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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.

bus

A Boston company wants to offer people free access to a communal broadband network if a user pays for about $300 in equipment, according to an interesting summary over at Stop the Cap. The site profiled NetBlazr, which hopes to deliver free broadband with speeds of up to 60 Mbps to companies that will share that access with others in range while turning over management of the gear to NetBlazr. From the post:

NetBlazr starts with gigabit fiber from Cogent Communications, and then delivers free or low-cost access to any customer willing to do two things:

Spend $299 for the basic installation kit, which includes a high-speed router, three antennas, and some cabling; Use the included equipment to receive service from NetBlazr and agree to share it with anyone in range of the wireless antennas included in the kit.

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Zuckerberg

The Huffington Post has come across this fascinating five-minute interview of Mark Zuckerberg at Facebook’s Palo Alto office in June 2005. The clip is apparently part of a longer 40-minute-interview from a documentary about millennials shot by Ray Hafner and Derek Franzese.  That interview has never been shown in full, and if I were Hafner and Franzese I’d be figuring out a way to do that stat, especially post-The Social Network.

Zuckerberg’s initial vision, “an online directory for colleges” seems remarkably short-sighted in light of the fact that Facebook users comprise now 11% of the world’s population and 35% of the world’s online population. In retrospect Zuckerberg may have wanted to put the fratty red beer cup down (Fun fact: He had just turned 21, also that’s co-founder Dustin Moskovitz doing a keg stand).

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Hay Bails

We hear the word innovation a lot. When I hear it, my mind often jumps to technology or creative businesses or something big. But when I really think about it, there are many simple ways for small businesses to innovate. We can innovate by updating the way that we see things. We can innovate by using new technology to accomplish old jobs. We can also innovate by seeing our business, department or team from a different angle and working that new perspective into your company.

Every week I check out what some of our Small Business Trends experts have to say over at American Express OPEN Forum. And this week innovation has caught my eye – again.

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The federal government’s moves to cut spending could eliminate tens of millions of dollars in funding for the University of Massachusetts over the next decade.

AMHERST - The University of Massachusetts system largely avoided immediate spending cuts that accompanied passage of the debt-ceiling compromise in Washington last week, school officials said Monday.

But the university might not be so lucky come the next round of budget cuts, officials said, noting that UMass is highly reliant on federal money to fund the $489 million in scientific research it conducts annually.

That sentiment reflects the uncertainty that follows the resolution of the debt-ceiling crisis in Washington last week. University officials and budget analysts said Congress has yet to identify specific cuts in discretionary spending.

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Chart

The New Age of high-growth women entrepreneurs is about to transform economies across the globe and create millions of jobs.

If this sounds like a grand statement, it is not, from listening to Sharon Vosmek. As CEO of Astia, the premier venture accelerator for women-led high growth companies, Vosmek is passionate that women entrepreneurs will create the next high-growth firms, and pull the global economy out of the doldrums. Literally.

Vosmek points to the data. It is underpinning Vosmek’s crusade to take women-led high-growth entrepreneurship global and to next scale. It is compelling. Data shows that if women CEOs had the same access to capital as male CEOs, six million jobs would be added to the economy in five years; two million in year one alone.

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Genes

Researchers at the Perelman School of Medicine at the University of Pennsylvania have identified a gene for endurance, or more precisely, a negative regulator of it. Not having the gene relates to greater endurance in the knockout mice that were studied. The investigators also showed that the gene is linked to Olympic-level athletes in endurance sports such as swimming compared to athletes in sprint sports such as the 100-meter dash. The study appears online this week in the Journal of Clinical Investigation. The work has implications for improving muscle performance in disease states including metabolic disorders, obesity, and aging.

“We have shown that mice lacking the gene run six times longer than control mice and that the fatigable muscles of the mouse — the fast muscle in the front of the leg — have been reprogrammed and are now fatigue-resistant,” explains senior author Tejvir S. Khurana, MD, PhD, professor of Physiology and member of the Pennsylvania Muscle Institute. “This has wide ramifications for various aspects of muscle biology ranging from athletics to treating muscle and metabolic diseases.”

