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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.

money

INDIANAPOLIS - A prominent Republican leader says Indiana "absolutely" has the potential to draw more venture capital dollars to Hoosier companies. The problem is figuring out how to do it, particularly when the issue is primarily a function of the private market. "It's really not our business to run a business or to pick and choose winners and losers," said Senate Appropriations Chairman Luke Kenley (R-20). "We've had some success. But there are a lot of opportunities to do a lot more, and that's what we're trying to figure  ut. How do you do more and do it right, so that the taxpayer feels comfortable with what you're doing." 

 

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todo list

I’m a big to-do list person. I’ve probably been making daily to-do lists on yellow Post-its for close to 15 years now. Every night before I go to bed I pen a bulleted list of all the things I need to accomplish the next day. However, inevitably, at the end of the next day I usually have a few items that aren’t scratched off the list. Those items get added to the top of tomorrow’s to-do. Yet the same thing happens the following day: I move a few uncompleted items to tomorrow’s list . . . and repeat the next day . . . and the next.

 

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chef

Five years ago, Clover Health COO Wilson Keenan got his first job in product management. Before that, he was a line cook. It wasn't his only work experience, but it's what stood out to the man who hired him, Jim Patterson — then Chief Product Officer at Yammer, now CEO of cannabis technology startup Eaze. In fact, it fit into a broader hiring philosophy Patterson subscribes to: chefs and soldiers make excellent product managers.

 

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Matt Palmquist is a freelance business journalist based in Oakland, Calif.

In the two years after Lew Cirne founded Wily Technology in 1997, he assembled an experienced executive team, hired 50 employees, and raised two rounds of VC funding. But he also had to relinquish three of five board seats to his investors, who promptly decided that Cirne should be replaced by a CEO with a stronger business background. CA eventually bought the firm for US$375 million — a far larger haul than Cirne could have brought in, as he admitted. But the founder was still chagrined about the early decisions he made that led to his ouster.

 

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NewImage

A group of Australian marine scientists believe that altering clouds might offer one of the best hopes for saving the Great Barrier Reef.

For the last six months, researchers at the Sydney Institute of Marine Science and the University of Sydney School of Geosciences have been meeting regularly to explore the possibility of making low-lying clouds off the northeastern coast of Australia more reflective in order to cool the waters surrounding the world’s biggest coral reef system. 

Image: A scientist surveys bleaching damage on the Great Barrier Reef. TANE SINCLAIR-TAYLOR | ARC CENTRE OF EXCELLENCE CORAL REEF STUDIES 

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Andy Medici

Looking for an investment? You're in luck: Chevy Chase-based venture juggernaut New Enterprise Associates is wrapping up its latest $3 billion fund.

The venture firm has completed a “first close,” which means NEA has finalized its capital commitments and can now make investments. The firm can still raise additional money and will probably conduct a final close in a matter of weeks, according to sources familiar with the company’s fundraising efforts.

 

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Milken Logo

New Report Cites University Research Funding, Technology Transfer as Catalysts for Economic Growth

LOS ANGELES, April 20, 2017 /PRNewswire-USNewswire/ -- The Milken Institute today released a new report ranking more than 200 universities across the United States for their prowess in developing basic research into new technologies, products and companies – a process known as "technology transfer."

 

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NewImage

A payment card featuring a fingerprint sensor has been unveiled by credit card provider Mastercard. The rollout follows two successful trials in South Africa. The technology works in the same way as it does with mobile phone payments: users must have their finger over the sensor when making a purchase. Security experts have said that while using fingerprints is not foolproof, it is a "sensible" use of biometric technology.

Image: http://www.bbc.com/ 

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question

Expatriate assignments are notoriously difficult. They require major professional and cultural adjustments, both coming and going, and those transitions are as tough on families as they are on employees. When people go home after working abroad, they often experience decreased job satisfaction, sometimes even depression. As a result, repatriate turnover is alarmingly high — up to 38% in the year following return.

 

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