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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.

Tishin Donkersley

Joining a corporate accelerator is a big decision for any startup founder and it’s not to be taken lightly. The companies are looking for teams with products that not only will help their bottom line and expand their product offering but also to add value to the industry.

We asked four founders who graduated from a corporate accelerator to offer their insight and talk about the benefits of being a part of this type of program.

 

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digital marketer

Technologies and customer expectations have changed faster than marketing organizations. Here’s how to fix that.

From the rise of online shopping channels to ad campaigns created for an audience of one, consumer marketing has changed more in the past ten years than it did in the previous 30. Despite that level of change and disruption, if you had put a few typical marketers from the 1980s into a time machine and sent them into the marketing departments of today, they would probably feel right at home. There might be a new IT department and a few other changes, but the job titles, structures, approach to performance management—even the vocabulary—would be remarkably familiar.

 

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Innovators Under 35 2017 MIT Technology Review

MIT Technology Review, as a rule, focuses on the technology first—the breakthrough, the surprise, the accidental discovery with the potential to upend the way we live. Our annual look at 35 outstanding innovators under 35 is a reminder that behind all those innovations are people with dreams, fears, and ambitions. Sometimes they hack away at a problem for years before figuring out a way forward. Sometimes they stumble on a solution they didn’t know they were searching for. We hope these portraits offer a sense of the variety of work being done in technology, and a sense of what’s coming next.

Image: https://www.technologyreview.com

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grumpy

It's a hard time to be an established venture capital firm.

There are a ton of investors chasing a few great ideas, and the pressure is showing in a number of ways, according to a midyear report from Fenwick & West.

A surge of newcomers. The report found that 2017 is on pace to see the highest number of first-time venture capital funds formed in more than a decade.

 

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money

NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Today, Venture for America (VFA), a two-year fellowship program for recent college graduates interested in entrepreneurship and working in a fast-paced, innovative startup environment, announced the close of a fund—the VFA Seed Fund I—to invest in Fellow-founded companies. The fund is currently at $1M and includes investments from several high-profile investors.

Venture for America has a threefold mission of revitalizing American cities and communities through entrepreneurship, enabling our best and brightest to create new opportunities for themselves and others, and restoring the culture of achievement to include value creation, risk and reward, and the common good.

 

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robot

Fears of an imminent robot takeover of the workplace have gained traction after recent advances on self-driving vehicles and increasingly automated factories.

Most technology and employment experts, however, are quick to note that mechanization can have a tremendous positive impact on productivity that produces more creative, higher paying jobs.

Another crucial distinction is that manufacturing work is particularly susceptible to automation, while many service industry jobs face less aggressive shifts from technology.  

 

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NewImage

John Sculley is the former CEO of Pepsi and Apple. When he was at Pepsi, he climbed the corporate ladder quickly. The MBA grad started in an entry-level position that included driving Pepsi's delivery trucks and posting signage in 100+ degree heat. 

"They didn't know what to do with me, so they put me out in Pittsburgh, in a bottling plant, and I worked in the bottling lines," Sculley told Business Insider during a podcast episode of "Success! How I Did It." 

"Then I was sent on to Phoenix, Arizona, where I also drove trucks and I put up Pepsi signage in various neighborhoods in 120-degree heat, and I was then sent on to Las Vegas for a month of training, and then I finally ended up in Milwaukee."

Image: John Sculley is the former CEO of Pepsi and Apple. - John Sculley

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ticket

Entrepreneurship is often hailed as a way to make unlimited income, but is that true?

In the United States, we celebrate entrepreneurship as the ultimate representation of the American dream. If you have a good idea and work hard enough, you can achieve anything. Since you’ll be working for yourself, you’ll be in charge of all the decisions, including how the company grows, and how much of a salary you withdraw. And since there aren’t many limitations on corporate growth, owning a business could be your ticket to practically unlimited income.

But is that “unlimited income” vision an accurate portrayal of entrepreneurial potential?

 

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education

As the CEO of an edtech startup, I witness first-hand the abundant challenges that confront our country’s educational system. While there are pockets of hope, it feels like things are getting worse, not better. The U.S. continues to lag behind other countries when it comes to student outcomes. In the most recent study published by PISA, among developed countries, the U.S. ranked 41st in math, 24th in reading and 25th in science. In a nation so rich in resources, arguably the greatest country in the world, this is at best alarming and at worst, an existential threat.

