The week in innovation: Covidien, Pixar & Virgin
By Christa Avampato, Contributing Writer
The $10.2 billion medical device company Covidien has opened its fourth innovation center in the developing world, this one in Istanbul, Turkey. The Covidien Center of Innovation will feature high-tech labs, surgical suites and an auditorium, and will be used to train clinicians on procedures using Covidien instruments and solutions. The company’s other innovation labs are located in Mumbai, Shanghai, and South Korea (pictured at left); according to Zacks Research, another is planned for Sao Paulo, Brazil.
According to Brookings Institute senior fellow and UCLA engineering professor John Villasenor, cypto-currency Bitcoin actually provides some interesting lessons for large corporations on the future of innovation. Aside from some obvious points — like the decentralization of Bitcoin, and the impact of low-cost digital storage — Villasenor notes how self-publishing and the “perceptions” of innovation impacted Bitcoin’s success. Forbes.com has the complete article.... continued ...