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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.

BWFactors That Lead to Success

Despite their impact on the economy, relatively little is known about entrepreneurs' backgrounds and motivations. A study released by the Kauffman Foundation in July, titled "The Anatomy of an Entrepreneur," led by co-authors Vivek Wadhwa, University of Akron's Raj Aggarwal, University of California's Krisztina "Z" Holly, and former BusinessWeek tech editor Alex Salkever aimed to discover who American entrepreneurs are and what makes them tick. To do so, the team surveyed 549 successful business founders from high-growth industries between August 2008 and March 2009. Now, the team is back with a second report, "The Making of a Successful Entrepreneur," in which respondents answer questions about the factors that contributed to their companies' success. Flip through this slide show for Wadhwa's thoughts on the most compelling data.

 

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plugged.inThere are scores of articles in every major newspaper and every major magazine comparing India with China on various economic progress indicators. There are even books written about Tiger of India pitted against Dragon of China. To those who base their opinions on such reports, articles and books, it looks as though India is posing a strong completion to China, when in fact every measurable economic indicator suggests that China is clearly leading India on all fronts. Moreover the gap between these two countries is only widening with each passing year. And yet, many Indian commentators continue to complacently believe that India has some edge somewhere when in fact none exists.

The tone of these reports and analysis comparing India with China suggest that India is actually inching towards China. That is not the case. In reality China is leaving behind India by a bigger margin every year. It is becoming tougher and tougher for India to catch up. In the last few years, Chinese have built the biggest dam on the planet, built the longest bridges, built the fastest cities, built their own planes, submarines, ships, magnetic trains, and even the highest railways while India continued to lay another layer of asphalt on its decrepit roads after each rainfall.
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Well, it´s interesting that this nation is capable in so many areas. Historians tell us that jewish farmers produced 3 times more output on the same fields, compared to their parent palestinians that have been living there in earlier days.

A new book shows a new dimension of this capable folk: "Start-up Nation: The Story of Israel's Economic Miracle". Author Dan Senor explains: 'Israeli society has some built-in - and some hard-earned - advantages. It is these advantages that facilitate Israel's generation of more start-up companies than Japan, China, India, Korea, Canada and the UK, as well as Israel's boasting the second highest number of companies listed on the NASDAQ stock exchange, after the United States itself.

 

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Anthony Townsend, Institute for the Future
Alex Soojung-Kim Pang, Institute for the Future
Rick Weddle, Research Triangle Foundation
IFTF Report Number SR-12361

The model of self-contained research parks and incubators that dominated the last fifty years of technology-based economic development is being challenged by deep shifts in the global economy, science and technology, and models of innovation. This paper describes fourteen emerging trends that will set the context for technology-based economic development in the coming decades. These trends are used to develop three scenarios for the future of technology- based economic development over the next two decades. In the first scenario, an incremental evolution of the research parks model takes place in a world of rapid, but steady and predictable change. In the second scenario, entirely new networks of R&D space emerge in a “research cloud” that challenges current models to adapt, sometimes dramatically. The third scenario, the research park models is in rapid decline as R&D becomes highly virtualized and parks’ legacy cost structure makes them obsolete for young firms. We conclude by highlighting the strategic implications of these scenarios for existing and future parks and economic development.

 

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As I [Bob Sutton] blogged about awhile back, this week, Perry Klebhan, Alex Kazaks,Huggy Rao and I are running rather intense executive program called Customer-Focused Innovation. As you can see from the schedule, we are keeping the 21 executives in the program mighty busy. We kicked off with a tire-changing exercise led by Andy Papa, who among other things leads the pit crews at Hendrick's Motor Sports, where one team established the all time CFI speed record, changing in a tire on a NASCAR racing car in under 13 seconds. Yesterday, the group spent the day at the Tesla dealer in Menlo Park talking to owners, potential customers, people in sales and marketing at Tesla, and people who didn't like the idea of owning a Tesla at all. In the picture above, the two executives on the left are interviewing George Kembel, the d.school's executive director (he is the tall guy facing the camera) and the group on the right is interviewing one of the Tesla salespeople (the woman in black with sunglasses in her hair).

