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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.

NYTSUNNYVALE, Calif. — For years, the process remained relatively static: PC makers like Hewlett-Packard and Apple, with well-staffed research labs and design departments, would dream up their next product and then hire a Chinese or Taiwanese fabricator to manufacture the largest number of units at the lowest possible cost.

But lately, this traditional division of labor has been upended. Many of those Asian companies have moved well beyond manufacturing to seize greater control over the look and feel of tomorrow’s personal computers, smartphones and even Web sites.
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Australian AnthillHave you ever worked in a company where the boss or your manager hoards information? Unfortunately, this is not all that uncommon. The old saying goes that “Knowledge is Power”, and those who are insecure in their abilities or feel threatened by those around them try to remain in control by hording information.

In fact, I know of one company where the Managing Director actually leaves notes lying around with incorrect or inaccurate information. The aim of this of course is to retain power by keeping the troops in the “dark” or, better still, confused. Can you believe that?

The question is: what’s your modus operandi?
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ESPN, COMCAST, 3DYup, we hear Comcast is in "very preliminary talks" with ESPN to carry their 3D channel set to debut in June.

We also heard that their customers are getting more interested in 3D offerings: About 65 percent of all on demand orders for horror flick My Bloody Valentine were for the 3D version.
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Posit ScienceIn most of the roles I’ve held over the past 15 years a key outcome was to create a growth business. It didn’t matter whether the effort was a start-up, creating a new product, an acquisition, or a partnership. One of the hardest things to do in those roles was to take an idea and translate that idea into a fully formed business that made peoples’ lives better.

The work we’re doing at Posit Science has brought this to the forefront again. The scientific breakthrough of harnessing the power of the brain to improve performance is clear. This is the invention. Invention- the word invent comes from the Latin word inventus, in plus ventus, meaning to come upon or to encounter. I think of an invention as a discovery or an idea that we dream up.
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Globe and MailGuy Kawasaki has seen innovation from inside Apple, where he held his first job, as well as from his work since then as a venture capitalist. At a technology conference at the University of Pennsylvania, reported in Knowledge@Wharton, he outlined his 10 Commandments for Entrepreneurs
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meteorA meteor is something in the far distance streaming through the galaxies. From Wikipedia: A meteoroid is a sand- to bouldersized particle of debris in the Solar System. The visible path of a meteoroid that enters Earth’s atmosphere is called a meteor. The root word meteor comes from the Greek mete?ros, meaning “high in the air.” It is also commonly although erroneously called a shooting star.

Social media is like a meteor. For a lot of people it is something far away but they have heard about it from someone or somewhere or seen it in the distance of their attention spans.
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BBCGovernment needs to do more to encourage innovation, America's first chief technology officer has been told.

The message was given to Aneesh Chopra as he visited the Consumer Electronics Show (CES) in Las Vegas.

While being applauded for recognising the importance of technology to help the economy, Mr Chopra was also chided.

"When it comes to innovation there's a lot the government can do, and there's a lot they should not do," said consumer industry head Gary Shapiro.
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A few angel investors have slipped or fallen from their lofty perch, so entrepreneurs must take great care to validate the character and reputation of every prospective investor. The entrepreneur’s tendency to be in a huge hurry to obtain the funding can end up being disastrous, and play into the hands of these less scrupulous investors.

Many entrepreneurs believe all money is created equal. As long as somebody recognizes their million dollar idea and writes them a check, the source really doesn't matter. In fact, most angels are pure, but there are some exceptions that may cost you more than an investment:
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GazetteJohns Hopkins University's Rockville campus is launching a technology commercialization and entrepreneurship program based on a similar initiative at the University of Maryland, Baltimore County, that officials said has led to the creation of more than 25 companies since its inception in 2005.

The program — called Innovate! — will take 15 business executives and 15 post-doctoral entrepreneurs through the process of evaluating a technology product's commercial potential and starting a business around that product over about a year's time. The products will be from the National Institutes of Health, Hopkins and other research institutions and federal agencies.
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NashvilleSix venture capital firms have successfully sold $120 million in tax credits and generated $85 million to invest in Tennessee-based entrepreneurs, state officials announced today.

Through the TNInvestco program, the six firms were each awarded $20 million in gross premium tax credits, which were marketed to insurance companies to create a pool of venture capital funds to invest in early and mid-stage companies. Participating insurance companies will apply the tax credits against their gross premium tax liability.
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Aneesh ChopraThe message of White House Chief Technology Officer Aneesh Chopra on Thursday was both clear and irritatingly abstract. For the United States to pull out of recession and strive, government and businesses must be nimble and transformative, he said.

Fielding questions from a roomful of reporters at the Consumer Electronics Show in Las Vegas, Chopra named open standards for digitizing healthcare records and learning by example from innovative technology CEOs as paths to nationwide prosperity.
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Creative ClassIn University and the Creative Economy, Richard Florida and colleagues build an economic development case around a region’s ability to capitalize on innovative technologies and research being produced at universities. Silicon Valley and Research Triangle are exemplary models. What if a region does not have this ability? Appropriately, they suggest a region work on developing the capacity to absorb university output through campus-industry partnerships. Otherwise, valuable intellectual property goes elsewhere. Or, worse off, and probably more common, it disappears into a black hole of uncommercialized ideas and patents.

