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Qualcomm Seeks Spark for Brew MP, Northrop Grumman Gets $35M for UAV-to-UAV Refueling, & More San Diego BizTech News

Bruce V. Bigelow, Xconomy San Diego

Tuesday, July 6, 2010

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San Diego’s Connect issued its innovation report for the first quarter of the year, saying new company formation fell by 21 percent—with just 51 startups established, compared with 66 startups that formed during the same period in 2009. Economist Kelly Cunningham, a senior fellow at the National University System Institute for Policy Research, says the downturn is probably seasonal.