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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.

Katharine Grayson

The National Institutes of Health awarded $3 million to the University of Minnesota to ramp up commercialization of health care technologies.

NIH picked the U of M as one of three new Research Evaluation and Commercialization Hubs (REACH) nationwide.

The funding, plus $3 million in matching dollars from the university, will go toward training researchers, partnerships with businesses and other initiatives. The grant will support between 10 and 20 commercialization projects per year centered around areas such as diagnostics tools, medical devices and preventative medicine.

 

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question

Over 200 publicly listed American companies have R&D budgets that exceed $100 million annually. Which companies allocate the highest proportion of that budget to engineering in China and India, specifically? And what drives their success with these global engineering initiatives?

To find out, we developed a measure and coined the term Global Engineering Intensity (GEI) as the ratio of the headcount of R&D staff in India plus China to a company’s current annual R&D expense.

 

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social

Let’s face it: social media is risky. A single unfortunate post can throw a career off track. And yet in an era in which younger workers are connected with an average of 16 co-workers online and where 40% to 60% of hiring managers use social media to screen potential hires, it is simply not reasonable to stay off social media entirely. So how can we balance the personal and professional online?

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doctor

If you work in healthcare you hear the terms “big data,” “population health management,” and “integration” daily. You look around and see hundreds of dedicated engineering resources, millions of dollars, and years of effort being invested in technologies to aggregate and analyze data.

Some technology companies and healthcare organizations have succeeded in this significant and difficult effort, and others are just starting this very onerous journey. Connecting and consolidating multiple EMRs, lab systems, medication data, problem lists, and (often dated) claims data is no easy feat. Making sense of it all is a whole other story.

 

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NewImage

“The mother of all products,” according to Apple CEO Tim Cook, isn’t a new device — but it is high-tech.

The “Apple Campus 2,” the working name for Apple’s under-construction new corporate campus, will unite all of Apple’s technology and artistic capabilities, Cook told Fortune in an exclusive interview published Thursday.

Image: City of Cupertino

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Drake Baer

Arguments aren't logical. To win them, you have to understand people.

We've scoured the research and compiled the following science-backed tactics that will help you win any argument.

1. Be civil. Contrary to what your debate coach said, arguments aren't rational.

So respect the other person's perspective, no matter how ridiculous it sounds.

 

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Chance Barnett

The SEC has, after three long years, finally moved on rulings that allow everyday citizens (non-accredited investors) to participate in equity crowdfunding and investment in private startups and small businesses.

The long awaited promise of democratizing investment in startups & small businesses in the U.S. through equity crowdfunding laws is about to be fulfilled. These new rulings come under Title IV of the JOBS Act and will done initially through what are called Regulation A+ investment offerings.

 

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crystal ball

The crowdfunding movement has one overarching objective: to democratize access to capital. It uses technology to eliminate the inescapable bottlenecks and inefficiencies of the capital market.

It used to be that if you wanted capital, you had to work through formal capital aggregators, which meant that if you were lower on their priority list, you didn’t get funding. Crowdfunding platforms—like Indiegogo, where I work—have eliminated the gatekeeper, and now "the people" have the power to decide which ideas come to life.

 

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NewImage

A few months ago, Kayvon Beykpour met a fellow Stanford University graduate, Jessica Verrilli, for coffee.

Verrilli is the Director of Corporate Development and Strategy for Twitter. She asked what Beykpour had been working on since leaving Blackboard, an education company that had acquired his prior startup, TerriblyClever. Beykpour fired up his iPhone and showed her Periscope.

Image: Twitter - Kayvon Beykpour, co-founder of Periscope

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future

There’s more pressure than ever for organizations to leverage new technology to provide customers with better products and services, more relevant information, and personalized and seamless experiences. As such, many large organizations are struggling to compete against a new league of agile digital innovators that can rapidly move from ideation to deployment.

