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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.

iceberg

Any way you look at it, we're about to witness the birth of one massive iceberg.

Researchers with the European Space Agency (ESA) have taken more detailed measurements of the massive iceberg set to cleave off the Larsen C Ice Shelf at any minute. 

According to data from instruments aboard the CryoSat and Sentinel-1 satellites, the iceberg will be one of the largest on record since at least the early 1990s, when satellite-based monitoring began in this region. 

 

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airport

From long security lines to lost luggage, sometimes travel can be a nightmare. A study conducted by J.D. Power uncovered some of the worst airports in the U.S., analyzing more than 36,000 passengers who made roundtrip flights between January and October 2016. The study measured traveller satisfaction at medium- to large-sized airports across the country, examining six factors: terminal facilities, airport accessibility, security check, baggage claim, check-in and food, beverage and retail.

 

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Finland’s national innovation agency Tekes, is to change its name to Business Finland after merging with Finpro, the body that helps Finnish SMEs scale up internationally and encourages foreign direct investment in Finland.

At the same time Tekes’ Research Funding will be rebranded Business Finland Research Funding.

Pekka Soini, director general of Tekes said bringing Finland’s support schemes for research and innovation under one roof will enable a more networked type of innovation, boosting collaborations between research institutes, universities and companies. “It’s better to be served by one entity,” Soini told Science|Business.

Image: Pekka Soini, director general of Tekes 

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Fear of investing in innovation is preventing promising start-ups from reaching their full potential and that’s preventing growth across Europe, a conference on the future of EU research funding heard.

If European start-ups had the same support as those in the USA it is estimated that over the next 20 years up to a million new jobs could be created and up to EUR 2 000 billion added to the EU's economy.

Image: Many start-ups suffer because investors are too risk-averse. Image credit_Flickr/Berlin Startup Tours 

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Tdrawhe fireworks are over and the grill has cooled, but if you're still feeling patriotic after July 4th, here's a challenge: See how well you can draw the outlines of all 50 states from memory. The following interactive quiz will prompt you to draw one randomly selected state at a time. Once you’re finished sketching the outline with your mouse or finger, we’ll compare your version to the actual boundaries and give you a letter grade as feedback.

 

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money

Alexandria is at the vanguard of emerging innovation in Agriculture Technology. To address the mission-critical challenge of improving human health through solving global hunger, Alexandria is providing companies with first-in-class AgTech R&D and greenhouse campuses as well as significant risk capital through AgTech Accelerator Corporation and a top-tier investor syndicate, and is also using the convening power of its thought leadership to host renowned Alexandria Summits, including Innovate Ag 2017.

 

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USDA Logo

WASHINGTON, D.C. July 5, 2017 – The U.S. Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) today announced available funding to test the next generation of small business innovations in agricultural sciences. Funding is made through NIFA’s Small Business Innovation Research Program.   “Small businesses reap many benefits from federal R&D investments,” said NIFA Director Sonny Ramaswamy. “Applicants who receive funding test their concepts for potential commercialization through our rigorous peer-review process and retain intellectual property rights. NIFA federal investments can also spur additional support from commercial venture capitalists.”

 

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question

Being in business is hard, but being an entrepreneur is even harder. In my book, I help people self-assess in a way that enables them to understand what their limitations are and how to overcome them. In order to succeed working for yourself, you must always be willing to self-assess and adapt. Those who are able to typically are much more likely to find success in their business life as well as their personal life.

 

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crowd

People are divided about crowdfunding. While many investors and businesses see it as invaluable, it often comes with a number of caveats which shouldn’t be ignored.

Equity and debt-based crowdfunding methods are often used by entrepreneurs looking to start or develop their business. However, they differ in that equity-based lets you swap money for shares in the business, while debt-based (commonly known as peer-to-peer lending) means you loan money to businesses and get a return in the form of interest.

 

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Fish are easily some of the lowest maintenance pets.    

