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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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The United Nations agency that guards intellectual property rights has ranked countries according to how innovative they are.

Switzerland is the most innovative country in the world, according to the latest Global Innovation Index published in July by the UN’s World Intellectual Property Organization (WIPO). But for the first time, Israel has also joined the ranks of the top 10 most innovative countries, while Vietnam and Rwanda are leading their respective income groups

Image: https://www.undispatch.com

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teacher

Teachers have the incredibly important job of educating the next generation of Americans, but how much they're paid varies widely across the country.

Nationwide, the average public school teacher salary for the 2017-2018 school year was $60,483, according to data from the Department of Education's National Center for Education Statistics. While the nominal teacher salary has increased over the last couple decades, when adjusted for inflation, average salary has dropped over time — about 1.3% lower than the $61,275 (in 2017-18 dollars) average in the 1999-2000 school year.

 

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KCRise Fund launches second 30M fund makes first 3 investments Kansas City Business Journal

KCRise Fund closed out its first fund and launched a second fund, which is focused on making venture capital investments in high-growth, early-stage technology companies in Kansas and the western half of Missouri.

The KCRise Fund II is targeting a size of about $30 million. Like the first fund, it's a sidecar fund, investing alongside other venture capital funds. However, it invested only in Kansas City-area companies seeking at least $1 million in Series A financing.

Image: Darcy Howe is managing director of the KCRise Fund, which was founded to encourage more venture capital investment in the Kansas City area. - ANDREW GRUMKE | KCBJ

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pediatric healthcare

Kolaleh Eskandanian, PhD, is the vice president and chief innovation officer of Children's National Health System in Washington, D.C.

Here, Dr. Eskandanian outlines the big cybersecurity challenges and how she expects her role as the chief innovation officer at Children's National to evolve over the next few years.

Question: What emerging trend or technology in cybersecurity are you most interested in today and why?

 

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fish oil pills

After decades of promises that they “may work” to reduce cardiovascular the lack of demonstrated benefit leads me to conclude that consumers are wasting their money

Every 38 seconds, someone in the U.S. dies from cardiovascular disease. Even more worrisome: deaths from cardiovascular disease have been rising dramatically since 2011 following years of decline. Strokes, heart attacks and other cardiovascular events cause great suffering and are an enormous health care burden.

 

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Indiana launches first of its kind 5G Zone to advance innovation and related technologies Purdue University News

INDIANAPOLIS – Indiana will launch a new 5G hub to drive the testing and development of 5G-enabled technologies and assist businesses and innovators by propelling research and development with faster speeds, lower data latency and increased reliability.

As one of only two metro areas in the U.S. selected for the launch of both AT&T and Verizon 5G broadband networks, Indiana’s capital city is uniquely positioned to be at the center of global advancements and growth in 5G.

 

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(NewImageCNN)Twelve of the nation's largest telecommunications companies and attorneys general from all 50 states plus DC announced a voluntary agreement Thursday to prevent and punish illegal robocallers.

It's the latest move by regulators and law enforcement to push back against the growing tide of unwanted and even illegal calls from telemarketers and scammers.

Image: https://www.cnn.com

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If Philadelphia ever wants to compete with the likes of Silicon Valley and New York City, it needs to fund the innovative ideas and rapid growth of start-ups.

And we’re well on our way: Venture capital investments to Philly-based companies set a record in 2018, injecting about $1.4 billion and propelling the City of Brotherly (and Sisterly) Love into the top 10 regions for venture activity.

Image: TOM GRALISH / STAFF PHOTOGRAPHER

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small town

IT WAS THE spring of 2010 and Erik Johnson had just graduated from the University of Vermont with a bachelor’s in economics. Two years prior, Johnson had moved to Burlington from Boston to finish his degree, attracted by the Green Mountain State’s natural beauty and laid-back culture. Vermont had a lot of perks for an avid trail runner like Johnson, but he quickly learned that job opportunities were not among them. After a nearly year-long search, Johnson was grateful to land a gig as a webmaster at a local company. It didn’t pay much, but it was better than nothing. Still, he concluded that Vermont’s largest city (population 42,000) didn’t offer much in the way of career advancement. So when Johnson was offered a job at a research university in Boston the following year, he jumped at the opportunity.

 

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Tine Thygesen

Crunchbase, the world’s leading database for venture-backed startups, has published a report detailing the gender split of venture investments made in the first two quarters of 2019. The report shows that female-started companies received only 3% of the combined invested capital.

Companies with male founders secured 89% of the invested capital, while female-founded companies received 3%. The remaining 8% was received by companies with both male and female cofounders.

 

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Carrie McCabe

I recently looked at a few of the largest US banks’ private equity solutions for HNW.  Even with the perspective of having worked with alternative investments for some time, I was surprised by the extra level of fees charged HNW clients.

Start with the alternative investment itself.  Certainly the private equity firms have pricing power in this current seller’s market—in my recent Forbes column “Not Enough Private Equity To Go Around”, I shared that Preqin estimated that there was a record $2 trillion in “dry powder”, or unspent money, in private funds globally, with over $1.2 trillion of that total $2 trillion being earmarked for private equity.  

 

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