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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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On behalf of AURP, and our BIO Health Caucus Co-Chairs Mark Romney and Rich Bendis, we would like to thank all who participated at the inaugural BIO Health Caucus, making it a grand success!

Each of our speakers and sessions shared significant insight into what is on the horizon for our global biomedical innovation district. Everyone's active presence was paramount in our ongoing mission to help the AURP community thrive. This gathering of bio-focused professionals served as an opportunity to establish, promote, and assemble health-related anchor institutions, creating new technologies, developing biotechnology partnerships, and improving health outcomes.

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MeiMei Fox

Copper Cow Coffee is one of the few women-led food and beverage brands to have raised venture capital. Sustainably sourced, biodegradable, compostable, and all-natural, Copper Cow Coffee is a portable pour over Vietnamese coffee with zero gadgetry. Founder Debbie Wei Mullin started the company in 2016 out of her sister's garage after leaving her job at the World Bank in supply chain management. She wanted to create a business based on her two greatest passions: Vietnamese cuisine and sustainable development. She has since raised over $3 million from VC funds, including Silverton Partners, CRCM Ventures, and 500 startups.

 

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brooklyn

Brooklyn is on its way to becoming the innovation capital of New York, if not the entire country.

A report released Wednesday by the Center for an Urban Future determined that in the past decade Brooklyn has outpaced Manhattan and most major U.S. cities in jobs and company growth for fields related to technology and the creative and advanced manufacturing industries.

 

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austin texas

Austin’s status as an entrepreneurial hotbed is undeniable. A 2018 study from the Chamber of Commerce found that startups make up a larger percentage of businesses in Austin than in nearly any other major U.S. metropolitan area.

Although the startup culture that exists in Austin today seems relatively new, its foundation was laid decades ago and has been maintained ever since by the Austin Technology Incubator (ATI). ATI is the deep technology incubator of The University of Texas at Austin that works with university and community entrepreneurs to commercialize breakthrough innovations. It helps entrepreneurs and startups by providing mentors, tools, resources and connections for founders to grow and attain funding.

 

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fail

You may not always do things right the first time, but you should be intent on learning from what happened and doing better next time. To help your team do this, take turns answering two questions: “What did I/you/we do well that I/you/we need to keep doing?” and “What do I/you/we need to do better next time?”

 

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Money bill check and writing HD photo by rawpixel rawpixel on Unsplash

Nathan Furr, assistant professor of strategy at INSEAD, researches what makes great innovative leaders, and he reveals how they develop and spend “innovation capital.” Like social or political capital, it’s a power to motivate employees, win the buy-in of stakeholders, and sell breakthrough products. Furr argues that innovation capital is something everyone can develop and grow by using something he calls “impression amplifiers.” Furr is the coauthor of the book Innovation Capital: How to Compete—and Win—Like the World’s Most Innovative Leaders.

 

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idea

Australian innovation is quite simply nowhere near where it could and should be.

We look like a country well-equipped to be an innovation nation: a highly educated population, stable government, excellent infrastructure.

We are known for having people with brilliant ideas but last year’s Global Innovation Index ranked Australia 20th out of 126 countries. We’ve been weak in commercialising our ideas and we must get much better at strengthening collaborations between universities, research institutes, incubators, industry and government.

 

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How Leaders of Sinking Countries Are Fighting Climate Change Time

The journey to the Fijian village of Vunidogoloa is arduous. It requires a flight across the Pacific to the nation’s remote international transit hub, a 140-mile connection on a rickety 19-seat plane to a smaller island, an hourlong drive past other rural villages and finally a short walk guided by a man with a machete to reach a ghost town forced into retreat by climate change and the rising seas that come with it.

Image: Rising seas threaten to submerge Tuvalu, one of many island nations struggling with climate change. Christopher Gregory for TIME

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customers

Much has been written recently about the requirement to focus today on the total customer experience, as a competitive edge or even for survival. Traditionally, you just worried about the quality of the sales transaction (price, speed, service), but the “customer experience” now includes ease of pre-sale shopping, post-sale support, with a connected relationship throughout.

 

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Innovation is difficult to come by. In fact, the odds of a new product idea being commercialized are less than 4 percent—and that is the best case scenario. If you don’t want to beat those odds, there are five sure-fire ways you can make certain innovation never sees the light of day at your company:

Image: Steven J. Blue President & CEO, Miller Ingenuity

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Green Bay Packers quarterback Aaron Rodgers is the co-founder of a $50 million venture capital fund that says it will invest in “growing consumer brands.”

Newport Beach, California-based Rx3 Ventures today announced the launch of the fund.

Rodgers co-founded the firm with Nate Raabe and Byron Roth of ROTH Capital Partners. All three are considered general partners of Rx3 Ventures.

Image: https://commons.wikimedia.org/wiki/File:Aaron_rodgers_2014.jpg

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