Innovation

Vintage illustration of an 'electronic car of tomorrow' driving on a city highway, with electronic display and guidance, 1950s. Screen print. (Illustration by GraphicaArtis/Getty Images)

OpEd: Cities must plan ahead for innovation without leaving people behind | TechCrunch

Transparency, data privacy and collaboration are critical to urban innovation Yung Wu OpEd (TechCrunch) 8:30 pm EDT•July 21, 2019 From Toronto to Tokyo, the challenges faced by cities today are often remarkably similar: climate change, rising housing costs, traffic, economic polarization, unemployment. To tackle these problems, new technology companies and industries have been sprouting and scaling up with innovative digital solutions […]

by Yung Wu × July 21, 2019 × 0 comments

Inertia Kills … Velocity Wins

Yung Wu is CEO at MaRS Discovery District. Under his leadership, the companies MaRS supports are advancing prosperity through entrepreneurial achievement. Located in Toronto, Canada, MaRS is the world’s largest urban innovation hub. Q1. When you reflect upon your career path, is there a defining moment that influenced where you are today? I have been fortunate to have had more […]

by rgboar1017 × February 7, 2019 × 0 comments

OpEd: It’s time for industry to step up and embrace fixing climate change | FastCompany

The technology is there, why not the will? Yung Wu OpEd – FastCompany Nov 26 2018 Confirmation of a rapid rise in renewable energy and a decline in coal use should be cause for celebration. Instead, the upbeat forecast issued by the International Energy Agency in its annual report also came with a negative outlook on climate change. While renewable power […]

by rgboar1017 × November 26, 2018 × 0 comments

A cropped shot of hands painted to look like the earth

To actually change the world, Big Tech needs to grow up | TechCrunch

Yung Wu OpEd TechCrunch 4:00 pm EDT•October 30, 2018 Image Credits: Yuri_Arcurs “Fierce competitor” is one of the biggest, and most culturally ingrained, compliments that exists in sports. The same is true in the technology world. However, as competitors originating from outside of Silicon Valley rise, so do the stakes for previously unchallenged tech firms, like Uber,Facebook and Google, to enter new […]

by rgboar1017 × October 30, 2018 × 0 comments

The fallacy of the BIG IDEA …

On many occasions, I’ve been approached by friends, associates, acquaintances, who want to know what the “secret sauce” is for building a great business. Most of the time, the questions center around “how do I come up with the one, big idea?”. I’ve come to the conclusion that most people who think that they would like to become entrepreneurs, don’t end up doing so because they waste so much

by Yung Wu × April 20, 2014 × 0 comments

Here Is What Is

Entrepreneurs are different–people who see possibilities where others see limitations. But best ideas seldom win, and paraphrasing my friend Daniel Lanois in his film “Here is What is”, people would be surprised how much Creativity comes from Shit. Put into the context of how startups evolve into successful companies, it has become clear to me that the key to later […]

by Yung Wu × February 26, 2014 × 0 comments

Enterprise innovation cycle (the next “wave” on a Rising Tide)

Most Enterprises have taken their medicine over the past 4 years, since the big crash of 2008, and don’t have much more room to optimize performance through cuts and austerity measures alone. Our bets are that Enterprises are cautiously and selectively starting to explore CAPX and strategic investments — especially in areas that can drive customer acquisition and growth. New […]

by Yung Wu × August 26, 2011 × 0 comments

Long live entrepreneurs !!!

Perhaps a contrary point of view, but I believe that the current market and economic turmoil makes it a very exciting time to be an entrepreneur and to bet on entrepreneurs, and will eventually be quite beneficial to their businesses. Gone are the days, especially in the B2B environment, when customers can afford to ignore a “better mousetrap” (especially where they drive in-year cost reductions or productivity improvements), or make