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More Edisons, Not Einsteins
                 Needed
         World Bank Forum: Creating More
         Entrepreneurs & Innovative Jobs
Intro comments to presentation by Nastas: This presentation came about from an
invitation from the World Bank after they read about my Master Class titled
‘Scaling Up Entrepreneurship,’ that I’ve delivered in Russia, Croatia & Kazakhstan.

They asked me to do a short, 15 minute presentation at a World Bank conference
devoted to the topic of ‘Human Capital Development & Entrepreneurship.’ The
World Bank is being asked by member countries to help them Scale Up
Entrepreneurship to participate in an increasing knowledge based world and
increase entrepreneurship since investors can’t invest more without an increase in
the # of entrepreneurs creating new start-ups and SMEs.

If you have questions, want to engage with me, please write at Tom@IVIpe.com or
leave comments to me at www.scalingupinnovation.com
Be well and be lucky
Tom Nastas                          www.IVIpe.com
                                    Info@IVIpe.com
More Edisons, Not Einsteins
              Needed
      World Bank Forum: Creating More
      Entrepreneurs & Innovative Jobs
                 Thomas D. Nastas
                    Tom@IVIpe.com
                    www.IVIpe.com

                  Tel. +1.517.899.1432
Innovative Ventures Inc.                 Haslett, MI. USA
1 March 2011
                        www.IVIpe.com
                        Info@IVIpe.com
IVI History-Funding
                          Entrepreneurs
                                 Russia (2005)               Shell Technology
                                                                     Ventures
  Canada (1992)            CIS Hi Technology Partnership
                               Initiative: Shell & IVI
                                                             Europe (1992/94)
C$100MM-Canadian
  Bus. Dev. Bank                                            Tech Fund,
                                                            $10MM-EU, $5MM
                                                            Financière St
                                                            Dominique, Paris


     USA (1986)
The Michigan Product
                                                              Russia (1997)
Dev. Fund ($4MM)                                           HP LP, $30MM-EBRD &
                                                           USAID
                                 Africa (1993/96)
                            E. Africa $5MM, Sub-Saharan,
                            $280MM, South Africa,$30MM,
                            IFC/World Bank
Models of Development
Models of Development
What Worked for Arnold




       www.IVIpe.com
       Info@IVIpe.com
Reality: Emerging &
    Frontier Countries

“Croatia is a Country of
 Savers, not Investors”

‘Capital Preservation’
          www.IVIpe.com
          Info@IVIpe.com
To Scale Up
       Entrepreneurship
   Realities in the Market:

     Attitudes to Failure

Attitudes to Risk & Uncertainty

             www.IVIpe.com
             Info@IVIpe.com
Build Experience:
Tolerance to Risk




    www.IVIpe.com
    Info@IVIpe.com
Failures are Losers




      www.IVIpe.com
      Info@IVIpe.com
Build Experience:
            Acceptance to Failure




20 November 2009
Certainty




www.IVIpe.com
Info@IVIpe.com
Commonality, these Guys?
Spark Points to Break the
          Cycle
Solution #1: Sell Risk, Not
        Opportunity
 Establish
 Points of
Confidence

     How James Currier of
          Tickle did
Solution #2: More Ideas




        www.IVIpe.com
        Info@IVIpe.com
How Generate More Ideas?




         www.IVIpe.com
         Info@IVIpe.com
Solution #3: Establish
Mentoring Organizations




       www.IVIpe.com
       Info@IVIpe.com
Entrepreneurs’ Attitude to
          Life




          www.IVIpe.com
          Info@IVIpe.com
Do More, Faster & Cheaper




“I would like to live about three hundred years. I
   think I have enough ideas to last that long.”
Thomas Edison in “Thomas Edison: Fire of Genius”
                     www.IVIpe.com
                     Info@IVIpe.com
Let’s Develop Edisons!




              Thomas D. Nastas
               Tom@IVIpe.com
               www.IVIpe.com
            Tel. +1.517.899.1432

Innovative Ventures Inc.     Haslett, MI. USA

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More Edisons Needed, not Einsteins: By Nastas

  • 1. More Edisons, Not Einsteins Needed World Bank Forum: Creating More Entrepreneurs & Innovative Jobs Intro comments to presentation by Nastas: This presentation came about from an invitation from the World Bank after they read about my Master Class titled ‘Scaling Up Entrepreneurship,’ that I’ve delivered in Russia, Croatia & Kazakhstan. They asked me to do a short, 15 minute presentation at a World Bank conference devoted to the topic of ‘Human Capital Development & Entrepreneurship.’ The World Bank is being asked by member countries to help them Scale Up Entrepreneurship to participate in an increasing knowledge based world and increase entrepreneurship since investors can’t invest more without an increase in the # of entrepreneurs creating new start-ups and SMEs. If you have questions, want to engage with me, please write at Tom@IVIpe.com or leave comments to me at www.scalingupinnovation.com Be well and be lucky Tom Nastas www.IVIpe.com Info@IVIpe.com
  • 2. More Edisons, Not Einsteins Needed World Bank Forum: Creating More Entrepreneurs & Innovative Jobs Thomas D. Nastas Tom@IVIpe.com www.IVIpe.com Tel. +1.517.899.1432 Innovative Ventures Inc. Haslett, MI. USA 1 March 2011 www.IVIpe.com Info@IVIpe.com
  • 3. IVI History-Funding Entrepreneurs Russia (2005) Shell Technology Ventures Canada (1992) CIS Hi Technology Partnership Initiative: Shell & IVI Europe (1992/94) C$100MM-Canadian Bus. Dev. Bank Tech Fund, $10MM-EU, $5MM Financière St Dominique, Paris USA (1986) The Michigan Product Russia (1997) Dev. Fund ($4MM) HP LP, $30MM-EBRD & USAID Africa (1993/96) E. Africa $5MM, Sub-Saharan, $280MM, South Africa,$30MM, IFC/World Bank
  • 6. What Worked for Arnold www.IVIpe.com Info@IVIpe.com
  • 7. Reality: Emerging & Frontier Countries “Croatia is a Country of Savers, not Investors” ‘Capital Preservation’ www.IVIpe.com Info@IVIpe.com
  • 8. To Scale Up Entrepreneurship Realities in the Market: Attitudes to Failure Attitudes to Risk & Uncertainty www.IVIpe.com Info@IVIpe.com
  • 9. Build Experience: Tolerance to Risk www.IVIpe.com Info@IVIpe.com
  • 10. Failures are Losers www.IVIpe.com Info@IVIpe.com
  • 11. Build Experience: Acceptance to Failure 20 November 2009
  • 14. Spark Points to Break the Cycle
  • 15. Solution #1: Sell Risk, Not Opportunity Establish Points of Confidence How James Currier of Tickle did
  • 16. Solution #2: More Ideas www.IVIpe.com Info@IVIpe.com
  • 17. How Generate More Ideas? www.IVIpe.com Info@IVIpe.com
  • 18. Solution #3: Establish Mentoring Organizations www.IVIpe.com Info@IVIpe.com
  • 19.
  • 20. Entrepreneurs’ Attitude to Life www.IVIpe.com Info@IVIpe.com
  • 21. Do More, Faster & Cheaper “I would like to live about three hundred years. I think I have enough ideas to last that long.” Thomas Edison in “Thomas Edison: Fire of Genius” www.IVIpe.com Info@IVIpe.com
  • 22. Let’s Develop Edisons! Thomas D. Nastas Tom@IVIpe.com www.IVIpe.com Tel. +1.517.899.1432 Innovative Ventures Inc. Haslett, MI. USA