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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.

It’s a whale of a chip. Intel is announcing today the 10th generation of its Itanium chip, which is a 64-bit microprocessor aimed at the very high end of the corporate computer market.

The chip is a modern miracle in many respects, with more than 3 billion basic components known as transistors. It is one of the highest achievements in technological design, but it’s also a relic of an age when power consumption didn’t matter. As such, the chip is confined to a small, high-end segment of the computing market at the high end.

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Great startups these days start with innovation, and then take it up a few notches to make it a revolution. An example is Google, who turned a new search technology into a tool that most of us couldn’t live without. As an entrepreneur, how do you know if you have the potential to innovate, and what are the steps to get from innovation to revolution?

While digging into this subject, I came across a new book by Patrick J. Howie, called “The Evolution of Revolutions,” which makes the points that resonate with my experience. He starts with a discussion of the Big Five personality traits, used to explain individual differences across all walks of life.

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New entrepreneurs don’t realize that a falling out with a technical resource is potentially one of the most dangerous times for their fledgling business. I have talked to entrepreneurs who have lost their websites, their customer lists, their emails and even their bank accounts.

If this happens to you, you will waste weeks or months scrambling to regain control, and in some situation you never may again. Fortunately, avoiding this situation is very easy, if you just know a few simple tips.

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Following the adoption of the Innovation Union Communication in October 2010, the European Innovation Scoreboard (EIS) - a well established and recognised tool for assessing innovation performance in EU Member States - has been reworked and renamed the Innovation Union Scoreboard (IUS).

Based on the previous European Innovation Scoreboard, the new tool is meant to help monitor the implementation of the Europe 2020 Innovation Union pdf flagship by providing a comparative assessment of the innovation performance of the EU27 Member States and the relative strengths and weaknesses of their research and innovation systems.

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The resume has changed drastically over the hundreds of years that have passed since Leonardo da Vinci created the first official resume in 1482.

Originally used as a type of letter of introduction, as it was used by a travelling lord in England in the 1500s, the modern resume first hit its stride in the 1930s.

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Billionaire Warren Buffett really doesn't think twice about who's in charge of a company when he invests; he rates businesses on their ability to raise prices.

That's what he told the FCIC in an interview last year about what caused the financial crisis.

Bloomberg listened to a recording of the exchange, which was released last week along with hundreds of other interviews with bankers including Dick Fuld and Lloyd Blankfein.

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ANNAPOLIS, Md., Feb. 17, 2011 /PRNewswire/ -- More than 400 entrepreneurs joined renowned educators and business leaders in Maryland's state capitol of Annapolis yesterday to show support for a bold initiative to infuse $100 million in the State's Innovation Economy. Heralded by experts as a national model, InvestMaryland - SB 180/HB173 - seeks to create a public-private partnership to fuel investment in Maryland's start-up and early stage companies, effectively quadrupling the State government's previous investment and spurring a culture of organic growth in the State. Among its benefits, the program has the potential to create thousands of jobs in Innovation Economy sectors ? life sciences and biotechnology, cyber security/IT and clean/green tech and attract billions of follow on capital, all with no immediate cost to taxpayers. It mirrors many aspects of a federal program to accelerate high-growth entrepreneurship nationwide, The Startup America Partnership, which President Barack Obama launched last month.

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Summary: Senator Mark Pryor has introduced legislation that would give angel investors in qualifying small businesses (broadly defined) a federal income tax credit equal to 25% of the amount invested. You can find the text of the proposed legislation here and quoted in full below.

Senator Pryor’s bill is a great idea. However, there are certain things about it that I would suggest changing.

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Today the Massachusetts High Technology Council (MHTC) announced launch of a network, the Innovation Access Network (IAN), that aims to connect local innovators with seekers of technology. The launch of IAN is being announced this morning at the MHTC’s 2011 Annual Meeting, where Senator John Kerry well be giving the keynote address.

“Massachusetts and New England are home to the nation’s leading technology firms, defense contractors, universities, research labs and small businesses, and IAN is the connective tissue for the region’s innovative technology cluster that will help create new partnerships, business opportunities, and jobs,” said Senator Kerry in the press release this morning.

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Report: UK Chancellor Offers Support For Games Industry At Private MeetingUK chancellor George Osborne held a private meeting of senior media and entertainment executives earlier this month, offering support for the UK games industry.

Trade press site GamesIndustry.biz reports (registration required) that the Government's 'Growth Review', launched late last year, was discussed at the meeting. Those in attendance conversed about how the government can better work with digital and creative industries.

Ian Livingstone, life president for Eidos, was among those invited, and said of the meeting: "The fact that we had representation at the meeting is an acknowledgment in itself that the video games industry is being taken seriously and that it is important socially, culturally and economically to the UK."