 

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Nir Eyal

A middle-aged woman sits before a computer screen on the 11th floor of Expedia’s glass-clad headquarters in Seattle. Two electrodes are taped to her brow just above her left eye, two more on her left cheek. A one-way mirror reflects her face as she responds to requests issuing from a speaker mounted in the ceiling.

Image: Nir Eyal

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NewImage

It may be the ugliest car to ever roll along the Earth, but it sure is handy. This is China's attempt at a low-cost, 3D-printed moving machine.

The car, created by Chinese company Sanya Sihai, took five days to print the body and one and a half months to build. It weighs a light 500 kilogram (1102 pounds), 3.6-metres long (11.9ft), 1.63-metres wide (5.5ft), is totally electric and costs 11,000 yuan ($1770) to build, according to 3D Print.

Image: NEWS.CN / SCREENGRAB 

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think

One of the most significant developments in technology in coming years will likely be the use of smart machines—cognitive technologies—to replace human labor.

One of the most significant developments in technology—and society in general—over the next several years will likely be the use of smart machines to replace human labor. This is one of Deloitte’s analytics trends of 2015, and I have no doubt that it’s coming. My only doubt is what to call it; even within Deloitte, some call it “bionic brains,” some “cognitive technology,” some “cognitive analytics” and some “amplified intelligence.” I do like hanging out at a firm where there are no language police.

 

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Dan Schawbel

I recently caught up with James Altucher, who is the author of the new book “The Choose Yourself Guide to Wealth”. You can learn more about James and his ideas in his book by subscribing to ”The James Altucher Report“, a daily and monthly newsletter. James is also the author of multiple bestsellers including “The Power of No” and “Choose Yourself”. His blog, The Altucher Confidential, has attracted more than 15 million readers since its launch in 2010. He has started and run more than 20 companies, and sold several of those businesses for large exits. He has also run venture capital funds, hedge funds, angel funds, and currently sits on the boards of several companies. In addition, James hosts the extremely popular weekly podcast series “The James Altucher Show“, where he’s interviewed everyone from Tim Ferriss to Adam Carolla about a variety of topics, ranging from health to entrepreneurship.

 

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DAVID MANDELL

I come from a family of entrepreneurs -- my mother, father and stepfather all ran and managed their own businesses. Watching them work when I was young taught me fundamental skills that enabled me to bring success to the companies I worked for in the corporate world and ultimately pushed me start my first business 15 years ago.

Now that I have kids of my own, I want to empower them with skills that will help them to think like an entrepreneur. I want them to be confident thinking for themselves, and I want them to be problem solvers in every situation. Because when the time comes for them to enter the working world, I want them to be damn good leaders.

 

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wall street

NEW YORK (AFP) — The biotech sector is at the top of Wall Street’s worry list as analysts debate whether high-flying pharma stocks are a bubble that is about to burst.

Trade in biotech stocks was mixed Thursday as U.S. stocks clawed back near even after early losses. Biotech was a key factor in the market’s rout Wednesday, which included a 2.4 percent drop on the Nasdaq.

 

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Left to right: Jodie Sweitzer, Karen Griffith Gryga and Steve Welch of DreamIt Ventures in the accelerator's University City HQ.
(Photo by Juliana Reyes)

Everyone’s talking about Meerkat, the new livestreaming app that went viral during SXSW.*

But Steve Welch has been using a livestreaming app — an earlier iteration of Meerkat called Yevvo — for years. When the DreamIt Ventures cofounder would travel for work, his wife would use Yevvo to livestream his daughter’s soccer games. One time, Welch was tuning in to a game during a conference (he declined to name the conference in question) and was surprised when parent after parent approached him afterward.

Image: Left to right: Jodie Sweitzer, Karen Griffith Gryga and Steve Welch of DreamIt Ventures in the accelerator's University City HQ. (Photo by Juliana Reyes)

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NewImage

3D printing has improved so many different products and industries. It has led to medical breakthroughs. It has simplified the process of architectural and city planning. And it has even made it simpler for entrepreneurs in a variety of industries to build and test prototypes. And now, 3D printing is making an impact on a new type of product — 3D printed pancakes.

 

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