Dragon presents keynote address at annual summit

Nicole Verkindt, CBC’s newest Dragon on the tech-focused web series NextGen Den

Nicole Verkindt, CBC’s newest Dragon on the tech-focused web series NextGen Den, will speak about the importance of disruptive thinking, innovation and technology at the State of the Island Economic Summit dinner this month in Nanaimo.

The founder of OMX (Offset Market Exchange), Verkindt believes in the role of entrepreneurs to grow the economy and help solve global issues. She sees investment in technology as a driver for growth and leveraging technology as a defining competitive advantage.

In the last 10 years the world has seen major disruption in a variety of industries largely due to entrepreneurial innovation and the use of technology. As Tom Goodwin of Havas Media wrote in TechCrunch last year, “Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most world’s most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate. Something interesting is happening.”

Popularized by the analysis of Harvard Business School professor Clayton M. Christensen in 1995, the ‘something interesting’ Goodwin is referring to is disruptive innovation. This type of innovation disrupts existing markets by creating a new value network or markets.

Driven by rapid technological, economic, and social change, disruptive innovation is a powerful economic force that is at once destructive and creative – whole industries and business models can be overturned in a short period of time.

In addition to Verkindt’s keynote address, a panel of experts will be exploring the disruptive economy in depth at one of the 16 informative summit sessions.

“The key, as we move forward, is resiliency and diversity,” says George Hanson, president of the Vancouver Island Economic Alliance. “The market and our buying habits and the entire way we do business is changing tremendously fast. I think there’s reason to be excited as long as we can be responsive to change.”

The disruptive economy is just one of many critical topics presented at the State of the Island Economic Summit scheduled for Oct. 26-27 at the Vancouver Island Conference Centre.

For more information or tickets to the summit, please visit www.viea.ca.

 

 

Just Posted

Tribal Journeys welcomed by Stz’uminus at Shell Beach

Paddlers came from various nations, including the Heiltsuk, Namgis, Hesquiaht, and Alberta Cree

Brits on the Beach raises $2,251 for LRCA food bank

Brits on the Beach also brought in 75 pounds of non-perishable food items

Town adds public access lifering to improve water safety at Transfer Beach

The lifering is easy to use and includes instructions on the protective housing case for emergencies

Chemainus Harvest House still demands attention in summer

Food bank supplies dwindle with diminished donations

No shortage of water supply in Ladysmith despite stage three water restrictions

Water restrictions remain in place to service community in case of an emergency

Rich the Vegan scoots across Canada for the animals

Rich Adams is riding his push scooter across Canada to bring awareness to the dog meat trade in Asia

Canadian high school science courses behind on climate change, says UBC study

Researchers found performance on key areas varies by province and territory

Six inducted into BC Hockey Hall of Fame

The 26th ceremony in Penticton welcomed powerful figures both from on and off the ice

RCMP investigate two shootings in the Lower Mainland

Incidents happened in Surrey, with a victim being treated at Langley Memorial Hospital

CRA program to help poor file taxes yields noticeable bump in people helped

Extra money allows volunteer-driven clinics to operate year-round

Recall: Certain Pacific oysters may pose threat of paralytic shellfish poisoning

Consumers urged to either return affected packages or throw them out

How a Kamloops-born man helped put us on the moon

Jim Chamberlin did troubleshooting for the Apollo program, which led to its success

Sexual harassment complaints soaring amid ‘frat boy culture’ in Canada’s airline industry

‘It’s a #MeToo dumpster fire…and it’s exhausting for survivors’

Most Read