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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.

Julian L. Alssid

Without most people noticing, last week contrasted two events that, I believe, offer an alternate future for learning and higher education.

One happened in the bucolic shadows of the Shenandoah Mountains in rural Virginia. From the picture-postcard campus of century-old Sweet Briar College -- a respected, women's liberal arts college -- came a startling announcement:

"We are closing." Out of the blue.

 

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Steve Tobak

You don’t need me to tell you that leadership and entrepreneurship are all the rage these days. It sort of makes sense since they go hand in hand: Entrepreneurs start businesses and leaders run them, right?

That’s what I used to think.   

 

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end

A common complaint among managers is that the conversations they have with employees aren’t producing results: “We keep talking about the same issue over and over, but nothing seems to ever happen!” That’s because most managers are missing a vital skill: the ability to deliberately close a conversation. If you end a conversation well, it will improve each and every interaction you have, ultimately creating impact.

 

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NewImage

After dealing with a string of insufficiently answered questions from brothers Richard and Albert Amini regarding their company RoloDoc, "Shark Tank" investor Mark Cuban rose from his seat and shook each of their hands. "Worst presentation ever," he told them.

Image: "Shark Tank"/ABC Mark Cuban tells brother Richard and Albert Amini that they gave the worst pitch he had ever seen. 

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NewImage

Last night in Cambridge, LSN joined Women In Bio for a Shark Tank-style pitch event. The audience heard pitches from five life science entrepreneurs. Across the table from them were four experienced early stage life science investors playing the role of “sharks”.

So what did we learn from these life science innovators and from the sharks’ cutting responses to their pitches?

Image: http://blog.lifesciencenation.com

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apps

The Web as we know it is about to fundamentally change, according to one its luminaries.

WordPress may power nearly a quarter of all websites, but Drupal is no slouch, either, running roughly 5% of all websites globally and 12% of the top 100,000 websites. So when Drupal founder Dries Buytaert declares the Web "will go through a massive re-architecture and re-platforming in the next decade," it's worth digging in to see what he means.

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NBIA

The annual conference of the National Business Incubation Association is the place where incubation and entrepreneurial support professionals from across the globe go to gather for idea sharing, learning and connecting with peers. This year, the 29th International Conference on Business Incubation will be held April 26-29 in Denver, Colo., a city with a flourishing entrepreneurial ecosystem. The Preconference Institute will feature workshops on a variety of topics, including three that qualify for the NBIA Incubator Management Certificate Program. The main conference will include receptions, keynote addresses, incubator tours and nearly 50 educational sessions that range from how to develop an incubator to more advanced and strategic topics. Keynote speakers include: Brad Feld, who is the co-founder of TechStars, and Donald F. Kuratko, who is the executive & academic director of the Johnson Center for Entrepreneurship & Innovation at the Kelley School of Business at Indiana University – Bloomington and is a prominent scholar and national leader in the field of entrepreneurship. Tony Stanco, Executive Director of NCET2, will be at NBIA facilitating a panel of Fortune 500 companies and their view of business incubation.

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door

If federal agencies want to get ahead of the shutdown culture in Washington and attract recent college graduates to work for them, it won't be through a "business as usual" approach, a new study cautions.

Agencies more willing to take on innovative projects and ideas are more likely to get the attention of millennials looking for jobs, according to a follow-up study to the 2014 Best Places to Work report.

 

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YANKEE SABRA LIMEY

In the past few weeks, I’ve had about ten conversations with founders of tech-driven B2B/enterprise start ups that all seem to have the same dynamic. Let me give you an anonymized example:

Founder: “I have an angel investor who is willing to invest $250K at a $1M pre-money. Do you want to participate in that round?”

 

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'What we’re trying to do is change the culture in some of the areas of the federal government'
April 1, 2015
  
