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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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‘Disruption’ is usually viewed in the context of a paradigm being changed and is often accompanied by the sense that it couldn’t have been anticipated. Yet, ask almost anyone if they expect their business to be disrupted and the answer will be ‘Yes’.

This is backed up by PwC’s latest research. Of 1300 respondents in its 18th Annual Global CEO Survey, 62% expressed concern about the impact of disruption in their industry, with Australian business leaders even more likely to anticipate disruptive trends than their global counterparts.

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Our Web & Mobile accelerator program 2015 has begun! To get off to a flying start, the 10 startups joining the program gathered at Rockstart Spaces today to receive some valuable tips on how to get the most out of an accelerator program and the people you meet from our mentors Paul Veugen (founder of Human.co) and Stefano Cutello (founder of Pastbook and Rockstart Accelerator 2012 alumnus). Here’s a list of their suggestions to keep in mind:

Image: http://www.rockstart.com

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family

The millennial generation has had much to endure – a still-poor job market, high housing prices and a generally sour political atmosphere. But perhaps the final indignity has been the tendency for millennials to be spoken for by older generations, notably, well-placed boomers, who often seem to impose their own ideological fantasies, without actually finding out what the younger cohort really wants. The reality, in this case, turns out far different than what is bespoken by others.

 

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Four years ago my life took a detour.

I invited 88 entrepreneurs to come and create a software business at The Foundation.  They came with no idea, limited cash, and no experience in software.

I wanted to prove the impossible.

I wanted to prove anyone could start a software business when they had nothing.

We did it. It worked.

Image: http://under30ceo.com

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people

The following answers are provided by Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

 

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The combination of sea, mountains and desert, plus the constant sunshine, makes this lush area a playland the year round.” So intones the narrator of a 1958 promotional film extolling the virtues of California’s largest lake, the Salton Sea, 150 miles east of Los Angeles. The pitch was aimed at potential investors and homesteaders eager to leave the crowded and expensive city behind. This was going to be the next Palm Springs, but with water.

Image: Once bustling with pleasure craft, this is what remains of the Salton Sea Beach Marina. (Photos by David Kidd)

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coaching

Imagine showing up to play an important college basketball game on a fabled rival’s home court, only to find you’ve forgotten your shoes. Now consider what to expect from your coach, after losing the game. A royal chewing out for not having your head in the game? The cold shoulder? Worse?

 

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chicken or the edd

What’s more critical to producing a breakthrough innovation – finding creative people or finding creative ideas? This is a question Pixar head Ed Catmull has asked a great many people, and he says they tend to be pretty much split on it 50/50.

This astonished Catmull. Fresh off eight blockbuster successes in a row in 2008, he was arguing in his article “How Pixar Fosters Collective Creativity” that people exaggerate the importance of the initial idea, whereas, as he put it simply, “talent is rare.”

 

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Seoul, Mar. 2 (Korea Bizwire) — Samsung Group will develop about 400 ‘smart factories’ in Gyeongsangbuk-do in collaboration with the Gyeongbuk Creative Economy Center, by 2017. The partners will jointly develop fully automated assembly factories based on MES (Manufacturing Execution System) and IoT (Internet Of Things) technologies.

These factories will be also equipped with tailored intelligent ultrafine machining systems and simulation techniques. Samsung is planning to establish about 100 factories by the end of this year.

Image: Samsung Group will develop about 400 ‘smart factories’ in Gyeongsangbuk-do by 2017. (image: Yonhap)

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office

For as long as I can remember I have been a morning person. I need seven hours of sleep on the regular, and I do my best thinking in the morning. Mornings are my time for solo creative work; afternoons are perfect for collaborative group projects and meetings; evenings are strictly downtime. If I am feeling particularly inspired, a post-dinner burst of energy might come, but more often than not my work schedule is dictated by the day’s light. Once the sun sets, I stop working.

 

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sunset

If you Google "morning routine," you’ll receive more than 24 million search results, and for good reason: Early risers seem to get more done and live happier lives.

Some of the most successful entrepreneurs understand the benefits of having an early-morning routine: Starbucks’s Howard Schultz, GE’s Jeff Immelt, and Xerox’s Ursula Burns are just some of the early birds famous for rising before 6 a.m. to get ahead on their work.

