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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.

women

Women make up a mere quarter of emergency doctors in the U.S., according to data from the American Medical Association. This statistic does not signal well to gender equality in medicine or young women considering the specialty—and it may have even darker implications for patients. A new study suggests female heart attack patients may be at a higher risk of mortality in the emergency room if they see a male physician rather than a female one, giving greater urgency to diversity initiatives in medicine.

 

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Warren Buffett

Billionaire Warren Buffett is known as one of the richest investors in the world, with a net worth that seems to grow by the day. But the “Oracle of Omaha” wasn’t always as filthy rich as he is today. In fact, about 99.7 percent of his immense wealth was earned after his 52th birthday.

 

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When crisis he business is struggling, most business owners I know feel like anything but a leader. They start second-guessing their own vision, and are prone to making snap decisions suggested by someone else, in lieu of their carefully crafted processes and metrics. Entrepreneurs who can keep their cool under fire are the long-term winners I look for as an experienced angel investor.

 

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space shuttle launch

Global accelerators are fueling entrepreneurs and startups with supportive ecosystems and plenty of fresh funding.  These programs provide mentorship and capital in return for equity. This is put in place to help a start-up grow over a three to four month period.

Besides the investment, accelerators typically offer their startups free office space, business and management consulting, feedback on the product, and access to investors in the form of a demo day.

 

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person at computer

I hate to be the bearer of bad news, but to help you avoid wasting your life savings on a Kickstarter campaign, know this: Most campaigns fail. That's right.

There are currently thousands of crowdfunding campaigns in motion, but only a few will raise the amounts needed to achieve their goals. So before you quit your day job, let's discover what makes these campaigns successful. How do they do it? Is it luck? A scheme?

 

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NewImage

Americans come from all over the world, and have countless stories about where they and their families come from.

The US Census Bureau's American Community Survey asks millions of Americans every year several questions about their economic, social, and demographic situations. One of those questions asks respondents to report their families' ancestries, from Italian to German to Mexican.

Image: Self-reported ancestries in America include Italian, German, and Mexican heritage. - David Zalubowski/AP 

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formtek

Open Data is the idea that data, particularly data collected by local, state and federal governments, should be made freely available for people to use and republish without any control or copyright restrictions. In the US, cities like Austin and San Francisco have been leaders in making data accessible.

Bart Gorynski, Managing Director of bee smart city program, said that “In smart cities, open data represents a powerful tool to facilitate open innovation and to foster urban innovation. As a result, the use of open data strengthens the ecosystem of smart city solutions”.

 

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President Donald Trump has prioritized revitalizing the American job market -- and in many ways, he hGary Shapiroas succeeded. The July jobs report revealed that unemployment was at 3.9 percent, continuing a nearly two-decade low, and every month of his presidency has seen job growth. But his push to eliminate the International Entrepreneur Rule (IER) runs counter to his efforts to promote economic growth.

 

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John Rampton

It requires some luck to become a successful entrepreneur. But it also takes more than pure luck to hit it big: There's a reason the top founders are as successful as they are. Even with fame and fortune, it takes much more to successfully start and maintain a business.

Those who have formed multiple companies or helped create the highest-impact and most profitable businesses have been successful because of the traits and habits they intentionally cultivated.

 

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questions

Entrepreneurs come in all shapes and sizes, but new research suggests that middle-aged ones are more successful.

Contradicting the popular image of tech-savvy whizz kids launching new empires from college dorms, the data suggests there are more successful US business founders in their forties than any other age group.

 

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NewImage

Much of the coverage on incubators and early stage competitions is replete with cool kids and VCs. Many competitors are polished, advanced young entrepreneurs who have some education, some investors or some entrepreneurial experience under their belts.

In 2015, when the President of MIT set out to launch SOLVE, the Social Impact innovation event, he certainly didn’t want to exclude the types of participants mentioned above. But he, and the team at MIT wanted to ensure a broad set of competitors, including those that might not be the envy of VCs or early-stage investors.

Image: Social impact entrepreneurs gather at MIT.ADAM SCHULTZ: MIT SOLVE

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moving

As cities compete for Amazon’s second headquarters, many flexed their tax incentive packages and real estate options in hopes of luring the tech giant to select their city. It’s tempting to think the right financial perks is all it takes for a company to successfully expand to a new city. In fact, success requires a solid base of nearby talent — or the ability to entice skilled workers to relocate for new job opportunities.

 

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