By Chris Shipley
Network World, 06/14/04

Good news: Technology innovation is returning to levels not seen since the start of the Internet boom. In the past few months, dozens of great product concepts, working prototypes of exciting hardware and unique software applications have emerged that will deliver real value to business. Each concept is carefully conceived and well engineered. The market analysis has been done, and each product meets a real and unfulfilled need in the marketplace. And to top it off, the entrepreneurs who designed these products are smart and determined.

Bad news: Each of these projects is unfunded and at best has long-shot odds of getting the capital needed to become a product.

In a marketplace fueled by innovation, it seems implausible that great ideas can’t find strong backing, yet that is the situation in today’s start-up environment. The venture capital markets are the last of the boom-gone-bust players to turn the corner to full recovery. In near lock step, venture capitalists have moved from the most risky early-stage companies to find safer harbors for their investment capital.

For more, go here.

(Source: NetworkWorldFusion here.)