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Johnny Chung Lee at Carnegie Mellon University created a couple innovative uses for the relatively cheap Nintendo Wii Remote. Most impressively, by combining a Wiimote, an LCD projector, and a little C# programming, he created a low-cost, multi-touch whiteboard system:

More (including videos of other cool stuff you can do with your Wii) at his project page…

The Poeple’s Daily reports that,

A full superconducting experimental Tokamak fusion device, which aims to generate infinite, clean nuclear-fusion-based energy, will be built in March or April in Hefei, capital city of east China’s Anhui Province.

The device will reportedly be built for USD 37 million — 15 times less than the ITER Tokamak project — although at a smaller scale. The question begs, however, is China developing into a hot spot for cost-effective research and development?

PC Advisor’s Peter Sayer writes that Malta might be Europe’s most innovative country if its proportion of high technology export revenue is taken into consideration:

Malta, [...] a member of the EU since May 2004, derives a greater proportion of its export revenue from high technology than any other European country, according to figures from Eurostat, the statistical service of the European Commission. High-tech goods and services accounted for 55.9 percent of Malta’s exports in 2004.

R&D in the European Union, however, remains relatively low:

Spending on R&D is one way in which companies – and countries – stay ahead of their market. Average spending on R&D was 1.9 percent of GDP (gross domestic product) in the EU in 2004, compared with 2.59 percent in the US and 3.15 percent in Japan, according to Eurostat. In Europe, 54 percent of that expenditure was financed by businesses, and the rest by governments. In the US, 63 percent of R&D was financed by business, and in Japan 75 percent.

Read the full article.