IML Ep 5: What Qualifies As Innovation, Anyway?

Innovation Minutes Live

Is it the idea or the follow-through? Or maybe who does it best? First to market is great, but innovation is about more than who does it first or even who does one particularly thing better. Recently, dating app Tinder has been in the news for wanting to sue Bumble, a similar (but different) dating app. Tinder did it first, but many think Bumble does it better. And the law and consumers may not agree. This begs the question: what qualifies as innovation, and who has claim to it? If Bumble wasn't doing well, would Tinder be coming after it for "copying its idea"? And how, as consumers, is our perception influenced about who and what is innovative? Here's what we cover in this week's episode: - What are Tinder's motives for coming after Bumble (Is Tinder trying to position Bumble as a knockoff to push away other investors?) - What is proprietary about the user experience of an app if they have an almost identical user experience? Is that something that can be exclusive? - Does something have to be "original" or revolutionary in order to be considered innovative? - Is technology the only thing that can be innovative? What about changing human behavior? - The Uber vs. Lyft example - Do NDAs really protect your idea? What's more important: execution or idea? - Silicon Valley vs. New York: how are the innovation mindsets different? - Is something innovative if it eventually fails? Plus, we discuss what's exciting us in the world of technology and innovation this week: comment bots and the evolution of music streaming apps. Listen / subscribe / follow on Stitcher and Soundcloud, then find us in the comments and let us know your thoughts!