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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.

money

Though the role of a CFO is changing rapidly, a few financial topics remain consistent. One of those is cash flow – the movement of money in and out of your business. Measurements of cash flow can give you insight into your company’s value and financial health at any period in time. A Statement of Cash Flows indicates how cash has been allocated and whether it has increased or decreased over time.  It is also less subjective to accounting decisions than an Income Statement, which is important when comparing a company’s performance versus others in the industry. When looking at a statement of cash flows, it’s important to highlight the most telling numbers first, the beginning and ending balances. These figures give you the big picture of your company’s sales and spending. 

 

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STEPHEN KEY

A few years ago, I received a call out of the blue from the publishing company McGraw-Hill. Did I want to write a book, the person on the line wondered.

Huh? Me?

I was shocked and flattered. But what did I know about writing a book? Absolutely nothing. I knew I would have to invest a lot of my time and I wasn’t sure how my business would benefit. So I asked a few friends who had written books for their advice.

 

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ideas

There really is no one-size-fits-all approach to inventing that can be claimed to be a road-map to success that will work in all cases. Notwithstanding, there are certainly a number of things that can and should be done early in the inventing process if an inventor is going to pursue inventing as more than a hobby. I continually preach to inventors the need to follow what I call a “business responsible” approach, which is really just my way of counseling inventors to remember that the goal is to not only invent but to hopefully make some money. Truthfully, the goal is to make more money than what has been invested, which is how the United States Congress defined “success” in the American Inventors Protection Act of 1999.  The odds of being successful with one of your inventions increase dramatically if you engage in some simple steps to ensure you are not investing time and money on an invention that has little promise.

 

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Who wants your money who needs your money on crowdfunding sites WMBFNews com Myrtle Beach Florence SC Weather

HORRY COUNTY, SC (WMBF) - There are more than 300 GoFundMe accounts set for people here in the Grand Strand asking for donations for everything to help with college tuition, abroad trips, and medical expenses.

With the help of social media, online donating is a lot easier but it can also be gamble.

For Sally and Stephen Schaffer, time together means everything. Stephen Schaffer, a Marine Corp/Army veteran was diagnosed with lung cancer back in 2013. His radiation treatments suddenly stopped working then just recently the couple was dealt even more devastating news. "They told us they had found more than 20 cancerous tumors all over his brain," said Schaffer's wife, Sally. 

 

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secret

Economists argue that we inhabit a new zone where the information economy is becoming the innovation economy. Innovation is the new economic and political reality. Bank presidents, farmers, gamers, and politicians agree that this is the hot zone. If innovation is the new global currency, then what is dark innovation?   Dark innovation is new stuff designed to hurt people and planet. For example, military leaders describe the new soldier, one that fights in the so-called dark Internet using tools seen in science fiction.

 

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Tom Harrold is a member in the international law firm of Miller & Martin in Atlanta, part of the World Law Group.

It’s no surprise that today more U.S. companies are looking for capital through a public offering. What may be surprising is that many of those companies are finding that capital in London.  

The London Stock Exchange in 1995 established the Alternative Investment Market (AIM), a unique way for emerging growth companies throughout the world to access growth capital with a public offering. Since London is now a virtual magnet for money and has the deepest pool of international capital looking for a good investment, AIM provides a fast-growing U.S. company with an ideal situation— wholesale, institutional investors with mountains of cash who are not happy with a one-third of 1 percent interest rate on money-market accounts.  

Image: Tom Harrold is a member in the international law firm of Miller & Martin in Atlanta, part of the World Law Group. 

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agriculture

When it comes to attracting venture capital from the Silicon Valley, the Sacramento region has had limited success over the decades. But that may be changing as investors increasingly focus on food.

Millions of dollars have flowed east in the past year into food technology startups working in the Sacramento region and the Central Valley, said people involved in the effort to establish Sacramento as a hub for food research and policy.

 

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NewImage

Delivered by DCU Ryan Academy in Dublin, Kauffman Fellows selected Propeller as the 7th best accelerator in Europe.

The only angel funded accelerator on the island, our funding comes solely from successful entrepreneurs. Not only do they invest during the accelerator, but several of our Propeller investors have followed their money and invested in subsequent rounds. The accelerator is delivered in partnership between the angel investors and DCU Ryan Academy.

 

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coka-cola machine

An advertising slogan is a short phrase that is meant to sum up your brand. A good one should be memorable, and for the right reasons. Throughout the years, brands have come up with plenty of memorable slogans, from “Just do it” to “Eat fresh.” But there have also been countless advertising slogans that people just don’t seem to like. So what factors separate the successful slogans from the unsuccessful ones, and how do you write a great tagline?

 

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question

When then-Maryland Gov. Martin O’Malley was wooing former tech entrepreneur Bryan Sivak to become his state’s new ideas guy, he asked what title Sivak thought he should have.