 

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Business Times - 18 Nov 2009

Siemens' solutions hub testament to S'pore's ability to be home for innovation

By JOYCE HOOI

SENIOR Minister Goh Chok Tong reiterated yesterday the importance of the three-pronged 'host to home' strategy in adapting to the demands of a post-crisis world.

'While Singapore will continue to be a good host for businesses, we want companies to see us as their 'home' as well, specifically as home for business, home for innovation and home for talent,' Mr Goh said, in reference to the 'host to home' strategy championed by the Economic Development Board to keep the best of talent and businesses here.

 

 

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The closing plenary session of the first World Innovation Summit for Education - WISE has produced a number of ground-breaking outcomes that signal the beginning of a new era in global collaboration on education. WISE concluded with a declaration of 10 core education priorities, an announcement of two initiatives and a renewed commitment to the three main areas of focus for WISE in the future.

Held in Doha, Qatar and attended by 1,000 influential opinion leaders from diverse sectors across the globe, the Summit, through its theme of "Global Education: Working Together for Sustainable Achievements" has created a new dynamism towards addressing the most challenging educational issues in the 21st century.

 

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Findings from recent researches carried out by Accenture, a global management consulting, technology services and outsourcing company, said Innovation is a top priority for companies seeking to grow in aftermath of the economic downturn, but flaws in managing innovation may hinder their progress”.

Additionally, nearly nine out of 10 respondents (89 percent) said that innovation is as important, if not more important, than cost reduction to their company’s ability to achieve future growth.

 

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Lahle Wolfe's article Do You Have What it Takes to Become a Successful Woman Entrepreneur? (About.com Women in Business) got me thinking about entrepreneurship in general.

I write about entrepreneurship from a research perspective in Thinking of Starting a Small Business?. Perseverance, initiative, competitiveness, and self-reliance all were rated highly by entrepreneurs themselves as the "necessary" qualities for success.

 

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Ben FranklinListening to the rhetoric about how the federal government needs to spend big to make sure the U.S. stays on technology’s cutting edge, I wonder if big carrots are better than baby ones.

Over the last 26 years, Pennsylvania’s Ben Franklin Technology Partners program has done a lot with a little state money. Mark Heesen, president of the National Venture Capital Association, recently praised the program, which provides young technology firms with small investments to nudge them ahead to where a venture capital firm may want to invest.

 

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TimeU.S. vs. China: Working Together on Global Warming?

Global warming is a problem that spans the entire world, but when it comes to figuring out how to stop it, the burden will largely fall on two countries: the U.S. and China. The U.S. is the world's largest historic carbon emitter, responsible for putting more greenhouse gases into the atmosphere over the past century and a half than any other nation. China recently surpassed the U.S. as the top emitter and will be responsible for more greenhouse gases in the future than any other country. "These two countries hold the key to sustainability or catastrophe," says Jake Schmidt, international climate policy director for the Natural Resources Defense Council (NRDC).

If that's the case, it might seem as if the world is headed toward catastrophe. Over the weekend, world leaders at the Asia-Pacific Economic Cooperation summit made explicit what had long been expected — that a legal, global treaty to reduce carbon emissions was no longer possible at next month's U.N. summit in Copenhagen. The deadlock between the U.S. and China is a big reason: Beijing expects Washington to take the lead on cutting carbon, but the U.S. won't sign on to a deal that doesn't including measurable action from the Chinese. From that perspective, climate change is one more competition between the world's reigning superpower and its No. 1 challenger. (Read "Is There Any Hope for Agreement at Copenhagen?")

 

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Who wouldn’t like to get their startup going in a city by the sea, with great climate, surrounded by hills, and get around the city on trams or get to the beach through a beautiful suspended bridge? And you can also add to that great food and great wine…

No, I am not talking about San Francisco, California. I’m talking about Lisboa, Portugal. Although we do have a beach called California close by: the Californian coast was first explored by a Portuguese sailor at the service of the Spanish crown, who was a native of Sesimbra, a fishing town 30 km south of Lisbon where there is a place called California Beach.

 

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