Health and Human Services chief technology officer Bryan Sivak announced that he will step down from the job this month.
In so doing, Sivak is not just leaving the CTO position but also the entrepreneur-in-residence post he held simultaneously. Healthcare IT News Executive Editor Tom Sullivan spoke with Sivak in 2013 about disrupting government culture with both technology and modern business practices.
What follows is a condensed and updated version of that original interview.
Q: In addition to CTO, you are an entrepreneur in residence at HHS. What has that role entailed?
A: We’re bringing people in who have very different sets of experience than your typical government employee but only giving them 12 months to execute, at the maximum. And because they’re coming in to solve some really interesting and somewhat difficult problems and they have such a limited timeframe they almost by definition have to do things in a different way. We’ve been seeing that across almost of the projects in the first round. To me, personally, it’s been very fascinating to see the roadblocks they’ve been running into and how they’re overcoming them.
Q: What’s the most innovative example?
A: CMS and ONC have a joint program where they are determining clinical quality metrics. The idea is to take all this electronic data that health records are collecting and figure out ways to combine that, generating algorithms, for example, that spit out measures of quality for various types of procedures and services. So the process itself is pretty interesting. When we started it took between 3 and 5 years to develop a metric because it's a relatively complicated process and there’s all kinds of documentation, different stakeholders, and other things. This is really a process that we could apply lean mechanisms to make it much more straightforward and streamlined. The first thing you do in any lean effort is look across the entire process to identify what your error rate is to try and figure out what’s going wrong and how often it’s going wrong. And the first thing [we] discovered is that this process had literally a 100 percent error rate — there was error in every step of the process. Which, honestly, we think is a good thing because that means there’s only one direction you can go. When they ran their first measure through the new process it went from 3-5 years to three months, which is pretty amazing.
Really what we’re trying to do is change the culture in some of the areas of the federal government. It basically changed their entire mindset around this lean methodology, even to the extent that a woman at ONC came up to me and said, “I’ve even optimized my grocery shopping based on lean methodology.” If that’s not having an effect, I don’t know what is. So it’s been pretty amazing.
Q: Your predecessor Todd Park had a famous line saying that he wanted to make HHS the NOAA of healthcare. Are you continuing that push and if so how?
A: We are sitting on a vast treasure trove of data that can be used in any number of ways — things that we’ve seen and things we can’t even begin to imagine – and it has the power to fundamentally transform healthcare and the delivery of human services. And we want to start teaching people who might not know what the data means how to do interesting things with it.
Topics: Policy and Legislation, Centers for Medicare & Medicaid Services (CMS), The Office of the National Coordinator for Health Information Technology (ONC), Clinical, Department of Health & Human Services (HHS)
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HIMSS Jobmine

Health and Human Services chief technology officer Bryan Sivak announced that he will step down from the job this month.

In so doing, Sivak is not just leaving the CTO position but also the entrepreneur-in-residence post he held simultaneously. Healthcare IT News Executive Editor Tom Sullivan spoke with Sivak in 2013 about disrupting government culture with both technology and modern business practices.

Image: HHS CTO Bryan Sivak talks disruption, innovation and lean methodologies.

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On Real Clear Markets It s Time to Revive U S Entrepreneurship Kauffman org

(KANSAS CITY, Mo.) March 16, 2015 – With the rise of entrepreneurial ecosystems – elements within a community that support firm formation and growth – how can local leaders measure success? That's the subject of a report released today by the Ewing Marion Kauffman Foundation.

Most communities fall short in assessing the performance of their entrepreneurial ecosystems, according to the paper, "Measuring an Entrepreneurial Ecosystem."

 

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NewImage

Step inside the Raht Racer, a three-wheeled vehicle that looks a little like a simplified version of the Batmobile, and you'll start to pedal like you're riding a bicycle. But as you feed power to the electric motor inside, the bike also senses how hard you're pushing. Pedal hard—or flip on an automatic mode, if you don't want a workout—and the bike will travel up to 100 miles an hour on the highway.

Image: http://www.fastcoexist.com

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NewImage

Like plenty of science-oriented high school kids, Andrew Jin is interested in human evolution. But Jin, one of three $150,000 first-place winners in this year's Intel Science Talent Search, took that interest further than most. For his project, the high school senior came up with machine learning algorithms that detect mutations in the human genome—mutations that could one day be used to develop drugs to combat diseases like HIV and schizophrenia.

Image: http://www.fastcoexist.com

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family

Having two breadwinners in the family can make it harder for young, married couples to break bread at home, but it doesn’t have to. If you’re willing to work as partners, adjust your priorities, and tweak your definition of "having it all," then you’ll likely be happier at home and at work.

It may sound like part marriage counseling, part career counseling, but the fact is that dual-career couples sometimes need both. Add children to the mix, and you really need both.

 

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leader

Leadership for a fractured world is a complex topic, and no single theory can do it justice.

Traditional leadership that relies on prominence ("look to me"), dominance ("listen to me"), and tribalizing ("follow me") to get things done isn’t working anymore. Instead the best leaders are global change agents; they’re men and women who can act with or without formal positional authority to mobilize diverse factions to face reality, participate in interdependent problem solving, and contribute to innovative solutions with focus and speed.

 

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email

Ever feel like you’re in the middle of a game of Ping-Pong at work, except it’s not a little, white ball you’re volleying back and forth—it’s email?

If you do, you’re not alone. According to recent email surveys, the average employee receives more than 115 emails per day.

Over the last two decades, email has become the killer business app, and for good reason. It’s reliable, inexpensive, convenient, and ubiquitous. To be sure, email is invaluable for certain types of communication. Yet we have overdone it.

 

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Illustration by Robert Neubecker

Consumers are incredibly poor predictors of the next big thing. Their knee-jerk reaction to new technology is almost always to say they don’t need it and will never use it. For many company leaders, this creates a significant business challenge: They know they must drive change to stay competitive, yet they have no way to determine with confidence which moves will be successful. They bring in experts to provide vision, they do market research until they’ve exhausted the deviations three sigmas from the mean, and they analyze and plan—only to find themselves no more certain about which direction to pursue than when they started.

Image: Illustration by Robert Neubecker

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NewImage

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. These things outside your control do happen, but based on my years of experience as a startup advisor and Angel investor, I still see too many common failure causes that are inside the entrepreneur decision realm.

 

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