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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.

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 .


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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two scientific beakers, one with green liquid, another with blue liquidRoughly every two years, the National Science Foundation’s National Science Board releases the much awaited Science and Engineering Indicators report, a kind of temperature-taking for science in America that compiles all the latest evidence on science funding, student trends, the science workforce, and much else. Within this data dump, the heavily read Chapter 7 always addresses a subject that has been dear to me, and to the many pieces I’ve written for Science Progress: What are the latest findings on the relationship between science and the U.S. public, not only in terms of knowledge, but also engagement?

In my view, the picture here remains pretty dismal. But perhaps out of academic evenhandedness (and also in part by avoiding at least two very problematic areas), NSF paints a more mixed picture.

On the positive side, for instance, the report consistently shows that Americans are not so scientifically benighted as one might think, at least in comparison with the rest of the world. We go to science museums more frequently. We claim a higher level of interest in “new scientific discoveries” than citizens in South Korea, China, and many parts of Europe. And in terms of sheer factual knowledge, we perform pretty much on par with Europe, and ahead of other countries like Japan, China, and Russia.
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WASHINGTON, Jan. 19 /PRNewswire-USNewswire/ -- United States Senate Committee on Small Business and Entrepreneurship Chair, Mary L. Landrieu (D-La.), and Ranking Member, Olympia J. Snowe (R-Maine), today sent a letter to the U.S. Small Business Administrator, Karen G. Mills, encouraging the swift allocation of funds for the Federal and State Technology (FAST) Partnership program that was included in the FY2010 appropriations bill.

"The FAST program was created to expand and improve the participation of small technology firms in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs by providing matching funds to states," Senators Landrieu and Snowe said in the letter. "FAST funds are used within the states to raise awareness of SBIR and STTR, to provide technical assistance to firms participating in the programs, and to encourage commercialization of technology developed through the SBIR and STTR programs."

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For many entrepreneurs, 2009 was another year of slumping sales and frustratingly tight credit. Their expectations for this year aren’t shaping up to be much better. One big reason for this lack of optimism: uncertainty. Entrepreneurs are worried about how pending policy decisions will affect recovery, according to recent polls and conversations I’ve had with business owners from across the country.

So earlier this afternoon, when I watched a webcast on the state of entrepreneurship in the U.S. led by Kauffman Foundation head Carl Schramm held at the National Press Club in Washington, D.C., I brightened up a bit. Schramm, along with Commerce Secretary Gary Locke, entrepreneurs Reggie Aggarwal (Cvent) and Mary Naylor (VIPdesk), and educator Frank Douglas (Austen BioInnovation Institute), acknowledged the need to reduce the uncertainty facing entrepreneurs and offered fixes for policymakers to consider.
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Germinating an idea to seed companies across the commonwealth, Kentucky Science and Technology Corp. (KSTC) and state government officials have been holding one-day how-to-get-started sessions for entrepreneurially spirited individuals near state universities.

“This is another tool in our Kentucky tool shed,” said Kris Kimel, founder and CEO of KSTC. “You have to do relentless innovation to keep entrepreneurship alive in the state, and this helps with the first step. The start is half the deed, as the old Roman saying goes. … These events are designed to be simple, fast and high energy, and offer concrete results.”
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WELLESLEY/BOSTON -- Babson College of Wellesley, Mass., and Philadelphia's Drexel University and Temple University have won the top three places in a ranking of colleges running the best entrepreneurial programs, compiled jointly by Entrepreneur magazine and the scholastic testing company Princeton Review (Nasdaq: REVU)..

Babson was rated the best overall in a list that combined separate rankings for undergraduate and graduate programs. Drexel was second, and Temple tied for the third spot with the University of Arizona at Tucson .
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Women Business Owners to Lead the Nation in Job Creation Where will tomorrow’s jobs come from? Everyone from Main Street to the White House is focused on that question. Well, according to new data projections from The Guardian Life Small Business Research Institute, future job growth will be created primarily by women-owned small businesses.

Guardian’s research shows that by 2018 women entrepreneurs will be responsible for creating between 5 million and 5.5 million new jobs nationwide. That’s more than half of the 9.7 million new jobs the Bureau of Labor Statistics expects small businesses to create, and about one-third of the total new jobs the BLS projects will be created nationwide in that time frame.
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A major report released last week by the National Science Board concludes that U.S. global leadership in science and technology is declining as foreign nations – especially China and other Asian countries – rapidly develop their national innovation systems.

“U.S. dominance has eroded significantly… The data begin to tell a worrisome story,” stated Kei Koizumi, assistant director for federal research and development in President Obama’s Office of Science and Technology Policy (OSTP). The Director of the National Science Foundation, Arden Bement, noted that “China is achieving a dramatic amount of synergy by increasing its investment in science and engineering education, in research, and in infrastructure, which is attracting scientists from all over the world.”

The report, “Science and Engineering Trends 2010,” is published every two years by the National Science Board, a 25-member expert council that advises the National Science Foundation, President, and Congress on science and technology policy, education, and research. Koizumi called it a “State of the Union on science, technology, engineering, and mathematics.”
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With the growing number of online services, it's becoming more economical for small business to rely on web-based tools rather than expensive enterprise software. Not too long ago we brought you 5 Web Apps To Keep Your Startup Organized, and now the website Business Pundit has released their top 10 list of online collaboration tools for small businesses.

