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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.

Age of Innovation

Kjell Nordstrom & Jonas Ridderstrale in their book Funky Business mentioned " The ’surplus society’ has a surplus of similar companies, employing similar people, with similar educational backgrounds, coming up with similar ideas, producing similar things, with similar prices & similar quality."

Foreign-Funded Equity Investment Allowed to Incorporate in Pudong, China

Since the outbreak of the global financial crisis, the typical model of China's capital market—that both fundraising and exit of private equity (PE) funds/venture capital (VC) are effected overseas—has begun to attract skepticism. In contrast, Chinese currency PE funds have been growing in past months. Chinese authorities have released a series of policies, meanwhile, to promote the development of equity investment.

Startup Uruguay?

VentureBeat has a terrific article today about the first venture capital firm in nation of Uruguay.

The company is called Prosperitas Capital Partners and when it was formed in 2005, there was so little infrastructure that even the lawyers didn't know how to write venture term sheets. The company's first fund was a $10 million dollar fund that invested in healthcare and technology companies. They're working on raising a $100 million fund and partnering with a Bay Area VC firm for another venture fund for Latin America more broadly.

The Beatles and Innovation

The Beatles were innovators, and they did it the old-fashioned way: they used templates. They were two-way innovators, using a mix of PROBLEM-TO-SOLUTION and SOLUTION-TO-PROBLEM innovation. The Beatles were corporate innovators who created immense fortunes for their shareholders. They used structured methods, experimentation, and technology the same way Fortune 500 companies create new products and services. According to the Recording Industry Association of America, The Beatles have sold more albums in the United States than any other artist. In 2004, Rolling Stone magazine ranked them number one in its list of 100 Greatest Artists of All Time, and four of their albums appeared in the top ten of the magazine's 500 Greatest Albums of All Time list. The Beatles' innovative music and cultural impact helped define the 1960s, and their influence on pop culture is still evident today. The Beatles were collectively included in Time magazine's list of The Most Important People of the 20th Century. How were they so effective?

The Top Five Reads For Your Back To School Social Entrepreneur

Going back to school is always a mixed bag. On the one hand, it's a chance to check in with friends, to get back to the activities you love, and to feel one year older and at least one year cooler. On the other hand, it's school, and even for those of us who love learning, school can be a drag. So this year, let's follow Mark Twain's example when he said "I never let my schooling interfere with my education." Here are the top five extracurricular reads for you high school and college social entrepreneurs.

WSJ: How Well Do You Know… Innovation?

Innovation is what keeps technology interesting—and useful. Gadgets keep getting flashier, applications are constantly emerging to address life’s everyday annoyances, and businesses rely on new technologies to keep up with, or ahead of, the competition. See how much you know about some of the latest innovations and the ways they’re affecting people and businesses:

BusinessWeek: Vote for Asia's Best Young Entrepreneur

The world may be struggling to emerge from the global recession, but that's not deterring many young entrepreneurs in Asia. Throughout the region, ambitious businessmen and women are navigating the economic turmoil and trying to succeed with new business ideas. Most of the finalists in BusinessWeek's annual report of Asia's Best Young Entrepreneurs have had to start from scratch. Some even have to support a family.

Jonathan Farrington’s Blog: ‘Five or six degrees of separation’ – So what?

So, every individual in the whole world is potentially only five or six contact steps away.

This ‘five or six degrees of separation’ shows that even an entire population of over five billion people is still highly accessible.

So what?

For practical purposes, we don’t necessarily want or need to meet millions, or even thousands of people in different organisations, age groups, religions, professions, cultures or places.