Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

SBIR CoachThe headline and subtitle of the Newsweek story got my attention: "The Decline of Western Innovation -- Why America is falling behind and how to fix it."

Innovation. What is that anyhow? Webster says it's "(1) the introduction of something new. (2) a new idea, method, or device."

OK. That's simple enough. SBIR is supposed to provide funding for small businesses to develop new ideas, methods or devices for solving Federal agency defined problems. That's why the "I" is in SBIR, isn't it?

Has SBIR been effective in producing innovation? YES! The evidence is overwhelming.

A 2008 study done by two University of California at Davis professors, Fred Block and Matt Keller, addressed the subject of "Where Do Innovations Come From?"
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Anthony Townsend, Institute for the Future
Alex Soojung-Kim Pang, Institute for the Future
Rick Weddle, Research Triangle Foundation
IFTF Report Number SR-12361

The model of self-contained research parks and incubators that dominated the last fifty years of technology-based economic development is being challenged by deep shifts in the global economy, science and technology, and models of innovation. This paper describes fourteen emerging trends that will set the context for technology-based economic development in the coming decades. These trends are used to develop three scenarios for the future of technology- based economic development over the next two decades. In the first scenario, an incremental evolution of the research parks model takes place in a world of rapid, but steady and predictable change. In the second scenario, entirely new networks of R&D space emerge in a “research cloud” that challenges current models to adapt, sometimes dramatically. The third scenario, the research park models is in rapid decline as R&D becomes highly virtualized and parks’ legacy cost structure makes them obsolete for young firms. We conclude by highlighting the strategic implications of these scenarios for existing and future parks and economic development.

 

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DOTWASHINGTON – On Wednesday, Treasury Secretary Tim Geithner and Small Business Administrator Karen G. Mills will convene a forum on small business financing issues for a range of key stakeholders including policymakers, lenders, and small business owners to explore new ideas and strategies for expanding access to financing for small businesses. The event, which the President called for last month, is part of a larger effort to help small businesses grow, create new jobs, and contribute to our economic recovery and to challenge the private sector to increase lending to small businesses.

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Washington, DC (Nov. 5, 2009) – More than 1,000 partners – including top universities, non-profit organizations, successful entrepreneurs, government agencies and corporate sponsors – have currently signed up to support and initiate activities for Global Entrepreneurship Week/USA 2009, Nov. 16 - 22. The Week will engage young people in 87 countries around the world and encourage them to pursue entrepreneurial ideas through local, national and global activities designed to help them explore their potential as self-starters and innovators.

Those interested in participating can identify a host of activities, including virtual and face-to-face events, large-scale competitions and intimate networking gatherings through the interactive Global Entrepreneurship Week activities calendar. The activities calendar, which lists hundreds of events across the United States, can be searched by key word or sorted by location to help participants access the Week’s many resources and events.

 

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WASHINGTON (Reuters) - The Obama administration has set a November 18 date for a small business forum to define a new initiative to boost lending to smaller firms and help reverse U.S. job losses, an administration official said on Monday.

The forum will gather business owners, lenders, lawmakers and regulators in a bid to make more credit available to small firms so they can expand again after the recession and curb U.S. unemployment that has swelled above the 10 percent rate.

U.S. Treasury Secretary Timothy Geithner and Small Business Administrator Karen Mills will host the meeting to discuss "new ideas and strategies for expanding access to financing for small business

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The tricks to success change all the time, but the keys to failure are consistent. Serial entrepreneur Jerry Kaplan put together this list in a lecture in Stanford University’s entrepreneur thought leader speaker series in 2003 – but it’s as relevant today as it was then. Hubris, greed, lack of clarity and dumb hiring mistakes continue to be the biggest problems in the start-up world.

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The tricks to success change all the time, but the keys to failure are consistent. Serial entrepreneur Jerry Kaplan put together this list in a lecture in Stanford University’s entrepreneur thought leader speaker series in 2003 – but it’s as relevant today as it was then. Hubris, greed, lack of clarity and dumb hiring mistakes continue to be the biggest problems in the start-up world.

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ROCHESTER, NEW YORK – November 6, 2009 Innovation and Technology Based Business Leader Richard Bendis captivated over 1400 participants at The Eyes On the Future Economic Summit at St. John Fisher College, showcasing a unique collaboration of industry experts from education, business, high technology and non-profit community organizations.

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In a recent article1, we investigate the new American dynamic in regards to innovation.  We are particularly interested in the article « Creating a National Innovation Framework », published in « Science Progress », which proposed a new system of governance of innovation by the American federal government. However, we wanted to know more – so the Mission for Science and Technology (Boston Section) contacted one of the article’s authors, Mr. Richard Bendis, to ask him a few questions. The phone interview took place on October 27th, 2009.

