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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.

The ones that got away Why making it big in tech might mean leaving Canada Financial Post

As a teenager in 1976 attending the elite Toronto high school, Upper Canada College, Michael Evans knew he wanted something different than his peers: he wanted to leave the country.

That itch initially led him to Princeton University in New Jersey, and later to a banking career in New York, London and Asia.

Today, as president of Alibaba Group. — China’s answer to Amazon.com Inc. — Evans spends the majority of his time in China and other developing countries, helping build out online payment methods, a smart logistics system and digital innovations that will allow their economies to, technologically speaking, leapfrog the developed world.

Image: IHS Markit’s Lance Uggla, left, Andrew Arruda of ROSS Intelligence, centre, and president of Alibaba Group Michael Evans, right.Becky Guthrie/National Post

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SALT LAKE CITY — While the long-term fate of the Utah Science, Technology and Research Initiative continues to hang in the balance, the agency is hosting a national conference this week for other innovation industry development groups from around the country.

The conference is an annual event organized by the State Science and Technology Institute, a national nonprofit based in Columbus, Ohio, that works in support of agencies like USTAR that are working to leverage economic development through the support of technology and innovation endeavors.

Image: Jeffrey D. Allred, Deseret News - FILE - President Russell M. Nelson, president of The Church of Jesus Christ of Latter-day Saints, speaks at the Utah Technology Innovation Summit in Salt Lake City on Wednesday, June 6, 2018 after receiving a lifetime achievement award for his accomplishments as a heart surgeon and researcher.

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scientist

A tax credit approved by the Arizona Legislature to incentivize investment in early-stage bioscience and technology companies has proven to be a popular tool among local funders.

The impact of the Angel Investor Tax Credit program has been millions of dollars invested in Arizona startup companies, resulting in business and job growth and more than $1 billion in economic output.

 

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Houston s venture capital ecosystem growth depends on telling our story TMC News

Houston’s accelerating venture capital landscape has yet to reach its full potential, but—with some work—this will happen, leading investment and entrepreneurship experts said at the 2018 Houston Exponential Capital Summit held at the Texas Medical Center this week.

“People don’t know what’s going on here,” said renown Silicon Valley venture capitalist Jack Gill, Ph.D., founder of Vanguard Ventures, a technology venture capital fund based in Palo Alto, Calif., and a professor in the practice of entrepreneurship at Rice University. “What we have to do is create momentum and tell the success stories.”

Image: http://www.tmc.edu

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Through my experience of working with engineering teams and throughout many other aspects of life, I’ve learned that more is actually less. It is even true when assessing engineering teams in tech startups.

When I see companies like Google and Facebook with their thousands of engineers, I can’t help but wonder: Is there really a need for such a huge engineering team? Is that the most efficient way to become a meaningful, large and successful software company? Don’t you lose contact with your product with so many engineers simultaneously working on it? And how fast can you really make changes with the bureaucracy of such a large organization?

 

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If there are three things I’m known for here at MIT Technology Review, it’s my love of 3D printing, my science fashion, and my nerd cred (the latter is quite a claim here at MIT, where nerd cred is universally high).

Recommended for You 250 pages of internal Facebook files were just dumped online—here are the 6 key takeaways Canada has arrested Huawei’s CFO for extradition to the US So much for that hope of reaching peak climate emissions How to check if you’re affected by the Marriott mega data breach Despite CRISPR baby controversy, Harvard University will begin gene-editing sperm So when it came to planning my wedding, the traditional route was definitely not for me. I have a mechanical engineering background and have owned a desktop 3D printer for the past three years, so the chance to combine my passion for manufacturing with a huge life milestone was too tempting to pass up. That meant infusing 3D printing into the day everywhere I could.

Image: MARK PARIANI - https://www.technologyreview.com

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New Haven has set a goal to become a “City that Codes,” by doubling the annual number of new professional level software talent trained here by 2022.

It is one of 50 cities across the country chosen to participate in a new program - the City Innovation Ecosystem Program - offered through the National League of Cities.

Image: https://www.nhregister.com

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team

By redirecting resources and employees to higher-value areas, companies can ensure that organizational structure and spending align with business strategy.

Single-minded pursuit of growth and scale can produce impressive top-line revenues. However, executives can discover that, along the way, organizational issues—including siloed functions, redundant capabilities across business units, and gradual mission creep as functions take on added responsibilities—have impeded greater profitability.

 

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handshake

In this age of constant change, I usually find myself writing about what has changed. Yet I find that periodically it pays to reflect on what hasn’t changed in business, probably won’t change in the foreseeable future, and is still critical to our success in our professional career, as well as the success of our business. Here is my list of the basics that some people in business tend to forget:

 

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Leaning Tower of Pisa

Once every year, engineers measure the Leaning Tower of Pisa’s precarious tilt. Last week they announced that the tower had been self-correcting for more than a decade and had finally stopped. The surprise gain straightened the landmark by four centimeters. Although that may seem small, it is a welcome gift after centuries of worry that the building would simply topple.

 

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Silicon valley embraces aquaculture innovation The Fish Site

“The competition series is a platform that brings together innovative businesses with potential investors, partners and expert advisors,” said Fish 2.0 executive director, Monica Jain. “We’re trying to create a community and network that can work together to grow the sustainable seafood and ocean sectors more quickly.”

Image: Fish 2.0's Innovation Forum in San Francisco attracted entrepreneurs, investors and regulators © Fish 2.0

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cancer cells

Australian scientists have developed a simple blood test that they claim can diagnose cancer in mere minutes by identifying a unique DNA signature present in all types of the disease.

A genetic pattern in all cancers, researchers said Tuesday, could help make diagnosing cancer more accessible and affordable. The blood test detected cancer with 90 percent accuracy in the University of Queensland’s tests of different human cancers and healthy cells and can be done in only 10 minutes.

 

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