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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.

The successor to the 7th Framework Programme (FP7) needs a new name, says the European Union’s new Commissioner for Research, Innovation and Science, Maire Geoghegan-Quinn. “Talk to any man or woman on the street, they wouldn’t know probably what FP8 or FP7 or FP6 was,” she said. “People have to understand what you’re communicating.”

Commissioner for Research, Innovation and Science, Maire Geoghegan-QuinnNo decision has been taken as yet on the name or look of the next Framework programme, but on day one of her term, the new commissioner says she’s ready to make changes. And rebranding Framework is just one of many issues that Geoghegan-Quinn – who has spent the last decade at the European Court of Auditors – pledged to tackle as she starts to put her mark on the research and innovation portfolio.

Also on Geoghegan-Quinn’s to do list:

  • Broaden the remit of the proposed European Innovation Act, for which Geoghegan-Quinn will have responsibility, beyond industrial innovation alone;
  • Set new research investment targets to replace the 3 per cent target in the Lisbon strategy and get the private sector to contribute more;
  • Get small- and medium-sized companies more involved in Framework research projects.
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altI spend a lot of time talking to small business owners and startups. I speak with them through my SEO consulting company, during phone calls about social media projects and even just while I’m on my way to and from conferences and taking the train. It’s something I enjoy doing because I like hearing their stories, their successes and the struggles that they’re facing. Often it’s nice to know you’re not the only one going through something and to have a chance to commiserate. I work out of my apartment. I’m not exactly overflowing with social interaction these days.

Through talking with people, I’ve found there are often common factors in the startups and businesses that do well compared to those that struggle. Here are some things I think small business owners should strive to do or remember when working in their business.

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USTAR is publishing a new kind of annual report, one that’s in “bite-sized” pieces you might have time to read. We’ll be adding chapters over the next few weeks. Today’s edition covers the USTAR Technology Outreach and Innovation Program.
http://newmedia.innovationutah.com/wp-content/uploads/2010/02/implantable2.jpg
$1.6 mm investment by state yields more than $10 mm in outside grants

In just two years, University of Utah life science research teams led by John White and Hamid Ghandehari have demonstrated high productivity. Based on a $1.6 million USTAR investment to date, the teams have secured more than $10 million in federal and industry-sponsored research funding, leveraging the state’s investment more than six to one. The teams have also filed seven invention disclosures (a preliminary step to patent applications).

Neural devices take aim at epilepsy, Parkinson’s

Next-generation implantable electrodes and other “smart” stimulation circuitry hold the promise to help millions affected by epilespy, Parkinson’s Disease, obsessive-compulsive disorder and other neurological conditions.

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Minnesota House Tax Committee Chair Ann Lenczewski ST. PAUL, Minnesota– In a packed State Building Office hearing room Tuesday, witness after witness rose to speak in support of H.F. 2750, a bill that would grant $32 million in tax credits over three years to angel investors who fund risky, high tech start-up companies. Entrepreneurs, investors, university officials, industry groups warned lawmakers that the lack of early stage capital meant innovative start-ups in Minnesota would either die or move to another state.

Rep. Ann Lenczewski of Bloomington, the powerful Democratic chair of the House Tax Committee and a vocal opponent of the bill, listened politely. Then she called her one and only witness: Joel Michael, a House Research staff coordinator who helped authored a report, at Lenczewski’s request, on Minnesota vs Wisconsin venture capital.

Michael, whose gray hair, spectacles, and low droning voice proved fitting for a numbers cruncher, began his report by saying it was not a report, even though the report begins with “This report…” Ooookay. He then offered the following caveats: he was not a venture capital expert and there was little data to draw on.

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Battered for decades by the loss of manufacturing, the outmigration of talented workers, and a sluggish entrepreneurial spirit, the states and metropolitan areas of the Great Lakes region have long struggled to remake the area’s once powerful economy. Efforts to grow new industries and jobs in the region are today more urgent than ever, as the global financial crisis, bankruptcy of two of Detroit’s Big Three, and ripple effects through the supply-base are churning the economic and physical landscape on which many of its communities were built, and once thrived.

Its deep problems not withstanding, the Great Lakes region has formidable assets that will necessarily provide the foundation for future economic growth, including substantial research and development capacities, a strong existing industrial base, and growing prowess in key economic sectors and technologies. But this isn’t enough: The region still lacks the venture capital investments needed to help translate the huge amount of innovation these assets generate into the high value firms, products, and services that, as the Great Recession recedes, will define the next economy.

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Unlike most social networks, Twitter started out being more popular with adults, before it caught on with younger users. Last year that changed as celebrity tweets caught on, and mainstream media started talking about the service more.

At the end of 2009, more than 30% of Twitter's visitors were under 25, this chart suggests, up from about 20% of its visitors at the end of 2008.

chart of the day, Twitter Demographic Segment Trend
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When the Private Investors Forum asked Valerie Gaydos, a Harrisburg-based dynamo with a background in public policy, publishing, technology and entrepreneurship, to help with its annual Angel Venture Fair, the group wasn’t just interested in holding a trade show and sending out a news release.

