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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.

LookingThere are lots of ways to tell the world about scientific discoveries. The Ontario Innovation Trust has done it with a beautiful legacy report: Using our Heads: Building Ontario’s economy through research showcases some of the best recent research and discoveries that have happened right here in Ontario.

Not only does the book include feature articles about leading Ontario scientists and Q and A’s with some of this province’s most innovative leaders—it’s also spectacularly illustrated by 23 talented artists, painters and graphic designers and (perhaps best of all) it can be yours for the low, low price of zero dollars.
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The StreetBefore you celebrate New Year's Eve, invest in a few minutes of tax planning. True, taxes might not bring thoughts of confetti in the air or New Year's kisses, but making use of these seven strategies can go a long way in reducing your tax burden.

1) Establish retirement plans.
2) Invest in an IRA.
3) Defer Income
4) Spend, spend, spend.
5) Give to charity.
6) Prepay taxes, (maybe).
7) Visit the doctor.
8) Review your portfolio.
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MSNBCChoosing the short route left them snow bound, cell phone GPS saved them

GRANTS PASS, Ore. - A Nevada couple letting their SUV's navigation system guide them through the high desert of Eastern Oregon got stuck in snow for three days when the GPS unit sent them down a remote forest road.

On Sunday, atmospheric conditions apparently changed enough for their GPS-enabled cell phone to get a weak signal and relay coordinates to a dispatcher, Klamath County Sheriff Tim Evinger said.

"GPS almost did 'em in and GPS saved 'em," Evinger said. "It will give you options to pick the shortest route. You certainly get the shortest route. But it may not be a safe route."
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United States House of RepresentativesThe U.S. House of Representatives passed legislation (H.R. 4213) to extend approximately $31 billion in tax breaks for one year. Included in the package is $7 billion for the research and development (R&D) tax credit.

Source: Silicon Valley InsiderNewspapers had a nice run from the 1970s to the 1990s. Unfortunately, as this chart from the Bureau of Labor Statistics makes clear -- by way of Marketwatch -- it's over.

Newspaper employment has utterly collapsed in the last 15 years, with employment numbers now around where they were in the mid-1950s.

The good news: It's a great opportunity. The next decade will give birth to new forms of reporting, more in tune with today's technology and news consumption habits.
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InvestMidwestThe final application deadline for InvestMidwest’s 2010 Venture Capital Forum, the Midwest’s premiere venture capital event, is quickly approaching.

High-growth companies interested in presenting their business plans to an audience of the nation’s top venture capitalists, corporate and private investors, and investment bankers, must have their applications in by Jan. 8, 2010 to be considered for participation in the March 24-25 forum, which will be held at Wells Fargo Advisors in St. Louis. The application can be completed online at InvestMidwest’s website: www.investmidwestforum.com.

“While we already have some great applications in hand, there’s still time for companies to submit their proposals before the deadline,” said Chris Walsh, Executive Director of InvestMidwest. “We are eager to move forward with the next step of reviewing the final submissions and selecting the presenters for the 2010 forum. Based on the interest so far this year, it should be a very successful forum.”
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JumpstartRecently, Rich Bendis, the former CEO of InnovationPhiladelphia and nationally renown TBED (technology-based economic development) expert launched a daily news digest called Innovation Daily. You can find this digest here.

If you are someone who cares about anything related to global and national issues surrounding the topics of invention, commercialization, angel and/or venture capital, and public policy do yourself a favor and subscribe to this free service.

Rich has done an incredible job of aggregating news and stories that are relevant to his readers – I look forward to reading it everyday.

Happy Holidays and I wish you all the best in 2010!
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BusinessWeekDon't get bogged down in a price war or a race to imitate a rival's product. Redefine your market instead, says entrepreneur-academic Richard Mammone

The nuthatch and brown creeper are different bird species that look a lot alike and eat insects in the same wooded areas in North America. You might think they compete, but they don't. In accordance with a common arrangement in nature that ecologists call the competitive-exclusion principle, the brown creeper starts searching for insects at the bottom of a tree while the nuthatch starts from the top.

Entrepreneurs can learn from this evolutionary process, which unfortunately isn't very common in the business world. Business competitors will normally compete in a death match unless one finds a new market niche or a new process to address the existing market. The best strategy is to invest a modest amount of energy into an innovation, as the nuthatches did in moving to the higher branches. To start the innovation process that could lead to such a breakthrough, entrepreneurs should perform a detailed competitive analysis.
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Life Science LeaderThe pharmaceutical industry is at a transformational moment. The financial returns once realized will be tougher to repeat. With fewer FDA approvals, diminishing pipelines, and a decaying blockbuster business model, the imperative to adopt new growth strategies is paramount.

But for large pharma companies, there’s a host of questions about what these future growth strategies should be.
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BBCAdvice on using "tough love" to motivate children to find a job and leave home after university is being issued to parents by the government.

The guide from the Department for Business, Innovation and Skills admits graduates could find things difficult in the current financial climate.

It warns against nagging but also against being "too supportive".
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Top 30 BlogsOver the past year, I have been scouring the Internet for resources to help me grow my businesses. It is quite refreshing to discover and learn from others and hear stories from fresh perspectives, rather theory out of a book. Of course there are many ways to build a businesses and while many are figuring it out, the way we communicate is evolving right in front of our eyes. With the ammunition of a blog and a Flip cam, we are seeing many young entrepreneurs becoming prominent voices and in some cases niche leaders while building profitable businesses. In months and years not decades.
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