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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.

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.

One Down: Vinod Khosla Closes $250M Seed-Stage Fund by Tomio Geron

More details have surfaced about one of the new funds raised by Khosla Ventures, the venture firm run by Vinod Khosla, one of the most prominent investors in Silicon Valley.

The California Public Employees’ Retirement System disclosed it committed $60 million in June to Khosla Ventures’ $250 million seed fund, which Calpers said has finished fund-raising. Khosla Ventures Seed LP will focus 75% on clean technology and 25% on information technology, according to the nation’s largest pension fund.

Capital Markets Matter by Joseph W. Bartlett

The financial crisis facing promising young high-tech startup companies today is sadly not the sole result of the current credit crisis but rather extends back over the past ten years to the dotcom stock market meltdown in 2000, which both shocked the financial markets and closed the window for initial public offerings to all but a handful of innovative new companies. The current credit crunch only exacerbates the financial problems faced by startups in our capital markets today.

 

How The President Can Rekindle Spirit Of Job-Producing Innovation by Bryan Anderson

In his regular Saturday address on Aug. 1, President Obama commented on the need for the country to "recapture the spirit of innovation." He further opined that "innovation is essential to prosperity."

Neither one of these concepts is lost on regular readers of Investor's Business Daily, as every day the paper highlights new, innovative American companies and the prosperity they create.

Opinion - New funding for new ideas by Panos Louridas

A common complaint heard in Europe is that funding for research and development lags far behind that of the United States. In particular, the US public sector spends $50 billion per year in procurement for R&D, which is 20 times higher than in Europe, and accounts for 50% of the investment gap between the US and Europe. Even taking into account large investments in defense, the US expenditure in R&D is still four times higher than that of Europe.