MassChallenge is also working with the Russian Venture Company, a government-sponsored venture capital fund, to design similar competitions in St.
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The company said the modular build concept, instead of using a bespoke design for each centre, substantially reduced capital expenditure and build time.
The company capitalized on the "fabless" trend that allowed a chip firm to concentrate on design and avoid billions of dollars of capital spending by outsourcing production to Asian factories.
Jason Steiner is an Associate with T2 Venture Capital, researching and developing tools for the design of innovation ecosystems.
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Solyndra investor David Prend, of Rockport Capital Partners, said Gronet's cylindrical-design innovation "is huge, because it lowers the cost per kilowatt hour" of electricity for customers.
As this GigaOm story pointed out, some traditional venture capital firms and corporate venture investors also are now offering design programs for their portfolio companies.
On the other hand, if we design the new rules carelessly, they could choke off the supply of capital to businesses and families.
The South Korean capital city, awash in economic exuberance, is developing as a design, fashion and technology centre, and is breaking out as a key business hub.
In the case of anticipated newcomers who might not have the capital to purchase the high-end product, Ross said the Design Centre will make an investment in their first collection by providing a couple of pelts.
That's a lot of risk capital for any venture-backed start-up, especially considering that not one new commercial nuclear reactor design has been approved and built in the United States for 30 years.
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