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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.

MIT

The Massachusetts Institute of Technology announced on Monday that it would spend $1 billion on a new college within MIT to study artificial intelligence.

Artificial intelligence, or machine learning, involves the development of software that, just like the human brain, takes in data, weighs it, makes a decision, and, often, takes action, all without human intervention.

 

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college students

If you admire the millionaire and billionaire investors on the TV show "Shark Tank," then you might be interested in attending an MBA program where you will learn how to identify companies worthy of investment.

Many business schools offer courses in venture capital, an investing specialty which involves identifying and buying stock in startups that have the potential to become wildly profitable.

 

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NewImage

The U.S. Department of Health and Human Services (HHS) is doing everything from sharing more data to cultivating entrepreneurial talent and engaging in partnerships in order to support medical device innovators, the department’s CTO Ed Simcox told than 100 industry insiders in the Twin Cities today.

Image: https://www.medicaldesignandoutsourcing.com

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NewImage

As the home of Royal Philips Electronics for more than 125 years, the southern Netherlands city of Eindhoven — now the country’s fifth largest, with more than a quarter-million residents — once epitomized the industrial heart of the country. During that period, its design, development, and economic vitality were inextricably linked to the electronics giant — long the city’s largest employer, ever since the lightbulb factory opened its doors during the First World War.

Image: John Cleese's beloved "Ministry of Silly Walks" sketch from "Monty Python's Flying Circus" is immortalized in a formerly drab bicycle tunnel as part of Eindhoven's "Smile Factor" program.    - https://nextcity.org

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“Investors aren’t used to seeing people that look like you, you’re already 10 points down when you walk in the door, you better know your sh*t.”

That was the advice I got from an investor 3 years ago when I was starting my company Amaliah, with my pregnant co-founder who was about to pop.

And for sure he was right, my co-founder and I don’t look like the people you see in an investment portfolio. The startup scene and in particular the venture scene was, is, overwhelmingly white males.

Image: Part of Backstage Capital teamBACKSTAGE CAPITAL

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Deep Patel

Many excellent movies have been made about entrepreneurs and the pioneering spirit they embody. These movies can encourage, exhilarate and, of course, entertain us.

For all the aspiring entrepreneurs out there who are looking for some movie inspiration while cozying up with some popcorn, here are the top 13 flicks about the entrepreneurial experience.

 

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The days of leadership without engagement are gone. With interactive social media and video everywhere, everyone needs to feel they have a relationship with their leaders, and every brand needs leader personification for customers to relate. Soon you won’t be able to name a business as one of your favorites if you can’t personally visualize and relate to company leadership.

 

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spiral

From your passwords to where you parked your car, there’s a lot to remember every day. If you struggle with your memory but shrug your shoulders and accept it as is, you’re holding yourself back, says Nelson Dellis, author of Remember It! The Names of People You Meet, All of Your Passwords, Where You Left Your Keys, and Everything Else You Tend to Forget.

 

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team

We hear a lot of talk about the first employee at a startup or on a team. Nikita Dyer Miller has made a specialty of being the fourth product manager.

It may not sound glamorous, but that’s a uniquely challenging — and impactful — space to occupy. She’s found that for a product team, the boom from a couple of PMs to 10 or more is a make-or-break moment. It marks a greater shift and line in the sand: the threshold between early stage and growth stage, old guard and new guard, original and restructured team

 

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The biggest challenge for every entrepreneur and every startup today is to get noticed and remembered in today’s information overload. The number of entrepreneurs worldwide is huge, starting an estimated 50 million new businesses per year, or 137,000 per day. Every one of these probably has a unique story, but in my years as a startup advisor I only remember hearing a few who capitalized on their story.

 

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