Good thing, too, because Gaydos’ expertise in helping startup companies find funding and develop a strategic vision is one of the reasons the 12th annual angel fair is among the most meaningful angel investor gatherings in the region. The fair has helped emerging growth companies raise $16 million since Gaydos took it over in 2004. It provides a unique training program that screens, prepares and grooms best of class entrepreneurs for accredited investors over three months prior to the fair. Up to 50 semifinalists will present their companies on March 4 and be narrowed down to 30 finalists for the April 6 capstone event at the Union League in Philly.

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From Joint Venture: Silicon Valley Network with respect to the 2010 Index of Silicon Valley:

The economic recession has stalled Silicon Valley’s vibrant innovation economy and left its global competitive standing at risk as never before...

With respect to jobs:

Between November 2008 and November 2009, employment in Santa Clara and San Mateo Counties dropped 6.1 percent, compared to 3.8 percent nationally. Silicon Valley lost 90,000 jobs between the second quarter of 2008 and 2009, bringing total employment down to 2005 levels.

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French commuters Asked to name the European country least favourable to small business creation, most people would probably not hesitate before saying France.

Tough labour laws, high taxes and a dominant state sector have all been a powerful deterrent to economic self-starters, with many choosing to relocate abroad.

But consider this: in 2009 the European country with the highest number of new businesses was none other than France.

A total of 580,193 enterprises were created over the course of the year, some 60% under a new government status called auto-entrepreneur.

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Five compensation-related mistakes startups make (and should avoid)In our startup practice, we see a number of common mistakes entrepreneurs make as they establish and grow their companies. Not surprisingly, many of these are made in the course of compensating employees and other service providers, which is a key area of activity early in a company’s life cycle.

Compensation-related pitfalls can be easily avoided if you know what to look out for. Once made, though, these five mistakes can put your company in a thorny legal predicament that can be difficult and costly to resolve.

Wage Deferral. One of the most common mistakes an early-stage startup makes is deferring founder wages and other compensation to save costs prior to raising a financing round. Unfortunately, this can lead to significant legal and tax liability.

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 50 Must-Read Green Engineering BlogsOnce thought of as the epitome of environmental devastation and atmospheric pollution, green activists have grown to embrace engineering as a means of curing the ills it once wrought. In all its varied incarnations – technology, architecture, civil, construction, materials science, transportation, energy, computers, and product design among them – the field of engineering has something to offer mankind’s quest to keep the planet as clean, safe, and sustainable as possible. The following blogs wonderfully illustrate how creative, innovative engineers are synthesizing their studies with the environmentalist movement as a means of bettering Earth for current and future inhabitants.

1.  Green Engineering Blog at Design News : Design News editor-in-chief John Dodge weighs in on how engineering and technology can incorporate environmentally-friendly elements into as many projects as possible. Many of the other blogs on the site feature similar valuable content as well.

2. Environmental Engineering Diary : Environmental engineer Arie Dipareza Syafei covers numerous aspects of his chosen field, serving as both a primer and introduction for newcomers and a sounding board for professionals. Many posts concern his graduate research into membranes.

3. Environmental Engineering Blog : This multidisciplinary blog relates environmental issues and green initiatives back to engineering and technology, and posts touch upon a wide variety of related subjects. Politics, law, geology, and real estate all determine how environmental engineers develop products for a healthier planet.

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washingtonpost.comWe can see it reflected in our search trends at Google: Too many people are out of work, and the fear of unemployment is changing the behavior of millions more. In the fall, searches related to back-to-school shopping and holiday travel bookings peaked weeks later than usual, as families put off spending as long as possible. At the same time, queries for payday loans have gone up a third in the past two years.

To spur job creation and alleviate the fear of unemployment, the United States will need to tackle what Commerce Secretary Gary Locke has called our "innovation deficit." We have been world leaders in innovation for generations. It has driven our economy, employment growth and our rising prosperity. But much of the cutting-edge research and development in key areas such as renewable energy now takes place outside the United States. There's a real chance that the "green Silicon Valley" will take root in Germany or China. We can't afford to let that happen.

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White House Seeks Public Input On Innovation Goals InformationWeek (Hoover) - The Obama Administration is turning to crowdsourcing to identify "grand challenges" to support as national technology innovation goals.

The White House this week issued a request for public input on potential game-changing technologies the administration might pursue with research and development dollars. The quest to identify innovation goals for the next century is modeled at least in part on President Kennedy's commitment to send man to the moon in the 1960s.

More specifically, the White House appears to be looking to set up a number of "grand challenges" for inventors and scientists to solve over coming years, which the country could use as "an organizing principle for America's science, technology and innovation policy" in order to address key national priorities, spur economic growth, and catalyze interest in the sciences.