 

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One of the academic advisers on my dissertation committee was vigilant against personal bias. He went (probably still does) so far as to recommend studying a place you hated. In geography, most scholars do research in a location they love, which might cause you to push your work towards expected results. A tool that can help a scholar guard against seeing what you want to see is the null hypothesis:

Retaining talent is an effective approach to regional workforce development.

Instead of debunking brain drain myths, I look for an underlying rationale for the concern and functioning brain drain plugs. For example, brain drain is costly:

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PROVIDENCE — In looking to plug the incessant drain that happens each spring when newly minted college graduates flee Rhode Island for bigger metropolises, this state might do well to take a lesson from Philadelphia, experts say.

Back in the 1990s, the City of Brotherly Love struggled with that image. Its universities were first rate and attracted students from around the world, but after graduation, the vast majority of those youngsters took flight for places like New York and Chicago.

It wasn’t that anything was wrong with Philadelphia; it just didn’t have enough to keep them there.
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“Statistics say the more students you get engaged in internships as early as you can, the higher retention rate you’re going to have because they know the businesses and they get more comfortable with the work environment within that community,” said Richard Bendis, founding president and chief executive officer of Innovation America, a public private partnership that worked on the Philadelphia project.

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Please Join the

Michigan Venture Capital Association

For the

Annual Awards Dinner

5:00 – 8:30pm Monday, November 9, 2009

At the

Michigan Union

Ballroom

530 S. State Street Ann Arbor, MI 48109

5-6: 30PM Cocktail Reception

6: 30-8: 30PM Awards Dinner 2009 Awardees to be Announced Next Week

Featuring Keynote Speaker

Richard Bendis

Founder & CEO of Bendis Investment Group Founder & President of Innovation America http://www.innovationamerica.us/index.php/about-us/founder

Please RSVP by Monday, November 2nd by emailing Melanie Beil @ This email address is being protected from spambots. You need JavaScript enabled to view it.

LOS ANGELES--(Business Wire)-- Private business owners, senior lending, asset-based lenders, mezzanine fund managers, private equity groups, venture capital firms, attorneys and hedge fund managers may complete an online questionnaire (http://bit.ly/capsurvey) investigating the major private capital market segments through Friday, November 13, 2009. Individual responses will be kept confidential.

The study, the second in an ongoing series by Pepperdine University`s Graziadio School of Business and Management (http://bschool.pepperdine.edu/privatecapital), examines the private capital industry based on investment type, expected and historical rates of return, financial ratio thresholds, coupon rate distributions and other investment characteristics. Survey participants will receive a first look at the study`s revised outlook on private lending and investing, expected in the first quarter of 2010.

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The State Science and Technology Institute (SSTI) announced the winners of its 2009 tech-based economic development awards.

The SSTI gave awards in six separate categories to nonprofits that initiated successful programs to sustain the nation’s position as a global leader for innovation and competitiveness at a ceremony in Overland Park, Kansas. Values emphasized included impact, strategic value and ability to replicate.

 

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Some 1,400 people filled the fieldhouse at St. John Fisher College on Friday to get revved up about Rochester.

"You have a distinct competitive advantage," said keynote speaker Richard Bendis, a Philadelphia-based authority on innovation, referring, among other things, to Rochester's educated and skilled work force.
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But Bendis didn't come to Eyes on the Future just to be a cheerleader. His talk focused on some of the serious problems in the U.S. economy, including a worrisome shortage of money to help new businesses get off the ground. The flow of venture capital is at a 12½-year low, and many state governments are too strapped to be of significant help. It goes without saying that New York is among them.

 

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A panel of local leaders Friday morning contrasted the major and minor changes necessary for innovation and business survival. The panel discussion took place before an audience of some 1,300 at the third annual Eyes on the Future 2009 economic summit, held at St. John Fisher College.

Headlining the event was Richard Bendis, who in December led discussions with the Obama administration transition team on government funding for entrepreneurship and job growth. Bendis, who participated in the five-person panel, advocated a series of small steps Rochester can take to become more relevant to attracting and retaining businesses.

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Richard Bendis (CARLOS ORTIZ staff photographer)The United States is falling behind its international competitors, and funding for innovation in business has hit a 12-year low.

That was the assessment by Richard A. Bendis, founder and CEO of Innovation America in Philadelphia, who cautioned an audience at St. John Fisher College on Friday that Switzerland and South Korea are among the countries overtaking the U.S. in innovation.

Bendis was the keynote speaker for the economic development conference called Eyes on the Future, which drew more than 1,400 people to the college in Pittsford.

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Richard Bendis (CARLOS ORTIZ staff photographer)The United States is falling behind its international competitors, and funding for innovation in business has hit a 12-year low.

That was the assessment by Richard A. Bendis, founder and CEO of Innovation America in Philadelphia, who cautioned an audience at St. John Fisher College on Friday that Switzerland and South Korea are among the countries overtaking the U.S. in innovation.

Bendis was the keynote speaker for the economic development conference called Eyes on the Future, which drew more than 1,400 people to the college in Pittsford.

Read more ...
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