

How to increase success of your innovation projects - Hussam Ayyad, Highline Beta
7 snips Oct 4, 2021
Hussam Ayyad, a prominent leader in Canada’s innovation scene, discusses the essence of fostering a culture of innovation beyond mere initiatives. He emphasizes the critical role of public-private partnerships in nurturing the startup ecosystem. Striking a balance between strategic collaboration and leadership alignment is vital for success. Hussam also highlights the necessity for ongoing investment in innovation and prioritizing action over mere storytelling in leadership. His insights provide a roadmap for both startups and corporations to thrive amidst evolving challenges.
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Open Innovation Defined
- Open innovation means accepting that not all smart people work for you.
- It involves looking outside your organization for ideas and creating inflows of knowledge.
Level Playing Field
- The innovation playing field is now level due to increased access to knowledge and resources.
- Startups and large companies have similar resources for development.
Bell Labs vs. Sony
- Bell Labs invented the transistor in 1956 but took 10 years to commercialize it.
- Sony, a smaller company, utilized the transistor much earlier, highlighting that invention is not innovation.