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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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The University City Science Center announced today that Stephen S. Tang, Ph.D., MBA, will step down as President & CEO to join OraSure Technologies Inc. OSUR as President & CEO. Tang has led the Science Center since February, 2008. It is expected that Dr. Tang will transition his Science Center management responsibilities during the first quarter and join OraSure on April 1, 2018.

"Over the past 10 years, Steve has led a strategic plan designed to transform the Science Center from a traditional real-estate focused research park to an innovation powerhouse, and, in the process, reconnected the Science Center to its original mission and shareholders," says Board Chairman Craig R. Carnaroli. "During Steve's tenure, the Science Center has launched new programs to support technology commercialization, strengthened partnerships with the region's academic and research institutions and launched the largest campus expansion in our 55-year history.

 

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Biotech and Medtech Seed Funding eBook Final 1 pdf

The 4th annual Biotech and Money/Medtech and Money World Congress will offer insight into the investment landscape for biotech and medtech companies via a series of panel discussions with leading investors in the sector. Those attending the two-day event in London can hear from experienced investors about the current state of funding for life science companies at varying stages of development. This includes a focus on seed funding, with panel discussions on ‘Seed funding for biotech development’ and ‘PanEuropean medtech seed funding’.

Image: https://cdn2.hubspot.net

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More than ever, academic technology transfer is driving economic development. The number of invention disclosures — a direct measure of institutional impact on innovation — has been on the rise the past five years, growing to 25,825 in 2016. 16,487 new U.S. patent applications were filed, a gain of 3 percent over the prior year, and 7,021 U.S. patents were issued, up 5 percent from last year. The 1,024 startups formed made a direct impact on local economies with more than 73 percent of these new businesses remaining in the institution’s home state. Consumers and businesses benefited from 800 new products.

Image: http://www.autm.net

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graduate

Come on, we have all thought it as entrepreneurs, at one point or another in our careers: “I just wished I could clone myself in finding new employees for my business. Nobody works harder than I do. Nobody is as smart as I am. I don’t trust anybody to make decisions or manage teams better that I do.”

Sound familiar? But is "cloning" yourself really the right solution for your hiring goals? There are clear advantages and disadvantages to a strategy like this, so you will need to figure out if cloning yourself will help or hurt your business, based on your business’s specific needs. Read on.

 

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cold person

Apple says its iPhones are made to operate in temperatures above 32 degrees. Much of the country won’t even creep above that mark until the second week of January – and tens of millions of Americans are enduring lows in the negative double digits.

In conditions like these, many smartphones will be start experiencing problems like shutting off, shortened battery life, display problems or even the glass shattering.

 

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advice

As we looked through what we published in 2017 to highlight the very best knowledge shared, two things stood out to us. First, we were thrilled to feature a star-studded cast of extraordinary operators — including but not limited to Instagram CTO Mike Krieger, Facebook VP Product Fidji Simo, Reddit Co-founder Alexis Ohanian, Foursquare CEO Dennis Crowley, and Stripe COO Claire Hughes Johnson. But second, and more importantly: We ended the year featuring nearly 50-50 women and men leaders (46% women to be exact). In an industry where visibility and role models can make an enormous difference, we were happy to do our part — and motivated to do even better next year.

 

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Eric Hippeau, a managing partner at Lerer Hippeau Ventures, is well-known in the venture community for his firm’s blockbuster investments including Birchbox, BuzzFeed, Casper, and Warby Parker. Two thirds of Lerer Hippeau portfolio companies are based in New York. Why?

“New York is a center of innovation and technology, but it doesn’t have the VC support that you find on the West Coast,” he said. “There are few early-stage funds such as ours that dedicate the majority of their investment to New York, so we felt that was a very good way to build a portfolio.”

Image: Eric Hippeau Courtesy of Lerer Hippeau Ventures

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The market forces that drove the evolution of the private secondary markets, such as democratization, globalization, transparency and liquidity, are now driving the adoption of initial coin offerings by private tech companies.

After the blizzard of ICO activity in 2017, few would contest that we are on the front end of a paradigm shift in the private capital markets. Accelerating declines in early stage VC activity while ICO volumes ramp are not a coincidence. And if the size of a paradigm shift can be predicted by the speed of its onset, then we should all be preparing for the venture world to change very significantly, very soon.

Image: https://www.pehub.com

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office building

Every company needs a home. Even the towering giants of online commerce desire a cozy place to hang their virtual hats (and sometimes more than one cozy place, as attested by the current bidding war for Amazon's HQ2). While many a corporate mythology might dwell nostalgically on the "we started in our garage" trope, no startup wants to linger in the carport for very long. Once your business gets sure footing, you're going to need digs.

 

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trends

Accenture has released the Fjord Trends in 2018 in its recent report, which analysed the pressing forces acting internally and externally on organisations and society.

The Accenture 11th annual report examines seven emergent trends expected to impact business, technology and design in the year ahead.

According to the report, rapid technological advancements are altering the world we live in today, provoking both wonder and fears about the possibilities.

 

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or all the tech industry’s talk of changing the world, sometimes the best innovations aren’t particularly dramatic. They’re ideas that are small—but so clever that they seem obvious in hindsight. They improve the products we already use in ways we can immediately appreciate.

Big breakthroughs and splashy new products tend to get all the attention; for once, here’s a tribute to the small-scale innovations that are just as important.

Image: courtesy of Google

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experts

Did you have a productive 2017? Don’t answer that. No matter how much you got done last year, or how efficiently you did it, you can probably give your work habits a tune-up for the year ahead.

Maybe it’s a change to your morning routine or a different approach to your to-do list. Or maybe it’s reducing your reliance on to-do lists altogether. Since everyone’s productivity problems differ, so should their solutions. So Fast Company asked 18 of the most productive people we could find–starting with our top contributors–to share their own tips, hacks, and habits.

 

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