Excerpted:
Innovation bringing about the next Michigan
Audio of the "Destination: Innovation" event in Troy, Michigan
Related podcasts:
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- Innovation requires a lot of variation - a lot of diversity, lot of touch points, a lot of pushing and shoving in a positive and constructive way…
- The more things are aligned, the more they create efficiencies and standards.
- But they eliminate variation, that is what fuels innovation...
---from Jeff DeGraff's podcast about how Michigan lost its edge
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Photos from the event »
TROY, Mich. (WWJ) -- What will it take for Michigan to get its economic groove back? At WWJ's "Destination: Innovation" Business Breakfast in Troy, business and University Research Corridor leaders agreed that entrepreneurialism is the key.
During Thursday's event, WWJ had a chance to hear from some of the top minds in Michigan about how we can bring new business, new technology and jobs to our state.
Judy Johncox helps turn ideas into action at Wayne State University's TechTown. She said the key to being an entrepreneur is to surround yourself with other idea people.
...Jeff Mason is Executive Director of Michigan’s University Research Corridor, which is a collaboration between the state's three largest universities. "We've lost some of that 'mojo', if you will, in terms of innovation and entrepreneurship," Mason said.
...In order for Michigan to regain it's entrpenuerial spirit, University of Michigan Business Professor Jeff DeGraff said we need to get back in touch with our "inner Henry Ford."
"[We had] a hundred years of tinkerers and inventors and builders, and 'can do', and a sense of destiny -- I think that one of the things that happend in the 80's, in the downturn, is things got very conservative here," DeGraff said.
DeGraff says he sees these can-do people coming out of his classrooms. The roblem is, they take their amazing ideas out of Michigan. And DeGraff says that has to change.
...Rich Sheridan, CEO of Menlo Innovations...says...Michigan needs to "move away from an economy of entitlement and move toward an economy of entrepreneurship." Sheridan says, in his business, he loves to see creative conflict arise in the conference room, which, he says, fuels innovative ideas.
Experts to discuss how innovation can jump start Michigan's economy

via
urcmich.org