Vinny Lingham is speaking right now on a panel about how policy initiatives can affect innovation. Here's my summary of his points:
"Are the right incentives in place at educational institutions to promote entrepreneurship?
Currently, students have more incentives to stay within the academic setting than to break out and start a company. They are presented with a tough choice. It's very similar to poker, where you have to look at the pot odds and compare to the chance of making your hand. Students must look at the chance of their start-up succeeding and weigh that against the benefits of staying within school.
Educational institutions could offer incentives to support students who decide to become entrepreneurs, such as:
- Investing in the student's start-up, to get IP from in-the-classroom to be "fundable"
- Giving academic credit toward their degree for the commercialization of the student's technology
- Deferring student loans to relieve financial pressure on the student"
Q & A Session:
"Investors should be careful of patents filed in other countries, since the rules, costs, and standards can be very different. For instance, in some countries, intellectual property which is developed in-country is very hard to take out of the country, so your investment will be limited by that."
The Global Technology Symposium is an annual event at Stanford University is a premier investor conference focused on technology and growth companies in emerging market technology corridors.
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