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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.

Connversational CurrencyWe are entering a renewal in the work force. The global imperative is for the United States to become an innovation economy now. This is an entirely different animal than the Industrial revolution; I have long argued that the résumé system is by far the most archaic knowledge management “currency” of trade in use today.

The entire premise of the résumé is destitute, if not destructive, in the modern world. Words on a computer screen are a very low level ‘media form’ being used to describe a very high ‘media form’; social, creative, and intellectual capital. It’s like using crayons to design an aircraft.
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plugged.inThe board meeting at the startup was underway and the CEO proudly highlighted what he considered to be the most successful initiative of the company. The initiative had been embraced by customers and partners whole-heartedly and the signs of continued growth were very visible.

The head of business development, present in the meeting and responsible for that initiative was understandably delighted at the acknowledgement by the board. He subsequently made an unusually peppy presentation on his department to the pleasant surprise of all. Later on, the CEO explained about business development and its head:
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NYTNEW DELHI — When 7-year-old Shiva Ayyadurai left Mumbai with his family nearly 40 years ago, he promised himself he would return to India someday to help his country.

In June, Mr. Ayyadurai, now 45, moved from Boston to New Delhi hoping to make good on that promise. An entrepreneur and lecturer at the Massachusetts Institute of Technology, with a fistful of American degrees, he was the first recruit of an ambitious government program to lure talented scientists of the so-called desi diaspora back to their homeland.
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DraperTim Draper is managing director of venture capital at Draper Fisher Jurvetson, which was instrumental in the success of Hotmail, Skype, and Digidesign, among others. He is chairman of Bizworld, a nonprofit organization that teaches entrepreneurship and business to children. Draper has a bachelor’s degree in electrical engineering from Stanford University and a master’s degree in business administration from Harvard Business School and served on the California State Board of Education from 1998 to 1999. EDN recently conducted an interview with him.

Was there a key person who steered you toward technology?

Yes. I planned to be a physics major at Stanford, but my father steered me toward electrical engineering by telling me there are lots of jobs for EEs with a bachelor’s degree, but that, with physics, I would need a doctorate. I was fortunate that he was investing in the companies that were on the cutting edge of technology at the time.
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ThomasNet NewsNovember 27, 2009 - NIST is asking for public comment on 4 white papers that outline potential areas for research funding grants under Institute's Technology Innovation Program. Papers outline national needs for new and improved technologies in areas of monitoring and repair of civil infrastructure, manufacturing technologies for advanced materials, enabling technologies for electric power smart grid, and technologies for health care based on proteomics, data analysis, and biomanufacturing.
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Venture HypeLast month, Sandra Cochrane gave us an overview of how to start an incubator. Judging by the sheer number of emails and direct messages (via Twitter) we received, it’s without a doubt that many of you are interested in learning more.

Through Cochrane, we got in touch with Mark Long “The King,” a very likable incubation veteran with 3 decades of experience under his belt. In this interview, Long imparts his expertise in founding an incubation facility and talks about what it takes to start an incubation program, the investment required, and some common mistakes would-be incubators make.
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Ireland's incoming EU commissioner Máire Geoghegan-Quinn has been given the research and innovation portfolio.

Taoiseach Brian Cowen, who had been campaigning for the powerful portfolio, made the announcement at the Intel facility in Leixlip, where he was attending an event to celebrate 20 years of Intel in Ireland.

“I am delighted to announce today that we have secured the hugely important research and innovation portfolio, which resonates very strongly with our own Smart Economy agenda,” Mr Cowen said. “It is testament to the calibre of Máire Geoghegan Quinn that she has been allocated this portfolio.”
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Ottowa Business JournalBy all accounts, it's been a challenging ride.

We've watched the breakup of Nortel, Ottawa's anchor tenant, and for Ottawa's technology community we are in the trailing end of a global economic crisis. Many may have thought we've been witnessing the untimely death of Ottawa's technology industries, but I don't believe that's the case.

On the contrary, Ottawa is better positioned than ever to become a global leader. The market migrations and diversification we've experienced, coupled with our world-class talent, continue to lay the path to future success. Ottawa has definitely changed – and the new reality here includes new companies, new sectors, new success stories, renewed growth, revitalized energy and enormous potential.
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CarPlaneTerrafugia was founded in 2006 by award-winning MIT-trained aeronautical engineers and MBA’s – who also happen to be passionate private pilots. The company’s mission is to provide innovative solutions to the challenges facing personal aviation. The result: the Transition® Roadable Aircraft.
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Read Write StartCreathor Venture is a 25-year-old venture capital firm based in Germany and Switzerland. That makes it unusual. In 1984, when it started, not a lot of VC funds were in Europe. So, we decided to speak with Cédric Köhler in Creathor's Zurich office. As innovation accelerates and globalizes, we wanted to find out how a smaller regional fund like Creathor can compete with much larger Valley-based firms that have a global footprint. And of course, we wanted to find out what's hot on the European tech scene. Read on to find out.
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ReutersLONDON, Nov 27 (Reuters) - The government on Friday pledged 150 million pounds ($246 million) to a new venture capital fund, planned as Europe's largest, as it looks to kick start British technology investment and the ailing business sector.

The government hopes to build up the fund to 1 billion pounds over ten years and has been calling on private sector investors to invest alongside it in the UK Innovation Investment Fund, science and innovation minister Lord Drayson said.

"The fund will be the largest technology venture capital fund raised in Europe and will be able to match the scale of the funds we see being raised in the U.S.," Drayson told Reuters in a telephone interview.
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TUDelftPurpose - Open Innovation provides opportunities to overcome the problems that SMEs have in a product innovation process. The purpose of this study is to understand and improve the pivotal roles of the innovation intermediary in an open setting to match small firms through design activities. The matching process is caught in a model that pinpoints which essential roles are important at several stages.
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