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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.

woman business

Sweden has returned to the top spot as the best country in the world to live in for women, according to a 2019 ranking from US News & World Report. In 2018, the spot was taken by Denmark — the country is now back down to No. 2.

The media organization surveyed more than 9,000 women as part of its wider Best Countries ranking in order to determine which of 80 countries around the globe are the best for women to live in.

 

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small town

When Facebook founder Mark Zuckerberg first started to get the website off the ground in 2004, he moved from Boston to — where else? — Silicon Valley.

Tale as old as time. Startup founders have been moving to the San Francisco Bay area since at least the 1970s.

Today, it’s a huge hub for technology. But ironically, the same technology that’s made the area boom means you don’t actually have to move your business to succeed.

A small town can offer all sorts of advantages for an entrepreneur. In many cases, it’s even better than the big city.

 

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calendar

If you’re like most entrepreneurs, your calendar is jam-packed. However, that doesn’t mean that it’s been managed effectively. In fact, it may merely be a cluttered mess that’s setting you up for failure. But how can you tell? As the founder of Calendar, an app that helps business owners manage their time better, I've studied over 200 million calendar meetings and formulated these 11 signs you’re not managing yours effectively.

 

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NewImage

On August 18, China unveiled a detailed plan of reforms to be implemented in Shenzhen, supporting it in establishing a model area of socialism with Chinese characteristics. 

This sets a three-phase goal for Shenzhen: becoming a modern international city of innovation by 2025; a hub of innovation, creativity, and entrepreneurship by 2035; and a global benchmark city with outstanding competitiveness, innovative capacity and influence by the mid-21st century.

Image: http://www.china.org.cn

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The Valley Absorbs Failure Stanford eCorner

Innovation is not a monopoly of Silicon Valley, says venture capitalist Randy Komisar. But entrepreneurship as a profession, he notes, is practiced best on KPCB's home turf. Here, failure isn't personal, and it is tolerated for approximately 70 percent of the businesses that launch here. The Valley offers a unique understanding that Plan A is often flawed and that failure is a necessity for true innovation, and thus it offers the space for smart and inventive people to reassess and move on to the next venture. This key difference that has evolved over the past 70 years, says Komisar, is what has made Silicon Valley thrive.

 

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NewImage

Entrepreneurial resources are often the crux of a successful new startup amid a competitive business climate.

In Winston-Salem, there are many entrepreneurial opportunities for growth in the form of business accelerators, business incubators and other programs.

Image: Jason Thiel is the president of the Downtown Winston-Salem Partnership. Andrew Dye/Journal

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Celebrating Failure as Success Stanford eCorner

Astro Teller, director at X, talks about how failure is not only accepted within Alphabet's moonshot factory, but how teams that kill their ambitious projects early are rewarded generously for the lessons that the failures yield. The seemingly counterintuitive practice establishes workplace norms that incentivize boldness and transparency.

 

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accelerator

A new accelerator program will soon start in Richmond that, unlike other incubators or accelerators that focus mostly on helping for-profit business startups, will help budding nonprofit ventures grow and succeed.

The accelerator program, NPO Launchpad, was founded by Richmond-area entrepreneurs Pat Hull and Jeff Palumbo, both of whom have backgrounds in for-profit and nonprofit ventures. It is funded by the Hull Foundation, a charitable fund created by Hull that also has supported other local programs to assist prospective entrepreneurs such as UnBoundRVA.

 

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NewImage

The power and influence of paid media advertising, including print ads, TV commercials, radio, and even online digital campaigns is waning, in favor of unpaid earned and owned messaging from your website, social media, key market influencers, and existing customer word-of-mouth. But startups need to remember that even zero paid media doesn’t mean that marketing is free.

Image: https://blog.startupprofessionals.com

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Rebuilding Trust Block by Block Stanford eCorner

GoldieBlox Founder and CEO Debbie Sterling recounts the difficulty of addressing defects resulting from the rapid ramp-up in production as demand exploded for the toy. She explains how she turned the setback into an opportunity to increase customer loyalty by publicly apologizing for the flaw and sending out a million new blocks along with personalized letters to every child.

 

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