That's why we createdThe success rate of Hungarian firms (2-3%) is far below the EU average (8%) in the SME Instrument. The event aims to drastically improve the success rate of applicants. But the EU is not the only source of development money, so we are expanding our activities to business angel, innovation and venture capital.
We will be satisfied when the percentage of successful projects presented in k2m for Phase 2 rises above 15% and more than 60% of the k2m.club. The seal of excellence projects we issue receive Brussels funding (in 2016, two of our projects were awarded one winner). In the venture capital market, we aim to achieve a capital raising probability for projects further developed in k2m that is double the average for each equity fund. |
What we offerAt our regular quarterly event, real projects are analysed by 2020 contracted experts (coaches, evaluators, proposal writers, KAMs....) and capital investors.
We are building a credible database of experts who have proven and winning proposals. Every quarter, we rate the projects submitted to our experts, with 3 hours of free consultation for the best ones. We provide high quality paid services on demand. |
Becoming an Exponential Entrepreneur according to Peter Diamandis
Being an entrepreneur today is vastly different than it was 20 years ago.Today, each of us has access to more capital, more technological tools, more information, more talent, and more computational power than the CEOs of the world’s biggest companies did just two decades ago.
As I think about what it takes to succeed in this world of Abundance and accelerating returns, I want to focus on six mindsets and tools that every exponential entrepreneur needs to master.
Let’s dive in...
As I think about what it takes to succeed in this world of Abundance and accelerating returns, I want to focus on six mindsets and tools that every exponential entrepreneur needs to master.
Let’s dive in...
1. YOU *MUST* UNDERSTAND EXPONENTIALS
We’re local and linear thinkers in an exponential world. Our brains haven’t had a significant upgrade in over two million years, whereas our technology is doubling in power every 18 to 24 months. Exponential technology is transforming products and services and disrupting industries. That’s why Ray Kurzweil and I co-founded Singularity University, and why having an Exponential Mindset is a key pillar of my year-round coaching program Abundance360. I often talk about my “6 Ds” framework—it’s a lens, and a roadmap, through which I contextualize all technological change and opportunities. The 6 Ds Progression
The framework gives them an unfair advantage over competitors. How can you use the 6 Ds framework in your business and industry? 2. YOU SEE ABUNDANCE--NOT SCARCITY Exponential entrepreneurs understand that technology is a force that transforms things from scarcity to abundance. They have an Abundance Mindset. Exponential tech is creating a world of Abundance in almost every major arena, including computation, education, energy, finance, healthcare, and transportation, among others. Once these industries transform from scarcity to abundance, their products and services become cheap (or free) and their quality goes through the roof. Many things that we paid millions of dollars for just two decades ago are now available for free on our smartphones. The challenge is that our minds evolved during a world of absolute scarcity, and most people are trapped in an unhealthy “Scarcity Mindset.” In a world of scarcity, there is a limited pie. If your neighbor gets a slice, it means that you get a smaller slice. But with an Abundance Mindset, rather than slicing the pie into thinner and thinner pieces, we just bake more pies--millions more pies. Exponential entrepreneurs also know that scarcity-minded, closed business models ultimately fail, and that open platforms ultimately win. 3. YOU LEVERAGE EXPONENTIAL TECH Exponential entrepreneurs experiment constantly and have a deep sense of curiosity about a group of exponentially growing technologies:
They see how these technologies are allowing individuals to do what was previously only possible by governments and the largest corporations. And further, they know that today, you don’t have to become a technologist yourself, but instead take the first step: to understand the potential and implications of the technologies. |
4. YOU HAVE AN MTP AND A MOONSHOT
