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N e w s l e t t e r
August 11, 2010 |
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Chinese investments in U.S. good for the U.S. economy - Case Study
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Foreign
Direct Investment (FDI) into the U.S. from China has the potential to
create new American jobs, bring in new streams of capital, develop
infrastructure, and improve U.S.-China business connections. So says a
recent report published by the American Chamber of Commerce in Shanghai,
excerpted below.
 China's
Ministry of Commerce (MOF- COM) reports that US$462 million in Chinese
FDI reached the U.S. in 2008, making the U.S. China's ninth largest FDI
target behind Kazakhstan, where China invests heavily in the energy
sector.
The
U.S. Bureau of Economic Analysis provides significantly higher numbers,
reporting that Chinese FDI in the U.S. reached US$1.2 billion in 2008.
This figure could be larger, as many of the investments made by Hong
Kong companies into the U.S. could have sources of capital that
originated in mainland China.
Chinese
investment in the U.S. is fundamentally good for the U.S. economy
because it creates new jobs, maintains existing ones, pro- vides new
sources of capital, develops infrastructure and ultimately serves to strengthen U.S.-China commercial ties.
Full story here. |
Russia eyes advanced display technology
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 Russia is in advanced talks to take control of British display screen maker Plastic Logic according to recent press reports.
The
move is seen as significant because it would give a technology boost to
Russia's plans to bring Western expertise to its fledgling tech
industry. Plastic
Logic has reportedly received around $200 million in investments to
date, and is owned by a string of venture capitalist groups.
Plastic
display technology is creating a new wave of media applications and is at the heart of tech development under
way at centers like Imec, in Flanders, and Saxony, as recently reported.
See links below.
Full story here.
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Ten high tech hot spots
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The 10 Biggest Millionaire Hot Spots In America?
 Globally the pattern is similar, with hot spots forming around regions with growing middle income populations.
Recently,
ten middle-income non-BRIC countries have emerged from the worldwide
economic crisis collectively as the third largest force in the global
economy after the US and European Union, according to a reportfrom consulting group A.T. Kearney. Mexico,
South Korea, Turkey, Poland, Indonesia, Saudi Arabia, Taiwan, Iran,
Argentina and Thailand had a collective GDP (in purchasing power parity)
of $8.8 trillion in 2008. Full story here.
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U.S./Mexico tech summit to explore innovation, trade issues
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Event supports greater collaboration between Mexican and American Technology Companies
DALLAS, --TechAmerica, partnering with the Dallas Regional Chamber and University of North Texas will host the first United States/Mexico Technology Summit
- an unparalleled opportunity for the business community to enhance
its companies' international performance by exploring critical
international trade issues and networking with key industry stakeholders
from the two countries. The event will be held Wednesday, Sept. 29 and
Thursday, Sept. 30 at the Cityplace Conference and Event Center north
of Downtown Dallas.
"We
are honored to partner with the Dallas Regional Chamber and University
of North Texas to bring this important event to the business community,"
said Jeff Clark,
executive director of TechAmerica Texas. "Technology companies are
increasingly operating in overseas markets, and, through advancements in
technology, are developing their products and services with teams
operating internationally. Latin America offers a tremendous market for
these products, and Mexico, as our closest neighbor, has become an
important partner in their design, development and manufacturing. This
event highlights the opportunities that exist for our two countries to
work together, to grow our economies and to compete globally." Full story here.
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Pan-India hunt for innovative tech startups launched
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The website www.cxotoday.com reports that a new a new tech talent hunt is under way across India to find innovative startups.  The talent hunt is being organized by YourStory.in,
an online platform that provides opportunities for entrepreneurs to
gain visibility and network with peers, is organizing a pan-India hunt
for innovative product technology startups. TechSparks 2010 has
received 200 entries from around the country, out of which 18 have been
shortlisted. These will be showcased in a 'grand finale' on August 13,
2010 in Bangalore.
Tech Sparks 2010 will focus on innovative
product startups in software, mobile products, cloud computing, and Web
2.0 verticals. Out of the 18 shortlisted only five will be the chosen
winners who will be given the title 'TechSparks of 2010'. The
assessment is being carried out by using G/Score an assessment tool.
G/Score is a standardized, scalable methodology for assessing the team,
execution and commercial viability of the start-up.
