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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.

money tree

Wake Forest Baptist Medical Center has created a $15 million program to develop the ideas, discoveries and inventions of its faculty and staff members into life-science technologies that can benefit patients. The Technology Development Program will be operated by Wake Forest Baptist in partnership with Pappas Capital, a science investment firm based in Durham. Pappas Capital will manage the money for the program with Wake Forest Innovations, which is responsible for accelerating the commercialization of the specialized research capabilities for licensing to established companies or startups.

 

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question

THE MAJORITY REPORT: Who’s making the big bets in venture capital? A whole lot of white males. A list of 552 venture capitalists from top-flight firms, compiled by The Information and Social+Capital, found that 92% of senior teams are male—and 78% are white. Asians made up the second largest ethnic representation at 20 percent. These results, note Peter Schulz of The Information, “are way worse than the diversity breakdown at major tech companies, where 23% of leadership teams are female and 77% male.” Here's the full spreadsheet.

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singapore

A flurry of activity in Singapore's venture capital (VC) market in the past month highlights just how excited global investors are about Southeast Asia's flourishing start-up scene.

Jungle Ventures and Beenext, a fund set up by the founder and former CEO of Japanese e-commerce operator Beenos, are among firms who have raised cash to invest in the region's booming e-commerce sector, where growing wealth and explosive smartphone growth is stoking demand for everything from home furnishers to local versions of Amazon.

 

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NewImage

Health care remains one of the few services that require people to have a face-to-face interaction to obtain access. But more and more consumers are questioning that reality, and change is on the way. In January 2015, the Centers for Medicare and Medicaid Services (CMS) issued a new provider reimbursement code for non–face-to-face health care services for patients who have chronic medical conditions. A new CMS code may seem like a tiny matter, but this one emblemizes a larger shift toward delivering health services independently of time and place, enabled by technologies such as smartphones, sensors, and wireless health-monitoring devices — what we in the field call telemedicine.

 

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digital

MARLBOROUGH, Mass., Oct. 7, 2015 /PRNewswire/ -- Boston Scientific BSX, -0.83% this week announced the start of the Boston Scientific Connected Patient Challenge, an open innovation contest designed to encourage advancements in the use of remote patient monitoring to enhance patient care. Until January 5, 2016, clinicians, engineers, designers and entrepreneurs can submit their ideas and collaborate on solutions through Medstro's social networking site (www.Medstro.com).

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Thai Nguyen writes from the intersection of success, psychology and spirituality, and invites readers to embrace a holistic lifestyle. He was born in Vietnam, raised in Australia and earned a BA in Humanities in Texas. Nguyen has been a five-star chef and an international kick boxer but is now a spiritual teacher and writer. He’s currently living in Cusco, Peru, finishing his book on the power of stories in shaping our lives. You can follow his work at TheUtopianLife.com or connect with him on Twitter and Facebook

Entrepreneurship goes hand-in-hand with innovation — the ability to produce new ideas; provide better solutions; and pioneer new products. The most successful entrepreneurs are not simply the hardest working, they’re the most innovative. You can hustle and put in 80-hours each week, but if you're not stretching your innovative muscles, you’ll never achieve breakthroughs and success.

 

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Andrew Freedman

The world's third-ever global coral bleaching event is now underway, according to the National Oceanic and Atmospheric Administration (NOAA) along with a consortium of other researchers around the world. Mashable first reported the strong possibility that a global event would be declared in October, pending observations of coral bleaching in the Caribbean and Bahamas, which has now taken place.

 

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questions

Startups love to talk about being in "stealth mode." It sounds so sexy, clandestine and illicit, doesn't it?

The realities of "stealth" are not always so sexy. In fact, it's fairly debatable if companies should even operate in stealth.

Some startups want to stay super secretive to prevent someone else from stealing their idea. Others believe that staying quiet builds a bit of allure around your brand, which could turn into anticipation or buzz — the dream of many budding entrepreneurs. This infographic paints a sobering picture of the reality — that 100 million startups launch every year. Is yours that special or newsworthy?