Exponential entrepreneurs have a Massively Transformative Purpose (MTP) that drives them to power through hardship and attract the best talent to join them. The most successful entrepreneurs then use their MTP to power their Moonshot: a product or service that allows them to go 10X bigger or better while everyone else is pursuing incremental change. Most businesspeople and companies ask questions such as, “How do we reduce costs by 10%?” Going after Moonshots means applying 10X thinking (or 1,000%) to all your efforts and challenges. Finally, the best entrepreneurs subscribe to Google’s eight innovation principles, making them central to their startup mindset:
5. YOU LEVERAGE THE CROWD FOR EXPERTISE, SOLUTIONS & CAPITAL Exponential entrepreneurs can crowdsource nearly everything they need—ideas, capital, design, software—to grow their company. And they take advantage of these abundant resources. We live in a hyper-connected world of 4.5 billion, growing to 7 billion+. Around the world, cognitive surplus can help you build your products, services, and drive innovation—regardless of your company’s size. As Bill Joy, cofounder of Sun Microsystems once said, “No matter who you are, most of the smartest people work for someone else.” With current technology, people can work from anywhere in the world at any time, and large corporations can tap into this global knowledge base to improve their systems. Perhaps one of the most powerful aspects of the crowd is its ability to provide you with capital: either in the form of equity or advanced market commitments. Crowdfunding has grown into an opportunity worth multi-tens-of-billions of dollars, providing more capital to today’s startup game than any time ever in human history. Access to startup capital is no longer scarce. There are proven ways to run a Kickstarter or Indiegogo campaign. For exponential entrepreneurs, these capabilities are second nature. Finally, you can create incentive competitions through platforms such as HeroX.comthat allow you to crowdsource technologies, designs, solutions… whatever you want. This is an important tool in your tool chest. All you need to know is exactly what you want. If you do, in most cases, the crowd can do the rest. 6. YOU LAUNCH YOUR VISION, EXPERIMENT & DISRUPT YOURSELFExponential entrepreneurs bring their ideas to life. These entrepreneurs understand the importance of action, rapid iteration, and experimentation. They follow Reid Hoffman’s philosophy: “If you’re not embarrassed by the first version of your product, you’ve launched too late.” As such, exponential entrepreneurs understand the importance and means for rapid experimentation and iteration. They push tirelessly to reinvent and disrupt themselves. They drive idea exchange and create a culture of idea interaction capable of fostering creative solutions to previously unsolvable problems. They understand where, when, why and how breakthroughs happen inside the communities they create. They know how to constantly keep their companies, ideas, and processes focused on the future, moving forward, and leveraging the latest exponential growth techniques in the pursuit of even bigger goals. We live in incredible times. The potential for entrepreneurs to disrupt industries has never been greater. © PHD Ventures, 800 Corporate Pointe, Culver City, California, 90230, United States |
What if you could achieve 10X growth while your competitors only achieve 10%?
That’s what a Moonshot is: going 10X bigger or better when everyone else is pursuing incremental change.
Most companies ask questions such as, “How do we reduce costs by 10%?” or “How can we increase profits by 10%?”
Having a Moonshot Mindset means applying 10X thinking (or 1,000%) to all your efforts and challenges.
It’s one of the critical mindsets enabled by exponential technologies that any exponential entrepreneur or leader needs to succeed in the decade ahead.
In this blog, I’m going to discuss what a Moonshot Mindset is and the benefits of having one.
Let’s dive in…
Most companies ask questions such as, “How do we reduce costs by 10%?” or “How can we increase profits by 10%?”
Having a Moonshot Mindset means applying 10X thinking (or 1,000%) to all your efforts and challenges.
It’s one of the critical mindsets enabled by exponential technologies that any exponential entrepreneur or leader needs to succeed in the decade ahead.
In this blog, I’m going to discuss what a Moonshot Mindset is and the benefits of having one.
Let’s dive in…
WHY SHOULD YOU AIM FOR 10X GROWTH INSTEAD OF 10%?I’ll give you three reasons:
As a result, you either disrupt yourself, or someone else will. |
6 BENEFITS OF A MOONSHOT MINDSET
What can you do in the next hour to make progress towards your 10X goal? |
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