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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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Calling all college seniors: If you’re anything like me, you’re constantly thinking about when you should start the dreaded job search. I mean, how early is too early to start sending out your résumé? The thing is, there’s not really one right answer. The best time to start applying for a post-grad gig varies from industry to industry—and sometimes drastically. With that in mind, I dug a little deeper for you, doing my best to answer the big "Do I need to start job hunting already?" question for a number of different fields. Consider this your ultimate job search timeline.

Image: http://www.fastcompany.com

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checkmarks

Many entrepreneurs call their startup business their “baby.” When you take a look at the time people put into their businesses, it’s no wonder. Your startup is a reflection of your biggest aspirations. And nothing is better than watching those aspirations bloom into a tangible, booming enterprise. With that being said, nothing is worse than watching it fail. Make sure your startup blossoms instead of breaks with these five tips.

 

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Karlin is a journalist and columnist with the Irish Times focusing on technology, with a special interest in the political, social, business and cultural aspects of information and communication technologies. She has been a contributor to a wide range of Irish and international publications, including The Guardian, New Scientist, Wired.com, Salon.com, Red Herring, The Scientist and The Sunday Times. She holds a PhD from Trinity College.

Have we reached peak entrepreneur? Not entrepreneur in the sense of hugely successful people with business acumen and creativity and – oh, alright, I’ll use the dreaded, intensely overused I-word – innovation. All evidence shows we’ve no shortage, though perhaps no great increase, either, in those.

 

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JAYSON DEMERS

Few people venture into entrepreneurship as their first gig. Compared to traditional professional careers, entrepreneurship is risky, demanding and requires more capital at the outset. Working a steady job prior to becoming an entrepreneur gives you the skills, experiences, insights and money that you need in order to be successful.

 

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invest

NEW YORK (TheStreet) -- Unless you're living in a cave, you've probably heard about crowdfunding, but you may be wondering how it compares to traditional investing and whether it can fit into your investment plans. 

What's exciting is that crowdfunding now gives you more choices than just purchasing stocks and bonds through brokerages that may charge high fees.

 

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Jacob Morgan

Was Google Glass an invention or an innovation? What about the iPhone or Post-it Notes? I would argue that Google Glass was an invention while the rest of the the things are innovations. Innovation is consistently ranked as one of the top priorities for business executives around the world, especially as the world of work continues to change at an increasingly rapid pace. The difference between invention and innovation is subtle yet important. Invention creates an ability but innovation takes that ability and allows it to scale and create some kind of a market impact. I’ve explored the importance of creating innovation ecosystems a few ago in a series called, The Innovation Ecosystem For The Future of Work. In the latest episode of the #futurein5 I share more about the difference between invention and innovation and would love to hear your thoughts on this topic as well!

 

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Ray Leach

For me it was 100 pounds of popcorn.

Not actual popcorn, mind you, but a book I read in the second grade called "100 Pounds of Popcorn," written by Hazel Krantz. Reading it again now, it's a pretty standard Beverly Cleary style children's story featuring a whole host of wholesome 50's characters (think "Leave it To Beaver"). But what sets this particular book apart from others I read as a child is that its plot revolves entirely around what it takes to be a successful entrepreneur.

 

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Emerging Eden Prairie CEOs with between 10 and 99 employees have an opportunity to participate in a free Hennepin County program to help their businesses grow. The city is hosting an informational meeting about the Economic Gardening Program at 7:30 a.m. Monday, Sept. 14, at Eden Prairie City Center, 8080 Mitchell Road. Eden Prairie Economic Development Director David Lindahl said that the CEOs can participate in CEO roundtables, CEO forums and receive help with research and other services through the free program.

Image: Photo courtesy of the city of Eden Prairie

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switzerland

When you think of tech innovation, places like Silicon Valley and Boston spring to mind. But flying under the world's radar is Switzerland, where inventions like a solar plane that just completed the longest solo-flight ever without fuel are born. And while Europe was busy debating bitcoin's future, Switzerland already opened up the region's first bitcoin ATM earlier this year.

