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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.

Dolphin Birth

A female dolphin was born at a Hawaiian resort last week and amazing underwater video footage shows the baby's birth and first swim with her mom.

The 12-year-old dolphin mom, Keo, gave birth after about an hour of labor in a lagoon at the Dolphin Quest marine park, part of the Hilton Waikoloa Village. The video shows Keo's calf slowly emerging tail-first. Once she's born, the baby begins swimming a little erratically but soon glides easily alongside her mom. Dolphin Quest officials said the calf started nursing within four hours of birth.

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Darts

No one ever said being an entrepreneur is easy. Creating your own business and career path is tough — and succeeding in this lifestyle seems to require an elusive mix of traits.

After all, most of the entrepreneurs I know are intelligent. They are hardworking and usually at the top of their given field. However, all too often I’ve watched these smart people go from thriving in the workplace to struggling as a business owner.

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NewImage

East Coast and West Coast VCs have easy access to the most dynamic technology and life science markets in the country. But Midwest VCs have access to smaller deals and promising companies that oftentimes fly under the radar of the big coastal investors.

Some have the best of both worlds.

Athenian Venture Partners, for one, has offices in Boston and San Diego, but its headquarters are tucked away in Athens, Ohio, the home of Ohio University. The firm manages four funds totaling about $105 million and splits its investments between promising information technology and healthcare companies, according to partner David Scholl. Its portfolio includes companies across the country, from LygoCyte Pharmaceuticals in Montana to Micromet (acquired by Amgen in January) in Maryland to Verus Pharmaceuticals in San Diego.

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ATT Logo

What makes a logo super effective? According to Declan Stone, minimalism has the maximum effect. “In general, great logos contain only one graphic idea or one gimmick--they try to express no more than one attribute and support a single aspect of positioning,” he tells Co.Design. Even the best marks must be attached to a successful company to survive, however. Almost a decade ago, Declan and Garech Stone--aka Amsterdam’s Stone Twins--released Logo R.I.P., a hardback memorial to out-of-commission icons, and the book was rereleased this month with a series of new entries. (You can buy it at Amazon for $15.)

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Green energy

Here's a surprising new fact about energy in the United States: the percentage of our electricity coming from the greenest sources — that is, the non-hydroelectric renewables such as solar, wind, geothermal and biomass — has doubled in just four years to nearly 6 percent. (Thanks to climate uberblogger Joe Romm for uncovering this data from the Energy Information Agency).

This significant win for clean energy has gone mostly unnoticed in the press. If anything, the story has been the opposite: recent reports herald the decline of wind, and for a year the media has made a big deal out of the demise of solar panel manufacturer Solyndra.

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change vs no change

Leadership is about change, but what is a leader to do when faced with ubiquitous resistance? Resistance to change manifests itself in many ways, from foot-dragging and inertia to petty sabotage to outright rebellions. The best tool for leaders of change is to understand the predictable, universal sources of resistance in each situation and then strategize around them. Here are the ten I've found to be the most common.

Loss of control. Change interferes with autonomy and can make people feel that they've lost control over their territory. It's not just political, as in who has the power. Our sense of self-determination is often the first things to go when faced with a potential change coming from someone else. Smart leaders leave room for those affected by change to make choices. They invite others into the planning, giving them ownership.

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interview

You've just landed a job interview for a position you really want. Congratulations. Now, you know you only get one chance to impress, but how exactly do you do that? Given all of the conflicting advice out there and the changing rules of getting a job, it's no wonder that job seekers are confused about how to best prepare for and perform in an interview.

What the Experts Say One common piece of advice is to "take charge" of the interview. John Lees, a career strategist and author of The Interview Expert: How to Get the Job You Want and Job Interviews: Top Answers to Tough Questions, says this advice is misleading: "The reality is that the interviewer is in control. Your job is to be as helpful as you can." Claudio Fernández-Aráoz, a senior adviser at Egon Zehnder International and the author of Great People Decisions, agrees: "You need to help interviewers do the right thing since most of them don't follow best practices." According to Fernández-Aráoz, who has interviewed more than 20,000 candidates in his 26 years as a search consultant, most interviewers fall prey to unconscious biases and focus too heavily on experience rather than competence. It's your responsibility to make sure this doesn't happen. Here's how.

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brain freeze

Everyone loves summer with its long days, blazing sun and ice-cold drinks – all too often accompanied with the head-splitting pains associated with so-called ‘brain freeze’. The culprits range from ice-creams and milkshakes to chilled drinks, all having the same effect of leaving you feeling like you’ve been poked in the brain by a large sharp object. Suffering from brain freeze is not uncommon so you’re not alone. In fact approximately 40-80% of the population experience brain-freeze at some point in their life.

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ATLANTA, GA - SEPTEMBER 15: Pitcher Edwin Jackson #33 of the Washington Nationals throws a pitch during the game against the Atlanta Braves at Turner Field on September 15, 2012 in Atlanta, Georgia. (Mike Zarrilli - GETTY IMAGES)

The way entrepreneurs raise money is about to change. The Securities and Exchange Commission is drafting regulations for crowdfunding – a not yet legal practice allowing companies to sell stakes to large numbers of small investors, potentially online. Startups looking to pursue those dollars will need to think differently about how they present their company or product to the multitudes, experts say.

Here are some tips for making a compelling crowdfunding pitch:

1. Your story should be authentic, clear and concise.

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leadership

A lot of people have talked about the need for NYC to have a PayPal--a multi-billion dollar exit that scattered on the rest of the community a bunch of experienced startup talent that scaled a company over time, as well as a host of new angel investors. 

