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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.

Chart History of recessions in the US and other countries Business Insider

The US just got a big recession warning on Wednesday, with yields on longer-term federal debt dropping below yields on shorter-term debt.

That could cause panic for anyone who remembers the last time that happened: right before the Great Recession that began in 2007.

The following years saw massive amounts of economic chaos around the world. Throughout the fall of 2008, Wall Street shook as century-old investment banks were toppled amid a collapse of the overheated US housing market. Hundreds of thousands of jobs were lost every month, and the unemployment rate hit a high of 10% in October 2009. A decade later, the effects of the worst recession in generations is still being felt, with the labor market only recently coming close to a full recovery.

Image: https://www.businessinsider.com

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Great Wall of China

Former US vice president and Democratic presidential hopeful Joe Biden has dismissed the idea that China, the world’s second-largest economy, poses much of a threat to the United States. “China is going to eat our lunch? Come on, man,” he said at a campaign stop in May. “China isn’t in competition with us. . . . They can’t figure out how they’re going to deal with the corruption that exists within the system. They’re not bad folks, folks. Guess what—they’re not competition for us.” 

 

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Tim Chen

In 2019, NerdWallet celebrated its tenth anniversary, stretching well beyond the typically short-lived startup life expectancy. After its humble beginnings as a credit card comparison spreadsheet in 2009, the company has since grown into a 300+ person team that sees north of $100 million in annual revenue as it serves up financial wisdom to 100 million visitors.

 

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interview

The toughest job interview question may seem like a softball from the interviewer’s perspective:

“So…tell me about yourself.”

It seems easy because it feels like a free pass: no hypothetical scenario, no request for real-life examples, no technical challenge, not even the dreaded “What’s your biggest flaw?” Just…tell me anything.

 

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John Boitnott

The idea of creating, running and growing a successful nonprofit organization appeals to a lot of entrepreneurs and business leaders. That makes sense, since those who hold leadership roles tend to value the notion of improving conditions for underserved communities or want to advance environmental and social causes important to them. However, it can also present a minefield of potential traps for the unwary to navigate. That's why it’s important to identify the following potential obstacles before you undertake the arduous process of securing 501(c)(3) status from the Internal Revenue Service. 

 

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IU Ventures Logo

BLOOMINGTON, Ind. -- IU Ventures, formerly the Indiana University Research and Technology Corporation, has announced new programs designed to foster connections among investors, IU faculty, students and entrepreneurs throughout the global IU community to support, invest in and grow innovative new enterprises with IU affiliations.

In the past, IU Ventures had a broad engagement focus, dealing with both entrepreneurial ventures and technology transfer on behalf of Indiana University. With the launch of the IU Philanthropic Venture Fund, The Quarry and now the IU Angel Network, IU Ventures is fully dedicated to serving as a connector for IU faculty and students and IU-affiliated entrepreneurs, investors, business leaders and donors in order to advance products and ideas that have market potential.

 

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entrepreneur

When I served as state treasurer, I learned first-hand that the more individuals and institutions feel ownership in growing Oklahoma’s economy, the better our state’s economic results will be.

Now that I’ve been working in the innovation economy for several years, I’ve relearned that same lesson. For a state like Oklahoma to diversify to an innovation economy, everyone has to buy in and do their part. And there is a part for almost everyone.

 

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lessons

For entrepreneurs, selling their startups can be an important affirmation that all their hard work led to the creation of something with lasting value. But it can also be a treacherous process in which founders end up losing control and putting their own interests at risk. I learned the lesson firsthand starting in February 2017, when I set out to vet investment bankers to assist BestReviews (which I co-founded in 2014 with two others) as we considered selling to a strategic partner. Below, I share some of the lessons I learned during the M&A process.

 

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graduates

While MBAs continue to be a popular offering for executives looking to take their careers to the next level, the fairly new master's of science in business analytics has become a strong competitor.

The degree has seen a surge in popularity within the past five years, with top-ranked schools like MIT Sloan, Carlson at the University of Minnesota, and McCombs at the University of Texas offering the program. Global applications have grown 300%, according to education research firm QS Quacquarelli Symonds. Deans of these schools say graduates can expect jobs in data science, quantitative analytics, and data business analytics at top companies like Apple and Amazon.

