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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.

There are dazzling technologies at work in the world of transportation, from real-time traffic information delivered in-vehicle or to cell phones, to computerized adaptive traffic signal lights, to enabling vehicles to communicate with roadside infrastructure or other vehicles. Unfortunately, the United States is lagging behind many nations when it comes to making the promise of these technologies a reality for its citizens.  A new ITIF report analyses how countries have deployed ITS, why the United States lags behind the world leaders, and urges expanded federal leadership and investment to get the United States onto the road to deploying Intelligent Transportation Systems (ITS).

The report, "Explaining International IT Application Leadership: Intelligent Transportation Systems," takes a detailed look at how Japan, South Korea, Singapore and other countries apply information technologies to alleviate congestion, enhance safety, and reduce the environmental impact of transportation. 

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The UK government has taken the first step in plans to establish a Life Sciences Super Cluster that will pioneer a new approach to collaboration between industry and the public sector, announcing a £1 million pilot to test the proposal.

The overall aim is to speed up the translation of research into healthcare products and services and attract further investment in the sector as a whole.

At the heart of the cluster will be a series of “Therapeutic Capability” sub-clusters, made up of a small number of academic and National Health Service centres that will provide a point of contact and focus for collaboration with industry in specific disease areas.
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Kettering University’s cutting-edge approach to educating for innovation and entrepreneurship has received a national award as ‘Best in Class” for teaching students how to become innovators. The award was presented by the Kern Entrepreneurship Education Network (KEEN) during its winter convention in Orlando. Kettering Provost and Vice President for Academic Affairs Dr. Michael Harris accepted the award during ceremonies.

We share a vision on our campus to become the nation’s model for the preparation of innovative engineers, scientists and business leaders. Our philosophy of Entrepreneurship Across The Curriculum incorporates innovation, entrepreneurial concepts, attitude and understanding throughout the many courses a student takes. This is a defining paradigm that sets us apart. This ‘Best in Class’ award is a distinguished recognition of the vision, creativity and hard work of many that is evolving at Kettering University.”

Kettering President Stan Liberty said the University is honored to be singled out for this award, especially among the prestigious institutions in the Kern Entrepreneurship Education Network. "The Kern philosophy is based on excellence in customer awareness, business acumen, societal values and technical fundamentals." President Liberty thanked Provost Harris for leading this valuable initiative that will have a long-term impact.
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How much are Googlers worth to Google? According to revenue generated per employee, around $336,000 per quarter, or about $1.34 million per year on an annualized basis.

That's the highest that figure has been in three years.

For comparison, Yahoo is only getting $130,303 per employee per quarter, or $512,212 annualized.

Obviously, certain employees are making more money for the company than others, but Google says it's ready to hire aggressively.

chart of the day, google headcount vs revenue dollar per employee,
 01/28/10
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TMassDevicehe Mass. Life Sciences Center will begin accepting applications Feb. 1 for matching grants of up to $500,000 for companies that have received Phase II or post-Phase II SBIR grants.
Mass Life Sciences Center logo

The Mass. Life Sciences Center will begin accepting applications for a $3 million matching grant program aimed at helping small life science companies that are production-ready and "poised for rapid growth that will create jobs in the Commonwealth."

The quasi-public agency said it will provide matching grants of up to $500,000 to companies that have received Phase II or post-Phase II small business innovation research (SBIR) or small business technology transfer (STTR) grants from federal agencies such as the National Institutes of Health, the National Science Foundation or the Dept. of Defense.
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The American Recovery and Reinvestment Act of 2009 appropriated $7.2 billion and directed the Department of Agriculture's Rural Utilities Service (RUS) and the Department of Commerce's National Telecommunications Information Administration (NTIA) to expand broadband access to unserved and underserved communities across the U.S., increase jobs, spur investments in technology and infrastructure, and provide long-term economic benefits.  The mission is carried out through two programs:

  • RUS’s Broadband Initiatives Program (BIP) - will make loans and grants for broadband infrastructure projects in rural areas.
  • NTIA’s Broadband Technology Opportunities Program (BTOP) - will provide grants to fund broadband infrastructure, public computer centers and sustainable broadband adoption projects.
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WASHINGTON, Jan. 27 /PRNewswire-USNewswire/ -- As part of his continuing effort to support small business, U.S. Senator Benjamin L. Cardin (D-MD), a member of the Senate Small Business and Entrepreneurship Committee, today introduced a bill designed to spur job creation and strengthen our economy by providing essential tax credits and loans to small businesses. Key provisions of Senator Cardin's bill will make available urgently needed working capital loans, reward small businesses for creating new jobs, and help to offset the skyrocketing cost of health insurance.

