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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.

mistake

Jeffrey was the CEO of a hedge fund, and he was upset about some poor trades that Tom, one of his portfolio managers, made. He called Tom into his office. (This is a real example with real people, but I’ve changed their names.)

 

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Hidden beneath the Fram Strait, a passage that separates Greenland and Svalbard, lies the deepest point in the Arctic Ocean, where the seafloor plunges some 18,209 feet (5,550 meters) down. And now, explorer Victor Vescovo has become the first person to ever reach it. 

The diving feat also makes him the first person to dive to the deepest part of all the world's oceans.

Image: On Aug. 24, explorer Victor Vescovo dove to the deepest part of the Arctic Ocean.(Image: © Five Deeps Expedition/Discovery Channel) 

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Many young professionals have high ambitions for their career. They want monetary reward, recognition, and a challenging career path; they also want to make a meaningful contribution, through their work, to improving the world at large. Even if they begin in a purely operational or transactional role, over time they see examples of people who have seized opportunities at a broader scale, and they want to do the same. They want to become strategic leaders.

Image: Photograph by Hero Images

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About 8.8 million tons of plastic accumulate in the oceans each year, but only about 270,000 tons are believed to be floating on the surface.

For years, most scientists have thought that the "missing" plastic quickly degrades after entering the ocean, breaking apart into microplastics — tiny fragments less than 5 millimeters long — then falling to the bottom of the ocean.

Image: A plastic item floating in the Great Pacific Garbage Patch. The Ocean Cleanup

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leader

It was a year ago that our country lost one of its most well-known and respected mavericks in recent political history. After John McCain passed away, many felt that his death left a void that would be hard to fill and wondered whether nonconformist leaders like him, who usually worry more about what’s right than about what’s popular, still exist. The McCain Institute for International Leadership even launched a nonpartisan campaign called #MavericksNeeded, reminding us all of the need to uphold principles of freedom and democracy, encourage moral reasoning, and bring progress.

 

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Recent research shows that The Netherlands will face a shortage of 54,000 IT employees by 2020. It is for this reason that the Epicenter and School of Applied Technology also known as < /salt> has launched a career-program for programmers with track-record in diversity. This program was launched right in time of opening the Epicenter in Amsterdam.

Image: https://siliconcanals.com

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A report recently released by Brookings says Pennsylvania’s innovation economy has gone stagnant, especially outside of hubs like Philadelphia and Pittsburgh.

The report blames a few factors, such as diminished investment by state government in early-stage companies and below-average R&D expenditures by Pennsylvania-based companies, and goes on to argue that to boost its innovation sector performance, Pennsylvania should borrow economic development strategies from competing states.

Image: U.S. Route 1 in Chester County. (Photo by Flickr user Adam Moss, used via a Creative Commons license)

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International students bailed out public universities during the recession that began in 2008, their tuition helping fill the budgetary hole left by state funding cuts.

But as another downturn looms, colleges won’t be able to rely on students from...

Image: Imaginechina via AP Images Visitors in Beijing crowd into the U.S. exhibition area during the China Education Expo 2012, when times were better for international education in the United States.

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jogger

A small clinical study in California has suggested for the first time that it might be possible to reverse the body’s epigenetic clock, which measures a person’s biological age.

For one year, nine healthy volunteers took a cocktail of three common drugs — growth hormone and two diabetes medications — and on average shed 2.5 years of their biological ages, measured by analysing marks on a person’s genomes. The participants’ immune systems also showed signs of rejuvenation.

 

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New Accenture exec aims to put Houston s innovation ecosystem on the map InnovationMap

In most industries, there's a disconnect between startups and major corporations. The startups may have solutions for the big companies, but the two entities might not know how to connect with each other. That's something Accenture hopes to help with.

The company created Accenture Ventures to help connect the dots between emerging technology and big business. As the program has expanded, Thomas Rubenak was selected to serve the Southwest region as senior principal.

Image: Thomas Rubenak is senior principal of Accenture Ventures. Courtesy of Accenture

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landscape

Let’s imagine for a moment that we’ve reached the middle of the century. It’s 2050, and we have a moment to reflect—the climate fight remains the consuming battle of our age, but its most intense phase may be in our rearview mirror. And so we can look back to see how we might have managed to dramatically change our society and economy. We had no other choice.

 

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invest

INVESTORS SEEKING THE next Apple (ticker: APPL), Alphabet (GOOG, GOOGL) or Netflix (NFLX) might find it with a venture capital investment. Unlike investing in a publicly traded stock where you own a portion of a large, highly vetted firm, venture capital investments finance startups and small businesses with long term growth potential.

Most venture capital investments come from firms designed to finance startups, wealthy investors, financial institutions or investment banks. Venture capital investing is risky, with the possibility of outsized gains and losses.

 

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The University of California, Davis, nearly matched its record level of annual research funding in 2018-19, receiving $845.5 million in grants and contracts, coming in at $1.2 million below the previous year’s record-setting total of $846.7 million. 

“I’m pleased that our research funding is nearly setting records,” said Chancellor Gary S. May. “From finding new ways to feed the world to fighting global disease, UC Davis researchers continue to excel in pursuing knowledge and innovations that are critical for a better tomorrow.”  

Image: UC Davis photo

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network

I recently met a vice president from a hot artificial intelligence startup that found its way into a deal with a U.S. intelligence community agency. The company’s product uses AI to enable the  rapid identification of elements on video, so you can imagine why the IC agency was interested.

But the story the young executive told me about how this vital capability eventually got into the hands of the IC should give us pause.

 

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In my experience as an advisor to entrepreneurs, business startup founders most often point to a shortage of funds as the primary cause of their startup failure. Yet I often see evidence that points right back at the founder or business owner, attempting to maintain excessive power and influence over of the effort, leading to a wide range of problems and a dysfunctional team.

Image: https://blog.startupprofessionals.com

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office space

New trends in workplace design may turn out to be as game-changing as the ongoing technological revolution.

Flying sharks, waterfalls in the lobby, in-house top chefs and dogs in the workplace. These are just a few tangible examples of experience design re-imagining organisations beyond the traditional scope of organisation design.

 

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