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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.

NewImageBabson College, the educator, convener, and catalyst for Entrepreneurship of All Kinds®, is sharing its mission with the world through those who know it best – its alumni.

The College has launched a new fully integrated brand campaign. In movie-like advertisements, the campaign features its entrepreneurs of all kinds taking their Babson knowledge and experience, and putting it into action to make a positive difference.

Image: http://www.babson.edu

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stop

There’s plenty of time for change management once we’ve demonstrated new models worth changing into. Exploring and testing new business models is strategy development before it’s change management. Business model innovation is a persistent and generative exploration of entire new ways to create, deliver and capture value. Leaders vested and working in the core must be prevented from leaning against and blocking ongoing R&D for new business models. When we treat business model exploration as change management we are too likely to squash any concept that feels transformational or disruptive. We have to make business model reinvention safer and easier to manage.

 

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people

Today’s workforce is more generationally diverse than ever before. With more professionals delaying retirement—either by choice or necessity—organizations now have employees from as many as four different generations working side by side. Soon, for the first time in history, a fifth generation will join the mix.

For Nicholas Pearce, a clinical assistant professor of management and organizations at the Kellogg School, this generational diversity can be an asset, not a liability. But it is up to business leaders to make the most of the shift in demographics. “If it’s not leveraged, diversity can lead to chaos and confusion.”

 

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ottowa

Ottawa is now accepting applications for its new immigrant investor program, which aims to provide up to 60 “high-net worth immigrants” a path to permanent citizenship in exchange for a sizable contribution to the program’s investment fund.

The Immigration Investor Venture Capital Pilot Program replaces the government’s previous Federal Immigrant Investor Program, which was cancelled last year following criticism relating to lax requirements and the opportunity for fraud.

 

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globe

Some American graduate-degree-seeking students dismiss studying abroad as a tenable alternative to attending a school in the U.S.

Jaime Ortega, associate professor of management and MBA program director at Charles III University of Madrid, said via email that he finds students from the U.S. to have "much less information" about schools outside of the country.

This lack of information can deter young adults from expanding their program options to include non-U.S. institutions. Read on to learn about four common myths about earning a graduate degree abroad, and, more importantly, the facts that quash them.

 

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risk

David Steinberg knows how to make the most of a situation. At 22, he turned the basement of his Bethesda, Maryland, home into an office for his first startup, Sterling Cellular, using every dime of his savings and maxing out all his credit cards to fund the company.

That was back in 1992. Unlike many of the startup founders of today, Steinberg hadn't dreamed of running his own company when he was in college. "I became an entrepreneur because I had no choice," says Steinberg. "I had no job."

 

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todo list

The hardest thing about working independently is, well, being independent. When no one is looking over your shoulder and you get to set your own goals and deadlines, things can go sideways pretty quickly.

Your inner voice tells you that the task needs to be completed, but you lose focus (about every 59.5 seconds) and the setback can lead to self-doubt, which can throw you into an that research has shown to increase stress.

 

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present

Ruth Sherman prepares CEOs, Oscar-winning celebrities and entrepreneurs for public speaking and video opportunities. She recently spoke with Small Business Trends in an exclusive interview regarding the art of giving a great speech, whether live or as a video presentation.

Many tend to avoid public speaking, mainly out of fear. However, this is something the great public speakers seek to benefit from rather than eliminate. The ability to give great speeches can help you thrive in other important areas of business, Sherman believes.

 

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As the sun rose over an ash-pale stretch of Arizona desert sprinkled with saguaro cacti—a Western scene straight out of Central Casting—25 millennials emerged from bunks on refurbished 1950s Pullmans, grabbed coffee, and began to work.

This is the third voyage of the Millennial Trains Project (MTP), the brainchild of Patrick Reilly Dowd, 27. The train offers the millennial innovators on board 10 days of fellowship, mentoring, and project development as it trundles toward the final destination: Washington, D.C. The train will also make stops in San Antonio, Austin, New Orleans, and Atlanta. In each city, the participants have arranged meetings, meetups, interviews, pop-ups, and other engagements to help out test their various ideas for transforming society.

Image: http://www.fastcompany.com

 

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Throughout much of human history, economic output was firmly yoked to the size of a country’s labor force. Because productivity growth was negligible, the countries with the largest populations, such as China and India, could put the most people to work. They reigned as the world’s largest economies. Things changed suddenly during the late 1700s. A number of economic, institutional, and other factors coalesced in England to unleash the Industrial Revolution, which was transformational — at least in the handful of Western countries that rose to dominance through their economic prowess and resulting military and political power. Everyone else fell behind.

Image: Illustration by Lars Leetaru

 

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ashoka

Something remarkable happened in the three years between 2008 and 2011 that fundamentally challenged our perception of leadership. It has caused such a revolutionary shift that we could soon look back on the very notion of leadership in the same way we now view the strict rules of 18th and 19th century etiquette: a slightly curious relic of an older age that stifled self-expression and personal growth.

 

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Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.” I always wonder what is more important to them on an ongoing basis than changing the world, since their startups usually never materialize.

Image: http://blog.startupprofessionals.com

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Stanford s Entrepreneurship Corner Kathleen Eisenhardt Stanford Technology Ventures Program Crafting Simple Rules

Stanford Management Science and Engineering Professor Kathleen Eisenhardt discusses how a multinational company developed a set of rules that greatly simplified how to evaluate and choose new businesses with which it should partner. Eisenhardt draws the example from her book "Simple Rules: How to Thrive in a Complex World," which she co-wrote with MIT Senior Lecturer Donald Sull.

 

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singapore

Singapore consistently ranks as one of the world’s most innovative nations. The World Bank calls Singapore the easiest place in the world to do business. Singapore has even been the subject of a Harvard Business School innovation case study by strategy guru Michael Porter. Over its 50-year history as an independent city-state, Singapore has earned a reputation as an innovation hub at the cutting-edge of modern business, yet most Americans would be hard-pressed to name a single innovative company from Singapore other than maybe Singapore Airlines.

 

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Zach Ferres

No startup strives for mediocrity. The word "mediocre" derives from the Latin mediocris, which literally means “halfway up a mountain.” Fearless entrepreneurs who aim to go higher typically employ innovation to pave the way to their industry's summit.

But all too often, growth sweeps in and sets in motion a downward spiral toward mediocrity.

 

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Predatory ‘patent trolls’ could soon find it harder to operate in the United States. Legislation to curb frivolous patent lawsuits has regained momentum after lawmakers in the US Senate added a provision to stop university patent holders from being penalized along with the trolls.

Image: Transgenic mice were the subject of a recent patent-licensing fight in the United States. Maggie Bartlett, NHGRI/Wikipedia

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What is the relationship between money and psychology? 

What is the secret to happiness? 

What is the meaning of life?

These are the kinds of deep questions TED Talks have long been exploring. Now, with the help of IBM's cognitive computer Watson, the answers may be just a click away.

Watson, an artificially intelligent computer that doesn't just follow commands but learns over time, ingested about 2,000 TED Talks and organized them based on the content of the lectures.

It maps out talks by topics and insights about the speakers, allowing users to easily browse the vast TED archives.

Image: http://www.businessinsider.com

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