Posts Tagged 'Innovation'

Deep tech – Britain’s future in the diamond synchotron

Britain is good at innovation. From electric light to mobile telephony, from medical breakthroughs and the offside rule… as well as scifi fantasy like Blade Runner

I picked up yesterday on the Diamond Synchotron – Britain’s biggest scientific infrastructure investment for 40 years. Brilliantly futuristic name and major investment by some obviously brilliant British pioneers…

 Aerial photo of Diamond Aerial view of Diamond

This fabulous looking facility can create light that’s 10 billion times brighter than the sun. It will keep us at the forefront of research in medicine, genetics, environment and materials.

Great for Britain; great for Oxford and environs; one of those slow-burn investments that will keep cropping up creating world class impact again and again. I am sure I’m not the only one applauding some real deep science and great British visionary investment in experimentation.

Venturesome Economy – the secret of innovation

Was recently reading an interesting book review in the FT of a book called The Venturesome Economy - How innovation sustains prosperity in a more connected World, by Amar Bhide.

The thesis is well worn – that innovation will keep developed economies like the US and UK ahead of the marching hoards of the BRIC economies.

I’ve been quaking that India and China are each spitting out a million MBAs per annum and thinking that my kids will not have any hope in the 2020s because our world will be overrun by the brainboxes of the emerging nations.

Good news for them! And, it chimes with intuitive thoughts I’ve had about our more developed marketplaces… it’s not necessarily the innovation that has kept our economies ahead, it’s the fact that our consumers are more willing to embrace new technology and this ‘venturesome consumption’ which drives the market, which drives the innovators, which drive the economy.

So, here’s to the early adopters of the bleedingly trendy. Here’s to Tweeters on Twitter… to flashmobs, to Huddle, to Six to Start, to Oil Productions, to Velo Agency… to nonsensical fashions in Hoxton, or crazy artists in the Tea Building… it all adds up to a vibrant marketplace that tests, filters, champions.

And, creates progress. And prosperity.

 

Another blog post picks up the topic here. Saying stuff that I’d pick up – on the public policy context for innovation… should government help start-ups at all? which ones – the big near-successes or the myriad of small/risky?:

The Venturesome Economy

Amar Bhide channels Austan Goolsbee when he writes:

[...] there is little evidence of an “undersupply” or a need for public policies to stimulate the production of more high-level know-how or to subsidize the training of more homegrown scientists and engineers. Rather, given the realities of modern innovation, there is a good argument for reversing policy biases against the development – and even more importantly – the effective use of mid- and ground-level innovations. Public policies should stop trying to rob mid- and ground-level Peters to pay high-level Pauls.

LloydsTSB-HBOS – jumble sales and bottom fishing

So, my blog has gloriously covered the new-new opportunities in digital and media. I break into this editorial line with a comment on ‘other stuff that’s going to be big’.

Clearly, we are seeing tectonic shifts in the world markets – and this will impact the local economy and enterprise opportunities.

What do they say? When everyone else says ‘take cover’, it’s time to ‘take risk’. I bought Lloyds shares this morning at 265p, now standing at 290p. I had a long conversation with my stockbroker about the characteristics for calling the bottom of the market… kitchen-sinking, corporate failures, bad news epidemic… then a platform for returning stability. The market will react before the economy and may bounce.

So, 2009 looks to be a very tough year ahead – but with the re-rating of prices, labour forces and froth… there will also be great opportunities for the fleet of foot.

Boring ol’ Lloyds has just hit payback for years of caution while others have hit stella growth and over-reached themselves. Three cheers for the snails and not the hares, this week.

The digital economy is not in reverse either – it’s seeing switching from ‘old media’ and still some pretty tight labour constraints. How long this can continue? Who knows. Keep digging!

O3b Networks – African Safari

It looks like philanthropy to invest millions in Africa. But, it could also be one of those amazingly far-sighted early-stage investments.

A bunch of entrepreneurs is backing O3b networks to put up 16 satellites to provide a wireless backbone for Africa. That’s Google, John Malone of Liberty Global, HSBC, Allen & Company… on the road to $750m in spend.

