ForPaul Stamatiou, FPSisasignificantinnovation in the fieldofpaymentmanagementservicesbasedon "everything Amazon has learned about dealing withmoneytransactions."
But in a lecture on what he's learned about innovation, Mike Lynch - who's the founder of another Cambridge technology success story, Autonomy - bemoaned the fact that all the brilliant work done by the university's scientists had failed to translate into many big hitters in the FTSE-100.
But only two weeks ago, students organized into 21 teams with the task of harnessing what they had learned to develop a core innovation that would positively impact a billion people in the next decade.