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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.

questions

After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.

If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if building the business into something great was his destiny, he instead should use her money from a pharmaceutical career in China.

 

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Mark Suster

Every entrepreneur wants to hear “yes” during the fund-raising process but I would argue that being too risk averse and not pushing hard enough and be willing to hear a “no” is what holds back many people from “yes.”

I believe people generally hate making decisions and especially so when they involve commitments and risks. This is true of any buying process where a customer has to make a large investment decision on your software or when an investor must decide whether to give you $5 million.

 

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Bill Gates - From Wikipedia

Bill Gates wants you to do some serious thinking this summer. For his annual list of the best books to read this season, Gates has selected five heavy hitters that pose big questions: “What makes a genius tick? Why do bad things happen to good people? Where does humanity come from, and where are we headed?”

 

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NewImage

Richard Branson and Harland David Sanders are exceptional. Branson was a born entrepreneur, shunning school to trade in Christmas trees and budgerigars, while "The Colonel" – after working as a steam engine stoker, insurance salesman and filling station – waited until he was 65 before starting KFC.

Image: https://www.forbes.com

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visa

DUBAI, United Arab Emirates (AP) — The United Arab Emirates, home to financial hubs Abu Dhabi and Dubai, is loosening its residency laws and will grant long-term visas for up to 10 years to investors and highly-skilled professionals.

The 10-year residency visas will be granted to specialists in science, medicine and research, and to “exceptional students.” The state-run WAM news agency says the plan aims to attract global investment and innovators.

 

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money

Hanover — Dartmouth College’s entrepreneurship program has gone from startup to IPO.

The college’s four-year pilot program that reorganized and expanded its program for budding entrepreneurs has raised $36 million to establish a permanent center on campus that will serve as a cross-institutional “hub” for students, faculty and alumni that will focus on entrepreneurship.

The new center, which will be located on the west end of campus near the Tuck School of Business and Thayer School of Engineering, is designed to foster and support students interested in launching business ventures or social enterprises by tapping the resources of all divisions of the college as well as alumni and experts in the entrepreneurship community.

 

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south africa

African countries should be nervous about the big technology companies sweeping through their economies, knocking out established businesses and crushing startups before they have had a chance to blossom.

That’s the message from the anti-poverty charity Global Justice Now in a report that warns of an “e-pocalypse” across the southern hemisphere, as western firms keen to sell sophisticated digital services use their muscle to outmanoeuvre local businesses in poorer nations. Africa is seen as particularly vulnerable after decades of underinvestment that has left many countries with seemingly little option but to accept the terms laid down by the tech giants.

 

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worker

Being your own boss can be a tempting proposition and, in the “gig economy,” there are plenty of opportunities to do so. From using platforms like Lyft, TaskRabbit, and Upwork to find work to  finding clients on your own as a freelancer or consultant, in a few simple steps, it’s possible to free yourself from open floor plans and fluorescent lights. After all, if you make $62,000 per year working 40 hours a week, you’re earning roughly $30 per hour. Why not try to do that on your own?

 

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NewImage

There are only five wind turbines operating in U.S. waters today. But that will likely soon change, partly because of states with ambitious offshore wind targets.

Massachusetts, for example, is about to pick one of the three bids it got from companies vying to build one of the nation's first commercial-scale offshore wind farms. Equipped with the capacity to generate enough electricity to power as many as 150,000 homes, the turbines located about 20 miles southwest of Martha's Vineyard would be among several big offshore wind projects that could transform the grid.

 

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write

It pays to plan. Entrepreneurs who write business plans are more likely to succeed, according to our research, described in an earlier piece for Harvard Business Review. But while this might tempt some entrepreneurs to make writing a plan their very first task, our subsequent study shows that writing a plan first is a really bad idea. It is much better to wait, not to devote too much time to writing the plan, and, crucially, to synchronize the plan with other key startup activities.

 

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parent

Entrepreneurialism is not confined to the adult world. On the contrary, with their creative minds and determination, children can make excellent entrepreneurs. Check out the following do’s and don’ts for parents or child entrepreneurs.

Parenting a Child Entrepreneur – Do’s

Do Be Supportive

From inventing a fabulous new product to writing a book or selling lemonade, if your child comes to you with an idea for a business, it is important to be supportive. Avoid ridiculing or dismissing the idea, which could discourage your child from starting a business venture. Instead, show enthusiasm and support and take the subject seriously.

 

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