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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.

Spider Arachnid Animal Free image on Pixabay

Looking to the realms of science fiction, robots get a pretty bad rep. Endless examples of robot uprisings and plots for world domination haven’t assisted the technology’s efforts to be welcomed by humans in the workplace. Here, Mark Howard, U.S. country manager of industrial parts supplier, EU Automation, gives his three crucial steps to alleviating human resistance to robot deployment:

According to a report published by Reuters, U.S companies installed more robots than ever before in 2018. Shipments of robotic machinery hit a colossal 28,478 deliveries — that’s a 16 percent increase compared to the previous year. Deployment increased in almost every sector, including life sciences, food and consumer goods, and semiconductors and electronics.

 

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Bank Note Dollar Usd Free photo on Pixabay

While some fields of study, like engineering or finance, can reliably lead to highly remunerative careers, other majors may not guarantee great wealth, even if they're still associated with socially useful and emotionally satisfying jobs.

Using individual-level data from the US Census Bureau's 2017 American Community Survey compiled by the Minnesota Population Center's Integrated Public Use Microdata Series program, we looked at average total annual personal incomes for different fields of study among college degree holders.

 

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piggy bank

Imagine a dynamic economy. Businesses compete for customers under the constant threat of new competitors entering the market. If firms want to survive, they need to constantly innovate and upgrade the quality of their products while keeping their prices low. If they cannot, they may be replaced by those that can. Resources keep flowing to the firms that use them best.

 

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Tiffany Delmore

Entrepreneurs have a habit of blaming their lack of enthusiasm or increased fatigue on burnout. While burnout certainly isn’t uncommon among founders, the condition is often self-misdiagnosed, which can derail attempts to address the real problem. As psychiatrist Richard Friedman points out in the New York Times, overgeneralizing burnout diminishes the credibility of the syndrome (which has been defined by the World Health Organization).

 

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Galen Karlan-Mason

To be a successful entrepreneur you have to identify a problem you feel passionate about. That certainly was the case for Galen Karlan Mason who, as a graduate student, was passionate about making healthy, ethical, and sustainable food choices at the supermarket, but couldn’t find a tool to help solve this problem. And that’s exactly why he decided to take the entrepreneurial leap and start his own company.

Image: Galen Karlan-Mason

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More venture capital or disruptive ideas? What does Milwaukee and Wisconsin’s startup ecosystem need to get to the next level?

Perhaps it is a chicken-or-the-egg scenario, but does the state need more venture capital, or more disruptive ideas to jump start a budding ecosystem?

Badger Fund of Funds partner Ken Johnson says Wisconsin would find more value in additional human capital more so than venture capital. For Johnson, this means entrepreneurs building more unique products that not only address an untouched market but also sell high so investors make a larger return of their investment.

Image: Local and regional leaders in the startup space sat on a panel Tuesday night at Marquette University Law School for “On The Issues: Creating A Healthy Innovation Economy,” a Startup Milwaukee week event.

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Developing and implementing an open talent strategy—one that engages contract freelancers in a structured way within your company—is an exciting step that puts organizations out front of innovation. But it can feel like shaky territory for some parts of businesses, notably IP, legal, and other key stakeholders whose job it is to uphold the business’s integrity while pursuing innovation and growth.

 

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The culture of overwork – with the expectation of incredibly long hours and interrupted vacations – is often criticised for its negative impact on workers and organisations. Workers suffer from burnout, are not as productive as they think they are and make mistakes, as research has made overwhelmingly clear. Because of this, overwork can cut into a company’s bottom line. But as the evidence against overwork mounts, understanding why it is still so widespread becomes even more important.

 

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As a business advisor, I strongly believe that continuous innovation and design thinking are the keys to long-term viability and success. A recent survey of design professionals shows strong agreement, but 92 percent expressed some lack of confidence in their organization’s design vision. They are always on the lookout for ways to prepare current and future design leaders.

“Design thinking” is a methodology used to solve complex challenges, such as the ones faced by every business in today’s rapidly changing and highly competitive environment. A design mindset is not product-focused - it’s solution focused and action oriented towards creating better customer experiences and value. In businesses, this requires a new internal culture and leadership.

Image: https://blog.startupprofessionals.com

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Machine learning will dramatically improve health care. There are already a myriad impactful ML health care applications from imaging to predicting readmissions to the back office. But there are also high-profile, expensive efforts that have not achieved their goals.

 

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