Proliferation of Start-up Firms

Start-up companies are extremely active at the frontier of applied science. Their origins are diverse, but the following scenarios are most common: Spin-off from a public research organization. Prior to the effective creation of a start-up company, the team is often incubated in source public research organization. Today, entrepreneurship is strongly supported by most governmental agencies. Direct or indirect spin-off from an existing company. When a project is determined to be outside a company’s strategy but the project has strong potential, its champions are sometimes allowed to pursue the project on their own by forming a start-up firm. In such case, the existing company typically retains a stake in the spun-off start-up firm in order to reap a benefit from

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Flash Food of Data

This article is the fourth of a series about knowledge acceleration and fragmentation, after Knowledge Flood and Change Acceleration, Knowledge creation : Globalization and Exponential Growth, and Acceleration of Change. We often read flabbergasting announcements on an incredible growth rate of what is mistaken as knowledge. These announcements come from the Big Data battlefield, and we will take this opportunity to cool down from the excitement of those announcements and return to some clear definitions. Knowledge does not double in less than a day; those who make statements that it is doing so are mistaking knowledge for data, which may indeed be doubling that rapidly. Data should not be confused with information, which is a coherent and meaningful set of data, or

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Acceleration of Change

This article is the third of a series about knowledge acceleration and fragmentation, after Knowledge Flood and Change Acceleration and Knowledge creation : Globalization and Exponential Growth. I assert that continued growth is essential to the rational and empirical character of scientific knowledge. (Karl Popper) Knowledge is expanding at an accelerating rate. Because knowledge and innovation go hand in hand, the rate of innovation is also accelerating. New products and new technologies are reaching the market today at an impressive rate, faster than ever before. The same is true for product life cycles, which are becoming shorter and shorter[1]. Industries that are accustomed to designing product platforms that can support several product generations are struggling to cope with the rapid rate of

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