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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.

“Innovation is more important than ever,” declares President Barack Obama in a white paper released yesterday. A Strategy for American Innovation: Driving Towards Sustainable Growth and Quality Jobs doesn’t exactly break new ground, but the 22-page report does present a good snapshot of where we are now.

It doesn’t pull its punches, either. The first few pages provide historical context, painting a bleak picture of American dystopia, an America limping along with a broken economy, a neglected, out-of-date education system, decaying infrastructure (both physical and virtual) and out-of-control health care costs. But read on! The Obama Administration is here to help, and looking not only to avoid unsustainable, bubble-driven growth but also to avoid “unproductive and anachronistic debate” about the government’s future role. “The true choice in innovation is not between government and no government, but about the right type of government involvement in support of innovation,” says the report.

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Prepared Remarks of Chairman Julius Genachowski

The Brookings Institution, Washington DC September 21, 2009

I’d like to thank Brookings for hosting me and this discussion about the future of broadband and the Internet.

We’ve just finished a summer of big-ticket commemorations, celebrating the 40th anniversaries of the Apollo landing and of Woodstock; 1969 was also a good year to be a kid in New York, with Joe Namath calling the Super Bowl, and the Knicks’ season that ended with the legendary Willis Reed in Game 7. I grew up a long fly ball from Shea Stadium and soaked up every minute of the Miracle Mets’ season. Maybe that’s why I tend to believe in miracles.

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Before embarking on a week of high-level diplomacy, President Obama stopped off at a community college near Albany, N.Y., to tout a host of education programs.

"In the coming years, jobs requiring at least an associate's degree are projected to grow twice as fast as jobs requiring no college experience," Obama said at Hudson Valley Community College in Troy.

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The world can be a rough place for independent inventors. They can often find themselves in court, battling big corporations, spending piles of money on lawyers and leaving it up to judges and juries to determine the value of their hard-won patents.

That could be changing. Wrangling over patents is beginning to move out of the courtroom and into the marketplace. A flurry of new companies and investment groups has sprung up to buy, sell, broker, license and auction patents. And venture capital and private equity is starting to pour into the field.

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WASHINGTON (AP) — President Barack Obama, squeezing in an eleventh-hour pitch for his domestic agenda, is promoting his administration's promises of innovation at a New York community college before weeklong meetings on international priorities.

Obama heads to Troy, N.Y., on Monday to discuss his already-in-place programs that he says help spur innovation and transform the U.S. economy. He then moves on to New York City, where he will become the first sitting U.S. president to appear on David Letterman's "Late Show" couch — another example of a White House strategy designed to put Obama in front of as many cameras as possible to sell his message to a skeptical public.

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McLean, VA (PRWEB) September 21, 2009 -- Jonathan Aberman, Managing Director of Amplifier Venture Partners, today released "The Decline of the United States Venture Capital Industry: What the Federal Government Should Do About It." The White Paper discusses the current problems and challenges to the private venture capital model and offers specific policy recommendations to the Federal Government to address these challenges.

In the White Paper, Mr. Aberman argues that addressing the shrinkage of the private venture capital industry and the loss of countless experienced company builders is a matter of urgent national economic policy. The venture capital industry is becoming configured to make larger investments in less innovative companies, as it is driven towards making less risky investments to satisfy the current investment preferences of its institutional investors. As the venture capital industry is moving away from more speculative investments, particularly early stage investments and investments in emerging technologies, the United States economy is losing a primary driver of technology commercialization.

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Six years ago, the biggest thing Danish toy-maker Lego had constructed was a pile of debt. The family business, whose name comes from the Danish for “play well” was doing anything but — it was innovating, but its new products were underperforming.

Lego’s founding family appointed former McKinseyite Jorgen Vig Knudstorp, who has brought the company back into the black with a systematic, sometimes painful change programme begun in in 2004.

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A 3-year-old boy was recently diagnosed with a rare, aggressive, soft-tissue cancer in his bladder. Radiation treatment would have stunted the growth of his pelvic bones, hips and bladder and left him disabled. Radical surgery could remove his bladder, prostate and portions of his rectum. That would have left him impotent, using a colostomy bag, and urinating through another bag in his abdomen.

His parents chose a third option—a new "unproven" therapy where a proton beam precisely targeted the radiation dose so that it didn't cripple their son for life. The boy is now cancer-free and his body functions normally.

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Reporting from Menlo Park, Calif. - In what would have been an unaccustomed move for a Silicon Valley venture capitalist not too long ago, Alan Salzman recently flew to Copenhagen to attend a conference on climate change and schmooze government policymakers.

His mission: Explain the role of venture capitalists and their green-tech start-ups in cleaning up the environment.

"All aspects of clean tech bump up against government regulations," said Salzman, whose firm, VantagePoint Venture Partners, has funded such high-profile firms as electric car maker Tesla Motors Inc. and solar power plant developer BrightSource Energy Inc.

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TiEcon Delhi 2009,( one of India’slargest entrepreneurship conference commenced at The Taj Palace, New Delhitoday. The conference was kicked off with a welcoming note by Dr. SaurabhSrivastava Chairman Emeritus, The Indus Entrepreneurs, (TiE), New Delhi followedby an inaugural address by Mr. P. Chidambaram, HomeMinister, Ministry of Home Affairs. Mr P. Chidambaram’s address was followed byan address by Sir Richard Stagg, KMCG, British High Commissioner. The speakersaddressed a delegation of 1000 people attending this session. TiEcon Delhi 2009is a landmarkconference which brings together an array of people from a variety of industriesand societies to debate complex issues and foster new ideas.

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Sep. 20--If it wasn't for an enduring image as the "Smoky City" -- so dubbed by muckraking journalist Upton Sinclair -- Pittsburgh might never have become a center for environmental innovation.

"I think there was a recognition, even in the pre-World War II period, that the city wasn't livable," said Anne Madarasz, director of the museum division at the Senator John Heinz History Center. "It wasn't attractive and, were the steel industry to decline -- and there were some indications it might, even then -- we needed to invest in the city to attract people to live here and businesses to locate here."


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SAN JOSE, Calif. – Silicon Valley companies that are debating whether it’s beneficial to work with telecom carriers should recalibrate their expectations in the time it will take to get the service to market, but hold onto the fact that the benefits of scale with operators are huge, said Derek Kerton. Kerton, principal analyst at the Kerton Group, helped organize this week’s TC3, an annual day-long event that connects telecom carriers and applications developers to share best practices in the Silicon Valley.

“Set your watch to telco time,” Kerton told the audience. The development cycle at a carrier can take 18 months, which is long by Silicon Valley standards. But the potential to reach mass scale is immediate: the world’s 20 largest carriers hold 57% of the market, Kerton said, citing Wireless Intelligence data. About 350 telecom companies have a presence in the Silicon Valley, he estimated, employing 200,000 people in the area.

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