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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

Entrepreneur investors launching a $5 million investment fund for new ventures in medical devices and health care services.

Wealthy entrepreneurs who made their mark in the region's health-care sector want to seed a new wave of business growth.

Up to 20 investors, led by some of the region's most successful health care executives, are launching a $5 million investment fund for new ventures in medical devices and health care services.

EDC Expo speaker (Richard Bendis) to discuss capital, mentorship value

An experienced hand at developing capital resources will headline the Entrepreneurial Development Center’s fourth annual Expo.

Richard Bendis, president and CEO of Innovation America, a national private/public partnership focused on entrepreneurism, will talk about capital fundraising challenges at the Sept. 1 event at Kirkwood Center for Continuing Education in southwest Cedar Rapids.

Entrepreneurship as a Safety Net

Is entrepreneurship the new safety net? In a viewpoint column this week, Chris Farrell suggests that corporate careers have become more uncertain than ever, and young people are looking to microenterprises for stability.

Corporate loyalty used to work both ways, with loyal employees being rewarded with long-term job security. That model began to fall apart with mass layoffs in the 1970s, Farrell notes. Now that pay cuts and furloughs — once shunned even by corporations laying off workers — have become commonplace, he suggests, workers see less value and stability in corporate careers. Along with bolstering savings, workers are looking to microbusinesses as a hedge against the risk of layoffs or pay cuts:

How To Start A Business From Your Dorm Room

These are grim days for college students looking beyond the quad and into the job market. Some students are taking a proactive approach before graduating and setting up shop while in school.

Student-run businesses have moved beyond staples like proofreading and babysitting. Instead, students are taking advantage of technology to create sophisticated dorm-room businesses, in part because they view owning a business as less risky than working for one.

Israeli Innovation

The latest issue of the City Journal includes an article on the unmatched economic and scientific accomplishments achieved by Israel in its short history. The high-tech industry dominates the Israeli economy and the author includes some interesting statistics regarding the country’s global standing in the technology sector. As of 2007, Israel houses more foreign NASDAQ-traded companies than any other country. Notably, the author writes:

A Final Ted Kennedy Innovation: A New Way To Use Twitter

Today, with Ted Kennedy in repose, his family bears responsibility for a technological advance, one that, if replicated by others, will save time, money and mental bandwidth. It seems small potatoes: instead of using e-mail to distribute information about funeral arrangements, the family has set up a Twitter account, @kennedynews. The handle will be used to provide updates about timing, logistics, even VIP arrivals to various events. This will undoubtedly prove more efficient than press releases, which must be clicked on and skimmed until the particular piece of information is communicated. The 140-character limit will force the info to be communicated quickly, unadorned with extraneous words.

Connecting the Developing World | RESON

The GSMA reports that there are well over 4 billion cell phone subscriptions worldwide. Over 50% of the world’s population has a cell phone now. Think for a moment about your cell phone: what it means and how you use it. Would you miss it if it were lost? I rely on my cell phone which I use as a phone, calculator, alarm clock, weather person, calendar, and research tool. I write notes to myself, notes to others, track my finances, schedule meetings and organize my time. I program my phone which, in return, programs my life.