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.
NYT: Should Entrepreneurs Minimize Credit Card Debt?
A recent study by Robert Scott of Monmouth University found that “every $1,000 increase in credit card debt increases the probability a firm will close by 2.2 percent.” It also explained that “reliance on this type of financing may lead many businesses into a long-term liquidity drain that affects their financial stability — and thus survival.”
The Friday Five: Great Books on Business and Innovation
Every Friday, I serve up a list of five things worth knowing about -- and invite you to add more in the comments.
This week, as we all take off to enjoy the last long weekend of summer, the topic is great books about business and innovation, with strong Boston connections.
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.
Ask the readers: What makes a great entrepreneur?
When you think of some of the most successful entrepreneurs on the web (Evan Williams, Jason Fried, Marc Andreessen, Caterina Fake, Elon Musk, Niklas Zennstrom and Arianna Huffington) what similarities come to your mind?
Yes, they all have built successful companies, but other than that what commonalities do you see?
Innovation in Maryland -- through the eyes of Johns Hopkins business dean
If you haven't read it yet, then run -- don't walk -- to Jay Hancock's latest, most excellent column where he talks with Yash Gupta, dean of the Johns Hopkins Carey Business School. In it, Gupta (left) talks about the difference in the innovation economies and cultures of Baltimore and Southern California's Silicon Valley.
Moncton to host smart cities summit
The first Intelligent Communities Summit will be hosted in Moncton from Oct. 5 to 7, the city and Atlantic Lottery Corp., the event's lead sponsor, announced Wednesday. The summit will bring together academics and private sector leaders to share best practices and brainstorm about the event's theme: leveraging technology for community development. The guest speakers for the event will include: Robert Bell from the Intelligent Community Forum, Innovation America chief executive Richard Bendis, Canadian Wireless Telecommunications Association chief executive Bernard Lord and New Brunswick Premier Shawn Graham.
Finding and Funding African Innovators
You’re not going to find the compelling African entrepreneurs while sitting in an office in the US or Europe. It’s only by spending significant time on the ground in the countries you’re wanting to invest in that you find the people you need to know. It’s there that you get past the first-level of non-expert opportunity profiteers and attention seekers and find the people who actually do the work.
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.
Moncton hosts Intelligent Communities Summit
Moncton's IQ may go up this fall, with representatives of some of the world's smartest cities converging here to learn, teach and share some of their tricks of the trade.
The first ever Intelligent Communities Summit will be held in Moncton October 5 to 7, bringing hundreds of government officials, and corporate and world leaders to our city.
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.