Innovation Toronto

photo credit: Maryam S.

We left the following note on the Obama for President website:

While I am not an American, I have an idea that Mr. Obama might consider . . .

What if?

Mr. Obama takes public financing for the campaign.

Then

Directs supporters to direct their “campaign donations” to fund 1 public project on the ground in each state to help those most in need on a local basis - now.

Thus you demonstrate real doing while campaigning - different!

Everyone including the press would love it and the coverage would more than compensate for any restriction in campaign fund raising.

Doing while talking - the power of real change.

Be really interested in everyone’s comments or even better ideas

Good luck!

from a Canadian well-wisher.

Tesla Motors, the automobile startup with backers that include Sergey Brin and Larry Page, held a party tonight to mark the launch of its Menlo Park storefront. The store, which is the company’s second, will be open to the general public beginning this Tuesday.

Despite Tesla Motors’ well deserved reputation as a high-end car manufacturer, it is still very much a startup - the company’s $150 million in funding pales in comparison to coffers held by large automobile companies like Ferrari. As a result, Tesla has strived to create a atmosphere of style and sophistication at its showrooms without breaking the bank.

The new dealership is situated in Menlo Park, about 5 minutes away from downtown Palo Alto and Stanford University. The interior of the building is designed to be “industrial chic” - a strange mix of luxurious furniture (white leather sofas, marble tables) and the trimmings of a basic garage (concrete walls, exposed wooden ceilings). It works surprisingly well, keeping the store’s high-end customers at home without distracting from the showroom’s main attraction: the cars.

Ah, the cars. Tesla has half a dozen of their Tesla Roadster electric car on display, and they don’t disappoint. It’s hard to put into words how ridiculously sexy the Tesla Roadster is in person, so we’ve grabbed a lot of pictures. Suffice to say, as soon as you walk in the store, you’re going to want one.

Read more . . .

photo credit: ken mccown

Rock Port Missouri, with a population of just over 1,300 residents, has announced that it is the first 100% wind powered community in the United States. Four wind turbines supply all the electricity for the small town.

Rock Port’s 100% wind power status is due to four wind turbines located on agricultural lands within the city limits of Rock Port (Atchison County). The city of Rock Port uses approximately 13 million kilowatt hours of electricity each year. It is predicted that these four turbines will produce 16 million kilowatt hours each year.

Excess wind generated electricity not used by Rock Port homes and businesses is expected to be move onto the transmission lines to be purchased by the Missouri Joint Municipal Utilities for use in other areas.

University of Missouri Extension specialists say that there are excellent opportunities for sustainable wind power in northwest Missouri.

There are currently 24 wind turbines in Atchison County, 24 in Nodaway County and 27 in Gentry County. MU Extension specialists say the wind farms will bring in more than $1.1 million annually in county real estate taxes, to be paid by Wind Capital Group, a wind energy developer based in St. Louis.

“This is a unique situation because in rural areas it is quite uncommon to have this increase in taxation revenues,” said Jerry Baker, MU Extension community development specialist.

The alternative-energy source also benefits landowners, who can make anywhere from $3,000 to $5,000 leasing part of their property for wind turbines.

Read More . . .

photo credit: esteban

In an ominous sign for Silicon Valley’s entrepreneurial machine, venture capital firms are cutting back on their investments in companies at their earliest stage of development and being forced to provide extra financing for later-stage companies that can’t leave the nest and go public.

Overall, venture capital investment remained flat at about $7.4 billion in the second quarter, according to a report released Saturday by the National Venture Capital Association and PricewaterhouseCoopers. But the amount of money invested in companies seeking their first round of venture investment fell 12 percent to $1.6 billion, down from $1.8 billion in the first quarter. Also, first-round financings fell to just 21 percent of all venture funding — the lowest percentage since the fourth quarter 2004.

Mark Heesen, president of the N.V.C.A., suggested that the drop reflected caution by funders who are worried about their inability to cash out of their investments through initial public offerings of stock.

Read more . . .

An artist’s representation shows how a cost effective solar concentrator could help make existing solar panels more efficient. The dye-based organic solar concentrator functions without the use of tracking or cooling systems, greatly reducing the overall cost compared to other concentrator technologies. Dye molecules coated on glass absorb sunlight, and re-emit it at a different wavelengths. The light is trapped and transported within the glass until it is captured by solar cells at the edge. Some light passes through the concentrator and can be absorbed by lower voltage solar cells underneath. Alternatively, the partially transmissive concentrator can function as a window. Graphic not to scale. (Credit: NSF)

Imagine windows that not only provide a clear view and illuminate rooms, but also use sunlight to efficiently help power the building they are part of. MIT engineers report a new approach to harnessing the sun’s energy that could allow just that.

The work, reported in the July 11 issue of Science, involves the creation of a novel “solar concentrator.” “Light is collected over a large area [like a window] and gathered, or concentrated, at the edges,” explains Marc A. Baldo, leader of the work and the Esther and Harold E. Edgerton Career Development Associate Professor of Electrical Engineering.

As a result, rather than covering a roof with expensive solar cells (the semiconductor devices that transform sunlight into electricity), the cells only need to be around the edges of a flat glass panel. In addition, the focused light increases the electrical power obtained from each solar cell “by a factor of over 40,” Baldo says.

Because the system is simple to manufacture, the team believes that it could be implemented within three years–even added onto existing solar-panel systems to increase their efficiency by 50 percent for minimal additional cost. That, in turn, would substantially reduce the cost of solar electricity.

Read more . . .

“One of the best solar ideas in the last 5 years.” - IT