This could be a path for linking up with consumers in a host of other emerging markets. Hence the name of the firm… which stands for ‘Other 3 billion’… the half of the world that’s not currently within reach of Wikipedia and Facebook…

http://www.o3bnetworks.com/

And, for more links to Google’s multifarious ambitions, check out this blog from Unstung.

Widgets, applets, snippets, games – the future for Apple iPhone

Apple took $1m per day in sales of apps at its Appstore on iTunes since launching the new 3G iPhone. Steve Jobs says it’s going to create a $1billion business… well, he said it’d ‘crest at half a billion soon’, which is a nice way to describe the run-rate of takings…

What is significant about this new marketplace isn’t just the valuation positive for Apple, it’s the way it gives a new lease of life to a whole load of entrepreneurs. Last.fm looked to be killing Pandora (which drew its horns in and went US-only). But, there’ve been a million downloads of Pandora’s iPhone radio station stuff. It’s mentioned by the FT’s tech correspondent here.

 

ReadWriteWeb put it like this:

The App Store: Soon To Be A Billion Dollar Marketplace?

Anyone who has the iPhone or iPod Touch can tell you that one of the best things about owning the device is the ability to add apps from iTunes App Store. Although many of the apps that we talk about here are the free ones like the social networking appsthe instant messaging apps, and the blogging apps, it’s the paid apps that are making the store a financial success.

According to today’s Wall Street Journal, in the month since the Apple App Store opened, users have downloaded over 60 million programs for their iPhone or iPod Touch. Out of those that were downloaded, Apple sold an average of $1 million per day in paid applications, which brought in around $30 million over the course of the month.

If they stay the course, the App Store will make at least $360 million a year, but Steve Jobs isn’t setting for that:

“This thing’s going to crest a half a billion, soon,” he told the WSJ reporter. “Who knows, maybe it will be a $1 billion marketplace at some point in time.”

However, it’s worth noting that Apple won’t be raking in those millions just for themselves – they only keep 30% of the proceeds, a good portion of which go to cover the costs of credit card transactions and help keep the App Store up-and-running. It’s really the apps’ creators who stand to gain, as they keep 70% of the proceeds.

What sort of paid apps are doing well? A quick glance at the App Store reveals that answer: games. Sega can back that up, too. They sold more than 300,000 copies of their Super Monkeyball game ($9.99) in only 20 days. According to Simon Jeffery, president of Sega’s U.S. division: “It gives iPhone a justifiable claim to being a viable gaming platform.”

But with numbers like these, we would argue that the iPhone goes beyond just being a gaming platform – they’re a computing platform now…and a profitable one at that.

After BT pays up for Ribbit, so Comcast TV firm buys DailyCandy

It’s so simple. Every day, Daily Candy sends out an email featuring one cool thing that a sassy Sex-in-The-City kinda gal might fancy. Looks like they tailor it to a dozen cities. But, they reckon to be making £5m profit this year.

Lovely editorial perspective. Greatly scalable.

Well, a US cable TV firm just bid $125million to buy the thing.

Techcrunch carries the story here.

Hmmm. That’s £5m or $10m per city of coverage. Sweet exit indeed.

London digital magic continues

The challenge in searching for the Next Big Thing is that so many entrepreneurs are hard at it in Widget World – creating the business of the future. How do you grade them, rate their prospects and see clear water between them?

That task has recently fallen to Chinwag, the digital commentators, who are leading a UK government trade mission - Digital Mission - to take Brit firms to big US events for a spot of exposure. No doubt, with some limelight, passes to Web 2.0 Expo and some air tickets involved, Chinwag had a big field to whittle down.

Those going to the Big Apple with Digital Mission in Sept – and therefore worth a sniff as candidates for Next Big Thing… (Digital Mission has 40 places for Austin, Texas in Mar 09 next up…)
B View - http://www.bview.co.uk 
Harvest Digital - http://www.harvestdigital.com 
Head London - http://www.headlondon.com
Headshift - http://www.headshift.com 
Huddle - http://www.huddle.net 
idiomag - http://www.idiomag.com 
KMP Interactive Marketing and Technology - http://www.kmp.co.uk 
Market Sentinel - http://www.marketsentinel.com 
Mippin - http://www.mippin.com
Littleloud - http://www.littleloud.com 
QuickTV - http://www.quick.tv 
Slicethepie - http://www.slicethepie.com 
Smarkets - http://smarkets.com/ 
Sweemo - http://www.sweemo.com/ 
Tactile CRM - http://www.tactilecrm.com/ 
Tempero - http://www.tempero.co.uk 
UGame - http://www.ugame.net 
UnLtdWorld - http://www.unltdworld.com
Unruly Media - http://www.unrulymedia.com 
Veedow - http://www.veedow.com 
WorldTV - http://worldtv.com

