Innovation Myths and the Unsexy Truths About Breakthroughs

By Mark Milian - 2014-04-01T16:15:07Z

Photograph by Daniel Acker/Bloomberg

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Go West, Young Man

Silicon Valley has long been viewed as the epicenter of innovation, attracting entrepreneurs from around the globe. But Chris Schroeder, an entrepreneur and former CEO of WashingtonPost.com and Newsweek.com, sees a shift in the technology landscape. He recently traveled through the Middle East to research his book "Startup Rising," and was impressed by what he saw.

"The biggest myth about innovation is that it is, especially in software, the exclusive domain of the West," Schroeder says. "Within the next decade there will be ubiquitous access to technology across the globe. This suggests both rapid and new innovation from places that will surprise us, and extremely large new markets that will no longer rely on U.S. markets in order to thrive."

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