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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.

camel

Camels are so well adapted to the desert that it's hard to imagine them living anywhere else. But what if we have them pegged all wrong? What if those big humps, feet and eyes were evolved for a different climate and a different time? In this talk, join Radiolab's Latif Nasser as he tells the surprising story of how a very tiny, very strange fossil upended the way he sees camels, and the world. This talk comes from the upcoming PBS special TED Talks: Science & Wonder, which premieres March 30th at 10 p.m. ET.

 

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Mark Suster

Many startup businesses – tech or otherwise – fail. In our industry we applaud the efforts for entrepreneurs to have tried and we know that today’s failure can bring the experience for tomorrow’s success. We also know that even though many of us who are experienced in startup successes & failures look at businesses and say, “That will never work” (as many people said about Uber) or “You can’t make any money in that business” (as many said about WhatsApp or Dropbox) and of course some entrepreneurs pull off extraordinary things we never thought possible.

 

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Jeff Engel

Ready or not, equity crowdfunding is coming to the U.S. this spring.

The funding mechanism allows companies to sell shares of their firms to the general public (not just accredited investors) through online portals. The practice has already gained traction in places like the U.K. in recent years, but it has taken a while to arrive in the U.S., as regulators carefully weighed oversight rules.

The SEC finalized those rules last fall, and they’re scheduled to take effect in May. What happens next is still anyone’s guess.

 

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Harvard University Cambridge Massachusetts School

On Thursday, America's insanely competitive Ivy League schools will announce their admissions decisions.

America's Ivy League schools — Brown, Columbia, Cornell, Dartmouth, Harvard, Princeton, University of Pennsylvania, and Yale — have some of the most competitive admissions standards in America. In fact, Harvard is America's hardest college to get into, according to rankings from academic-review site Niche.com.

 

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wearable technology

You might not be as active or as fit as your fitness wearable device is telling you. According to a new scientific study, many such leading wearables are inaccurately reporting the amount of calories burned each day compared to traditional calorie counting methods,

As reported by Mobi Health News, JAMA Internal Medicine published a scientific paper yesterday authored by Japanese researchers from Tokyo’s National Institute of Health and Nutrition. The researchers found many popular fitness wearables registered an error margin of about 200 calories per day when measuring energy expended.

 

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NewImage

Many entrepreneurs assume that everyone will love their solution as much as they do, so they tune their marketing focus based on their own needs and wants. That’s the right place to start, but real growth and scale requires attracting customers who are not like you. Expanding your market into these areas requires thinking outside your personal box.

For example, Starbucks found initial success with professionals aged 25 to 40 in urban areas and with moderately high income but later looked to a new market of millennials who wanted a place to sit and chat, study or work. More dramatically, both Facebook and YouTube started out focusing on people dating but expanded their focus when they found dating was giving them limited growth.

Image: http://blog.startupprofessionals.com

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NewImage

It sounds like something from a daydream, but Australian surfer Soli Bailey recently lived any nature lover's fantasy by sharing a wave with a wild dolphin. 

That's a wholly unique life experience for Bailey — but the rest of us get to enjoy an enchanting photo from the chance encounter. 

SEE ALSO: Inside Mavericks, big-wave surfing's gnarliest contest

Here's Bailey and his unidentified dolphin homie making the rest of us jealous. 

Image: http://mashable.com

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NewImage

ROCKVILLE, MARYLAND, March 24, 2016 – At its first Demo Day on March 23, Relevant Health, a health technology startup accelerator in the Washington, DC metro area, hosted a group of more than 150 investors, industry leaders and top technology company representatives to experience first-hand the progress of the accelerator’s seven health tech startups. Coming from Bethesda, Rockville, Washington, DC, Baltimore, New York City and Latvia, the startups are developing a wide range of health tech products and devices to meet the healthcare needs of a diverse patient population. The new accelerator is supported by BioHealth Innovation (BHI), ProductSavvy and Montgomery County Economic Development.

Relevant Health also announced yesterday its new line-up of investors, including: Alexandria Real Estate Equities, Maryland Department of Commerce, and the newly formed Montgomery County Economic Development Corporation, as well as other private angel investors.

 

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weather

In the highly complex world of risk management, mistakes, shortcuts and a lack of planning or regulation can lead to grave consequences if and when disaster strikes. But the digital revolution of the past several decades has contributed a number of innovations to help risk managers craft more effective and airtight strategies for facing such situations.

At a recent conference marking the 30th anniversary of Wharton’s Risk Management and Decision Processes Center, experts in the field discussed new products and solutions for addressing challenges associated with current and emerging risks. Panelists noted that science and technology play a key role in improving the modeling of risks and developing strategies for reducing future losses and aiding recovery.

