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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.

San Francisco, CA

The Golden State is living up to its nickname, with California ranking as the most innovative economy in America.

That’s according to Bloomberg’s newest U.S. State Innovation Index based on six equally-weighted metrics: research and development intensity, productivity, clusters of companies in technology, “STEM” jobs, populous with degrees in science and engineering disciplines, and patent activity.


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NEW YORK (Reuters) - Proof of Capital, a U.S. venture capital fund, was launched on Wednesday with funding of $50 million, its founders said in a statement. The fund will invest in blockchain projects.

Blockchain, which first emerged as the system powering bitcoin, is a shared database maintained by a network of computers connected to the internet.


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healthcare computer

A nascent project launched by the Health and Human Services Department aims to spur innovation and help solve an expensive health crisis plaguing millions of Americans: kidney disease.

Developers hope it will one day be used as a model, not only for introducing innovators to government, but also to many other high-cost disease areas across the health care sector.

HHS Open Innovation Manager Dr. Sandeep Patel discussed the project—dubbed the KidneyX Innovation Accelerator—at ACT-IAC’s Health Innovation Day in Washington April 10, encouraging innovators to get involved.


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On February 27, 2010, an 8.8 magnitude earthquake struck Chile. It was the fifth-strongest earthquake ever recorded; NASA estimated that it changed the tilt of the Earth’s axis by three inches. Schools, hospitals, roads, homes, and businesses across a huge swath of Chile’s midsection were left devastated, paralyzing the country for weeks. The recovery effort cost Chile the equivalent of 18 percent of its GDP.

Image: Illustration by James Yang -

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If asked “What’s the most talent competitive city in the U.S.?” few Americans would name the top of our global list: Washington, D.C. (1). Often considered to be a (political) quagmire, the greater metropolitan area actually has a tremendous amount to offer. With an excellent environmental quality, major universities, an impressive number of physicians in the area and, of course, the presence of international global organisations, the greater Washington area provides a complete environment for talent competitiveness.


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In a startling demonstration, the machine drew on experimentation, data, and observation of humans to learn how simple implements could help it achieve a task.

New research shows that robots can figure out at least the rudiments of tool use, through a combination of experimenting and observing people.

Chelsea Finn, a researcher at Google Brain, and Sergey Levine, an assistant professor at UC Berkeley, developed the robotic system together with several of Levine’s students. (Finn and Levine were named Innovators Under 35 by MIT Technology Review in 2018 and 2016, respectively.)

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Geri Stengel

Venture capitalists fund the innovation economy. With $130.9 billion invested in venture capital funds in 2018 — more than the previous heights set during the dotcom era — you might think that we will see lots of exciting new companies with innovative products and services creating lots of well-paying jobs. The truth is that the investors who invest in innovation — the limited partners (e.g., pension funds, foundations, endowments and family offices) — are trying to de-risk their investments by investing in later-stage venture capital funds. These companies have figured out their product-market fit and go-to-market strategies. While later-stage companies are more stable and less likely to go bust, they are also less likely to deliver a high return on investment.


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A question that I still hear debated often is whether a new startup growth strategy should focus on user count or profits. First of all, the glory days of “dot.coms” are gone, when investors “didn’t care” about profitability, and all the big money was focused on user count growth.

In the long run, everyone wants both profitability and user growth, but the question is which comes first. Most startups and investors I know don’t have unlimited funds, so the first question they should ask and do ask today, is “When is your company going to be profitable (self-sustaining)?”

Image: Image via Max Pixel -

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The European Union is boosting its budget to support innovation against the backdrop of intensifying global competition. To compete effectively in the international markets, the EU needs to deepen its innovativeness and risk-taking capability to compete in a market defined by new technologies. The European Innovation Council is meant to turn Europe’s scientific discoveries into businesses that can scale up faster. In the pilot phase, the European Innovation Council is set to become a full-fledged platform, albeit it is currently still at its pilot phase.


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Of our solar system’s wonders, one reigns as the emblem of all that is alien and otherworldly: the majestic rings of Saturn, rising resplendent and shimmering above the giant planet’s buttery, cloud-crossed face.

Stretching nearly 300,000 kilometers from tip to tip and containing countless icy particles ranging in size from “microscopic” to “mobile home,” the rings make Saturn undeniably eye-catching. But more than mere decoration, they are one of the most enduring enigmas in planetary science.


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