Atlantic Canada ICT Industry Needs New Models

Stephen Downes links to a PowerPoint file (works in OpenOffice.org too) produced by the NRC, entitled ICT Industry Overview, on the state of the industry in Atlantic Canada.
There are some good snippets of information, but the slideshow medium is not meant for a lot of knowledge transfer. For instance, on open source:

Business cases have to be wrestled with, but OSS generally is impacting the way people are thinking about IP and making money – new business models required.

That’s pretty obvious to anyone who has read anything on open source, but worth repeating, and nice to hear this from our "National" Research Council. However, I feel that much of this presentation is looking in the rear view mirror. Supposedly, VC’s want to fund a "Craigslist on steroids" . Have they heard about Google and its services & tools?
In an IT Conversation about a year ago, I believe it was Jonathan Schwartz of Sun who said that the enterprise software development business model as we know it is broken. The latest software successes are not traditional enterprise applications. They’re community platforms, like Vancouver-based Flickr, which spurned VC money and was finally purchased directly by Yahoo!. The investment model is already changing, and perhaps VC’s are not the best source of advice. Enough of them avoided Skype because they couldn’t figure out the business model.
This presentation highlights the need for innovative models, experienced management (lacking in Atlantic Canada) and an understanding of market needs. I would add that Atlantic Canadian entrepreneurs should get a real deep understanding of open source and Web 2.0 if they want to stay in the ICT Industry.

2 thoughts on “Atlantic Canada ICT Industry Needs New Models”

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