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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.

full time or part time.

Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. But not many of us have enough savings to live for a year or more without a salary, fund the startup, and still feed the family. Thus I often recommend that entrepreneurs keep their day job until the startup is producing revenue.

 

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street map

Most of the time, The New York Times asks you to read something. Today we are inviting you, simply, to look. On this page you will find maps showing almost every building in the United States.

Why did we make such a thing? We did it as an opportunity for you to connect with the country’s cities and explore them in detail. To find the familiar, and to discover the unfamiliar.

So … look. Every black speck on the map below is a building, reflecting the built legacy of the United States.

 

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One week this summer, the Nasdaq stock market listed five recent initial public offerings, including Sonos, the home-audio company, and Vaccinex, which makes a promising cancer drug. That same week, an investor looking at Nasdaq’s Listing Center would have seen the names of 16 stocks set to disappear. The reasons for the delistings varied. Synchronoss Technologies, a software company, had failed to file financial reports since February 2017. Abaxis, a veterinary-diagnostics firm, was being acquired by Zoetis. Capella Education was merging with Strayer Education (both operate for-profit schools).

Image: TYLER COMRIE  - https://www.theatlantic.com

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Getting to the phase of expanding internationally is perhaps not the first milestone that a startup who is just beginning would think about. But in one sense, it’s part of a business’ journey from the start. After all, websites are accessible from anywhere, said Colleen Fisher of the U.S. Commercial Service.

“From the moment you are born you are a global company,” said Signe Pringle, Managing Director of the Maryland Department of Commerce Office of International Investment and Trade.

Image: https://technical.ly

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Mark Friedenthal

America is brimming with entrepreneurial spirit. Millions of people nationwide have taken the plunge to launch their own companies, some successfully and others less so. As famed billionaire entrepreneur Richard Branson once said, "Our ability to come up with ideas is a blessing and a curse. It's great that we're constantly inspired and optimistic, but it can sometimes be hard to focus on one idea for long enough to turn it into a successful business."

 

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When Amber Petersen noticed her seven-year-old daughter was spending progressively more time playing games online, she reached back into the 1800s for a little instruction.

On a summer day this year, as Brooklyn explored a virtual playground on Roblox, the popular gaming platform designed for young kids, Petersen read out loud from Meet Kirsten, a kids’ chapter book based in the 1850s that’s part of doll-maker American Girl’s historical fiction series. 

Image: BOB AL-GREENE / MASHABLE

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city

Four major forces are shaping cities of the future. How can they thrive in the face of challenges and change?

The world faces unprecedented rates of urban expansion. According to the United Nations, 55 percent of the global population currently lives in cities. By 2050, that number is expected to reach 68 percent, which means an additional 2.5 billion people will reside in urban areas. China’s cities alone will be home to a staggering 900 million people.

 

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As the founding CEO of AOL, the first internet company to go public, Steve Case is an icon of the first wave of the internet. Case left AOL in 2005, and has since built a large portfolio of startups through his venture capital firm, Revolution.

He's spent the past five years traveling the United States, often in a bright red or blue bus, investing in cities outside of the centers of American venture capital— Silicon Valley, New York City, and Boston — as part of Revolution's "Rise of the Rest" initiative. Whether it's a place like Louisville, Kentucky or Salt Lake City, Utah, Case and his team don't simply pass through for a day and drop off some money, but build long-term relationships with founders and local power brokers to ensure the startup scenes thrive.

Image: Hollis Johnson/Business Insider

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Houston Exponential has received commitments for half of a $50 million fund it hopes will help attract venture capital money to Houston, the organization announced Thursday.

The nonprofit, tasked with marketing and connecting Houston's various innovation initiatives, is creating a "fund of funds." The idea is to collect money from Houston corporations, invest that money in the funds of venture capital firms across the U.S., and then build connections between those two entities to help a third group: Houston startups struggling to find growth money.

Image: Karen Warren, Staff / Houston Chronicle

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Reynaldo C. Lugtu, Jr.

THE start-up scene all over the world is still flourishing. In the Philippines, there are currently more than 300 start-ups in the country and over 200 of them are actively operating, according to the first study profiling the Philippine start-up ecosystem by PwC Philippines and the Department of Trade and Industry (DTI).

While globally we are seeing the strongest resurgence of the start-up craze since the dot-com era, we will not see them all succeed commercially. A Fortune survey among founders of failed business ventures indicate the stark reality that 9 out of 10 start-ups fail. In the Philippines, probably it’s higher to the tune of 19 out of 20.

 

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"We wanted this to have the greatest impact on society."

With those words, Michael Fleming revealed the ultimate goal of his self-driving vehicle technology company: Deliver greater safety, efficiency and economy to the world of transportation by removing human error from behind the wheel.

For 30 minutes on a rainy Tuesday morning in September in Blacksburg, Virginia, Fleming didn't just talk about what he envisioned for his Torc Robotics firm; he demonstrated it.

Image: TORC Robotics CEO and co-founder Michael Fleming stands in front of two self-driving cars and the company HQ in Blacksburg, Virginia Photo courtesy of Torc

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Great Wall of China

Researchers have analyzed DNA samples from 141,431 pregnant Chinese women—roughly one ten-thousandth of the country’s population—to garner insights on issues ranging from migration patterns to genetic diversity and susceptibility to disease. The team’s findings, newly published in Cell, represent the largest-scale genetic study of Chinese individuals to date.

 

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