 

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money

Last May, JPMorgan Chase pledged $100 million over five years to help revitalize the city of Detroit. What made them decide this was an investment they had to make? "We're the largest bank here, consumer bank, middle market bank and large corporate bank. We invested here," Dimon said. "And you know, we're patriotic. We want to see Detroit revive, grow and start to thrive again."

During its Small Business Forward event at Washington University in St. Louis, JPMorgan Chase also announced a $125,000 grant to BioSTL. This brings JPMorgan’s total support of BioSTL to $250,000.

 

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On Feb. 19, the U.S. Food and Drug Administration took a huge step towards patient-centric medicine when it approved the marketing of genetics testing company 23andMe’s carrier test for Bloom Syndrome. This was a startling — and good — development because it affirmed the rights of consumers to drive their own health-care decisions and procedures. But it also means that it has become urgent to develop policies to regulate the rights of companies to resell data derived from the contents of our DNA and from our medical records.

Image: 23andMe co-founder Anne Wojcicki has been hampered by regulation. (David Paul Morris/Bloomberg)

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Companies are finding it increasingly difficult to be innovative as they struggle to keep up with the ever-changing needs and demands of today’s consumer. This is especially true of larger, process-driven companies. Unsurprisingly, smaller companies who unencumbered by large scales of operation are able to be more innovative, taking their solutions to the market in a more timely fashion.

Image: http://memeburn.com

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virtual reality

Logically, I know there isn’t a hulking four-armed, twisty-horned blue monster clomping in circles in front of me, but it sure as hell looks like it.

I’m sitting behind a workbench in a white-walled room in Dania Beach, Florida, in the office of a secretive startup called Magic Leap. I’m staring wide-eyed through a pair of lenses attached to what looks like metal scaffolding that towers over my head and contains a bunch of electronics and lenses. It’s an early prototype of the company’s so-called cinematic- reality technology, which makes it possible for me to believe that the muscular beast with the gruff expression and two sets of swinging arms is actually in the room with me, hovering about seven feet in front of my face.

 

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bananas

Eating healthy shouldn’t be complicated. To make it simple, TIME has curated a list of the 50 healthiest foods you should be eating now.

We asked registered dietitian Tina Ruggiero, author of the The Truly Healthy Family Cookbook, to break down why each of these foods is a powerhouse. We also pulled in the nutritional information and asked our friends at Cooking Light to hook us up with some creative recipes to make sure eating these on a regular basis is no-excuses easy.

 

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SAN MATEO, Calif. — As a third-generation venture capitalist, Tim Draper gauges the motivation of entrepreneurs who pitch him. Are they true believers or opportunists? Are they committed for the long haul, or just hoping to cash out?

Now that he’s proposed slicing California into six pieces, the eccentric multimillionaire faces a similar kind of scrutiny. People across the state have gotten their first look at the rumpled tycoon with overgrown eyebrows and a fistful of maps and asked themselves — “Who the hell is this guy?”

Image: Venture capitalist Tim Draper speaks to students before their graduation ceremony at Draper University of Heroes in San Mateo, Calif., last year. (JOHN GREEN/TNS)

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An all-pervasive mobile computing platform has been the great hope of tech investors for the better part of the decade: a successor to the PC-and-server world, it would provide the foundation for the next generation of Googles or ebooks. Now, as that promise starts to show signs of being fulfilled, the money is pouring in. In the US, the amount of venture capital investment in mobile more than doubled last year, hitting $7.8bn, according to CB Insights, which gathers start-up data. That represents 16 per cent of all the money invested by venture capitalists during the year.

Image: http://www.ft.com

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lift off

Today, our new frontiers lie in space, which humanity must eventually colonize for minerals, energy and new homelands. As Carl Sagan observed, “All civilizations become either space-faring, or extinct.”

Space exploration is a force of nature unto itself that no other force in society can rival. — Neil deGrasse Tyson The commercialization of space began in 1965 with the deployment of the first private communications satellite IntelSat1, only 4 years after US FCC Commissioner Craven saw “no chance communications space satellites will be used to provide better telephone, telegraph, television, or radio service inside the United States.”

 

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When entrepreneur David Ciccarelli starts pounding the pavement for new business in New York this week it won’t be in a crumpled suit while dragging a roller bag fresh off a flight from Canada.

The founder and chief executive of voice talent matching service Voices.com is temporarily setting up shop in Times Square, alongside five other Canadian-based technology companies, as part of the Canadian Technology Accelerator (CTA) in New York digital tech program.

Image: http://www.theglobeandmail.com

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