More details on the companies, and their delegates, can be found on the NYC 08 Companies page.
http://www.chinwag.com/digitalmission/nyc08-companies

To quote Chinwag’s website on the selection process: ‘The talent on display was very impressive and we were literally awed by the calibre of business and innovation in the mix! The broad swathe of companies is also testimony to the bouyancy, creativity and profound depth of the UK digital scene.’

Go for it, guys… show ‘em what London has to offer!

Castaway – First night storming success

My quest for the Next Big Thing followed a hunch that a blog isn’t the only modern outreach tool. Beer and peanuts are modern too – ‘cept we call it ‘networking’ and it doesn’t hurt to do more of it when it’s a really great crowd.

Thanks to Big Al’s Creative Emporium, I got a venue in Soho to host a salon for ad veterans, web gurus, PR maestros, media experts, private equity hacks, design gods and widget warriors. A feisty combination of some 30+ real UK industry seniors and a solid kernel for Castaway2, 3, 4…

The connections were really popping – but modesty, exclusivity and privacy forbid me from naming names without your permission. 

The conversation was wide ranging… the need for us all to have our very own Digital Personal Trainer to max the benefit of new online tools; the Google OpenAd model; stories of growth amidst the looming recession; Diigo vs Delicious; the perfect tweed for a 21st century cycling suit (I kid you not)…

Fellow castaways, can you scribble down in the ‘Comments’ section some of the other lines of conversation to share with the rest of the world? Pretty please – and not just Oli Barrett.

I’m now working on AllofUs to host Castaway2 (Sept 24?) and Fortune Cookie to host Castaway3 (Nov 19?). Mail me if you’re interested, especially you folks on the Digital Magic Roundabout in Widgetland EC2- moo.com, skimbit, techlightenment, techcrunch, dopplr, trampoline systems, redmonk, songkick… twould be nice to meet you.

Beyond blogging – lifestreaming

Just when I was getting the hang of WordPress (and still wrestling to put a Delicious feed on my blog), I read that the world is one step beyond. While it’s mass market to do blogging – and 20,000 new blogs are starting each day – the bleeding edge has moved to the likes of FriendFeed. 

 

ReadWriteWeb puts it like this:

The Future of Blogging Revealed

There has been a lot of talk lately about the changing face of the blogging landscapeDarren Rowse of ProBlogger asked if blogging has lost its relational focus; Scoble explained why tech blogging has failed you; and even though not everyone agreed with his every statement, there was a renewed commitment in the blogosphere to return to blogging about what excites instead of just writing about “Apple’s newest gizmo or the peccadillos of tech personalities.” However, we’re wondering if people even need to blog anymore…at least in the traditional sense.

Once the main way to publish your own personal thoughts and opinions for the rest of the web to read, blogging started a movement that democratized the web. Everyone could be a publisher. But now, blogging as everyone’s preferred method of communication may be over. What’s taking its place? Lifestreaming. And don’t be fooled into thinking that we’re talking just about FriendFeed here – lifestreaming as a format for communication extends beyond just that one social site to encompass an entirely new way to establish your home on today’s social web.

Lifestreaming?

Lifestreaming is a new way of documenting the activities surrounding your life using a chronologically-ordered collection of information. Bloggers like Julia Allison, whose internet activities and real-world attention-grabbing stunts made her “internet famous,” has used the format to rocket herself into stardom. That stardom even made her the subject of a recent Wired magazine article on the subject of self-promotion. Her method of communication? The lifestream, of course. Her blog is no more than a short collection of photos, videos, copy-and-pasted emails, random thoughts, links, and general over-sharing. The site even scrolls horizontally instead of vertically which makes it seem much more like a timeline than just another blog.

