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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.

top 10

FROM BRAIN IMAGING TECHNOLOGY TO THE WHATSAPP FOR BUSINESSES, THE COMPANIES BORN IN ISRAEL THAT ARE CHANGING HOW WE INTERACT WITH THE WORLD.

BY FAST COMPANY STAFF

1. ELMINDA For changing the way we see our brains. Imagine your brain as a network of city streets, says ElMindA CEO Ronen Gadot. MRIs show us the roadways, but not the traffic. ElMindA’s device, however, can observe the effect of billions of neurons that fire when you think, talk, and breathe. It uses up to 256 electrodes and sits on the head like a hairnet, monitoring how brain networks respond to one another to help treat such conditions as PTSD and memory loss. "If there’s a traffic jam," Gadot says, "we can detect it and find better interventions to open up those clogs."

 

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For the new small business owner, a common question is, “Where should I incorporate my business?” Some entrepreneurs choose to form an LLC or incorporate where they live, while others opt for a business-friendly state like Delaware or the state with the lowest fees. As you’ll see below, states vary when it comes to formation and annual report fees. It’s tempting to choose the lowest costs available, but keep in mind that the cheapest state to form an LLC or a corporation won’t necessarily save you money.

Image: http://smallbiztrends.com

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Silicon Valley insiders are taking advantage of soaring values for technology startups by creating a potentially lucrative side business.

Venture-capital firms such as Andreessen Horowitz and FirstMark Capital, along with a cast of prominent entrepreneurs and executives, have each raised tens of millions of dollars for impromptu funds that take a direct stake in a single startup.

Image: Pinterest has raised more than $1 billion, much of that through special funds called SPVs, since 2010. Above, Pinterest headquarters in San Francisco. PHOTO: RAMIN RAHIMIAN FOR THE WALL STREET JOURNAL

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Kirstie Chadwick, executive director of Orlando's tech accelerator Starter Studio, has been appointed as the new president and CEO of the National Business Incubation Association, which announced plans to relocate to the City Beautiful last August.

Chadwick has been a founding CEO or executive in five startups, was the founding director of the University of Central Florida’s Venture Lab, and led the financing and management of Florida’s Igniting Innovation Accelerator program, which directly resulted in $43 million in follow-on capital by participating companies.

Image: Jim Carchidi - Kirstie Chadwick, executive director of Orlando's tech accelerator Starter Studio, has been appointed as the new president and CEO of the National Business Incubation Association.

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These French climbers are either fearless or insane

If you're scared of heights, still watch this because it's pretty amazing.

Climbers Laurene Sibue and Xavier Gaboriaud can't stick to mountains and hiking like the rest of us. Instead, they put on some GoPros and climbed up a massive, almost-completely vertical monolith that looks like it just sprang up out of the forest.

Image: http://mashable.com

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The sunny campus of Stanford University, with its many trees, sprawling quads, and kids with backpacks, looks like many American colleges. But because Stanford is in Palo Alto, California, in the middle of Silicon Valley, things are happening there that don't happen anywhere else.

Start with the money students make just after leaving.

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

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Today, in the age of decreasing attention spans, fickle consumers are constantly looking for and even expecting the next big thing. Innovating isn’t as easy as waving a magic wand, and regardless of the merit to the technological advancement or the time and money it takes to innovate, companies are increasingly subject to the expectations game. Now more than ever succeeding is all about making better products and offering new and improved services quicker and more reliably than your competitors. Succeeding through innovation is also about meeting expectations.

 

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Ethan Brown next to the Steer.

People want burgers. It seems hardwired. You can read Richard Wrangham’s Catching Fire to learn how man evolved into a thinking primate by learning to cook the animals he killed. You can talk to the stylish proprietor of a leading cooking school in Japan, who co-owns an artful Manhattan sushi restaurant. What does he find the most efficient fuel for his triathlon training? A couple of McDonald’s quarter-pounders a day.

Image: Ethan Brown next to the Steer.

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The decline in first quarter digital health investment was a notable shift from the steadily rising levels since 2010.

That’s probably the most striking development in StartUp Health’s latest report which otherwise highlighted some pretty consistent trends. In the the first three months of 2015, big data attracted the most investment (led by Health Catalyst, which raised $70 million). Plus, more venture capitalists are moving into the sector – at least 20 made two digital health investments.

Image: http://medcitynews.com

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In case you missed it the next salvo in the social media revolution is underway. The release of two live video streaming apps within weeks of each other, Meerkat and Periscope, have my attention and should have yours too. Think about it, now everyone with an iPhone (soon any smart phone) can broadcast and receive live video anywhere, any time. We now have the capacity to share, not just tidbits from our experiences on Facebook, Twitter, and Instagram, but to stream our actual experiences live in real time. We can now experience together. So what, you ask? Well just like with any new human capability, the most important and valuable uses are never what you think they are initially. The real impact and value of new capabilities always emerge over time and in surprising and serendipitous ways. Don’t fall into the same trap, so many have, by dismissing social media saying, who cares what someone has for dinner! Don’t throw the signal out with the noise. My instinct tells me that democratized live streaming is a big deal.

Image: http://itssaulconnected.com

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PETER GASCA

Entrepreneurs do not fear failure.

The typical stereotype we carry about most successful entrepreneurs is that they approach business with the fearless enthusiasm of an extreme sports athlete.

Recently, however, I had the opportunity to meet a successful founder and CEO of a billion-dollar hedge fund, who when asked about his biggest fear stated that he feared failure above all.

 

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WASHINGTON, April 2, 2015 /PRNewswire-USNewswire/ -- Administrator Maria Contreras-Sweet, head of the U.S. Small Business Administration (SBA) was in Brooklyn yesterday at Manufacture New York to announce that for the second year, the SBA is launching an Accelerator Growth Fund competition for accelerators and other entrepreneurial ecosystem models to compete for monetary prizes of $50,000 each, totaling $4 million. The application period is from April 10-June 1 and information about the application process can be found at: www.sba.gov.

 

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JOEL BROWN

Do you remember the first time self development became important to you?

I do. I was 7 years old and I was in love with basketball. My mother had bought me a book called Rare Air, the autobiography of Michael Jordan. 

Through this book, Michael Jordan brought me into his world. He shared stories of what inspired him, the emotions he felt, how he handled the failures and rejections and how he discovered his passion.

 

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TRAVIS-BRADBERRY-

You’ve likely heard that multitasking is problematic, but new studies show that it kills your performance and may even damage your brain. Research conducted at Stanford University found that multitasking is less productive than doing a single thing at a time. The researchers found that people who are regularly bombarded with several streams of electronic information cannot pay attention, recall information, or switch from one job to another as well as those who complete one task at a time.

 

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SUJAN PATEL

They say that you have the same number of hours in the day as Beyonce -- so why does it feel like you’re never able to get caught up on your business to-do list?

Apart from not having your own team of personal assistants, stylists and other hangers-on, it could be your habits that are keeping you from achieving your business goals. Fortunately, habits can be broken.

 

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CATHERINE CLIFFORD

Will millennials prove themselves the greatest entrepreneurial generation, or the lost entrepreneurial generation? That is the question.

The generation born between 1981 and 1997 has grown up on the Internet and had access to entrepreneurship courses in college like no generation before, according to entrepreneurship organization the Kauffman Foundation in its 2015 State of Entrepreneurship Study.

 

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Did you watch The Lion King growing up?

Trick question…of COURSE you did.

I liked that movie because it wasn’t all fairytales and rainbows. It was some REAL ish.

Dude…Scar was a bad mofo. Definitely a gangbanger of the animal kingdom.

 

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