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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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In my experience as an advisor to entrepreneurs, business startup founders most often point to a shortage of funds as the primary cause of their startup failure. Yet I often see evidence that points right back at the founder or business owner, attempting to maintain excessive power and influence over of the effort, leading to a wide range of problems and a dysfunctional team.

Image: https://blog.startupprofessionals.com

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network

I recently met a vice president from a hot artificial intelligence startup that found its way into a deal with a U.S. intelligence community agency. The company’s product uses AI to enable the  rapid identification of elements on video, so you can imagine why the IC agency was interested.

But the story the young executive told me about how this vital capability eventually got into the hands of the IC should give us pause.

 

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invest

INVESTORS SEEKING THE next Apple (ticker: APPL), Alphabet (GOOG, GOOGL) or Netflix (NFLX) might find it with a venture capital investment. Unlike investing in a publicly traded stock where you own a portion of a large, highly vetted firm, venture capital investments finance startups and small businesses with long term growth potential.

Most venture capital investments come from firms designed to finance startups, wealthy investors, financial institutions or investment banks. Venture capital investing is risky, with the possibility of outsized gains and losses.

 

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The University of California, Davis, nearly matched its record level of annual research funding in 2018-19, receiving $845.5 million in grants and contracts, coming in at $1.2 million below the previous year’s record-setting total of $846.7 million. 

“I’m pleased that our research funding is nearly setting records,” said Chancellor Gary S. May. “From finding new ways to feed the world to fighting global disease, UC Davis researchers continue to excel in pursuing knowledge and innovations that are critical for a better tomorrow.”  

Image: UC Davis photo

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landscape

Let’s imagine for a moment that we’ve reached the middle of the century. It’s 2050, and we have a moment to reflect—the climate fight remains the consuming battle of our age, but its most intense phase may be in our rearview mirror. And so we can look back to see how we might have managed to dramatically change our society and economy. We had no other choice.

 

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New Accenture exec aims to put Houston s innovation ecosystem on the map InnovationMap

In most industries, there's a disconnect between startups and major corporations. The startups may have solutions for the big companies, but the two entities might not know how to connect with each other. That's something Accenture hopes to help with.

The company created Accenture Ventures to help connect the dots between emerging technology and big business. As the program has expanded, Thomas Rubenak was selected to serve the Southwest region as senior principal.

Image: Thomas Rubenak is senior principal of Accenture Ventures. Courtesy of Accenture

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jogger

A small clinical study in California has suggested for the first time that it might be possible to reverse the body’s epigenetic clock, which measures a person’s biological age.

For one year, nine healthy volunteers took a cocktail of three common drugs — growth hormone and two diabetes medications — and on average shed 2.5 years of their biological ages, measured by analysing marks on a person’s genomes. The participants’ immune systems also showed signs of rejuvenation.

 

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office space

New trends in workplace design may turn out to be as game-changing as the ongoing technological revolution.

Flying sharks, waterfalls in the lobby, in-house top chefs and dogs in the workplace. These are just a few tangible examples of experience design re-imagining organisations beyond the traditional scope of organisation design.

 

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