You are on page 1of 41

Innovation Mindset,

the Berkeley Innovation Index,


and Going Exponential

Gigi Wang
Industry Fellow & Faculty
Sutardja Center for Entrepreneurship & Technology
SAP Accelerate, Potsdam, Germany
10 September 2017
Global Entrepreneurship & Innovation
Global entrepreneurship and innovation training,
mentoring, and global business development services.
Welcome to the
Sutardja Center for Entrepreneurship & Technology
College of Engineering, UC Berkeley

http://scet.Berkeley.edu
Mindset
Leads to
Behaviour
i.e. the way in which one
acts or conduct oneself,
especially towards
others

Good behaviours lead opportunity


and success.
Bad behaviours lead to poor
results and weak relationships.
Mindset & Behaviors
Learned only through a holistic
journey-based program
Frameworks Networks
Fair Speakers
Communication
Diversity = Negotiation
Opportunity/
Value Mentors
Need When to be Pay it
“Perfect” Forward
Minimum Networking
Viable Product Information
Sharing in Terms
Working
Belief & Ethics
Raising Funds Sessions
Business Resilience to
Trusting Failures Measuring Rules of
Models Others Risk Engagement
What
Our are has adapted:
model
Skill in a
growth behaviors
Business training is not Core Area High
Potential
and mindsets?
the only key element
Too Narrow

• Wide comfort zone


• Generate trust
Street smart, but
• Good connectors lacking depth
• Inductive learning:
experiments and reflection
Innovation Behaviors and Mindset
• Self awareness and
“Psychology of Innovation”
emotional intelligence
Taught in situation, during the journey
Our model has
Ex: Fixed vs adapted:
K - 12
Growthtraining
Business Mindset
is not Learning Over a Year

the only key element

• Fixed Mindset Behaviours


Stay within comfort zone. Don’t take any chances.
Don’t experiment or learn.
Your brain is actually switched “off”.
Growth
Take failures too hard.

• Growth Mindset Behaviours


Always learning. Wide comfort zone. Open to
experiments and some risk. Embrace challenges. Can Fixed
learn from failures.
Psychology: There are many positive mindsets
and good behaviors that encourage innovation

Broad vs Fixed vs Scarcity vs Seeking Truth vs


Narrow Thinking Growth Abundance Being Right

Healing Teams vs Rebellion vs Saying what no one Accretive


Dividing People Compliance else wants to say Collaboration

Adversity is Listening, Expanding Not hoarding


advantage not just hearing comfort zone information

Comfort with “no” Self awareness Diversity is value Generating trust


BERKELEY INNOVATION
INDEX
BMoE: Identified 10 Behaviors of
Entrepreneurs and Innovators
 Berkeley Innovation Index
Innovation Mindset for a Individual
Berkeley Method Multi-Facet Algorithm, Alpha Release 1.3

INNOVATION MINDSET:
Your personal Innovation Mindset Level is currently 7.66 out of 10

This is not a fixed level, anyone can grow their innovation mindset. Your level has been estimated using an analysis based on the Berkeley
Method for Entreprenuership & Innovation, the Comfort Zone Scale, and fundamental testing methods in social psychology.

The following factors are components of your innovation mindset:


TRUST level: 5.03 of 10. This is your ability to trust others.
RESILIENCE level: 10.00 of 10. This is your ability to overcome failure.
DIVERSITY level: 9.64 of 10. This is your ability to overcome social barriers.
MENTAL STRENGTH level: 8.83 of 10. This is a measure of your confidence and belief that you can succeed.
COLLABORATION level: 4.61 of 10. This is your ability to work with everyone including competitors when needed.
RESOURCE AWARENESS level: 5.50 of 10. This is your ability to balance your resources across multiple objectives.
INNOVATION ZONE level: 8.59 of 10. This is a measure of your ability to work in areas of uncertainty.

MINDSET ANALYSIS:
Based on your comfort with ambiguity, your MINDSET covers both operations and innovation, but LEANS towards INNOVATION. If you
have interest in operational innovation and precision, you should pre-analyze situations and focus more on risk mitigation.

Learn more and check for updates at: http://berkeleyinnovationindex.org/


Score BMOE Boot-camp Fall 2017

Prior to BMoE

After BMoE
Total Score BMOE Bootcamp Fall 2017

BMoE Prior to Monday


Mean 6.97, st dev 0.92

BMoE on Thursday
Mean 8.06, st. dev 1.10
Today’s Growth Mindset:
Go from Linear to Exponential
Back Then
Back Then
Back Then
Back Then to Now
Back Then to Now

“SIRI – Call Renan”


Back Then to Now
What Do These Have
in Common?

*From Shomit Ghose, Onset Vent


Everything is Data-Driven

*From Shomit Ghose, Onset Vent


Collecting Digital Data
Everywhere

Sensors
Everywhere 
Data, Data, Data
 Connectivity 
Internet 
Communications
to Transmit Data
and Control
Signals
Moore’s Law - 1965

Moore's law refers to an observation made by


Intel co-founder Gordon Moore in 1965. He
noticed that the number of transistors per
square inch on integrated circuits had doubled
every year since their invention. Moore's law
predicts that this trend will continue into the
foreseeable future.
What Does This Mean?

ComputingPowern = ComputingPower0 x 2n

where n = # of years passed

 Which means computing power given the


same size chip doubles per year. Computing
power is exponentially increasing.
Decrease in Size & Cost

*From Pascal Finette, VP Start-ups, Singularity University


How Does It Matter to Me?
Exponential Improvement

• Exponential more time playing,


less time looking for the ball!!
• How does it matter to you?

*From Pascal Finette, VP Start-ups, Singularity University


Machine Learning

*https://www.linkedin.com/pulse/log-analytics-deep-learning-machine-navdeep-singh-gill/
Deep Learning

*https://www.linkedin.com/pulse/log-analytics-deep-learning-machine-navdeep-singh-gill/
Comparison

*https://www.linkedin.com/pulse/log-analytics-deep-learning-machine-navdeep-singh-gill/

33
Machines Smarter than Man?

*From Pascal Finette, VP Start-ups, Singularity University


THE BASIC PRINCIPLE:
Anything that can be digitized
(Product, Process, Solution)
can now grow exponentially.
Advancing Exponentially
Drones in Mining

http://www.bhp.com/media-and-insights/prospects/2017/04/how-drones-are-changing-mining
Autonomous Fleets
Bus of Tomorrow

https://www.youtube.com/watch?v=LfGUnWnqRw4
Linear vs Exponential

*From Pascal Finette, VP Start-ups, Singularity University


Demand Exponential Impact

*From Pascal Finette, VP Start-ups, Singularity University


Gigi Wang
Industry Fellow & Faculty, UC Berkeley
gigiwang@Berkeley.edu

Managing Director, MG-Team


Gigi.wang@mg-team.com

+1 925 963 8407

You might also like