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Transcript

Jack Hidary: One of the organizations that I'm quite involved with is called the X Prize Foundation.  At X Prize, the goal is to offer up multimillion dollar prizes, sometimes up to 10 or 20 million dollars per prize, for a set of competitors to go after a huge challenge, a huge goal, and break through that barrier.  

We do something every year called visioneering.  We get together in one room, 60, 70 of not only the smartest people in the world, but the people most open and most eager for innovation and breakthroughs.  These are folks that some of them know each other, but many of them do not.  Many of them come from different sectors.  Some come from ocean analysis, others from space exploration.  We have astronauts in the room.  We have folks in the room who are doctors and medical professionals.  We have folks who are entrepreneurs and techies and geeks.

We bring them in.  We serve them really good food and we lock the door for 48 hours.  Nobody can leave.  We are in there together, in a tank as it were, and we've got to interact in new kinds of ways to come up with, not only what are some breakthroughs, but what are areas of challenge that are just at the edge of human grasp?  If you think about that image of Michelangelo of the human reaching out to the godly sphere, what are those things that are just beyond our grasp right now, that if we have a great incentive and a program we can get people towards?

These kinds of gatherings, this kind of visioneering that essentially increases the serendipity quotient of everyone in the room, and leverages the power of weak links can be applied to the startup, to the medium-size business and even to the very large company as well.

Directed / Produced by

Jonathan Fowler & Elizabeth Rodd

 

More from the Big Idea for Friday, November 30 2012

Today's Big Idea: Disruptive Innovation

Is innovation happening at your company? If the answer is no, then why not? Entrepreneur Jack Hidary says the problem might be in the way you incentivize your employees.  If you offer a bonus s... Read More…

 

Jack Hidary on Visioneering

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