How Local and Global Innovation Works: Sharing Session with Michael Goldberg (an Experienced VC-ist)
Note: This article is published in my LinkedIn and thankfully this article was featured by LinkedIn Pulse!
Before I wrote this post, I have article topic suggestion from LinkedIn that related to global innovation, about interesting condition that tech companies in the U.S are urging the next U.S. president to support the hiring of more overseas engineers — #H1Bvisa.
I’m agree for that, basicly because I believe in every countries in the world there are many different experienced talents, and we’re facing the next globalization that is more borderless global society that can be working anywhere, including U.S.
Cited from the BloombergView article about U.S immigrants thrive, I’m also agree that the U.S. should be harnessing the power of its immigration system to recruit scholastic stars from all over the globe. An economy with more smart, dedicated, ambitious people — no matter where they come from.
While taking this morning breakfast, I’ve idea to share my experience when I attended entrepreneurship sharing with Michael Goldberg, an experienced venture capitalist and international business leader and also Coursera lecturer, that invited by U.S Embassy Jakarta on the last week. We had interactive discussion — and the fun part is when he asking, “What is the famous products that Indonesia have?” then we answer, “Indomie (instant noodles)” before explaining what is Go-Jek, iGrow, TaniHub, etc.
He has appeared as a frequent guest panelist on MSNBC’s “Your Business” and written on international entrepreneurship for CNBC, Entrepreneur.com and The Huffington Post. You can view his profile here https://weatherhead.case.edu/faculty/michael-goldberg.
This sharing session event is held by MyAmerica program for student and startup founder that passionate to know more about venture capital and enterprises financing system. Luckily, I’ve got the invitation one week from IRC before the event day and I’m invited my friends to attend too.
This sharing session isn’t taking long time — It was just three hours estimately, but I’ve got the new insights especially about how local and global innovation works — even though the theme is about financing system.
When he was opening the session, he started talking with amazing story of his serving as a mentor to entrepreneurs through Jumpstart and FlashStarts. Then he continue with study case in one of historical city in the U.S that was Cleveland, OH.
Cleveland is one of historical places that U.S has, because this city is the part of 19th century industrial revolution. In 19th century, the heavy industry and manufacturer based-industry surrounded among the entire city and the world. Andrew Carnegie, the U.S industrialist, is the figure that developed his empire industry there.
Then the times has changed. Nowadays, the heavy industry is not only the part of global evolution in economics or business. Recently, we beginning the new age of digital, information, and technology in the last 20 years. That mean, that was the problem for Cleveland as the industrial city. Since the Sillicon Valley innovation disrupting the market, Cleveland as industrial city did not going well facing their fast-paced innovation. Cleveland’s city rank productivity declining to 46 from top 5 in the past 20 years. The local government must doing something.
So that in year 2005 local government started the action plan that developed by entrepreneurs, consultant (including McKinsey), and also innovators arround the U.S to make how Cleveland great again. Then JumpStart was born.
“Fostering entrepreneurs, building ecosystems and impacting economies.” — JumpStart
JumpStrat mission is to create the sustainable innovation and productivity for the local and possibility for experienced international talents. Maybe we can call it something like startup incubator or accelerator. The result is this program are successful for the city itself. Not to mention this city have dream to be the next SV, but I’m seeing there is have opportunity to do for the specific creative industry, that’s medical startup. This is an example way for making a city grow up.
Did you see something for Indonesia? I wonder that role model can be applied also to the local city in Indonesia. No matters what backgrounds we are, where our born country, if you have breakthrough idea and government supports you, that means we can make it happen. I ever written about how library should be working as innovation centre opportunity (I think it has relevancy on this).