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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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As the Republicans in Washington prepare to dig into the coming round of budget negotiations, their top priorities will include an systemic overhaul for U.S. taxes, which President Trump has characterized as "just about the highest in the world." But how much do Americans really pay compared with other nations? It may be less than you think.

Image: http://time.com 

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singapore

Technology is re-shaping the business landscape faster than ever. Moving from connected cars and homes to self-driving cars and smart environments, intelligent technologies are pushing us to innovate beyond traditional boundaries.

But is Singapore’s technology and innovation ecosystem—involving startups, incubators, accelerators, corporates, and venture capital investors—ready to harness the enormous potential of the future smart economy?

 

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michigan

While Michigan has become a hot spot for startup funding, Detroit has been boiling in recent years, according to a new Michigan Venture Capital Association study.

The 2017 Detroit Entrepreneurial Study revealed Detroit's startup community has grown 50 percent in the past three years, now making up a quarter of the state's fledging companies. Last year, 14 of the city's 35 startup companies attracted more than $62 million in seed investment, the study found.

 

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Intel has axed the division that worked on health wearables, including fitness trackers, according to a person familiar with the matter.

The company has been slowly de-emphasizing its own line of wearables for the past several years, and has not mentioned wearables on its earnings calls since 2014.

Image: Heidi Petty | CNBC Brian Krzanich 

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IBM Canada, in partnership with the Ontario Centres of Excellence and Communitech, has unveiled the IBM Innovation Incubator at Waterloo’s Communitech innovation hub.

The new incubator, which is meant to help startups scale and compete globally, is part of IBM’s Innovation Incubator Project, an initiative that was funded with a $24.75 million investment from IBM and $22.75 million from the Ontario’s Jobs and Prosperity Fund. IBM’s other innovation spaces are located at the Markham Convergence Centre, the DMZ, and MaRS.

Image: http://betakit.com 

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MIT s Solve initiative seeks solutions to its 2017 global challenges MIT News

Solve — MIT’s initiative that brings together problem-solvers of all stripes to tackle the world’s pressing problems — has four new global challenges for 2017: brain health; sustainable urban communities; women and technology; and youth, skills, and the workforce of the future. Applications for those who have a solution to any of these challenges are due August 1.

Image: http://news.mit.edu 

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airport

If you’re traveling in the United States, don’t expect to have great cell service. A recent study by Speedtest revealed the major airports with the best and worst cell service across the U.S., Canada, Mexico and Central America. The verdict? There’s only one city in the states where travelers can expect fast service.

 

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How many times have investors heard startups start their pitch by touting that their technology is “disruptive?” What entrepreneurs forget or don’t realize is that most customers are wary of all technology, educating the market on new technology is expensive, takes a long time, and people buy problem solutions rather than technology. Investors will likely wait for more traction.

Image: http://blog.startupprofessionals.com 

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sell

Too many startup founders’ otherwise great ideas fall flat when they pitch them all wrong. As a venture capitalist, I’ve seen pitches flounder for lots of reasons. Sometimes it’s forgetting to state which problem the idea is meant to solve, or even the simple value proposition. Other times it’s failing to identify exactly who the end buyer might be.

 

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money

Global venture capital (VC) funding for health IT companies in the first half of 2017 was 36 percent higher year-over-year with a record $4 billion raised in 359 deals versus the $3 billion raised from 286 deals in the first half of 2016, according to a report from Austin, Texas-based communications and research firm Mercom Capital Group.

Mercom released its report on funding and mergers and acquisitions (M&A) activity for the healthcare information technology (IT) / digital health sector for the second quarter (Q2) and first half (1H) of 2017.

 

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For more than 20 years, my father-in-law has sold food to mostly small, independent, family-owned restaurants. He works for one of the world’s largest food service companies, and his is the type of job that is increasingly rare: It does not require a college degree, but has afforded him a middle-class life.

My father-in-law is good at his job. He works incredibly hard, he’s a friendly guy, and he cares about the customers he serves.

Image: https://www.linkedin.com

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benari

Supreme Court Chief Justice John Roberts gave the commencement address at his son’s middle school graduation on June 3rd. While his wisdom was directed to the ninth graders graduating from Cardigan Mountain School in New Hampshire, it could just as easily apply to everyone in the business world—particularly those in leadership positions.

What can they learn from the Justice’s wise counsel?

 

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