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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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As of yesterday afternoon, Zuckerberg said over 650 students had registered (to) use thefacebook.com. He said that he anticipated that 900 students would have joined the site by this morning.

“I’m pretty happy with the amount of people that have been to it so far,” he said.

—The Harvard Crimson, “Hundreds Register for New Facebook Web Site,” February 9, 2004

 

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Bruce V. Bigelow

Improving economic fundamentals are stoking the IPO pipeline in the United States and elsewhere, according to a report issued Tuesday by the global consultant and accounting firm EY.

Eighty companies raised a total of $22 billion on U.S. exchanges during the first half of 2017, according to the report EY Global IPO Trends. That’s a sharp contrast to 2016, when uncertainty and doubt about the economy and presidential election clouded U.S. markets. In the first half of last year, EY found that 44 IPOs raised a total of just $6.96 billion in the United States.

 

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drowning

Bad news: We’re biologically hardwired to procrastinate. Research shows we possess a limited amount of willpower that drains throughout the day, regardless of what we do.

We can’t avoid procrastination. Instead, embrace it as a necessary chance to recharge, restore your confidence, and generate new ideas.

To use procrastination to your advantage, you first need to understand what’s behind your excuses. For your procrastination to be functional, here are break activities that address–and counteract–the reasons you want to procrastinate in the first place.

 

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celebrate

The crowdfunding campaigns you hear about are ones that wildly succeed. So and so raised millions of dollars, the headlines read. Rarely do we hear from entrepreneurs when they are actually in the heat of battle. Breathing life into an idea is always a battle of sorts, and running a crowdfunding campaign is particularly brave. There you are, putting it all out on the line for everyone to see. Asking your friends, family, and social network to support you takes courage. I love it. In every way, crowdfunding is a revolutionary tool.

 

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emojis

Visuals like emojis and GIFs can make up for the useful cues that are often missing from digital chit-chatting: the raise of an eyebrow, the shrug of the shoulders, the rolling of an eye. But a new survey reveals that many people believe those visuals aren't just helpful for adding clarity in text and mobile messages. They actually feel that they can better express themselves through these digital tools than through old-fashioned English.

 

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New Enterprise Associates, Venrock, and Pelion Venture Partners—all early investors in Internet company Cloudflare—are now ponying up $100 million to fund startups that build applications atop Cloudflare's technology, which speeds up web site performance and offers security to web applications. Cloudflare products handle an estimated 10% of the world's web requests. If you click on a browser button, theres a good chance Cloudflare is expediting the response.

Image: Cloudflare CEO Matthew Prince Photo: Sarah Deragon Portraits To The People - http://fortune.com

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Each year we identify 50 companies creating new opportunities by combining important technologies and business savvy. Some are large companies that seem to be growing ever larger, like Amazon and Apple. Others, like IBM, or General Electric are old-guard giants betting on technology renewal. And the list is full of ambitious startups like SpaceX, which is changing the economics of space travel with reusable rockets; Face ++, a pioneer in face recognition technology; and additive-manufacturing firms Carbon and Desktop Metal. For additional perspective on the list, which starts below, please see our essay, "It Pays to Be Smart." 

Image: https://www.technologyreview.com

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leadership

In IP Watchdog’s “Patent and IP Wishes for 2017” column. I expressed hope that new patent-policy relevant federal appointees understand the U.S. patent system has been weakened too much in recent years, and recognize the need to change course and focus on optimizing the patent system’s promotion of innovation. Now, a half-year later, the stakes remain high as the administration prepares to select a new leader for the U.S. Patent and Trademark Office (USPTO). The U.S. patent system has declined to the tenth position in the annual U.S. Chamber of Commerce international ranking, making the selection of new USPTO leadership even more critical. Let’s consider the initial tasks incoming USPTO leadership will first need to undertake.

 

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remote work

There used to be a joke at IBM that the company acronym stood for “I’m By Myself.” The software giant was once a model for telecommuting, saving significant operational costs by allowing many employees to work from home. But IBM recently gave thousands of its remote employees an ultimatum: Return to the office or find a new job. Peter Cappelli, Wharton management professor and director of the school’s Center for Human Resources, joined the Knowledge@Wharton show, which airs on SiriusXM channel 111, to discuss why IBM is rethinking its remote work policy for some roles, and whether other companies could follow suit. Following are five key points from the conversation. (Listen to the full podcast at the top of this page.)

 

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navy seal

The U.S. Navy SEALs are the world's most elite force, carrying out specialized and intensely challenging warfare that is beyond the means of, well, everyone else. From direct combat to special reconnaissance and counterterrorism, SEALs prepare for their roles with the most physically and mentally grueling training the military has to offer -- and that includes the mental component as well as the physical one.

