June 17, 2010 at 11:54 am Leave a comment

What are the big changes you’re seeing in global entrepreneurship?

Right now, the big change is that most of the world has gone into electronics and the Internet. We all think that’s associated with computers, but within about 10 years, the dominant computing device will be the wireless phone. It has exploded worldwide. Nearly half the human species—three billion people—are wired. Some may only be text-messaging, but one billion people have daily Internet access.

What are the implications of that trend?

The scale of that development means that it’s no longer about economic development in the Third World. In those places, people are using wireless phones and some PC computation to literally execute the most advanced technological businesses that we can think of.

Can you give some examples?

In 2001, we made a huge leap. We cracked the human genome. But the bottom line is that most of genetic engineering is about mathematics and cleaning up data. It’s a massive task. When the code was cracked, the cost to discover and clean it up was $10,000 or $15,000 per genomic base pair. As we speak now, the cost is under 30¢.

So while the medical and scientific work on genetics still has to take place in a very advanced laboratory, the data can be farmed out to tens of thousands of people in a grid environment. People take the data, clean it up, and get paid for it. So we’ve taken one of the most advanced things in science, sent it out all over the world, and commoditized it.

Click here to read the rest of the article about entrepreneurship’s growth in some of the world’s poorest places.


Entry filed under: Entrepreneurship, Global Entrepreneurship. Tags: , , , .

A Persisting Structural Economic Imbalance? Get with a Creative Approach to Economic Vitality

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed



June 2010
« May   Jul »

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 16 other followers

%d bloggers like this: