1. Howard E. Aldrich Mid-Sweden University October 2, 2013 Everyone a Capitalist? Creativity & Innovation for the 21 st Century

2. Two Global Trends Technological revolution Micro-everything IT & Social Media Enabling scaling down/up Institutional transformations & entrepreneurship Legacy of 1960’s Localism & community Facilitating collaboration & cooperation

3. Social Innovation & New Institutions: “Hot Causes” Rebelling against the “closed box” Norms & values promoting local production & control Doing things for yourself Earning living from own creativity & labor

4. “If You Can Imagine It, You Can Make It” User-Driven Innovation Medical devices Juvenile products Extreme sports Typesetting Technology wants to be free! Enabling technologies Laser cutters Computer Numerical Control (CNC) for machines 3D Printers

5. A Few of The New Tools

6. Where Do “Makers” Go to Gain Access to Tools? Closed Access - $$ driven Incubators Accelerators Open Access – Cooperative & Collaborative Spaces Hackerspaces Fab Labs (MIT-sponsored) Fab Labs TechShop 1000’s globally

7. Hackerspaces in USA Hoboken: MakerBar SF: NoiseBridge Oakland: LiberatingOurselvesLocally Oakland: LiberatingOurselvesLocally Brooklyn: NYC Resistor Philadelphia: The HackTory Culver City: CrashSpace

8. Institutional Structures of Cooperation & Collaboration Education (MOCCs) Udacity Singularity Gatherings & Celebrations Maker Faires Media Make magazine Legal/regulatory Creative Commons Sharing & diffusion Maker Shed Brokers & bridges (crowd- sourced design & mfg) Quirky Thingiverse (Makerbot) 100K Garages Cloudfab Crowdspring

9. Example of Legal framework: @Creative Commons “Creative Commons develops, supports, and stewards legal and technical infrastructure that maximizes digital creativity, sharing, and innovation.” “Our vision is nothing less than realizing the full potential of the Internet — universal access to research and education, full participation in culture — to drive a new era of development, growth, and productivity.”

10. Small is the New Big “Punching Above Their Weight” Marketing & Sales (“community”) Etsy Art Fire Dawanda Fulfillment & Shipping Amazon.com UPS Payment Bluesnap PayPal Web Hosting & Outsourced Business Services (“the cloud”) GoDaddy Outright SalesForce Workday

11. Everyone an Investor? Democratizing Ownership Non-equity crowd funding: “rewards” Kickstarter Indiegogo Fundable (only biz) Fundable FundedByMe Non-equity crowd funding: debt/loans Thincats Equity crowd funding EquityNet FundedByMe CrowdCube Sweden NEXT STEP: JOBS Act in the USA

12. Example of social Innovation: HarvestBot (Harvest Geek’s Kickstarter Campaign)Harvest Geek’s Monitoring a garden’s vital signs

13. Issues Raised by Technological & Institutional Changes 1. Will pursuit of profits corrupt the “community” & collaborative spirit? 2. The “Matthew” & “Sesame Street” effects: what impact will these changes have on economic inequality? 3. Will there be “too many” entrepreneurs? 4. Will these trends lead to solutions to “big” problems?