Small firms pump almost a trillion dollars into the economy each year, create two-thirds of our nation's new jobs annually and account for more than half of America's workforce. Recognizing the vital role small business has always had in the overall growth of our economy, the bill also encourages elevating the Small Business Administration to Cabinet-level status.
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Will 2010 be the year of Start-Up America?On January 24th 2010, New York Times Columnist Thomas L. Friedman wrote an op-ed piece titled, “More (Steve) Jobs, Jobs, Jobs, Jobs,” which gave advice to President Obama as he puts the finishing touches on this week’s State of the Union speech.

He wrote “We need to make 2010 what Obama should have made 2009: the year of innovation, the year of making our pie bigger, the year of “Start-Up America.

He went on further to say, ”Obama should make the centerpiece of his presidency (this year) mobilizing a million new start-up companies that won’t just give us temporary highway jobs, but lasting good jobs that keep America on the cutting edge.

Well Mr. Friedman, I [Melinda Emerson] believe you are spot on. While your editorial largely focused on exposing youth to entrepreneurship, which is absolutely needed, I think there should be a two-pronged approach with a focus on working professionals and academic innovators who are ready to start businesses right now.
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February 3, 2010, 12:00pm – 1:30pm
About This Event

An overwhelming quantity of direct observations and analyses published by scientists in various disciplines around the world demonstrates that human activity has warmed the planet and altered the climate. The severity of the projected impacts of continuing on our current greenhouse gas emissions path has only increased in recent years.

Please join the Center for American Progress for an educational event featuring two respected scientists who have both helped author reports produced by the Intergovernmental Panel on Climate Change. Dr. Michael MacCracken and Dr. Christopher Field will explain the IPCC's assessment process, how we know what we know about human-caused climate change, what we have learned since the 2007 IPCC report, and why the science must inform public policy in the United States.

Featured Speakers:
Christopher Field, Director, Department of Global Ecology, Carnegie Institution of Washington, and Professor of Biology and Environmental Earth System Science at Stanford University, and a coordinating lead author for the IPCC’s Fourth Assessment
Michael MacCracken, Chief Scientist for Climate Change Programs, Climate Institute, and co-author/contributing author for various chapters in the IPCC assessment reports
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Entrepreneurship Week at Stanford, February 21-28, 2010

Why conduct a weeklong celebration of entrepreneurship at Stanford, when the entrepreneurial spirit is so completely pervasive here? After all, our university president, John Hennessy, is a very successful entrepreneur. Many of our faculty, staff, alumni and even current students have started businesses or somehow bring extremely entrepreneurial approaches to their work. There are at least two dozen organizations on campus related to entrepreneurship. And we took part in the birth of Silicon Valley, the breeding ground of some of the world's greatest innovations and companies.

The answer is simple. It's a chance to bring all of us together for a week and focus on a theme that we take rather for granted around here - the importance of entrepreneurial leadership and the role it must play in helping to solve some of the world's most pressing problems.

Entrepreneurship is of enormous interest on campus, because the Stanford community recognizes that the 21st Century will belong to innovators who can turn ideas into action. This applies more than ever to today's students and everyone else in society. We all need to be self starters and possess an entrepreneurial mindset, regardless of what we go on to do in life.
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(Honolulu, Hawaii & New York, New York, January 20, 2010) – The Intelligent CommunityForum named its 2010 Top Seven Intelligent Communities of the Year today at a luncheon ceremony taking place at PTC'10 in Honolulu, Hawaii, USA (13:30 HAST, 18:30 EST, 23:30 GMT).  Click here to watch a video of the announcement. The Top Seven announcement is the second stage of ICF’s annual Intelligent Community awards cycle. 

The Top Seven Intelligent Communities of the Year
The following communities, drawn from the Smart21 of 2010, were named to the Top Seven based on analysis of their nominations by a team of independent academic experts:

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IBISWorld reveals top Aussie Export industries for 2010 Market research company and business information provider IBISWorld recently released its findings on Australia’s leading export industries for 2010 and their outlook for the next five years.

A forecast of $237 billion of combined export revenue for 2010 (representing 21.4 percent of the Australian economy) puts Australia in the top echelon of global exporters, with only Germany (40.8 percent) and China (33.2 percent) recording higher export proportions of their total economic revenue.

As expected, mining constitutes Australia’s largest export industry, generating $283.7 billion of revenue for 2009/2010 — of which $128 billion was from exports. The industry is forecast to grow by 6.1 percent in the next five years.
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