Today’s session was dedicated to several topic and speakers.
Morning started with Pfizer. Mr Aaron Foster introduced his company and discussed trends in emerging market.
Couple of points that he made:
- Pfizer expects half of revenues to be coming from developing markets
- Aging European population will have a positive impact on future growth outlook
- Pfizer is the biggest investor in marketing and advertising activities compared with competitors
After break we had a brief meeting with consular of Hungary in USA and addressed the issues about Hungary’s strategy for innovation; whether it is preferable to be a stand-alone player or develop a regional strategy.
In the afternoon class headed to Roosevelt Island to get acquainted with Verdant Power-a company that started operations in 2000 to deliver clean and renewable energy from oceans, rivers and manmade channels. To achieve this goal, it deploys a free flow system that is installed under the water and generates energy. After thirteen years of rebellious work, company finally obtained a pilot license to test the technology. Though US government puts a high emphasizes on renewable energy, regulatory framework does not support start-ups to compete with already established players, despite this Verdant keeps fighting a battle of David and Goliath.
Evening ended pleasantly with a nice wine and dinner at Carmine’s, an elegant Italian restaurant in the heart of Times Square.