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The P3I® Tech Hub Difference
How is the P3I® Tech Hub different from traditional incubators and accelerators?The P3I® Tech Hub endeavors to move beyond the structural limit of traditional incubators and accelerators, which are acceleration-centric, and more toward an innovation-centric framework.
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P3I® Tech Hub versus Accelerators
Does the P3I® Tech Hub and prototypical incubators/accelerators have the same objective?While prototypical incubator/accelerator program administrators and cohort members endeavor to adhere to conventionally accepted paradigms (e.g., packaging the idea in a fashion that is in line with that of an investable paradigm), innovation often steers away from the conventional metrics.
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Actual Innovation by P3I® Tech Hub
Do conventional incubators and accelerators produce enough innovation?While the programs offered by conventional incubators and accelerators are quite good, they are effective at what they are designed to do - accelerate matters. In a number of cases, this comes at the expense of actually generating novel ideas and spurring innovation.
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The Atypical by P3I® Tech Hub
What is the Unconventional Nature of Novelty and Innovation?Since prototypical accelerators have limited time and resources, there is a need to quickly evaluate numerous submission/applications; along this vein, ideas that can be explained quickly tend to have a distinct advantage. Ironically, the more novel an idea is, the more difficult it may be to convey it succinctly/understandably. Along this vein, it may also be challenging to evaluate the novel idea via conventional investment criteria.
The Original Idea
Expansion of the Idea
The Spark
The Operationalization
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Prospective Pitfalls along the Journey
What is the Prospective Downside of Narrative Optimization for Innovation?The mentorship that cohort members receive often puts them down a path of narrative optimization. In a number cases, the presentation (rather than the experimentation) becomes central and may dominate efforts. The cohort members may end up expending considerably more efforts on how to explain the idea in a palatable fashion to investors rather than focusing on the experimentation required to determine how the idea can actually work.
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The Value of P3I® Tech Hub
What is the Value-Added Proposition of the P3I® Tech Hub?Whereas typical accelerators focus on the challenge of "How do we make this company move faster," the P3I® Tech Hub is more concerned with the notion of "How do we increase the probability of coming up with a genuinely new invention that has pragmatic value?"The accelerators provide value in structure, milestones, mentorship, customer validation, and fundraising. The P3I® Tech Hub provides value in: (1) serving as a guide for unanticipated combinations of disciplines, (2) facilitating experimentation that meets the marks of peer review, Technology Readiness Level (TRL) advancement, as well as novelty, and (3) providing insights that may differ from conventional wisdom.