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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.

wrenches

When it comes to competing in the workplace of the future, 80% of executives are worried about the availability of key skills, according to PwC’s 21st CEO Survey. This fear has led companies to invest more resources in training and recruiting, but concerns about the skills gap won’t be resolved if you rely on outdated training methods and hiring expectations, says David Blake, coauthor of The Expertise Economy: How The Smartest Companies Use Learning To Engage, Compete, and Succeed.

 

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code

Successful businesses are the those embracing digital change, but many organizations feel like their IT teams can't keep up with the pace of technological change, according AppDynamics' Agents of Transformation Report released on Thursday. In fact, only 22% of global technologists feel their companies are prepared to take on the challenge, said the Thursday press release.

 

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legos

Corporate innovation remains one of the hottest topics in Fortune 500 board rooms. According to a PwC survey, 97% of CEOs say that innovation is a top priority, but 94% are dissatisfied with their current innovation programs (source: McKinsey). For a large number of executives, the topic can be opaque and intimidating. Many wonder what innovation activities to prioritize, and who should be responsible.

 

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entrepreneur

If you work for a large, established corporation–or even in a department that has historically been resistant to change–the notion of thinking or acting like a startup founder feels like a non sequitur. But the concept of intrapreneurship, the act of applying a startup-like mind-set and behaviors within an established corporate environment, can become a powerful tool in accelerating career mobility and shifting company culture.

 

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NewImage

The Myers-Briggs Type Indicator has been widely used by businesses, universities, the military and other organizations for decades to assess personality. But there is very little, if any, science behind it. Merve Emre, associate professor of English at the University of Oxford and fellow at Worcester College, delves into the story behind the test with her new book, The Personality Brokers: The Strange History of Myers-Briggs and the Birth of Personality Training. Developed by a mother-daughter team with no psychological training, the Myers-Briggs test is supposed to indicate how people perceive and process the world around them. Emre recently joined the Knowledge@Wharton radio show on SiriusXM to explain why Myers-Briggs continues to captivate our collective imagination as part of the $2 billion personality testing industry.

Image: http://knowledge.wharton.upenn.edu

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pittsburgh

Investors aren’t coy about what’s the greatest uphill battle for entrepreneurs in Pittsburgh: There’s simply not enough cash floating around here for tech startups to latch onto. 

The prevailing narrative espoused by leaders in the 20 finalist cities for Amazon’s second headquarters is that the behemoth e-retailer will not only bring jobs, but startup funds, to the lucky tech hub it selects for its next home. 

 

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First Look Walmart s tech incubator has a sleek industrial feel

Walmart upped the cool factor when designing its first-ever technology incubator.

The lab, called Walmart Tech ATX , is located in a renovated warehouse in Austin, Texas, considered a hotbed of tech talent. The building, houses tech professionals from both Walmart and Microsoft, with the team focused heavily on the development of emerging predictive technologies.

Image: https://www.chainstoreage.com

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aspirin

Aspirin is best known as an over-the-counter painkiller. But acetylsalicylic acid, as it’s called chemically, has many other health benefits, as well as side effects, in the body that have only become clear in recent years.

Here’s what the latest science says about the health benefits and side effects of aspirin, as well as which conditions it may treat and those it doesn’t appear to improve. (If you are taking aspirin for any reason other than for periodic pain relief, it’s best to consult with your doctor to confirm whether the benefits outweigh the risks in your particular case.)

 

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Ghost Gear Haunts the Oceans in a Growing Threat Scientific American

Not far off the islands of the Republic of Vanuatu, a deserted trawl-fishing net undulates in the azure tropical Pacific. No one knows whom it belonged to or how it was lost, but it has twisted around a delicate garden of coral and damaged the reef.

It is just one example among at least 640,000 metric tons of fishing gear that goes missing at sea each year, according to the United Nations. Known as "ghost gear," it gums up ship propellers, entangles passing whales and settles atop sensitive habitats.

Image: National Oceanic and Atmospheric Administration diver Russell Reardon removes derelict fishing gear from a coral reef at Midway Atoll in the Pacific Ocean. Credit: NOAA

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Banners and Alerts and Boeing unveils rendering of hypersonic jet

It’s a vision of the future that could someday jet people from the L.A. to Tokyo in just three hours or cut the time of a flight between New York and London down to just two.

Boeing unveiled a rendering of its first-ever design for a hypersonic passenger plane at an aerospace conference in Atlanta. While the idea and potential of the plane will generate plenty of buzz, this is a concept that is likely decades from being built.

