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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.

You are paddleboarding next to approximately 15 great white sharks chopper tells Calif beachgoers The Washington Post

“You are paddleboarding next to approximately 15 great white sharks,” Deputy Brian Stockbridge announced via a loudspeaker.

Stockbridge was in a helicopter, flying off the coast of Dana Point in Orange County, Calif., at about 2 p.m. local time on Wednesday. And, indeed, swimming in the Pacific Ocean below and clearly visible from the air, were several great white sharks. Their fins rose menacingly from the water as they glided back and forth.

Image: https://www.washingtonpost.com/

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EDA

The U.S. Department of Commerce’s Economic Development Administration (EDA) today published the Notice of Funding Availability (NOFA) for its 2017 Regional Innovations Strategies (RIS) program. The application period will close June 23, 2017.

 The $17 million being made available through the RIS NOFA will help to spur innovation capacity-building activities in regions across the nation. Under this competition, EDA is seeking applications for two separate funding opportunities: the i6 Challenge and the Seed Fund Support (SFS) Grant competition.

 

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NewImage

Americans seem to be curbing their love affair with the suburbs as millennials move to major metropolitan areas for the excitement and amenities of city living. But this shift is creating challenges of its own — increasingly unaffordable housing, rising inequality and strains on aging infrastructure, among other consequences. Author Richard Florida, a professor at the University of Toronto, calls it The New Urban Crisis, which is also the title of his book. He discussed his findings on the [email protected] show, which airs on SiriusXM channel 111.

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

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Bill Baumel, Ohio Innovation Fund

Ohio Innovation Fund LLC, the venture capital fund created by Ohio State University and Ohio University, has added at least $5 million to an investment pool that now totals $40 million, according to a regulatory filing. It's from as-yet-unidentified new limited partners.

Image: Bill Baumel, Ohio Innovation Fund - http://www.bizjournals.com

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skill

A common misconception is that innovation can’t be taught. Similar to how some people believe that artists are born, not made – innovation has often seemed to be the purview of the great thinkers, the elite, people whose creativity is given, not a matter of practice… The good news is that in a recent study by the authors of the Innovator’s DNA, researchers put sets of identical and fraternal twins through creative thinking tests and discovered that only 25 percent to 40 percent of creative performance could be attributed to genetics alone, which means that the majority of creative thought can be cultivated.

 

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success

“If you build it, they will come.” It's a line from an old movie "Field of Dreams" which is still leading to the demise of too many startups, led by entrepreneurs who really started their business to build an exciting new product or service. Most struggle with the idea and practice of marketing and sales, and see these as a necessary evil, if even required.

Of course, for a price, there are many marketing organizations and gurus willing to come to your aid. But marketing is not “rocket science,” so I’m a big proponent of self-help and practicing the pragmatics in-house first

 

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Joseph Allen

What's the definition of "doing the same thing repeatedly and expecting a different result?" If you said "a good idea," you might want to consider a career in politics.

Many in Congress want to impose price controls on medicines that result from federally funded research. We've tried this before, and it nearly brought medical research and development to a halt. 

 

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convertible

Since accelerator Y Combinator introduced the SAFE, or structured agreement for future equity, in late 2013, they have become a popular instrument for pre-seed stage deals, particularly on the West Coast. While some investors love the innovation, I’m with New York angel David Rose in his lack of enthusiasm for the new instrument. Angel investors give up too much by replacing their convertible note with SAFEs.

 

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NewImage

Advances in cognitive neuroscience are enabling insights into the brain like never before. Neuroscientist Friederike Fabritius and Hans Hagemann, co-founder of the Munich Leadership Group, combine science with management consulting to discover which techniques for peak performance actually work, in their book The Leading Brain: Powerful Science-Based Strategies for Achieving Peak Performance. Hagemann recently joined the [email protected] show, which airs on SiriusXM channel 111, to discuss science-based strategies for peak performance.

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

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Meiko Patton

Would you agree or disagree with each of the following statements?

  • I wish I had fewer problems in life. 
  • I wish I didn’t have to struggle so much in life.
  • I wish I had the opportunities that other people have. 

If you agreed to any one of the above statements, then you are not thinking like an incredibly successful person. Success leaves clues. What clues can we glean from incredibly successful people? Let’s break down each of the above statements.

 

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cooperation

How should teams of experts working on knowledge-intensive projects be structured? Should they be hierarchical? Or will flexible, self-organized groups perform better? 

Teams often struggle with how to get the most value from the members’ expertise, to minimize conflict, to integrate their diverse expertise, and to leverage it during all phases of a project.

 

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