 

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leadership

So, you've decided to quit your job and start your business. But do you have what it takes to be a successful business owner? Not all entrepreneurs are the same; they come from various social and economic backgrounds.

While there is no blueprint to entrepreneurial greatness, there are certain leadership traits that they all possess. Below I will share ten leadership traits every entrepreneur should possess.

 

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google

The tech press has been on fire with the recent publication of an internal memo on Google's diversity and labor policies by former engineer James Damore. Damore, who was quickly fired for "perpetuating gender stereotypes" in light of the ensuing media conflagration, penned the 10-page memo during a long flight to China after attending a Google diversity training seminar that he found to be ineffective, hostile to his cohorts, and factually incorrect. More fundamentally, in "Google's Ideological Echo Chamber," Damore argues that Google's corporate culture discourages criticism of company policies and leads employees to feel that they can't speak openly.

 

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blueberries

We know that there is a strong connection between your physical health and work performance. I thought I was doing pretty well. I consider myself a pretty healthy person: I try to run one half marathon a year, and exercise four or five times a week.

But like most people, I have my unhealthy habits. After using the sleep app Sleep Cycle for a few months, I’ve come to realize that my sleep quality and quantity is not as high as I would like it to be. While I try to eat a healthy diet of lean meat and vegetables about 70% of the time, I resort to junk food when I’m stressed and drink way too much coffee when I don’t get enough sleep.

 

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Mark Suster

There’s a lot of mystique about what happens at board meetings and a lot of imagined board-room drama. I read commentary or Twitter or blogs and realize that there are also strongly held convictions that there are these evil VCs who do terrible things to mostly altruistic founders.

The image of boards and of investors vs. founder conflicts has been so at odds with my experiences on dozens of boards over the past 20 years that I thought it was worth sharing what I actually see.

 

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give back

Press Release

Idaho National Laboratory

Battelle Energy Alliance, which manages Idaho National Laboratory for the U.S. Department of Energy, announced today that it is accepting applications for the fiscal year 2018 Community Giving and Technology-based Economic Development campaigns. Each program focuses on a distinct audience and purpose. Applications for charitable or philanthropic donations for both programs will be accepted until Oct. 16.

 

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Delaware Economic Development Office being replaced

Delaware's economic development efforts are about to undergo a major transformation.

Gov. John Carney signed a bill Monday that replaces the Delaware Economic Development Office with a public-private partnership partially run by some of the state's largest companies.

"This is a starting point," Carney said. "The hard work starts now and that's working together in partnership ... to market our state more aggressively and think out of the box about how to develop our entrepreneurial economy."

Image: http://www.delawareonline.com

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Clint Korver

It’s a sad reality, but many chief executives and company founders get fired. Even the great ones like Apple's Steve Jobs and JetBlue's David Neeleman get pushed out.

However, for any founder who wants to beat the odds and keep his or her position through the initial public offering and beyond, the best route to success is having a strong relationship with their board of directors.

 

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factory

The United States may not be in the midst of a robot revolution quite yet, but new data indicates that Heartland cities should be prepared to see more and more robots at their factories.

Today, the Brookings Institution published a report showing which cities and states in the U.S. are employing the most robots. Using sales data from the International Federation of Robotics, Brookings calculated the metropolitan areas with the highest concentration of industrial robots per 1,000 workers. Brookings defined industrial robots as those that are “automatically controlled, reprogrammable machines capable of replacing labor in a range of tasks,” such as robots used to assist with painting, welding, or riveting.

 

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NewImage

Each year, MONEY digs into enrollment data and student outcomes to determine which colleges provide the best value for your tuition dollars—a process that, this year, yielded the 2017 Best Colleges for Your Money ranking.

But while that list is 711 schools long, we know many students are considering a much smaller set of colleges. In fact, 53% of freshmen at four-year colleges go to school within 100 miles of their home, and more than 80% attend one within 500 miles, according to an annual survey of freshmen from the Higher Education Research Institute at the University of California-Los Angeles.

 

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