Overview
Business Innovation Summit (BIS) is an event held annually in Toronto, Canada. The Conference Board of Canada and National Angel Capital Organization (NACO) are the main organizers of the event. Additionally, the major two-day event held on April 28-29, 2015 at the Metro Toronto Convention Centre brought together hundreds of innovative people in Canada. Moreover, the event brings together various individuals in the business world, for instance, startups, academics, venture capitalists, business leaders, accelerators, and government. Extra information about the event is available on their website http://www. Conferenceboard.ca/conf/innovation/default.aspx. ("Business Innovation Summit 2015 - NACO Canada")
Business Innovation Summit creates a great place for networking since it brings together different persons including business leaders, public policy creators, and implementers. The degree of networking is of high level because the event helps business professionals and government representatives learn from each other through the exchange of ideas. Moreover, they get to know new trends and challenges of innovation and commercialization thus enabling development of solutions. Key point noted is that of connection of different participants, like entrepreneurs, experts, consultants, expert speakers, investors, and more. The connection of all those participants is of great importance because it helps share solutions on how to overcome innovation challenges, and get answers to all innovation questions. Further, innovators can gain insights and understanding from each other. Therefore, it is vital to ensure that the event brings together all participants.
Summary
The main purpose of the event is to connect, collaborate, and innovate together. During the event, business leaders and innovation experts shared their views and insights on new and emerging public policies for innovation. On the other hand, the delegates identified various challenges, issues, and barriers they face as innovators. They further provided the government experts with recommendations on how the government would help them in turning their ideas possible.
The event enabled delegates to meet with leading innovators, entrepreneurs, investors and key players in Canada. In addition, the event made it possible for delegates to gain insights from prolific speakers through their ideas on how to implement innovations for success. Further, it was possible to influence government programs through recommendations provided thus impacting innovations positively. Lastly, delegates were able to meet the research team of BSI and learn the latest research findings.
Materials
During the event, it was notable that the government is a key player in ensuring that innovation succeeds. On the other hand, innovators need assistance to enable them to implement their ideas.
Recommendations
The organizers of the event should encourage people from other countries and continents to attend this event. If people from different continents meet, there is a possibility of great ideas developing. There is also need for additional activities during the event, for instance, presentation of ideas by participants, awarding of best innovations and capital provision to best ideas. By this, innovative people will be able to implement their ideas thus improving businesses globally. To sum up, everyone should purpose to attend this event because it’s a good platform to lay different ideologies in business.
Work Cited
"Business Innovation Summit 2015 - NACO Canada." NACO Canada. N.p., 2016. Web. 16 Mar. 2016.
