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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.

Our recent features include a major report from Jonathan Sallet, Ed Paisley, and Justin Masterman on how the federal government can support innovation clusters. As well, Ruth Faden and Jonathan Moreno describe the ethical imperative for healthcare reform; Ricardo Rossello explains new possibilities for flu vaccines; and Eli Adashi argues that in spite of recent controversies over in vitro fertilization, we should not lose sight of the pioneering research that has helped millions of infertile couples.

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Hawaii: Innovation and Diversification Key to Future Growth

Hawaii has seen its tourism industry severely impacted by the economic downturn, but there have been some signs of stabilization. Pearl Imada Iboshi, state economist and economics research administrator, says signs of stabilization have shown up in the visitor count data that her department closely watches. “The slight increase in domestic passengers somewhat offsets the international, largely Japanese, market,” she says.

SBIR Agency Profile – USDA

The Small Business Innovation Research (SBIR) program at the U.S. Department of Agriculture (USDA) makes competitively awarded grants that are to qualified small businesses to support high quality, advanced concepts research related to important scientific problems and opportunities in agriculture that could lead to significant public benefit if successful.

Bendis to appear on three panels at NASVF Converence (Sept 14 through 16) in Oklahoma City

The National Association of Seed and Venture Funds conference in Oklahoma City is Sept. 14-16 at the Skirvin Hilton Hotel. This year is the 16th annual event from NASVF, a global nonprofit that promotes investments in seed and early-stage companies by supporting entrepreneurs and creating jobs from innovative capital programs. The organization connects investors, economic development organizations and tech transfer professionals all looking to create stronger economies and jobs. Presenters and attendees at the two-day event get the chance to share ideas and discuss strategies. The conference regularly draws seed and early-stage fund managers, fund-of-fund managers, state venture capital leaders, angel investment leaders, institutional investors and tech commercialization experts. For an agenda of the conference, including times for sessions and speakers, go to www.nasvf.org/confapp.php.

WSJ: It’s Official: Solyndra Is First Solar Co. Awarded Federal Loan

The Obama administration on Friday used the California site of a planned solar-panel factory to complete the first-ever loan guarantee for a renewable-energy project, a $535 million deal that will allow Solyndra Inc. to create hundreds of jobs.

The announcement, outlined by Vice President Joe Biden and Energy Secretary Steven Chu in a region battered by an auto-factory shutdown, comes as Obama administration officials are hoping to show that investments in clean energy projects can help reverse almost two years of job losses.

WSJ: The Daily Start-Up: Emily Melton Moves Up On Sand Hill Road

Moving Down The Street- Emily Melton toiled for nine years at venture firm Draper Fisher Jurvetson, investing in a bunch of Internet start-ups like Meebo Inc. and MyShape Inc. But she never reached partner status. Now, with DFJ downsizing expectations for its newest fund, Melton gets that chance at rival firm Mayfield Fund, which has seen three of its managing directors scale back their roles, VentureWire reports. Melton, 32, gives the Mayfield team a little bit of youth, writes the Bits blog. She’ll have an easy move, considering Mayfield is right down the street from DFJ on Sand Hill Road.

Middle East Entrepreneur Training Inspires Next Generation of Business Leaders

As part of this plan, the President offered several critical areas where we can build partnerships: women’s empowerment, education, technology, and health, to name a few. I want to highlight an especially important topic that I was excited to hear the President address in Cairo: The vital role that entrepreneurship plays in supporting economic development and opportunity in the Middle East and North Africa (MENA).

Obama Education Speech: Innovation, Problem Solving, and Twitter

Look past all the controversy and President Obama's education speech is an evocation of the heart of the American mythology; work hard and you can achieve. The speech is an interesting case study in entrepreneurial role models.

The main thrust of the content is about the fact that while parents, teachers, governments all have a responsibility to help in our education, how we use what we've been given is ultimately a matter of personal responsibility and initiative.

Science, Technology and Innovation play major role in EU economy

R&D expenditure in the EU27 stable at 1.85% of GDP in 2007 while researchers account for almost 1% of total employment

In 2007, the EU27 spent 229 billion euro on Research & Development 1 (R&D). R&D expenditure as a percentage of GDP equalled 1.85% in 2007, stable compared with 2006. Germany (62 bn euro), France (39 bn) and the United Kingdom (37 bn) accounted together for 60% of total R&D expenditure in the EU27 in 2007.

Gartner: Innovation marching on — McKinsey Top 10 Trends and what they mean for IT

McKinsey points out that while corporate R&D and new ventures have taken a hit in the downturn, the opportunities or “head room” remains for innovation. McKinsey recommends companies protect their R&D investments paying for innovation with operational efficiencies, cost cutting and, if necessary, consolidating R&D facilities and programs.

In describing this trend, McKinsey points out that companies benefit from countercyclical investments in innovation, as they tend to have the products, services and operations to outpace their competitors when economic conditions improve. Critics will see pointing out the need for innovation as obvious as market dynamics, the level of competition and customer choice require constant change.

INNOVATION AND CONTINUOUS LEARNING ARE INSEPARABLE

The enormous amount of change requires an almost equal speed in learning. Changes are in so many areas like new technologies, new government guidelines, global markets or social media/networking. Also it is crucial to not only check your competition and your customers, but also noncustomers (if you are interested in creating blue oceans…). Fortunately there is so much knowledge available on or via the internet.

BusinessWeek Interview: Google China's Kai-Fu Lee Debuts Innovation Works

Kai-Fu Lee became famous in 2005 when the engineering whiz left Microsoft, where he had created Microsoft Research Asia, to head search giant Google’s operation in China. Microsoft sued, charging that he violated a noncompete agreement, but eventually settled. This time, as Lee leaves Google, he’s sure to avoid a lawsuit, because he’s starting his own venture, which launches Monday morning in Beijing.