 

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workplace

“What makes this company unique and great is the culture of responsibility. We are empowered in our position with the belief that we each contribute to the company’s success. We each feel what we do daily and how we conduct ourselves are the driving factors for the company to succeed. This not only motivates us more, but also makes each day more enjoyable, knowing how appreciated we are.”

 

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A common misconception I often hear in the startup world is that non-profits are easy and safe, since they don’t have to pay taxes, and they don’t have to make a profit for their shareholders. In reality, from the feedback I get from non-profit executives, exactly the opposite is true.

Technically speaking, in the United States, a non-profit corporation or association is one which has been exempted from Federal income taxes by meeting the criteria set out Section 501(c) of the Internal Revenue Code, most notably religious, educational, and charitable entities like the Salvation Army. Other countries have similar exemptions for similar organizations.

Image: http://blog.startupprofessionals.com 

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Daring & Disruptive: Unleashing the Entrepreneur, by Lisa Messenger, is a mixture of several things. It is a memoir, a serial entrepreneur’s journey, an inspirational pep talk for aspiring entrepreneurs and an advice guide for the next generation of entrepreneurs who will face a disruptive and chaotic world. The key themes behind all of this are boldness and creativity, the two tools that Messenger believes will help every single entrepreneur conquer the obstacles they will inevitably face.

Image: https://smallbiztrends.com 

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Www aei org policy health policy

The National Institutes of Health (NIH) is by far the principal nonprofit funder of biomedical research in the United States. Consequently, when President Donald Trump’s fiscal year 2018 budget proposal included deep cuts in funding for the NIH, it sent shock waves through academic medical institutions that benefit from NIH research moneys. Although Congress is unlikely to accommodate this proposal, the suggested cuts raise the question of the role of government in medical innovation.

 

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austin texas

In just three decades, the Austin region has transformed from a sleepy university and state government town into a national driver of economic activity and innovation. We are a destination city for entrepreneurs, millennials and breakfast taco aficionados.

We have added more new jobs — 350,000 in 12 years — as a percentage of our labor market than any major U.S. metro. Per capita incomes improved dramatically. All year, we field delegations from around the country to learn how Austin does it and how they can too. 

 

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A review of the most recent US Census Bureau population estimates and components of population change indicates that US residents are overwhelmingly moving to the most suburban cities (metropolitan areas). We previously rated the 53 major metropolitan areas (over 1 million population) using the City Sector Model (see America’s Most Suburbanized Cities), which classifies small areas (zip codes) into five urban core and suburban categories based on factors such as density, transit use, and age of housing stock.(Figure 1). This article examines net domestic migration based on the extent of suburbanization identified in the previous article.

Image: http://www.newgeography.com

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Whether you’re a fan of Steve Jobs and his products or not, two things are undeniable: He was very successful and very different. Now you can relax; this short article will not provide a blow-by-blow account of the man and his methods. “What would Steve Jobs tell the pharma/biotech industry?” is just a metaphor to encourage our industry to radically change — not by reinventing the wheel, but by copying the success of others.

Image: https://www.pharmaceuticalonline.com

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What if drinking water could be drawn from desert air easily, without requiring enormous amounts of electricity from a grid? What if a doctor could do a biopsy for a suspected cancer without a blade of any sort? What if we didn’t have to wait too long to find out? Technologies that make these visions a reality are expected to become increasingly commonplace in the next few years. This special report, compiled and produced in a collaboration between Scientific American and the World Economic Forum’s Expert Network, highlights 10 such emerging technologies.

Image: World Economic Forum

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money

On June 27, the ATM turns 50. Former U.S. Federal Reserve Chairman Paul Volcker once described it as the “only useful innovation in banking.” But today, the cash that ATMs dispense may be on the endangered list.

Cash is being displaced in so many ways that it’s hard to keep track. There are credit cards and electronic payments; apps such as Venmo, PayPal and Square Cash; mobile payments services; cryptocurrencies that operate outside the purview of central banks; and localized offerings such as Kenya’s mPesa, India’s Paytm and Bangladesh’s bKash. These innovations are encouraging cashlessness across communities worldwide.

 

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caution

I started my company a decade ago with my husband, a good friend, and my sister–who eventually quit. We’d grown from our scrappy team of four to an equally scrappy team of 14, but somewhere along the way my sister, whom I’d put in charge of content management, stopped feeling like it was a fit for her career.

I was hurt. It’s always hard when a key leader leaves–and it’s even harder when they’re someone you’re close to. Luckily, my sister and I remain best friends, but her departure was still a huge shock to our team.

 

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