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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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CLEVELAND, Oct. 23, 2017 /PRNewswire/ -- Cleveland Clinic and JumpStart Inc. have announced a three-year partnership with Silicon Valley's renowned Plug and Play to create an Accelerator focused on biotech and digital health innovation in downtown Cleveland's Global Center for Health Innovation.

Announced during Cleveland Clinic's 2017 Medical Innovation Summit, the trio will work together — with support from Ohio Third Frontier and additional institutions and corporations — to attract dozens of U.S. and international healthcare startups to Cleveland each year.

Image: http://markets.businessinsider.com

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Suze Orman Says This Is the Age You Should Retire Money

One of the most popular segments on my CNBC show was "How Am I Doing?" Viewers would call in and tell me everything about their finances and wait for me to judge whether their retirement plan made the grade. Typically the central question was if they could retire in their early 60s.

Let's just say I gave out a lot more D's and F's than A's.

If I resurrected "How Am I Doing?" today, I'd be handing out plenty of failing grades to anyone who thinks they will be able to retire before they turn 70.

Image: http://time.com

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Augusto Giacoman

The suicide mission came directly from the president of the United States in 1898: Go behind enemy lines in Cuba, find rebel commander Calixto García at his base in the inhospitable Sierra Maestra mountains, and win his support for the American campaign against Spain. One solider, Lieutenant Andrew Rowan, volunteered to follow this seemingly hopeless order. But Rowan ultimately succeeded in the mission, convincing the Cubans to join the American cause and winning the nation’s second-highest honor, the Distinguished Service Cross.

 

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MNewImageillennials tend to be more entrepreneurial than previous generations, studies suggest. And some have already created businesses that are shaking up age-old industries.

According to Jason Dorsey, president and cofounder of research firm the Center for Generational Kinetics, Millennials have the confidence to take on bigger companies because they've grown up with easy access to information.

Image: http://money.cnn.com

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whiteboard

As Australian higher education institutions face funding cuts, commercialisation of research – working with industry to convert research outcomes into marketable products or services – can provide an additional source of income. But while success stories like Google (Stanford University) and Digital Equipment Corporation (DEC) (Massachusetts Institute of Technology) inspire commercialisation activities, the managers responsible point out that generating a multi-million dollar university spinout is about as likely as winning the lottery.

 

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With over 2000 videos by industry-leading influencers, covering just about any topic in the world, TED might be the best place to turn to if you’re looking for advice, inspiration, reviews and strategies to improve and develop your business. Below are ten videos that every aspiring, driven, focused entrepreneur should watch:

Image: http://www.eu-startups.com

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WHILE most of us have been brought up on the belief that you win in business by out-competing your competition, even in the hyper competitive environment in the Silicon Valley, the ecosystem believes that winning is achieved through collaboration, shared venture capitalist Bill Reichert, managing director of Garage Technology Ventures in Kuala Lumpur recently. Based in San Francisco, Reichert spoke about the future of innovation based on lessons from the Silicon Valley experience.

Image: Bill Reichert of Garage Technology Ventures speaking to a full house at iLabs co-working space at Sunway Tower in Petaling Jaya on Oct 13. - https://www.digitalnewsasia.com

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These Color Changing Tattoos Could Save Lives

For millions who struggle with blood sugar issues or dehydration, tracking those changes can be difficult. Harvard researchers partnered with MIT engineers to create a tattoo that could tell people exactly what's wrong. 

The engineers develoaped biosensitive tattoo inks that solve a lot of the problems of current wearable devices. Ali Yetisen, a postdoctoral fellow at Massachusettes General Hospital, said the idea came from looking into a future beyond modern wearables. Short battery life and wireless connectivity to a device hinder those who need constant monitoring services. 

Image: https://interestingengineering.com

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Bob Penaloza

Leadership without trust is like only flossing the teeth you want to keep. As leaders we don't get a pass, we have to build trust everyday. We don't have a lot of time to build trust and if we're not building it we're losing it.

Below is a great article from Harvard Business Review about how to do it. Pay close attention to the three what not to do... specifically faking knowledge.

