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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 latest example that more is not necessarily better comes from CVS, where its absurdly long paper receipts have generated a public outcry on social media. It wasn’t the first time customers complained about the wasted paper, but the receipts got a lot of attention last week after Matt Brownell reported on Daily Finance about a coworker at AOL who bought a single item at CVS and received a 38-inch receipt.

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When George Kozmetsky created the IC2 Institute some 36 years ago, he asked Bob Peterson to join as one of its earliest fellows. Peterson has been active at the University of Texas’ entrepreneurship-focused think tank ever since – and as of today, he takes over as its latest director. Peterson’s deep experience with the institute includes roles as director of research and deputy director under John Sibley Butler, who led the institute for about a decade and whom Peterson will replace.

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The Purdue Research Foundation has launched a website called "Innovation and Entrepreneurship" that offers a how-to approach to help entrepreneurs, investors, collaborators and others find information about commercializing Purdue innovations.

Foundation President Dan Hasler says the website will help drive the innovator, collaborator or investor to available resources. It also provides a starting point to connect people with opportunities.

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Once the healthcare innovator’s guide to must-know tech terms for the next decade of medicine hit on Monday, the feedback started coming in. It’s continued to trickle in via email, Twitter and LinkedIn all week. (Thank you!)

MedCity News readers had some interesting ideas about technologies they think everyone in the healthcare space needs to know about. A few ideas came up more than once, warranting an amended list. So here you have it: five additions from readers who think these trends are about to break through in healthcare.

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The law that has helped medical discoveries make the leap from university labs to the marketplace for more than 30 years needs revising, in part to ensure the American people benefit from science their tax dollars have paid for, says a University of Michigan Medical School physician and medical historian. 

In a new commentary in the New England Journal of Medicine, Howard Markel, M.D., Ph.D., director of the U-M Center for the History of Medicine, looks at the fluke-ridden history of how the law known as Bayh-Dole Technology Transfer Act was passed in 1980. The law made it much easier for research findings made by academics to be patented, licensed by companies and commercialized.

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You’re familiar with the pain of a migraine—the intense throbbing concentrated mostly on one side your head and often accompanied by nausea, vomiting, or hypersensitivity to light and sound. You know that these recurring headaches can last a while and that a number of factors might trigger an attack. Here’s what you might not know about migraines:

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Crowdfunding refers to raising small amounts of capital from a large number of people by leveraging the internet and social media. It is becoming all the rage largely because the venture capital industry is broken. In fact, in 2011, the Business Development Bank of Canada retained McKinsey & Company to draft a report which concluded just that.

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Everyone desires to be a Steve Job, a Bill Gate, a Mark Zukerberg, a Dangote but very few know the nitty gritty of what it takes to be an entrepreneur. This piece provides us with tips on how to make it to the top of the entrepreneurial ladder. Let's read and put up our comments bearing in mind the NIGERIAN FACTOR/CHALLENGE of an entrepreneur.

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Over the past 30 years, the United States has developed an infrastructure to nurture, grow, and fund early stage companies that is the envy of the world. There are more than 250,000 active angel investors in this country, and nearly one out of every five of the startup investments they make are in California. At the Tech Coast Angels, California’s most-active group of individual investors, we believe the current system serves our innovation economy very well. But it may effectively be shut down if revisions the Securities and Exchange Commission proposed in July for Regulation D of Rule 506 are allowed to stand.

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Experience is not what happens to you; it is what you do with what happens to you. This is an adage that I wish all the Kenyan youth could aspire to live by, but unfortunately, our mindset is a special kind of process and we have developed the ability to blame others, especially politicians for all the bad things that are happening to us, yet we forget that we put them there.

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What’s one tip for ending a business partnership gracefully (or at least, without lawsuits!)?

Go Back to the Contract

“If you had the foresight to create one, consult the partnership agreement or other business documents that detail the structure of the business and how disagreements or severance is handled. While these contracts typically do not cover ever conceivable scenario they can serve as an impartial reference for negotiations.”

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Getting your first term sheet from a venture-capital firm is among the most exhilarating moments that you'll experience as an entrepreneur. It probably sits up there with the college acceptance letter in the pantheon of milestones. Getting a call from an entrepreneur who has just received a term sheet is one of the highlights of my day. The excitement is palpable. But unlike the college acceptance letter, a venture term sheet can quickly be followed by the dread of trying to understand the gobbledy-gook that you've been presented with. To manage that inevitable angst, you'll quickly need to wrap your head around what matters a lot, what matters less and what doesn't really matter in a term sheet.

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You must have seen the warning a thousand times: Too few young people study scientific or technical subjects, businesses can’t find enough workers in those fields, and the country’s competitive edge is threatened.

It pretty much doesn’t matter what country you’re talking about—the United States is facing this crisis, as is Japan, the United Kingdom, Australia, China, Brazil, South Africa, Singapore, India…the list goes on. In many of these countries, the predicted shortfall of STEM (short for science, technology, engineering, and mathematics) workers is supposed to number in the hundreds of thousands or even the millions. A 2012 report by President Obama’s Council of Advisors on Science and Technology, for instance, stated that over the next decade, 1 million additional STEM graduates will be needed. In the U.K., the Royal Academy of Engineering reported last year that the nation will have to graduate 100 000 STEM majors every year until 2020 just to stay even with demand. Germany, meanwhile, is said to have a shortage of about 210 000 workers in what’s known there as the MINT disciplines—mathematics, computer science, natural sciences, and technology.

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I have lived (England, France, Italy, Spain, Japan & the US) and worked (Ireland, Germany, India) around the world. I adore accents. I listen not only for the country but the region.

I became engrossed with the origins of both accents and phrases. One of most fascinating & enjoyable books on the topic is Bill Bryson’s “Made in America,” which demystifies the origins of the English language and why Americans speak more traditional English than the English do. (I know, I know … just read the book). It also demystifies any assumptions that our founders were “puritanical” – they were anything but.

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Karim Abouelnaga
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For almost three years now, I have been at the helm of an education nonprofit that I co-founded with five other friends in our Cornell University dorm room. Called Practice Makes Perfect, our company partners with schools and operates their summer school program in inner-city neighborhoods, supporting students from elementary school to college matriculation Up until this past year, like many nonprofits, we relied on philanthropic dollars to carry out our work. But following the most recent recession, even funders looking for tax write-offs are hesitant to give to organizations whose sustainability is 100 percent reliant on donations. We needed to start thinking outside of the box, if we wanted to stay afloat.

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Running an accelerator that does not promise funding or trot out its startups to woo backers may sound nuts—or maybe it’s a strategy to differentiate a program in a crowded scene.

Edward M. Zimmerman, founder of New York-based First Growth Venture Network, says his four-year-old accelerator might not generate the buzz of other organizations, but he believes the approach puts the focus more on collegial spirit among the startups and less on competition. (Some might question whether this is technically an accelerator or an incubator though.)

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It's been 50 years since Martin Luther King's "I Have a Dream" speech, and many people who attended the original March on Washington re-visited to commemorate the momentous anniversary.

Featured here, are some of original attendees and key players at the original March on Washington on August 28, 1963.

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Thinking about wearing that red tie to a meeting with the managing director today? You might want to think again.

Body language and nonverbal communication can have a big impact on your professional life and can ultimately make or break a deal, business relationship or even your financial success, according to a legion of body language books.

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