The new owner of the brand and the festival Quart says today at the Motion conference that there will be new steam and effort put into releasing the potential of the former biggest festival in Norway. ?We gonna have a new drill called Quart Beach that will be one of the new concepts for 2009.? After bankruptcy and scandal there on of the investors that have been losing altogether 1 MUSD in earlier ventures is ready to throw in more cash. "We hope that we will get our money back. Maybe the investment from the local government of more than 8 MUSD has not been in vain, says an optimistic investor Arild Buli. "You need to have the people and the city behind to succeed", says Hans C. Smed from the Roskilde Festival management in a comment. Buli says that he expects 100.000 people at the festival in 2009 and do not understand a question from one of the participants about the fact that Roskilde is "a big brother" at the music scene in Scandinavia. If you are familiar with Danish, you can listen to Mr. Smed and his performance at Motion later tonight at this blog.
The fastest growing venture capital regions in US is the West Coast and Midwest and Washington Post reports that the capital is loosing ground.
(co-founder of YouTube) has put together a venture investment group called Youniversity Ventures
. Other key people are Kevin Hartz (co-founded Eventbrite) and Keith Rabois (Slide) It's purported focus is said to be early-stage startups. More at Geekmadness
, a Beijing-based consulting and research firm has announced that there are 220 million Web surfers in China, a number which slightly surpasses the 217 million in the United States and makes the country the largest Internet-connected population in the world. Do this numbers also include web users in Tibet? Read more atmashable.com
Kleiner Perkins Caufield & Byers
(KPCB) today announced the launch of the iFund with $100 million in venture capital to invest in companies developing applications and services for Apple's iPhone and iPod touch. The iFund, will be invested in companies with market-changing ideas and products that extend the revolutionary new iPhone and iPod touch platform. Lets hope this will create winning entrepreneurs and not only mind blowing ideas served on a silver plate to Apple Corp. Anyhow, I like the idea and hope to see KPCB next time we are in the valley with SFIF. Have a look at press release at PR Newswire
and Jim Forbes at his blog ForbesOnTech
(Powerset) joins a long list of entrepreneurs and venture capitalists who see energy as the big investment opportunity, including Silicon Valley VC camps like Vinod Khosla and John Doerr. This is one of the Wired stories
We have been following the progressive development of REC
for a while. A worry from shareholder is if there are other techniques that can come "out of the blue" with a killer app. At the Clean Tech Breakfast
set up by SD Forum
in Palo Alto March 18, the prime topic is "Solar Technology - will thin film take over"?
The main challenge in the industry is to bring down current production and implementation cost and at the same time at value to the custumers. It would be interesting to know is if there are many projects and companies that you think can come up with a fast value innovation that could shake the industry?
In Norway the cancer research and its application are in worldclass in terms of innovation and quality. Norways unique infrastructure - from biobanks to extensive patient registries - accelrerates translational research which is crucial to convert ideas from the lab into diagnostics and treatment. Read more...
The greatest strategic challenge facing leading global businesses in 2008 will continue to be regulatory and compliance risks, says a new report published by leading professional services provider Ernst & Young. These are closely followed by global financial shocks, which have already begun to have an impact with the recent global "credit crunch"; workforce and consumer aging, which will see a number of industries struggling to respond to dramatic shifts in demand and shortages in skilled labor; and the inability to capitalize on the rise of the emerging markets..
"Not all strategic business risks are the same- they may be macro, sector or operational nor do they have the same impact in every business sector," says John Murphy, Global Vice-Chair for Ernst & Youngs Assurance and Advisory Business Services. "This research flags up the fact that all boards must have strategic business risks on their radar. Boards will have to decide where their greatest risks lie and how to deal with them. Ignoring them is not an option."
The report, "Strategic business risk: 2008 - the top ten risks for global business", identifies the top ten global risks across 12 of the worlds most important business sectors, as well as the five fastest-rising threats that could have a significant impact over the next three to five years.
The report was produced by Ernst & Young in collaboration with Oxford Analytica, and sought the views of more than 70 analysts from more than 20 disciplines. The top ten strategic business risks identified in the report are:
Regulatory and compliance risk
Global financial shocks
Aging consumers and workforce
Execution of strategic transactions
Consumer demand shifts
Companies oftentimes run into the same trap. They assume tactics that led to success in the past will lead to success in the future. Even worse, companies can choose the right tactics to win a particular battle, only to find out they have lost the innovation war. Is this what's happening to Sony right now? Read the whole story in the article posted by Scott Anthony on February 19 at the Harvard Business.
