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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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Kavitha, a Canadian national, played tennis from a very early age. Her sporting skills and academic prowess earned her a place at Princeton and Oxford universities, as well as a spot on junior Grand Slam tournaments such as the U.S. Open and Wimbledon. Several years on the pro circuit brought her satisfaction but also pain and loneliness. After winning several championships, she decided to leverage her habits of hard work, persistence, resilience and discipline to transition towards the world of business.

 

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You can’t give an effective presentation–or do much of anything at work, for that matter–without looking and sounding credible. And fortunately, there are many ways for presenters to appear confident and sound like they know their stuff.

Unfortunately, there are also many ways to do the opposite. And that can be as simple as saying the wrong thing. Here are three common phrases that can sap your credibility if you don’t make an effort to avoid them.

Image: NeONBRAND/Unsplash

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Howard Marks

Entrepreneurs who are lucky enough to receive funding from a Venture Capital firm are eligible for a double whammy: Venture Debt. This obscure form of funding isn’t even tracked by the National Venture Capital Association, which publishes market data and statistics on venture capital.

 

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graduates

It’s been a slow climb, but after a decade of steady recovery, young graduates’ economic prospects overall are the brightest since 2007. Wages have been rising since 2012, and recently surpassed the benchmark set in 2000.

According to the Economic Policy Institute,  challenges still remain. Remember that the economy at the beginning of the recession was in freefall, and nothing compared to more prosperous times in the ’90s and early 2000s.

 

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collaboration

It can be draining to work with a perfectionist. While it’s great to work with colleagues who care about the quality of their work, perfectionists take it a step further. Their unrelenting standards can result in unnecessary stress, conflict, and missed deadlines due to a failure to prioritize the big picture over the details. If you try to remind them that “perfect is the enemy of finished,” they may see you as a corner-cutter. Perfectionism is common enough that we’ll all eventually encounter perfectionists in the workplace.

 

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The Creating Wealth through Business Improvements report from BMO Wealth Management reveals 60 percent of small business owners never apply for funding to support innovation.

With the development of digital technology and advances in smartphones, apps, artificial intelligence, and social media to name a few, small businesses have to support and implement the latest innovation as quickly as possible. According to the report, innovation drives financial success for businesses of any size.

Image: https://smallbiztrends.com

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Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm.

Image: https://blog.startupprofessionals.com

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nightscape

During one of the stops on the Amazon HQ2 roadshow, a team of officials visited Raleigh-Durham in North Carolina seeking to learn more about whether the area was a good fit for the sought-after $5 billion project. According to the Washington Post, one of the items on the agenda was House Bill 2, the 2016 “bathroom bill” decried by many tech companies.

 

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virus

If all goes according to plan, the annual flu shot protects about 60 percent of vaccinated people. This year’s inoculation, of course, fell far short of such expectations, safeguarding only one in four vaccinated people who encountered the dominant H3N2 strain. This shortfall injected further momentum into the push to create a universal vaccine that protects against many flu types over time.

 

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Innovation is no longer optional for social sector organizations. In the face of constant fiscal pressures, growing demand, and a quickening pace of change, we all need to build innovation-ready cultures. A report commissioned by our organization, Alliance for Strong Families and Communities, looked at the financial data of more than 200,000 nonprofits in the United States and found that community-based, human-service organizations are in financial peril. Nearly one in eight human service nonprofits are technically insolvent, and nearly half have a negative operating margin over a three-year period.

Image: https://ssir.org/

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The Ann Arbor-based Renaissance Venture Capital Fund, created in 2008 as an affiliate of Business Leaders for Michigan, has finished raising its third and largest fund of $81 million.

Renaissance is a fund of funds, investing in other venture-capital firms that are willing to invest in Michigan companies, many of them early-stage tech companies. Previously, it raised funds of $45 million and $79 million.

Image: Renaissance Venture Capital Fund “Each time we’ve got more organizations involved. It’s great validation as our reach gets larger." — Chris Rizik, Renaissance Venture Capital Fund CEO and fund manager

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