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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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Corporate-data breaches have become all too frequent in recent years. In this McKinsey Podcast episode, James Kaplan, a principal in McKinsey’s New York office who leads our capabilities in global IT infrastructure and cybersecurity, talks to McKinsey Publishing’s Roberta Fusaro about how senior leaders can better protect sensitive corporate and consumer information.

 

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benari

In the last few weeks I’ve completed short trips to Monaco, Nice, Barcelona, and Marrakech. Along the way, I ended up spending time in London and Madrid as well, due to weather delays. Tel Aviv, Dakar, and Accra are in my immediate future. Not surprisingly, all of this travel exposes me to a wide spectrum of ways of thinking and acting.   It also sheds light on the variety of ways people deal with the unexpected, specifically the trauma of suddenly being one of thousands of disrupted flyers clamoring for help…or being one of hundreds of airline employees tasked with helping them.

 

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Vivek Wadhwa

For a generation of CEOs, Clayton Christensen’s The Innovator’s Dilemma was a guiding light on how to survive industry disruptions. His book educated business executives on where competition would emerge from and how to respond to the threats. Of late, however, journalists and academics have questioned the accuracy of Christensen’s industry analyses and challenged his broad generalizations. His response, in a new Harvard Business Review article, is that his theories have been misunderstood and their basic tenets misapplied. He posits that his prescriptions have been a victim of their own successes.

 

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Marianne Hudson

Every great journey has its ups, downs and blind spots. Angel investing is one of those. Based on personal experience, I can assure you that no matter how much or for how long you study angel investing, once you put your own money on the line you will be surprised by how the process really works.

Because hindsight is 20-20, I asked several experienced angels to tell me about their own experiences.  What I learned is invaluable for any angel investor starting this journey.

 

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Shelley Row

Shelley Row had good reason to be an overthinker. The daughter of an Air Force pilot who emphasized the value of thinking, she became a transportation engineer in 1984. There weren’t many women in her field, so the pressure to perform in a "man’s world" was intense. And when you’re managing major projects and budgets at the U.S. Department of Transportation and Federal Highway Administration—including operations in Georgia during the 1996 Olympics—it’s easy to get stuck in analysis paralysis and overthink things.

Image: Shelley Row - http://www.fastcompany.com

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career

Daniel Kim was the CEO at online game company Nexon America when he had a career epiphany that changed his life. His mentor Bill Moggridge, founder of the design firm IDEO, had recently passed away. It was at Moggridge's memorial service at Stanford in 2012 when Kim had a moment of clarity: What was most important to him wasn't being at the top of his field or making as much money as possible, it was doing meaningful design work—the kind of work he simply couldn’t do as CEO at a gaming company.

 

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NewImage

CHARLESTON, S.C. — A tiny light bulb hooked up to a computer lights up, and Antonio Rojas-Rodriguez smiles.

“I did it! I did it!” he laughs. It is the first time the 20-year-old business student at the College of Charleston has written a software program.

Light on. Light off. It seems simple, but teaching students to write code is one way this grand old lady of iron latticework and history is trying to become an entrepreneurial haven.

Image: © The Associated Press - Ernest Andrade, the director of the Charleston Digital Corridor, stands outside one of the corridor's business incubator buildings. Charleston and other midsize cities are trying to reinvent themselves as high-tech hubs.

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Matt Rosoff
Matt runs the tech vertical and the San Francisco bureau for Business Insider. He was BI's first West Coast editor from 2010 t0 2012, and in the interim he ran an enterprise technology site, CITEworld.

Previously, he was an analyst for Directions on Microsoft and blogged about music tech for CBS Interactive. From 1995 to 2000, he was a founding editor at CNET.com.

For all the talk of a stock bubble, it sure isn't showing up in IPOs.

According to data from Renaissance Capital, compiled here by Statista, companies have raised less than $30 billion this year through IPOs on U.S. exchanges. That's the lowest number since 2009, at the end of the Great Recession.

