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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.

TechCrunchYesterday some of Europe’s most influential and active seed/angel investors got together in London for a ’summit’ organised by Seedcamp, the pan European early stage startup programme. We understand the morning of SeedSummit (press weren’t invited) was devoted to frank exchanges between the investors about the current stage of early stage seed funding in Europe, with the afternoon reserved for a more public showcase of Seedcamp startup pitches.

Held at the offices of NESTA in London, the event was outlined by Seedcamp’s Saul Klein on his blog.
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Tampa BayTwo national business organizations had differing views on the latest bill to make it through the U.S. House of Representatives.

TechAmerica, which represents approximately 1,500 member companies of the U.S. technology industry, applauded House Resolution 4213 — more commonly known as The Tax Extenders Act of 2009 — because it extends the current research and development tax credit for another year.

“The R&D credit is an investment in high-paying jobs for hardworking Americans,” said TechAmerica president Phil Bond in a release. “With similar action in the Senate, companies can proceed with assurance that the credit will be there one more year.”
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Tallahassee Florida students are pretty much last in the nation for science."

That's a shocking statement, and even more so when made by a Florida Department of Education bureau chief. But that was one of the conclusions Todd Clark delivered to the Florida Organization of Instructional Leaders, a gathering of district officials from around the state. His presentation, titled "State of the State for Florida Student Achievement" and published Nov. 19 in the Orlando Sentinel education blog School Zone, was a courageously candid assessment of the state's public education situation.

Such a declaration should be a rallying cry for the state's policy-makers, since the twin goals of K-12 science education — scientific literacy for all and the education of a greater number of excellent scientists and engineers — are necessary steps for Florida to make the transition to an innovation economy.
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By Trent Batson
12/02/09
Web 2.0, named in 2004, was the cultural tipping point when virtualization or cloud computing became the emerging default throughout our society and therefore on campus: Though this moment is, and will be understood decades from now to be, the end of one human era--when the entire thrust of knowledge-making was toward permanence and individual authority--and the beginning of another when the entire thrust of knowledge-making is toward conversation and consensus authority, few have any sense of the true disrupted equilibrium we live within every day.

Web 2.0 is probably better described as the global renaissance of the collective conscious, the flowering of the Platonic ideal and the Aristotelian pragmatic, because now, post-2.0, when only the failure of imagination stands in the way of learning and communication, we are experiencing a flowering of knowledge never known before.

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ChangeOver the course of the next week, I'll be posting my predictions of the top trends that will shape social entrepreneurship in 2009. The week after, I will release a list of the top moments of the previous decade 2000-2009 in social entrepreneurship. I've got a pretty good idea of what my list is going to look like, but I'm interested in getting more recommendations.

For those of you willing to help, I'd love if you used the comments on this post to leave your best suggestions. I can't guarantee that everything will make it into my list, but I'll certainly take the time to look at everything people post.
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PatentPatent filings fell in 2009 for the first time in 13 years, worrying Silicon Valley that it is losing its place as the leader in global innovation.

NEW YORK (CNNMoney.com) -- U.S. innovation slowed this year for the first time in 13 years as the recession cut into budgets, and costs to protect inventions rose.

The number of patent filings in the United States fell 2.3% in 2009 to 485,500 from 496,886 last year, according to a preliminary estimate by the U.S. Patent and Trademark Office. That makes 2009 the first year since 1996 in which businesses and inventors filed fewer patents year over year.

"That's unfortunate because [patent filings] are a reflection of innovation," said David Kappos, director of the Patent Office. "Innovation creates so many jobs and so much opportunity for our country. It is absolutely key to our long-term success in the global economy."
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We have been asked to relay to the broad scientific community the following opportunity to advise US government policymaking deliberations.
You can read the latest updates at: www.whitehouse.gov/open

The Obama Administration is seeking public input on policies concerning access to publicly-funded research results, such as those that appear in academic and scholarly journal articles. Currently, the National Institutes of Health require that research funded by its grants be made available to the public online at no charge within 12 months of publication. The Administration is seeking views as to whether this policy should be extended to other science agencies and, if so, how it should be implemented.

