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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.

KiplingerIndividual angels are increasingly giving way to pooled investments in start-ups.

Looking for an angel investor in your new business? You’d better try to find more than one. While dealmaking is down only 3%, angels are forking over a lot less. Angel investment dollars fell 26% in 2008 to $19.2 billion, split among 55,500 deals, according to the University of New Hampshire’s Center for Venture Research.

Try seeking out an angel group or syndicate. The number of them is growing as more individual investors look to spread the risk by pooling their money. Moreover, angel groups and syndicates -- made up of two or more groups that coinvest -- are plunking down much higher amounts than stand-alone angel investors. A survey of Angel Capital Association members found that the average pooled investment in 2008 was $281,000, whereas individual angel investments ranged from $10,000 to $200,000 per start-up.
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Economy BostonTim Rowe, the founder of the Cambridge Innovation Center, may be the only CEO in the whole building who doesn’t have his own desk.

To be accurate, he’s got half of one: he shares it with his assistant Midori Williams. But he probably won’t have it for long, as he and Williams happily pick up and move whenever a CIC tenant needs the room. Last week, they were on the 14th floor. This week, it was the 5th.
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Just over a month ago I [Lisa Barone] detailed 10 things to do before launching your blog. That post covered how to generate initial buzz, getting your social accounts in order and how to begin promoting content before you really even have any. It was all the technical stuff you want to have in place before you start blogging. However, there was one important thing that post didn’t cover. It didn’t talk about how to define the tone or “voice” of your blog. Your blog voice is what defines you in your industry and in the blogosphere. So how do you know what kind of tone or writing style is right for you?

Well, here are 5 things to consider when determining “your sound”.
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This "Awesomeness Manifesto" by Umair Haque hinges on a rather narrow definition for "innovation" so as to draw a contrast, but lets undermine the whole thing by highlighting the most glaring weakness."

Obsolescence is what's obsolete" means what? For nothing to ever be made obsolete, nothing new and better may be created. Haque appears to dislike the concept of creative destruction becomes some peoples' wealth is destroyed in the process of making new people wealthy... but what's the alternative? Those who are presently rich and powerful must be allowed to stay that way? Societal calcification. Stagnation. Creative destruction isn't perfect, but generally, over time, what is destroyed is less valuable than what is created. That's not a waste of our seed-corn, that's how it's supposed to be used. Seeds are consumed when you plant them, but the resulting crops are worth more than the seed. Then you collect more seed and start the next round.peoples
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SchoolWhilst writing a comment on a blog about blogs (and whether they are useful social entrepreneurship resources), I listed a few blogs that I find useful as a resource, as places of debate, or for inspiration. And then it occurred to me that it might be useful to share them.

There is a widely-circulated list of the top 50 social entrepreneur blogs here, but only 2 were UK-based (this SSE blog and Rod Schwartz's below). Mine's UK-focused, but includes some relevant international blogs as well. Cue the music, and in no particular order:
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Darpa BallonDarpa, the Pentagon's research agency is offering $40,000 "to the first person or group to determine the locations of 10 red balloons," reports John Markoff in the New York Times (12/1/09). Darpa's objective "is to learn more about social behavior in computer networks and how large computer-connected teams use their resources and connections to compete." The balloons "will be visible from public roadways for a single day" in locations across "the continental United States."
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Radio CAEstoril, Portugal, Nov 30.- Cuba warned on Monday that innovation and knowledge will be the essential tools to eradicate poverty in Latin America, if the regional countries are able to change the current unfair and unworkable international economic order.

That statement was made by Cuban Foreign Minister Bruno Rodriguez, speaking during the opening session of the 19th Ibero-American Heads of State and Government Summit in this city.
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Business InsiderA lot of emphasis is placed on the importance for entrepreneurs of innovation and creating your own market. Certainly, you are better off coming up with something novel than knocking off an existing product.

But being first-to-market is far from a guarantor of success. Many major markets are dominated by products and companies that came late to the party -- sometimes very late.
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Huffington PostWe need more political leaders like John F. Kennedy. He envisioned going to the moon and inspired the innovation to make it manifest.

I have got to be honest. I didn't have any idea of what an "innovation economy" had to do with me until yesterday. True, I don't cover business issues normally, sticking to what I know best, which is politics, with the primary focus of foreign policy. But when I was offered the opportunity to attend the Innovation Economy Conference held in Washington, D.C. yesterday, I jumped at the chance. (I tweeted the conference as well.) Because if ever there was a time we need some out of the box thinking on our economy this is it. The event, hosted by The Aspen Institute, Intel, Democracy (a journal of ideas), and The News Hour with Jim Lehrer, I went to check out, expecting to stay for a couple of hours, but ended up staying all day. I by no means caught every speech or break-out session, but what I did witness proved one thing to me. If the U.S. doesn't get moving we're going to be in even more serious trouble.
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