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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.

NewImage

In meeting Maia Heymann and Nilanjana Bhowmik I’ve done it. I think I now have met nearly all the women in venture capital who are doing major technology deals in Boston.

I already know the other key players: Maria Cirino, cofounder of .406 Ventures, and Rudina Seseri, a founder of Glasswing Ventures.

Image: JESSICA RINALDI/GLOBE STAFF - Maia Heymann (left) and Nilanjana Bhowmik are starting a firm called Converge.

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new york city

NEW YORK, May 2, 2017 /PRNewswire/ -- VentureApp, a professional chat platform, today announced VentureMap New York City, an interactive network visualization of the city's tech ecosystem, in partnership with RRE Ventures. The map displays 3,043 investments into tech startups by angel investors, venture capitalists, incubators, accelerators, and more.

By mapping thousands of startup and investor relationships, VentureApp gives professionals the ability to surface common investor connections and trends in their community, search for relevant investors in their industry, and access other founders and investors directly and immediately via VentureApp's chat interface.

 

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quiz

Think of yourself as a bit of an entrepreneurship buff? Put your knowledge to the test in our quiz, which takes a look at the state of business in 2017...

If you’re after more juicy facts then why not have a browse through our recent Technology, Storytelling or Happiness series – all of which feature more quizzes, interviews, podcasts and in-depth features.

 

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NewImage

Becoming an entrepreneur is the in-thing now – it sounds cool and trendy. That’s fairly good news for the world; hopefully the world is becoming a better place. In a world where change is the only constant, the start-up scene is becoming more competitive. It is very important to understand the key traits necessary to become an entrepreneur that can deliver high-impact and meaningful results. 

Image: Mohd Atasha Alias, Founder of DigitalEconomist.co, named these ‘the triangle traits’.

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Benari

“What’s the problem?” I ask this question often.

I ask it after I hear a story that begins: “I have a great idea.” The storyteller goes on to tell me that this idea is going to lead to a company that will be wildly successful. A few years ago, the story would often end with the founder’s plan to go public in 5 years. These days it ends with a description of how the company will raise lots of money and become the next Amazon.

Sometimes the story comes from someone who hasn’t done much more than think about the idea. Or, they have shared the idea with a few buddies who fully agree that this is the best idea ever and they want to be part of it.

 

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money

Look out Silicon Valley, there’s a new innovation hotbed in town.

Read also: Resources for becoming an angel investor

For the second year in a row, Central Texas Angel Network (CTAN) has won the coveted #1 ranking at the Angel Capital Association’s annual ACA Summit in San Francisco.

THE REPORT At this summit, the Angel Resource Institute (ARI) released its HALO Report, comprised of national data and rankings of angel investor groups. The HALO Report awards the most active groups in each region and ranks each nationally — CTAN has been recognized as the most active angel group nationwide once again.

 

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Amit Garg, Principal, Samsung NEXT Ventures

Medicine is a field slow to adopt an innovation; after all, you are dealing with people’s lives and there is a very high bar for discarding old ways. That said, a huge percentage of the medical community will agree that tradition has often hampered the adoption of new technologies that can significantly improve communication, collaboration, and community.

Image: Amit Garg, Principal, Samsung NEXT Ventures - http://readwrite.com

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New York City 1890 Vintage Mulberry Street New York

One of the wealthier states in the country, Maryland residents are better off than the average American by a number of socioeconomic measures, regardless of place of birth. Some 10.8% of foreign-born state residents live in poverty, far less than the 18.6% poverty rate for immigrants nationwide and just 1.0 percentage point more than the 9.8% poverty rate for U.S.-born Maryland residents. Nationwide, the poverty rate among immigrants is 3.6 percentage points greater than for natural-born citizens.

 

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Startup Start-Up Start Up Start Startup Business

This May, as new college graduates charge out into the workforce, many will hunt for jobs at startups instead of big companies. In fact, according to a 2016 survey by Accenture, only 14% of U.S. graduates want to work at a large firm; 44% want to work in a startup or other small enterprise. Going to work at a startup has perks, from an informal atmosphere to faster on-the-job learning and more autonomy, but there are downsides, too. Before you assume that a startup is going to be your ideal first employer, make sure you know what you’re getting into. Based on my work in the startup world and with recent graduates, here are a number of challenges that young workers often don’t know they’re going to face.

