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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.

NASA GLENN WINS FEDERAL LABORATORY CONSORTIUM TECHNOLOGY TRANSFER EXCELLENCE AWARD

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: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/10/01/BU3J19VNA7.DTL&type=business#ixzz0SnXZqsTQ

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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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BRUSSELS (Dow Jones)--The European Commission Thursday blocked a German law that would see venture capital firms receive tax breaks, but allowed private investors to benefit from similar tax support.

The commission found that the proposed changes in Germany's risk capital tax law, which would allow ...

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I am quite often asked, in some form or another, “What can [STATE][LOCAL] government do to spur on an innovation-based economy in [SEATTLE][WASHINGTON]?”

Well, as I said on a panel at the Technology Alliance meeting in Leavenworth yesterday, the single biggest correlate to the strength of an innovative biotechnology industry in any geography is the quality of the major research institutions. The two heavyweight biotech hubs are Boston and the San Francisco Bay Area. No surprise there:

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Give venture capitalists credit – in the face of some ugly liquidity numbers, they’re finding reasons to be optimistic.

The value of acquisitions of venture-backed companies in the third quarter dropped to $2.3 billion, down from $2.8 billion the previous quarter and from $5.2 billion in the third quarter of 2008, according to VentureSource, a research unit of VentureWire publisher Dow Jones & Co. (Those numbers don’t include the Amazon.com Inc. acquisition of Zappos.com Inc. for more than $800 million, which was announced in the third quarter and which VentureSource confirmed Wednesday has not yet officially closed.)

But the picture isn’t entirely without hope – at least not on the IPO side. Though there have only been five venture-backed companies to go public this year and only two in the third quarter, the overall strength of those offerings is making venture capitalists optimistic about the exit potential for their portfolios.

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The Kauffman Foundation has awarded a grant to the University of Miami to help sustain and grow The Launch Pad, a unique career center program that helps students explore and launch new firms while they are still in school.

As the first college entrepreneurship program in the country that is part of a university's career center, The Launch Pad has had phenomenal success in spawning new ventures in its first year. The Launch Pad provides practical skills training and mentoring that is not tied to any academic program - making it accessible to students from any discipline who want to pursue a "career" as an entrepreneur.

For more information about the grant and The Launch Pad, visit http://www.kauffman.org/newsroom/kauffman-foundation-grant-to-grow-and-expand-university-of-miamis-breakthrough-entrepreneurship-career-model.aspx

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