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Entries posted by tom.duening

Ignite event celebrates ‘healthy chaos’

The local entrepreneurial community has achieved what I believe is a “healthy chaos” of activities, networking events and startups. Over the past year we’ve seen a lot of new initiatives that piggyback on best practices of other leading entrepreneurial communities. In February the El Pomar Institute for Innovation and Commercialization (EPIIC) and Peak Venture Group… Continue Reading Ignite event celebrates ‘healthy chaos’

Branson lessons: How we can learn from clusters

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Economic development specialists are familiar with the concept of industry clusters. Locally, there are a number of task forces working on industry clusters ranging from sports to biotechnology to software. The Operation 6035 report suggested a variety of clusters that could be developed in the Southern Colorado region. Of course, the question left unaddressed in… Continue Reading Branson lessons: How we can learn from clusters

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The economic development research is increasingly united around the finding that industry clusters are critical to long term, sustainable growth. This is not news to the economic development leaders of our community. Most of the studies, reports and consultant reviews have advocated cluster development. What seems to be more at issue is where to focus… Continue Reading Springs should focus on improving its sports and outdoor economy

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Innovation and entrepreneurship are often assumed to be one and the same. In reality, they are different things, and a clear understanding of the difference is vital to building successful ventures. Innovation comes in a variety of forms. Many new ventures are based on new product or service innovation. This is the most commonly recognized… Continue Reading Taking a look into innovation and entrepreneurship

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I am often asked to assist people in the evaluation of an entrepreneurial opportunity. A prevailing belief is that entrepreneurs are good at identifying and exploiting market opportunities, as if such opportunities somehow exist with or without the entrepreneur. A related belief is that if one simply improves at recognizing opportunity then one can become… Continue Reading Opportunity can be stifled by ‘analysis’

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A surprising hotspot for angel investing

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I recently attended the Angel Capital Association Summit in Boston. It was the fourth time I’ve been to the event, and I must admit that I’ve seen remarkable growth and maturation of the event and the ACA over the years. The Boston Summit was by far the best attended, with more than 300 participants filling… Continue Reading A surprising hotspot for angel investing

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Entrepreneurship is for everyone

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I stand corrected. That’s one of the luxuries I have as a university professor. In my profession, we view it as virtuous to be wrong and to admit it. I admit that I was wrong. I do so not to garner any accolades, but rather to give myself the opportunity to advocate for a new… Continue Reading Entrepreneurship is for everyone

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