Global Innovation: The cross-border creation of novel solutions addressing worldwide needs and challenges.
Stanford is a private research university in Stanford, California. It was founded in 1885 by Leland and Jane Stanford in memory of their only child, Leland Stanford Jr.
Fail fast encourages rapid experimentation to test hypotheses, quickly discard unsuccessful paths, and pivot to successive iterations.
Potential customers are those who have a need and can and will pay for a product or service.