The Office of Science and Technology Policy in the Executive Office of the President and the White House Open Government Initiative are launching a "Public Access Policy Forum" to invite public participation in thinking through what the Federal government's policy should be with regard to public access to published federally-funded research results.

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NSTTHE future will always be defined by creativity and innovation. We should nurture these traits in our children, and not move backwards by implementing a system that produces young people unable to think critically.

We need an academic evolution with a creative focus that will empower our young with the skills to use the tools of this new era of digital functions and global connectivity.

What is needed is a profound reform that places higher value on creativity to encourage students' personal development rather than emphasis on classroom disciplines.

The rise of innovation to the top of the agenda of many countries today has resulted in a profound shift in the nature of global competition.
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AURPCOLLEGE PARK, Md. - Changes in federal policy can increase the effectiveness of a key national asset in job creation: university-based research parks and technology incubators, according to U.S. Senate testimony today by Brian Darmody, president of the Association of University Research Parks and a University of Maryland associate vice president.

"We can harness our existing research and development infrastructure to create new jobs, new opportunities, and new companies with administrative reforms and relatively modest federal direct investments," Darmody told the Senate Committee on Commerce, Science and Transportation.

In prepared testimony, Darmody recommended a series of actions, including loans, tax-free financing and more flexible government procedures for commercializing technology developed with federal support.
A complete transcript of his prepared remarks follows below.

Darmody and the University of Maryland have taken a leadership role in developing Maryland's largest research park and technology incubators, creating significant economic impact.

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WSJMost Alternative Fuel Technologies Have Roots in Long-Ago Discoveries; Scarcity of 'Killer Apps' Slows Progress

PEORIA, Ariz. -- As light filled the sky on a recent morning here, a handful of giant mirrored dishes were being prepared to track the sun and ultimately feed solar-generated electricity into the Phoenix area.

High-tech marvels, the solar dishes look like three-story-tall mirrored flowers atop steel stems. But at the heart of each dish is a very old-fashioned invention: a Stirling engine, patented by a Scotsman in 1816, decades before the diesel or internal combustion engine.

The cutting edge of renewable energy is littered with long-established ideas such as the Stirling. From generating power from the wind to harvesting liquid fuel from algae, some of today's most promising new technologies are actually quite old.
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CNN(Fortune Small Business) -- When Bill Gates's children become adults, they'll probably launch their own businesses.

And not just because of their father's example. Entrepreneurial tendencies -- including the ability to recognize business opportunities -- are heavily influenced by genetic factors, according to a study co-directed by Scott Shane, a professor of entrepreneurial studies at Case Western Reserve University.

Shane and his fellow researchers compared the entrepreneurial activity of 870 pairs of identical twins -- who share 100% of their genes -- and 857 pairs of same-sex fraternal twins -- who share 50% -- to see how much of entrepreneurial behavior is genetic and how much is environmental.
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Arctic1. Trying to raise money too late
Raising money is time consuming. Count with an absolute minimum of 3 months, with a more likely scenario being 5 – 7 months.

2. Trying to raise money too early
There should be a logical relationship between the perceived value of the company in need of cash and the amount of cash to be raised. Trying to raise significant sums simply based on an idea usually fails, which leads us to point 3 below:

3. Lacking a realistic assessment of the companys’ value
Some entrepreneurs seem unaware of what drives value and ignore the importance of building some form of substance before approaching investors.

4. Not building enough substance before approaching investors
Investors tend to look at the following factors when determining the value of a venture:
• Team, advisory board and board of directors
• Strategic partnerships
• Customers and customer value
• Prototype/proof of concept
• Immaterial rights/protection
• Scaleability and market potential

 

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