There were a lot of IPOs this year — 168, trailing only last year in the post-Recession era — but they were small raises.

 

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NewImage

This past summer I was a member of 500 Startups, one of the top accelerator programs in the world. For those who aren't familiar with 500 Startups or other accelerators (like Y Combinator or Tech Stars,) it's helpful to understand how these organizations function to fund Silicon Valley startups and technology innovation across the globe.

Image: http://www.huffingtonpost.com

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Eric J. McNulty is the director of research at the National Preparedness Leadership Initiative and writes frequently about leadership and resilience.

Organizations looking for outside talent pay an extraordinary amount of attention to resumes. HR pores over job descriptions looking for the right words to craft compelling recruitments ads. Applicants fret as they hone their cover letters to reflect what they think the company wants. Hiring managers scour applicants’ CVs for indicators of the right skills and experience. And, too often, this is all forgotten once the hire is made.

 

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Dr. Stephen Welter

SAN DIEGO—San Diego State University recently broke ground on a new engineering and interdisciplinary sciences complex, a future hotspot for collaborative collisions between engineers and biologists, mathematicians and entrepreneurs and a key piece in SDSU’s drive to become a top-50 public research university. Dr. Stephen Welter, VP for research and dean of graduate affairs at SDSU, tells GlobeSt.com the innovation complex represents the blending of students, staff and faculty in a market that’s becoming increasingly better known for its innovation economy. We spoke exclusively with Welter about the complex and how it fits in with higher education’s changing role in the economy.

 

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hands globe

Winning venture capital investments are no longer controlled by a handful of top managers, according to Cambridge Associates.

Thanks to a maturing industry and evolving markets for technology and health care, a diverse group of new and emerging venture capital managers are creating value for limited partners, the report said.

The consulting firm’s data revealed an average of 83 companies each year generated value in the top 100 venture capital investments from 1995 to 2012.

 

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The 50 New Healthiest Foods of All Time With Recipes TIME

Harissa

Why it’s good for you: This spicy chili paste or powder is having a moment, and for good reason. Recipes for harissa can differ, but in general they usually contain a mixture of healthy ingredients like chili peppers, garlic, olive oil and spices. Chili peppers contain a compound called capsaicin, which is thought to have pain-relief and cancer-protective effects.

Image: Danny Kim for TIME

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Andrea Wien

Today is one of those days. You may know the kind. It’s one of those days where it all comes crumbling down in a mountain of agonizing dread.

“Am I doing the right thing? Why am I even doing this? There’s no way this is going to work.”

I interviewed the founder of a smoothie delivery company for my podcast the other day, and her journey sounded so simple. When I asked her how she started, she told me she put up an ad on Google, a few people bought a non-existent product, and then she personally went to the grocery story and delivered the products to their doors. Wham, bam, business.

 

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Dan Scalco

Being your own boss is not for everyone.

While entrepreneurship comes with freedom and flexibility, there is also a great deal of responsibility and an even greater need for discipline. Curious as to whether or not you would cut it as an entrepreneur? Here are seven telltale signs:

 

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Alyson Shontell

Earlier this month, a robotic cat began to go viral on Twitter.

The robot cat was Hasbro's latest toy. With the slogan "Why should kids have all the fun?" Hasbro is positioning the stuffed animal as a "companion pet" for the lonely and the elderly. Its website features the $99.99 feline purring and meowing in the hands of the retired, who take comfort in stroking it.

 

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idea lightbulb

Everyone’s pushing hard for innovation in science, technology, logistics and business planning but how do you know you’re getting the best return on your investment?

Global R&D spending reached US$1.6 trillion in 2014, about half of the estimated total spend on all innovation activity worldwide. While the private sector accounts for the largest share of this investment, governments are also significant players as they search for innovative ways to optimise economic growth and development. But are organisations – private or otherwise – getting the best return on investment in science, technology and innovation, and how can they analyse whether it’s money well spent?

 

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