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TED Talks Daily

Why good ideas get trapped in the valley of death -- and how to rescue them | TED-Ed

TED Talks Daily

TED

Creativity, Business, Design, Inspiration, Society & Culture, Science, Technology, Education, Tech Demo, Ted Talks, Ted, Entertainment, Tedtalks

4.111.9K Ratings

🗓️ 17 April 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

All new products must pass through the "valley of death" before they reach the market. Many never make it out, and sometimes that's OK -- if they don't work, don't fill a need or for any number of reasons. One of the fields where this problem is most pressing is zero-carbon technologies. Why is it vulnerable to this trap, and can we change it? Explore how to break the cycle of the funding gap. [Written by Elizabeth Cox and George Zaidan, directed by Lisa LaBracio, narrated by Jack Cutmore-Scott]

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Transcript

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0:00.0

It's TED Talks Daily. I'm Elise Hu. Earth Day is this Thursday, April 22nd, so we thought it would be a great time to share another lesson from our friends at TEDEd. This is part of a video series designed to cut through the complexity around climate change and explain the science in a clear way. It's all inspired by Bill Gates's new book, How to Avoid a Climate Disaster.

0:24.6

This lesson is about how a lot of the smartest solutions to reduce carbon pollution actually

0:29.2

already exist and how they're getting stuck in the valley of death.

0:34.0

How can we get them out of this trap?

0:35.7

You can watch all seven lessons for free at ed. ted.com slash plan for zero.

0:41.7

That's plan F-O-R-0, one single word.

0:47.7

They've passed every test, cleared every hurdle, jumped through every hoop.

0:52.9

Now all that remains is to unleash them on the world.

0:57.6

But wait, what's this? Ah yes, there's one more challenge. They must now cross the valley of death.

1:08.9

All new products must pass through here before they reach the market.

1:12.8

Many never make it out. And sometimes that's okay. If they don't work, don't fill a need,

1:18.8

or for any number of other reasons. But inventions that could help address massive global

1:24.8

issues also face this risk. That's because a technology's potential

1:30.0

isn't the only factor that determines whether it will succeed. The Valley of Death is especially

1:35.9

risky for innovations involving complex physical objects as opposed to software, and for those

1:42.2

in highly regulated industries like medicine,

1:45.0

building materials and transportation,

1:47.5

regulations and other obstacles aren't inherently bad.

1:51.3

They're often designed to keep people safe,

1:53.1

but they do tend to scare off investors.

1:56.8

And that's what traps good ideas in the valley of death.

2:04.3

Their funding dries up before they can become profitable.

...

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