Leaping Into the 6th Technology Revolution

We are at risk of missing out on the deepest opportunities offered by the recent technological revolution.

But many people do not know the signs and dangers of seeing such a situation in times of total turmoil than the violence needed to guide us to the green economy. What we need is not new spinning wheels, but fabrics woven with nano-fibers that generate solar energy. To do this, we need a completely redesigned understanding of the role of the market, technology, finance, and government in accelerating change. But do we understand the possibilities before he leaves?

See the sixth edition

It has been seven years since we began the first phase of what BofA Merrill Lynch called the sixth revolution of global research analysts. Recently photographed by Carlotta Perez, hosted by Robert Preston and Steven Milunovic, the BofA Merrill Lynch hosted a global research luncheon, where we bring our own events to life.

1771: Water wheel construction and equipment development

1829: Steam development of industry and railways

1875: Inexpensive metal, power supply, and urban natural gas use

1908: Cheap fuel, bulk generators and universal electricity.

1971: Strengthened knowledge and communication

2003: Cleantech and Biotech

The benefits of looking back

Looking back at 1971, we know that Intel’s introduction of microprocessors marks the beginning of a new era. But this year, that doesn’t mean anything for those who have seen Marie Tyler Moore and the Partridge family or heard Tony Orlando and Tang and Janice Joplin. People will remember the first steps taken by humans on the moon, the opening of US-China relations, the successful completion of 99.99% of the human genome, and the birth of Prometheus, the first horse created by Italian scientists.

According to Ben Weinberg, a partner at Element Partners, “Every day we see companies with promising technology that can export their products to U.S. companies due to lack of foreign capital. Solar-powered solar panels have proven their effectiveness and gained credibility in the credit market. »

Flying under our combined radar includes IBM’s first soft disk drive, Ray Tomlinson’s first e-mail in the world, Xerox PARC’s first laser printer release, and Bill Fernandez and Steve Wozniak’s cream trade (Apple). Jobs. A few years later).

Times have not changed much. This year is 2011, and many of us are facing similar cuts in the events around us. Equivalent to 1986, the year that personal computers and the Internet changed the world. 1986 was also the year of the beginning of a major financial shift towards a new market. Venture Capital (VC) has a major investment season of $ 750 million, and NASDAQ was set up to create a market for these companies.

Changing the financial model

But the VC model, which is excellent at capturing and communicating information, will not work in the new version. Not only is the Cleansing Revolution gaining support for larger orders, but in this first phase of the game, even analysts are having a hard time seeing the future.

Steven Milunovic, director of the BofA Merrill Lynch Global Research Lunch Dinner, points out that each transition phase has an innovation phase that lasts 25 years and then the implementation phase for another 25 years. Most of the money is earned in the first 20 years. Real players want to get in early. But the question is: where do you go, how much and with whom do you go?

The market has remained skeptical and uncertain about the resilience of clean energy transformation. According to Milunovic, many institutional investors do not believe in global warming and are in a state of preservation, which is linked to the closure of the government’s energy security law.