The 4 Countries Making Dust of Silicon Valley – Innovation

The United States Silicon Valley isn’t the only place where burgeoning innovation is challenging. Yes, the U.S. leads. The Fast Company story below is indicative of what is happening in the four countries below. By the way, a municipality can replicate the same process.

SOUTH KOREA

South Koreans are so innovative, they don’t even use credit or debit cards. Instead, residents use T-money, which can be spent on trains, taxis, buses, bars, restaurants, or retail stores.

Like Estonia, South Korea has one of the fastest broadband speeds among all. As most of the world continues to struggle with 4G connection, South Korea is investing in 5G, meaning its residents will be able to download HD movies without any problems by 2020. The country’s Ministry of Education, Science and Technology (MEST) announced it is investing $1.5 billion in this project alone.

The South Korean government promotes its startup economy by pouring $2.7 billion in funding startups and offering tax breaks for big companies that invest in startups.

ISRAEL

Israel’s entrepreneurship spirit comes from the fact that the country itself is a startup. With little natural resources and constant political turmoil, Israelis are fighting for better lives by creating energy alternatives. As a result, we’ve seen some amazing companies come out of Israel.

The country boasts more startups per capita than any other country and currently has 70 companies listed on the Nasdaq, making it third only to the U.S. and China on the stock exchange. Not bad for a population of 8.2 million. […]

Read full article via Fast Company | Business + Innovation.

Jim Woods, Leadership speaker, Human Resources Consultant, Business Coach

Jim Woods is a leadership development and training consultant deploying his unique abilities in character based training and strategy.

See a partial list of Jim’s clients. Hire Jim Woods to Speak  | Follow us: Facebook | Follow us: Twitter | Skype ID – jim.woods79 http://www.innothinkgroup.com   Click here to schedule an appointment.

Jim is president of InnoThink Group a human resources and leadership management consulting firm | Skype ID – jim.woods79 http://www.innothinkgroup.com   Click here to schedule an appointment.m. He has an absolute passion for people development and are constantly refining and adapting his programs in order to ensure that they have the maximum impact on those we serve.

 

About

Jim Woods is president of The Jim Woods Group. A management consulting firm. Go here to see his work www.jimwoodsgroup.com. He advises and speaks to organizations large and small on how to increase top line growth in times of uncertainty and complexity. Some of his speaking and consulting clients include: U.S. Army, MITRE Corporation, Pitney Bowes, Whirlpool, and 3M. See more at his website www.jimwoodsgroup.com.

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