2009 Top Articles
Happy New Year
Innovation America wishes you a Happy, Healthy, Prosperous and most importantly an INNOVATIVE New Year! As we look forward to a New Year , it is also important to reflect on some of the highlights of 2009 that we can build on. Today's innovation DAILY is a special issue that features the most popular articles from (iD) in 2009. We thank you for your loyal following and hope that you will continue to enjoy our focus on Global trends on Innovation in the new year. We welcome any comments or suggestions you might have to improve our content and hope you share our newsletter with your friends and networks. Keep Innovating in 2010. Rich Bendis SBA AND TREASURY SMALL BUSINESS FINANCING FORUM RECOMMENDATIONS
As Submitted by Richard A. Bendis, President, Innovation America and Vice Chair NASVF
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The five biggest mistakes that entrepreneurs makeThe tricks to success change all the time, but the keys to failure are consistent. Serial entrepreneur Jerry Kaplan put together this list in a lecture in Stanford University’s entrepreneur thought leader speaker series in 2003 – but it’s as relevant today as it was then. Hubris, greed, lack of clarity and dumb hiring mistakes continue to be the biggest problems in the start-up world.
"SMALL BUSINESS EARLY-STAGE INVESTMENT ACT OF 2009" INTRODUCED
The bill would authorize $250 million to create a program within the Small Business Administration, with grants to be distributed through the existing venture capital network. Qualifying for a grant under the program requires: President Obama's Innovation Initiative is a Hodge-Podge That Doesn't
Future Knowledge Ecosystems: The Next Twenty Years of Technology-Led Economic Development
UK Innovation Investment Fund Proposals
Where's the next boom industry? Maybe 'cleantech'
The Paradox of Innovation
$200 mil sought for Ariz. startups
Posts about venture capital as of September 26, 2009India Venture Capital & Private Equity Report – indian.startups.in India Venture Capital & Private Equity Report – trak.in Dimensions of Innovation in Entrepreneurship by Chris Evdemon –sgentrepreneurs.com TC50 DemoPit Startup AskYourTargetMarket Simplifies Market Research –venture.name Examining the Journal’s Fisker story – thedeal.com (Cornell Study) What Entrepreneurs Want From VCs: Independence And Faster Feedback – thefaredge.com Gore Backed Car Firm Gets $529 Million U.S. Government Loan –americanpatriotjournal.com Sorry for the long hiatus – exciting things in Rochester –rochesterstartups.com Commerce Dept Launches New Programs to Help Entrepreneurs –techpolicycentral.com Friday Q&A: Sherrill Neff, founding partner of Quaker BioVentures –technicallyphilly.com Posts about venture capital as of September 26, 2009 The New Sputnik
Forum held to drive green innovation and commercialization
WSJ: Think The Worst Is Over? Think Again, VCs Say At Tech Showcase
Five Keys to Innovation
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Representative Glenn Nye (D-VA) has introduced H.R. 3738, the "Small Business Early-Stage Investment Act of 2009," to create an early-state investment program to provide financing to support small businesses in targeted industries, e.g., energy technology, clean technology and environmental technology.
I [Bruce Nussbaum] invite everyone to read
Anthony Townsend, Institute for the Future
The model of self-contained research parks and incubators that dominated the last fifty years of technology-based economic development is being challenged by deep shifts in the global economy, science and technology, and models of innovation. This paper describes fourteen emerging trends that will set the context for technology-based economic development in the coming decades. These trends are used to develop three scenarios for the future of technology- based economic development over the next two decades. In the first scenario, an incremental evolution of the research parks model takes place in a world of rapid, but steady and predictable change. In the second scenario, entirely new networks of R&D space emerge in a “research cloud” that challenges current models to adapt, sometimes dramatically.
The third scenario, the research park models is in rapid decline as R&D becomes highly virtualized and parks’ legacy cost structure makes them obsolete for young firms. We conclude by highlighting the strategic implications of these scenarios for existing and future parks and economic development.
The UK Department for Business, Innovation and Skills has taken the next step in setting up the UK Innovation Investment Fund (UK IIF), a venture capital fund of funds to support the UK's technology companies. Capital for Enterprise Ltd. will release the Request for Proposals (RFP) for prospective Fund of Fund managers for the UK UF. The RFP is a key milestone in delivering the fund as it sets out the parameters for the fund and details the information expected from prospective Fund of Fund managers. The RFF will ask potential Fund Managers to target the sectors of the future, such as life sciences. Low carbon, digital and advanced manufacturing. Success in these sectors is key to the UK Government's industrial strategy to create highly skilled jobs as Britain emerges out of the global downturn . The RFP will also ask Fund Managers how they will raise money from private sector investors to create the largest technology Fund in Europe.
SAN FRANCISCO - EDITOR'S NOTE -- One in a series of stories assessing how last fall's financial meltdown and the Great Recession have changed our lives.
My big insight about innovation these days would make Nobel Prize winner, Niels Bohr, proud.
State and local business organizations have launched a venture-capital "fund of funds" that aims to raise up to $200 million to finance small high-tech Arizona companies that aspire to become the future Microsofts and Googles of the world.
China is embarking on a new, parallel path of clean power deployment and innovation. It is the Sputnik of our day. Unfortunately, we’re still not racing.
LOS ANGELES, Aug. 4 (Xinhua) -- A two-day Green Tech Connect Forum was held from Monday to Tuesday in Pasadena, California to help drive green innovation and commercialization in the United States.
In a classic episode of “The Simpsons,” the owner of convenience store Kwik-E-Mart, Apu, is being held up at gunpoint and shouts to a policeman in the store for help. The cop, Chief Wiggum, retorts, “Hey, I got problems of my own right now,” as his tie is pulled slowly into a hot dog rotating machine.
Professors from Harvard Business School, Insead and Brigham Young University have just completed a six-year study of more than 3,000 executives and 500 innovative entrepreneurs and have identified five skills that drive innovation:
In an industry often vilified for putting profits before patients, Daniel Vasella, chairman and chief executive officer of Novartis, the $40 billion pharmaceutical company headquartered in Basel, Switzerland, sits in a special spotlight. A physician grounded in science and clinical practice, Vasella is determined to put medical advancement before short-term shareholder returns. Rather than following the more traditional model of channeling R&D budgets into searches for new blockbuster drugs, he focuses instead on drugs that will treat patients with rarer ailments. If those drugs later prove to cure other diseases as well, thereby enlarging their commercial footprint, then so much the better. But potential market size is not what drives him, he says; using science to improve the lives of patients is.