Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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.

SVIMedia is not just a crotchety old man's world. Women are making a huge impact, too.

As the media industry evolves, they are leading powerful companies, launching new ventures and redefining the future of journalism. And their success stories serve as models for those hoping to make a mark in this multi-faceted, risky business.
Read more ...

FortuneGovernment needs to support research for clean energy-powered cars. But auto makers need to make their own success.

America’s auto industry is at an unprecedented crossroads.

At the core of the debate is whether American car companies can adapt to a changing marketplace where the demand for greater fuel efficiency and cutting edge design supersedes brand loyalty and vehicle size.

The auto industry of tomorrow – which already is emerging – will be based on a different model. It will reward innovation. It will cater to new economic realities. It will listen to customers. The question is, will it be located in the U.S., or elsewhere?
Read more ...

sitepointDo you consider yourself innovative? Are you willing to step away from the status quo to try something new and different? If this isn’t how you typically operate, you may benefit from introducing more innovation into your daily life. Not only will it help you avoid burnout, but it can spark new opportunities for personal and professional growth.

Innovation occurs when you introduce a new idea, a new process or a new way to look at an old activity. Although it may seem simple, being innovative is not always easy. If you struggle with conceptualizing and executing new and different ideas, there are several mindsets that can help you focus on innovation. If you’re ready to try something new, here are some ways to allow more innovation and room for growth in your business and personal life.
Read more ...

Josh LamAs of June 2009 there were over 1.6 billion people using the Internet with a world population of almost 6.8 billion. This means that only 25% of the world is using the Internet! WOW the world has just barely started to plug into the Internet! Use of the Internet is up 362% worldwide since 2000 alone. This is great news for any Internet entrepreneurs that want to explore opportunities in social media or web based business’. There are still billions of opportunities yet to be had on the Internet! Throughout modern history every great invention has taking 30 years or more to really hit its mark. The Internet is less than 27 years old so if you think of the Internet in terms of car we are still in the first model year Internet Protocol ver.4 or (IPv4). This version has been in use for the past 20 years. The Next Generation Internet(NGI) or IPv6 is still in its infancy stages but once in place will certainly change and revolutionize the way the Internet looks and operates. This major change to the Internet will equal opportunity, so if your not sure if you want to try an Internet based opportunity understand this the Internet has only just begun to effect human kind! But what does all this mean in terms of the environment? Well if you look at it terms of our carbon foot print the Internet has saved millions of trees from being used as paper and has let millions of people work from home. In the future the Internet will be integrated with every thing we own from our homes and cars to our coffee makers making them more energy efficient.
Read more ...

Mass High TechJames Geshwiler, managing director of Lexington’s CommonAngels and past chairman of the Angel Capital Association, was recognized for his commitment to funding and supporting New England startups with a 2004 Mass High Tech All-Star Award. With his experience managing the 70 investors that comprise Common Angels and chairing a much larger national group, Geshwiler is in a good position to reflect on the past year and discuss the future of angel investing. He spoke with MHT news editor Rodney H. Brown.
Read more ...

AmexIn a recent working paper Chad Moutray, the Chief Economist of the Office of Advocacy of the U.S. Small Business Administration) analyzed the earnings of the class of 1993 ten years after they graduated. He found something that I summarize in the table below and have started to show to all my students.

...

People who go into business for themselves are more likely to earn more than $100,000 per year than people who work for a wage in the private sector. But they are also much more likely to earn less than $20,000.
Read more ...

I recently gave a presentation to the 128 Innovation Capital Group on raising money from angel investors. A copy of the slides is below and the video can be found here.

Read more ...

Science ProgressForty years ago, when women of the baby boom generation broke through many barriers to enter elite colleges that had previously excluded them, enter new fields of study and research, and join the academic workforce in unprecedented numbers, not many of us thought about the challenges we would confront in making it all come together. We charged into our complicated professional and personal lives, convinced that we could succeed at both raising families and having dynamic careers by sheer force of will. In fact, for countless women of many generations since the 1960s, it has been a great life. We have been supported by both cooperative partners and friends and worked in enlightened institutions. But for others, it has not been good at all.
Read more ...

NYTPresident Obama’s decision to hold a summit meeting on jobs this month acknowledges the reality that people on Main Street have known all year. Jobs are not a lagging indicator as economists have told us. They are the indicator.

By classic economic measures, the United States economy has moved out of recession. The gross domestic product up. Stock prices are up. Surviving financial institutions are returning to healthy profitability, as is Corporate America. At the end of a typical recession, jobs would recover in due course. But the jobs situation is not stabilizing. It’s getting worse.
Read more ...

VC ExpertsTel Aviv, Israel, October 21, 2009. The following are the findings of the IVC Quarterly Survey conducted by the IVC Research Center, which for more than 12 years has been at the forefront of high-tech, venture capital and private equity research in Israel. This Survey reviews capital raised by private Israeli high-tech companies from Israeli venture capital funds, foreign investors and other investors. The Survey is based on reports from 81 investors of which 44 are Israeli management companies and 37 are other - mostly foreign - investment entities.
Read more ...

Silicon IndiaBangalore: It seems India's aspiring entrepreneurs are made of sterner stuff than they are credited with. If the estimates of Indian Venture Capital Association (IVCA) are anything to go by, the risk-taking capacity of Indians witnessed a surge in the wake of the economic slowdown, which was triggered by the recession.

The average seed funding size has risen to $2.5-5 million from the pre-slowdown era's average of $1.5-2 million, according to the apex organization of the venture capital and private equity industry in India. Indications are that the amount will rise further by the middle of next year, reports Times of India.
Read more ...

Booz & Company's 2009 edition of the Global Innovation 1000 report finds large R&D spenders are keeping the pace when it comes to developing new products and services despite fiscal challenges presented by the economic downturn ... '

' ... In the face of a severe global recession, the world’s 1,000 largest publicly traded corporate research and development spenders increased R&D budgets in 2008, affirming the critical importance of innovation to their corporate strategies, according to Booz & Company’s Global Innovation 1000, the global management consulting firm’s fifth annual analysis of global innovation spending. R&D spending at these firms rose 5.7 percent in 2008, a slower rate of growth than the prior year’s 10 percent increase, but in line with the group’s 6.5 percent increase in worldwide sales. More than two-thirds of the companies included in this year’s Global Innovation 1000 maintained or increased R&D spending in 2008, even though a third of the companies reported a financial loss for the year ... '
Read more ...