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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.

control

If you feel like you’re never able to get everything done, the problem might not be the number of hours in a day. Maybe you should brush up on your delegating skills. Trying to do too much is a common problem for high achievers, but when you’re overworked, you’re overwhelmed and the quality of your work suffers.

This is especially a problem for people who are Type A, says Melissa Heisler, author of From Type A to Type Me: How to Stop "Doing" Life and Start Living It: "They struggle with delegation due to a desire to control," she says.

 

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NewImage

The start-up fever may be spreading fast across the globe, but is yet to fully blossom in Korea and needs to be encouraged, according to a leading expert.

“According to the 2016 Global Entrepreneurship Index, which was released last week, Korea needs to encourage competition and provide more opportunities (to spread entrepreneurship among young people),” Timo Nyberg, a senior fellow of Aalto University in Finland, said in a recent interview with The Korea Herald.

Image: http://www.koreaherald.com

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Accelerators have been nurturing young companies since startups became as hip as garage bands. (This was 2005ish… about the same time I was in my garage tuning my guitar.) Founders consume the wisdom of elders in a sleepless boot camp designed to spin up incredible value quickly. For the startup, the ticket to ride is somewhere around 6 percent of their seedling company in exchange for $20K and the opportunity to immerse themselves in the three-month program, usually concluding with a rockstar-like demo day event.

Image: http://medcitynews.com

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austrailia

Philanthropist and one of Australia’s best known venture capitalists, Bill Ferris, has been appointed by the Federal Government as the new Chair of Innovation Australia, and he has started his new job by warning that Australia needs to shake off its “fear of failure”.

At the announcement of the top job by Minister for Innovation Christopher Pyne, Ferris said, “I think we all do work, in a cultural sense, on perhaps too big a play of the fear of failure, as opposed to the excitement of gain”.

“And it’s the latter that ultimately drives innovation right through the system.”

 

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desktop

Times are changing — and at a much faster pace than ever have before. Since the invention of air conditioning in 1902 in Buffalo, N.Y., by Cornell graduate Willis Carrier (allowing us to live almost anywhere) to the invention of the smartphone in 1994 (allowing us to work almost everywhere), where we work and when we work have been in flux.

 

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NewImage

From the sought-after industry leader to the person who’s unanimously approved for the promotion, people with great reputations seem to have an easier time at success. But their status doesn’t happen overnight or by chance.

"Building a great reputation is like building a house; it takes more than one brick," says Grace Killelea, CEO and founder of the women's leadership program Half the Sky and author of The Confidence Effect: Every Woman’s Guide to the Attitude That Attracts Success.

Image: http://www.fastcompany.com

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Rodger Dean Duncan

An entrepreneur, it’s been said, isn’t someone who owns a business. It’s someone who makes things happen.

Arguably, successful entrepreneurship is less about venture capital and more about bringing good ideas to fruition. It’s less about college pedigrees and more about envisioning better solutions (just ask dropout Bill Gates).

 

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capetown

Cape Town is fast cementing itself as the biggest continental hub for tech startups. It’s a growing trend, confirmed by a number of research surveys and articles over the past decade. The Mother City is rightfully living up to monikers such as “The Silicon Cape” and the “Digital Gateway to Africa“. However, the reasons why the South African city is ranked where it is are a bit more complicated, and therefore debatable.

 

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Evan Baehr and Will Davis, were summoned to Washington for a meeting with the Postmaster General. Evan and Will wondered what it could be, “They must have seen the recent coverage in CNBC, maybe they’ll help our company expand?” Or, “maybe they wanted the traditional photo opportunity and positive media buzz that political actors care so much about. Surely their company made the Post Office look good, right?” But when the Postmaster General came out to meet them, the stark reality became clear, they weren’t interested in a photo-op.

Image: Flickr/Blue Genie 

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lincoln memorial

Abraham Lincoln once called the patent system one of the three greatest advances in human history, surpassed only by the discovery of America and the printing press. The United States was the first nation to allow commoners to own patents. Having a patent allowed the Wright brothers (two humble bicycle mechanics from Ohio) to beat Samuel Langley, their government-backed rival, to become the first to fly — and land — a machine heavier than air.

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As they prepare for a Wednesday visit from former President Bill Clinton, Michigan State University will join his Global Initiative University and offer a campus-wide minor in entrepreneurship and innovation.

In doing so, MSU will be the first Michigan university to join CGIU, which was created to engage the next generation of leaders on college campuses around the world.

Image: RAY STUBBLEBINE - http://www.freep.com

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Anne Barth

It is often said that the American frontier was settled by brave men and women who set out on a journey to unknown parts armed only with a Bible and an ax.

And that is true. But they also traveled with wagonloads of American ingenuity, and it was this combination of imagination, innovation and hard work that made the U.S. into the world’s greatest superpower.

Innovation is in our country’s DNA, rising from a richly diverse mix of people — from scientists and researchers to blue-collar workers and bicycle shop owners.

 

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michigan map

The impact of the arts and creative industries on local, regional, and state economies took center stage at a daylong summit in late September at the College for Creative Studies' Taubman Center.

The presentations and panel discussions were wide-ranging, but all centered on the state of Michigan's creative economy and where it is going. There was good news about directions that innovation and job creation were taking the economy; but also cautionary news about how the very definition of work, and what that means to individual creatives, has radically changed in just the past five years.

 

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Neil Kane

Michigan State University is doubling down on its commitment to student entrepreneurship by joining the Clinton Global Initiative University and offering a campuswide minor in entrepreneurship and innovation.

The announcement comes during Global Entrepreneurship Week (Nov. 16-22) and on the eve of former President Bill Clinton’s Wednesday visit to MSU. Clinton created the CGI U to engage the next generation of leaders on college campuses around the world.

 

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canada

With the new Trudeau government committed to bolstering Canadian productivity and innovation, it must deal with the fact that Canada continues to lag far behind the United States and other leading nations in startups and venture capital. Over the past few years, $2 billion in venture capital has been invested in Canadian startups annually. That’s just 6 per cent of the U.S. total, and less than a third of the venture capital invested in the San Francisco Bay Area alone. Canada ranks fifth in the world in global venture capital, behind not just the U.S., but the United Kingdom and the emerging nations of China and India, according to our newly released study “Startup City Canada.”

 

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Michael Crow

We live in a world of great excitement and great uncertainty, hastened by advances in science and technology that few, if any of us, fully grasp: artificial intelligence, autonomous drones, synthetic organisms, the Internet of Things, to name a few. 

This accelerating pace of change seems to propel us into the future, causing us to wonder who’s in charge—or perhaps to plead, like George Jetson running in his Space Age cartoon, on an ever-faster treadmill, “Stop this crazy thing!”

 

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