 

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entrepreneur

Bringing an idea to life can be gratifying. But, it can be an intimidating, too. Like any unknown venture, it’s a roller coaster of ideas that work and ideas that need more work. That’s why we collected inspiring entrepreneurship quotes from successful inventors, innovators, and creators who have been there, and maybe even failed while doing it.

Many of the most memorable entrepreneurship quotes come from an already inspirational source: commencement speeches. Lessons from these speeches span building a career, choosing a less traditional path, and finding yourself. These parting words of wisdom can be particularly helpful to entrepreneurs of all kinds.

 

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arctic ice

When will all the ice in the Arctic be gone? This is a question often asked of sea-ice researchers by the media, the general public and policy makers—and no wonder. Several recent reports have detailed the accelerated loss of summer sea-ice cover in the Arctic. In addition, the observed ice loss is generally happening faster than climate models have forecasted. The question gets even more complicated because we see a large spread in climate model simulations, with ice-free September conditions already happening in 2020 in some simulations but not until well beyond 2100 in others. So determining the answer is tricky. Is this, however, the correct question to be asking in the first place? It assumes sea-ice loss is a function of time, but is that the case?

 

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NewImage

The Wisconsin Early Stage Symposium will be held Nov. 6-7, 2019 at the Monona Terrace Community and Convention Center in Madison. More than 500 people are expected to attend the conference from across the state. There are many networking opportunities throughout the two days!

Companies will have plenty of chances to interact with angel and venture investors from Wisconsin and beyond.

Our Wisconsin WOMEN event will take place on the evening of Nov 5, in concert with the WARF Innovation Day which occurs during the day. We are looking forward to a large, fun reception together. Stay tuned for more details to be released.

 

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NewImage

When it comes to Canada’s burgeoning and evolving tech scene, the federal minister in charge says he wants to “create global champions and a culture of innovation.”

And according to Navdeep Bains, this means “looking at how we can create conditions for success.”

Bains, the federal Minister of Innovation, Science, and Economic Development, and MP for Mississauga-Malton, made the comments during a recent sit-down interview with Daily Hive in Vancouver.

Image: Canada's Innovation, Science, and Economic Development Minister Navdeep Bains at Daily Hive. (Daily Hive) 

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financing

We spend a lot of time talking about new funds, and new startup venture raises, but we spend little time talking about the cash flow challenges of running a venture fund. Let’s change that today.

Starting a new venture fund is extremely challenging. In addition to just the monstrous task of fundraising — which can take as long as two years in some cases to lock down all the limited partners (LPs) on the same terms — the economics for a debut fund are often just terrible.

 

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money

Innovators and startup companies with devices designed to improve neonatal or NICU care now have a one-week extension until Aug. 19, 2019 to apply for the $150K "Make Your Medical Device Pitch for Kids!" competition funded by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI).

WASHINGTON, August 12, 2019 /PRNewswire-PRWeb/ -- Innovators and startup companies with devices designed to improve neonatal or NICU care now have a one-week extension until Aug. 19, 2019 to apply for the $150K "Make Your Medical Device Pitch for Kids!" competition funded by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI). The competition will be held Sunday, Sept. 22 in Boston, Mass. in conjunction with the 7th Annual Pediatric Device Innovation Symposium that is hosted by Children's National Health System.

 

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growth

Investment in healthcare artificial intelligence startups and companies focused on mental health and wellness soared in the second quarter as both sectors hit funding highs, according to a new report.

Healthcare AI companies raised $864 million in the second quarter, compared to the $764 million AI startups raised in the second quarter of 2018, according to technology market intelligence company CB Insights' global healthcare report released on Tuesday morning.

 

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Adi Gaskell

The last few years have placed the fate of post-industrial towns into the spotlight, as the plight of communities whose economies have fallen on fallow ground has become a central discussion point of policy making on both sides of the Atlantic.

The de-industrialization across much of the western world has seen a large number of traditional industries enter terminal decline, with a profound impact upon the communities that grew up around those industries.

 

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