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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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If you spend long enough in the world of tech, you end up immersed in a whole universe of jargon: Funding rounds. Down rounds. Valuations, acqui-hires, exits. The list goes on.

If you work in the tech or finance industry, it all makes perfect sense after a while.

Image: Screenshot - Vinod Khosla, a venture capitalist, with Google cofounders Larry Page and Sergey Brin.

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JEREMY QUITTNER

Apart from being some the most successful companies in the U.S., Dropbox, Reddit, Uber, and Airbnb share something else in common: They all spent time at startup accelerators.

It's no secret that accelerators have become an increasingly common resource for young companies like those looking for strategic guidance and a route to faster growth. Now there's research showing just how ubiquitous they've become. According to a blog post published on Thursday by Ian Hathaway, a non-resident senior fellow at Washington, D.C. think tank The Brookings Institution, the U.S. has been in the middle of an accelerator boom for a full 10 years.

 

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woman

Not one country has achieved gender equality.

That's according to The Economist's glass-ceiling index. 

Researchers used data from the World Economic Forum's "Gender Gap Report," the OECD, and other sources to measure how well the world's top economies have "leveraged their female talent pool."

 

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new york city

Unless they're lucky enough to work from home, most people have to do some sort of commute twice a day to get to and from work.

It's not fun, and at times it can be incredibly tedious, but commuting is a part of life. It can also be pretty expensive and is guaranteed to cost you at least some of your monthly income. But where are the world's most expensive commutes on earth?

 

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The Angel Venture Fair brings together the largest gathering of Angel Investors and Entrepreneurs in the Mid-Atlantic region,. The AVF takes place Tuesday April  26th at the Union League, has worked with over 500 companies over the last 18 years.  It is a totally community effort with every angel group in the Mid-Atlantic receiving information on the AVF and sending members.  The companies are reviewed by 80 judges made up of Angels and conduits to Angels. 

Image: http://www.angelventurefair.com/

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money

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. today announced a new $75 million, five-year global initiative to address the youth unemployment crisis and expand young people’s access to economic opportunity. With the global economy requiring a more skilled workforce, New Skills for Youth is designed to increase dramatically the number of young people who complete career pathways that begin in high school and end with postsecondary degrees or credentials aligned with good-paying, high-demand jobs.

 

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Mark Suster

Every year at Upfront we try to analyze the venture markets. We try to look at the sources of capital, the valuations, exits and trends. We use this try to draw some context that informs our funding decisions.

Of course we fund companies in good markets and bad. In venture our goal is to fund companies over a 10-year+ time horizon, which is the time it takes to build truly transformational companies. To do so we need entrepreneurs who can build companies that scale well in booming markets and also control costs appropriate in correcting markets.

 

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vermont

The objective? Jobs — good paying, clean jobs to help fuel economic growth. States throughout the country engage in fierce competition for job creators and economy builders. They throw huge sums of money at the problem hoping to attract a big company.

Vermont takes a very different approach. In Vermont, our small scale, rural landscape, and small population means we have to find other ways to grow our economy.

 

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race

Australia has struggled to match other developed countries in the application and commercialisation of ideas. We have fallen behind our peers, consistently ranking last or second last among OECD countries for business-research collaboration.

Finally, there is a ray of hope.

Australia’s new chief scientist, Dr Alan Finkel, who replaced Professor Ian Chubb in the position last month, will be a valuable asset as Australia plays catch up in the innovation race.

 

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innovation

Strategic and organizational factors are what separate successful big-company innovators from the rest of the field.

It’s no secret: innovation is difficult for well-established companies. By and large, they are better executors than innovators, and most succeed less through game-changing creativity than by optimizing their existing businesses.

 

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Biotech and the overall equity markets have been under siege the past few months from macro forces, like oil and the economy, as well as sector-specific concerns like drug pricing.

After watching the carnage in 2016 wreck havoc with small and large cap stocks alike, I figured it was time to revisit the post-market performance of the recent biotech IPO cohort.  It’s grim, as you might expect.  A rising tide lifts all the boats, and a falling one leaves a lot of small ones exposed on the shoreline.  Here are a few metrics on the VC-backed IPO cohort since 2013, as of February 11, 2016:

Image: http://medcitynews.com

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RICK SPENCE

Last week, I wrote about the three key trends for the future that I took away from the World Government Summit earlier this month in Dubai, United Arab Emirates. But there were also a few individual “moments” I feel offer takeaways for Canadian entrepreneurs and leaders who want to own their own future.

The daring of Dubai In the first presentation of the three-day summit, Klaus Schwab, founder of the World Economic Forum and the Davos summits, congratulated Dubai “for having the courage and the foresight to transform a meeting into an ongoing international organization.” 

 

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NewImage

If you spend long enough in the world of tech, you end up immersed in a whole universe of jargon: Funding rounds. Down rounds. Valuations, acqui-hires, exits. The list goes on.

If you work in the tech or finance industry, it all makes perfect sense after a while.

Image: http://www.businessinsider.com/

Read more ...

football - soccer

Nathan Myhrvold knows about innovation. An avid inventor, holder of hundreds of patents, author of books on the science of cooking, he is former chief strategist and chief technology officer of Microsoft and set up the company’s R&D arm, Microsoft Research.

And he’s not short of insights on how Europe can up its innovation game.

“There’s a very sunny story you can tell about European innovation as long as you restrict it to the things that big companies do,” he said, pointing in particular to the innovative edge of Europe’s long-established pharma sector. 

 

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question

Despite long-term declines in business creation and slow growth, there are many reasons to be optimistic about the future of entrepreneurship in the United States. This message, delivered by Kauffman President and CEO Wendy Guillies in the State of Entrepreneurship Address, summarizes key findings in a publication released yesterday called The New Entrepreneurial Growth Agenda.

 

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key

The Indian Automotive industry started its globalisation journey with the setting up of Maruti Suzuki in the mid-1980s. For the next more than 30 years, innovation has mostly flown from Japan, Korea, Europe and US to the India based automotive OEM and component industry. This happened through various channels including subsidiaries, joint ventures, technology licensing, and alliances.

 

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How rubber bands are made Business Insider

It's not easy turning gigantic, stiff chunks of rubber into thin, elastic rubber bands. In fact, the process is insanely complicated. 

Thanks to our friends at Science Channel for sharing this footage with us. "How It's Made" airs Thursdays at 9 p.m.

Image: http://www.businessinsider.com

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Biz Carson

Amid discussions about blood in the water and the impending doom and gloom of the startup ecosystem, there's plenty of great startups out there still poised to change the world.

Business Insider talked to industry insiders, venture capitalists, and startup founders and looked at some fundraising data from PitchBook and CB Insights to derive this list of startups to watch in 2016.

 

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upgraph

A study just completed by the Sage Policy Group on behalf of the Maryland Business Incubation Association (MBIA) has concluded that Maryland’s 30 small business incubators are having a significant and far-reaching impact on the state’s economy.

Utilizing IMPLAN modeling software, the Sage study examined impacts on job creation, associated income, augmented commercial sales and state tax revenues.  The study found that in 2015 existing incubator companies and incubator operations accounted for 4,100 jobs, $310 million in compensation, $635 million in augmented commercial activity and $27.5 million in state taxes.

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