 

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city

The U.S. unemployment rate is at a near-record low -- but some cities have sunnier job prospects than others. Indeed's latest report ranks the 25 best places for job seekers in the U.S., and wa rm weather cities in states like California and Florida clobber the competition. The career site looked at the 50 metropolitan areas in the U.S. with the most job postings, and evaluated them on four factors: work/life balance, salary compared to cost of living, job postings (weighted to interest) and job security/advancement.

 

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entrepreneur

Specific staffing choices and high investment levels can prolong the lifespan of corporate venture capital units.

At any given time of the day, somewhere on this planet, a C-suite executive is losing sleep over one simple question: “Will our business be disrupted before I even know it?”

No industry is safe from disruption now. With each start-up wave turning up the heat, plenty of incumbents seem to have reached one conclusion: If you can’t beat them, engage them. A popular means of engagement has been to create a corporate venture capital (CVC) unit. Before 2004, fewer than 200 such units existed worldwide. By the end of 2015, their number had grown to more than 1,500.

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tunnel

As you might expect, people like to talk innovation and entrepreneurism with me. They want to know what it’s like to live the life of a startup. When did I decide to go out on my own? How did I know it was the right time?

And, inevitably, they ask me if I think they have the right make up to do it, too. Could they make it as an entrepreneur?

 

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budget

If there was any doubt that a Republican-led Congress might give a strong boost to federal science spending, the Trump administration probably sealed the deal.

With its call in March for a mammoth $6-billion cut in the annual budget of the National Institutes of Health, the administration appears to have done more than anything else to energize the science community and supportive lawmakers, advocates said.

 

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technology

Throughout history, there are so many incredible Science, Technology, Engineering, and Math (STEM) innovators whose lives we don’t even know about. For instance, if you ask most people who first dreamed up the radio, they’ll tell you it was Guglielmo Marconi — even though it was proven in court that Nikola Tesla deserved the credit. Ask your friends about who invented the answering machine or who holds the record for the most mathematical papers and you’ll probably only get blank stares in return.

 

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Elon Musk Shows Off A Boring Tunnel Network To End L A s Traffic Jams

Elon Musk wants to dig a 3D network of holes underneath Los Angeles to alleviate roadway traffic. He offered a conceptual look at how such a system of tunnels would work in a video today during his interview at the 2017 TED Conference.

Elevators that look like simple parking spaces would take cars beneath street level to underground roadways, where the cars could speed along at 130 miles per hour. A person could theoretically get from Westwood to Los Angeles International Airport in 5 to 6 minutes—a commute that normally takes around 40 minutes.

Image: https://www.fastcompany.com 

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innovation

A new of wave innovation is sweeping across the nation, creating new jobs and opportunities for millions of Americans.

This can be seen in places like Provo, Utah, which has a thriving startup ecosystem, including companies focused on security, on-demand services and business management software.

It can be found in Detroit, which is building an economic recovery story fueled in no small part by entrepreneurship and investment in automotive tech.

It is happening in Charleston, S.C., the home of the Silicon Harbor, which is churning out some of the fastest growing companies in America.

 

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ifit logo

High-growth, innovation-based entrepreneurship creates the jobs, companies, and industries of tomorrow and is a vital component of spurring innovation and economic growth in developed and developing countries alike. But high-growth entrepreneurship flourishes best in the context of supportive ecosystems where access to skilled talent, mentors, incubators, partners, capital, knowledge (e.g., universities), and even venturesome consumption thrives. Recognizing this, cities throughout the world have gotten much more sophisticated in creating supportive ecosystems in which startup entrepreneurship can thrive. Join ITIF as the World Bank’s Victor Mulas presents new research on the World’s Best Startup Ecosystems and we hear from practitioners leading the development of innovation ecosystems in leading and revitalizing cities including Boston, Buenos Aires, Tel Aviv, and Detroit.

 

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Steve Case on Tennessee s Emerging Startup Ecosystem YouTube

Steve Case is co-founder of AOL and CEO of Revolution, LLC, a DC-based investment firm that supports entrepreneurs outside the coasts. Revolution’s “Rise of the Rest” develops emerging startup ecosystems, such as the ones all across Tennessee. Case believes high-growth companies can start and scale anywhere, not just in NYC or Silicon Valley, and that all entrepreneurs deserve a chance to succeed. In fact, the Launch Tennessee network has accelerated 430+ companies since 2013.

 

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