 

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Beth Miller

For most entrepreneurs, the first sales rep is their riskiest hire, especially if it's a bad one. According to SalesPeak Recruiting, the cost of a bad hire can be over $500,000.

This came home to me recently during a meeting I had with a business owner in my Vistage group. Her name is Marla, and she knew she needed to hire a sales rep in order to grow her business.

 

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business leader

Aspiring entrepreneurs face tough competition and scary odds: Hundreds of thousands of new U.S. businesses launch monthly, and about a quarter will fail just within their first 12 months.

Among the many challenges that budding start-ups encounter are differentiating themselves from rivals, not running out of cash, and tapping into what consumers really want. One study found that the top reason new businesses fold is that they are building a product that the market doesn't actually need.

 

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NewImage

More than 500 startups from 32 states and 45 countries applied to be admitted to the Target + Techstars retail accelerator program. The accelerator will name 10 winning companies that will move into 8,000 square feet of space at Target Corp.’s Minneapolis headquarters this summer, where entrepreneurs will get mentoring from Target executives and Techstars.

Image: Ryan Broshar leads the Target + Techstars retail accelerator. SUBMITTED

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chessboard

For several years now digital has been an appendage to “business as usual.” But recently, digital transformations have reached the tipping point where digital has become “business as usual”; the tail has become the dog. Digital is not just part of the economy — it is the economy.

It’s an economy of limitless opportunities for some and disruption and displacement for others. Many firms — such has Kodak, Blockbuster, Sears, and Blackberry — were unable to adapt, while others are thriving. According to MIT Sloan research, the companies that are adapting to a digital world are 26% more profitable than their industry peers.

 

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Tina Reed

For the last several years, Martine Rothblatt has been positioning United Therapeutics to manufacture transplantable human organs. This week, the founder and CEO of the Maryland biotech cornerstone told the state's tech community to get ready for a new industry to sprout from the idea. "In the next 10 to 20 years, Maryland will be known as the state that pioneered the concept of organ manufacturing," Rothblatt said as she accepted a Lifetime Achievement Award Monday from the Tech Council of Maryland. "People throughout the country will sing the praises of Maryland and its tech community because of this."

 

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NewImage

The United States Census Bureau has just released its 2015 population estimates for metropolitan areas and counties. Again, the story is Texas, with the Bureau’s news release headline reading: Four Texas Metro Areas Collectively Add More Than 400,000 People in the Last Year. The Census Bureau heralded the accomplishment with a ”Texas Keeps Getting Bigger” poster, which is shown below. The detailed data is in the table at the bottom of the article.

Image: http://www.newgeography.com

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monopoly

Knowledge@Wharton: Is it a surprise to see this happen with such a legendary game as Monopoly?

Mary Pilon: No, not at all. Hasbro has actually done this a few times. They acquired the Monopoly brand when they acquired Parker Brothers in 1991. They will revamp it to add things like debit cards, credit cards. There are all of those different “opoly” games, often times based on your alma mater, different cities and things.

 

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NewImage

There is something special about motivational quotes. No matter how many times you read and re-read them, they never cease to help you reassess, refine and freshen up your place in the universe. They are like mini-books, authored just for you by people who have achieved some level of influence and success in their chosen fields. When read in the context of the person to whom a quote is attributed, it can take on even more meaning.

Image: http://smallbiztrends.com

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184 year old tortoise named Jonathan gets his first bath ever

If you haven't bathed in a few days, don't feel too bad about it.

Jonathan, the world's oldest living land creature, hasn't had a bath for the first 184 years of his life. Until now. 

The tortoise, who lives on the British territory of St. Helena, got a nice scrubbing from a local vet in preparation for a visit with the royals. 

It may have taken a loofah, brush and surgical soap, but Jonathan is finally sparkly clean for the first time in almost two centuries.

Image: http://mashable.com

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stars delicate arch

Change is the word of the year and of the decade—and never before has it been more certain than for the entrepreneur. It is not uncommon for everything in your business to be modified: the logo, the website, the revenue model, the brand, the team…. Getting good at change is the most important skill to develop, yet, we’ve never really been taught how to manage it. So, are there ways to make it any easier?

 

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JACQUELINE WHITMORE

Creating a successful business is difficult. There are no two ways around it. You strive to point yourself down the field and head toward the goalposts, avoiding and overcoming all the obstacles that get in your way. This can be done by tackling these often-challenging blockers.

1. You have to believe. Surround yourself with positive, talented people. Ignore the naysayers and truly believe that what you have to offer will benefit others. Go forth with confidence, armed with proof of your product’s or service’s benefits.

 

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