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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.

Devishobha Chandramouli

Tiny specks form a massive ocean. The adage couldn’t be better represented than the scenario in the small and medium business sector today. In 2016, nearly 98 percent of all importers in the U.S. were small and medium-sized companies with fewer than 500 employees, and the percentage of exporters was only marginally lower at 97 percent, according to the Small Business and Entrepreneurship Council. An estimated $556.2 billion in goods were traded with 15 foreign countries by early 2016, with about 96 percent of the SME consumers living outside the U.S.

 

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new york city

SANTA MONICA, January 10, 2018 – Provo-Orem, UT, with its robust high-tech sector and broad-based job and wage growth, is the Best-Performing City in the United States, according to the Milken Institute’s Best-Performing Cities 2017 Index.

Raleigh, NC, with its comparatively low business costs and thriving research and development-driven industries ranked second in the nation. Dallas, which has added more than 50,000 high-skill professional, scientific and technical industry jobs in the last five years, came in third.

 

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NewImage

Many early-stage businesses are now choosing equity crowdfunding to get to the next level. In 2017 alone, 165 deals across the UK and Europe were funded on Seedrs making it the UK’s most active funder of private companies (Beauhurst – The Deal 2017). But there are a few myths that could deter entrepreneurs from recognising it as an attractive route to raising funding:

Image: http://www.eu-startups.com

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decision

Decisions–or, more accurately, indecision–can cause a drag on your time for days, weeks, months, or even years. But choosing well doesn’t always have to mean choosing slowly. As an experienced time-management coach, I’ve developed a handful of strategies for cutting down the time it takes to make tough decisions. First you need to lay the groundwork, then you can pick and choose your tactic, depending on the type of tough call you’re trying to make, and how much time you’ve got to make it. Here’s how it works.

 

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Kelly Hoey

Networks bring ideas and innovation to life – including connecting into the necessary investment dollars. When networks are narrow, so by definition, are the possible winning ideas. With venture investment out-pacing 2017’s decade-high total for capital invested (the Q2 2018 Pitchbook-NVCA Venture Monitor report just came out and it reveals that thus far in 2018, $57.5 billion has been invested across 4,000 deals) it is critical for capital to gain access to a wider, more diverse range of networks (aka ideas).

 

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Compensation - Euro

As a startup founder, I’m constantly struggling to recruit top talent without breaking the bank. We can’t always match market salaries, but we need exceptional (read: expensive) talent in order to build from scratch. How do you recruit a developer making well into six figures, or an experienced salesperson with four kids in private school? At our company, Hatch Apps, we’ve learned to get creative.

 

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learn

Technology is disrupting every industry and area of life, and work is no exception. One of the main career implications of the digital revolution is a shift in demand for human expertise. For instance, LinkedIn’s talent research shows that half of today’s most in-demand skills weren’t even on the list three years ago.

 

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NewImage

Every entrepreneur knows that good demand generation marketing is the key to growth these days, but very few have the discipline or know-how to measure return in a world of a thousand tools and techniques. Even those things that worked yesterday may not work tomorrow, as the market matures, the culture changes, and competitors appear with new solutions.

Business success is all about meeting the needs of the modern buyer, who is more informed, has access to more choices, and is ever smarter about making purchasing decisions. In fact, we now live in a buyer-led digital age, where the traditional media push-marketing efforts just don’t work. Peter Drucker’s old comment that “culture eats strategy for breakfast” is more true now than ever.

Image: https://blog.startupprofessionals.com

 

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growth

I’ve recruited countless graduates for roles in many organizations over the past decade, and I’m constantly asked what I look for. My answer is always the same: potential.

This is especially true for entry-level hires. Obviously, there’s no point in assessing recent grads the same way that you would more experienced candidates. Without much work experience or familiarity with the workplace, those candidates need to bring something else to the table–namely the ability to pick things up quickly and apply new ideas on their own. Here are a few concrete qualities that signal potential in entry-level (or any!) candidates–and what job seekers can do to show those traits off.

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