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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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Back in 2001, two computer scientists, Paul Viola and Michael Jones, triggered a revolution in the field of computer face detection. After years of stagnation, these guys’ breakthrough was an algorithm that could spot faces in an image in real time. Indeed, the so-called Viola-Jones algorithm was so fast and simple that it was soon built into standard point and shoot cameras.

Image: http://www.technologyreview.com

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banking

In the latest “Gates Notes” annual letter, Microsoft founder and philanthropist Bill Gates wrote about the impact smart phones and mobile banking will have in the next 15 years. He observed that “digital banking will give the poor more control over their assets and help them transform their lives and by 2030, 2-billion people who don’t have a bank account today will be storing money and making payment with their phones”.

 

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STEVE SPONSELLER

Many entrepreneurs fail to leverage innovative ideas in their business. They want to grow their business and offer products with a competitive edge but neglect techniques and systems that generate a flood of valuable ideas. As an innovation strategist, my job is to help clients avoid falling prey to one of these common mistakes.

 

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JOHN DOERR, A managing partner at Kleiner, Perkins, Caufield and Byers, is considered a king-maker of sorts in the world of tech. He sits on the boards of as many as 80 technology companies, including Google, and has led KPCB’s investments in such once-obscure startups as Amazon, Twitter, and Intuit.

Image: Venture capitalist John Doerr arrives at San Francisco Superior Court where he is set to testify on Tuesday in a gender discrimination trial involving his firm, Kleiner Perkins Caufield & Byers, March 3, 2015. ROBERT GALBRAITH/REUTERS/LANDOV

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desktop

We’re a culture obsessed with improvement. It’s why late-night TV is littered with infomercials for miracle diet pills and the perfect pillow.

But we spend even more time working than we do sleeping or eating. In fact, the average American will spend roughly 90,000 hours on the job, which is why our workday is such a vital part of our lives to get right. If you’ve ever fantasized about creating the ideal workday, keep reading.

 

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ITIF Logo

Please join ITIF for discussion of a thought-provoking new report, Technology: Reshaping the Global Economy, by Standard Chartered, which assesses the impact transformative digital technologies—including mobile, big data, robotics, 3D-printing, and artificial intelligence—will have on the development strategies of both emerging and developed economies. The report articulates the significant impacts digital technologies will have on business strategy and public policy, documenting how they will reshape developing countries’ roles in the global production system and can help developed nations avoid secular stagnation.

 

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In my years of mentoring entrepreneurs, a problem I have seen too often is low self-esteem, and over-compensating through arrogance and ego. These entrepreneurs find it hard to respect customers or team members, and their ventures usually fail. As a team member, low self-esteem leads to low confidence, poor productivity, and no job satisfaction. Fortunately, both can be fixed.

 

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Yes, millennials are moving to the urban cores but not in significant numbers when view from the context of larger city (metropolitan area) trends. That's the updated story, based on new small area data that approximates the year 2011 (Note: ACS 5-Year Data).

Small area trends are important to understanding developments in metropolitan areas, because conventional municipal jurisdiction based analysis obscures the extent of large suburban areas within the boundaries of most core municipalities. In 2010, approximately 58% of the population in core municipalities lived in small areas that were essentially suburban, with much lower population densities than areas that developed before World War II, and where nearly all motorized travel is by car.

Image: http://www.newgeography.com 

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http://www.freedigitalphotos.net/images/newton-cradle-shows-energy-and-action-photo-p215281

Q: What is disruptive innovation?

A: Depends on who you ask.

The blogosphere is so stuffed with discussion about disruptive innovation that there's now a mobile app that replaces the overused word "disrupt" on every web page.

In a Wall Street Journal piece, Mark W. Johnson refocuses the disruptive conversation around the true meaning of disruptive innovation. Here's what he says that disruptive innovation is not: Being better than what currently exists, or being cooler, faster, based around a more advanced technology or any new technology at all.

image: http://www.freedigitalphotos.net 

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david mount

Interest in the Internet of Things has focused on the connected home, with attention to newly designed thermostats, lights, and security systems. Yet the connected home is just the first wave of a greater transition toward “smart, connected products” throughout the economy. The next wave, focusing on what is known as the Industrial Internet, may have an even more transformative effect on our lives.

 

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fuel

If there is one case study in startupland that will haunt investors and entrepreneurs for years to come, it's Fab.

The former design flash-sale site pivoted more times than Madonna reinvented herself—and today, the sorry story of Fab came to an anticlimactic resolution. After raising $325 million from everyone from Andreessen Horowitz to China's Tencent at a billion dollar valuation, the shell of Fab's formerly fab self (sorry) has finally sold to PCH for, reportedly, a meager $7 million in cash and $8 million in stock.

 

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Private investors in apps and other ventures that fail are getting "crushed," billionaire investor Mark Cuban said on Thursday.

"Small individual investors are putting their money into apps with no chance of getting their money back," the Dallas Mavericks owner and "Shark Tank" investor told CNBC's "Closing Bell."

 

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engineer

If anyone had devised a way to create a genetically engineered baby, I figured George Church would know about it.

At his labyrinthine laboratory on the Harvard Medical School campus, you can find researchers giving E. Coli a novel genetic code never seen in nature. Around another bend, others are carrying out a plan to use DNA engineering to resurrect the woolly mammoth. His lab, Church likes to say, is the center of a new technological genesis—one in which man rebuilds creation to suit himself.

 

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Reid Hoffman — the co-founder and chairman of LinkedIn and partner at the venture capital firm Greylock — is a preeminent Silicon Valley strategist. I recently ended my tour of duty as Reid’s chief of staff and wrote a long essay about that experience — “10,000 Hours with Reid Hoffman: Lessons Learned on Business and Life.” These are the two major strategic decision-making lessons that I learned from working so closely with him.

Image: https://hbr.org 

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Suppose that later this evening, after you have stepped away from your keyboard, put on your coat, and traveled home for supper, your organization underwent a magical transformation, reshaping itself into the world’s best workplace.

How would you know? What would be different the next time you entered the building?

image: http://www.freedigitalphotos.net 

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As an entrepreneur, you are a risk taker who not only sees the world differently, but who is ready, willing and inspired to change it.

Maybe you’ve always been a disrupter, an eternal optimist, or an innovative thinker. These traits may be problematic to the average person, but we’ll show you how the most effective entrepreneurs use them as a springboard to the kind of success and fulfillment most people only dream about.

Using the insights of business greats, the Entrepreneur® Coaches will show you what you can do to achieve your goals and build the business you envision.

image: http://www.freedigitalphotos.net 

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Located on route I-90 in Western NY, between Lake Ontario and the Finger Lakes wine region, the Rochester, NY Region offers a unique combination of big city and small town lifestyles. We have an abundance of the resources essential for sustainable, long-term growth and development.

 

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How can you innovate?  Not once but over and over?  How can you repeatedly implement great new products, processes or services?  Continuous innovation is not easy and if you keep using the same method you will experience diminishing results.  Try innovating how you innovate by employing some of these ideas.

image: http://www.freedigitalphotos.net 

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