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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.

A national entrepreneurship policy by Abhijit Bhattachary

There can be no denial of the fact that extreme poverty and underdevelopment lie at the root of the growing Naxal menace engulfing a large part of rural India. The massive welfare allocations announced in the last budget for rural development may help to gradually curb the growth of discontentment, provided the funds reach the intended beneficiaries. On the other hand, in the urban front also the situation looks quite grim. The mass-scale hiring by the outsourcing industry in the IT and ITeS sectors has come to a grinding halt.

BusinessWeek: IBM Bets on Brazilian Innovation by Spencer E. Ante

Over the last few years, China and India have emerged as the twin hot spots of emerging tech innovation. Now IBM (IBM) is betting that one of the next big technology stars will be Brazil.

In the latest sign of Brazil's rising power, Big Blue is announcing on Aug. 18 a new initiative to stimulate the development of the country's technology sector. To kick off the effort, IBM is hosting its first-ever forum for venture capitalists and entrepreneurs in São Paulo along with FINEP, the Brazilian government agency that finances technology development. The daylong event will bring together more than 100 investors and dozens of new companies looking for investment and business advice.

WSJ: The New, Faster Face of Innovation by Erik Brynjolfsson and Michael Schrage

Call it innovation on steroids. Or innovation at warp speed. Or just the innovation of rapid innovation.

But the essential point remains: Technology is transforming innovation at its core, allowing companies to test new ideas at speeds—and prices—that were unimaginable even a decade ago. They can stick features on Web sites and tell within hours how customers respond. They can see results from in-store promotions, or efforts to boost process productivity, almost as quickly.

Caddell Insight Group: Innovation moving from initiatives to experiments

An interesting piece in today’s WSJ Business Insight section (”The New, Faster Face of Innovation” by Eric Brynjolffson and Michael Schrage of MIT) asserts that information technologies are reducing the cost of business experimentation and increasing the speed of rolling out new processes and approaches to the organization as a whole. As a result, more and more businesses are moving to use experimentation as a basis of their innovation programs.

Gartner: Web Innovation, Consumerization and Fast Followers by Kathy Harris

The Web is currently the most fruitful area for innovation — every day, new ideas emerge along with new uses for old ideas. The difference in innovations from the Web and those from other sources is who is driving the change. Web innovation is led by individual consumers (acting alone or in communities) and by innovative software developers (individuals, communities and vendors) who create the platforms, software and solutions for Web consumption. This is consumerization at work.

PATH to use Hilton Humanitarian Prize for $25 million innovation fund by Kristi Heim

Seattle-based PATH announced today it has won the world's largest humanitarian award, the $1.5 million Conrad N. Hilton Humanitarian Prize, for its work creating effective health technologies for the developing world.

Hilton Foundation Chief Executive Steven M. Hilton, who introduced the award during a press conference this morning, said PATH's work helping to develop 85 technologies, along with its commitment to sharing ideas and making sure products are sold at affordable prices, have had a profound impact on alleviating human suffering. More coverage of the award is here.

Accidental Innovation? It Happens at Some Companies: Deloitte Online Poll

According to a new Deloitte online poll, 31 percent of executives surveyed believe innovation happens by accident at their company. Meanwhile, only 25 percent of respondents say their companies encourage innovation as a mandate.

"Companies need to build innovation into their DNA instead of relying on chance," said Mark White, principal, Deloitte Consulting LLP and moderator of the webcast. "Bad times in the economy present opportunities for organizations to refocus on innovation as a difference maker to driving their business performance and being in the best possible position to deliver results. That is why in Silicon Valley cycles of recession are cycles of innovation. Web 2.0 and semiconductors were churned during a recession."

Darkstrand Appoints David Wilhelm to Advisory Board to Support Darkstrand's Role in National Innovation

Today Darkstrand, a pioneer in corporate high-speed connectivity bridging research and commercialization, announced the addition of David Wilhelm to Darkstrand's Board of Advisors.

Wilhelm is an American political leader and businessman. He is best known for managing campaigns for President Bill Clinton, Senator Paul Simon, Senator Joe Biden, and Chicago Mayor Richard Daley, and for his leadership as chairman of the Democratic National Committee.

Promoting Innovation | U.S. Role in the World by Joel Davis

I’d like to take a minute to turn from our usual focus on foreign policy and diplomacy to take a look at science and technology. The U.S. has a proud history of being a world leader in technological innovation. This website, for example, provides a list of U.S. Nobel Prize winners, as of 2008, and it’s impressive, to be sure.

A Step Toward Economic Recovery by James F. Cotter

A company that has a net worth of $18 million or less, and whose after-tax net income for the previous two years is not over $6 million, may be eligible for funding from an SBIC, or Small Business Investment Company. If your business does not qualify by these standards, it may still qualify as a small business by other criteria, such as employment or amount of annual sales, both of which standards vary from one industry to another.

Gartner: Innovation and Strategic Planning by Kathy Harris

I’ve spent the last few weeks on the road meeting with CIOs and IT leaders. Most of our discussions have involved strategic planning. Maybe it’s just that time of year or the current state of business, but many organizations seem to be struggling with redefining their strategy for the next 3-5 years. They tell me that strategic decisions and planning are more difficult and complex than in the past — there are numerous new and emerging issues to consider in defining, updating, planning and communicating a strategy.

KTEC Pipeline will take applications starting Aug. 17 by the Kansas City Business Journal

The KTEC Pipeline technology entrepreneur fellowship will start taking applications Aug. 17 for 2010, the program’s fourth year.

The fellowship, part of Kansas Technology Enterprise Corp., is a state-sponsored technology entrepreneur fellowship program designed to identify high-potential tech entrepreneurs; match them with best-in-class training, resources and mentors; and help them grow, the fellowship said in a Tuesday release.