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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.

I [Author] have been doing quite a bit of research, reading, listening, and watching when it comes to what successful entrepreneurs do and how they differ from the masses. Sometimes they are not visible changes and sometimes they are. What it really comes down to is they are willing to do whatever it takes to get to where they want to be. Are you willing to live in your car; homeless for months in order to keep your business above water? What about not taking a paycheck for years on end? There are several things successful entrepreneurs do that distinguish them from everyone else, and here they are broken down for you in 5 steps or principles:
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IECWelcome to the website for the Innovation Economy Conference, a day-and-a-half of conversation on what American policymakers, business, NGOs, and private citizens can do to maintain the innovation that can drive economic recovery and ensure long-term sustainable growth.

As part of a yearlong, multifaceted commitment to galvanizing thought leadership around the “innovation economy,” the conference is presented by the Intel Corporation with the Aspen Institute, PBS’ “The News Hour with Jim Lehrer,” and Democracy: A Journal of Ideas as content partners to help the conference discussions.


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Do you know about the Small Business Administration’s Emerging 200 (e200) initiative? The program identifies 200 inner-city businesses across the country that show high-growth potential, and then gives them the resources and motivation they need to take their businesses to the next level.

The e200 initiative has been so successful that the SBA just announced plans to expand e200 in 2010. Twelve new communities, emphasizing those areas with Native American business owners, have been added to the 10 markets e200 currently serves.
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Boston GlobeEVEN AS RECENT economic indicators begin to move in a positive direction, the US economy continues to struggle. Unemployment has crossed the worrisome 10 percent mark and is likely to recede slowly. It will take many years to regain the $14 trillion of wealth lost by American households. Our faith and finances have been shaken to the core.

Among the policy prescriptions emanating from Washington, investments in new areas of clean technology, infrastructure, and manufacturing deserve support. But while government should enact broad stimulus programs, it cannot be the driving force out of this recession. Indeed, if America is to recapture its position as a leader in the new economic order, it must be the new ideas coming from the private sector that shape our future.
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Entrepreneur SchoolI [Author] went to Dubai about a year and a half ago, at the apparent height, we now know, of their bubble. This week they crashed, and it is almost fun to watch. Do you remember the story of Icarus, the character in Greek mythology that built wings of wax to fly? His ego allowed him to soar to the heavens, but the sun melted the wax, and he plummeted to Earth.
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Improving the absorptive capacity of regions and organisations is a major mechanism for accelerating innovation, raising productivity, and economic growth. The present World Bank working paper discusses trade flows, foreign direct investment (FDI), research and development (R&D), and labor mobility and training as key processes for knowledge absorption.

Particularly interesting is Chapter 3 on the links among knowledge absorption and spillovers fromFDI. I quote “Empirical studies generally find strong, robust effects of foreign ownership on the productivity of wholly or partially owned foreign subsidiaries. In other words, firms with some level of foreign ownership are more productive and technology intensive than are purely domestic firms.
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Honey TechIn case you are looking start of your web based or a CMS project, then WordPress is strongly recommended. There are many reasons why we love WordPress and believe that it is the best blogging/CMS platform on web today. Some of the reasons why honeytechblog is powered by WordPress are:

* Its Simplicity
* Trackback Feature
* Auto Ping Functionality
* Easy to Customize
* Variety of Design Themes Available
* Outstanding Plugin Functionality
* User-friendly and So on
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WSJWhen should companies try to come up with new ideas themselves—and when should they give the job to outside experts?

It's a question many companies are facing these days. As budgets tighten, businesses are outsourcing research and development and the creation of new products as a way to slash costs, speed development time and tap into top talent outside the company.

But it can be tough to strike the right balance between internal and external efforts at innovation. How much outsourcing is too much, or too little? What amount produces the best results?
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The Creative EconomyBritain makes more money from music than from its car industry. In the United States, the core copyright industries achieved foreign sales and exports of $60.18 billion-a figure that surpasses, for the first time, every other export sector, including automobiles, agriculture, and aircraft. Howkins sets out to explore how we can harness creativity and the industry it sustains to our common interests. The Creative Economy is not about information and the information society. It is about more basic matters, what we humans want and what we are good at.

Managing creative people will be fundamental to business success in the next century, and this book is the first to address the whole business of the creative economy-its importance, and how to manage it. A landmark in business books.
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David NicklasWe once thought venture capital was one box we could check on St. Louis' to-do list. It turns out to still be a piece of unfinished business.

Local people created several high-octane investment funds in the early years of this decade, and they and others were regularly pumping money into promising St. Louis companies. The hope was that we could just sit back and watch these investors work their magic, creating wealth and jobs.
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The Internet search engine Lycos began as a research project by a professor at the Carnegie Mellon University in 1994. Five years later, it became the most visited site in the world, with a global presence in more than 40 countries.

All over the world, governments are showing greater interest in university spinoffs. European governments are pouring resources into universities with the goal of turning them into engines of economic growth through spinoff company formation. The Japanese government recently changed its intellectual property laws to favor spinoff company formation.
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