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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.

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FRANKFORT, Ky. — An elite $4 million grant received by the University of Kentucky, University of Louisville, Commonwealth Commercialization Center (C3) and the Kentucky Cabinet for Economic Development demonstrates the power of partnership while paving the way to bring dozens of new med-tech and health-related companies to life across the state in the coming years.

 

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Debroop Roy

For Kalaari Capital, staying ahead of the curve is a necessity. As an early-stage venture capital firm, it invests in new trends and technologies that they think would bring change and cause disruption across sectors.

“We aspire to stay ahead of the curve and bet on business models and emerging trends and emerging sectors three to four years before they become a norm,” said Kalaari’s managing director Rajesh Raju in an interview with Entrepreneur India.

 

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rock climbing

Regardless of your definition of success, there are, oddly enough, a great number of common characteristics that are shared by successful businesspeople. You can place a check beside each characteristic that you feel that you possess. This way, you can see how you stack up. Even if you don't have all of these characteristics, don't fret. Most can be learned with practice and by developing a winning attitude, especially if you set goals and apply yourself, through strategic planning, to reach those goals in incremental and measurable stages.

 

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meeting

Take it from an entrepreneur like me: Raising money is one of the greatest challenges in getting a startup off the ground. For female-founded startups, the fundraising playing field is particularly lopsided—so much so that anyone who values women’s economic advancement should pay attention. A recent report by the National Venture Capital Association and Pitchbook found that in the first half of 2019, investment in female-founded startups accounted for just 2.9% of total venture investments, only a slight improvement from 2.3% in 2018.

 

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New York City Comptroller Scott M. Stringer on Wednesday released a comprehensive new report on the creative economy in New York City, showing the sector is responsible for some $110 billion in total economic activity.

The largest number of creatives were moving to the Brooklyn neighborhoods of Bushwick and Bedford Stuyvesant, according to the report.

Also, growth and earnings ratios indexed on average higher amongst those employed in the creative field than any other sector. Stringer recommended the city pay attention and invest more into the creative economy:

Image: https://www.bkreader.com

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Much has changed for women entrepreneurs since the early 1980s.

In 1982, the first in-depth academic research was conducted looking at their lives. Before that, no one had ever taken the time to examine their experiences, their challenges, and their motivations.

Image: https://entrepreneurship.babson.edu

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Ashu Khanna

Passion is the most intrinsic attribute for any entrepreneur. It is passion that fuels the entrepreneur to commit and put their whole self towards achieving a vision; it is the same passion that propels the entrepreneur to take risks and be innovative in their approach. I have commonly noticed that driven by the vision, as an entrepreneur rolls out action steps to achieve results, little by little they get caught up in the race to achieve the outcomes. If the entrepreneur develops an attachment to achieving outcomes, there is danger of losing sight of the vision.

 

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flu

BALTIMORE (WJZ) — Flu season is here, and while most people try to avoid getting sick, some have volunteered to get paid to get the virus.

A number of participants are taking part in a nationwide study happening at four research units, including the University of Maryland.

For just over $3,000, 80 participants will be infected with the virus and have their symptoms monitored.

Scientists are trying to better understand how the flu virus works and how to control it.

 

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The second annual Biohealth Capital Region Investment Conference attracted 108 companies and 47 participating investors—both conference records—and has already resulted in an investment deal for Gaithersburg’s MiRecule, an early-stage biotech focused on microRNA-based cancer therapy development.

The conference, which was held at AstraZeneca in Gaithersburg on October 15 and 16, was designed to increase the concentration of venture capital opportunities within the region’s ecosystem. BioHealth Innovation (BHI), J.P. Morgan, Wilson Sonsini Goodrich & Rosati (WSGR), Deloitte, AstraZeneca, NIST and The Maryland Department of Commerce all played critical roles in the conference’s success. 

 

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parents

Spotting patterns, trends, and formulas make our work (and life) easier. But I never thought I'd see someone unlocking the formula for the hardest job of all — raising super-successful children.

Harvard professor Ronald Ferguson, author of "The Formula: Unlocking the Secrets to Raising Highly Successful Children," recently told the Harvard Gazette he's done exactly that.

 

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piggy bank

As sure as the tides rise and fall, the next recession will spur many companies to cut their prices indiscriminately. During the last recession, producer prices fell by nearly 8% and took nearly two years to recover. Why? Executives often assume that slashing prices and profit margins is the only way to keep their customers and market share. Salespeople, desperate to make their quota, fail to hold the line on discounting, and companies want to maximize their use of assets even when demand softens.

 

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One of the guests at the announcement Wednesday of the University of Michigan Innovation Center in Detroit gushed to me that the U-M project was the biggest thing for Detroit since the assembly line.

Hyperbole? Perhaps. But maybe not so far wrong if the U-M project delivers everything that Mayor Mike Duggan and billionaire backers Dan Gilbert and Stephen Ross promise. 

When the initial piece opens in about four years, U-M's Detroit Center for Innovation will create a mini-campus for about 1,000 U-M graduate students working in tech fields like artificial intelligence, mobility, data science and cybersecurity.

Image: Rendering shows the planned University of Michigan Detroit Center for Innovation to rise on the east side of downtown Detroit. UNIVERSITY OF MICHIGAN

 

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