Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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.

We have a lot of misconceptions when it comes to creativity. Not only it is a valuable tool in our personal development but it also can improve our life tremendously if it is properly understood. Let’s clarify some of the myths out there about creativity.

1. Only special talented people are creative.

While it is true that it seems like people like Mozart or Picasso are more creative then others, if looked at closer, their creative genius will reveal a lot of very hard work, rather then innate talent. Usually people, who demonstrate higher then average creative abilities, also work much harder then the average person.

Read more ...

LAST year was a fabulous one for entrepreneurs, at least according to the Kauffman Index of Entrepreneurial Activity released last month by the Ewing Marion Kauffman Foundation. “Rather than making history for its deep recession and record unemployment,” the foundation reported, “2009 might instead be remembered as the year business startups reached their highest level in 14 years — even exceeding the number of startups during the peak 1999-2000 technology boom.”

Read more ...

The Babson Entrepreneurship Ecosystem project has been established at Babson College to help societies around the world create the policies, structures, programs and climate that foster entrepreneurship. Daniel Isenberg, Professor of Management Practice at Babson Executive Education, is project director.

The project offers “rules for revolutionaries” that are down-to-earth guidelines for leaders who want to make a difference now by fostering greater levels of entrepreneurship. These rules are drawn from entrepreneurship experiences of over 2 dozen countries around the world, and will help the committed leader move his or her society to become more positive, vibrant, inclusive, and innovative.

Read more ... Federal Communications Commission on Tuesday released a survey that found widespread ignorance among broadband users about the speed at which they're sending and receiving data.

The survey, conducted by Abt/SRBI and Princeton Survey Research Associates, International during the period from April 19 to May 2, 2010, involved 3,005 adults, 1,742 of whom subscribed to broadband Internet services.

Read more ...

The Rise of Crowd Science 1Alexander S. Szalay is a well-regarded astronomer, but he hasn't peered through a telescope in nearly a decade. Instead, the professor of physics and astronomy at the Johns Hopkins University learned how to write software code, build computer servers, and stitch millions of digital telescope images into a sweeping panorama of the universe.

Along the way, thanks to a friendship with a prominent computer scientist, he helped reinvent the way astronomy is studied, guiding it from a largely solo pursuit to a discipline in which sharing is the norm.

Read more ...

Chinese pirates are tech's new innovatorsPsst! Want to pay £90 for a brand new, much enhanced iPhone with its own fold-out leather keyboard, built-in analogue TV set and slots for not one but two SIM cards? Or how about a shiny better-than-Nokia handset, containing an integrated heated coil that serves as your elegant cigarette lighter? Yup, if you want a cheap Vertu phone that incorporates Ferrari designs, or a pristine new iPad that runs Windows XP, our China contact, Tai-Pan, will sort you out. Just click on his website,, to survey the latest in not-quite-genuine brand-name electronics.

Read more ...

SAWID Logoustainable development, economic growth, and peace and security cannot be achieved without gender equality, UN Deputy Secretary-General Asha-Rose Migiro said on Monday, citing evidence of the beneficial impact of women's empowerment.

"Numerous studies have found that companies with a more balanced representation of women and men in their top management teams considerably outperform those where such representation is low," she told the International Forum on the Role of Leadership in Promoting Gender Equality in Kigali, Rwanda, Martin Nesirky, the UN spokesman, told reporters here.

Read more ...

Globally recent times have been a roller-coaster in terms of economic stability. The world is still recovering from the crisis that started in the West while Europe is fighting it’s own battle and one would assume this may not be the best of times to start a new business or be an early stage startup. However, in the United States at least, figures would say otherwise.

A recent study published by National Association of Seed and Venture Funds (NASVF) and the Temple University Fox School of Business said the percentage of venture and angel funds focused on investing in seed stage companies has increased 40% from 2009. Some of their findings from the survey conducted include:

Read more ...

201006011718Last week, a young bottlenose dolphin named Merlin became the first of his species to join the growing number of enthusiasts using the Apple iPad. Dolphin research scientist, Jack Kassewitz of, introduced the iPad to the dolphin in early steps towards building a language interface.

“The use of the iPad is part of our continuing search to find a suitable touch screen technology which the dolphins can activate with the tip of their rostrums or beaks. After extensive searching and product review, it looks like our choice is between the Panasonic Toughbook and the Apple iPad,” Kassewitz explained. “We think that once the dolphins get the hang of the touch screen, we can let them choose from a wide assortment of symbols to represent objects, actions and even emotions.”

Read more ...

jeff_bussgang.jpgI swore I would go offline for much of Memorial Day Weekend. But I cheated and peeked at my email late Saturday afternoon and discovered an email from a friend saying, “I’m surprised to see you take such a public stance on the capital gains tax rates,” with a link to a New York Times article on the topic.

I read the article in the New York Times on the carried interest debate and was shocked to see my name and a reference to me that read:

“As the Senate Democrats sent signs that they were open to a tax increase, investors and their lobbyists mobilized quickly, warning that the proposal could stifle investments that create jobs. A group of 80 venture capitalists traveled to Boston to urge Senator John Kerry and Representative Barney Frank, Democrats of Massachusetts, to exclude their business from the tax change, according to Jeffrey Bussgang, a partner at the Boston venture capital firm Flybridge Capital Partners.”

Read more ...

Leading global early-stage venture capital firm Draper Fisher Jurvetson (DFJ) and Cisco /quotes/comstock/15*!csco/quotes/nls/csco (CSCO 23.27, -0.08, -0.34%) today announced they will jointly hold the second annual global business plan competition for students aimed at fostering innovation and entrepreneurship. The competition will leverage Cisco TelePresence(TM), which enables collaboration through a live, face-to-face video network communications experience, to allow finalists from around the world to present their business plans in real time to a joint panel of DFJ and Cisco executives based in San Jose.

The competition is designed to elicit new technology-oriented ideas from aspiring college and university student entrepreneurs around the world. Fourteen finalists will be announced on June 22, 2010. The winner, who will be announced on June 29, 2010, will receive a minimum of $250,000 seed money. The winner will also receive professional feedback and mentorship from both DFJ and Cisco.

Read more ...