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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.

French for Entrepreneur

Could the French fondness for a single job for life be giving away to a new spirit of entrepreneurialism? The number of new private businesses launched in France is soaring. June saw an all-time record, and figures in July were only slightly off that pace. French officials estimate that by the end of 2009 France will be about half a million new firms better off. In 2008 just 328,000 small companies were created, and in 2007 the figure was 321,000.

Chinese Gov't pledges strong support for innovation-based SMEs during downturn

BEIJING, Aug. 31 (Xinhua) -- Science and Technology Minister Wan Gang said Monday China's government would provide strong support for small-and medium-sized enterprises (SMEs) to help them tide over the current economic downturn.

"The most effective way to withstand the impact of the global economic meltdown is to accelerate technological innovation, the new economic growth engine," Wan said in a signed article on the front page of Monday's Study Times, run by the Party School of the Central Committee of the Communist Party of China.

Digital 21 - Entrepreneurship: Cultivating the art of the start

Now that we have realised the false economy that comes with selling houses to one another, the nation is in a fight for economic survival and amongst the 430,000 people now on the live register there are surely entrepreneurs who can be encouraged to establish their own businesses.

But small businesses, which are the lifeblood of the Irish economy, are battling against a situation whereby the banks that their own Government has bailed out are refusing credit. This does not bode well for entrepreneurs who need to access start-up capital. So creative means must be identified as a matter of urgency to ensure that access to seed capital and supports to enter overseas markets exist.

Boston Innovation Culture 4 -- Equity Culture

A few posts back I reported on work I’ve done comparing innovation in Boston and California. I argued that Silicon Valley beats Boston by a mile in it’s “recombination” capability: quick focus of energy and resources on new opportunities like the PC and the internet. Recombination is enabled by three things: an entrepreneurial community, “open” systems, and an equity culture. [There is a link to the complete presentation, Strengthening the Massachusetts Innovation Culture, at the end of this post.]

BusinessWeek Blog on Corporate Tax Reform:
Turning Corporate Taxes into an Innovation Spur

As Michael Mandel has written in BusinessWeek, the current U.S. recession is due in part to a shortfall in innovation and competitiveness.  Those lags, in turn, can be traced to the U.S. corporate tax code.  U.S. statutory and effective corporate tax rates are high compared to those of other nations.  Moreover, the code provides only minimal incentives for companies to invest in the building blocks of innovation: research, new capital equipment, and labor skills.  It is time to redesign the tax code to help turbocharge the U.S. innovation engine.  Doing so will improve U.S. competitiveness, not only by reducing international tax differentials, but by also spurring more domestic investment in research and development, productivity-enchancing capital expenditures, and worker training.

Read the BusinessWeek Blog.

Govt committed to supporting R&D

Ms Ayittey said this in a speech read on her behalf at the opening of the Fourth Biennial National Delegates' Conference of the Senior Staff Association of the Council for Scientific and Industrial Research (CSIR) at Bunso in the Eastern Region. The Minister said government was committed to ensure increase in agriculture production so as to achieve food security and employment. She commended the CSIR for its contribution in agricultural research in respect of varietals trails, crosses research techniques, yield improvements and pest control.

EDC Expo speaker (Richard Bendis) to discuss capital, mentorship value

An experienced hand at developing capital resources will headline the Entrepreneurial Development Center’s fourth annual Expo.

Richard Bendis, president and CEO of Innovation America, a national private/public partnership focused on entrepreneurism, will talk about capital fundraising challenges at the Sept. 1 event at Kirkwood Center for Continuing Education in southwest Cedar Rapids.

How To Start A Business From Your Dorm Room

These are grim days for college students looking beyond the quad and into the job market. Some students are taking a proactive approach before graduating and setting up shop while in school.

Student-run businesses have moved beyond staples like proofreading and babysitting. Instead, students are taking advantage of technology to create sophisticated dorm-room businesses, in part because they view owning a business as less risky than working for one.

A Final Ted Kennedy Innovation: A New Way To Use Twitter

Today, with Ted Kennedy in repose, his family bears responsibility for a technological advance, one that, if replicated by others, will save time, money and mental bandwidth. It seems small potatoes: instead of using e-mail to distribute information about funeral arrangements, the family has set up a Twitter account, @kennedynews. The handle will be used to provide updates about timing, logistics, even VIP arrivals to various events. This will undoubtedly prove more efficient than press releases, which must be clicked on and skimmed until the particular piece of information is communicated. The 140-character limit will force the info to be communicated quickly, unadorned with extraneous words.