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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.

As a consultant who works in the innovation space, I've seen lots of innovation initiatives. Some were successful in spite of themselves, and some were failures even when all the "right" people were involved. Some rely overmuch on technology, and some succeed using paper and pencil. Some have plenty of training and process, some purely adhoc. But the common denominators of all successful innovation projects are two factors: vision and passion. Let's explore each of them briefly.

When I say vision, I am using the word to represent several characteristics or components. To me, vision is understanding the need to create something new, and understanding the emerging opportunities and/or challenges that a team should address. Vision is also about being able to communicate those facts to others and get them to see the same opportunities as you do.

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mark cuban cheeringWe've launched a new series where we ask successful entrepreneurs and executives a simple question:

What's the best business advice you ever got?

We started with Mark Cuban, the entrepreneur who built and then sold it to Yahoo for $8 billion in the late 1990s. Mark has since invested in dozens of other companies and owns and runs the Dallas Mavericks...

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Rochester, NY, May 28, 2010 – High Tech Rochester’s Entrepreneur-in-Residence (EIR) program was one of three EIR programs recognized as an industry best practice at last week’s International Conference on Business Incubation, held in Orlando, Florida. The other two organizations recognized in this category were Cleveland JumpStart, and the Oregon Technology Business Center. In addition, HTR’s EIR program is featured in a new book from the National Business Incubation Association entitled “Best Practices in Action: Guidelines for Implementing First-Class Business Incubation Programs (Revised 2nd Edition).”
“We are honored to have our EIR program recognized as one of the best in the nation,” said James Senall, president of High Tech Rochester. “This program has been a hallmark of HTR for many years, and has directly contributed to the growth of many local companies. We are eager to continue to expand and evolve this program going forward, to generate an even larger impact on job and wealth creation here in the Rochester region.”

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exercise chemical profile fit unfit metabolites performance supplementsThe virtues of exercise are myriad: better cardiovascular health, decreased risk for diabetes, boosted mood, and even perhaps a leaner physique. But aside from such macro links and knowledge about the heart rates, blood–oxygen levels and hormonal responses related to exercise, scientists have a relatively cursory understanding of the chemical mechanisms at work in the body during and after physical activity.

A new study, published online May 26 in Science Translational Medicine, presents a thorough profile of exercise's impact on the human body's metabolites in plasma—and reveals vast biological differences among more- and less-fit individuals. The findings also reinforce links between exercise and insulin sensitivity as well as point to new ways to enhance exercise for both healthy individuals and those suffering from cardiovascular or metabolic diseases.

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Which American cities will lead the nation into the next decade?

No doubt the challenge must be met with a delicious mixture of creativity, livability and innovative ideas. The folks at Kiplinger’s Personal Finance Magazine commissioned Kevin Stolarick, research director at the Martin Prosperity Institute, to evaluate U.S. cities for growth and potential.

So what did he find? That smart people, smart ideas and — perhaps most importantly — smart collaboration between government, universities and businesses “really supercharges a city’s economic engine.”

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Business & Small Business HomeA bold concept perfectly in sync with the moment: It's what great companies are built on. It's what shapes the future. It's entrepreneurship at its best.

Where can you find that kind of thinking now?

We looked at 10 areas that are growing fast--from mobile technology and outsourcing to fitness and pets--and found 10 companies in each that bring jaw-dropping ingenuity to the table.

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RealClearPoliticsCarl Schramm, President and CEO of the Ewing Marion Kauffman Foundation, discusses entrepreneurship and education with Charlie Rose.

"What's good in the United States is good almost any place in the world. The universal about starting an indigenous economy is getting firms underway. In fact, there's no other variable that explains growth better than the velocity, the rate of which new firms are being formed."

He goes on to talk about Iraq's economy and government's role in entrepreneurship.

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EurActiv LogoInstilling an entrepreneurial spirit in young people has become a popular idea in EU policy circles, but some businesspeople say initiative is something that comes from within and cannot be taught.

Entrepreneurs and policymakers weighed up the merits of inserting entrepreneurship into educational curricula at a debate organised on 25 May by the Generation Europe Foundation and European Confederation to mark SME Week.

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Glenn SmithI recently took part in a one-day symposium that aimed to identify and remove impediments to successful commercialization in Canada.

There was a lot of talk about sales and selling — issues that connect to the larger problem facing Canadian technology companies: an infatuation with technology and disregard for commercialization.

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Welcome to PIYou can’t be a product startup if you aren’t measuring revenue/employee number. Unless you are superbly well funded and have lots of cash to throw away, each hire has to have specific KRA and most importantly, the product/service needs to be delivered in the most optimum form.

In fact, at the UnPluggd event, this was one of the key takeaway from Sri Krishna’s session [+ the ratio of sales/engineers in a technology business].

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In February of last year, President Obama signed into law the American Recovery and Reinvestment Act. The $787 billion act included $500 million allocated to train “green-collar workers” in the environmental sector. The inclusion of this funding in the bill was a major boon for the city of Philadelphia, whose own commitment to building a green economy was well under way.

The Philadelphia initiative was spearheaded by local BALLE chapter and founding member Sustainable Business Network of Philadelphia (SBN). SBN Executive Director Leanne Krueger-Braneky heard Van Jones, author of The Green-Collar Economy, speak at the 2007 BALLE annual conference. Inspired by his work to bring green jobs to disadvantaged communities, Leanne realized that green jobs development could have an enormous, positive impact on Philadelphia’s low-income communities. She invited Jones to Philadelphia where he challenged the city to meet a simple, straightforward goal: train 100 low-income individuals in green jobs within one year.

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Steve Jobs looks dapperApple's stock market capitalization (AAPL) has not yet quite surpassed Microsoft's (MSFT), but the value of its actual business is now higher.

Specifically, Apple's business is now worth $200 billion, while Microsoft's is only worth $197 billion--at least by one simple calculation of enterprise value.*

What's the difference between a company's stock market capitalization and the value of its actual business (which is referred to as "enterprise value")?

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