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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.

float

Starting a business is always a risk, but not all sectors are created equal. Take one glance at recent retail sales figures or analyst reports, for example, and you’ll see plenty of fire, brimstone and collapses.

Just this week research firm IBISWorld blamed fierce competition and the emergence of online players for the collapse of local brands including Pumpkin Patch, Payless Shoes and Marcs and David Lawrence, saying shoppers now have too much choice for even formerly strong operations to survive.

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patent

The U.S. patent system is not in a good place today. Patents are worth substantially less than they were a decade ago, patents are much easier to challenge thanks to the high kill rate of the Patent Trial and Appeal Board (PTAB), and some of America’s most innovative industries face questions as to whether their core innovations can be protected at all in the United States. Inventions in the life sciences sector and software have been hardest hit, and while many of those inventions are not protectable in the United States they can be patented in China, Europe, Canada, Australia and elsewhere.

 

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question

We study how a new form of entrepreneurial finance—crowdfunding—interacts with more traditional financing sources, such as venture capital (VC) and bank financing. We model a multi-stage bargaining game, with a moral-hazard problem between entrepreneurs and banks, and a double-sided moral-hazard problem between entrepreneurs and VCs. We decompose the economic value of crowdfunding into cash gains or losses, costs of bad investments avoided, and project-payoff probability update. This economic value is generally shared between entrepreneurs and VC investors, benefiting both. In addition, crowdfunding can alleviate the under-investment problem due to moral-hazard frictions. Furthermore, crowdfunding allows some projects to gain access to both VC and bank financing and the competition between those investor classes benefits entrepreneurs. However, competition from other investors reduces value to VC investors, who may walk away from the deal entirely. This can also hurt entrepreneurs who lose out on valuable VC expertise.

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NewImage

AngelList has announced the creation of Angel Funds. These funds are designed to be the easiest way to start a “full-fledged” venture fund. Using their back-end technology, these investment vehicles can scale more rapidly minus much of the back office hassle. The funds operate like a traditional venture fund. They raise capital up front and angels  can contribute to their own fund. Angel Funds can also raise capital from any backer on AngelList including traditional VCs. The Angel Funds are said to complement their Syndicate model that allows investors to back one startup at a time. Angel Funds require investors to commit to building a portfolio, and to commit to investing only through the fund while it has capital. Backers also commit to all of the fund’s investments up front.

Image: https://www.crowdfundinsider.com 

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NewImage

Innovation projects are said to fail 90% of the time. Why is this? Part of the answer lies in the special “innovation teams” who are mandated with finding breakthrough growth in large corporations. Setting these teams up for success is vital, yet corporations often fail when doing this. This article provides a collection of ten tips that serve as a talent management roadmap for growth companies in search of high-performance teams that deliver.

Image: http://www.innovationmanagement.se 

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no cellphone

Earlier this year I found myself waking up in sweat-laced anxiety for a week straight. I’d wrapped a month of high-stakes projects that put me at the top of my freelance career. I was financially secure, felt professionally accomplished, and had never been so flush with great projects. So why was I bolting upright in the middle of the witching hour?

During a 3:00 a.m. emergency journaling session (I’ve learned to think of it as paper therapy), I realized that in my efforts to please clients, I’d neglected the routines that had made me successful to begin with: making time to reflect, exercise, plan, and knock out real, focused work without any digital distractions.

 

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trend

I once read a quote that said: "Fashion is a form of ugliness so intolerable that we have to alter it every six months."

Frankly speaking, I think it is altered every six weeks. Business is not so different. Every now and then, we witness a new trend that takes over.

A few years ago, it was the cupcakes craze and social media accounts sprung up managed by home businesses offering variations of cupcake designs. Following that it was cookies – consumers. More than a few businesses launched in the UAE to cater to this trend. Nowadays, it is all about burgers and food trucks. Gourmet food trucks could be seen outside parks, at concerts, and at markets and pop-up events.

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graduates

The class of 2017 is joining the workforce with some tough challenges but, according to researchers, with plenty of optimism. But no matter how lofty the speeches on this year’s commencement circuit may be, the reality is that lots of new grads will land in crappy entry-level jobs–if they’re lucky to find jobs at all.

That means competition for the good ones is going to be steep. So to find out what it takes to get a leg up, Fast Company asked a few recent grads at YouTube, Giphy, and SoundCloud for their advice.

 

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NewImage

Imagine having a wearable that is capable of warning you when you are about to start a fight and can provide you with alternate behavioral solutions. The study of biometric data in prediction models for human behavior is an interesting peek inside what the future of wearables may be like.

Image: http://readwrite.com/ 

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