Harvard Business Review article: Proven ways to earn employees trust

 

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people

It’s ironic. In spite of Silicon Valley’s awesome technology, human capital remains its most valuable resource. That, at least, is the opinion of best selling writer and entrepreneur Dan Schawbel. 

One of America’s leading authorities on the workplace, the New York City based Schawbel argues that what he calls “people capital” is the real killer app in our innovation economy. A great company, he says, exists because of its great people. Without strong human capital, Schawbel suggests, any company, irrespective of its technological resources, will struggle.

 

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big data

South Korea must swiftly work to build up a strong medical big data system as it will form the backbone of future medicine led by personalized and predictive health care, biohealth experts in Seoul said Monday.

Large-scale datasets collected from wearables and biomedical sensors will be combined with artificial intelligence computing technologies to enable early diagnosis of diseases and guide treatment planning.

 

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congress

With Congress on what appears to be a permanent hold, the search for a workable political model now shifts increasingly to states and localities. Today America’s divergent geographies resemble separate planets, with policy agendas from immigration and climate change that vary wildly from place to place.

The greatest divide lies between the deep blue states, notably California, and progressive America’s network of large urban centers and the generally less dense, more suburban-dominated red states. Their policy prescriptions may vary, but, if allowed to continue, the differing jurisdictions could end up serving as what Supreme Court Justice Louis Brandeis called “laboratories of democracy.”

 

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Data innovation is happening today because the rapid growth in the ability to collect, store, analyze, and share large quantities of information at low cost drives new forms of economic activity, scientific discovery, and social innovation. For example, in health care, greater use of medical data can help doctors to diagnose problems much earlier, and manage long-term conditions better. In schools, teachers and administrators can use data to personalize educational software to meet the needs of individual pupils. And in business, an array of data-driven tools can help companies streamline their business processes and become more responsive to their customers. In the financial sector, for example, companies use sophisticated analytics and large datasets to prevent fraud as well as to improve and expand their lending services.

Image: https://itif.org

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writing

Communication is key when it comes to success in any field, but especially as an aspiring entrepreneur. Getting an idea up and running requires clear and concise writing skills, whether you’re composing emails or creating presentations.

By honing business writing, entrepreneurs can boost workplace efficiency and productivity, while also building a solid reputation. Luckily, you can improve your writing almost instantaneously with some small tips and tricks, from making time to plan to using more verbs.

 

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Millennials

Every well-oiled workforce machine has its share of millennial employees. Millennials make up 24 percent of the entire U.S. population—a whopping 77 million adults, ranging in age from their late 30s to early 20s, according to Nielsen data. With this generation of workers comes a unique set of needs, demands and challenges that must be met to keep your company running at its best.

 

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website

The web, or "world wide web" as we used to say, turns 27 years old on December 20. On that date, nearly three decades ago, British engineer and scientist Tim Berners-Lee launched the world's first website, running on a NeXT computer at CERN (the European Organization for Nuclear Research) in Switzerland. The website wasn't much at the time, just a few sentences organized into topic areas that laid out the arguments for the concept. But it established vital first principles still essential to the web as it exists today: the notion of hyperlinks that reimagined documents (and eventually any form of media) as nonlinear texts, and the ability for anyone, anywhere in the world, to peruse that content by way of a browser: a piece of software that cohered to universal formatting standards.

 

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balance

Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk and no competition. My conclusion either way is that they have no market, or haven’t looked.

 

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Tendayi Viki

With the world changing rapidly most corporate executives are starting to feel the pressure. There is a realization that beyond cost-cutting and operational efficiency, companies must also invest in developing their innovation pipeline. At the beginning, corporate leaders often reach for easy solutions or low hanging fruit. They focus on the training and improving the capabilities of product teams. There are now quite a few organizations offering training in design thinking, lean startup and agile product development. While these grassroots movements are well and good, it is also starting to dawn on most executives that lean startup training is not enough.

 

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airplane interior

When it comes to flying, nothing about a close proximity to strangers and bathrooms for hours on end feels particularly clean. And while y ou may not be able to make the flight shorter or the seats bigger, you can make your experience more sanitary by avoiding some of the dirtiest places on airplanes.

 

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