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.

Silicon Valley InsiderThis should be a good year for tech: Now that the worst of the recession seems to be over, 2010 is a great time for new gadgets, Web sites, media products, and business models to rear their heads.

For instance, we're especially excited about the tablet computing era that Steve Jobs may kick off in a few weeks. And we're also interested in what Google may try to do in the mobile industry.
Read more ...

Kapil SibalIvy League colleges -- Yale, Harvard, Princeton and the Massachusetts Institute of Technology -- have approached the ministry of human resources development to collaborate in the proposed Innovation Universities across the country, official sources said.

These universities are a part of the ministry's 'brain gain' policy to attract talent from all over the world. Human resources development minister Kapil Sibal [ Images ] had last August announced that 14 Innovation Universities will be set up in the country under the 11th Five-year Plan (2007-12).
Read more ...

Business InsiderWhen Fred Destin asked his readers to tell him "why VCs are disliked by entrepreneurs," he was inundated with responses from experienced entrepreneurs who have had "real, hands-on experience with (often prominent) VCs."

The entrepreneurs had complaints about VC behavior -- from treating entrepreneurs disprespectfully, to implementing selfish business practices that are not at all in the best interests of the startups in which they have invested.
Read more ...

PluggedInHere is presenting the top 10 articles published in 2009 under the category Entrepreneurship. If you notice, majority of these articles are contributed by startups as well as VCs and we urge you to read them/share with other entrepreneurs.

* How to Write a Business Plan?
* Enterprise Sales Strategy – What you need to know before you talk to that BIG Guy
* 5 personal finance mistakes that first time entrepreneurs must avoid
* VC 101: The Process of VC due diligence and what it means for startups [Must Read]
* 101 on How VC Industry Works [Must Read for all you Entrepreneurs]
* Ethics, Startups and the case for being ‘Practical’
* Startups – Do you empower your employees to take $ decision?
* Desperation Level – Do you Measure Business Partners on that?
* Innovating on a Shoestring Budget – Myths Broken
* Entrepreneurs – Do you Know your Blind Spots

[Editor's Note: details and links to articles can be found on the original article.]
Read more ...

WEbsitesA website is a great branding and marketing tool for any small business. It is also essential for a business strategy to ensure its brand, location and products are found in search engine listings.

In 2009 it became easier to design your website. Businesses had the choice of do-it-yourself website builder’ tools or open source software like WordPress etc. The open source software may require some initial setup help unless the business owner is technically savvy. In 2009 ready-to-use templates also got more sophisticated in the appearance of the finished product, i.e, the published web site, and at the same time got easier to use for the end user. Another new trend for 2009 was getting a design for your website or logo as a contest through “crowdsourcing” with sites like 99 Designs, CrowdSpring and Genius Rocket.
Read more ...

MechanicsAs usual it was Peter Drucker, the godfather of modern management, who said it first. Right back there in 1966 (!), in his landmark book "The Effective Executive", Drucker argued that companies would need to build a new kind of organizational capital as the industrial economy gave way to the knowledge economy. His famous proclamation was that, in future, brainpower would be a more valuable asset for wealth creation than factories and financial clout. All of which came true, of course. But that was not the end of it. Now, over four decades later, we are once again challenged to rethink organizational capital as we make the transition from a knowledge economy to an innovation economy. And that creates a new agenda for every single company.
Read more ...

Indian Science CongressThiruvananthapuram: India is planning to develop a suitable science, technology and innovation policy framework to encourage innovations. At the end of the current 11th plan, India might need a strategy to assess and measure the economic impact pf R&D and technology-led GDP growth and prepare a roadmap for adequate investments into the science, technology and innovation during the 12th plan period.

Gross investments into research and development form an important indicator of global competitiveness, said the minister for science and technology and earth sciences, Prithviraj Chavan while delivering his keynote address to the 97th Indian Science Congress here on Sunday.
Read more ...

Mike Lucas for Dow JonesWhen New York Attorney General Andrew Cuomo and the Securities and Exchange Commission announced in March that they were investigating pay-to-play problems at the New York State Common Retirement Fund, we had a feeling it might be big, coming as it did in conjunction with broader calls for reform in the financial services industry. But little did we know just how big.

Scarcely a week has gone by since then when we haven’t found ourselves covering this from one angle or another, leading us to periodically massage our aching wrists and wish the Common Retirement Fund had a shorter name.

Despite the numerous guilty pleas (the most recent being that of Elliott Broidy) and settlements Cuomo has already extracted, it may be that we’ve only seen the tip of the iceberg in this scandal, as there are also hints of wrongdoing in other states, including New Mexico and California, as of yet not fully explored. That is dangerous, as each additional charge of malfeasance or guilty plea will only add to the massive damage already done to the private equity industry’s reputation.
Read more ...

Rules of InnovationCoral Springs, FL (PRWEB) January 4, 2010 -- According to the authors of the forthcoming book, Robert’s Rules of Innovation™ (ISBN # 978-0470596999, John Wiley & Sons), the number one New Year’s resolution for savvy business leaders should be implementation of a sustainable culture of innovation -- despite the steady drumbeat of negative economic news.

The authors assert that accelerated innovation is a key to maintaining corporate health into the new year and beyond, as well as helping secure the U.S.’s place in the global economic order. “Although it’s understandable to be wary of failure in such a financially uncertain time, this is exactly the worst type of environment to shy away from aggressive innovation efforts and their inherent risks,” said Robert Brands, author of the book, with Martin Kleinman.

Read more ...

Credit: Blogging InnovationI [Mark Anderson] love a new year. It’s a fresh start, an opportunity to refocus my goals, a chance to try something new. And there’s party hats!

But there’s not a lot to poke fun at. You can use the number of the year, but that obviously has an extremely short shelf life. There’s the ball dropping in New York, but drawing a big crowd is no fun. So, you’re pretty much left with resolutions.
Read more ...

Techmeme Top 10Ignore all the other lists! As we did last year, Techmeme has distilled its very own Top 10 story list, utilizing headline ranking data archived throughout the year. While we employ a terrific team of news editors to guide our story selection, this list draws on many factors outside our direct influence, making it a … nearly objective sampling of what was important in 2009.

The list is dominated by milestones and turning points at Apple and Google, who have an outsized impact on the rest of the industry. A few truths discovered over the past 12 months: The boundary between a partner and an awkward competitor is awfully thin. Steve Jobs is always a hot topic. And nothing, I mean nothing, gets keyboards clicking like the tantalizing promise of tomorrow's technology.
Read more ...