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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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Tech is one of the fastest growing sectors in the economy with demand for qualified candidates often outpacing the supply. These tech roles offer above average salaries and many tech companies of all sizes are looking to hire highly-skilled talent as quickly as possible. Indeed, which continues to research small business hiring trends, has dissected what types of tech jobs are being filled at small companies nationwide. The firm compared those roles to those being hired more often at bigger companies.

Image: http://smallbiztrends.com

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Jean Chatzky

If you’re the parent of a child entering the workforce — this year or in the years to come — let me tell you from experience what you want for them: You want them to be highly employable. You want them to be the one getting the job interviews, the second interviews and, yes, the actual job. Now, more than ever, that means they need a resume that screams, “entrepreneur.”

 

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When it comes to entrepreneurship, the choices of what is the best path to take can vary between individuals. After all, taking the startup route can be a personal journey, full of many twists and turns. However, almost all entrepreneurs have to make decisions about accelerators.

But even with the rise of startup popularity and the number of accelerators across the country dedicated to assisting early-stage startups prosper, choosing the right accelerator for yourself can be one of the most impactful business decisions you can make. Not all accelerators are created equal – and choosing the wrong one can be detrimental to the success of your business.

 

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Security Protection Anti Virus Software Cms

Add cybersecurity to the list of fields where St. Louis is trying to build new businesses using an accelerator model.

With the creation of SixThirty Cyber, which plans to invest $10 million over the next five years, the St. Louis area has at least six business accelerator funds. Based on a survey the Brookings Institution published in February, the only U.S. cities with more are San Francisco, New York, Boston, Chicago and San Jose, Calif.

 

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Workplace culture is a unique sociological construct. While it may work in much the same way as any other type of culture does in a community (say, ethnic or religious culture), it differs in one major respect: it is inherently multi-cultural.

In South Africa this is particularly true, with the average workplace containing employees of all races, genders, religions, political affiliations and many other differentiating factors. This makes the creation and maintenance of a positive and unifying workplace culture all the more difficult – and all the more important.

Image: http://ventureburn.com

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books

What books or research have shaped your thoughts on the entrepreneurship journey?Here are the entrepreneurs who are answering today’s question:

Jeffrey Babin C’85/WG’91: Associate Professor of Practice and Associate Director of Engineering Entrepreneurship at the School of Engineering and Applied Science; Lecturer in Marketing and in Entrepreneurship at the Wharton School, Venture Initiation Program Advisor

Patrick Fitzgerald: Vice President for Entrepreneurship & Innovation at the Children’s Hospital of Philadelphia (CHOP)

Tyler Wry: Assistant Professor of Management at the Wharton School

 

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entrepreneur

I was lucky; it happens only once every 20 years that a new international financial institution (IFI) is created. The World Bank and International Monetary Fund were established after the Second World War in 1945, unrest in Asia and escalation of the Vietnam War led to the creation of the Asian Development Bank (ADB) in 1966 and the fall of the Soviet Union led to the creation of the European Bank for Reconstruction and Development (EBRD) in 1991.* In 2010, at the verge of the severest financial crisis in 80 years, the European Financial Stability Facility (EFSF) and later the European Stability Mechanism (ESM) were created.

 

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With its $23M bankroll, new venture capital firm has cash in hand, workspace to spare, and bandwidth to burn -- for outfits that want to call Newark home

A Newark-based venture capital fund that was launched with fanfare last year has now raised enough money to begin investing in technology startup firms willing to set up shop in the heart of New Jersey’s largest city.

Image: Some of the 25,000 square feet of new workspace in Newark that Newark Venture Partners will be providing startups through its venture-capital accelerator program. 

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2016 State of Entrepreneurship Address Kauffman org

The Kauffman Index of Entrepreneurship series offers in-depth measures of the people and businesses that contribute to America’s overall economic dynamism.

