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.
The end of the year is a great time. Not only do you have the holidays, the cheer, and good friends and family close by, you also have the perfect start date for everything. Let me provide some examples and you tell me when it sounds familiar.
When are you going to rewrite your site content? After the first of the year!
When are you going to try out social media? After the first of the year!
Documenting the Decade
Readers submitted photos and their recollections of important moments from the last 10 years, documenting events including the Sept. 11 attacks, the space shuttle Columbia disaster, the war in Iraq, the Asian tsunami, Hurrican Katrina, the 2004 and 2008 elections and the recession.
[Editor's Note: This article is a pictorial piece documenting the last 10 years.]
The creation by entrepreneurs of a destination for tech companies in Rajasthan's Thar Desert shows it's time to rethink regional development planning
For government officials and planning consultants looking to create regional economic growth and drive innovation, industry clusters are the Holy Grail. Popularized by Harvard professor Michael Porter in the early 1990s, cluster theory holds that a government or economic development body can create a viable hub of economic activity in a specific industrial sector by bringing in businesses, suppliers, researchers, and additional related people or entities. In other words, a focused governmental effort can create something from nothing, turning, for example, a fallow field into a tech park bursting with highly competitive, innovative companies. Governments all over the world have invested millions—sometimes billions—of dollars to attract industries they consider strategic.
A proposal that will make it easier for foreign entrepreneurs in the US to start the next Google or Yahoo will be debated in the new year.
Congressman Jared Polis has proposed a start-up visa to entice "foreigners with good ideas" to stay in the US.
The issue has been gathering steam in Silicon Valley where half of all tech company founders are immigrants, according to Duke University research.
I [Jeffrey Phillips] read with great interest the post by Grant McCracken that addresses the "brief" moment in the sun for creative types. Grant's concern is that crowdsourcing will allow corporations to source design skills, ideas and other creative concepts from the internet, rather than turning to creative design organizations. In this, he is probably right. There's a growing awareness that there are good ideas "out there" if we can only tap them. You need look no further than Dell's IdeaStorm or BestBuy's Idea Exchange for proof. Currently you can create a campaign or contest to design a new logo. Chuck Frey's new logo at Innovation Tools was designed in a contest, and he allowed many of his readers to vote on the designs they liked best. What I'm having a hard time with is that the concerns McCracken raises are misplaced in my opinion.
Yes, there are thousands of creative types working in their homes and hundreds of thousands of people who have good ideas for Dell, and for BestBuy. And who could provide ideas to firms that really need them, like General Motors, or the Federal Government. But I digress. All we've done with crowdsourcing is leverage the internet to capture the ideas these individuals have always had. The internet has simply provided a marketplace for us to exchange our skills with willing buyers, whether those skills are design skills, or ideation skills, or photography skills in the case of Flickr and other photography sites. While this is happening, this doesn't portend the end of creative design firms or innovation teams in businesses. Here's why.
Here are our biggest stories of the year, as determined by you, the VentureBeat readers, and where you clicked. The list covers some of 2009’s most important products, announcements, and ideas, but also includes posts that fell squarely into the “just for fun” column.
We’re counting down to the most popular stories of the year:
Emily Medina isn't running a pyramid scheme, despite what people often think. As the petite 26-year-old works her way through some of New York City's poorer neighborhoods, she approaches women selling food and trinkets on the street and offers to lend them money to grow their businesses. The organization Medina works for, Grameen, is one of the world's largest microfinance outfits and has a Nobel Prize to its name for this work. But in New York neighborhoods where loans to street vendors tend to come with interest rates north of 40%, it can take a while to build trust. "I didn't believe it until I had the $1,500 check in my hand," says jewelry seller Rosa Lopez.
Thirty years ago Muhammad Yunus, the founder of the Grameen franchise, started lending small sums to poor entrepreneurs in Bangladesh to help them grow from a subsistence living to a livelihood. His great discovery was that even with few assets, these entrepreneurs repaid on time. Grameen and microfinance have since become financial staples of the developing world, but by coming to the U.S. Grameen is taking on a different sort of challenge: one of the planet's richest countries. Yes, money may be tight in the waning recession, but this is still a nation of 100,000 bank branches.
Even before the current global meltdown, a New Age business model for entrepreneurs had emerged in the United States as a result of the convergence of four major factors: globalization, the Internet, knowledge and technology, and advancements in the understanding of entrepreneurship, management and leadership.
The development of the New Age entrepreneurial business model is a composite of research from a number of sources, including the Kauffman Foundation's 2008 State New Economy Index and my personal research and experiences in evaluating dynamic, high-growth ventures.
This business model includes two major components - a description of the New Age entrepreneur and the emergence of high-growth business ventures that achieve extraordinary results.
When you create your corporation and make it a legal entity in the principal State of Business, Nevada, or Delaware, one of the requirements is to Capitalize your company to give it value.
What this means is to create a number of shares (stock) in the company and give it a “par value” (which may be no par value). You are taxed based on this value until you start making revenue, etc.
Do you think you live in a state that encourages and supports entrepreneurism? You simply need to ask the Small Business & Entrepreneurship (SBE) Council. Recently, the SBE Council released data announcing the top states that have the best climate for entrepreneurs to excel – and the results may surprise you!
The SBE’s Take on the Small Business Environment
Who is the SBE Council? The SBE Council is a non-partisan, non-profit small business advocacy group whose mission is to protect small businesses and promote entrepreneurship. Part of their mission is to educate lawmakers and elected officials, as well as the public, to advance policies and laws that make entrepreneurship easier.
In response to the terrorist bombing attempt on Christmas Day, Dutch officials have announced that they will begin using more full body scanners for United States-bound flights.
Security experts think that this technology could have detected the explosives Umar Farouk Abdulmutallab was concealing when he successfully boarded Flight 253 to Detroit from Schiphol Airport in Amsterdam.
But concerns have been raised that these full body scanners can reveal more than just explosives. Is improved security worth sacrificing your personal privacy?
Marketing to consumers’ cellphones has long been viewed as something of a holy grail by businesses – prized but always beyond reach. Recently however, new mobile technologies have gone mainstream, making the elusive goal of an always-on connection with customers firmly within reach of even the smallest business.
- There are four times the number of cellphones in the world versus PCs (4Bn vs. 1Bn) and 20% of all U.S. households are now “mobile-only”
- Over 130 Billion texts are sent each month, up from practically nothing in 2000
- Gen Yers (18-29) say their phone is the most important device they own
- According to multiple analysts, Mobile Marketing and Advertising will explode from just a couple hundred million dollars in revenues in 2008 to $3 – 5 Billion by 2012.