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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.

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The global economy is performing well below its potential on growth and on distribution because of three mismatches: between aggregate demand and aggregate supply; between investment needs and investible funds; and between the promise and the pitfalls of technological change.

First, aggregate demand is deficient relative to aggregate supply. When looking at output gaps, as the IMF has done, the picture is one of persistent underperformance of the global economy, seen to be in the range of 1.5 per cent to 2 per cent of GDP more than five years after the Great Recession.

 

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A fund that came out of the Florida Angel Nexus network has raised $5 million with plans to raise another $20 million to invest in early stage life science and technology companies, according to the Orlando Business Journal.

The FAN Investors Fund targets what it considers Florida’s emerging market — probably the first time I have heard emerging market and Florida used together.

Image: http://medcitynews.com

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Shark Tank s Daymond John Reveals His Worst Mistakes

The founder, president, and CEO of FUBU learned the hard way how shortcuts can lead to dead ends.

4 SHARES ••• The brand was super hot—so why not put out a FUBU album? Oh, there are reasons. And here, FUBU CEO and Shark Tank investor Daymond John discusses them frankly and honestly. That, and other valuable insights on this edition of #BehindTheBrand from an entrepreneur who has quite literally written the book on branding.

 

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Among the vexing challenges facing the middle class is one that will probably go unmentioned in the next presidential campaign: What happens when the robots come for their jobs?

Don't dismiss that possibility entirely. About half of U.S. jobs are at high risk of being automated, according to one recent study. And the middle class may be disproportionately squeezed. Many lower-income jobs, such as gardening or day care, don't appeal to robots.

 

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Digital Zeros Ones Woman Stylish Internet Network

The Internet of Things (IoT) is an exciting concept, a future where "billions of things are talking to each other," as technology consulting company SAP describes it. We’ve seen gadgets and domestic appliances connect to the Internet and ping your smartphone with info, but it’s becoming more clear that these toys are a prelude to a vastly connected world. And yet, we spend most of our day at work. Here’s how technologists think the world of IoT will change the workplace—and how it’s already changing how we do business today.

 

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A model baseball franchise, the Royals developed talented young players into major league stars. Their brand of baseball made Kansas City perennial playoff contenders, winning two American League pennants and the World Series in 1985. Moreover, the team boosted civic pride and generated several billion dollars of economic activity for the city.

Image: http://www.kauffman.org

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A better way to understand internal rate of return McKinsey Company

Executives, analysts, and investors often rely on internal-rate-of-return (IRR) calculations as one measure of a project’s yield. Private-equity firms and oil and gas companies, among others, commonly use it as a shorthand benchmark to compare the relative attractiveness of diverse investments. Projects with the highest IRRs are considered the most attractive and are given a higher priority.

 

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Richard Branson

I’m often asked, "What does it take to be the boss?" It’s a hard question to answer, because in my opinion there are two types of bosses: managers and leaders.

When I started out in business, I did so to make a positive difference. I wasn’t determined to organise or direct people, but instead work with them to change the lives of others for the better. I feel that this is the role of a leader.

 

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innovation

Two recent articles on innovation — The Harvard Business Review’s “Please, Can We All Just Stop Innovating?” and the Wall Street Journal’s “You Call That Innovation?” — caught my attention and got me to thinking. Both lamented the rise of innovation labs across the business-scape that start out with good intentions but tend to fall short of delivering.

Indeed, it seems as if even the word innovation has lost its boldness, its impact, its edge…simply because the labs and innovation officers aren’t really producing anything monumental or substantive.

 

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Leslie Collins

One year into operations, Technology Accelerator Partners LLC already has received a prestigious national honor. The Overland Park-based private capital development company received the "America's Most Promising Technology-based Economic Development Initiative" award from the State Science and Technology Institute, a national organization dedicated to improving initiatives that support prosperity through science, technology, innovation and entrepreneurship.

 

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innovation

There’s a reason companies like Google and Facebook offer their employees so many perks, according to new research: firms that treat workers better are more innovative.

In a recent working paper, currently under review by the Journal of Corporate Finance, researchers from Monash University and LaTrobe University in Australia compared a common measure of worker treatment to patent data, and found that companies with higher worker treatment scores produced more patents, and more highly cited patents.

 

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Issued: London, UK

  • 40 potential new medicines and vaccines offer significant opportunity to drive long-term performance and deliver new benefits to patients and consumers 

At a presentation to investors in New York today, GSK described a deep portfolio of innovation, focussed across six core areas of scientific research and development: HIV & Infectious diseases, Oncology, Immuno-Inflammation, Vaccines, Respiratory and Rare Diseases. Around 40 new potential medicines and vaccines were profiled, supporting the Group's outlook for growth in the period 2016-2020 and the significant opportunity the Group has to create value beyond 2020.

 

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Austin-based author and artist Sunni Brown makes sense of problems through her dual talents: writing and doodling. She runs consulting firm Sunni Brown Ink, where she helps businesses solve problems using a visual mapping system she calls infodoodling. She's written two books about unlocking creativity, Gamestorming (2010) and The Doodle Revolution (2015), and has just begun working on a third.

But before she helps others unlock their creative potential, she has to channel some inspiration for herself. Here's how she does it:

 

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When starting college, dining-hall food is rarely something students look forward to.

But at some schools, it has become a gourmet experience.

To determine which schools are stepping up their food game, we looked at noteworthy rankings from outlets with expertise in colleges and food: The Daily Meal, The Princeton Review, and Niche.

Image: UMass Dining/Facebook

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In Silicon Valley, you can't escape bubble talk.

On one side of the ring, Benchmark investor Bill Gurley, who was an investor during the dot-com bubble, has been sounding the alarm that companies are overvalued.

Image: Stuart Isett/Fortune Global Forum

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Adam Toren

Entrepreneurs usually keep a densely packed schedule to try to fit as much work as possible into their waking hours. There’s always something else to be done and more you’d like to achieve, so how do you keep your day running efficiently without being overrun by the demands on your time?

 

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business jet

Becoming a millionaire isn’t an accident. It takes business owners decades to accomplish this rare feat. Many people look at these successful individuals and assume they must be lucky or born into wealth. But in reality, this is usually far from the truth. Becoming a millionaire takes work, focus and productive habits.

 

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ATLANTA, November 3, 2015 – Site Selection magazine publisher Conway Inc., in concert with data and analysis contributors Moody's Analytics, Oxford Economics and Tractus Asia, has published the 2015 edition of The World's Most Competitive Cities, a unique index of recent economic development success and future potential in metro areas across the globe.

"World's Most Competitive Cities - 2015"

Combining real-world project data with focused area analysis, the report measures city performance across 12 business sectors central to national and regional economies. At the report's center is Conway Inc.'s proprietary Conway Projects Database, which tracks private-sector corporate facility investments worldwide.

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