A small study from Stanford University and the University of California Hastings College of the Law has found patent licensing has little impact on innovation.
The study, based on 188 responses, by co-authors Robin Feldman from the University of California Hastings College of the Law and Mark Lemley from Stanford Law School surveyed 11 industries for whether patent licensing leads to what they called "markers of innovation". These markers are formation of joint ventures, new products or new product features added with the technology they licensed, or whether the patent holder transferred any knowhow or anything else related to the patent license as a result of asserting that patent.
How many of you feeling tired through all the way of traditional startup with venture capital (VC) model? In order to reach a successful business, normally you have to follow this path: one you have the skills, you start pitching your ideas, and you spend a lot of time fundraising. Pitching here and there, going to another VC to another VC, and end up with no or low probability of handshaking. If you really fed up of those cycles, why not consider the venture builder (VB) model?
During its meeting on June 18, 2015, held in Washington D.C., the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation approved $8 million in funding for ten new projects between U.S. and Israeli companies. In addition to the grants from BIRD, the projects will access private sector funding, boosting the total value of all projects to approximately $19 million.
The BIRD Foundation promotes collaboration between U.S. and Israeli companies in various technological fields for the purpose of joint product development. In addition to providing conditional grants of up to $1 million for approved projects, the Foundation assists by working with companies to identify potential strategic partners and facilitate introductions.
OCAST recently awarded $6,178,695 million for 41 research and development projects ranging from the development of nano-scaled lithium-ion batteries to innovative mineral recovery techniques to next generation antibiotics. “The quality of the proposals, and the innovation behind them, was truly outstanding this year,” stated Dan Luton, director of programs for OCAST.
Wilbur and Orville Wright’s airplane flew for the first time in December 1903. It was one of the most important innovations of human history, changing the world in every imaginable way.
To celebrate their accomplishment, the press offered a yawn and a shoulder shrug.
Just because more men pursue careers in science and engineering does not mean they are actually better at math than women are. The difference is that men think they are much better at math than they really are. Women, on the other hand, tend to accurately estimate their arithmetic prowess, says Shane Bench of Washington State University in the U.S., leader of a study in Springer’s journal Sex Roles.
It’s no secret: innovation is difficult for well-established companies. By and large, they are better executors than innovators, and most succeed less through game-changing creativity than by optimizing their existing businesses.
Millennials now make up a larger part of the population than boomers, according to the latest Census Bureau data.
People who were born between 1982 and 2000, classified as millennials, now make up more than one quarter of the population, at 83.1 million. This is compared with the 75.4 million baby boomers, generally defined as being born between 1946 and 1964.
On Monday, First Round Capital published a letter it sent to its limited partners about the state of startup investing. It was uncovered by Fortune's Dan Primack.
According to New York's top startup investing firm, things are looking a bit unstable in the private markets. Specifically, First Round Capital notes that every nine days last year, a new startup received a $1 billion+ valuation, and that some of these so-called "unicorn" companies will be exposed as frauds.
Image: Flickr via Loiclemeur
The fastest accelerating car in the world is the Porsche 918 Spyder, which can go 0-60 mph in 2.2 seconds. An extremely bold San Francisco startup thinks it can beat that ... with 3D printing.
Divergent Microfactories' 3D-printed supercar, the Blade, uses 3D-printed aluminum joints connected to carbon-fiber tubes to create the frame for the chassis. The company claims a 0-60 mph time of "around" 2 seconds and a weight of 1,400 pounds.
Image: DIVERGENT MICROFACTORIES
TORONTO, ONTARIO -- (Marketwired) -- 06/29/15 -- The National Angel Capital Organization released its annual Angel activity report. The report, which is based on a survey of 30 Angel groups across Canada, reveals that these groups made 237 investments in 181 companies, amounting to $90.5 million, with an additional $110.4 million of funding leveraged into the investments.
"We're deeply encouraged by the results of this year's report, which shows that the increasing connectivity of our member Angels is helping to provide Canadian companies with the capital they need to continue growing locally." Yuri Navarro, NACO Executive Director.
There’s a longstanding debate about whether private equity investors create value for the firms they buy. The evidence shows that PE-backed firms generate strong returns for investors, but they’re often accused of 1) focusing too sharply on short-term results (hurting firms in the long run), 2) loading target companies with too much debt (increasing their risk of going bust), and 3) caring more about cost-cutting (eliminating jobs) than revenue growth. Maybe you remember how savagely the industry was portrayed during the 2012 U.S. election? Suffice it to say that a 2016 Mitt Romney campaign isn’t being championed on Wall Street.
The recent 12th Annual State of the Research Triangle Region event highlighted the innovation economy in North Carolina and particularly the Research Triangle area as a “smart region.” Particular illustrations included:
Nearly half of the region’s adults are college-educated, well above the national average of 38%. Scores of smart people already call the region home, but it is continuing to attract smart people, with 34,000 people a year moving in.
“Wharton Entrepreneurship is important both across Penn and Wharton. I think it’s important to the world. We are in the business of helping students launch businesses. And the potential there for taking very smart, talented Wharton and Penn students and having them found companies is that they end up creating employment and economic development and growth across the country, perhaps across the world.”
Ever wanted to get the story behind Eli Whitney's cotton gin and how it laid the ground work for the economic development of Apple’s iPhone?
Just in time for the Fourth of July, the Smithsonian's National Museum of American History in Washington, D.C. Wednesday opened its new "American Enterprise" exhibit, giving visitors a closer look at American innovation and business from the mid-1700s to the present.
How much do you hate your commute to work?
Some denizens of the Bay Area were so tired of traveling back and forth to their tech jobs in Mountain View that they were willing to shell out $46 a night to sleep in a tent in someone’s backyard in close proximity to the Google campus. That works out to just under $900 per month—which in some cities is what it costs to rent a decent one-bedroom apartment.
We’d all love our brains to process information faster and have better memory recall. While you might think doing crossword puzzles, math puzzles like Sudoku, or brain-training apps will keep your brain in top shape, Dr. Jennifer Jones, a psychologist and expert in the science of success, says there’s no real proof that these can improve your mental acuity. She offers some daily practices that can truly grow your brain:
Shortly after Lars Rasmussen joined Facebook from Google in December 2010, coworkers, former coworkers, and acquaintances all bombarded him with the same question: What was the difference between working at the two companies?
This was two years after the mass migration of Google employees to Facebook, but engineers still probed him for advice about where they should ultimately decide to work.
Image: Lars Rasmussen
I’ve been reflecting on what it was like each time I started a new venture. We were brimming with excitement, passion and energy. We knew what we were creating was going to disrupt the media industry and make it better, faster, smarter. But maintaining that high has been difficult.
According to one survey, the average amount of time that some employees spend on personal activities at work is somewhere between 1.5 and three hours a day. With that in mind, it’s no wonder that employers are more concerned than ever about productivity statistics. Nowadays, with technology that allow employers quantify output more closely, it’s no longer the status quo just to show up to work. Managers want employees who are engaged.