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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.

WBAA, EBAN and FNABA congratulate Portugal for the new Business Angels’ Co-Investment Fund.

Brussels, September 1st, 2009

Worldwide Business Angels have increasingly been syndicating and co-investing with public and private funds. This new initiative will represent a global investment of 25 million euros in 60 new start ups.

The new Business Angels (BA) Co-Investment Fund that was announced yesterday by the Portuguese government, brings Portugal to a new era of innovation, risk taking, enabling the development of several early stage projects.

“Portugal is showing how important the Business Angels community is for the development of innovation and a new generation of entrepreneurial companies. Portugal is definitely in the forefront of the World BA community, as they were when hosting the formative first meeting of the World Business Angels Association. Congratulations to Portugal and FNABA for this exciting achievement!”, mentioned John May, President of the World Business Angels Association and Chair Emeritus of the Angel Capital Association (US).

Read the Full Release HERE.

SAN FRANCISCO (Reuters) - Initial public offerings will rebound only in 2010, despite a pick-up in activity that some investors say signal a resurgence, the National Venture Capital Association said on Thursday.

For those encouraged by such signs as the $340.4 million raised by battery maker A123 Systems Inc in its recent IPO, the trade association's message in its quarterly report is that total IPOs "fell far short of historical norms."

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(Nanowerk News) The EU must do more to develop and deploy key enabling technologies (KETs) such as nanotechnology, micro- and nano-electronics, advanced materials and photonics. This is the main message from a new Commission communication on the subject.

The term KETs refers to technologies that enable the development of new goods and services in a wide range of fields. For example, nanotechnology holds the promise of breakthroughs in healthcare, energy, environment and manufacturing, while micro- and nano-electronics are expected to lead to smart control systems that could revolutionise the energy, transport and space sectors, among others. And advanced materials could lead to major improvements in aerospace, transport, building and healthcare. Currently, the potential of these exciting new technologies remains largely untapped.

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A proposal that would exempt the venture capital industry from strict regulations including requiring firms to register as investment advisers with the Securities and Exchange Commission drew cheers Thursday from the National Venture Capital Association, which has been fighting increased regulation.

The proposed exemption language was part of a draft of the Private Fund Investment Advisers Registration Act and was announced by Representative Paul Kanjorski (D-Pa.), chairman of the House Financial Services Capital Markets Subcommittee.

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CLEVELAND -- A metallic foam developed at NASA's Glenn Research Center for the reduction of turbofan engine noise was selected the winner of the 2009 Federal Laboratory Consortium (FLC) Midwest Region Award for Excellence in Technology Transfer. The award was presented at the 2009 FLC Midwest Regional Meeting in Bloomington, Ind.

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The announcement of a new National Science Foundation grant to the University of Wisconsin to further develop a game-based science and math learning program, along with an associated assessment system, caught my eye. It’s the exact type of promising technology-enabled assessment system that I wrote about in “Beyond the Bubble.” It’s also a good opportunity to talk about how the various federal funding streams for assessment do not yet form a cohesive path for the development, testing, scaling, and mainstream use of innovative assessment practices.

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MUMBAI, India -- General Electric Co. is restructuring its Indian healthcare business in an effort to boost revenues and develop more products domestically, for both Indian and global markets, GE chief executive Jeffrey Immelt said Friday.

GE Healthcare will consolidate all its India business within Wipro ( WIT - news - people ) GE Healthcare, a joint venture between Indian technology giant Wipro Ltd. and GE Healthcare set up in 1990, the companies said. The joint venture currently distributes about 85 percent of GE Healthcare's products in India.

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At an unconference, where many simultaneous sessions compete to lure attendees at the same time, coming up with an appealing title for your session is important.

Topics are determined at the beginning of the day by the attendees, and session titles are posted to a wall that attendees look at to make their decisions about how they'll spend their time. It's an agenda crossed with a bulletin board.

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Each week, The Chronicle tracks the latest investments, fundraising, mergers and initial public offerings involving Bay Area venture capitalists and startups. Here are some recent highlights.

-- Capital markets snapshot. The value of acquisitions of venture-backed companies in the third quarter slipped to $2.3 billion, down from $2.8 billion the previous quarter and barely half of the $5.2 billion recorded in the third quarter a year ago. But a perceived opening of the IPO markets is causing some optimism. There were two venture-backed IPOs in the quarter, A123 Systems Inc. and LogMeIn Inc., one fewer than the last quarter. But the two third-quarter IPOs raised a total $460.4 million, up from $232.1 million in the prior quarter. Read more:

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Do you consider yourself a small-business owner? Or does that phrase make you cringe? Often, the terms entrepreneur and small-business owner are used interchangeably — but that’s not quite right either. Clearly, not all entrepreneurs are small-business owners and not all small-business owners are entrepreneurs. Still, there has to be some way to distinguish big businesses from, uh … not big businesses.

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The Minister was speaking at a BDO Stoy Hayward business breakfast today in Belfast, as she welcomed the launch of the company’s booklet ‘The Future Of Business Looks Like This’. Published in conjunction with the News Letter, it features a range of local companies and how each is successfully tackling the economic downturn.

The Minister said: “As I, and my Executive colleagues, continue to focus on providing much needed support for business during the economic downturn, I am always encouraged to learn about those companies that are facing the recession head-on, and winning.


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Despite the economic gloom and doom, the honorees on this year's 30 Under 30 list are building wildly successful ventures with the help of their peers, parents, professors, and patrons. Why enlisting these loyal tribes of support has become so important in the start-up world -- and how the smartest companies foster that same loyalty among their customers.

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