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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.

Inside the FirmThe National Venture Capital Association has released Venture View 2010, its annual survey of more than 325 venture capitalists across the U.S. Among the findings: most respondents predict slightly more dollars going into more companies in 2010. But the prognosis for the entire asset class is a gradual pullback in size, over the next five years.

Among the areas most likely to enjoy increases in investment activity are clean technology, with 54 percent predicting growth. Other favored industries include Internet (46 percent), Media and Entertainment (33 percent) and Software (32 percent). No surprise – a whopping 70 percent of respondents believe there will be more venture capital investment flowing into Asia, particularly into China-based companies.
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NYTROMULUS, Mich. — As Detroit’s airport was rattled on Sunday by a second frightening incident in three days, passengers at airports in the United States and around the world encountered stiff layers of extra security, with international travelers undergoing newly required bag inspections, body searches and questioning at security checkpoints and before they boarded planes.

At the Detroit Metropolitan Wayne County Airport here, officials detained a passenger who caused a disruption aboard Northwest Airlines Flight 253 from Amsterdam, the same flight involved in a terrorism attempt on Friday, when a Nigerian man caused a fire by injecting chemicals into a device taped to his leg.
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NYTMaybe we knew, at some unconscious, instinctive level, that it would be an era best forgotten. Whatever the reason, we got through the first decade of the new millennium without ever agreeing on what to call it. The aughts? The naughties? Whatever. (Yes, I know that strictly speaking the millennium didn’t begin until 2001. Do we really care?)

But from an economic point of view, I’d suggest that we call the decade past the Big Zero. It was a decade in which nothing good happened, and none of the optimistic things we were supposed to believe turned out to be true.
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Start-up NationThe long standing struggle between Israel and the Arab Middle East is certainly well known. But did you know Israel has produced more NASDAQ-listed publicly traded companies than Europe, Korea, Japan, Singapore, China, and India combined? Moreover, Israel has more engineers and scientists per capita than any other country?

Start Up Nation: The Story of Israel’s Economic Miracle is a nonfiction look at the reasons behind these facts and more. It examines Israel’s technological and venture capital industries through the prism of its economic, political, and social culture, as well as through events such as the airlift of Ethiopian Jews in Operation Moses.

Start Up Nation makes for an interesting read, particularly for business owners who draw metaphors from the example of business leaders. In this case, however, the leader is a nation with no natural resources and a short history marked with shorter yet intense periods of war.
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ReadWriteWebAccording to recently released research from the Pew Center, we're just as optimistic about the web as we were ten years ago during the Internet's first boom cycle.

At the end of 2009, most Americans in this Pew survey have a dismal view of the 2000s. Between the Iraq war, the 9/11 attacks, economic and political distress and the curse of reality television, the decade has been voted the worst in our collective memory. But one of few bright spots in a tense ten-year period was and remains technological innovation, including the Internet, cell phones and email. Social sites, however, still have a way to go in the public eye.
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We look for the same in our partners and professional associates. Below you will find useful documents for download and links for small business assistance.
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WSJThis morning’s roundup of the latest venture capital news and analysis across the Web:

Corporate Acquirers Hitting The Post-Holiday Sales - While tech and social networking IPOs are at the top of bankers’ wish lists for 2010, VentureWire reports the exit climate is also favorable for health-care VCs, as corporate acquirers seek to strike deals while valuations are still favorable. “They’re going to go on a shopping spree,” said Claremont Creek Ventures Managing Director John Steuart. However, the year may also bring about fire sales of companies which limped through 2009.

Venture Dollars May Be Found In Translation - Outside of Israel, venture capital and tech growth has been all but non-existent in the Middle East and much of the Arab world. The Los Angeles Times posits that the September purchase of by Yahoo has paved the way for other start-ups - search engine Yamli, for instance - to start drawing in investors. However, the region’s start-ups face a host of unique obstacles, including “censorship, corruption and weak infrastructure.”
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Register GuardIncome stemming from research hits $7.1 million despite the economic downturn

An economy deep in recession didn’t prevent the University of Oregon from racking up another gain in technology transfer revenue this year.

For the 14th year in a row, the UO saw an uptick in what it earns from licensing inventions and services stemming from faculty research. Income for 2008-09 was $7.1 million, up from $6.8 million the year before.

The increase comes despite a bad economy and reduced state support for universities. Very little state revenue goes to support research, and what there is goes to a limited number of targeted programs.
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Stephen LevyIn 2000, California's unemployment rate was 4.9 percent. Venture capital funding hit $41 billion. Jobs and income were rising after a five-year spurt during which California outpaced the nation in virtually every major economic measure.

In 2009, the state's unemployment rate will average 11.7 percent. The state has lost more than 1 million jobs in the latest recession. Venture capital funding plummeted in the first half of 2009. The state and nation have seen losses in the value of homes and retirement savings. Fear and caution abounds in the land. Both the state and nation will end the decade with fewer jobs than existed 10 years ago.
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Laurence KnightBrand experience is rapidly becoming the new frontier for innovation.

Such brand experiences authentically embed the product into deep content or services, stretching the footprint of the brand far beyond where it is used. This type of innovation is becoming a mandate for growth across a number of consumer categories, particularly in package goods.
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NYTIMAGINE a planetarium-style presentation about the future of technology, followed by a tour of dozens of hands-on exhibits — whether of sandlike microparticles that flow like liquid in a beaker, pictures that appear three-dimensional or concrete that floats.

Is it the latest science museum, or a new Disney attraction? No, it’s the “World of Innovation” showroom, a cornerstone of the 3M Company’s customer innovation center at its headquarters in St. Paul.
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The HinduThe first of the six common myths about venture capitalists is that VC will take over the business, says Pankaj Sahai in ‘Smooth Ride to Venture Capital: How to get VC funding for your business’ (

Running your business is not the VC’s job, Sahai clarifies. “The VC’s business is money management. They are financial managers interested in making a good return on their investment. VCs invest in about 5 to 10 companies per VC fund and are interested in ensuring that the businesses in which they invest, mature over time and provide them with a substantial return.”
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