 

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money from brazil

Back in 2013, U.S.-based retailer Target had what many thought was a brilliant strategy for its first international expansion. By purchasing the leases of failing Canadian discount chain Zellers it could open more than 100 stores in the country within a matter of months. The expansion plan seemed straightforward but it didn’t take long for things to unravel. The inherited urban locations turned out to be an awkward fit for Target’s middle-class brand positioning, while the company’s hasty expansion left key supply chain issues unsolved, causing too many shelves to sit empty. By the time Target pulled out of Canada two years later, the venture had incurred approximately $2 billion in net losses and left nearly 18,000 people unemployed.

 

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NewImage

Emotiv uses EEG signals to monitor emotions — including what audiences are feeling, in real time, about a movie or TV show.

Open Bionics creates low-cost 3-D printed bionic hands for amputees — including kids who can get “Iron Man,” “Star Wars” and “Frozen”-themed limbs.

Im Person is trying to pioneer “interactive storylines,” using artificial intelligence so fans can message their favorite characters, including Miss Piggy of “The Muppets.”

Image: http://variety.com

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ice cream

Researchers from the Universityof Edinburgh and the University of Dundee, both in the United Kingdom, discovered that a protein called BsIA, normally found in large bacterial communities in structures called biofilm, can be used as an ingredient to keeps everything combined in ice cream. This protein changes some of ice cream's usual properties, including making the texture smoother and causing it to be more resistant to melting than conventional products.

 

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NEIL PATEL

Lots of people want to start a business. But not everyone has what it takes. The proportion of those who merely want to be entrepreneurs will always be higher than that of the few who actually start a business. The simple reason is that not everyone is cut out for the rigors of entrepreneurship.

 

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MIT President L. Rafael Reif on the Solve stage earlier this week.

MIT is taking perhaps its biggest step yet to combine free online classes with its traditional on-campus instruction. The university announced Wednesday at its Solve conference that it will allow students to obtain one of its master’s degrees by doing half of the coursework online—from anywhere, for free, without any admissions tests—and then doing the other half in a single semester on campus.

 

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NewImage

Mobile devices such as tablets and smart watches could become quicker to charge and slower to run out of juice thanks to a new approach to designing batteries from Microsoft researchers.

The battery inside any given gadget today typically has one particular chemical design that defines its capacity and how quickly and efficiently it can charge and discharge. Our devices might be much improved if they instead had multiple smaller batteries, each with slightly different chemical makeups and performance, says Ranveer Chandra, a principal researcher at Microsoft.

Image: http://www.technologyreview.com

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NewImage

In the final installment of his four-part series, Sw7 co-founder Keith Jones examines the road ahead for Africa’s tech innovation ecosystem and the opportunities for startups within it.

As we have seen from the previous three articles, getting an innovative business to market, creating a high growth business and getting it funded is quite a challenge.

 

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workspace

Angel investors often say they are looking for entrepreneurs with integrity.

After nearly 25 years of teaching entrepreneurship, I still struggle to explain what that means. But over the last two weeks, I had three successive speakers in my entrepreneurial finance class that have provided me with a concrete example of what investors mean.

This week, I want to share this insight.

 

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touchdown

I know what you’re thinking: I am tired of not moving things forward enough in my business. I’m here to tell you that the reason why this is happening is because you are not measuring yourself against business goals. Are you one of these people who says, “Why set goals if you never end up meeting them?” Or you know you should set goals, but you haven’t quite gotten around to it (like backing up your data or keeping your antivirus software up to date). I encourage you to shift your thinking about goal setting. When you take the time to set goals and follow through on those, it is an investment that pays. Here are six ways to look realistically at your business and create meaningful business goals.

 

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austin texas

Cities get ranked in numerous ways — by income, hipness, tech-savviness and livability — but there may be nothing more revealing about the shifting fortunes of our largest metropolitan areas than patterns of domestic migration.

Bright lights and culture may attract some, but people generally move to places with greater economic opportunity and a reasonable cost of living, particularly affordable housing.

So who moves? Census data suggests that it is primarily the young — those aged 25 to 34 — followed by people approaching retirement. Family and friends are a big motivating factor in both age groups. According to the moving company Mayflower,   one in four millennials aged 18 and 34 moved back to their hometowns over the past five years. At the same time seniors also express a strong desire to live close to their children and grandchildren; most elderly who do not make such moves age in place.

 

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