Julia Allison’s Site

The simplicity of a lifestream is ideal for our information overloaded age. Lifestreams are short and sweet, yet still provide the same insight into a person’s life as yesterday’s casual personal blog did. A video here, a photo there, and today’s web citizens can voyeuristically peer into anyone’s life and get a sense of who they are. Long-form bloggers, on the other hand (myself included) require time and attention to read, but with so many publishers out there, people just aren’t reading content like they used to - they’re just scanning text and moving on. For new bloggers, this means getting readers is harder than ever – your words are getting lost in a sea of noise. So to stand out, several are turning to the lifestream instead in order to get noticed.

The New Blog

But the Julia Allison method is only one option for lifestreaming. Over the weekend, I stumbled across this blog, if you can even call it that. This was no ordinary blog – it was a lifestream based on the social aggregation service, FriendFeed. Take a look:

The New Blog (Click To See It Larger)

What’s amazing about this site is that the elements of traditional blogging are mirrored here. Instead of posts, there’s a stream. Instead of “Recent Comments,” there are the “Recent Discussions.” And instead of an “About Me” page, there’s a link to the blogger’s Facebook profile. Could this be the future of blogging? For active social participants, the above site could certainly be the ideal blog as it highlights their participation instead of their thoughts and opinions.

But even though FriendFeed might be the easiest way to add a lifestream to your site (or turn your blog into a lifestream), it’s certainly not the only way. The Lifestream Blog keeps track of the many different ways that web site owners are self-hosting their own lifestreams. You can check out the galleries of these sites both here and here.

How You Can Stream Your Life

So, how are people doing this? There are several ways, but many people today are using custom code on their sites in order to produce the lifestream. However, if you already have a WordPress blog, you can set up a custom lifestream within WordPress with relative ease. In fact, there are a couple of options to do so:

We also told you about the much-anticipated Sweetcron, brand-new automated lifestreaming software for self-hosting your own stream.

SweetCron

Unfortunately, the developer has still yet to release the software, despite having originally promised a June release. These continued delays leave the door wide open for another developer to release their own software and capture the early adopter lifestreaming market. (Do you know of any others in development? Let us know!)

Lifestreaming Is The Always On Blog

There was a time when casual, personal blogging was your way to communicate with your friends on the web. Via posts, commenting, and blogrolls, bloggers formed niche communities on the web to socialize with each other. Today, new tools provide that same level of socialization – perhaps even better than blogging ever could. Via micro-blogging sites like Twitter, every quick thought or link can be shared with your community of followers and you can see theirs, too. You can join and exit the never-ending conversation at your leisure. Plus, other social sites like FriendFeed provide today’s new discussion boards where conversation occurs surrounding the items posted and shared, leading to even more of a community feel, and one that’s drawing more users every day.

Sites and social tools like these and many others encourage more participation on the social web than ever before. Although the social participants on these sites are often more active in socializing than they are in blogging, there’s still that need to stake out your own piece of real estate on the web. But we wonder: does that really need to be a blog anymore? Perhaps not.

Blogging Newspaper image courtesy of Annie Mole
 

BT acquires Ribbit platform to take on Skype?

I’ve watched everyone blog about Cuil this week – taking on Google from Ireland. Flash in the pan?

Bigger UK news of a BT $100m acquisition seems to have gone under the UK blog radar. The blog ReadWriteWeb has 229,000 RSS readers and covered the fascinating story of Ribbit, an open source app allowing users to put a ‘call me’ button on their website and get an instant call centre hook-up. Not a call to a phone, but to your computer skype-like. Cool or what?! (well, that’s how I’m understanding it at first glance… over ReadWriteWeb’s post on the deal.)

TechCrunch blogged it here… they claim that Ribbit has given a ten-fold return to the investors who put in £13m some two and a half years ago. Nice work for VCs Allegis Capital, KPG Ventures and Alsop Louie Ventures!

The interesting case study to explain Ribbit is that you could, for instance, put together a page with a list of hotels for your holiday plans, or your wedding… and instead of clicking thru hypertext to the website, you could click straight thru to make a call to reservations. Neat.

All part of that trend I referenced earlier (Greycroft VC etc) of big tech-media-telecom firms trying to buy the right widgets to leapfrog into the future.

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