 

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forbes

NEW YORK (September 9, 2015) –Forbes launched its Health, Science & Innovation September 28 magazine issue, featuring the 30-year-old behind biotech’s biggest IPO, Vivek Ramaswamy, on the cover. Cover story Boy in the Bubble (p. 80) details how a former hedge fund trader has become the wonder kid of biotech. Ramaswamy says he has found an ingenious new model for drug development using Wall Street tactics and is engineering several deals that rescue drugs forgotten by the big firms. He bought an Alzheimer’s drug from a large pharmaceutical company for $5 million less than a year ago and built a publicly traded company around it that is now worth more than $1 billion. Some think that’s simply a sign that there is a bubble in biotechnology stocks, but Forbes explains Ramaswamy’s methods and reveals his story for the first time.

 

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Greg Ryan

Silversmith Capital Partners, an private equity firm founded earlier this year by former managing directors at Bain Capital Ventures and Spectrum Equity, has closed on a $460 million fund that will focus on investments in healthcare and technology companies. The private equity fund, the Boston firm’s first, beat its original target by more than 30 percent, reaching its hard cap in just over three months.

 

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study

Nate Kornell would like to see a big step forward in the methods students use to prepare for tests. Kornell is a professor of psychology at Williams College whose research focuses on effective learning strategies. Teachers and students often do not employ such scientifically supported strategies, he notes—in part because superficial tests do not make them necessary. He offers two examples of instructional practices that could come into wider use if tests themselves made more rigorous demands.

 

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Alex Turnbull is the CEO & Founder of Groove (simple helpdesk software for small businesses) who loves to build startups and surf.

One of the things that I’m lucky to do because of this blog is hear from a lot of readers. They ask me for advice, bounce their ideas off of me and walk me through their business plans. And I love those conversations. I get a lot out of them. But one of the things that frustrates me is when I talk to people who ache to pursue their startup idea, but won’t. They focus on the reasons why things won’t work out.

 

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money

The Commerce Department last week announced that it awarded $3.2 million in grants to 20 small businesses to help them develop new, innovative technologies that address a wide range of issues from climate change to cybersecurity.

"The grants being awarded today will support entrepreneurs in their efforts to create solutions to pressing challenges in high-growth industries, and in doing so, will help the American economy forward," said Commerce Secretary Penny Pritzker in a Sept. 4 press release.

 

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Chattanooga puts its mark on innovation downtown Times Free Press

Chattanooga's lofty dreams of building an innovation economy reached street level Wednesday as city crews painted portions of Market Street and hung banners on streetlights downtown to mark the city's new Innovation District, centered around the newly renovated Edney Building at Market and 11th Street.

Chattanooga Mayor Andy Berke said Wednesday the markings are more than just symbols of a refashioned downtown.

Image: Thomas Ray with Inview Graphics hangs new light... Photo by Doug Strickland /Times Free Press.

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Maryland state logo

COLLEGE PARK, Md., Sept. 9, 2015 /PRNewswire-USNewswire/ -- Fifteen Maryland technology startups and one medium-sized company are partnering with faculty members from the state's public universities for projects that bring new products closer to market, University of Maryland officials announce today.

Approved through UMD's Maryland Industrial Partnerships (MIPS) program, the research and development projects, worth $3 million, span the state, its universities and technologies, including products that advance clean or efficient energy, biotechnology, software, construction, chemical sensors and aquaculture.

 

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travel

We all have them. Heck, maybe you are one of them. Those Facebook friends who get to travel all over the country or the world for their jobs. Instead of being stuck in the same office day after day, frequent business travelers are taking three or four business trips a month. While you’re annoyed by Kim from accounting's smelly lunch, your frequent business traveler friends are checking in at LAX, PEK, DBX, and LHR. They’re posting Instagram snaps of the view of the cherry blossoms from their hotel room in Tokyo or of that excellent escargot from that little cafe along the Champs-Élysées, all on their company’s dime. They really are living the life, it seems—or are they?

 

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There is an old saying that good lawyers run away from risk, while good businessmen run towards risk. Entrepreneurs see “no risk” as meaning “no reward.” In reality, all risks are not the same. Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure.

 

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accelerator

Four years ago, Nick Miller and Adam Zilberbaum were working 16-hour days trying to build Parking Panda, an online service that lets people reserve vehicle parking in advance of events and nights out. But instead of heading off to business school, they went to the Entrepreneurs Roundtable Accelerator in New York City.

 

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