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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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LAWRENCE — Public universities have made strides in evolving their technology transfer activities, but they must do more to address the demands of the innovation economy, according to a new report by the Association of Public and Land-grant Universities (APLU).

The report, Technology Transfer Evolution: Driving Economic Prosperity, calls on universities to accelerate their transition to a technology transfer model that reflects broader engagement in economic development and connects to the learning and discovery missions of universities. APLU’s Commission on Innovation, Competitiveness & Economic Prosperity produced the report to help public research universities evolve toward more comprehensive technology transfer efforts.

Image: http://today.ku.edu

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Johns Hopkins Scientists Explain Rudolph Grinch Scrooge

Newswise — Although reindeer noses aren’t typically red, or infused with enough light to guide a sleigh, Farber says other earthly creatures are that color and glow through bioluminescence or fluorescence — everything from jelly fish to sea anemones to the zebrafish he studies. If genetic material from one of those organisms found a way into Rudolph’s DNA, Farber supposes he, too, could glow red — or at least a certain protuberance on his face could.

How might that happen? Say Rudolph’s mother, while pregnant, came upon Anthozoan coral, a brilliantly red species found in shallow tropical waters. And say she cut herself on the coral. Coral DNA might have entered her bloodstream, Farber says. In a one-in-a-million event, only slightly more likely than running into a flying reindeer, the coral DNA might have moved from her blood into a virus-like genetic element that transferred it into the egg cell that formed Rudolph.

 

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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. Recent surveys of global business leaders show that they overwhelmingly agree, but less than a third believe their organizations’ culture and leadership are ready today, They and I are always on the lookout for ways to prepare current and future leaders.

Image: http://blog.startupprofessionals.com

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laptop

In October I worked from a Rio de Janeiro cafe, finishing up a PR campaign. In November I did business development in Tokyo. This month I’m designing a new product line from Seoul. For the past two years I’ve run a marketing agency and an e-commerce store from 20 countries with just a laptop and a Wi-Fi connection.

 

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As most of you might know, business angels (or angel investors) are typically wealthy individuals who aim to help entrepreneurs succeed with a business idea by investing their own money. On the fundraising scale, business angels are filling the vacuum between the 3Fs (friends, family and fools) and venture capital firms. However, it can be challenging to find the right angel investor who is passionate about your business and helps you grow it with funding and advice. Below you’ll find a list with 40 of Europe’s most active and most influential angel investors:

Image: http://www.eu-startups.com

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Steve Case

Steve Case’s Rise of the Rest seed fund has raised $150 million from a cavalcade of high-profile investors.

Investors in the new fund, named after Case's yearslong effort to draw more attention to nontraditional areas outside of Silicon Valley and New York, include Amazon chief and Washington Post owner Jeff Bezos, The Carlyle Group co-founder David Rubenstein, Google CEO Eric Schmidt, Starbucks CEO Howard Schultz and members of the Koch, Pritzker and Walton families, according to a release.

 

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podcast

By building an ecosystem of groups and departments that you need support from to make your innovation successful, you greatly enhance your chances for success. This innovation ecosystem can consists of:

  • Operations (finance, IT, legal, etc) 
  • Manufacturing/supply chain 
  • Product development/services delivery 
  • Sales and Marketing

 

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The landscape for the delivery of health care in the United States is changing, but the traditional care-delivery players are not the change agents. The recent announcement of CVS’s $69 billion deal to acquire Aetna brings an insurer together with a large network of primary care providers: CVS has built more than 1,100 Minute Clinic locations inside its pharmacy stores in 33 states and the District of Columbia. Also, Optum a division of UnitedHealth Group, the largest health insurer in America, has quietly amassed a group of medical providers over 20,000 strong, and on December 6, UnitedHealth announced plans to acquire DaVita Medical Group for the $4.9 billion. DaVita operates nearly 300 medical clinics, 35 urgent-care centers, and six outpatient surgery centers in California, Colorado, Florida, Nevada, New Mexico, and Washington.

 

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Woodbridge-based pharmaceuticals magnate is giving $22.5 million to UConn — the second-largest donation in school history — to found the Peter J. Werth Institute for Entrepreneurship and Innovation.

Werth, founder and CEO of Woodbridge drug manufacturer ChemWerth, pledged the millions of dollars Monday in a residence hall that will now bear his name. His name is already on the facility where the women’s and men’s basketball teams practice.

Image: Peter J. Werth, at podium, speaks at an event to announce his $22.5 millon to the UConn Foundation. (Peter Morenus/UConn Photo) (Peter Morenus / UConn)

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When Steve Case, the billionaire co-founder of AOL, first met J. D. Vance, author of “Hillbilly Elegy,” the best-selling book about the industrial decline of the Midwest, Mr. Case told him, “I really love the book but there is a part of it I don’t love.”

Mr. Vance listened patiently.

“It helped frame the problem but it didn’t really offer up a solution,” Mr. Case told him.

“Well, it is interesting you say that,” Mr. Vance replied, “because that’s really what my next chapter is going to be.”

Image: The AOL co-founder Steve Case, front, and the author J.D. Vance quietly recruited some of the country’s wealthiest people to invest in their Rise of the Rest fund, which will seed investments in underserved cities and encourage their contributors to partner with benefiting businesses. Credit Maddie McGarvey for The New York Times

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