CONNECT WITH US
Tech

Tech

We’re placing the wrong bets on innovation

Fast Company logo

Published on

Add as a preferred source on Google
We’re placing the wrong bets on innovation

I became a social entrepreneur at 14, working in partnership with other students to make our high school a more welcoming home to students with disabilities. We saw what the adults did not: Bullying and harassment could not be wished away with detentions and scoldings. The change required students standing up for one another, changing our school culture one relationship at a time.

For more than 30 years I have supported over a million young people working to change the world. From a water filtration system that uses garbage and a malaria test that uses enzymes, to a training program to reduce violent interactions between youth and police, young people name problems and organize around them. They build solutions long before adults give them much credit. We talk about young people as “the future.” Yet we rarely treat them as innovators worth backing now. Especially those without privilege and connections.

Venture funding offers one example of how concentrated our search for innovation can become. In 2025, California, New York, and Massachusetts together accounted for nearly three-quarters of the dollars invested, according to the National Venture Capital Association.

These established hubs produce extraordinary talent, but our reliance on familiar networks and credentials can become a shortcut for deciding which ideas deserve attention. Access is not innovation.

Innovators with the right connections get noticed sooner. Early attention leads to early funding and broader networks. Over time, the same signals keep getting rewarded because they already feel familiar.

Joshua Ichor , a 25-year-old Nigerian hydrologist and founder of Geotech Water, shows what that system can miss.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.