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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.

What’s the Difference Between Private Equity, Angel Investing, and Venture Capital?

I know I know. I’m beating this stuff to death. But I felt it necessary to wrap up Weakon 313 and 314 with a summary post. Most of my ideas for posts like this come from my everyday encounters with people and learning what’s been pickling their brains lately. This can be basic stuff like the difference between a stock and a mutual fund, which I’ll never cover, or something more complicated like the difference between GAAP accounting and IFRS accounting, which I will also never cover. But many questions are worth covering, which is why I’m here.

PBN announces 2009 Innovation Awards

PROVIDENCE – Providence Business News today announced the winners of the fourth annual Innovation Awards competition, sponsored by PBN in partnership with the R.I. Economic Development Corporation.

In a change to its format this year, PBN has named winners and finalists in six industry categories for products or services that were judged to represent game-changing innovation for either the company or the markets that it operates in. In addition, there are winners in three categories that celebrate individual innovators, as well as one that honors champions of innovation, either individuals or institutions.

Reflections on the Birth of the SBIR Program

SBIR lost perhaps its greatest champion on August 25th with the passing of Senator Ted Kennedy. Relatively few know how much he did to ensure the SBIR Program became reality.

There were many back in the late 1970s and early 80s who worked tirelessly to get the legislation crafted and passed. Among them was my friend Ann Eskesen. Ann recently shared an email letter she had received that shed much light on that early process, including Ted Kennedy's behind-the-scenes role, and I'd like to give it wider exposure here.

Welcome to the first Intelligent Communities Summit!

The Summit provides an exceptional opportunity for CEOs of corporations, mayors and senior municipal government officials, business leaders, economic developers, educators and interested individuals to meet and hear international leading-edge community, academics and private sector leaders who will share best practices and engage participants to brainstorm on the next steps in leveraging technology for community development. These next steps will be designed to help businesses and communities weather economic storms, prosper and improve quality of life.

Over the past 20 years, Moncton transformed itself from a blue-collar town with an uncertain future to one of the most diversified and fastest growing metropolitan centers in Canada. The success of its transformation is entirely due to its focus on the Broadband Economy, and how all stakeholders have collaborated to leverage technology for community development.

The hard work of the past two decades was recognized earlier this year when the Intelligent Community Forum in New York named Moncton one of the 2009 Top Seven Intelligent Communities in the world. In fact, the Canadian Province of New Brunswick has been identified by the Intelligent Community Forum as a best practice model. This year, two New Brunswick cities, Moncton and Fredericton, are among the 2009 Top Seven Intelligent Communities.

Better Practices Often the Best Results of Innovation

An interesting discussion over at Harvard Business Review has consultant Susan Cramm asking readers why so many tech executives tend to discard "best practices" and set themselves up for seemingly unavoidable failure in the process.

Of course, readers (all of whom are quite eloquent in their responses) come down on the two divergent sides of the issue: Tech leaders suffer from hubris that makes them believe the mistakes of others can't happen to them, or just laying up to best practices is a sure way to suppress innovation and commoditize your brand into ho-humness.

Meet professional tweeters, the latest innovation from many businesses

CHICAGO — People around the world interact with Alecia Dantico all day. Usually, though, they don’t know whether she’s young or old, male or female.

What her followers on Facebook and Twitter know is that’s she’s a friendly, sometimes sassy, blue and gold tin of Garrett Popcorn. That’s the icon of the popular Chicago-based snack food that has tourists and locals lining up around the block at locations here and in New York City.