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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.

Ottowa Business JournalBy all accounts, it's been a challenging ride.

We've watched the breakup of Nortel, Ottawa's anchor tenant, and for Ottawa's technology community we are in the trailing end of a global economic crisis. Many may have thought we've been witnessing the untimely death of Ottawa's technology industries, but I don't believe that's the case.

On the contrary, Ottawa is better positioned than ever to become a global leader. The market migrations and diversification we've experienced, coupled with our world-class talent, continue to lay the path to future success. Ottawa has definitely changed – and the new reality here includes new companies, new sectors, new success stories, renewed growth, revitalized energy and enormous potential.
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CarPlaneTerrafugia was founded in 2006 by award-winning MIT-trained aeronautical engineers and MBA’s – who also happen to be passionate private pilots. The company’s mission is to provide innovative solutions to the challenges facing personal aviation. The result: the Transition® Roadable Aircraft.
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Read Write StartCreathor Venture is a 25-year-old venture capital firm based in Germany and Switzerland. That makes it unusual. In 1984, when it started, not a lot of VC funds were in Europe. So, we decided to speak with Cédric Köhler in Creathor's Zurich office. As innovation accelerates and globalizes, we wanted to find out how a smaller regional fund like Creathor can compete with much larger Valley-based firms that have a global footprint. And of course, we wanted to find out what's hot on the European tech scene. Read on to find out.
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ReutersLONDON, Nov 27 (Reuters) - The government on Friday pledged 150 million pounds ($246 million) to a new venture capital fund, planned as Europe's largest, as it looks to kick start British technology investment and the ailing business sector.

The government hopes to build up the fund to 1 billion pounds over ten years and has been calling on private sector investors to invest alongside it in the UK Innovation Investment Fund, science and innovation minister Lord Drayson said.

"The fund will be the largest technology venture capital fund raised in Europe and will be able to match the scale of the funds we see being raised in the U.S.," Drayson told Reuters in a telephone interview.
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TUDelftPurpose - Open Innovation provides opportunities to overcome the problems that SMEs have in a product innovation process. The purpose of this study is to understand and improve the pivotal roles of the innovation intermediary in an open setting to match small firms through design activities. The matching process is caught in a model that pinpoints which essential roles are important at several stages.
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Current Misconceptions of Innovation: Time to Paint by the Numbers

Innovation is such a broad term, and can be used in so many ways, that it is hard to pick out the top five misconceptions, let alone focus on the biggest one. Is it the battle between the innovation process people and the innovation creativity people? Is it the use of consultants to support one-off innovation projects rather than investing in organization-wide innovation capacity? Is it the impending IT stampede towards innovation software tools, with the likely neglect of the human beings needed to support the process? Or is it the persistent view that companies are 'close to the customer' when in fact they are about as close as a Hollywood star to a burning car on a movie set?
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CNNLondon, England (CNN) -- Coming up with brilliant, game-changing ideas is what makes the likes of Apple's Steve Jobs so successful, and now researchers say they have identified the five secrets to being a great innovator

Professors from Harvard Business School, Insead and Brigham Young University have just completed a six-year study of more than 3,000 executives and 500 innovative entrepreneurs, that included interviews with high-profile entrepreneurs including Amazon founder Jeff Bezos and Michael Dell, founder of Dell computers.
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Thanks to social media, you can’t really ignore your competitors like you used to. I mean, you can, but it’s a lot more obvious that that’s what you’re doing. You’re both on Twitter. You’re both on Facebook. You’re both using the same tools and communicating in the same space to a very similar group of people.

So how do you handle competitors in this new world? You embrace them and build your business by promoting your competitors, opening the doors to new alliances, potential partnerships and the knowledge that you make one another stronger.

I know, it sounds crazy and all new-agey, but it’s really quite simple. How can you build up your own business by promoting a direct competitor? Here are a few ways.
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BEIJING, Nov. 26 (Xinhua) -- China's central government Thursday announced it is to join local governments and private investors in a pilot program to facilitate venture capital funds for innovative and high- technology industries, and industrial restructuring.

The National Development and Reform Commission, the country's top economic planning body, and Ministry of Finance announced in a joint statement plans to create venture capital funds in accordance with the central government's call to promote development of innovative businesses with growth potential.
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Last week the Association of American Universities (AAU), the Association of Public and Land-grant Universities (APLU), and the Science Coalition launched a new Web site, ScienceWorksForUS, to track academic research funded through the American Recovery and Reinvestment Act (ARRA). The site will allow the public to search a database to see which universities have received stimulus funding and to learn about the research that is being conducted at those campuses. The White House also continues to track stimulus spending at the Recovery.gov Web site.

BWInnovate. Innovation. Innovative. These words get thrown around a lot these days. As far as our organization’s self-image is concerned, we’d all like to think of ourselves as innovative. After all, it implies a progressive, forward-thinking view of the world and a willingness to challenge the status quo and embrace evolution (and the occasional revolution).

Reality, however, often tells a different story. While it’s convenient to tack on the word "innovative" to our marketing materials, actually cultivating a culture and value system of innovation is easier said than done. Every company with even a semblance of success faces a harsh reality: the gravitational pull of success tends to make us change less and not more. Oddly, companies often need to be in serious trouble to start to think innovatively.
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Many opportunities are on the horizon, if you know what to look for.

Many people have high hopes that the green movement will create many new businesses and jobs. One very important aspect of any economy is small businesses, and the green economy is no different. Green entrepreneurs will lead America by creating the jobs of the future.
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