Now, for regions that have universities but neither the current ability to absorb, nor the means to create a working capacity, is there an additional solution? Is it time for the universities to build their own infrastructure to absorb and commercialize their own creativity? Maybe this is the crossroads where higher education and economic development policy can tango?
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Automation WorldConservative, stodgy, slow to adapt, slow to change…

These terms have all been applied to manufacturing companies and the suppliers that provide automation products and services for them. Automation World wanted to start the new year by looking at the ideas and innovations that have driven automation, and at the technologies developing now that will impact automation in the future.
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EconomistLast year was just miserable for private equity fund-raising in the United States. Hitting its lowest point since 2003, private equity (including venture capital) fell 68 percent to $95.8 billion across 331 funds, down from $300 billion across 508 funds in 2008, according to Dow Jones LP Source.

No category of funds escaped the slowdown, except for secondary funds — a major outlier that saw a more than 50 percent increase in fund-raising.
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Statement by Chair of the Council of Economic Advisors Christina Romer on the Employment Situation in December

The statement below was posted on www.WhiteHouse.gov by the Chair of the Council of Economic Advisors Christina Romer in response to the December employment report. The statement can also be accessed at the following link: http://www.whitehouse.gov/blog/2010/01/08/december-jobs-numbers.

Christina Romer - Chair of the Council of Economic AdvisorsOn the December Jobs Numbers

Today’s employment report, though a setback from November, is consistent with the gradual labor market stabilization we have been seeing over the last several months.

Payroll employment declined 85,000 in December. To put this number in perspective, employment declined 139,000 in September and 127,000 in October. So, in a broad sense the trend toward moderating job loss is continuing. This trend is particularly obvious in the quarterly pattern: average monthly job loss was 691,000 in the first quarter of 2009, 428,000 in the second quarter, 199,000 in the third quarter, and 69,000 in the fourth quarter.

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Ohio Tech AngelsCOLUMBUS, Ohio — Early stage venture group Ohio TechAngel Funds has raised $2.5 million for its third investment fund, according to a regulatory filing.

Like the group’s previous funds, Ohio TechAngel Fund III will invest in Ohio-based technology companies in the life and physical sciences, and information technology industries, said John O. Huston, co-manager of the funds.

Angel investors invest money and experience in young companies. In recent years, groups like Ohio TechAngels have organized these investors and joined forces with other angel groups to provide vital pre-seed and seed capital that creates jobs and brings products to market.
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CrayonsThe New Year is bringing with it an accelerated buzz and excitement around the forthcoming Social Innovation Fund. A few weeks ago, the Corporation for National and Community Service released funding guidelines and asked for public comment. Sean has been curating that conversation on Tactical Philanthropy and an excellent guest post by nonprofit consultant Adin Miller prompted me to think about the three things I'm watching for with the Social Innovation Fund.

1) Collaboration. The Fund will work be allocating $5m-$10m grants to foundation intermediaries, who regrant the money. Foundations are required to match those grants, meaning that only foundations with a significant amount of cash on hand can participate. That said, the Notice of Available Funds (NOFA) encourages funding collaboratives to form. I love seeing incentives for funders to work together, but it's also a difficult proposition. I'll be interested to see how this plays out.
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NPRTechnology-related jobs have grown rapidly in the past 25 years. But the past two years have been tough on everyone, including technology workers. Not many new tech jobs are likely to emerge in 2010, but analysts expect to see a rebound by the middle of the decade.

Google and Microsoft aren't the only companies with technology jobs. Any company that manages lots of data, including hospitals, banks, insurance firms and retailers, needs technology workers.
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BWIt might sound simple, but taking a step back can help executives look at a problem in an entirely new light

When my colleague Dick Boland talks to an audience about how to manage by designing, there is often a moment where he pauses, usually with a hand raised thoughtfully to his chin. After a long and quiet beat, he takes a large step backward. While doing so, his hands cross his body to rest at either side of his imposing frame, a movement that emphasizes the simple act of stepping back. When he speaks next, it is usually about the importance of such moments, those moments when designers remove themselves from immediate concerns and considerations to look at the bigger picture, the context, the whole; those moments when we step back.

There are two important things about stepping back. The first uses stepping back as a way to get another perspective, to look at the bigger picture. The second is more like stepping away from something, usually assumptions that we have made. Contained in this simple movement are a couple of important lessons for managers who wish to be more innovative or use design approaches in their everyday work.
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Dashboard InternetLAS VEGAS — To the dismay of safety advocates already worried about driver distraction, automakers and high-tech companies have found a new place to put sophisticated Internet-connected computers: the front seat.

Technology giants like Intel and Google are turning their attention from the desktop to the dashboard, hoping to bring the power of the PC to the car. They see vast opportunity for profit in working with automakers to create the next generation of irresistible devices.
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