The key to this, of course, is that PayPal had over 200 employees when it was acquired.  As Shai points out, if you sell for a billion dollars and have 13 employees like Instagram, you're really not going to do much for the ecosystem. 

To foster the ecosystem in New York City, it seems that the community, investors, and the government have taken an approach that focuses on letting a thousand startups bloom.  We now have incubators, accelorators, business plan competitions, and government backed seed programs, but it's not clear to me that this is where the pain is or where the impact is.  Just because you help more people start doesn't mean you automatically get more success stories.  I could double the number of people who get into the NYC marathon (which I'm running and raising money for, btw...), but that doesn't mean I'd double the number of people who run it in under three hours. 

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sick

The TB Vaccine Accelerator, a program to strengthen the pipeline of tuberculosis (TB) vaccine candidates and enable a more rational and accelerated vaccine development process, is launching a grant opportunity that is part of the Grand Challenges in Global Health—a large set of grant programs aimed at overcoming persistent bottlenecks that prevent the creation of effective health solutions for the developing world.

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Steve Forbes

Presenting your startup vision as a founder to a potential investor, or presenting an idea as an employee to an executive, requires that you effectively communicate, or “translate”, the value proposition into terms that the receiver can fully understand and appreciate. If you fail, it’s your loss, not theirs, no matter what the reason.

For example, if your investor has been a senior business leader, like Steve Forbes here, you need to transform your message so that it addresses the issues that senior business leaders have experienced as priorities. For the business leaders I know, these priorities almost always include the following:

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Warren Buffett

Warren Buffett is a self-made billionaire. His successful investment business makes him one of the most respected men in the world.  Buffett attributes all of that to always being prepared. When he was a teenager, he was inspired by a book called "The Intelligent Investor" by Ben Graham. The book tells the importance of being prepared instead of making emotional decisions in business.  The book The Art of Selling Yourself: The Simple Step-by-Step Process for Success in Business and Life (Tarcher Master Mind Editions) says the book explains Buffett's success because it made him value being prepared. 

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turtle

O.M.G. There is a turtle in Street View! In its continuing quest for awesomeness, Google has gone under the sea. You may have already taken a virtual trip down the Amazon river, a walk in a famous park or a stroll through the Cape Winelands with the Google Maps team, but now you can actually go underwater at some of the world’s most beautiful aquatic destinations. Plus one, Google. The team announced today that its first ever underwater panoramic images are now available on Google Maps. The 360 degree photos were captured as part of the Catlin Seaview Survey, a scientific project which aims to capture images of coral reefs around the world and map how they change over time. Photos of Australia’s Great Barrier Reef, as well as the volcanic Apo Island in the Philippines and parts of Hawaii, have been integrated into Street View so you can see them in detail from your desktop or mobile phone.

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rolodex

I ditched my Rolodex a full ten years ago in favor of an online address book, but old habits die hard in many kinds of offices, and technologies can take a long time to penetrate.

A new LinkedIn survey of 7,000 professionals around the world showed that 58 percent of workers believed the Rolodex would be an office relic by 2017, taking the third spot on the list (that leaves 32 percent who think we'll be hanging on to business cards). The top two technologies slated for extinction in the "Office Endangered Species" study were tape recorders (79 percent) and fax machines (71 percent). A third of the survey respondents believed desk phones and desktop computers would also go by the wayside.

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Young Entrepreneur

Is an entrepreneur made...or born? Successful young business owners share how their start-up abilities showed up early in their lives.

The Young Entrepreneur Council asked 14 successful young entrepreneurs about being bitten by the start-up bug early in life. Here are their best answers.

1. A Special Kind of Teenage Angst I don't think I knew I wanted to be an entrepreneur, but I did know I always wanted to be an independent creator. From a very young age, I was writing long stories, starting secret societies, and dreaming up imaginary brands. And as a teenager, I hated that I was expected to work menial summer jobs just to "pay my dues." I think the entrepreneurial seed was planted then, when I got good and mad! --Amanda Aitken, The Girl's Guide to Web Design

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Babson College in Wellesley, Massachusetts, is ranked No. 1 for entrepreneurship, both at the undergraduate level and at the graduate level, according to data presented by the Princeton Review and Entrepreneur magazine.  Babson College/Facebook

The results are in for the latest annual ranking of college entrepreneurship programs, and Babson College in Massachusetts once again leads the list for both undergraduate and graduate programs.

It’s not the first time Babson has won out as the top dog out of 25 undergraduate and graduate programs compiled by the Princeton Review and Entrepreneur magazine. It has been No. 1 on the graduate list for the past four consecutive years, and No. 2 on the undergraduate list for the past two. Following Babson for the undergraduate program category at No. 2 is Baylor University, while the University of Houston is No. 3. In the graduate program study, the No. 2 player is University of Michigan while Brigham Young University ranks No. 3.

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David Nordfors

Innovation drives three quarters of the world’s GDP growth. It destroys old jobs and creates a need for new ones. But the old pegs are not fitting the new holes and unemployment is rising. We can’t stop people from innovating; we can’t pay people for doing unwanted work; and we can’t pay people for doing nothing. So we need innovation that creates wealth AND jobs.

How many economies are organized to do both? Few, today. But it can be done.

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Iowa Innovation Corp

In a recent editorial (Iowans Need to Talk Jobs Strategies, Sept. 9), the Des Moines Register recommended that state's economic development strategy should focus less on corporate incentives and more on creating a climate that encourages new investment in businesses large and small.

We already are.

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