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As I've been digging deeper into the data I've gathered on 210 million public Facebook profiles, I've been fascinated by some of the patterns that have emerged. My latest visualization shows the information by location, with connections drawn between places that share friends. For example, a lot of people in LA have friends in San Francisco, so there's a line between them.

ColumbusLooking at the network of US cities, it's been remarkable to see how groups of them form clusters, with strong connections locally but few contacts outside the cluster. For example Columbus, OH and Charleston WV are nearby as the crow flies, but share few connections, with Columbus clearly part of the North, and Charleston tied to the South.

CharlestonSome of these clusters are intuitive, like the old south, but there's some surprises too. For instance, Missouri, Louisiana and Arkansas have closer ties to Texas than Georgia.

To make sense of the patterns I'm seeing, I've marked and labeled the clusters, and added some notes about the properties they have in common.

Click on the map to learn more:

How To Split Up The US

Pete Warden is the founder of Mailana Inc, a startup building tools to help people connect. This post was first published on his personal blog, and is republished here with permission.

InformationWeek GovernmentThe role of the federal chief technology officer is poorly defined and Congress may want to act to codify the CTO's responsibilities, according to the Congressional Research Service, which prepares official reports for Congress.

"There is currently no formal position description for the CTO," says the report, written by CRS science and technology policy specialist John Sargent. "Accordingly, the official duties of the CTO remain largely undefined. If the position or office of the CTO is not established by Congress and provided with statutory authorities and a dedicated budget, it may be difficult for the CTO to affect change in individual federal agencies or systemically throughout the federal government."

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I [Peter Carrescia] recently wrote about the need for focus in building the next generation of Canadian technology companies. I want to follow that up with what I believe is the first and most important ingredient – Entrepreneurship.

Today, there are simply not enough people catching the entrepreneurial bug and starting their own companies. It really is a numbers game – increase the supply of new companies, and there will be a proportionate increase in the number of successful companies.

The cultural change required needs to be instilled in us at the earliest possible opportunity, while we’re still in school and have little to lose and everything to gain. It is infinitely more difficult to convince someone to take risk when they have a mortgage, car payments, a spouse and children. It won’t work out for many that try, but for those that it doesn’t they will be better employees later for having tried, and better prepared should they perhaps try again.

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 Governing Cities in a Global Era: Urban Innovation, Competition, and Democratic Reform
By Robin Hambleton, Jill Gross

* Number Of Pages: 292
* Publication Date: 2007-11-15
* ISBN-10 / ASIN: 0230602304
* ISBN-13 / EAN: 9780230602304

Product Description:

Written in a lively and accessible style by leading scholars from eleven countries this is the first global book to pre a thorough examination of the urban challenges now facing city leaders and managers in all continents. The text is organized into three parts: the global ures now impacting urban governance; the innovations currently taking place in urban government; and the heartland themes of leadership, partnership and the democratic challenge. The analysis suggests that global forces pose a grave threat to civilized living – the pursuit of narrow self-interest could drive all cities into a spiral of decline resulting in consumers living isolated lives in separate fortified enclaves. All the authors in this volume reject this vision of our urban future. Instead, by analyzing place-specific experiences and offering new insights on the dynamics of urban change, they propose imaginative routes for reform. This book argues for strategies that can lead to prosperous multi-cultural cities across the world – cities that enhance the quality of life for all citizens.

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Key spch ParliamentIn his opening speech to Parliament, Prime Minister John Key has signaled increased spending for science and innovation as part of his overall plan to improve New Zealand’s economic health.

This spending will be strongly linked to industry engagement with public sector science, and will focus on targeted research and development rather than basic research.

An excerpt:

“The challenge for New Zealand is to get more of our firms using science, research and technology to deliver more valuable products and services, which in turn allows them to succeed in competitive export markets and to create new and better-paid jobs for New Zealanders.

“Science and innovation are therefore key elements of the Government’s economic agenda, both this year and into the future.

“Our objective is a high-performing public science system which supports economic growth, and a wider innovation system that encourages firms to increase their investment in, take-up, and application of research.

“…Science and innovation, and how they can underpin business opportunities, are so important for this Government that we have made this area a priority for new spending in this year’s Budget, with a focus on boosting business research and science capability.”
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Every year Edelman releases its Trust Barometer report (Executive Summary) to measure consumer confidence in business and, if we’re taking a cue from Chris Brogan and Julien Smith, identify the biggest ‘trust agents’ helping them to make their decisions. This year the findings are getting some people wondering about the overall impact on social media.

Social media has always “worked” because people trusted the advice and recommendations of people ‘like them’ over the cold marketing they were accustomed to. They trusted that their friends and people who valued the same things were better able to help them make decisions than the absent CEO or marketing department of a company. However, thanks to the flood of noise and the emergence of large, impersonal social networks, people are losing trust in social connections and those ‘like them’. Instead, they’re leaning more towards experts, with a strong rise in the transparent CEO.


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