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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.

ScienceForCitizens_CompactLogo_FINAL_Border_175wHot diggity-DOG! After years in the making, my partner, Michael Gold, and I–with generous support from Science House–have officially unveiled the beta version (that means this is still a work-in-progress) of ScienceForCitizens.net . Science journalist, Carl Zimmer, who frequently writes for Discover and Time Magazine, said “It’s like Amazon.com for all sorts of possibilities for doing cool citizen science”. We’ll take that!

We’re seeking your feedback on ways we can make the site a phenomenal resource for all who use it. And, consider registering as a new member you can can explore the many citizen science projects out there, add your own project, create a personalized blog, or just meet up online with folks who share your interests.
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nycseed_newfund.jpgEarly-stage New York City startups are about to get some tender loving care and it's got nothing to do with Valentine's Day. As highlighted in Jason Calacanis' blog seed-stage investment group NYC Seed just launched an eight week incubator program where ten lucky companies will gain from startup mentorship, much-needed space and modest funding.

Led by NYC Seed's Managing Director Owen Davis, NYC Seedstart is a joint effort between NYC Seed, Contour Venture Partners, IA Ventures, Polaris Ventures and RR Ventures.
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Click here to pre-register for our press conference, streamed live from The World Economic Forum at Davos, on Tuesday, 26 January at 19:00 (7 p.m.) CET / 1 p.m. EST.

PricewaterhouseCoopers' Global Chairman Dennis Nally will be presenting findings from the 13th Annual Global CEO Survey. Entitled "Setting a smarter course for growth", the Survey looks at what measures CEOs are taking in response to the recession, how they view the post-crisis business environment, and what changes they are making to adapt their organisations. We surveyed 1,198 business leaders from around the globe from September to November 2009 and conducted further in-depth interviews with 27 CEOs from 17 countries.
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After 3.8 billion years of research and development, nature knows a thing or two about good design. But it's only recently that industry has started to pay attention.

Biomimicry looks closely at design solutions in the natural world and adapts them for human use. Although these man-made products look like replicas of their natural models, the process is more than a slavish copying of form. "It's about consulting the natural world for advice," says Janine Benyus, author of Biomimicry: Innovation Inspired by Nature. "We find the champion adaptors for a particular function; then we abstract that design principle and apply it."
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The shared goal of many individuals who read this blog is to “create a robust, sustainable entrepreneurial and innovation ecosystem.” But, what does that mean? Success is difficult to attain when you don’t know when you have attained it. So, this post is really about making this vision into something that is tangible.

In my [Tom Chapman] job as the Director of Entrepreneurship and Innovation at the Greater Omaha Chamber of Commerce, I often speak regarding the five pillars of an ecosystem – human capital, financial capital, metrics / deal flow, community and infrastructure. Here are some of the metrics the Chamber uses to gauge changes in those areas.
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10 Signs That Innovation Will FailWhat are the signs that innovation in a company is set up to fail? It would be great to have a checklist, but unfortunately innovation is too complicated and company-specific to employ a standard checklist for this.

However, we can share our insights on this and help each other become better at spotting the signs of failure.

Thus I [Stefan Lindegaard] have listed (in a non-prioritized order) the red flags I look for when I talk with executives and innovation leaders trying to get an understanding of their corporate innovation capabilities. What do you think and what can you add?
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superstarI’m fortunate that I [Will Herman] get to work with many startups, both independently and with TechStars where I’m a mentor. There is no better way to learn than through teaching (learning is the most fun you can have, at least for a sustained period) and there are few better students than entrepreneurs.superstar

Good entrepreneurs always want to know why they should do something and not just what they should do. They test, challenge and refuse to take anything for granted. They’re highly motivated, smart and understand success is not about them as an individual, but about the team they can build. And they strive not only to make their first venture a success but also to become strong, solid leaders and managers that can build many great companies.
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Raising money from business angels is difficult. Few people are willing to invest their money in someone else's startup and fewer businesses have the right characteristics to be financed through an external capital raise.

Still, people raise money from business angels all the time—not a lot of entrepreneurs, mind you, but enough to indicate patterns that account for who obtains angel financing and who does not.

These patterns have led a lot of people, including me, to write books and articles about how to raise money from business angels.
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WSJIn March we celebrated the 10-year anniversary of VentureWire with an interactive timeline that depicted the major headlines of the previous 10 years in venture capital - from the birth of Pets.com to the expansion of Twitter.

Today our blog, run by VentureWire editors and reporters, turns one. So in honor of this birthday, we’ve updated the timeline to include news of the past year, and by extension, the past decade.

You can access the timeline below by using your mouse to scroll left and right, and by clicking on an event to read more about it. Please read the instructions below for a better viewing experience. We hope you enjoy this travel through time.
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GlaxoSmithKline - GSK - global pharmaceutical companyPHILADELPHIA and LONDON, Jan. 20 /PRNewswire-FirstCall/ --

  •  'Open Lab' established with $8m seed funding for new research
  • 13,500 malaria compounds to be made freely available
  • New collaborations to share intellectual property for neglected tropical diseases
  • Pledge to create sustainable pricing model for world's most advanced malaria candidate vaccine
  • GSK African Malaria Partnership awards four new grants worth $2.5m

Andrew Witty, Chief Executive of GlaxoSmithKline (NYSE: GSK), today announced a series of new initiatives targeted at further transforming the company's approach to diseases that disproportionately affect the world's poorest countries. His announcements build on commitments made in 2009 to work in partnership, expand access to medicines and encourage new research into neglected tropical diseases.

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The EU and the US have established a Transatlantic Innovation Dialogue during the last meeting of the Transatlantic Economic Committee (TEC) on October 2009. This is in line with an initiative by the Technopolicy Network (TPN) to strengthen ties between North America and European countries in the field of innovation. Goal of the Transatlantic Innovation dialogue is to join efforts to stimulate innovation, growth, productivity and entrepreneurial activity between North America and the EU. This includes the sharing of good policy practice and the improvement of the policy environment for innovative activities on both sides of the Atlantic. The EU is currently requesting input to help identify topics for cooperation, of the draft input paper (please follow this link to EU site). Comments can be submitted through their website up until 29 January.

The initiative follows upon the first international conference on Transatlantic Innovation in June 2009, by The Technopolicy Network. The Technopolicy Network aims to continue its Transatlantic Activities in 2010, planning a second Transatlantic Innovation expert meeting in Canada in June and starting up a Transatlantic Innovation Intermediary network in collaboration with Innovation America. To read about current developments, concerning this event, please visit our website www.technopolicy.net .

INNOVATION AMERICA WILL PARTNER WITH THE TECHNOPOLICY NETWORK ON THIS TRANSATLANTIC INITIATIVE. PLEASE WATCH FOR UPDATES IN FUTURE ISSUES OF INNOVATIONDAILY.
RICH BENDIS

Gary LockeSecretary of Commerce Gary Locke
Remarks at Kauffman Foundation
States of Entrepreneurism Address
Washington, D.C.

Good afternoon. Thank you, Carl, for your insightful remarks.

And thank you to our host the Kauffman Foundation, which has been a great partner to the Commerce Department on a variety of important issues.

Like all thriving partnerships, the one between Kauffman and Commerce is effective because many of our goals are closely aligned.

Kauffman’s chief priority is the promotion of entrepreneurship. Commerce -- in this time of great economic difficulty -- is concerned above all else with creating more jobs for Americans.

And there is simply no better vehicle for job creation than fostering entrepreneurship.

Entrepreneurs create approximately three million jobs a year.

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