COLORADO SPRINGS, Colo., Oct. 25 /PRNewswire/ -- In these days of economic dislocation and ongoing downsizing and offshoring, it is more important than ever that job creation be driven by the success of the startup entrepreneur and the resulting expansion of U.S.-based technology and product innovation.
Based on a review of thousands of U.S.-based early stage startup companies, David Croslin, former Chief Technologist at Hewlett-Packard and author of Innovate the Future, says that a completely new model of providing funding, advisors and partners to startups is needed. It is impossible, Croslin states, for the current economy to create the innovations and desired market dominance that will lead to the millions of high-quality jobs needed for a full economic recovery.
Croslin's proposal, which he calls the "Startup Kick-Start," is designed to create millions of jobs across all employee age groups, re-energize markets and develop sustainable product innovation dominance through the creation of thousands of new startup businesses annually. Startup Kick-Start eliminates the current impediments to the creation of new businesses and jobs while minimizing the risks normally inherent in startup companies.
In his Oct. 16, 2010 weekly remarks, President Obama stated: "Winning this fight ... will depend on the innovation of American entrepreneurs; on the drive of American small business owners; on the skills and talents of American workers. These are the people who will help us grow our economy and create jobs." Startup Kick-Start aligns perfectly with President Obama's goals and provides the underlying implementation method needed to succeed. (Remarks provided by the White House)
Startup Kick-Start proposes a program be established and funded by federal, state and local governments providing funding for up to ten-thousand new startup companies each year. This program will draw upon a broad swath of available labor including:
- Entrepreneurs and unemployed - Hi-tech and manufacturing jobs
- Experienced retirees - advisors, industry experts, program monitors and board members
- Local businesses - partners and outsourcing
- Local government - evaluation of startup company concepts and monitoring
Croslin explains, "Most startups need less than $500K per year, some as little as $50K in total, in order to fully develop their technologies and take their products to market. Experienced industry advisors managing the seed capital and targeting specific market innovations are critical to success. Local partnering and on-shoring are musts. The U.S. innovation engine needs a 3-5 year kick-start for success."
David Croslin is President of Innovate the Future, a consultancy specializing in innovation. He served as Chief Technologist at Hewlett-Packard and Chief Product Architect at Verizon Business. His LinkedIn group connects more than four-thousand leading innovators in eighty-five countries (http://www.linkedin.com/groups?gid=1831025).
SOURCE Innovate the Future