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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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Sub-Saharan Africa has the highest rate of female entrepreneurship in the world at 27 percent, but most of the businesses tend to have no employees and low growth expectations: they are, for the most part, one-woman enterprises oriented to consumers, CNN reports.

African startup competitions and accelerators never attract more than 30 percent female participation and this is in line with Europe and the U.S., according to CNN

Image: Yasmin Belo-Osagie And Afua Osei. She Leads Africa. Photo: idolbin

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Georgia was one of the first states to open a complicated regulatory loophole back in 2011, which allowed residents to buy into local businesses--just like buying shares on the stock market. It took a few more years before the promise of "equity-based crowd funding" took hold.

But in 2013 it did, and the concept is partly the reason you can now find a Bohemian guitar on the shelves of mass-market music retailers, or in the hands of big-name performers--drawn by the unique sound and look of a metal oil can, which makes up the guitar’s body.   

Image: Shaun Lee, co-founder of Bohemian Guitars. Jim Burress/WABE 

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When starting a new business, an entrepreneur has to take a “hands-on” role. Because there are so many unknowns, and things are happening so fast, this is no time to delegate or hire outside consultants to handle core functions. That fact eludes most executives from mature companies who have long depended on their staffs for real work, while their focus stays on strategy.

 

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If you’re a small business targeting Millennials, you might want to think bigger. Sure, they’re your customers. But they might also be your next investors. Just ask the people at Wealthfront, an online financial services start-up that raised $64 million last month, all while targeting Millennials as customers.

 

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entrepreneur

I have the best job in the world.

Every day I talk to entrepreneurs, who are working on the next Periscope, and help them figure out how to grow their businesses.

Every day I learn a little more about how one of the most reputed technology companies in the world operates from incredible people like Michael Dell.

 

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“The startup scene is starving for seed-stage investment right now.”

If you've ever spent time around a startup hub then you've probably heard some version of this comment before. Whether it's currently the case in the D.C. area may be a fair question, and one that we've put to venture capitalists from some of the region's most prominent firms—Revolution, New Atlantic Ventures and New Enterprise Associates.

Image: New Atlantic Ventures managing partner John Backus (courtesy of the firm) 

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Louisville, Ky., is home to the Louisville Slugger, Churchill Downs, The Cardinals, and of course world famous bourbon makers like Heaven Hills Distillery. But when you look past the pop-culture icons that make Louisville so distinctly eclectic and wonderful, one begins to also recognize the sheer magnitude of potential the city has to be a leading model for what a 21st century city might want to emulate.

 

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Welcome our keynote speaker at SEMANTiCS 2015: Klaus Tochtermann. He is a professor at the Institute for Computer Science at Kiel University and the director of the ZBW – German National Library of Economics – Leibniz Information Centre for Economics. It is the largest economic library worldwide and globally recognized for driving innovation in professional knowledge management.

Image: http://www.semantics.cc 

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Many people crave the energetic environment found in startup culture.

But the opportunity to be valued and feel like you are building something from the ground up can be tempered by long work hours and the stress of potential failure. Not all startups get the recipe for employee satisfaction right.

Image: http://www.businessinsider.com

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5 Ways to Monetize Email Newsletters

It may not be as exciting as social media or content marketing, but email marketing is one of the most effective ways to reach an intended customer. In fact, digital marketers have stated that email is the most effective digital marketing channel when it comes to customer retention. Email is also effective at achieving brand awareness, customer acquisition, and conversion.

 

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Business Insider, Mike Bird
Sophie, the JPMorgan intern we shadowed for a day.

Every major investment bank offers an internship program — it's an opportunity for students to test out the profession and for the firm to scout future employees.

We got the opportunity to follow Sophie, a University of Cambridge economics student, as she went through a day of her 10-week summer analyst internship.

Image: Business Insider, Mike Bird - Sophie, the JPMorgan intern we shadowed for a day. 

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The brain is the source of human civilization and culture. From the great works of literature and art to spaceships that visit distant planets to complex economic theories, they are all embodiments of the extraordinary capacity of the human brain. The quest to understand how the brain works has fascinated and perplexed humankind for centuries. After all, the brain with its 86 billion neurons and 100 trillion connections is the most complex entity in the known universe.

Image: https://agenda.weforum.org

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yoga

Most entrepreneurs I know understand the value of staying physically fit but many don't dedicate as much time to their mental wellbeing as they do to the gym. But there is a solution.

Yoga combines many of the best reasons to frequent the gym with the mindfulness and meditation that helps us stay in control. I'm not the first to write about why yoga should be considered useful for entrepreneurs, however; often when expounding on the virtues of yoga for entrepreneurs, the focus is on stress management.

 

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Global warming caused by human emissions has most likely intensified the drought in California by 15 to 20 percent, scientists said on Thursday, warning that future dry spells in the state are almost certain to be worse than this one as the world continues to heat up.

Even though the findings suggest that the drought is primarily a consequence of natural climate variability, the scientists added that the likelihood of any drought becoming acute is rising because of climate change. The odds of California suffering droughts at the far end of the scale, like the current one that began in 2012, have roughly doubled over the past century, they said.

Image: Visitors along the recessed shores of Beal's Point in California's Folsom Lake State Recreation Area. A new study has found that inevitable droughts in California were made worse by global warming. Credit Damon Winter/The New York Times

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San Diego wins over Silicon Valley when it comes to artificial-intelligence startups, according to the website Xconomy. The site recently quoted Olin Hude, founder and CEO of Englue, as agreeing that only in San Diego can you find a vast pool of academic support, technical talent and a wide range of early-adopting business customers.

GlobeSt.com spoke with Mike Combs, research manager for San Diego Regional EDC, about how prevalent tech start-ups are in the San Diego market as compared to other large West Coast markets. His answers reveal how San Diego is truly ahead of many of these markets

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I love the phrase vanishing mediary.

This is what I aspire to be. It’s the opposite of a visible intermediary. In our ego-fueled world, many people want to be front and center. Leaders are told to lead from the front, even if all they do is get up on a white horse and exit stage left as soon as the battle starts. We all know the leaders who are more about themselves than about the organizations and the people they lead. Many of us interact with this type of leader on a daily basis and, while it can be invigorating for a while when things are going well and there are bright lights shining all around you and celebrations around every corner, it’s often complete and total misery when things get tough.

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