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Puerto Rico Flag

Dear Colleagues and Friends of Puerto Rico,

My name is Mariano Garcia-Blanco.  I am a Puerto Rican scientist, Professor at Duke University School of Medicine, and Trustee of the Puerto Rico Trust for Science, Technology and Research (the Trust). I write to you as a concerned citizen because today, in my view, the Trust is under siege by elements within the current Government of Puerto Rico and I need your help to save the Trust.

The Trust was created to guide the development of an economic sector or sectors known as the ‘knowledge economy’, which is globally competitive, is based on technology, and promises high quality jobs.  The vision is that this development would complement existing economic engines and would significantly improve the economy of the archipelago.  Some positive effects will be felt in the short term, but the greatest promise is for sustained economic health in the long term.  Central to this long-term solution is stable governance, which was explicitly and implicitly provided for in the law that created the Trust.  Essential for stable governance is autonomy from the government and its political volatility.

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dc3 logo

The Detroit Creative Corridor Center’s (the “DC3”) core task is to develop, implement and manage the creative economy initiative (the “Initiative”). The Initiative is the strategic plan to grow Detroit’s creative economy, with a concentrated effort around cultivating creative density in Detroit’s Creative Corridor, defined as the area encompassing Downtown, Midtown and New Center Detroit. It will accomplish this through a series of partnerships and targeted interventions whose combined efforts will position Detroit as a global center of creative innovation.

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Harvard

When discoveries from academic labs are developed into a blockbuster drug, universities often rake in big dollars from licensing revenue. With the translation of its life sciences research into commercial applications in mind, Harvard aims to put more financial muscle behind its 4-year-old Accelerator Fund, Xconomy's Greg Huang reports.

Huang got the scoop on Harvard's plans to raise $20 million to $30 million for the fund from the two bigwigs behind the effort: tech transfer legend Isaac Kohlberg, who serves as the Ivy League school's tech development head and senior associate provost, and Curtis Keith, the scientific chief of the Accelerator Fund and a co-founder of drug developer CombinatoRx (now called Zalicus). Kohlberg says the 5-year goal of the program is to have up to two drugs stemming from Harvard research enter clinical trials and for a start-up advancing Harvard technology to be in talks with a potential buyer.

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Keiji Iwai/GETTY IMAGES -  Pioneering entrepreneurs may be the key to U.S. job growth.

We need innovators to restart the jobs engine. With their bold new ideas, entrepreneurs and next-generation leaders are our best hope for scaling high-growth businesses. If we want more jobs, we need more Steve Jobs.

But Uncle Sam doesn’t seem to get it. Old man Washington wages partisan war, disregarding his own house on fire with unemployment. Today only 58 percent of the population is working, the lowest number in nearly three decades. And 46 million Americans are on food stamps, a national record.

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Money Handshake

Luke Fishback is a smart guy. After graduating college with an engineering degree, he got a job at Lockheed Martin. But within a few years, he had had enough.

Why?

Well, Luke realized he was an entrepreneur at heart, and needed to start his own company. In fact, Luke had been an entrepreneur earlier in his life. When he was just 14 years old, he started Luke's Garbage Service, a waste disposal and recycling service for a rural community in Georgia.

So Luke started a company called PlotWatt. The company creates technology that helps people reduce their energy bills by providing customized money-saving recommendations.

But there was one thing Luke was missing: money. Luke needed money to build his team, develop his technology, and start marketing his company.

Fortunately Luke didn't follow the failed path that most entrepreneurs take; which is to try to secure millions of dollars in venture capital right away.

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Ship

In the 1970s, with the backing of a Saudi prince, Georges Mougin proposed dragging icebergs from the North Atlantic to the drought-stricken shores of Africa.

Most experts laughed at him, and ever since, iceberg towing has been a mainstay of business opportunity scams and lore.

Well, it turns out that the “experts” were wrong. It is possible. And very feasible.

Cut to 2009 and French software firm Dassault Systemes, who thought maybe Mougin was on to something after all and contacted him to suggest modeling the whole idea on a computer. After applying 15 engineers to the problem, the team concluded that towing an iceberg from the waters around Newfoundland to the Canary Islands off the northwest coast of Africa, could be done, and would take under five months, though it would cost nearly ten million dollars.

