Innovate Financially
Do you think one can innovate or create something novel or new if one is not optimistic enough and does not have the courage to try? Innovators or creators spend time and effort to research and develop their value propositions and would not give up or give in until there is proof of concept and prospect of success. Why wouldn't those supporting them stretch their risk management goals and innovate financially?
At a time of plentiful innovative or creative projects but not innovative funding, the mismatch (such as the reduction of time and costs regarding the capture, creation and delivery of novel or new products or services) causes worthy projects in the longer term to die young. It is often the case that value of the project propositions (such as leveraging innovation with intellectual property and marketing) can increase exponentially in the mid term. But traditional investors would not allow that mythical moment when everything comes together to happen.
To raise funding for university-related innovative projects, a disruptive financial option is to use the projects' intellectual property to back up the creation of a university crypto-dollar. Before there is proof of concept, the initial "dollar" offering (IDO) can be confined to stakeholders within the university system to nurture research and development on blockchain and cybersecurity technology. Only when there is market demand for the university crypto-dollar would the university offer a general IDO, allowing the public to invest in a certain percentage of the issued university crypto-dollars.
On December 15, 2017, I had the privilege to share some of my ideas with a university finance head and a successful investor. I believe the mission objective is to achieve triple wins: (1) university-related innovators get funds and fun, (2) university-related or public investors get asset-backed tokens upfront and feel secure; and (3) a university bravely showcases how to innovate financially and lead. To achieve economic, social and cultural impact in the blockchain and fintech era, I am of the view that activities have to be transacted in a collaborative but distributed fashion!
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