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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.

Perspectives on Innovation Blog: Archive Water, water everywhere...

Access to clean, affordable water is something that the developed world often takes for granted. Yet, over half of the world’s population is at risk for water shortages, with far-reaching effects. Lack of adequate clean water has serious health implications, including the prevalence of water-borne diseases such as cholera, typhoid, hepatitis A and E, and diarrhea. Globally, diarrhea is the leading cause of illness and death and 88% of those deaths are due to inadequate sanitation and availability of clean water. Water shortages also foment civil unrest and often lead to violence and regional conflicts, as we have seen in Darfur, Somalia, Chad, Nigeria and Sri Lanka, among others. Lack of water perpetuates poverty, increases the risk of political instability, and affects global prosperity.

The BizCoach: Why Women Receive Less Angel Funding Than Men

You’re a woman with a great business idea, but you’re short on funds. You’ve also heard that it’s tough for female entrepreneurs to get financing from an angel investor – someone who funds early-stage companies.

Ironically, female entrepreneurs receive less angel funding than men, even though they launch more businesses, according to a study co-authored by a finance professor, Dr. John Becker-Blease, at Washington State University, Vancouver, www.vancouver.wsu.edu.

Venture Capital, Still Seeking the Next Big Thing by Phyllis Korkki

This may seem a less-than-ideal time for an entrepreneur to seek venture capital. But the capital well is far from dry, according to a survey by the Graziadio School of Business and Management at Pepperdine University.

Of 185 venture firms surveyed last spring, 46 percent said they planned to make at least two investments over the next 12 months within their current fund; 54 percent said they planned to make three or more investments.

The Heart of Innovation: The Top 100 Lamest Excuses for Not...

Recognize any of these? If so, find your way pass the 100th and learn how to go beyond them. Takes less than five minutes. (Or maybe a lifetime).

1. I don't have the time.
2. I can't get the funding.
3. My boss will never go for it.
4. Were not in the kind of business likely to innovate.
5. We won't be able to get it past legal.
6. I've got too much on my plate.
7. I'll be punished if I fail.
8. I'm just not not the creative type.
9. I'm already juggling way too many projects.
10. I'm too new around here.

Knowledge blocks innovation

My respected former colleague Wilfred Rubens pointed me to an interesting posting on the HBR innovation blog of Scott Anthony. It is about the danger of knowledge blocking innovation. The central issue: people who have deep knowledge about a topic sometimes assume other people have that same knowledge. That in itself can be problematic for innovation, because R&D of companies can have wrong assumptions about level of knowledge of potential customers for their innovations. They assume customers know more then they do, making them blind for opportunities & threats regarding their innovations. Anthony supports this notion with a Gillette example. Although I agree to the expert blindness effect of having a deep body of knowledge in a field, I don’t see it block innovation. Most organisations involve multiple (knowledge) perspectives in their innovation processes, ranging from experts, production, marketing to customers. At least they will have extensive market research and field testing to overcome the issues Anthony is pointing at.

Nigeria: Embrace Entrepreneurship, Youths Told

Abuja — Nigerian youths have been encouraged to think and change their mindsets, in order to generate business ideas that they can be engaged in while in school and upon graduation from the university.

This process can only be achieved through development of sound character, work ethics and integrity while working at improved productivity among young persons.

Patent Application Filings: Fluctuations and Innovation

The current decline in patent filings at the United States Patent and Trademark Office (”USPTO”) has been well documented on many prominent intellectual property blog sites. In fact, according to a recent Patently-O blog entry, “new patent filings are down 16% so far in 2009.” This post examines the variability in the number of application filings in the United States (”US”) and abroad, and discusses the relationship between the number of filings and innovation.

TiE Atlanta Gala Celebrates Spirit of Full-Circle Entrepreneurship

ATLANTA (August 11, 2009) – When the Atlanta chapter of The Indus Entrepreneurs (TiE) hosts its annual gala on Sept. 26, the event’s location will have a very special meaning. The gala will take place at the Georgia Aquarium, a top Atlanta attraction made possible through a gift to the city by nationally known entrepreneur and philanthropist Bernie Marcus. “Full-Circle Entrepreneurship – Living Your Dream and Giving it Back” is the evening’s theme and the subject of Marcus’s keynote address.

Deal Terms Still Look Shaky For Start-Ups, But Improving

Start-up companies continue to give into harsher funding deal terms set by venture capitalists, but there are signs the mood is brightening.

Two Silicon Valley law firms, Cooley Godward Kronish and Fenwick & West, separately issued reports this week that analyze the terms of venture financings in the second quarter. While the reports offer different results, they come to similar conclusions: Market terms showed signs of improvement in the second quarter. Or as Cooley cautiously states on the top of its report, there are “early signs of potential improvement.” At least the market isn’t spinning out of control as once feared.

Innovation Nation

Claremont, CA (PRWEB) August 14, 2009 -- The Drucker Institute at Claremont Graduate University today released its latest issue of "Drucker Apps," a downloadable collection of useful insights on work and life from the world's foremost expert on organizations and effectiveness, Peter F. Drucker.

Available twice a month, Drucker Apps ties the timeless wisdom of one of the great thinkers and writers of the 20th century to the hottest issues of today, all delivered by the latest in 21st-century technology.