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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.

First Round State of Startups 2017

Every year, we survey as many venture-backed startup founders as possible to figure out what it's like to run a technology company right now. This year, we got more responses than ever before — 869 — giving us an even more precise pulse on what entrepreneurs think, feel, fear, and value. As we have since 2015, we're excited to present the results here — starting with the trends and insights that stood out as important or counterintuitive.

Image: http://stateofstartups.firstround.com

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Accounting and tech consultant Deloitte released its predictions for the technology industry in 2018, covering topics from the growth of augmented reality to the triumph of live programming on the Internet.

The predictions are part of the company’s 17th annual Technology, Media, & Telecommunications report. Some of the predictions are for tech growth in 2018, while other predictions refer to growth in future years.

Image: Deloitte

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More than nine months after North Carolina’s crowdfunding bill, the NC PACES Act, became law, there are still no takers.

In an interview last week, N.C. Secretary of State Elaine Marshall says she can’t pinpoint what’s holding small business owners back. “I don’t know if it’s like jumping in the swimming pool, when somebody does…. then everybody else jumps in,” she says. “But we’re ready."

 

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Angel Tax Credit for Tennessee Investors Launch Tennessee

Part of a multi-pronged approach to capital formation, the Angel Tax Credit (ATC) incentive program is one of many ways that Launch Tennessee works to create a more favorable environment for early stage investment.

Through education and awareness of programs like the ATC, LaunchTN hopes to fill the gap in early stage funding by incentivizing new angel investment and encouraging continued positive momentum for existing angel investors.

Image: http://launchtn.org

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The University of Pittsburgh is launching a startup business accelerator called LifeX, backing a push to leverage Western Pennsylvania’s strengths in the life sciences with private investors.

The new center will be located in the Strip District and 10 companies have committed to moving in, including Sharp Edge Labs Inc., Western Oncolytics Ltd. and Peptilogics Inc.

Dietrich Stephan, a serial entrepreneur and chair of Pitt’s Department of Human Genetics, will serve as LifeX CEO.

Image: Lake Fong/Post-Gazette

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meeting

Collaborations between companies and universities are critical drivers of the innovation economy. These relationships have long been a mainstay of corporate research and development (R&D) — from creating the knowledge foundations for the next generation of solutions, to serving as an extended “workbench” to solve short-term, incremental problems, to providing a flow of newly minted talent. As many corporations look to open innovation to augment their internal R&D efforts, universities have become essential partners. Indeed, companies now look to universities to anchor an increasingly broad set of innovation activities, especially those grounded in engaging with regional innovation ecosystems. Silicon Valley, Kendall Square in Cambridge, Massachusetts, and Block 71 in Singapore are among the most visible innovation ecosystems where universities are essential stakeholders in an innovation community that also includes corporations, government entities, venture investors, and entrepreneurs.

 

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tax

The Republicans’ Senate tax bill, named the Republican Tax Cuts and Jobs Act, passed in the early hours of Saturday, Dec. 2. It could impact everything from health care to college savings. But how would the tax bill affect you personally?

While nothing is final until the House and Senate hash out a joint bill and it’s signed by President Donald Trump, number crunchers are already looking at how the tax bill would affect taxpayers.

 

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smell

Researchers from the University of Bristol have just shared the promising results of a new treatment for spinal cord injuries that could help regenerate nerves and potentially improve patients’ quality of life.

The new therapy involves the transplantation of cells that have been modified to secrete a molecule that helps to remove scarring caused by spinal cord damage. This scarring can limit the regrowth of nerves, thus greatly hindering a patient’s potential for recovery.

 

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todo list

If you have a love-hate relationship with lists of all kinds, you aren’t alone. On one hand, making a list–whether it’s a grocery list or a to-do list–gives you a single place to keep all your priorities front and center. But that same list can also be a source of anxiety. The longer it gets, the more you may find yourself avoiding it, knowing that the effort it’ll take to cross everything off is going to be considerable.

 

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The pattern of suburban (and exurban) population growth in the suburbs and exurbs that has dominated the United States since World War II has returned and is intensifying. This is evident from the latest American Community Survey (ACS) data for the 53 major metropolitan areas (more than 1 million population) as analyzed by the City Sector Model (See Note: The City Sector Model).

Before World War II, US metropolitan areas were considerably less automobile oriented and had higher population densities. There had been considerable suburbanization in the 1920s, facilitated at first by transit and then by early automobile growth, but that was largely interrupted by the Great Depression of the 1930s. More rapid suburbanization took place following the war.

Image: http://www.newgeography.com

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digital

For the past 30 years, business has changed dramatically because of digital innovation — but only up to a point. Although many practices, products, and services have evolved, and a few sectors (such as media) have been fundamentally changed, very few enterprises have had their core businesses disrupted. But that is about to change, in a way that will — or should — affect the strategy of your company.

All disruption (digital or otherwise) takes place on an industry-wide scale, forcing a significant shift in profitability from one prevailing business model to another. The new model typically provides customers with the same or better value at a much lower cost. Companies wedded to the old business model lose ground, and some are even pushed out of business. A group of challengers that embrace the new business model gain advantage and take a dominant position in the market.

 

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When Christine Ortiz, a former dean of the graduate school at the Massachusetts Institute of Technology, last spoke with The Chronicle, she shared big plans for creating “the university of the future.” She said it would forgo many college mainstays, like traditional classes and academic departments.

Ms. Ortiz still has her lofty dreams and a tenured professorship in materials science and engineering at MIT, but now, she says, she also has a founding team, start-up funds, and a name for the enterprise: Station1.

Image: MIT - Christine Ortiz

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