The only hassle you need to worry about is aquarium maintenance, but not everybody has the time or knowhow. Now, thanks to a successful Kickstarter campaign, EcoQube C Aquarium can make  cleaning your aquarium a problem of the past.    

The idea was conceived by a pair of aquarium enthusiasts after completing extensive research on how ancient civilizations used aquaponics as a solution for food and water shortages. This gave them the idea to employ the historic system of agriculture with modern aquariums.  

Image: ADI VENTURES 

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donut

Kate Raworth, a senior research associate at Oxford University and senior associate at the Cambridge Institute for Sustainability Leadership, wants to challenge the old ways of thinking about economics and develop sustainable new patterns for economic growth. In her book, Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, Raworth encourages careful consideration of measurements beyond the standard gross domestic product metric. Thoughtful economic planning, in her view, should include health and well-being, the environment and other factors important to quality of life. She spoke with Knowledge@Wharton about her “doughnut” view of  more holistic economic distribution, and why it holds so much benefit for the future.

 

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coral

Researchers have pinpointed the reason that deep-water corals emit an erie glow. Scientists know that in shallow waters, the organisms light up green, using fluorescent proteins as kind of sun block. The proteins soak up harmful ultraviolet rays, re-emit green light and shield their symbiotic algae, which supply most of the corals’ energy needs through photosynthesis.

 

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startup

Does every startup need outside capital to get started? To listen to venture capitalists speak, business is a case of “survival of the fittest” and startups are tiny tadpoles swimming in an ocean full of sharks.

That may be true in some cases, particularly when a business idea is attempting to address a multi-billion dollar problem with what its founders hope will be a multi-billion dollar solution. But how often is this the case?

 

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vacation

We know that Americans log longer hours at work than their counterparts in other countries, are chronically sleep deprived, and don’t take enough vacation.

According to the annual Project: Time Off report, things may be getting a bit better. The analysts discovered that the 7,331 Americans surveyed (who work full time and therefore get paid time off from their employer) took an average of 16.8 days off in 2016, marking the second year in a row of taking slightly more vacation days.

 

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american

The world of work is changing pretty rapidly, but one thing has been pretty consistent over the past few years: Workers are feeling optimistic about their prospects. The U.S. economy keeps adding jobs at a healthy clip and unemployment remains at pre-Recession lows, making this a jobseekers’ market.

Here’s a look at the current state of the American workplace:

 

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tangled

It’s the best and worst of times for decision makers. Swelling stockpiles of data, advanced analytics, and intelligent algorithms are providing organizations with powerful new inputs and methods for making all manner of decisions. Corporate leaders also are much more aware today than they were 20 years ago of the cognitive biases—anchoring, loss aversion, confirmation bias, and many more—that undermine decision making without our knowing it. Some have already created formal processes—checklists, devil’s advocates, competing analytic teams, and the like—to shake up the debate and create healthier decision-making dynamics.

 

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I’ll admit it: my views on innovation strategy have been dramatically shaped by working in a Fortune 500 corporation. The size and scale of opportunities you pursue, even in a company that was not always all that innovative, oriented me to think a big team and significant dollars are vital for real innovation.

Given that, moving to an entrepreneurial environment in 2009 was new territory when it came to learning innovation strategy lessons.

Image: http://brainzooming.com

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NewImage

LAS VEGAS, June 27, 2017 /PRNewswire/ -- For over half a decade the Global Crowdfunding Convention (GCC) has been the cornerstone of education for people struggling to raise capital to come and learn from crowdfunding industry leaders and rockstars in reward, equity, real estate and donation-based crowdfunding. The crowdfunding industry has grown quickly.

In 2012, crowdfunding raised $1.7 billion in capital – but last year, total capital raised using crowdfunding reached over $60 billion! This represents a seismic shift in the way that startups, non-profits, entrepreneurs, and even real estate can now be funded. Crowdfunding is a crucial funding method for new and established businesses, for those who might not have access to, nor the requirements for other forms of financing. Crowdfunding isn't randomly asking for money.

 

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