Story excerpt provided by The Plain Dealer.
Written by Michael C. DeAloia.
Civic leaders in Northeast Ohio often talk about the region’s prosperous Innovation Economy. There is no debate about the need to invest heavily in this economy. But innovation brings booms and busts. Booms are great while they last. Busts merit reflection and “lessons learned” moments.
This week, we look at a company that is entering the global drone economy with an open software platform. The boom. And we discuss a once-promising company that has decided to close its doors. The bust. Both illustrate important elements of the transition from the Old Economy to the Innovation Economy.
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Originally published August 2, 2015.