Call it Web 2.0, or Enterprise 2.0; the fact of the matter is that online services just make more sense for businesses on a budget. Because these software platforms are web-based, users can use any computer to access them at work, at home or even on the road. They eliminate the need for expensive software and fewer IT employees are required for setup, updates and patches to systems.
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Chris Dixon, co-founder of hunch, VCI think you could make a strong argument that the most important technologies developed over the last decade are a set of systems that are sometimes called “collective knowledge systems”.

The most successful collective knowledge system is the combination of Google plus the web. Of course Google was originally intended to be just a search engine, and the web just a collection of interlinked documents. But together they provide a very efficient system for surfacing the smartest thoughts on almost any topic from almost any person.

The second most successful collective knowledge system is Wikipedia. Back in 2001, most people thought Wikipedia was a wacky project that would at best end up being a quirky “toy” encyclopedia. Instead it has become a remarkably comprehensive and accurate resource that most internet users access every day.
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How BASE program worksCHAPEL HILL, N.C. – Fifteen emerging companies will receive a variety of services and report from the University of North Carolina’s Kenan-Flagler Business School as part of its Business Accelerator for Sustainable Entrepreneurship program.

The BASE initiative is in its second year.

Support ranges from capital to expertise and focuses on what Kenan-Flagler calls a “triple bottom line” of profitability, social equity and environmental sustainability.

The school provides support through mentors, students who are working on Masters degrees in business, networking events, training, workshops, access to service providers, and opportunities for financing.
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AnglesoftIt’s not enough to keep the deals flowing. Angel investors also have to keep sharp tabs on everything from event organization and member tracking, to syndicating opportunities and portfolio control. With no real solution available, David Rose, founder of New York Angels, one of the country’s most active angel groups, created one.

“In trying to streamline our processes, I looked far and wide for a tool or service to help with that. When it turned out no such platform existed, I decided to create one,” he says, explaining how Angelsoft came into being.
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The world's most innovative company just announced that it can't do business in China. What does this tell us about the state of Chinese innovation? The question answers itself.

When Google entered China in 2006, it got a lot of advice from old hands that China's Leninist state would make it hard for them to do business. Google ignored this advice and gambled that the internet would prove stronger than the Communist party - that once Google was in the door on however compromised terms - popular demand for freer information would create incremental movement toward a more open internet.

Four years later, Google seems to have concluded that they were wrong and the old hands were right: in the short term, and within China
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BusinessWeek Logo The creation by entrepreneurs of a destination for tech companies in Rajasthan's Thar Desert shows it's time to rethink regional development planning

For government officials and planning consultants looking to create regional economic growth and drive innovation, industry clusters are the Holy Grail. Popularized by Harvard professor Michael Porter in the early 1990s, cluster theory holds that a government or economic development body can create a viable hub of economic activity in a specific industrial sector by bringing in businesses, suppliers, researchers, and additional related people or entities. In other words, a focused governmental effort can create something from nothing, turning, for example, a fallow field into a tech park bursting with highly competitive, innovative companies. Governments all over the world have invested millions—sometimes billions—of dollars to attract industries they consider strategic.
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Universities in the Marketplace: The Commercialization of Higher EducationIs everything in a university for sale if the price is right? In this book, one of America’s leading educators cautions that the answer is all too often “yes.” Taking the first comprehensive look at the growing commercialization of our academic institutions, Derek Bok probes the efforts on campus to profit financially not only from athletics but increasingly, from education and research as well. He shows how such ventures are undermining core academic values and wha…  More
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Venture Capital Investments In India Fall To $475 Million In 2009MUMBAI -(Dow Jones)- Venture Capital firms invested $475 million in 92 deals during 2009, down from the $836 million invested across 153 deals in the previous year, according to a study by Venture Intelligence and Global-India Venture Capital Association.

Venture capital firms, however, began to increase the pace of their investments in Indian companies in the October-December quarter, making 42 investments worth $265 million, compared to 23 investments worth $102 million in the comparative period a year earlier, the study said.
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ATLANTA - (Business Wire) Much like the inventions themselves, IP Advocate ( began just over a year ago as an idea in one inventor’s mind – and has since grown to become a national movement that has amplified the collective voice of academic researchers on critical issues related to intellectual property rights. Dr. Renee Kaswan, former research professor and inventor of the groundbreaking drug Restasis®, along with a team of experts, launched the non-profit advocacy organization to address the inherent problems in university commercialization.

In its freshman year IP Advocate has been recognized for:

  • Widespread exposure for the issues of technology transfer and patent reform, in national press and influential online science forums and web publications
  • Collaborations with the Ewing Marion Kauffman Foundation, the Small Business Coalition on Patent Legislation, the National Small Business Association and university technology transfer veterans nationwide
  • Participation with recognized scientists, academic inventors and industry experts, who have contributed their opinions and insights exclusively for IP Advocate’s growing online community
  • International awards in education, advocacy and user experience
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