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.

New York (CNN) -- Israeli Prime Minister Benjamin Netanyahu returns to Washington, D.C., Monday to address a conference of the American Jewish Federations at a time of concern in Israel that the U.S.-Israel relationship is adrift.

Although Netanyahu has used each of his recent U.S. visits to make the case for confronting Iran and its nuclear ambitions, he might consider broadening the subject.

Israel's leader should speak to Americans not just about what threatens Israel, or what Israel's critics say, but also on what is unique about his nation's economy at a time of great economic uncertainty for Americans, when the unemployment rate here has just crossed the 10 percent threshold.

Read more ...

The Department of Homeland Security Science and Technology Directorate, pre-issued its 2010.1 SBIR Solicitation. The full solicitation will be released on November 18th and the agency will accept proposals until 4:30 PM on January 4th. Phase I Awards are up to $100,000.

Read more ...

The post I wrote a couple of weeks back - Is Ireland Really and Innovation Island? – received more interest than usual and in particular generated a very interesting discussion in the comments that is worth checking out. The conversation around the need for an online network for innovators and entrepreneurs continued offline with Michael and Johneric. I’ve volunteered to articulate what I see as the essence of that conversation to see if there is potential in developing something practical out of it.

No Shortage of Irish Innovators

All are agreed on this at least, even if some think that IDA, EI and multi-nationals need to do more to support and foster budding entrepreneurs. The Internet is now facilitating a whole new breed of lazy entrepreneurs. However there are many innovators that for very practical reasons will probably never bring their great ideas much further than a few scribbles on scraps of paper.

Read more ...

Here’s the latest from VentureBeat’s Entrepreneur Corner:

Shoestring marketing for startups – Young companies typically don’t have the budget for a substantial marketing campaign, but that’s not necessarily a bad thing. As you search for your niche and your company evolves, serial entrepreneur Scott Olson offers advice on the best ways to get a big marketing bang for your buck.

Lean startups aren’t cheap startups – Too many entrepreneurs assume the lean startup methodology is a way to save money. It can be, but that’s not the idea behind the philosophy. Serial entrepreneur Steve Blank clears up some of the confusion, clearing up some commonly held misconceptions.
Read more ...

In early 1998, Bill Gates headed Microsoft at the peak of its commercial powers. The world’s preeminent software giant claimed a 90 percent market share in all desk and laptop PCs and it was difficult to imagine anything that could unsettle, much less evoke fear in, the Sultan of Software.

Nonetheless, when asked what challenge he most feared, Gates responded, “I fear someone in a garage who is devising something completely new.” Sergey Brin and Larry Page, the cofounders of Google, were that very pair. Nestled in a Menlo Park, Calif., garage, these two software engineers were preparing to launch a product that would change the way the world used the Internet.

Read more ...

Most believe new businesses provide substantial economic benefits. Scott Shane explains why this isn't normally the case

Myth: The typical entrepreneur creates jobs, generates innovation, provides wealth, and rejuvenates communities.

Reality: Only a minority of entrepreneurs start businesses that provide these benefits.

While it may be true that some entrepreneurs provide substantial economic benefits, our view of what the typical entrepreneur can—and wants to—accomplish is greatly overestimated. In large part, this is because the typical entrepreneur—out of about 12 million people trying to start businesses every year—has low aspirations.

 

Read more ...

I’m sure I’ll spark the ire of some VC’s for saying so, but there is certainly such a thing as black-out days in venture capital. It’s worth you knowing this so you don’t waste your time. It’s also very important to understand so that you can properly plan when you raise money.

Let me first tell you the black-out periods and then I’ll explain why. It is very difficult to raising venture capital between November 15 – January 7th. It is also very hard to raise VC from July 15 – September 7th. (you need to have had your first meeting even earlier.) If you’re thinking about raising VC and have not yet started the process, you’ve probably already missed the boat for 2009.
Read more ...

In a recent article1, we investigate the new American dynamic in regards to innovation.  We are particularly interested in the article « Creating a National Innovation Framework », published in « Science Progress », which proposed a new system of governance of innovation by the American federal government. However, we wanted to know more – so the Mission for Science and Technology (Boston Section) contacted one of the article’s authors, Mr. Richard Bendis, to ask him a few questions. The phone interview took place on October 27th, 2009.

 

Read more ...

In April, San Francisco startup Airbnb.com made enough money to allow the firm's founders to hire employees so they could expand their online marketplace that enables people in 93 countries to rent spare rooms to travelers.

Since then, the startup has created seven jobs - a tiny step in the right direction at a time when the U.S. unemployment rate has risen to a 26-year high of 10.2 percent.

Read more ...

Retail sales are projected to decline this holiday season for the second year in a row, an occurrence unprecedented in the entire history of the federal government keeping statistics on such things. Online retailers will continue to face stiff pricing pressure, as they have for more than a year. Free shipping has become almost the ante in such a competitive environment.

That's why Amazon's shipping program, Amazon Prime, is so impressive. For a company that ships 100 percent of its products, finding a way to neutralize pressure on shipping costs is no small thing--especially when it's competing with Walmart, which offers its online customers 97 cent shipping on many products, or the option to pick up their orders at a nearby store for free.

Read more ...

(Nov. 5) -- The United States may have officially entered the age of woman.

According to the Bureau of Labor Statistics, this fall, for the first time in U.S. history, women have surpassed men and now make up more than 50 percent of the nation's workforce. In 1967, by comparison, they accounted for just one-third of all workers.

Signs of the changing landscape in gender relations are just about everywhere you look:

Read more ...

KALAMAZOO – The Michigan investment climate is improving, according to a panel of private equity finance professionals who spoke Tuesday during the MichBio Expo in Kalamazoo.

With such recent successful sales to much larger company – including Ann Arbor’s HandyLab and HealthMedia – a signal has been sent to Wall Street that Michigan indeed has great deal flow, said Greg Main, CEO and President of the Michigan Economic Development Corp.

Read more ...