On Thursday, the US Senate passed the Jumpstart Our Business Startups (JOBS) Act (73-26), which allows start-up companies for the first time to solicit early stage investments from the general public. The Senate version added some protections and requirements to the original bill previously passed by the House on March 8. For instance, in the Senate version, the Securities and Exchange Commission (SEC) will now have the authority to review and register Web sites that wish to act as start-up investment platforms. Start-ups can raise up to $1 million via this crowdfunding method, with individual investments limited to a range of $2,000 - $100,000, depending on annual income.

One of my all time favorite books on innovation and the ecosystems that support it is Richard Florida's "The Rise of the Creative Class". Using census and economic data, Florida examines the factors that make Creative Class jobs — in science, engineering, technology, architecture, and the arts — primary drivers for economic growth. He also identifies a number of Creative Class cities that have the right kind of assets — like a strong university system, technological infrastructure, and a tolerant culture — to attract talent and support this kind of economic activity. Boston, of course rates high in Florida's evaluation. And even though Florida published this book in 2002, I think the analysis holds true today: There's no question that Boston is a top-notch Creative Class city. What's most interesting, however, is how Boston, over the past few years, has gained recognition as a world class city for innovation.

A recent study published by The Economist ranked Boston as the 10th most competitive city in the world, out of 120 major cities examined. For the study, the Economist defined competitiveness as "the demonstrated ability to attract capital, businesses, talent and visitors." And last year, Boston ranked number one on the Innovation Cities Index.

Yesterday, the Mass Technology Leadership Council — which represents a wide range of Massachusetts industries, including energy, robotics, software, life sciences and healthcare — held its annual meeting at the Hyatt Regency in Cambridge. The event featured a keynote on the Council's vision for 2012, a comparative research report from the Mass Technology Collaborative, a state of the US economy from The Parthenon Group's Chief Economist Roger Brinner, and a fireside chat, featuring a colorful and candid interview with Intuit Chairman Bill Campbell by Fast Company founder Bill Taylor.

One of the themes to come out of the MassTLC annual meeting was the idea that, in order to drive innovation in the Boston area, we should encourage risk taking in the funding of new companies. While not all new companies will survive infancy, the odds are in our favor that one of the wild business ideas of today will not only survive, but thrive in a spectacular fashion. After all, it's no secret that Facebook began here, but was unable to put down roots. Today, Facebook is a dominating worldwide presence, but at the beginning, it needed nurturing and support. Making seed funding available to early stage companies is paramount to the Boston region accelerating as a hub of innovation.

Here’s what we’re reading online, this week at Involution, on design, tech, and the digital life, in our links round up.

SOPA: Anatomy of a Public Uprising
As most of us of are aware, the Stop Online Piracy Act (SOPA) bill in the US House of Representatives, while purported to protect content providers, in fact hides within its depths the chilling ability to freeze online businesses and tech innovation through a set of draconian provisions, that would, for instance, force search engines to filter their search results.

Here’s what we’re reading online, this week at Involution, on design, tech, and the digital life, in our links round up.

If You Make Sure You're Kinected, the Xbox is on the Wall
Last week, Microsoft's Kinect turned one year old, and the Redmond giant celebrated the "Kinect Effect" with a video highlighting future applications of the technology from healthcare to music to education.

Here’s what we’re reading online, this week at Involution, on design, tech, and the digital life, in our links round up.

Better off TED?
Richard Saul Wurman is re-inventing the conference format for the 21st century with his follow up to the wildly popular TED conferences. The new venture, WWW.WWW, is billed as "Intellectual Jazz" and will have no presentations, schedules, or tickets. Instead, two high-level thinkers from related fields will discuss a topic presented to them at the time of the conference. The conversations will be streamed live, and also available via a cross-platform tablet application. Through this new endeavor, Wurman hopes we will find "an energetic exploration of the lost art of conversing". Whether this new format will light up the imaginations of the business elite, and catch on as readily as TED did, only time will tell. But Wurman is, no doubt, changing the rules of the conference game yet again. Fast Company's Co.Design blog features a piece on the WWW.WWW conference, which will debut in 2012.

This series on technology in Africa is written by Involution friends and emerging markets experts Niti Bhan and Muchiri Nyaggah.