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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.

TrafficGeographic Compatibility:

In the early 1990’s, traffic in Los Angeles was so horrendous, it could take hours to travel a dozen miles. Commuting was a nightmare and the last thing anyone wanted to do was sit in more traffic. At that time, single people would always have that elemental question in the back of their minds whenever they met a prospective date – are we Geographically Compatible (GC)?

The sweet spot:

I recall many a magical conversation ending with that mutual inevitable shrug of the shoulders; a secret code for “have a nice life”. In Los Angeles, GC peaked in the sweet spot of 1-6 miles. After that, GC diminished roughly proportional to the square of distance with 20 miles as an absolute maximum. Any more was no closer or farther than, say, Nashville.
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Fox BusinessIn the 2009 economic climate, as angels and venture capitalists tightened their grip on the rope, companies seeking funding found themselves playing by a new set of rules. So what’s the state of the playing field today, and what can entrepreneurs expect from investors in the coming year?

Karen Bantuveris entered the spring of 2009 hopeful that her company VolunteerSpot would receive the $450K in seed funding that would take it to the next level. But when the Texas-based startup actually did receive a bite from a local angel group, it decided to decline, and instead to create and go with a plan B.

“We were offered a Series A (the name typically given to a company's first significant round of venture funding) in the spring. Their terms were not acceptable to us. They wanted a lot of control for not enough money,” she said.
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The StreetBefore you celebrate New Year's Eve, invest in a few minutes of tax planning. True, taxes might not bring thoughts of confetti in the air or New Year's kisses, but making use of these seven strategies can go a long way in reducing your tax burden.

1) Establish retirement plans.
2) Invest in an IRA.
3) Defer Income
4) Spend, spend, spend.
5) Give to charity.
6) Prepay taxes, (maybe).
7) Visit the doctor.
8) Review your portfolio.
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MSNBCChoosing the short route left them snow bound, cell phone GPS saved them

GRANTS PASS, Ore. - A Nevada couple letting their SUV's navigation system guide them through the high desert of Eastern Oregon got stuck in snow for three days when the GPS unit sent them down a remote forest road.

On Sunday, atmospheric conditions apparently changed enough for their GPS-enabled cell phone to get a weak signal and relay coordinates to a dispatcher, Klamath County Sheriff Tim Evinger said.

"GPS almost did 'em in and GPS saved 'em," Evinger said. "It will give you options to pick the shortest route. You certainly get the shortest route. But it may not be a safe route."
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The news that New Hampshire’s population has eclipsed Maine’s for the first time since the census of 1800 is much more than a statistical footnote. It is definitive evidence of a powerful economic trend linked to geography. Those who care about the fate of the northern two-thirds of Maine would do well to consider its implications.

Both states are in the 1.3 million range, but according to new census estimates, the Granite State has 6,274 more people than the Pine Tree State; New Hampshire gained 89,000 new residents since 2000, while Maine saw just 43,000 newcomers.

State policymakers make little fuss over Maine’s lack of population growth when they decry the challenges the economy faces. Yet population growth is critical.
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United States House of RepresentativesThe U.S. House of Representatives passed legislation (H.R. 4213) to extend approximately $31 billion in tax breaks for one year. Included in the package is $7 billion for the research and development (R&D) tax credit.

Citing a family member’s health problems, Ioanna T. Morfessis, the state’s new economic development chief, has abruptly resigned, less than a month before she was set to take over.

“This is the most difficult decision I have ever been confronted with from a professional standpoint,” Morfessis said by telephone late Wednesday. “When my family and I connected over the holidays, we learned new information that was unknown to us and a decision had to be made. This is one of those moments in life when your train gets totally stopped in its tracks.”
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Source: Silicon Valley InsiderNewspapers had a nice run from the 1970s to the 1990s. Unfortunately, as this chart from the Bureau of Labor Statistics makes clear -- by way of Marketwatch -- it's over.

Newspaper employment has utterly collapsed in the last 15 years, with employment numbers now around where they were in the mid-1950s.

The good news: It's a great opportunity. The next decade will give birth to new forms of reporting, more in tune with today's technology and news consumption habits.
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genomewebNEW YORK (GenomeWeb News) – A paper published this past summer providing evidence that the gene variants found in some non-cancerous tissues may differ from those present in blood samples from the same individual was the top-read story on GenomeWeb Daily News in 2009.

That article just edged out a report early in the year that the National Institutes of Health would channel stimulus funds into existing grants rather than restoring previous cuts to existing programs and grants.
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InvestMidwestThe final application deadline for InvestMidwest’s 2010 Venture Capital Forum, the Midwest’s premiere venture capital event, is quickly approaching.

High-growth companies interested in presenting their business plans to an audience of the nation’s top venture capitalists, corporate and private investors, and investment bankers, must have their applications in by Jan. 8, 2010 to be considered for participation in the March 24-25 forum, which will be held at Wells Fargo Advisors in St. Louis. The application can be completed online at InvestMidwest’s website:

“While we already have some great applications in hand, there’s still time for companies to submit their proposals before the deadline,” said Chris Walsh, Executive Director of InvestMidwest. “We are eager to move forward with the next step of reviewing the final submissions and selecting the presenters for the 2010 forum. Based on the interest so far this year, it should be a very successful forum.”
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JumpstartRecently, Rich Bendis, the former CEO of InnovationPhiladelphia and nationally renown TBED (technology-based economic development) expert launched a daily news digest called Innovation Daily. You can find this digest here.

If you are someone who cares about anything related to global and national issues surrounding the topics of invention, commercialization, angel and/or venture capital, and public policy do yourself a favor and subscribe to this free service.

Rich has done an incredible job of aggregating news and stories that are relevant to his readers – I look forward to reading it everyday.

Happy Holidays and I wish you all the best in 2010!
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vizbizUrban Escapism & Neo Rebellion
People are getting tired of saving the world and about negative news about the climate, terror,.. Games, 3D Technologies, Space Flight, iPhone & Apps, Outdoor activities and everything else which is interactive and entertaining is going to boom

Terror, Alternative Energy & China
This is what you already hear in news.
* This is going to be the century of China.
* Alternative energy will displace the old energy sources.
* Apocalyptic scenarios are very in and increasing the fear in people. So far unthinkable techniques (data security) will be accepted.

Information everywhere through mobile devices
Creative Capitalism
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