In just the past six years Kiva, an online microfinancing provider has managed to raise over $171 million dollars to help 445,000 entrepreneurs in 54 developing countries! Microfinancing is the process where local banks or lenders provide small loans to impoverished small business owners in developing countries, who would not be able to receive financing otherwise. What has been found, is because of the great debt these small business owners feel to the lenders, the repayment rates are much higher than bank repayment rates are.
What Kiva is doing, is connecting entrepreneurs in developing countries to lenders, primarily located in the United States. Entrepreneurs, or the local microfinancing institution they are working through, post a description of their proposed project and a brief bio about the person, group or family. Then lenders can search Kiva's website and look at all of these various projects in need of financing, and can select which ones they would like to loan their money to.
This project has been incredibly successful and helped enrich the lives of hundreds of thousands of people. I think it really shows some of the positive power of innovation to generate greater social welfare worldwide.
Below is a link to Kiva's website where you can learn more, and even make a loan today!

http://www.kiva.org/

What is ethical when it comes to tinkering with patent protected hardware? Is it different for hardware than it is for software? This article introduces Adafruit which is a company that sells DIY electronic kits and open source software. They are searching for programmers capable of hacking the new Microsoft Kinect device. Adafruit is offering a $2,000 reward to programmers that can produce drivers that will unlock the devices RGB camera, a depth-sensor, four microphones and motorized pivot. Microsoft is not supporting their efforts to unlock the device and has mentioned the possibility of a lawsuit. The situation is similar to the launch of Linux, but on a much smaller scale. Software giant Microsoft is trying to control the uses of its product, but creative programmers see potential for more functionality.

Microsoft fosters a containment culture. I think that if Microsoft allowed their customers to modify their hardware products they would see growth in sales. They need to capitalize on the modifications that their users are going to make regardless of their support.

I read an article yesterday about an undercover officer who videotaped a college student modifying an Xbox 360. The student was charging $60 for a modification on the Xbox that would allow you to download old school games to the hard drive. He is facing up to 10 years in prison. I think that something is very wrong with our laws if they are going to sentence a creative college student to 10 years in prison for making the Xbox better than it was.

In an effort to increase publicity for their green initiative "Ecomagination," GE is marketing in an unusual way...to a nontraditional group of consumers. In their campaign, "Tag Your Green," GE encourages younger consumers to let people know what environmental responsibility means to them. The site provides several interactive methods and suggestions as to how these younger consumers can engage in the campaign, citing YouTube, Flickr, and Facebook as possibilities.

In addition to the "Tag Your Green" Website, GE has also recruited YouTube "cewebrities" popular with teenagers and younger consumers to create videos advertising the campaign.  The YouTube cewebrities posted videos whose goal was  " [...] encouraging their fans to engage with the idea [of green living] by asking fans to come up with their own inventive ways to make nice with the environment." Fan videos and ideas are then posted and recognized on the "Tag Your Green" website. Michelle Phan (a cewebrity who offers beauty advice) posted this video as a part of the campaign.


By encouraging youth to innovate and collaborate with GE initiatives, GE hopes to expose future customers to their brand in an engaging manner early on. 

Backed by Netscape, the new social media-based browser "RockMelt" was launched today. The browser, developed conjointly by innovators Tim Howes and Eric Vishria (in complete secrecy), has been dubbed a "social browser" and holds the intention of "build[ing] your online connections into your Web browsing experience." As social media and the social nature of the Internet has crescendoed, Howes and Vishria noted that many users spend the vast majority of their online time interacting with sites like Facebook and Twitter. Consequentially, the browser seeks to integrate user profiles into the browsing experience.

A major concern with the browser is privacy - in order to use the browser, one must log in with his or her Facebook or Twitter account access information and give RockMelt permission to access listed information (including newsfeed, chat, friend list, profile information, photos, and more). Although the creators claim privacy is of utmost importance and that "they do not store personal information about users or track what they do online," I foresee a lot of potential users initially being turned off (even though the software is free). What do you think?