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Duane Zobrist writing for Fast Company:

The struggling economy has turned up the volume of the voice inside the heads of potential business owners that says, “What do I have to lose?” The excuse of job security given by employees as the reason they never started a business has been disproved by the current recession. An untimely firing has awakened many to the fact that nothing is guaranteed, and loyalty doesn’t exist when it clashes with corporate profits. So instead of taking another job they can’t stand and may be pulled out from under them anyway, many are taking a leap into the entrepreneurial world.

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runner

Maintaining a healthy work-life balance is difficult for anyone, particularly when our smartphones buzz with each new email, no matter whether we’re on the way to the gym, in the grocery store, or relaxing at home. But the challenge can be exponentially harder for today’s entrepreneur. Starting a business requires a little insanity, to be sure, but you don’t want the lifestyle to send you over the edge.

So how do successful entrepreneurs stay sane while they prosper at work and at home? For me, finding balance boils down to taking it one day at a time, one step at a time, and always staying present in the moment while running and growing my business. Here are a few tips I like to incorporate into my daily routine:

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NewImage

There’s no doubt that if you can find a way to influence the top influencers in your industry, you are on your way to becoming an influencer yourself–in other words, finding your way into the secret club. But it’s not easy. Here are some tips for finding your way into the ranks of the top influencers in your niche.

Be Remarkable If you want to be remarkable, you have to do something remarkable. Look at all the influencers in your industry and you’ll see the same thing. These are people or businesses that have done something that makes a difference, or gets attention, or really makes a mark. You simply cannot become an influencer without doing something remarkable. Other influencers know what it took to get to their position, and they are looking for new members of the club who understand that they need to do the same thing. Unfortunately, doing something remarkable requires effort and a lot of hard work. If you can’t do that, you’re out before you were even considered. Get to work.

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NewImage

Over the last few weeks, six teams have been working out of Teens in Tech Labs HQ in Mountain View, CA building a product that they launched at the 2011 Teens in Tech Conference.

The incubator program lasted a little over eight weeks and was very hands on, in terms of mentor and advisor involvement. The Teens in Tech Incubator program came out of an idea that entrepreneurship doesn't have a start age — you can be an entrepreneur at any age. It was started by Daniel Brusilovsky a 19 year old serial entrepreneur.

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Glasses

Rarely do we find a company so committed to social innovation that it runs through every fibre of its commercial vein; I found one such company, Adlens Ltd. It produces Emergensee, self adjustable glasses for near-and far-sighted people. These glasses are easy to use and instant vision correction ideal for any emergency, as a replacement, to share among the family or in medical cases where temporary fluctuating vision exists. Adlens wants to provide its products to people in the developing world including those affected by emergency disaster situations, such as the recent earthquakes in Japan and New Zealand.

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Job Decline

Imagine a small airstrip where single-seat planes head down the runway, get 100 feet into the air and crash back to Earth, joining a heap of wreckage that grows by the day.

You'd think this might discourage people deciding to become a pilot.

That's a snapshot of what the recent recession did to many small businesses in America, where beneath the wreckage of failed companies lies a collection of would-be entrepreneurs. Economic funk, poor sales, tight credit, competition from new entrepreneurs abroad—all either choked existing businesses or caused aspiring entrepreneurs to hunker down and not take the leap.

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Entrepreneurship Logo

A 10 percent decline in the U.S. stock market over the past few weeks isn’t going to bolster the enthusiasm of venture capitalists or healthcare startup owners.

It’s all a matter of confidence. With weak sentiment coming out of Wall Street and Main Street, business investors are keeping their powder dry, and are largely refraining from making any big financial bets until the smoke clears.

For healthcare entrepreneurs looking for cash, that’s cold comfort. Entrepreneurs usually don’t have the luxury of waiting around for the U.S. Gross Domestic Product (GDP) to come around, or for the unemployment rate to recede.

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AUTM Logo

Academic institutions produced more startup companies as they commercialized their researchers' work in 2010 than they did in 2009, although some other forms of licensing activity decreased slightly, according to the preliminary results of an annual survey of the Association of University Technology Managers. The number of new U.S. patent applications filed by the institutions in the AUTM survey soared to 12,281 in in 2010, from 8,364 in 2009; the number of patents issued also rose, and licensed technologies and inventions at the surveyed institutions produced 651 startup companies in 2010, up from 596 in 2009. But the number of commercial products created stayed flat (657 vs. 658 in 2009) and the number of licenses executed dipped.

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