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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.

lab

SUNNYVALE, Calif. — Lee Redden, 26, a Ph.D. student in engineering at Stanford, recently decided to shelve his education and help found a start-up company. His skills lie in a couple of red-hot niches of artificial intelligence, computer vision and machine learning. Yet he is not applying his talents to Internet search, online commerce or intelligence surveillance.

Mr. Redden’s ambitions are further afield — in farm fields, actually. His company, Blue River Technology, is developing a robotic weed killer for organic farms, which shun chemical pesticides. The new venture, he said, is “a great way to bring this technology to agriculture.”

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Branding

It’s very important to realize that your brand is one of the most important aspects of your business. It can differentiate between visitors and buyers, and can also be the determining factor for success or failure. As with any other project, there are several things to consider when building a successful brand for your company. Below are some suggestions for things you can do to come up with a great brand that will imprint itself in your consumers’ minds.

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Business Valuation

A new report prepared by Collaborative Economics and produced by the organization Next 10 finds that California took in $467 million in global venture capital (VC) investment in EVs (69% of total dollars) in the first half of 2011.

The report, Powering Innovation: California is Leading the Shift to Electric Vehicles from R&D to Early Adoption, tracks key indicators to assess opportunities and obstacles for California in the EV sector.

Among the findings:

  • In 2010, California accounted for 80% ($840 million) of total US and 60% of total global venture capital investment in EV-related sectors.
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EUFlags

The European Union has implemented 30 of the 40 Innovation Union commitments according to State of the Innovation Union, a comprehensive progress report on the Innovation Union, the European Union's (EU) flagship initiative under the Europe 2020 growth strategy for the decade. By the end of 2011, the European Commission will have passed all six Innovation Union legislative proposals. The report highlights several of the new initiatives including the first Innovation Partnership in Active and Healthy Aging; the European Institute of Innovation and Technology; and the Smart Specialization Platform. However, the EU still has more to achieve including strengthening efforts at a national level to prioritize investments in research

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Steve Jobs

Businesspeople and consumers alike look up to Steve Jobs as perhaps the greatest CEO of his generation. He undoubtedly made a profound impact on this world.

But business executives shouldn't read his biography. You can't be like him, and you shouldn't be like him. And when you read it, you won't be able to resist trying.

You can't be like him because he was a genius.

Many of the business lessons in Walter Isaacson's biography of Jobs can't be applied anywhere else. Jobs had a management style unique to himself, and it was deeply connected to his company and industry at the time. What he did at Apple only worked because of his own inexplicable, and extraordinary, abilities.

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Newport

The City of Newport Beach in January, 2011 offered their local businesses the chance to participate in a 100 day transformational program- for Free. Over 250 attended the initial workshop and many of them signed up for the 13-week program which recently concluded. On Tuesday night, April 26, 2011, in city council chambers, the students were all honored. Over the course of four live classes and six teleseminars, businesses of every sort learned to understand their “competitive edge”, how to articulate themselves and honed their “elevator pitches” in clear, concise ways.

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UA

The University of Arizona is starting a new technology transfer center, aimed at making it easier to bring UA-designed products to market.

Tech Launch Arizona (TLA) is envisioned as a clearinghouse for technology commercialization, to facilitate the entry of UA research into the market.

"We wanted to do a reorganization, which I think will make us considerably more efficient in this area," said Eugene Sander, interim president of the UA.

The plan is for Tech Launch Arizona to bring together the academic and private sectors to enhance economic development in the region.

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PublicMedia

There aren’t many entrepreneurs in public media, but Jake Shapiro is one to watch.

His Cambrigdge-based non-profit, PRX, announced its Public Media Accelerator this week, a project which will provide funding and expertise to teams with innovative ideas for increasing the impact of public service media. The program is supported by a $2.5 million grants from the John S. and James L. Knight Foundation.

Modeled on startup incubators from TechStars to Y Combi to RockHealth, the idea is to stimulate innovation and disruption in a space known for a remarkable lack of it.  The project will invest in both nonprofit and for-profit ventures building apps, services and media products.