In this YouTube clip, Sir Ken Robinson, a world-renowned education and creativity expert discusses the modern paradigm of education in an RSA Animate production. This caricatured interpretation of our nation's obsession with the "ADHD epidemic" explains why our standardized system of educating children should be taken in a different direction.
Robinson explains that our education is modeled on the concept of industrialization; we need to move away from this production line mentality. This runs parallel to the evolving concepts of product development and consumer co-creation that we talk about in class. Children should be encouraged to learn by expressing their ideas and understanding that there are a lot of possible answers to the questions they face. Robinson says "most great learning happens in groups," and that classroom cheating should be simply labeled as collaboration. The consumer world is changing, so the same concept should trickle down into our educational models.

Dunkin'novation

Last week, Dunkin' Donuts introduced a new food item, Sausage Pancake Bites. These items sound like a normal breakfast item, but for a chain that has prided itself on donuts (especially Munchkins), people have been drawing the comparison between the pancake bites and Munchkins. Many websites have dubbed these items as "Meat Munchkins," which do not sound too appetizing. I personally do not think these items will last on the menu, especially if the term "Meat Munchkin" sticks. Innovative? Yes; but successful? Probably not. To see a video of a brave man trying one of these "Meat Munchkins," click here.

SomethingToGive.org

Something to Give is the vision of Andy McRea stemming from the belief that increased community involvement is a powerful solution to many social problems we face in the USA. The mission is to create a social network of people giving their time as a volunteer or an opportunity, experience, or reward. A common reason why people do not volunteer is because of the "what's in it for me" mentality. Something to give allows volunteers to earn credits by volunteering hours for certain organizations and they can win rewards posted by other people!

This is extremely new and it is not even launched yet. They hope to be up and running in 6-9months. It will start in SeattleThe website up right now is just a mock of what the real one will be. They are looking for volunteers, financial donors for start up, and contributors of rewards and experiences.

After completing the open-source case on Linux last week, I discovered this article which features an interview with Dries Buytaert, the founder of the open-source software project, Drupal. The volunteer project has grown immensely since its beginnings in 2000 and is used by big names such as The White House, Harvard, and MTV.

Towards the end of the article, Mr. Buytaert addresses the issue of commercialization within the open-source community. Obviously we have discussed this topic in class and it was interesting to get an outsider view on the matter. Mr. Buytaert explains that by ensuring that the leadership and decision-making parts of the project are not influenced by commercial interests, the project remains in a healthy balance. The project is driven commercially, but directed democratically. Open-source companies struggling with commercialization may want to start taking notes...


An innovative robotics company, Kokoro, introduced a new Japanese android that strongly resembles a human nurse. The newly released android looks incredibly life-like and even tested by some hospitals in Japan. The purpose of this "nurse" is to provide patients with some company as they spend time on their hospital beds; they only sit beside the patient as the patient undergoes various tests. Heres a link to the video that demonstrates its movements.


PitchInnovation


When we think of innovators, we usually think of inventors, or businessmen. Most people do not think of athletes. I am here to tell you that there might be a new innovator in the world of sports, pitcher Daisuke Matsuzaka. The origins of such classic pitches as the four seam fastball and the classic curveball are unknown, but recently, pitchers have been finding new ways to throw the ball. In the 1930s, Hall of Famer Carl Hubbell perfected the screwball (the anti-slider), in the late 1970s, Hall of Famer Bruce Sutter created and perfected the splitter (a dropping fastball), and in the 1990s, future Hall of Famer Mariano Rivera invented the cutter (a breaking fastball). Now, in the 2010s, Matsuzaka could be working on inventing and perfecting the "gyroball." Unknown to most American baseball fans, this mysterious pitch creates a spin on the ball with an axis of spin in line with the direction of the throw (like an American football). If perfected, Matsuzaka could continue his career with the Boston Red Sox with as dominating numbers as the innovators Hubbell, Sutter, and Rivera put up before him.

To watch video of Matsuzaka throwing the alleged "gyroball," click here.


 

Est. 2008 | Aric Rindfleisch | Wisconsin School of Business | Banner Image by Bruce Fritz