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.
We created the light bulb, automobile, computer chip and Internet. But is the United States losing its innovative mojo? That’s the fear of 61 percent of Americans surveyed by Newsweek and Intel recently, who said they believe the economic recession has hurt the nation’s edge in innovations.
Today, political leaders, policymakers and the titans of industries gather in Washington to hash out ideas on how to get that mojo back and what the key is to unlocking innovations of the future.
There are few other business initiatives that rely as heavily on the "right" people as an innovation initiative. That's because unlike most other work in an organization, innovation is risky, uncertain, poorly defined and at odds with most of the rest of the work of the organization. Since there are no processes or methodologies, people play a much more significant role, and an innovation initiative will often live or die by the people who participate.
With the recent focus on innovation, it can be easy for any organization to become wrapped around building a better axle. However, innovation alone does not breed success. There is a battle brewing between the time tested practice of entrepreneurship and the requirements of the emerging innovation economy. The question is whether innovation or entrepreneurship can exist in this new environment without the other, finding the right mix, and understanding the difference. In this article, we explore the critical differences between and the many types of innovation and entrepreneurship, as well as how to find the balance between the two and your optimal mix for competitive advantage.
(Nanowerk News) Michael R. Drapp, a 34-year veteran of the high-technology industry, has formed nanoEdge™ Technologies, a business development and intellectual property management company focused on the emerging nanotechnology space. The company also plans to invest in promising technologies and act as a nanotechnology incubator.
“Nanotechnology is the next great frontier: for technology, for industry, and for humanity as a whole,” says Drapp. “This isn’t hyperbole. Every previous technological shift has been limited to mankind’s external environment. Nanotechnology will also invade our internal space. Our medical treatments, our food, our entertainment…even our very definition of “self” will be impacted. This next shift will redefine the current demarcation between technology and humanity.
Transparency: If people see what others do it generates support and peer pressure.
Greenhousing: Innovative ideas often start out as fragile little shoots that need nurturing.
Benefit focus: Keep asking what it is you’re trying to achieve – don’t just tick boxes.
Diversity: Of people, background, experience and outlook. Avoid groups of people who all think the same.
Risk-taking: Recognise risks, watch out for politics, listen to people at the sharp end.
Avoid deficiency models: Telling people they need to be there rather than here does not work.
Mistakes: It has to be all right to say, ‘That didn’t work – let’s try something else.’
Long-term planning: Can’t be done for innovation. Sensible next step is best that can be done. Then look closely at what happens and take another step.
Merlin John’s Innovators series is developing very nicely indeed, with articles to date on Ewan McIntosh, Paul Kelley, Margaret Vass, Carol Allen, Jaye Richards and John Davitt. The latest is a great piece on David Gilmour, East Lothian’s techno-boffin (sorry, David!).
The Federal Communications Commission is shaking up the communications market with bold initiatives to overhaul the $7 billion Universal Service Fund to help pay for universal broadband and reallocate wireless spectrum for new wireless broadband services.
FCC Chairman Julius Genachowski presented plans for revising the USF program and reallocating spectrum during a speech on Tuesday in Washington, D.C., at The Innovation Economy Conference.
Being an entrepreneur is tough... very tough. There are many reasons some entrepreneurs make it big, and others do not. Tonight I [Jim Randel] would like to speak to the organic, the personal, reasons that some entrepreneurs fall short of their promise. This is not about capital, which is a challenge for all entrepreneurs, nor about the economic climate (also a challenge). But rather about those individual characteristics that keep some entrepreneurs below their potential.
The Chinese government will joining local governments and private investors in setting up VC funds in an attempt to boost high-tech growth in the country, Dow Jones Newswires reports. These funds are aiming to raise at least CNY250 million ($36.7 million), and according to the State Council’s Web site, the government will not be the controlling shareholder. Its stake will be capped at 20%, except in the case of angel funds.
Nine months after the $787 billion American Recovery and Reinvestment Act of 2009 (ARRA, commonly referred to as the stimulus package) passed, efforts are being made to count the number of jobs it has created or retained. These figures are being reported by the federal government as evidence of the package’s success. Recent investigations by the Associated Press, CNN, and Denver Post, however, have found that these some of these figures may be inflated due to misreporting.
The success or failure of the stimulus package will be determined in large part by the number of jobs it helps to create or retain. The federal government recently declared that the stimulus package had already helped to create or retain 640,000 jobs, well on its way to the 3.5 million job goal by the end of 2010. This job count comes primarily from organizations who received stimulus money and reporting job creation and retention is a required part of the funding process. However, the reporting process is complex, with long, detailed forms to complete creating room for error and ultimately skewing the results.
I’ll [Andrew Lane] be heading to nextMEDIA Toronto this week to take in the broader discussion and also moderate a panel with some incredible producers talking about bringing traditional media content into the digital space, and most of all, methods to monetize that content. I’m always excited to speak on these sorts of subjects because, for all the valuable content we consume on a daily basis - between the news, the weather, research, slideshare presentations, tabloids, sports reports, games, television series, web videos, iPhone apps and more - people tend to give it a pretty bad rap. Considering how long we’ve acknowledged content, either jokingly or legitimately, as “king”, I think it’s a little unfair. Content business models simply need time to reinvent themselves, and once they do “the king’s” crown will hopefully lose all traces of this recent tarnish.
The Economic Development Council of Collier County (EDC) announced in September an initiative to support entrepreneurs in Collier County, Economic Gardening. This program marks the "Era of the Entrepreneur" and is designed to provide technical assistance to CEOs of 2nd Stage growth companies, those companies that employ between 10 and 99 employees. The Collier County program is supported by the Florida Economic Gardening Institute, located in Orlando, Florida and the Edward Lowe Foundation, located in Cassopolis, Michigan. The Florida Economic Gardening Institute was created as a result of a pilot program funded earlier this year through the Florida Legislature.
There was one complaint I heard over and over again from Indian entrepreneurs during my three weeks shuttling between Delhi, Jaipur, Bangalore, Mumbai and Pune: There aren’t enough angel investors in India.
Now, truth be told, that’s a complaint I also hear in the American heartland, in Canada, in Europe, in Africa, in China and, well, pretty much everywhere I’ve traveled to over the last few years. I’m not sure people ever feel they’ve got enough money being thrown their way.