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Mt Rushmore

4 people who would be on the Mount Rushmore of med tech. In American history, four figures have emerged to have their visages forever etched on the mountains of South Dakota. The Mount Rushmore National Memorial is not only a homage to four stalwart presidents. It is also a testament to American ingenuity. Now imagine a Mount Rushmore Medical Device Memorial. Which Americans could replace the iconic figures of Washington, Jefferson, Lincoln and Teddy Roosevelt, and provide inspiration for generations to come? (Check out the readers’ take on the list in this follow-up story.)

Top 20 U.S. technology transfer programs by 2010 license income. 2010 was a bit of a bounce-back year for U.S. technology transfer programs, as licensing income inched up 3 percent to $2.4 billion, compared with the prior year.

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ERA Portal

Innovation Union, a flagship initiative under the Europe 2020 strategy, is an integrated innovation strategy built around 34 specific commitments. Based on a broad concept of innovation, encompassing the private, public and third sectors, it aims at ensuring that innovative ideas are translated into new goods and services that create growth and jobs.

This report focuses on key policy actions of 2011. A short overview on the state of play of all 34 commitments of the Innovation Union is provided in the annex, while details can be consulted through the Innovation Union Information and Intelligence System (I3S) accessible at http://i3s.ec.europa.eu/home.html.

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Samurai

If you expect to innovate in 2012, you will need to be more like a Samurai and less like a Slacker. Towards that end, here are the seven classic virtues of a Samurai. Food for thought... and action!

1. Rectitude

2. Courage

3. Benevolence

4. Respect

5. Honesty

6. Honor

7. Loyalty

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Jet

Mid-level or even top executives who “grew up” in large companies often look with envy at startups, and dream of how easy it must be running a small organization, where you can see the whole picture and it appears you have total control. In reality, very few executives or professional stars from large corporations thrive in the early-stage startup environment.

The job of a big-company executive is very different from the job of a small-company executive. The culture is different, the skills required are different, and the experience from one may be the exact opposite of what you need for the other. I agree with the seven survival issues summarized by Michael Fertik, in an old Harvard Business Review article, for executives making the transition:

Empire-building skills are counter-productive. Establishing and wielding influence may help you move resources in your direction in a large business. Similarly, acquiring a larger footprint of direct reports is often a sign of success at large businesses. These instincts kill you in a small company, where requiring more resources is a negative.

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NewImage

Professional inspiration can come from anywhere, even the unlikeliest of places. This month, I was inspired by a rapper imparting business advice to startups.

Hip-hop historian, music technologist and founder of hip-hop band Stetsasonic, Glenn K. Bolton — also known as Daddy-O — recently spoke about the parallels between budding hip-hop artists and startups during his presentation at Geekend 2011, a techie conference presented by BFG Communications.

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Tickets

Sales Ninja, Linux Geek, Marketing Rockstar. These are all real job titles being used in the business world today, and according to data from online business card printer Moo.com, these creative titles are on the rise.

You’ve probably seen some of these tongue-in-cheek titles at digital conferences or among savvy startup entrepreneurs. But is an imaginative title like Word Herder or Copy Cruncher a fit for you?

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SaraGranger

It’s no secret that San Francisco and Silicon Valley’s tech demographics skew heavily on the side of men. Rather than continue quietly observing this cultural inequity, over the past few years, more voices have brought attention to the issue. Through increased publicity, thanks to speeches by leaders like Sheryl Sandberg and articles like this month’s feature in San Francisco magazine, the conversation around women entrepreneurs is beginning to change. Still, some of the discussion is going in the wrong direction – focusing only at those at the very top and at the biggest companies – founders, board members, CxO’s. When you look much closer, there are numerous women making waves as entrepreneurs, executives and investors. It’s just that they seem to be ignored because they’re not at Apple or Zynga.

