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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.

Baishali Mukherjee

Entrepreneurship, as it is known today, is primarily about finding solutions for challenging problems that exist. And innovation is the key to the exercise of finding solutions and lies at the core of every successful enterprise that we read, hear and study about. The sheer ability to look at problems and processes with a new perspective has led to some of the most innovative companies in the world.

 

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It’s still popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. In my view, this paranoid approach costs them much more than the risk of being open.

I’m not suggesting that a startup should ever disclose patent details to others before filing, but I can’t imagine why a startup would not seek visibility and feedback for their idea and solution while they could still make changes with minimal cost. Pivots and corrections are inevitable for startups in this age of rapid change, and the earlier you make them, the quicker you get to success.

Image: https://blog.startupprofessionals.com

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Artificial intelligence. Augmented reality. Facial recognition. Connected “internet” vehicles. Global virtual marketplaces. App-based digital payment systems. Pharmaceutical e-commerce. Humanoid robots. Giant vending machines for cars. This is not just the magical stuff of today’s digital-driven, transformation economy. It’s a snapshot of the cutting-edge innovation work currently underway at one of the world’s most exciting and admired companies: the Chinese tech titan, Alibaba Group.

Image: http://innovationexcellence.com

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crisis

After the stock market’s rocky ride in recent months, some analysts are wondering whether a new economic crisis might be around the corner. Judging by the economy’s overall performance, there is no need for immediate concern. But for entrepreneurs who prefer to be safe than sorry, the question remains: what should you do when the next crisis hits?

 

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New program for female angel investors launched LISTEN | PRINT BY TIM SANDLE     MAY 16, 2018 IN BUSINESS A new venture has been formed as an accelerator program for women corporate and technology executives. The aim is boost the number of women performing deal-making venture capital gains. The new development comes from Highline BETA, which is a startup co-creation and a new venture development company. The organization operates in the U.S. and Canada. Highline BETA has relaunched the Female Funders Angel Academy.

Image: http://www.digitaljournal.com

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Geoff Tuff

Questions are powerful tools -- as essential to investors and venture capitalists researching opportunities as they are to entrepreneurs seeking the best ways to innovate and thrive in their startups. But, as I've seen in 25 years of consulting to large corporations, questions can derail, sucking the energy out of a room, or they can be empowering, bringing new life to ideas.

 

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ssti logo

Venture development organizations (VDO), nonprofit organizations across the country investing in innovation startups to help grow their regional economies as well as earn a respectable return, saw at least 20 exits in the first quarter of 2018, based on data entered on Pitchbook.com. Here are some examples from the quarter:

A spinout of the Carnegie Mellon University Endowment, Pittsburgh-based Wombat Security Technologies has been acquired for the sum of $225 million to become an operating subsidiary of Proofpoint. Among the nine exiting investors, who injected a combined total of $11 million into the firm since 2011, are Idea Foundry, Innovation Works and Riverfront Ventures. Idea Foundry also was an exiting investor during the quarter resulting from the acquisition of Zulama by EMC Publishing.

 

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college

The question “Is college worth it?” is a favorite of op-ed writers. Its latest iteration, published in The New York Times this week, argues firmly that it’s not.

In that op-ed, Ellen Ruppel Shell, a journalism professor at Boston University, contends that college is not as effective a catapult for social mobility as students, families, and policy makers think, especially where low-income students are concerned. “It’s a cruel irony that a college degree is worth less to people who most need a boost: those born poor,” she writes.

 

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san francisco

When Silicon Valley Forum informed me I was to be a recipient of its 21st visionary awards, I was in disbelief. I have long been a critic of the ways of Silicon Valley and am clearly not in the same league as the 100 or so past recipients, who include Bill Gates, Elon Musk, Andy Grove, and Gordon Moore. But the Valley makes its own rules.

I came to Silicon Valley in 2009 to research its competitive advantages. In particular, I was trying to understand why foreign-born people such as I had achieved so much success. My research team at Duke University had worked with UC Berkeley’s AnnaLee Saxenian in documenting the role of immigrants in founding more than half of Silicon Valley’s startups from 1995 to 2005.

 

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tug o war

The saying “people don’t leave jobs, they leave managers” may have some truth behind it. A 2015 Gallup Poll of 7,272 U.S. adults found that at some point in their career, one in two had left their job to get away from their manager. Only one in three people are engaged at work, and managers account for at least 70 percent of the variance in employee engagement scores.

 

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