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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.

Kiplinger, font of finance advice, business forecasts and informational analysis, has released its annual "Best Cities" for the next decade list. But despite its focus on money, Kiplinger did not solely base its research on average annual incomes, salary hikes, or cost of living. Although those monetary issues are major concerns in choosing a city for living, people need more. They need art and culture, education and innovation. And these days, riddled by the economic and environmental concerns that plague large metropolitan areas, cities offering of out-of-the-box solutions also draw residents.

Kiplinger thought of all these aspects in creating their list.

In our search for top destinations for your future, we focused on cities where governments, universities and business communities work together to supercharge the economic engine. And it is no coincidence that economic vitality and livability go hand in hand.

Creativity in music, arts and culture, plus neighborhoods and recreational facilities that rank high for coolness attract like-minded professionals who go on to cultivate a region's business scene. All of which make our 2010 Best Cities not just great places to live but also great places to start a business or find a job.

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SANTA CLARA, CA--(Marketwire - July 13, 2010) - TiE today announced the formation of TiE Angels, an angel investment group comprised of charter members of TiE Silicon Valley. The group's mission is to provide entrepreneurs access to seed capital and ongoing strategic and operational support. Many TiE charter members, who are some of the most creative business thinkers and company builders across the world, are already investors in, and advisors to emerging companies. With its objective of expanding access to capital for early stage companies, TiE Angels is a natural extension of TiE's primary goal of fostering entrepreneurship.

"Since its inception, TiE has served exceptionally well as a mentor, educator, and advisor to entrepreneurs who have created great companies with early-stage funding from our venture capital colleagues," said Mr. Vish Mishra, TiE Silicon Valley President and Venture Director of Clearstone Venture Partners, a successful early-stage venture capital firm with $700M of committed capital to technology innovators. "TiE Angels will now fill that role by providing seed capital to put promising entrepreneurs on the first-rung of the success ladder, a crucial need in the current economic environment."

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According to this article in USA Today, The Porsche hyrbid model Spyder 918 could cost more than $630,000 which would beat the Carrera GT which is priced at $571,000. This innovative car features a 500hp engine and can go from 0-60 mph in a whopping 3.2 seconds, while average 78 miles per gallon!

The post also details that research from Wall St. indicates that luxury cars are back in demand. At FEI Europe this past February, BMW Design Director Adrian van Hooydonk showed us the BMW Vision EfficientDynamics Concept car, could there actually be a market for these vehicles? Looks like only time will tell...

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 Images Contact-Lenses-As-Computer-Screens-388Display screens integrated into contact lenses (image above)? Micromechanical medical devices? Pervasive biosensors? A big challenge in the development of wearable and implantable gadgets is how to power them. Years ago, I wrote about efforts to develop a "glucose fuel cell" and other possible technologies to scavenge power from the human body itself. In the new issue of Smithsonian, Michael Belifore looks at the latest developments in that field, much of which is funded by the Defense Advanced Research Projects Agency (DARPA)'s Starved Electronics program. Belifore is the author of The Department of Mad Scientists: How DARPA Is Remaking Our World, from the Internet to Artificial Limbs. From Smithsonian:

Obviously, our bodies generate heat—thermal energy. They also produce vibrations when we move—kinetic energy. Both forms of energy can be converted into electricity. Anantha Chandrakasan, an MIT electrical engineering professor, who is working on the problem with a former student named Yogesh Ramadass, says the challenge is to harvest adequate amounts of power from the body and then efficiently direct it to the device that needs it.
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sharkattackAs Blue Fountain Media's director of business development, I often find myself in the position of being the first person an entrepreneur or executive talks to.

Many of the clients who come to us are small-business owners, entrepreneurs and startups.

While they are almost all intelligent, driven and savvy businesspeople, when it comes to understanding how the web works, a great majority have no idea how to use the web to their business's advantage.

This is not an indictment of my clients. Most websites fail when it comes to delivering new leads, new clients and new revenue.

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Reena Jadhav talks to Randy Williams, founder of Keiretsu Forum, about angel investing on her show, "Cashing Out: Exits and Valuations with Reena Jadhav."

In this segment, Randy talks about what entrepreneurs need to have in place to attract angel funding. He also talks about how much the Keiretsu network invests in angel rounds and what percent of the company a startup should be willing to give up for angel capital.


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The majority of chief executives at privately held technology companies expect to receive bonuses this year, according to a new poll, but how satisfied are they with their incentive compensation process?

It depends on how structured their compensation plan was.

ExpertCEO, a Web site that helps connect about 1,700 senior executives from all types of companies, polled its technology CEO members in June to understand the structure and process of their compensation. Of the 64 CEOs who responded, 80% say they are eligible to earn a performance-based bonus in 2010.

