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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.

Seed fund group, Temple to study venture trends from Philadelphia Business Journal

The National Association of Seed and Venture Funds said Wednesday that it has entered into a research partnership with Temple University’s Fox School of Business that will focus on early-stage investing trends.

The partnership’s initial venture will be a survey of senior executives of early-stage funds to gather information on capital raising, investment, regional investment and technology development, and other things.

WSJ: Much Ado About Nothing by Rajeev Mantri

Reading the business press in India can be much like reading a Shakespearean tragicomedy. I recently came across a news item that talked of the agriculture ministry's efforts to set up two billion rupee poultry venture capital fund. According to an agriculture ministry official, capital subsidy, in the form of venture capital, was better than providing interest-free loans to farmers in the poultry sector.

Ford unveils new technology that connects EVs to the nation’s electric-grid by egmCarTech

Ford announced today that it is working with its partners on testing the industry’s first vehicle-to-electric grid communications and control systems, which will allow electric-vehicles to connect with the nation’s electric grid for optimal recharging.

The new feature will allow the owner of an electric-car to program when to recharge their vehicles, for how long and at what utility rate. For example, an electric-car owner could choose to charge only during off-peak hours when electricity is cheaper.

Do you need an innovation strategy? by Jeffrey Phillips

I've thought for a while that it would be great to get a number of bloggers to write about the same topic, which would allow readers to have different perspectives about an innovation topic from noted (well, at least some of us are) experts in the field of innovation. Braden Kelley asked us to write about the need or importance of innovation strategy, so here's my response to his request.

A national entrepreneurship policy by Abhijit Bhattachary

There can be no denial of the fact that extreme poverty and underdevelopment lie at the root of the growing Naxal menace engulfing a large part of rural India. The massive welfare allocations announced in the last budget for rural development may help to gradually curb the growth of discontentment, provided the funds reach the intended beneficiaries. On the other hand, in the urban front also the situation looks quite grim. The mass-scale hiring by the outsourcing industry in the IT and ITeS sectors has come to a grinding halt.

BusinessWeek: IBM Bets on Brazilian Innovation by Spencer E. Ante

Over the last few years, China and India have emerged as the twin hot spots of emerging tech innovation. Now IBM (IBM) is betting that one of the next big technology stars will be Brazil.

In the latest sign of Brazil's rising power, Big Blue is announcing on Aug. 18 a new initiative to stimulate the development of the country's technology sector. To kick off the effort, IBM is hosting its first-ever forum for venture capitalists and entrepreneurs in São Paulo along with FINEP, the Brazilian government agency that finances technology development. The daylong event will bring together more than 100 investors and dozens of new companies looking for investment and business advice.

WSJ: The New, Faster Face of Innovation by Erik Brynjolfsson and Michael Schrage

Call it innovation on steroids. Or innovation at warp speed. Or just the innovation of rapid innovation.

But the essential point remains: Technology is transforming innovation at its core, allowing companies to test new ideas at speeds—and prices—that were unimaginable even a decade ago. They can stick features on Web sites and tell within hours how customers respond. They can see results from in-store promotions, or efforts to boost process productivity, almost as quickly.

Caddell Insight Group: Innovation moving from initiatives to experiments

An interesting piece in today’s WSJ Business Insight section (”The New, Faster Face of Innovation” by Eric Brynjolffson and Michael Schrage of MIT) asserts that information technologies are reducing the cost of business experimentation and increasing the speed of rolling out new processes and approaches to the organization as a whole. As a result, more and more businesses are moving to use experimentation as a basis of their innovation programs.

Gartner: Web Innovation, Consumerization and Fast Followers by Kathy Harris

The Web is currently the most fruitful area for innovation — every day, new ideas emerge along with new uses for old ideas. The difference in innovations from the Web and those from other sources is who is driving the change. Web innovation is led by individual consumers (acting alone or in communities) and by innovative software developers (individuals, communities and vendors) who create the platforms, software and solutions for Web consumption. This is consumerization at work.

PATH to use Hilton Humanitarian Prize for $25 million innovation fund by Kristi Heim

Seattle-based PATH announced today it has won the world's largest humanitarian award, the $1.5 million Conrad N. Hilton Humanitarian Prize, for its work creating effective health technologies for the developing world.

Hilton Foundation Chief Executive Steven M. Hilton, who introduced the award during a press conference this morning, said PATH's work helping to develop 85 technologies, along with its commitment to sharing ideas and making sure products are sold at affordable prices, have had a profound impact on alleviating human suffering. More coverage of the award is here.