Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Below, we take a look at a handful of relevant stories compiled from the last week.
New Statewide Matching Grant Program Begins
Wisconsin State Journal
A new state funding program for high-tech entrepreneurs opened Aug. 1, with $1 million in matching funds available. SBIR Advance will funnel matching funds to eligible companies getting federal Small Business Innovation Research or Small Business Technology Transfer grants.
Don’t Blame Age For Declining U.S. Entrepreneurship
Last week, economists Ian Hathaway and Robert Litan at the Brookings Institution highlighted a related trend: American companies are getting older. Hathaway and Litan call the trend “disturbing,” given that young companies account for a disproportionate share of job growth and tend to be more innovative than older ones. But over at Vox, Matt Yglesias is unconcerned. Maybe, he says, American companies are simply getting older because Americans themselves are.
What's Driving Venture Capital? Google & Other Tech Giants' Rush To Be Conglomerates
The Economic Times
Facebook, Google and other Internet titans have been busy transforming themselves into Web conglomerates, making fortunes for the venture capital industry. But is it good for everyone else?
Patent Trolls: Failure to Reform Resonates from Silicon Valley to Pennsylvania
San Jose Mercury News
In a divided government like we have seen in Washington since 2011, it is obviously difficult to get things done. Both parties represent constituencies with deeply different ideologies. Admittedly, divided government offers us too few opportunities to work together to find consensus on problems. That is why it is so disappointing that the Senate was not able to complete work this year on patent litigation reform to crack down on patent trolls that stifle innovation in every industry throughout our economy.
The Hidden Value In Early Stage Venture Funds
Structural shifts in the venture capital market have squeezed early stage venture capital funds over the last five years: the number of early stage funds raised and their capital share have been cut in half. But, early stage VCs have hidden assets, and they are deploying strategies to capture more of the value they create. And as the early stage segment contracts and the later stage expands, there will be more money chasing the best emerging companies, shifting the terms of trade in favor of the first investors.
Intellectual Property: Valuable to Every Discipline
The Chronicle of Higher Education
Intellectual property—patents, copyright, trademarks, trade secrets—plays a vital role in economic growth and prosperity. Yet outside of law schools, most American colleges provide little or no opportunity for students to receive any substantive instruction in it. As a result, students often graduate under the misimpression, no doubt shared by many of their professors, that IP is a topic of interest and relevance only to lawyers, with little connection to their own careers. That couldn’t be more incorrect.
This Week in Entrepreneurship Policy
Young Entrepreneurs Rebranding Africa