Full story here. |
Chile innovation incentives aim to reverse tech brain drain
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 SANTIAGO
Aug 4 (Reuters) - With a sprinkling of seed capital, Chile is courting a
flock of young technology entrepreneurs to spur local innovation and
turn the South American country into a satellite for Silicon Valley.
By
October, Chile hopes to attract 25 budding tech companies through
Start-Up Chile, a pilot program promising to slash red tape, help with
$40,000 of overhead and connect innovators with top local talent and
venture capital.
New President Sebastian Pinera, who made a fortune as a credit card
entrepreneur in the 1980s, has pledged to turn around declining
productivity and increase the Chilean economy an average of 6 percent
annually during his term. The
president is confronting what he calls the country's "lack of a true
culture of innovation and entrepreneurship," with the help of young
innovators passing up U.S. opportunities in a reversal of the
traditional brain drain.
Pinera's advisors hope the foreign entrepreneurs can jump-start
their Chilean peers through local hiring, shared know-how and sheer
example - all in exchange for six months of start-up capital. Full story here.
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New website connects start-ups and entrepreneurs to drive innovation economy
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Online
community will accelerate the rate at which the high technology and
high growth start-up communities foster dynamic partnerships and create
new opportunities LOS
ANGELES, Aug. 5 /PRNewswire/ -- The economy is down, the recovery is
slow and historically start-ups have been essential in generating new
growth and creating jobs. Business networking is a key way via which
these companies find opportunities and identify new resources, but in
the current climate, budgets for activities like conferences and
tradeshows are tight; businesses need to find effective alternatives.
Enter VAI Global (www.vaiglobal.com),
a cost-effective, efficient and highly relevant business networking
solution for members of the entrepreneurial start-up and high growth
communities. The
subscription-based network connects entrepreneurs, investors, service
providers, university innovators, corporations and economic development
organizations across a diverse range of industries. Dr.  Don
Oparah, Founder & CEO of VAI Global and former director of a
University of California technology incubator said, "Our goal is to
empower members of the entrepreneurial community to discover and
connect with people, funding and opportunities in a way that is both
highly intuitive as well as time and cost efficient." Full story here.
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Autos, IT, mobile phones, PCs, emerging markets push chip sales to historic levels
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 Global
semiconductor sales jumped in the second quarter on robust demand from
auto makers, IT suppliers and emerging markets like China and India
where PCs and wireless handsets are the strong industry drivers.
A new SIA report claims that sales
of semiconductors have risen by over seven per cent in the last
quarter. Some analysts however are warning that the current recovery in
the global semiconductor business "is not a normal chip cycle."
According to the Semiconductor Industry Association (SIA),
the semiconductor sector saw $74.8 billion of the electronic components
sold worldwide in the three months between April and June, up 7.1 per
cent from the $69.9 billion seen in the first quarter of this year.
Brian
Toohey, president of the SIA, said: "Sales in the first half of 2010
were exceptionally robust, driven by strong demand from a broad range of
end markets."
He
added that the group expects that growth rates will continue for the
rest of the year, making the prediction of a 28.4 per cent rise for the
whole of 2010.
Meanwhile,
the International Data Corporation also recently said that
semiconductor revenue will be boosted over the next 12 months, claiming
that sales could reach $340 billion by 2014.
Full story here.
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Turkey owes its rapid economic growth to increased R&D
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Turkish
pharmaceutical company Bilim's research and development center in
Kocaeli's district of Gebze. The Turkish companies sped up technology
investments, especially in the last decade.
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With
advancement in science and technology one of the significant factors
that prompts economic development and an improved level of social
welfare in a country in the 21st century, experts agree that research
and development (R&D) has been an outstanding factor for Turkey
having a more developed economy according to the website Sunday's Zaman.
The
number of R&D projects presented by Turkish companies to the
Scientific and Technological Research Council of Turkey (TÜBİTAK)
increased from 260 in 2000 to 1,495 in 2009, according to data obtained
by TÜBİTAK.
Hasan Helvacı, a
marketing coordinator from Akgün Computer Software and Services Ltd.
Co., a Turkish company, said Turkey has in recent years started to
allocate a budget to R&D. "When we look at leading companies in the
world, it is clear that these companies generally allocate a large
budget to R&D," Helvacı said.
Full story here.
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| Contact Information
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Richard K. Wallace
Editor & Publisher
Tel: +1 631 204-7451
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