Tag: europe

In business circles, Groupon will, for a long time, be known as the Chicago-based startup that scored itself a $1.35 billion valuation within a year of launch. For the rest of the world, it is a website that harnesses collective buying to get consumers cheap products and services. But for ambitious startups, the model could also be employed to sell their own goods and services (and never buy advertising again).

There are numerous programs and indexes launched each year to assess a country's innovation capabilities. Among the most comprehensive and credible is the Global Innovation Index prepared by INSEAD, which last week released its 2009-2010 report, revealing some unexpected outcomes. According to the report, Australia is losing its way as a country supportive of innovation. However, its innovation outputs are on the rise.

There are numerous programs and indexes launched each year to assess a country's innovation capabilities. Among the most comprehensive and credible is the Global Innovation Index prepared by INSEAD, which last week released its 2009-2010 report, revealing some unexpected outcomes. According to the report, Australia is losing its way as a country supportive of innovation. However, its innovation outputs are on the rise.

Promising Australian technology companies seeking lower-risk entry to UK and European markets are being offered up to 12 months free accommodation in Welsh innovation centres in a new 'try before you buy' initiative.