The series consists of reports and accompanying interactive data visualizations presenting entrepreneurial trends nationally, at the state level, and for the 40 largest metropolitan areas in these categories:

 

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With how much the label "millennial" is thrown around—and conflated with Generation Z— it's possible you are very confused as to which generation you belong. The following slides from Mary Meeker's 2016 Internet Trends Report should enlighten you (or infuriate you, if you've had it with these discussions): 

Image: https://news.fastcompany.com

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Marianne Hudson

Is the company you are investing in, or contemplating investing in, headed toward bankruptcy – or toward growth and profitability? Is it one of the walking dead – or on the verge of thriving?

A prime way to do your due diligence as an angel investor, especially for a follow-on round, is to understand the company‘s financial statements. There are easy ways to do this, even without a financial background.

 

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growth

Growth creates complexity, and complexity is the silent killer of growth. This paradox explains why only about one company in nine has sustained more than a minimum level of profitable growth during the past decade, and why 85 percent of executives blame internal factors for their shortfall, not external ones beyond their control. The roots of sustained performance start deep inside.

 

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When you think about the headliners at a music festival, it’s unlikely that the first person to pop into your head would be Martine Rothblatt—the founder of Sirius XM, the one-time highest-paid female CEO in the world who made a robot clone of her wife, and the founder of the Terasem religion, which believes we’ll live forever by uploading our consciousness to the cloud. But Moogfest, a four-day citywide festival of music and technology in Durham, North Carolina, was not the average music festival.

Image: Rothblatt at Moogfest. (Moogfest)

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The words "nerd" and "geek" are often used interchangeably, as if they mean the same thing. They actually don't:

geek - An enthusiast of a particular topic or field. Geeks are “collection” oriented, gathering facts and mementos related to their subject of interest. They are obsessed with the newest, coolest, trendiest things that their subject has to offer.

Image: http://bigthink.com

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idea

When I am giving lectures on entrepreneurship or networking with groups of would-be entrepreneurs, I am frequently asked ”But where can I find a good business idea?”

Initially I was surprised that so many people started with a need to be an entrepreneur, rather than starting with a business idea; but now I realise it is quite common. So I decided that I should blog about how to go about finding a business idea.

 

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money

They run the gamut, from a company that makes customizable condoms, to another that sells moonshine-based liqueurs, to yet another that bills itself as a social network for gamers.

These are not risquée fly-by-night enterprises; they’re part of the crop of startups that have joined StartEngine, one of the first approved equity crowdfunding portals. Thanks to Title III of the Jumpstart Our Business Startups (JOBS) Act, which went into effect in mid-May, they can now raise money by soliciting small-time investors who want to purchase shares.

 

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Jason Williams

People have to eat. It's that simple. You may put off buying a new iPad or another car, but you can't put off feeding yourself and your family. So when looking for the surest long-term investments, your best bet is to follow the food.

Regardless of your feelings on their GMOs, pesticides, herbicides, fertilizers, and unscrupulous business practices, agriculture companies like Monsanto (NYSE: MON), DuPont (NYSE: DD), and Syngenta AG (NYSE: SYT) are the only ones that can do anything to help battle the growing global food shortage.

 

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The business world is filled with starry-eyed entrepreneurs who hope that the blessings of angel investors and venture capitalists will transform their start-up dreams into companies with billion-dollar valuations.

But some successful start-ups have been bucking the trend by growing and expanding without taking a dime from major outside equity investors.

Image: Ron Rudzin self-financed his online mattress company, Saatva. Credit Bryan Anselm for The New York Times - http://www.nytimes.com/

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Piero Formica

To translate educational concepts into an entrepreneurial context requires a meeting of hearts and minds, unfettered by preconceived ideas and outmoded powerbases. There are plentiful public and private initiatives to encourage new businesses in every field. This is matched by increasing activity in academic thought.

A growing number of academics, practitioners and business people are aiming to broaden and as well as deepen their knowledge of how business and economies function. The generalist or polymath, so apparent in the Renaissance, is becoming more prevalent.

 

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california

SANTA CLARA, Calif.--(BUSINESS WIRE)--Applications are being accepted through July 31 for the seventh session of Santa Clara University's California Program for Entrepreneurship (CAPE) – a program for California businesses that is part startup accelerator, part entrepreneur incubator, and part mini-MBA bootcamp.

Unlike most entrepreneurship programs, CAPE is free, and the program takes no equity interest in the businesses it helps to launch.

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