industry.
We put together a Startup Buzz Program and make it available immediately. It may have some kings we need to fix but we believe we better get going now.
P.S. If you like it, please help buzzing about it