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Hoping to replicate our Apple in The Big Apple, New York City has invited Stanford University to consider creating an engineering school in the city that would confer a Silicon Valley degree in the global center of culture and commerce.

"Stanford has served as an intellectual incubator for the emergence of Silicon Valley and has the potential to do so again," said Stanford president John Hennessy, announcing the news at Thursday's Academic Senate meeting.

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Lets face it: Throughout the world, and even in the Silicon Valley, MBAs carry a negative connotation when associated with startups. Venture capitalist Guy Kawasaki — known for his book ‘The Art of the Start’, goes out to say that there are two categories of people that startups need to avoid — first the consultants, and secondly the MBAs.

But my opinion of the cadre is not so bleak. Nor is the world so black and white. But there are avenues for change, and a need for an ambience in b-schools that could nurture the entrepreneurial spirit that seems to be getting India adrenalized.

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Policy makers who want to stimulate innovation need to look at the new generation of people coming into the workforce. But are they properly prepared to play a role in invention and change? Rob Blaauboer looks at Dutch experience of teaching them how.

It is interesting that the country that we, in many cases look up to in innovation matters, the United States, is equally worried about its declining position. For decades the US was the world innovator, churning out innovations. Early 2010, Google’s CEO Eric Schmidt sent a letter to the Washington Post with a warning: the US has an Innovation Deficit.

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Creating more than 2,000 new jobs, unlocking millions if not billions of dollars in private capital and launching the next MedImmune in Maryland — these are the dreams behind Maryland's latest strategy for fostering high-tech businesses in the state.

For years, officials said, Maryland's early-stage businesses have faced what the industry calls "the valley of death," the difficulty in obtaining funding between the company's startup and when larger investors step in to help ramp up commercialization. Some give up after falling short of their entrepreneurial goals with the lack of funding, while others have sought better prospects in other states. But there are those that continue to fight to forge their futures in Maryland.

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Few people are aware the San Francisco has had a tax provision in its municipal code since 2004 that requires companies to pay a payroll tax on gains from employee stock options. No one pays it, and San Francisco hasn’t enforced it to date, but companies are becoming increasingly agitated that the city may change that policy at any time. The number of high profile and high value startups based in San Francisco – like Twitter and Zynga – may be too big of a temptation for the city to ignore.

Recently, I heard San Francisco Mayor Ed Lee on our local NPR station talking about how important it was to keep Twitter’s headquarters in San Francisco. To those worried that the recent talks between Twitter and the City were stalling, his words must have been reassuring. But if Lee really wants to keep Twitter– and thousands more tech jobs– in San Francisco he needs to defuse this much bigger ticking tax time-bomb now. This isn’t just about keeping Twitter in San Francisco– this has ramifications for San Francisco’s entire startup ecosystem.

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Obama Dinner

Mark Zuckerberg, the 26-year-old founder of Facebook, is rarely seen without a T-shirt or a hoodie. But Zuckerberg brought out a suit for his dinner with President Obama on Thursday. That says a lot about what happens when you combine the world of politics with Silicon Valley. It’s a very formal affair.

The president visited the Bay Area to meet with some of the country’s most innovative technology leaders before zipping off to Portland, Ore. this morning for a tour of Intel’s manufacturing facility. Hopefully, they figured out a way to grease the wheels of innovation and create more jobs — or just had a nice dinner at the home of venture capitalist John Doerr.

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When you work for a really cool startup that manages to stay alive for a few years, it's a pretty cool thing.

You watch the company grow from nothing to something, and friends no longer stare blankly when you tell them where you work.

A common problem many startups have is retaining talent. Even Google struggles to keep employees from branching out on their own. Working at a growing company takes a lot of time and energy, and employees are doing it all for someone else. It's natural that they'd begin thinking of ways to do the same amount of work for themselves.

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To increase your visibility and authority on the web, you need some knowledge of Google rankings. Learning how Google’s ranking system works can help you make important changes that can move your website up the ranking ladder.

What follows is a quick primer on need-to-know basics for improving your site's Google ranking.

When it comes to your web pages, two different Google rankings are at work: your search result ranking and your site’s PageRank. They are related, yet distinct measures of the value of the content on your site in the eyes of the search-engine giant.

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It's something we're all looking for - the perfect solution that will minimize our work life while still getting the stuff done that we need to get done. Well, that one solution doesn't exist, but with a combination of strategies, you can get to where you want to be.

Now, none of these tips will turn your life around. But they can make a big difference, and when used together, your work life might just be enjoyable, productive, low-stress and high fun. And these tips won't work for everyone. They're not meant to be used as a step-by-step guide. It's a list of strategies that work -- choose your favorites and give them a try.

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