Innovations I wish I had thought of first

It’s been a week for entrepreneurs who are going places. On Thursday evening I was at the Founder Awards dinner at London Business School. This is when LBS hands out coveted places on its Incubator Programme to graduates of the school who have impressed the most with their ideas for business start-ups.

This year, there were 29 applications for the 11 places on offer in the LBS’s new Incubator, known as The House. These 11 “winners” were selected beforehand and during the meal they made one-minute pitches about their proposals. It was an inspirational fare – these were LBS students who had foregone the opportunity to pursue a stellar corporate career for the chance to run a show of their own.

They included Pavneet Singh and algoBox, an eBay-type market for algorithms. Rather than spend time and money building your own, you can buy one direct from algoBox. And then there was LeSalon, which allows busy people to book beauty treatments in their homes – no longer do they have to travel to a salon; the salon comes to them.

On the journey home, I found myself thinking, not for the first time: “Why didn’t I think of that?”

Chris Blackhurt, The Independent

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