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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.

WSJ: It’s Official: Solyndra Is First Solar Co. Awarded Federal Loan

The Obama administration on Friday used the California site of a planned solar-panel factory to complete the first-ever loan guarantee for a renewable-energy project, a $535 million deal that will allow Solyndra Inc. to create hundreds of jobs.

The announcement, outlined by Vice President Joe Biden and Energy Secretary Steven Chu in a region battered by an auto-factory shutdown, comes as Obama administration officials are hoping to show that investments in clean energy projects can help reverse almost two years of job losses.

BusinessWeek: Where Have You Gone, Bell Labs?

America needs good jobs, soon. We need 6.7 million just to replace losses from the current recession, then another 10 million to spark demand over the next decade. That's 15 million to 17 million new jobs. In the 1990s, the U.S. economy created a net 22 million jobs (a rate of 2.2 million per year), so we know it can be done. Between 2000 and the end of 2007 (the beginning of the current recession), however, the economy created new jobs at a rate of 900,000 a year, so we know it isn't doing it now. The pipeline is dry because the U.S. business model is broken. Our growth engine has run out of a key source of fuel—critical mass, basic scientific research.

BusinessWeek Interview: Google China's Kai-Fu Lee Debuts Innovation Works

Kai-Fu Lee became famous in 2005 when the engineering whiz left Microsoft, where he had created Microsoft Research Asia, to head search giant Google’s operation in China. Microsoft sued, charging that he violated a noncompete agreement, but eventually settled. This time, as Lee leaves Google, he’s sure to avoid a lawsuit, because he’s starting his own venture, which launches Monday morning in Beijing.

Indian agriculture needs a jump innovation

The world is witnessing urbanisation. In the next few years more than half of the global population will be living in cities. Many of these cities are typical delta metropolis, usurping the space most suited for agricultural production. Moreover, rural population will keep leaving the rural poverty trap and move towards cities that offer the connection to the 21st century network society.

LEADING THROUGH THE STORM: HOW TOP BOSSES MANAGE DURING THE RECESSION

Leaders, take heed: There really might be no time like the present to launch a new product or service.

“This is a time when a lot of businesses are hunkering down,” said Chuck Bamford, a professor of entrepreneurship at Queens University of Charlotte and business consultant. “Typical competitors are not looking to do something new or different. … Providing you can financially afford it, take this as an opportunity to test out ideas and try to be innovative.”

Swiss Technology transfer projects approved

The Swiss National Science Foundation has approved 28 additional technology transfer projects for National Centres of Competence in Research in the hopes of stimulating the economy both in the short and medium-term. The projects are being funded by the Swiss federal government as part of its measures to stabilize the economy. With this, a total of 25 million CHF will be invested into developing new technologies.