Silicon Valley has its own version of celebrity culture, and the dazzling stars are not just attractive, but they’re brilliant, creative and usually nouveau riche. As with celebrity culture everywhere, the mainstream media often focuses solely on big names, big companies and big dollar signs. And the issue of women tends to be misunderstood. One way of learning the real story is to listen to the women entrepreneurs themselves, and that’s just what we did Thursday at Cisco headquarters in San Jose at the TEDx Bay Area Global Women Entrepreneurs conference. Eighteen speakers (15 women, 3 men) gave eighteen minute talks, sharing their statistics and stories.

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Turkey

According to a recent survey on entrepreneurship by Amway Europe, the Turks and Swiss top the list for entrepreneurial spirit in Europe. The research indicates that in both countries 50 percent of the population has a positive attitude toward establishing their own businesses. Another encouraging finding came from the Global Entrepreneurship Index 2010, which places Turkey, with 8.6 percent, in 28th place, ahead of countries such as the US and Germany; the figure indicates the ratio of people out of one hundred adults who have set up businesses.

And according to the report “Entrepreneurship in Turkey 2010,” the rate of institutional entrepreneurs among the 18-64 age group has more than doubled: The rate, which was 4.8 percent in 2008, increased to 10.7 in 2010. Turkey takes ninth place, its rate of entrepreneurs setting up business for the first time being 5.1 percent, among the 24 countries surveyed. The author of the report, Esra Karadeniz, assistant professor at Yeditepe University, said at the Second Global Entrepreneurship summit in İstanbul on Dec. 4 that the figures indicate that the number of entrepreneurs in Turkey has risen and that the enterprises have gained a lasting character in the economy.

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Movie

The Los Angeles tech scene has buzz, glitzy backers and even a catchy nickname: Silicon Beach.

Tech boosters are stumping for a Silicon Valley contender down south, and conference halls and bars are brimming with entrepreneurs looking to join a growing community that includes a huge new Google campus in Venice and a wave of Internet start-ups.

"We've been investing in this area since 1999, and we've never seen a level of activity higher than it is today," said venture capitalist Nate Redmond of Rustic Canyon Partners in Santa Monica. "Anecdotally, almost all things tech are doing well."

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NewImage

Many young kids want to be inventors. When most of them grow up, however, they either grow out of it or resign themselves to the excuse that it is the work of only dreamers and the lucky, while forging ahead into 9 to 5 desk jobs. When we were younger, we had playful, creative lessons in school on famous inventors like Thomas Edison, Albert Einstein, Leonardo da Vinci, and Walt Disney.

Those larger-than-life creators evolved into modern-day innovators whose products and online services we now cultishly obsess over. Bill Gates, Mark Zuckerberg, Sergey Brin, and Jimmy Wales are the great minds of today, changing the world with their creative ideas.

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NewImage

While we realize you were not able to join us at the recent forum Small Business and Entrepreneurship during an Economic Recovery, we did want to reach out to you to let you know that we have now posted materials (video clips, transcripts, and speaker presentations) from the event to the Federal Reserve Board’s website, viewable by clicking here.

This forum brought together experts from a range of disciplines to share their perspectives on small business issues, including ideas around the financing and technical needs of small businesses and entrepreneurs, and the important role these firms are playing in creating jobs during the current economic environment. It was also organized to address some of the unique issues and challenges faced by women- and minority-owned firms as a way to identify research, policy, and practice recommendations to better support these groups.

Our work is not done on these issues and we appreciate any feedback that you might have. Along with the Kauffman Foundation, the Federal Reserve System will continue to build upon this work and we hope that you will keep us informed about your efforts to provide support to the small business community.

creativity

There's a great post at What Makes Them Click that explains research detailing the 4 types of creativity. Above is a matrix showing how they relate and descriptions are below:

"Thomas Edison"

...In order for deliberate, cognitive creativity to occur, you need to already have a body of knowledge about one or more particular topics. When you are being deliberatively and cognitively creative you are putting together existing information in new and novel ways.

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