“Chief innovation officer,” suggested Sivak, who had just finished a stint as the District of Columbia’s chief technology officer. Initially O’Malley balked, Sivak said, because it “sounded kind of flaky.” But O’Malley, a Democrat and disciple of data-driven management, soon relented, and in 2011 Sivak became the first chief innovation officer of any state and possibly any U.S. city.

 

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Erc europa eu sites default files press release files erc pr poc 2014 second results pdf utm medium email utm campaign ERC News Alert 05 02 2015 utm source Newsletters YMLP utm term Bringing research to the mark

A simple blood test to diagnose breast cancer, a forensic device to trace the origin of tropical timber, and artificial veins inspired by marine sponges; these are some of the inventions to be developed by 59 outstanding researchers selected in the latest round of 'Proof of Concept' Grants from the European Research Council (ERC).

Worth up to €150,000 per grant, 'Proof of Concept' funding helps ERC grant holders to bridge the gap between their existing frontier research and its commercial applications. This top-up funding will enable the scientists to cover costs of technical validation, create a start- up to explore business opportunities, or establish intellectual property rights, for example.

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georgia

Georgia’s the life sciences hub you’ve never really thought about, or so says Russell Allen, a founder of the Bio/Med Investor Network, a new coalition of life science angels in Atlanta. The spanking-new network is looking for startups in the biomedical, medtech and health IT spaces.

Allen presented the business case for attracting life sciences startups to Georgia:

“With the CDC and all the great research universities, the life sciences scene is surprisingly strong here,” he said. “There’s also a very strong business climate in the state – it’s relatively low cost and the tax policy attracts a number of companies because it’s good compared to much of the rest of the country.”

 

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http://www.freedigitalphotos.net/images/Business_People_g201-Businessman_Crossed_Arm_p75607.html

Efforts by universities here to encourage entrepreneurship attest to its enduring importance in a knowledge-driven economy. The National University of Singapore has announced an additional investment in its entrepreneurial arm. Nanyang Technological University has a five-year plan to turn the technological innovations of its students and teachers into commercial successes. These plans tie in well with the Economic Development Board's vision of the country as an innovation centre for multinational corporations moving to Asia. Entrepreneurial initiatives help to place Singapore on the trajectory of advanced economic development, much as top entrepreneurial institutions such as Stanford University, the Massachusetts Institute of Technology, the University of California at Berkeley and Cornell University do for the United States.

image: http://www.freedigitalphotos.net 

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NewImage

I went to Marshalls several weeks ago and found this shirt that read, “When Nothing Goes Right Go Left.”  I chuckled at the sentence, but yet in its simplicity it was so profound.   2014 was a year of ebbs and flows, disappointments, hope restored and then lost, rejections and not as a great of year as I would’ve liked for my business.

I found my confidence tested in the midst of a challenging job market.  If I had a dollar for every recruiter or hiring manager who used the same line over and over again, “you were a great candidate, but….” and you can fill in the blank.  There were days when I was motivated to push through what seemed like an endless series of closed doors and there were other days where I just went through the motions, feeling like a failure in my professional life.

Image: http://under30ceo.com

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NewImage

Most startup enthusiasts and experts agree that there is no single magic formula or a steady path for building a successful startup. However, my experience across being part of a large venture-funded startup and launching 2 bootstrapped ventures has made few things clear to me.

1)    It’s all about ‘hustling’ – with all the right resources and the wind on your side, anyone & everyone would make it. That rarely, if ever, happens with a startup. Most success stories are built on persistence, grit & scraping through tough situations, holding on with your nails. When I first moved to a startup from my previous professions (consulting and investing), I learnt to appreciate much more the complexity of building & operating something tangible.

Image: http://beacon.wharton.upenn.edu

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NewImage

The Internet marketplace Alibaba has begun live trials of a drone-based delivery system in China, making it the latest e-commerce company to test remote-controlled copter deliveries with actual customers. It follows the Chinese courier company SF Express, which started experimenting with drone delivery more than a year ago.

Image: http://readwrite.com

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Carly-Fiorina-.png

House Republicans on Thursday restarted their campaign to reform U.S. patent laws, a bipartisan effort backed by heavyweights such as Google and Facebook that also has awakened protest from some conservatives who are fearful it will trample inventors’ protections.

Rep. Bob Goodlatte, Virginia Republican and House Judiciary Committee chairman, reintroduced the Innovation Act, which passed in the House last session by a vote of 325-91 but was killed in the Senate.

Image: Photo by: Charlie Neibergall "There are some problems in our patent system and there are people who use the threat of patents inappropriately, but here we have a vast, sweeping piece of legislation that causes more problems than it solves," said former Hewlett-Packard CEO Carly Fiorina. (Associated Press) 

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