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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.

MeiMei Fox

Today’s young people are as concerned with making a positive impact on the world as they are with making money. A whopping 94% want to use their skills to benefit a cause. Meanwhile, only half of Americans have confidence in the free market system, down from 80% just 15 years ago.

Against this backdrop, social enterprise has taken off as a new formula for success, combining capitalism with a do-gooder mentality. These self-funding, for-profit businesses also have a mission to tackle global issues such as alleviating hunger, improving education, and combatting climate change.

 

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teacher

A 300-acre green campus in Bengaluru is all set to welcome students who are serious about becoming entrepreneurs. The Kautilya Entrepreneurship and Management Institute (KEMI), an initiative of Jain University – one of India’s leading private universities  – aims to provide aspiring entrepreneurs end-to-end support for enterprise creation – from entrepreneurship education to seed funding, incubation and lifetime mentoring.

 

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HNewImageow To Tell If You’re An Entrepreneur from Minute MBA by OnlineMBA.

Entrepreneurs aren’t like most people. They see opportunity where most people see dead ends. They value taking risks more than they fear making mistakes.

If this sounds like you, you might be a born entrepreneur. “How to Tell If You’re an Entrepreneur” breaks down four of the most common characteristics of business owners. Did you start young?

Image: https://www.fundera.com

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David K. Williams

What is a Zentrepreneur? It’s an inside-out executive who remains calm under every circumstance while adding value to the world and achieving impossible goals.

 In the words of Ron Rubin, owner of The Republic of Tea (founded by the same executives behind The Banana Republic), “While an entrepreneur creates a business, a Zentrepreneur creates a business and a life.”

“While an entrepreneur pretends to know what’s next, a Zentrepreneur imagines what’s next and believes in it deeply,” he said in an interview with Awareness Magazine. “Believe. There is no bigger word. None.”

 

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Dollars Dollar Bills Banknotes Money

Fenwick & West's latest survey on venture capital terms of 195 financings reflects continuing weakness in the backing of startups.

The weakening in venture valuations that began in the second half of 2015 continued in this year's second quarter.

"Valuation metrics have fallen from all-time highs in mid-2015 to now being generally flat with their 12-year average," said Fenwick & West's Barry Kramer and Khang Tran in their latest quarterly Silicon Valley Venture Capital Survey. Fenwick & West examined 195 venture financings, handled by a range of law firms, for companies based in Northern California.

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Catherine Fisher

When it comes to pursuing work greatly, it’s not what we do that matters, it’s how we do it that can change the trajectory of our careers. This sentiment is what inspired our “Every calling is great if greatly pursued" series. We traveled around the world to talk to LinkedIn members who are pursuing their work greatly. Along the way, we learned that self-belief doesn’t come easily but there are steps you can take to build your confidence.

 

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Businessmen Competence Experience Flexibility Know

During vacation season, making even the slightest progress can seem like a Sisyphean task. You can’t schedule that important meeting, because the key players are on holiday. You have no idea where to find the data you need, because your analytics staffers are off the grid. And you can’t finalize the pitch deck, because your boss isn’t around to greenlight it. Being at work can seem pointless and frustrating when you’re the only one trying to keep things on track.

 

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innovation

The resignation of Temple University’s president, Neil D. Theobald, last month is a story that is becoming all too common in higher education: A new leader takes over with much fanfare, only to be ousted within a few years (in Theobald’s case, just three years).

At a time when higher education is under tremendous pressure to reinvent its financial model and remake its curriculum for a digital age and a diverse student body, who will — and perhaps more important, who can — run colleges and universities for this new era is a question increasingly being asked by trustees, faculty members, and policy makers.

 

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Forest Vista Tour

Seven years ago, Krista Berlincourt stepped out of the office, walked to her car, sat down and hoped for divine inspiration. She had just gotten off the phone with a New York Times reporter, one of 87 calls she’d received from every major news outlet over a 48-hour window. Her company was in the midst of a firestorm, as the personal data of an estimated 800,000 customers had vanished on their smartphones. At the time, it was described as “the biggest disaster yet for the whole concept of cloud computing” and is still one of the largest mobile data outages in history. She was the last to leave that day, as the media waited for her response.

 

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Piero Formica

Open innovation (OI) has to be regarded not just as a toolbox, but first and foremost as a mindset. This is a firmly held opinion by communities of industrialists and scientists in Bangalore whose greatest strength is the cultural interaction. Among the world's major hubs of the IT industry, the capital of the Indian state of Karnataka attracts, retains and releases talents in international mobility.

 

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NewImage

If you watched TV in the 1980s, you probably remember the Head & Shoulders shampoo commercial warning, "You never get a second chance to make a first impression."

Now new research suggests that this isn’t entirely accurate, though the news isn’t good for anyone who is trying to improve perceptions.

NAUGHTY TO NICE, OR NICE TO NAUGHTY For a paper called "The Tipping Point of Moral Change: When Do Good and Bad Acts Make Good and Bad Actors?" published in Social Cognition, Nadav Klein and Ed O’Brien, psychological scientists at the University of Chicago, ran several experiments designed to discover how quickly people are willing to change impressions.

Image: Flickr user FAndrey

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Raoul Davis

Innovation is a critical driver of many well-known brands. Think about it: If you are not offering something fundamentally new, then how do you plan to get attention?

I’ve spent the last decade contemplating this unique relationship between innovation and PR/branding. After all, the most noteworthy brands of the year (Google, Apple, Facebook) all got to where they are by innovating. As the CEO of a branding company, I often guide my clients to creating a brand that is not only well known but is well known for being innovative.

 

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leader

New CEOs are faced with a bewildering array of choices, so it’s crucial for them to take a data-driven look at potentially major moves—and to know when to make them.

How does a new CEO get off to a great start? The best leaders move boldly and swiftly to transform their companies as they are transitioning into the new role. In this episode of the McKinsey Podcast, partner Michael Birshan and associate partner Thomas Meakin talk with McKinsey Quarterly editor in chief Allen Webb about their research into the strategic moves of nearly 600 CEOs, as well as how those moves influenced company returns and the CEOs’ tenure. An edited transcript of their conversation follows.

 

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contact-us-pixa

Contrary to popular opinion, viral marketing has not eliminated the need for old-fashioned lead generation to bring customers to a startup. Indeed, while the rules and technologies for lead generation have changed, Forrester and other experts still see it as the most effective way for businesses with limited budgets to maximize their return on marketing investment (ROMI).

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