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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

Saul Kaplan

Can Rhode Island be transformed into a high performing state? Saul Kaplan tells GoLocal that Rhode Island's cynical attitude and recent calls for Rhode Island's government to be transformed are an opportunity for change and improvement.

He sees the opportunity through engagement to drive change. While Rhode Island has not kept up with peer states like Massachusetts, but the state can compete by leveraging greater engagement and taking advantage of the state's size.


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Scott Meacham

Selexys was one of the top five largest mergers and acquisitions of U.S.-based companies in the fourth quarter of 2016. That deal and the sale of WeGoLook are proof positive that Oklahoma's strategy of public/private venture capital funds works.

When the recent fourth-quarter and full-year MoneyTree Report came out, I got a little hot under the collar. MoneyTree reports trends in financing to U.S. venture capital-backed companies.


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Anirudh Damani

The bloodletting in the Indian startup ecosystem continues with hotel-booking app RoomsTonite shutting shop on the heels of the Stayzilla fiasco, which is still playing out in the media. I have previously said that the startup space in India is safe because of its self-correcting nature. However, I did not expect that startups that failed to raise venture capital will start raising “vendor capital”.

Image: Anirudh Damani

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san francisco

In San Francisco, the rent — as they say — "is too damn high."

In an effort to help employees avoid the high cost of living, a small tech company will pay new hires $10,000 to move out of the Bay Area and work remotely.

In a blog post published March 17, Zapier CEO Wade Foster announced an experimental "de-location" incentive program that will reimburse moving expenses up to $10,000 if a person accepts a position at the startup and moves out of the Bay Area in the first three months.


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BYU Technology Transfer inventions become new startups The Daily Universe

BYU professors’ research has led to many new technologies and inventions including more than 19 startup businesses throughout the country in the past year, according to the Technology Transfer office director Mike Alder.

The Technology Transfer office is tucked away on the third floor of the Harold B. Lee Library. It stays busy with 65 to 100 unique inventions each year from professors all over campus, Alder said.

Image: Inventor and BYU alumnus Ben Faber, left, holds a prototype of the active noise control technology with co-founder and BYU alumnus Kevin Harrison, center, and computer engineer Jorden Luke, right, in front of a test vehicle. (Henk Brenkman) -

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An executive partner at Flagship Pioneering discusses what’s next for the industry, disruptive technologies, and patient care.

What’s next for the pharmaceuticals industry, amid digital disruption and rapid technological advances? McKinsey’s Martin Dewhurst sat down for a wide-ranging conversation with David Epstein of venture firm Flagship Pioneering to explore ways the sector could shift in coming years.


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Ted Crosbie Also Honored Posthumously For Contributions
To State And Industry

DES MOINES – March 22nd, 2017 – Iowa Biotechnology Association (IowaBio) Executive Director Joe Hrdlicka and Cultivation Corridor Executive Director Brent Willett announced Dr. John Swart, founder and CEO of Exemplar Genetics, as the Cultivation Corridor Iowa Biotech Leadership Award recipient at this year's Partnering For Growth event. Additionally, special recognition was awarded posthumously to former Monsanto executive and industry leader Dr. Ted Crosbie who passed away suddenly this past summer.

The Cultivation Corridor and the IowaBio team up to present the award to an individual who in the past year has demonstrated leadership, innovation, advocacy and commitment to advancing Iowa's biotech industry.

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My mind was becoming constricted. I noticed that the weight of the world, and all my clients’ issues, were pressing down on me. I worried that my thinking was falling into a rut and my creativity and ability to advise my clients well were going to suffer.


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The idea that science is inextricably linked to technological progress is now taken for granted.

Historical evidence is voluminous and examples abound all around us, from satellites that keep our GPS devices working to medical treatments that cure diseases that have victimized millions in the past. This idea has unfortunately been drastically simplified to fit a global narrative of innovation that has shaped science policy in Canada and internationally.


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Peter Drucker wrote Innovation and Entrepreneurship in the 1980s as a book that for the first time put innovation as a regular management tool, side-by-side with strategy and operations in a managed business. It offers little mystification of the term "innovation" and there is much of a practical approach to where innovation is made---or might be made. Drucker had a personal purpose towards innovation: eliminate the terror of mid-managers for eating the vegetable soup so as to make entrepreneurship a systematic job to be done within any type of business (venture business, corporate enterprise or public business).


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USM Launches 25 Million Maryland Momentum Fund to Back Start Up Companies Formed from Campus Research USM

Adelphi, Md. (March 16, 2017) -- To increase new company creation and commercialization of its leading-edge research, the University System of Maryland (USM) is launching a $25 million early-stage investment fund to be known as the Maryland Momentum Fund.

The money-raising process for start-up companies typically is an uneven one. Therefore, the Maryland Momentum Fund will concentrate on filling gaps in the funding pipeline to push USM's most innovative ideas into the marketplace.

With a $10 million commitment from the USM already in place, the system is collaborating with UM Ventures and the University of Maryland, Baltimore County (UMBC) to reach out to area venture capitalists and angel investors for an additional $15 million. UM Ventures is a joint initiative of the University of Maryland, Baltimore (UMB) and University of Maryland, College Park (UMCP) to commercialize technologies and expand industry collaboration.


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