Now this is a cool invention - the Yike Bike - in New Zealand - an electric bike that goes up to 12 mph - and folds up so you can sling it over your shoulder and take it inside! Check out the video at www.yikebike.com . Time Magazine listed it as one of the top Inventions of the Year.

Read about the founder - "Grant Ryan is an addicted inventor and entrepreneur. He has founded a number of companies including GlobalBrain.net (sold to NBCi), RealContacts, SLI Systems (profitable fast growing SaaS search company) and Eurekster (North America Red Herring 100 in 2006)." A classic entrepreneur.