Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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.

questions

Ross Baird, founder of Village Capital, believes that venture capital isn’t doing a good job of getting new ideas to society.

In his new book, The Innovation Blind Spot, Baird explains that the industry isn’t doing its best to spur innovation.

“We think that capital goes to the best ideas, no matter what. But, in reality, if you look at most entrepreneurs trying to build a business, it doesn’t work out that way,” said Baird.

“Less than two percent of startup financing goes to women. Less than one percent goes to African-Americans and Latinos. Nearly 80% goes to three states: New York, Massachusetts, California. And D.C., Maryland, and Virginia isn’t in that 80%, even though there are great ideas here,” he said.

 

Read more ...

ITIF Logo

In a deeply integrated global economy with a growing number of industries tradeable across borders, more nations are competing for high-value-added, traded-sector industries. These nations know that losing the competitiveness race means fewer jobs and slower growth. Despite this, few nations, including the United States, have developed sophisticated competitiveness strategies. Rather, most competitiveness strategies focus on broad measures such as improving the business environment or supporting better factor inputs for firms. While necessary, these steps do not constitute an effective competitiveness strategy. Policymakers must go much deeper. An effective competitiveness strategy starts with a detailed “SWOT” analysis—assessing strengths, weaknesses, opportunities, and threats—for key traded industries and the country’s overall innovation system. It then tailors policy responses according to the findings.

 

Read more ...

NewImage

In a session called “Five Fixes For Healthcare” at the recent Forbes Healthcare Summit, concerns were raised about how innovative the biopharmaceutical industry really is. Dr. Laurie Glimcher, CEO of the Dana-Farber Cancer Institute, chided the industry saying that, when it comes to productivity, we “need to make a distinction between drugs that are transformative and drugs that are ‘me-too’.” Dr. George Yancopoulos, President and Chief Scientific Officer of Regeneron, was even more strident in his remarks, criticizing the industry’s 2016 new drug output noting that of the 22 FDA approvals only seven compounds were novel breakthroughs.

Image: Johnny Wolf George Yancopoulos, president and chief scientific officer of Regeneron, at the 2017 Forbes Healthcare Summit

Read more ...

3 Innovation Indicators The confab club

The dominance of traditional research and innovation indicators (e.g. number of publications in peer-reviewed journals, business R&D expenditures, number of patent application) has led to wrong or misguided research and innovation policies in many cases.

Image: http://theconfab.club

Read more ...

seoul korea

A Korean version of Silicon Valley in the U.S. will be built in Pangyo, Gyeonggi Province, to nurture start-ups as the country's new growth engines. It aims at enabling anyone with innovative ideas to start their own business by providing one-stop full-support service.

The government unveiled the blueprint for Pangyo Techno Valley II at an economy-related ministers' meeting held at Pangyo, southeastern Seoul, Monday. Innovative growth is one of the two main pillars of the Moon administration's economic policy along with income-led growth.

"As seen in Silicon Valley in the U.S. and China's Zhongguancun, it is crucial to set up an innovation center to form an ecosystem for start-ups and venture companies," Strategy and Finance Minister Kim Dong-yeon said.

 

Read more ...

typewriter

I often tell people I have fairly liberal parents, all things considered. As the child of Indian immigrants, it’s something I’ve come to appreciate, especially when it comes to my chosen career path. You could say my parents got catfished: When I went to college, I fancied myself the next Atul Gawande and chose to major in journalism while simultaneously striving for medical school, taking all the necessary pre-med coursework and even taking the MCAT.

 

Read more ...

money

It’s been18 months since the final rule of the JOBS Act went into effect, allowing equity crowdfunding. In those 18 months, everything proponents of the rule said would happen (and none of what the detractors said would happen) has become a reality. Over $82 million dollars of previously untapped capital from local investors has been committed to over 650 companies. No fraud has been perpetrated.

 

Read more ...

norway

Over the years, I have personally witnessed demo days, startup showcases and met with many startups incubated at incubation centers in Pakistan. One of the major concern with all these incubators is the lack of international perspective and openness to new ideas.

Right now, when the techies in Silicon Valley, or Oslo, or Singapore are obsessed with the concept of Blockchain, you will hardly find someone here in Pakistan who understands the concept and will encourage you to do something in the domain. In order to speed up with innovations in West, we need to increase our pace, be open to ideas and do things which scare us.

 

Read more ...

construction site

Are you in the 21st century with a game plan that in many ways was conceived in the late 19th or early 20th century? If you work in housing or planning in a city, chances are, the answer is yes — and these outdated game plans are at the foundation of cities and regional economies that are built to exclude and deny equal opportunity to all.

A new publication, “What About Housing? A Policy Toolkit for Inclusive Growth,” offers help for local governments and others who want to craft a new game plan for the 21st century, one based on inclusion and equal opportunity for all.

 

Read more ...

drone

Investment in unmanned aerial systems is soaring, but challenges remain. Here’s what stakeholders need to know about the evolving landscape.

Most people think of a drone, also known as an unmanned aerial system (UAS), as a sophisticated military technology or a hobbyist’s tool for capturing images of foliage, sporting events, and cityscapes. But businesses across industries realize that drones have multiple commercial applications, some of which go beyond basic surveillance, photography, or videos, and they are already using them to transform daily work in some industries.

 

Read more ...

Half Christmas trees spark mixed reviews Fox News

British stores are now selling artificial Christmas half-trees and some of them will set you back more than $130.

The bizarre Christmas tree craze is designed for people who don’t have much space, and we can’t work out if it’s utterly bonkers or a little bit genius.

The designs aren’t new — British home improvement chain B&Q first stocked them almost a decade ago – but it looks like more retailers are jumping on the bandwagon. The artificial trees sporting only half of their branches have been spotted on the shelves in British stores such as Wilko, Argos, Very and posh tree supplier Balsam Hill.

 

Read more ...

NewImage

The entrepreneurs I see are always talking about “disruptive innovation” ideas, but the plans I read are more often linear extensions of a current hot offering, like one more social network with the best of Facebook and Twitter, one more dating site dimension, or another “must-have” accessory for smartphones. Perhaps hard questions need to come before ideas, rather than after.

Image: http://blog.startupprofessionals.com

Read more ...