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2007. That's the last time we saw any true innovation in mobile hardware. That's the year that the first iPhone was introduced. Here, we are now, three years and three versions of the iPhone later and we've seen no significant innovations in mobile hardware. Sure, we've seen cameras with better resolution and faster processors, but those are just natural evolutions of technology that would be happening anyway. There has been no innovative development of hardware (or it's interactions) since that first iPhone set the new standard for mobile devices and how we use them.

If there's no innovation happening in the hardware world at this time, then where does it happen? It happens the only other place it can: software. Android devices are no more innovative, from a hardware standpoint, than the iPhone. The thing that differentiates them is the software, the content available. It does us well to remember, also, when the iPhone first came out, it was closed to developers. Only when third-party developers started building applications did it truly become a "must-have" device. One look at Apple's advertising validates this. Most of their advertising, these days, centers around applications that run on the device, not the device itself. Software developers are now responsible for creating content that is making these devices indispensable. Once again, content is king.

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The next time you twist an ankle or discover a strange rash, try using ZocDoc. It's an online service that makes the process of finding a doctor and scheduling an appointment much less painful.

ZocDoc asks you for a few simple bits of information: Your zip code, your insurance provider, and the kind of doctor you want to see. Then it gives you a list of local doctors, with pictures, patient ratings, and available appointment times. Click on a time and you're set. The whole experience is sort of like making an appointment at the Apple store (i.e. well-designed and easy).

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ANN ARBOR, Mich. – U.S. Commerce Secretary Gary Locke today announced the members of the National Advisory Council on Innovation and Entrepreneurship, a group that will support President Obama's innovation strategy by helping to develop policies that foster entrepreneurship and identifying new ways to take great ideas from the lab to the marketplace to drive economic growth and create jobs. Locke made the announcement at a U.S. Department of Commerce University Innovation Forum at the University of Michigan, where participants discussed the role of universities in innovation, economic development, job creation and commercialization of federally funded research.
“America's innovation engine is not as efficient or as effective as it needs to be, and we are not creating as many jobs as we should,” Locke said. “We must get better at connecting the great ideas to the great company builders. The National Advisory Council will help the administration develop a broader strategy to spur innovation and enable entrepreneurs to develop breakthrough technologies and dynamic companies, and to create jobs all across America.
“I want to extend my gratitude to the leaders selected to The National Advisory Council. Their work will be a key component of America’s economic recovery.”
Throughout U.S. history, basic research in public and private sector research labs has spawned new technologies and inventions that led to new businesses. And those entrepreneurial businesses have been important drivers of job creation. Firms less than five years old have accounted for nearly all net new jobs in America over the last 30 years. Yet, as a share of gross domestic product, American federal investment in the physical sciences and engineering research has dropped by half since 1970.
Since taking office, the president has taken significant steps to turn this trend around. The Recovery Act included $100 billion to support groundbreaking innovations in diverse fields, from healthcare IT and health research to smart grids and high speed trains. Last fall, the president announced a National Innovation Strategy, which called for doubling the budgets of agencies including the National Science Foundation, to better support basic research at our nation's universities. And the president's 2011 budget – while freezing domestic discretionary spending overall – increases funding for civilian research and development by $3.7 billion, or nearly 6 percent.
The National Advisory Council on Innovation and Entrepreneurship will help build on this aggressive agenda. Members of the council include serial entrepreneurs, university presidents, investors and non-profit leaders. Steve Case, Mary Sue Coleman, and Desh Deshpande will serve as Co-Chairs.  See the full list of council members below.
Managing Director, Madrona Venture Group
Founder and Managing Director, CMEA Capital
Vice President for Research and Associate Provost, Massachusetts Institute of Technology
President & CEO, SRI International
Chairman & CEO, Revolution; Co-Founder, AOL
Co-Founder, Zipcar
Founder, Chairman, President & CEO, Brightstar
Mary Sue
President, University of Michigan
President, Arizona State University
Chairman, A123 Systems, Sycamore Networks, Tejas Networks, and Sparta Group
Co-Founder, Bridge, NCD, Precept, Packet Design; Former CTO, Cisco Systems
Co-Founder, Chairman, President & CEO, Geomagic
Director, Innovation Economy, The Heinz Endowments
Dean, Howard University School of Business
Vice Provost for Innovation, University of Southern California; Executive Director, USC Stevens Institute for Innovation
CEO, JumpStart
Co-Founder, 3Com and Aspen Technology; Founding Managing Director, MIT Entrepreneurship Center
G.P. "Bud"
President, Georgia Institute of Technology
Founder & CEO, The Roberts Companies
CEO, Ben Franklin Technology Partners of Southeastern Pennsylvania
President & CEO, Ewing Marion Kauffman Foundation
CEO, Shmoop; Founding Executive, Yahoo!
Chancellor, University of North Carolina at Chapel Hill
President, National Academy of Engineering; former President, Massachusetts Institute of Technology
President & CEO, Battelle
Co-Founder and Chief Yahoo, Yahoo!