The hypersonic passenger plane could, in theory, fly as fast as Mach 5, or just under 3,900 miles per hour. That would allow the plane to carry passengers between Los Angeles and Tokyo in roughly three hours. A flight from New York to London could be as quick as two hours. Right now, those flights take about 11 hours and 7 hours, respectively.

Image: https://www.cnbc.com

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NewImage

Each year, more than 15,000 academic books are published in North America. A scant few will reach beyond their core audience of disciplinary specialists. Fewer still will enter the public consciousness.

We invited scholars from across the academy to tell us what they saw as the most influential book published in the past 20 years. (Some respondents named books slightly outside our time frame, but we included them anyway.) We asked them to select books — academic or not, but written by scholars — from within or outside their own fields. It was up to our respondents to define “influential,” but we asked them to explain why they chose the books they did. Here are their answers.

 

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dog

Dogs have an incredible sense of smell — so acute, in fact, that it is better than even the most advanced man-made instrument. A dog’s nose is powerful enough to detect substances at concentrations of one part per trillion, which would be a single drop of liquid in 20 Olympic-size swimming pools.

 

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These are the cubicles of the future

It’s late afternoon, and your coworkers are being loud again. You have work to do, so you pop in your earbuds to drown out their voices–but it doesn’t work, because you can still see someone showing off their new juggling skills. If only I had a cubicle! you think.

In a professional world dominated by open-plan offices, some people find themselves longing for the cubicles of yore. They might have been beige, but at least they were easier for getting your work done. So how would you design a cubicle for the 21st century?

Image: courtesy Rapt

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questions

India has in recent years strengthened its ties with the U.S. in bilateral trade and defense deals, but the relationship faces headwinds on several fronts. Among the sensitive areas are potential economic sanctions following India’s defense dealings with Russia, India’s worries over some of President Trump’s policies, and U.S. immigration restrictions on work visas.

A recent, significant challenge is that India risks U.S. sanctions over its recently concluded $5 billion deal to buy air defense missile systems from Russia. The U.S. imposed sanctions on Russia for meddling in America’s 2016 presidential elections; those sanctions could extend to any country doing large defense deals with Russia. If the U.S. were to impose sanctions on India, this could jeopardize banking relationships between the two countries, including money transfers, noted Marshall M. Bouton, acting director and visiting scholar at the University of Pennsylvania’s Center for the Advanced Study of India (CASI). According to Bouton, India has informed the U.S. that the deal to buy the Russian S-400 long-range surface-to-air missile system will not impinge on its ties with the U.S. He made those remarks in his keynote address at the Wharton India Economic Forum last week in Philadelphia.

 

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amazon

The mid-term elections played out as expected, with the Democrats winning the House and the Republicans retaining the Senate. What that means for the second half of President Trump's first term is anyone's guess, but that's okay with the stock market.

The Dow and S&P 500 indexes were up 2.13 percent and 2.12 percent, respectively, with strength across virtually all sectors. The Entrepreneur Index™ was up 3.02 percent, with only five of 60 stocks in the red today.

 

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NewImage

Just one look at our cities – from Berlin to Baghdad, Bangkok to Buenos Aires, Boston to Baton Rouge – makes it blatantly obvious. During rush hours or holidays, potentially productive or relaxing time is wasted. Individuals are stuck in metal boxes that weigh over a tonne, moving slowly forward while they inhale air packed with carcinogenic particles. Surely, we can do better. Fortunately, disruptive players are working hard to accelerate the switch to electric cars.

Image: https://knowledge.insead.edu

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business women

I had the opportunity to sit down with two remarkable women and fellow INSEAD alumnae at the iW50  ummit in June to discuss where we had come from and our successful journeys to the board room. In addition to our experience at INSEAD, we have certain things in common but none of us have followed the traditional board director’s career path.

 

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NewImage

At the New Jersey Economic Development Authority (EDA) Founders & Funders event last week, 22 startups connected with 15 investors for one-on-one 10-minute meetings. The event took place for the first time at the offices of Newark Venture Partners, in Newark. An EDA spokesperson said that the organization would be rotating future Founders & Funders events around various venues in New Jersey, as a way of highlighting them.

Image: https://njtechweekly.com

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NewImage

Even when your new product or solution fills a real customer need, and has a positive value proposition, many new venture founders are surprised and frustrated to find that excited customers are hard to find and growth is slow.

Thus, as an advisor to many startups, without being negative, I often spend hours with them brainstorming on all the possible barriers that may slow adoption rates, and how to plan or modify the business model to work around these obstacles.

 

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