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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.

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As personal computer sales continue to shrink, chip giant Intel has set its sights on remaking data centers, powering laptops that convert into tablets and expanding its beachhead in the mobile device market.

That’s the message Intel Chief Executive Brian Krzanich delivered at the Intel Capital Global Summit late last month in San Diego.

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GE and design may not seem to go together, but as it connects its industrial products, medical devices and home appliances to the internet and rethinks its business for the connected age, the company is focusing on user interfaces and data. Onstage at the Roadmap 2013 conference in San Francisco, Beth Comstock, SVP and CMO at GE explained how the company is designing processes and interfaces that optimize the skills that machines and people each bring to a job.

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In the past few years, pharmaceutical distributor Cardinal Health (NYSE:CAH) has acquired a major distributor and half a dozen pharmaceutical companies in China. It also acquired AssuraMed to enter the home-health supply market, and invested in startups including HealthSpot, which makes a telemedicine kiosk, and Intralign, which helps providers optimize the cost and quality of surgical care.

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Big data may be about to overwhelm the healthcare system. A little healthcare business intelligence tip: Data by itself won’t drive value and outcomes. Smart healthcare analytics will. In Deloitte’s DBrief, “Big Data Revolution: Unlocking Healthcare Analytics,” healthcare industry experts talked about the opportunities and barriers for industries across the care continuum to harness data, contextualize it and use it to move from hindsight to insight (and eventually, with the help of predictive analytics, foresight).

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GSK has announced plans to recruit 140 new apprentices in the UK over the next two years, following a government drive to boost the amount of young people entering engineering. The UK-based pharmaceuticals company says that this increases its annual intake of apprentices by 27% – around a third of which will be engineers.

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Johns Hopkins

The Johns Hopkins University Applied Physics Laboratory (APL) will hold its second annual Parent STEMpowerment Workshop on Nov. 17, in the Kossiakoff Center on its Laurel, Md. campus. The free workshop, from 2 p.m. to 5 p.m., is designed to help parents of elementary and middle school students prepare their children to explore careers in science, technology, engineering and math (STEM).

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The Small Business Administration plans to update its data rights policies under the Small Business Innovation Research program in late 2013 or early 2014, the Government Accountability Office says.

Federal agencies whose extramural research budgets exceed $100 million have to operate a SBIR program, where they offer grants to small businesses to commercialize innovative technology. By law, those businesses retain the rights to the data they generate in the performance of a SBIR award for at least four years.

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The 5th Annual Saudi International Technology Incubation Conference opened by Economy and Planning Minister Muhammed Al-Jasser in Riyadh on Tuesday, is focusing on the need to develop a knowledge-based economy.

Speaking on the importance of transforming the Saudi economy to a knowledge-based economy driven by creativity, innovation and entrepreneurship, Al-Jasser said such a development would bring an economic renaissance in the Kingdom.

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The 5th Annual Saudi International Technology Incubation Conference opened by Economy and Planning Minister Muhammed Al-Jasser in Riyadh on Tuesday, is focusing on the need to develop a knowledge-based economy. Speaking on the importance of transforming the Saudi economy to a knowledge-based economy driven by creativity, innovation and entrepreneurship, Al-Jasser said such a development would bring an economic renaissance in the Kingdom.

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There would be few organisations that did not cite innovation as a desirable quality in their workforce, whether as part of the whole organisational culture, or critical in one area. Over the past five years, with businesses being buffeted by economic storms, finding sources of innovation can be the difference between success and failure.

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Any small business or startup CEO will attest that it is nearly impossible to take a vacation. The combination of endless work to be done, constant race against the clock in managing cash flows, push to acquire customers and downright passion for your business makes the thought of stepping away almost laughable. Nevertheless, stepping away can be important and a vacation is sometimes vital either for your own personal well being or for your family’s.

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Accomplishing sustainable, breakthrough innovations within multinational corporations is attainable using “open innovation” and “innovation hubs,” according to Larry Huston, managing director and founder, 4iNNO, and former vice president of innovation, Procter & Gamble, and Tim Munoz, managing director, 4iNNO.

Open innovation, with roots in Procter & Gamble’s well-known “Connect + Develop” strategy, blends a ‘firm’s internal assets with the seemingly limitless knowledge pool outside of the ‘firm. “Open innovation is about combining your assets with the assets of the world . Put them together so that you can drive superior shareholder value for the company and satisfaction for the customer,” Huston said. One important capability for driving open innovation is the establishment of an innovation hub, which Munoz described in detail for attendees at the Mack Institute for Innovation Management at the Wharton School at the University of Pennsylvania.

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Celebrities are often proud to brag about their hometowns.

Whether it's commemorating their birthplace in song like Bruce Springsteen's "Born to Run" ode to New Jersey and Jay Z's "Empire State of Mind" or giving back in times of need like Carrie Underwood's hefty donation to Oklahoma after a tornado devastated the area in May.

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What do Google’s Sergey Brin, eBay’s Pierre Omidyar, and Tesla Motors’s Elon Musk all have in common? Each of these serial entrepreneurs who founded companies that have market caps in the tens or hundreds of billions--employing tens of thousands of workers--were born outside the U.S. From Yahoo to Facebook and LinkedIn, each of these innovative companies that have played such a large role in the U.S. economy had at least one founder that was born abroad and then emigrated to the United States.

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A new source of capital is available for startups that were formed based on the licensing of University of South Florida (USF) technologies.

Companies affiliated with the Tampa Bay Technology Incubator (TBTI) at USF Connect can apply for up to $50,000 in funding to help take their products or services to the next level.

The goal is to assist these companies with reaching their goals within a year or less. The money is designed to help them overcome obstacles that may be keeping them from taking the next step -- whether it be taking a product to market, developing a prototype, paying salaries or purchasing needed materials.

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You’re a builder, a creator — whether a back-end programmer, a Linux hacker, a Javascript ninja, a UX magician, a designer. You make stuff.

That’s great of course, because in a new startup everyone needs to be either making stuff or selling stuff — there’s no room for managers and executives and strategists. But this also produces a natural weakness, and when I look at what made me a successful entrepreneur — not just a great coder — it’s that I acknowledged and overcame that weakness.

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