Why should financial institutions and fund managers have to become familiar with Islamic finance law and practice? Read more about why Middle East and North African region is becoming even more important in a global venture market in VC Expert's Buzz
by Simon Witney, Partner, SJ Berwin LLP.
Commission Vice President Günter Verheugen, responsible for enterprise and industry policy said: "The continued improvement in innovation performance across the EU is very encouraging and offers further evidence that the Lisbon process and the broad-based innovation strategy are working. But the apparent slowdown in catching up with the US and in particular the increasing gap in public research and development show that reinforced efforts are needed if we are to create more world class innovation in Europe." Read more about the The 2007 European Innovation Scoreboard (EIS). The whole report can be found at PRO INNO EUROPE.
JPMorgan Asia Pacific has announced a major expansion into private equity investment, as part of its regional growth strategy, with the commitment of an initial USD 750m to mid-market private equity investment opportunities in the region. Find more at Hedge Week
VC Experts has launched a new site PEDataCenter.com that is "a one-stop shop for valuations, deal terms, company filings, and many other private equity metrics". This site should be interesting both for mature companies owners and investors on the other side of the table.
Fantastic! Later this month, MIT will celebrate reaching its goal of having written portions, at least, of 1,800 courses - including materials from about 90 percent of its professors - available free on its Web site. Read more...
I was invited by the Norwegian Ministry of Trade and Industry the other week to participate at a EFTA conference in Luxenbourg to learn about CIP. What is CIP? This is the Competitiveness and Innovation Framework Programme. It directly aims to boost the competitiveness of European enterprises. To fire up the activity there is a budget of 3.6 billion euros for the period 07 - 13. More data is updated as we speak at http://ec.europa.eu/cip/index_en.htm.
I will come back with more information as I learn more about the opportunities for small companies and entrepreneurs.
What else is hot at Technorati
Donal Lang, Principal at Don Lang Design, asked this question on LinkedIn;
Creative people generate many ideas. It takes effort and commitment to convince funders and often 5 years to get a product to market, so we're selective about what we put our lives into. What do YOU do with all the rest of your innovations? Do you think there's a justification for an 'Open Access' system that puts out unused ideas for anyone to exploit? Would you use it? What recognition would you want?
This was my answer; Most of the ideas for all inventors stays in the head and die there. I for sure believe that there is a demand for "open spaces" where IP, good ideas, talent and capital can meet. In fat one of the companies I have a responsibility in are developing av method and scheme as we speak. Seed Forum Norway have been taking an international initiate that can easily can be converted from a physical marketplace into an "ideagora" or a knowledge market. You can in addition find good existing examples as yet2.com and innocentive.com, that are sites that I think will have a great future. One ot the most interesting books I have been listening to so fare this year is Wikinomics (Don Tapscott and Anthony D. Williams), that are based on results from several research projects where new ways of sharing and collaboration is central. I will for sure try to interact with as much persons and brilliant minds as possible in my subsequent projects.
Read more answers?
I am dedicated and want go to invite you to our social network stunt.... I want you to link me at my facebook
an our wikinomics group :-) Maybe your life will change forever :-)
Want to join me at PodCamp Europe in Stochholm June 12 -13? It's an UnConference of podcasters, bloggers, and new media professionals & amateurs for two days to share, explore, challenge, and grow our abilities in new media. Learn about audio and video podcasting, blogging, photography, Second Life, Twitter, and all kinds of other new and social media tools. Whether you're a veteran or interested in getting started, PodCamp is for you.
When I was listening to the Audible version of Wikinomics I learned about OpenCourseWare and was jogging home to discover more. Whoo! What a course of knowledge his is at your fingertips. This is something that I hope all Universities and also Business Schools around the world can learn from. The competitive world is thoroughly flat and sharing is a valuable asset now and icreasingly in the future. Please look into this fountain of involvement and free sharing...
Guy Kawazaki today announced that "I need some help from people who are in the flow of interesting and true rumors. They would be folks who can provide "scoops" that begin with a phrase like, "Did you hear that...?" There is a strong rumor out there that Guy have gone crazy and have bad advisors. I am in a chock, and that is a truth! Read the story...
In the last few years, traditional collaboration in a meeting room, a conference call, even a convention center has been superceded by collaborations on an astronomical scale. Today, encyclopedias, jetliners, operating systems, mutual funds, and many other items are being created by teams numbering in the thousands or even millions. While some leaders fear the heaving growth of these massive online communities, Wikinomics explains how to prosper in a world where new communications technologies are democratizing the creation of value. Anyone who wants to understand the major forces revolutionizing business today should consider Wikinomics their survival kit. Find out more >>