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Innovation


  • Submitted on 10 February 2017

    InventorsSaturday, Feb. 11 is National Inventor's Day according to www.nationalcalendarday.org - what better time to research what you need to get that brilliant idea patented and business started - here's how to get started:

    Step 1: Determine the type of Intellectual Property protection that you need - To protect your invention, you may need a patent, trademark, copyright, marketing plan, trade secrets, or some combination of these. 

  • Submitted on 17 January 2017

    Among our Nation’s fastest growing cities, Atlanta has features that position it as a hub of the burgeoning inclusive innovation ecosystem in the United States. Chief among these features are several renowned institutions of higher learning, including Historically Black Colleges and Universities such as Clark-Atlanta University, Spelman College, and Morehouse College.

    A long-time center of Federal research in medical and science via the Centers for Disease Controls and Prevention, Atlanta is also is home to headquarters of top multi-national corporations including Coca-Cola, and Delta among others.

    Now, thanks to a new public-private collaboration, these institutions will be joined by the Russell Center for Innovation and Entrepreneurship (RCIE).

  • Submitted on 12 January 2017

    The U.S. Small Business Administration announced the launch of the 2017 InnovateHER: Innovating for Women Business Challenge, a nationwide business competition to drive attention and resources to innovative products and services that make our lives easier and longer. Competitors vie for $70,000 in prize money provided to SBA for the InnovateHER competition through a gift from the Sara Blakely Foundation.

  • Submitted on 23 November 2016

    For the first time, the Census Bureau has collected information about ownership of intellectual property in its 2012 Survey of Business Owners (SBO). We now have data to verify what we’ve known for some time—minority business owners are innovative and forward thinking. Based on 2012 SBO results, minority-owned firms equal the rate of patent ownership of nonminority firms. For both groups, one half of one percent of businesses own one or more patents.

    When you look closer at both groups (minority and nonminority firms), it appears that a huge disparity exists. Average earnings for minority-owned firms that own patents are $2.1 million per year, compared to $8.1 million for their non-minority counterparts.

  • Submitted on 17 November 2016

    Any armchair economist will tell you that entrepreneurship is central to a healthy economy. What they probably won’t tell you is that the rate of entrepreneurship in the United States has significantly declined over the last several decades. Data from the U.S. Census Bureau shows that in the late 1970s, at least 15 percent of American businesses were startups. Despite the popularity of business-venture-themed TV shows such as ABC’s Shark Tank, the number of new businesses has fallen to just 8 percent of all U.S. business operations.

    The reasons are varied, with both new and historic challenges contributing to the problem. As you might imagine, the Great Recession of 2008-2010 has played no small role.

  • Submitted on 03 November 2016

    MBDA National Director CastilloWith the U.S. population poised to shift to ‘majority minority’ status during the next few decades, the topic of inclusive innovation in global high-growth industries took center stage at an MBDA event in Chicago on October 27.

    Dubbed “Inclusive Innovation in Action,” the informative event was located at an award-winning Chicago technology incubator, BLUE1647, and drew a mix of entrepreneurs, investors, and community residents. Coinciding with the annual conference of the National Minority Supplier Development Council (NMSDC), and with Minority Enterprise Development Week (MED Week), October 23-27, the afternoon panel focused on information-sharing about MBDA services for entrepreneurs, and engaging examples of successful minority-owned tech enterprises.

  • Submitted on 20 October 2016

    It all starts with an idea. Sometimes it can be as simple as a “what-if” lodged in the back of our minds that can spark the next great invention. A simple idea, when coupled with ingenuity and opportunity, can transform the world we live in for the better. That’s the awesome power of innovation.

    Innovation, one of the Commerce Department’s five strategic goals, is defined as “the invention, improvement, and commercialization of new products, processes, and services ...” It plays an integral role in the mission of all 12 bureaus housed within the department. 

  • Submitted on 22 September 2016

    The federal government has $2.5 billion that it can give to small business owners every year. Mark Walsh, the head of investment and innovation at the SBA, and Nina Tandon, the co-founder and CEO of Epibone, talk about accessing this funding.

    Where's the money? Getting funding from the SBA

  • Submitted on 08 August 2016

    Created on August 8, 2016
     

    U.S. Demographics Are Key To Our Economic Destiny

    Cross post from Medium

    U.S. Demographics Are Key To Our Economic Destiny

    This year for the first time, the United States served as an official partner country of the world’s largest industrial trade fair, Hannover-Messe. Along with President Barack Obama and U.S. Department of Commerce Secretary Penny Pritzker, I accompanied a delegation of American minority entrepreneurs to Germany.

    Within hours of the fair’s opening, it was evident that we had stepped into a time portal that zipped us into the future of the global industrial economy. The fair’s theme, “Integrated Industry — Discovery Solutions,” only hinted at the amazing innovation-driven universe that we ultimately encountered at the trade expo. I witnessed the connective tissue of a vast, powerful technological framework taking shape — the Internet of Things (IoT) — and sensed that we were at the threshold of a major seismic shift in global industries, an unprecedented period of technological advancement. A new world of Artificial Intelligence (AI), advanced manufacturing, Big Data, and sensors is remaking entire industries at a breakneck pace.

  • Submitted on 02 August 2016

    Created on August 2, 2016
     

    The U.S. Small Business Administration released its highly anticipated Small Business Innovation Research (SBIR) online tutorials to help small businesses navigate the SBIR program. The site provides users with a mobile-compatible site to learn about the program through a combination of videos and text. This platform will provide accessible program information and training resources to underrepresented areas.  There is no registration or fee required and the courses are open to all.

    “We are excited to introduce these tutorials.  We know there are many small businesses in rural communities as well as young entrepreneurs that are unaware of this amazing program,” said Mark Walsh, SBA’s Associate Administrator for Investment and Innovation.  “SBA has pulled together resources from across the federal government, providing them in a format easily accessible on mobile devices, while allowing users to select just the information they need.”

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