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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.

Technology blogs TechCrunch and AllThingsD reported that the San Francisco microblogging upstart has raised at least $50 million in a new round of venture capital that values the company at $1 billion.

Twitter, which lets you share your thoughts online — but only if they can be kept to 140 characters or less — has generated a lot of buzz, but not a lot of revenue. ($1,000,000,000 — that's 14 characters right there.)

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Join the Entrepreneurs' Movement

The Public Forum Institute, together with our PDE partners at the Kauffman Foundation, invite you to join Build a Stronger America , the Entrepreneurs' Movement.

Regardless of where you live, if you are like 80 percent of Americans, you believe that the economy has been, and will continue to be, built by entrepreneurs. We believe that entrepreneurs' voices need to be heard and will work to educate government officials about the important role entrepreneurs play in our economy.

Developing Nations Need Technology Transfer To green Industries, Says Mukhriz

KUALA LUMPUR, Sept 17 (Bernama) -- Developing nations need technology transfer to "green" the industries, says Deputy Minister of International Trade and Industry Datuk Mukhriz Tun Mahathir.

While local innovations to green the industries would continue, Malaysia would like to have access to the technology available worldwide to jump start the process.

Experts Outline Challenges to Translational Research in the United States at a Capitol...

Experts Outline Challenges to Translational Research in the United States at a Capitol Hill Briefing, Emphasizing the Importance of Bringing Medical Innovation from 'Bench to Bedside'

Council for American Medical Innovation Brings Together Policy Experts for 'Translational Research: From Bench to Bedside,' the Second in a Series of Briefings About Achieving 'Recovery Through Discovery'

Quick Facts: How Successful Angels Invest

Savvy investors know they aren’t psychics and aren’t living in an ideal world. They know that many startups will fail so they use a portfolio approach to balance their risks. They invest in a number of companies rather than just one and only scope for those that have a potential payoff of at least 5 to as much as 30x their invested capital in 3 to 5 years. This way, the startups that succeed would generate a return handsome enough to not only recoup their losses but also fatten up their bank accounts.

Russia faces long road to diversify economy

MOSCOW (Reuters) - Russia must deliver on pledges to reform the tax system and encourage the creation of home-grown seed capital if it wants to make long-standing dreams of reducing its reliance on oil a reality.

Economic diversification has for years been the holy grail for a Russian economy that grew fat on the proceeds from oil, gas and metals revenues, but these goals have proved just as elusive in the financial crisis as they did in the boom years.

Nigeria: Dedicate Annual Budget to Micro Credit, Napep Tells States

Abuja — The National Poverty Eradication Programme (NAPEP) has advised state governments to dedicate a portion of their yearly budgets to the provision micro-credit for Nigerians, to ensure that substantial funds are made available to the poor in the society.

While addressing newsmen in Abuja, the Senior Special Assistant to President/National Coordinator of NAPEP, Dr. Magnus Kpakol, stressed that NAPEP is also partnering states to ensure the success of the Village Trust Fund Scheme (VTFS).

Forbes: Best Part Of Being An Entrepreneur

Entrepreneurs certainly experience extreme highs and lows at unpredictable frequencies. The highs have been numerous, and that's probably what keeps entrepreneurs as entrepreneurs once they have tried it. For example, after VEXTEC had developed a significant portion of our VLM technology core, the federal government arranged for some "blind" testing of our predictive capabilities. The large government contractors in the military world have proprietary materials that only they know the behavior of. It was arranged that VEXTEC predict a proprietary aerospace material--one that we could never have access to--and the large corporate entity who agreed to participate in this would only share information about the material after VEXTEC sent its prediction results to the government.

Secretary Vilsack comments on Innovation at NASVF Conference

OKLAHOMA CITY – America’s agricultural core is in the midst of a massive economic and environmental change, producing equally large opportunities for venture capital investment, U.S. Agriculture Secretary Tom Vilsack said Wednesday

Climate change and ever-tighter market competition will drive new technologies in areas such as soil testing, petroleum alternatives, energy transmission, water management and supply chain refinement, Vilsack said at the annual conference of the National Association of Seed and Venture Funds. About 300 people attended the event in downtown Oklahoma City this week.