Archive for the 'Innovation' Category

BarCampBankSeattle: wrong day to stop sniffing innovation

BarCampBankSeattle took place this week-end (July 21 & 22). While I wished so much being there, I did not manage to make the trip. So I followed the event from a distance, and I gladly saw that I was so misfortunate not being part of the event. You can read from William Azaroff, Ben Black, Gene BlishenTim McAlpineRobbie Wright, and others what an excitement this must have been. Congratulations again to Jesse Robbins for making this moment happen!

So, in this post, I won’t go into the details of all the awesome projects that could sprout from these two days; and I won’t try to imagine how cooperation over the coming months could happen online to carry all these projects to completion. I’ll just deliver this simple thought: I’m always amazed how gratifying this is to be exposed to intelligence and creativity.

With a strong biais toward evolution interpretation, I’m always looking at this organ, our brain, that consumes 20% of our energy, that is wired to discover patterns in the clouds, as a trait providing an evolutive competitive advantage. Today, I’ll only remark that this brain is also wired to deliver huge flows of dopamine when exposed to new intriguing ideas and when producing new ones. I can imagine the torrent of dopamine that must have been delivered this week-end in Seattle.

As a final personal, note : I may – if really necessary – be ready to stop drinking coffee, but inhaling intelligence and creativity, this is an addiction I hope I’ll never quit.


Seedcamp is emulating Y-Combinator for Europe

Just discovered thanks to Sam Rose through his update on Bank & Finance Watch, that a british initiative – Seedcamp – targets replication of the success Y-Combinator has had in the US. Selection will happen in September for a full week in London. Principle is quite simple, 20 projects will be nominated and 5 offered a €50k for a 10% ownership of the company to be formed as a consequence (i.e a €450k pre-money valuation for the wining projects).

I really wish all the success to this initiative and would like to emphasize the opportunity for entrepreneurs accross EMEA. I can’t wait to read the reports of this first event and would like to see it as a forerunner for all P2PVenture initiatives throughout Europe and the whole world.

Radar O’Reilly & Mt Lehman Credit Union sponsor BarCampBankSeattle July 21, 22

Big names gather to make BarCampBankSeattle a success: on the sponsor and participant sides. Radar O’Reilly, Mt Lehman Credit Union have stepped in to sponsor the event. People from Wells Fargo, Wesabe, Trabian, the Open Money group,.. will be there to make the event a unique experience.

You still have time to register and come participate:

Will we soon see a BarCampBank happening in Australia?

Just discovered this post on The Bank Channel suggesting the idea of organizing a BarCampBank in Melbourne or Sydney. There will be soon a BarCampBank in Seattle on July 21 & 22, I think it will perfect sense to get contributions from the southern hemisphere as well. I hope that the idea will gather critical mass over there and that we will soon get access to the innovations that are cooking up in Australia.

Banco Sabadell and IBM to cooperate on innovations

I just received the press release from Pol Navarro, Head of Innovations at Banco Sabadell, about the annoucement of a joint initiative with IBM to develop Web 2.0 for financial services. We will be able to see demonstrations of the ongoing efforts on this dedicated site. The community will be able to provide feedback there and hopefully be able to actively participate in the innovation process. We know that IBM is promoting the idea that disruption is happening in the banking industry. It is obvious that we need some new tools for the new usages we see appearing. It should make sense that crafting of these tools can only be done through a community process.

A banking innovators forum

Just discovered James Gardner‘s latest idea of an innovators forum to help ideas sprout within financial organizations. As James noted, I think this could very well be complementary to what BarCampBank is trying to do.

In fact, BarCampBank is trying to incubate innovations from the outside of financial organizations. While some innovations may be smoothly re-integrated in time within current organizations, some could prove disruptive and create totally new organizations.

This innovators forum would aim at creating innovations from within. In my view, the unconference format could then prove very powerful to unleash innovative ideas and see the emergence of critical mass to change things rapidly.

The two are in fact very synergetic (a word M&A people like very much). I’m eager to see this forum start and look for opportunities of cooperation with BarCampBank.