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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 convention of charging a 2% management fee in the private-equity industry is falling from favour, according to a survey by law firm MJ Hudson.

While many funds still charge investors 2% of committed capital, the largest funds charge less as investors have put pressure on firms to justify their fees, the law firm said. MJ Hudson surveyed 68 buyout, infrastructure, real estate and venture-capital funds targeting a total of €154 billion. Buyout funds accounted for two-thirds of the funds polled.

 

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vacation

The first day back from vacation can feel overwhelming. You’re likely getting caught up on what you missed, tackling an overflowing inbox, and adapting from vacation brain to work mode. How you handle the day, however, can improve your productivity for the rest of the year, says Peter Bregman, author of Leading with Emotional Courage: How to Have Hard Conversations, Create Accountability, and Inspire Action on Your Most Important Work.

 

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The agile manager McKinsey Company

The agile workplace is becoming increasingly common. In a McKinsey survey of more than 2,500 people across company sizes, functional specialties, industries, regions, and tenures, 37 percent of respondents said their organizations are carrying out company-wide agile transformations, and another 4 percent said their companies have fully implemented such transformations. The shift is driven by proof that small, multidisciplinary teams of agile organizations can respond swiftly and promptly to rapidly changing market opportunities and customer demands. Indeed, more than 80 percent of respondents in agile units report that overall performance increased moderately or significantly since their transformations began.

Image: https://www.mckinsey.com

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entrepreneur

At various stages of a tech business’s life cycle, different growth strategies are applied based on the company’s need at a given moment. You’ve probably heard the terms business incubator and business accelerator. Many times, these terms are used interchangeably, but in general, a business incubator helps companies during its early stages and a business accelerator is called upon as the company moves beyond childhood and into adolescence.

 

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Knowing all too well how hard it is to start a single new business, I’ve always wondered how several well-known entrepreneurs, including Richard Branson and Elon Musk, have managed to successfully lead dozens of startups to success, and thrive on the process. These special people are called serial entrepreneurs, because they have figured out how to do it over and over again.

Image: https://blog.startupprofessionals.com

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The European Commission’s fresh approach to promoting research and innovation in Europe is placed under the spotlight here by Open Access Government On 15th May 2018, the European Commission outlined the steps needed to ensure Europe’s global competitiveness, where research and innovation are concerned. In this important policy announcement, we learn that funding research and innovation is investing in the very future of Europe.

Image: Carlos Moedas - https://www.openaccessgovernment.org

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I had the chance to hold a replica of the upper part of a human airway—the windpipe plus the first two bronchi. It had been made from collagen, the biological cement that holds our bodies together. It was slippery and hollow, with the consistency of undercooked pasta.

The structure had emerged from a refrigerator-size 3-D printer in Manchester, New Hampshire, at an outpost of United Therapeutics.

Image: Lung transplant. Image credit: Sarah Pack/Medical University of South Carolina

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Even if you follow the doings of Apple, Amazon, and Google, you’ve probably never heard of General Magic. But it just might be one of the most important tech companies in the history of Silicon Valley. Why? General Magic was trying to create a smart handheld device that looks just like a modern smartphone, 15 years before the release of the iPhone.

Image: https://www.fastcompany.com

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money

The Chronicle‘s executive-compensation package includes the latest data on more than 1,200 chief executives at more than 600 private colleges from 2008-15 and nearly 250 public universities and systems from 2010-17. Hover over bars to show total compensation as well as pay components including base, bonus, and other. Click bars to see details including other top-paid college employees, how presidents compare with their peers, and how presidential pay looks in context to an institution’s expenses, tuition, and pay for professors. Updated July 16, 2018, with 2016-17 public-college data.

 

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teeth

Late one evening in 1990 at the Ketambe Research Station in Indonesia's Gunung Leuser National Park, I sat transcribing notes by the light of a kerosene lamp in my hut on the banks of the Alas River. Something was bothering me. I had come to gather data for my dissertation, documenting what and how the monkeys and apes there ate. The idea was to relate those observations to the sizes, shapes and wear patterns of their teeth. Long-tailed macaques have large incisors and blunt molars—teeth built for eating fruit, according to the received wisdom. But the ones I had been tracking for the past four days seemed to eat nothing but young leaves. I realized then that relations between tooth form and function are more complicated than the textbooks suggest and that the sizes and shapes of an animal's teeth do not dictate what it eats. This might sound like an esoteric revelation, but it has key implications for understanding how animals—including humans—evolved.

 

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Infographic Innovation in Finance IdeaScale

In 2005 there were 1,000 FinTech startups, today, there are over 10,000! The pace of innovation in finance has got to run to keep up in order to respond to emerging trends such as blockchain, AI, shifting regulations and more.

Image: https://ideascale.com

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In this time of World Cup madness, one team that reached semifinals attracts attention as their country is not often in the headlines. As a Croatian, I must share a thought or two how we achived to reach 2nd semifinal in 20 years(first WC that Croatia was eligible to compete was 1998. when it finished 3rd).

So, we can say that Croatia is really strong in the most popular sport in the world despite the fact that it has population of only 4 million. How is this possible?

Image: http://innovationexcellence.com

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university

Making Japan ‘the most innovation-friendly country in the world’ is one of the Japanese government’s key goals, according to Yuko Harayama, former executive member of the Japanese Council for Science, Technology and Innovation, who discussed Japan’s Comprehensive Strategy on Science, Technology and Innovation at a meeting of German and Japanese researchers at Ruhr-Universität Bochum, Germany, on 5 July.

 

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disneyland

Nothing screams summertime quite as much as amusement parks.

They are the one place you can walk for miles, listening to screaming thrill seekers and munching on sugary funnel cakes. If you’re an adrenaline addict, you can tour the U.S. to find the world’s tallest steel coaster, the steepest wooden coaster, and tallest steel-on-wood hybrid ride.

 

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startup

The last few years have seen conferences, books, articles, even TED talks on the fourth Industrial Revolution and the tremendous changes that are affecting societies and how we work. The narrative is one of the winds of creative destruction on steroids, and if companies don’t innovate they will be swept away by more agile peers. How successful are companies at doing this? The evidence suggests the picture is mixed.

 

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