Singularity University’s Global Startup Program
The Singularity University (SU) is Ray Kurzweil’s and Peter Diamandis’ attempt to bring about radical planetary change for the better. The SU’s Global Startup Program is a boot camp and training program for entrepreneurs who want to create disruptive innovation to bring about a better world.
Entrepreneurs will be shown the power of converging exponential technologies to solve big challenges and make broad “billion-scale” impact.
Singularity University will help train and inspire entrepreneurs to create unique moonshot ideas. Entrepreneurs will then learn how to execute on those ideas to create new industries and support ecosystems. The ideas will be shaped into plans with a focus on rapid scaling and being dynamic. __ Brian Wang’s NextBigFuture
SU’s Global Startup Program (GSP) is similar to a “startup incubator.” In the US alone, there are over 1,000 startup incubators. Not all of them have such grand goals as the SU’s GSP, but it is impossible to predict at the outset what the final outcome of a project may be.
The Startup Incubator Idea
The most famous incubators provide mentoring, business connections, and seed capital. Some examples of the best startup incubators from 2017.
… incubators “incubate” disruptive ideas with the hope of building out a business model and company… incubators are often more focused on innovation. __ Accelerators vs. Incubators
Many incubators occupy specific locations, and require startups to re-locate in order to interact with mentors and an established business community. Other incubators are able to work with startups in multiple locations. “Virtual Incubators” can be global in reach:
One Million by One Million is a global virtual incubator that aims to help a million entrepreneurs reach a million dollars in annual revenue, thereby creating a trillion dollars in global GDP and ten million jobs.
They offer a case-study-based online educational program, video lectures, and methodology, online strategy consulting at public and private online roundtables, as well as introductions to customers, partners, and investors. The public roundtable is a free program accessible from anywhere in the world. The rest of the services are paying members only. __ 12 Best Startup Incubators 2017
The incubator concept is scalable, and one can find incubators for all types and sizes of startup. Some incubators will help with finding seed capital and organising rounds of financing.
Seed funding is the earliest stage of venture funding. It pays your expenses while you’re getting started. Some companies may need no more than seed funding. Others will go through several rounds. __ Source
Others will provide workspace, mentors, evaluations and advice, business and financial connections — but leave the actual buildup of the business to the entrepreneur.
Disruptive Innovation Has to Work to Be Disruptive
Most business startups are doomed to fail. Failure is a necessary part of evolution in business as well as evolution in life. Persons who receive a good upbringing are taught to fail early and often in order to discover how to learn from each failure.
In order for an innovative startup to be disruptive in the real world, it has to succeed in business. No amount of seed capital, mentoring, good advice, wishful thinking, or connections can guarantee that a business will succeed long enough to create disruption. We hope that the Singularity University tells its students this basic fact before it begins to fill their heads with cosmic dreams of grand technological disruption.
Incubators Go Beyond Funding
We recently looked at a range of sources of startup capital for entrepreneurs. But obviously much more is required beyond mere capital. Here is a list of some of the most common services provided by incubators:
Help with business basics
High-speed Internet access
Accounting/financial management assistance
Access to bank loans, loan funds and guarantee programs
Help with presentation skills
Connections to higher education resources
Connections to strategic partners
Access to angel investors or venture capital
Comprehensive business training programs
Advisory boards and mentors
Management team identification
Help with business etiquette
Technology commercialization assistance
Help with regulatory compliance
Intellectual property management and legal counsel __ Startup Incubators
There are no guarantees in business, no matter how good the intentions or how grand the goals. Disruptive innovations cannot be made to order, with enough seed capital and good advice. To be truly disruptive, the innovation must be well planned, well made, and lucky enough to fall into an ecosystem of commerce and rule of law that provides the complimentary ingredients necessary for success.
Some of the best ideas for nuclear fission and fusion reactors, for example, will fail if the necessary materials for their construction are not available. And so on.
Almost all Predictions Fail
Like most business startups, most visionary ideas and predictions will fail. All the more reason for humans to generate a lot of ideas and a lot of startups. This is possible in countries of the Anglosphere, Europe, or free Asia.
In Venezuela, South Africa, or Zimbabwe, corruption kills the seeds before they can sprout.