Forbes | by Sramana Mitra | Dec. 11, 2009
America is in dire need of some breakthrough innovation that can crack open significant new horizons. Yet, every year, numerous corporate and academic labs spend millions working on projects that have no commercial future, no application, no real justification for their existence. At best, they represent the tinkering of a technologist with some cool ideas.
Against that backdrop, I recently spoke with Prith Banerjee, head of HP Labs, on Hewlett-Packard’s strategy to streamline innovation and make it relevant to real world problems. Banerjee, to set the stage, also has experience founding two electronics start-ups, and brings a good understanding of the entrepreneurship and venture capital worlds. [Read more…]