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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 Bill & Melinda Gates Foundation has held a coming-out party for its nonprofit biotech startup. Equipped with plans to build a 120-person team and spend $100 million a year, the Gates Medical Research Institute (MRI) will turn drug industry expertise and processes on intractable diseases that kill millions of people annually in low- and middle-income countries.

Image: The Bill & Melinda Gates Foundation. (Jack at Wikipedia/CC BY-SA 2.0)

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Just a few years ago, experts indicated Americans (especially young Americans) were more interested in a different lifestyle than previous generations. Instead of owning a house in the suburbs, the new American dream consisted of renting an apartment in the city.

Recently, though, Americans of all ages have begun to leave major metropolitan areas like New York City and Los Angeles. Over the last five years, population growth in big cities has shrunk, and people are packing up and moving again.

Image: http://www.newgeography.com

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This is the first 3D printed home to actually host a family

A family of five in Nantes, France, is the first to move into a 3D printed home. The 3D printing method used to create this house was developed by the University of Nantes. According to BBC, this construction method is 20% less expensive than traditional building methods.

Image: https://mashable.com

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The National Institute of Standards and Technology issued a request for information seeking ideas for improving the public’s return on investment from federally supported R&D. Here’s my submission.

Thank you for providing an opportunity to make recommendations for increasing the commercialization of federally-funded R&D.  I was the Senate staffer involved in enacting the Bayh-Dole Act, oversaw its implementation and helped create the Federal Technology Transfer Act at the Department of Commerce, was Executive Director of Intellectual Property Owners, Inc., and served as President of the National Technology Transfer Center, created by Congress to assist in the development of inventions arising from government research.

Image: Left: Senator Birch Bayh (D-IN) and Right: Senator Robert Dole (R-KS). Dole Photograph Collection, University of Kansas - http://www.ipwatchdog.com

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More businesses are using social media in their marketing mix, and for some, it is the only platform they use. But how do you evaluate your return on investment or ROI when you decide to use social media marketing?

An infographic from MDG Advertising titled, “The ROI of Social Media” looks at the effectiveness of social media marketing and asks whether it is worth the investment.

Image: https://smallbiztrends.com

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times square NYC

Think of branding as you would meeting someone on a blind date. You dress to make a specific impression. You communicate in a way that makes the other person interested in knowing more. And, if things work out, you may nudge your way toward a second date.

 

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personality

The unchecked ambition and corporate tyranny of Elizabeth Holmes, the arrogance of Travis Kalanick, the sheer eccentricity of Elon Musk; entrepreneurs capture the imagination, fascinating and infuriating us in equal measure.

Despite their cultural popularity, the very hallmarks of the successful entrepreneur can make them, in person, difficult to understand and even more difficult to live with. The Harvard Business Report quoted Derek du Toit:  “It has been correctly stated that the biggest burden a growing company faces is having a full-blooded entrepreneur as its owner.”

 

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Recent estimates indicate that from drug discovery through FDA approval, developing a new medicine takes, on average, at least 10 years at a cost of $2.6 billion1 plus an estimated additional increase of $800 million since 2014. Is there a way that innovation can help to reduce these soaring costs?

Image: https://www.pharmaceuticalonline.com

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In a rapidly transforming job market, the best way to guarantee your own job security is to pick a field that’s on the upswing. But hot careers can vary widely by location — from software developer to animal trainer to credit counselor. (Hello, Michigan.)

To find the hottest up-and-coming jobs across the country, MONEY zeroed in on the fastest-growing occupation in every state, using short-term projections from Projections Managing Partnership, an organization associated with the Bureau of Labor Statistics. Using each occupation’s percentage of projected change between 2017 and 2019, we identified every state’s fastest-growing job, along with that occupation’s median salary.

 

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Prizes are a powerful spur to innovation and breakthroughs Financial Times

One foggy night in October 1707, Admiral Cloudesley Shovell grounded four British warships on the rocks of the Isles of Scilly leading to the loss of some 2,000 lives.

The distinguished admiral, like countless seafaring predecessors, had fallen victim to the curse of faulty navigation. Whereas sailors were able to plot their latitude with reasonable accuracy using the sun and stars as guides, they were unable to determine their longitude nearly as well. This was for the simple reason that the lines of latitude run parallel while those of longitude converge at the North and South Poles.

Image: https://www.ft.com

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Kimanzi Constable

In our minds, we understand that we'll experience rejection in our lives and as we build our businesses. But when it happens, it's a completely different scenario. Whether it's a "tiny" rejection or a major bump in the road, it's very easy to get lost in the overwhelming feeling of loss. One rejection can easily lead to days (or more) of ignoring business tasks while you binge-watching your favorite Netflix series.

 

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