Bloomberg

Writing for Bloomberg News, Prof. Carlo Ratti and Robert Muggah of the Igarapé Institute make the case that cities should use venture capital strategies to manage risk and spur innovation. “To do so, local governments need to change their approach to procurement,” they write. “If administrators pay more close attention to what venture capital can teach them, then the city — one of the first, greatest ventures in human history — will be able to continue to invest in a shared, prosperous tomorrow.”