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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.

bucket list

As someone who loves to travel, I have a pretty intense bucket list of places I want to go to, sights to see, and events to attend. Right now, I have about 10 different countries I want to visit, and I need to squeeze in a drawing class to better hone my artistic skills, too. I also want to challenge myself at work by pitching and writing for different publications, and there’s a handful of musicians I want to see perform live at least once in my lifetime. Oh, and did I mention that I someday want to try reading my poetry at an open mic night?

 

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Chicago

Even as Site Selection publisher Conway Inc. and partners gear up for the 2018 edition of The World’s Most Competitive Cities, we have examined the results of the 2017 edition all year long, looking at top cities in each of six world regions across multiple industry sectors. But what if all those regional leaders competed straight up across all sectors?

We re-racked the project numbers and found an All-American Top 10 led by Chicago, the mighty Texas duo of Houston and Dallas-Fort Worth, then No. 4 Cincinnati and No. 5 Atlanta. Detroit, Columbus, New York, Kansas City and Charlotte round out the Top 10.

 

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gift

Getting the right gift for a co-worker or Secret Santa can be tough, but picking out the right present for your boss blows those two out of the water on the stress scale. Because hey -- that’s your boss and in some cases the leader of your company.

If you’ve got a boss who’s on the more serious side, maybe something like personalized stationery or eye care LED desk light. If they’re more on the goofy side, some fun, inspirational socks might be a better option. Don’t worry -- whoever they are and whatever your relationship is, we’ve got something on this list for everyone.

 

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NewImage

If you work for a big, established company, you’ve probably been noticing the sudden rise of a new trend: the innovation lab. Companies as diverse as Delta Air Lines, Target, Google, Pfizer, Marriott, Autodesk, Fidelity Investments, Ford, Verizon, and Stanley Black & Decker are jumping on the bandwagon.

Often, it appears, companies are seeing the need to showcase how innovative they are. And the solution seems to be to build a flashy new work environment, install bean bags, foosball tables, whiteboards, and cold-brew some coffee and voila, we’ve got ourselves a lab.

Image: https://www.forbes.com

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lemonade stand

Students were asked to create pop-up businesses for a class assignment. They were told they could keep their profits. They’re giving the money to nonprofits instead.

Gannon University entrepreneurship instructor Kurt Hersch tried something different this year with the students of his global business policy and strategy class.

He asked his 27 senior business majors to split into five teams and make a business pitch to two groups of finance majors who acted as venture capital firms. Think of the hit TV show “Shark Tank,” but on a smaller, more supportive scale, he said.

 

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startup

When I first became involved with the startup scene here in St. Louis, I heard one phrase get used a lot: St. Louis needed a big exit, preferably a billion-dollar exit, to validate its startup scene. A billion dollars would really put us on the map.

A billion dollars does sound pretty good.

If I personally had a billion dollars, I wouldn’t be freaking out over the payment on the base-model Toyota Tacoma I just bought. In fact, I wouldn’t have the base-model Tacoma. I would have bought the one at the front of the lot that had huge tires and a fold-out tent in the bed. And, just like the way Ice-Cube’s uncle paid for his new house in Next Friday, I would have paid cash money for that Toyota.

 

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money

Texas Medical Center’s launch of the $25 million TMC Venture Fund adds the organization to a growing list of institutions that have made investing in early stage healthcare startups part of their strategy for cultivating innovation across their networks. TMC has connected the venture fund to its 3-year-old accelerator and other sources of entrepreneurship in its community.

From the perspective of Bill McKeon, Texas Medical Center CEO, the venture fund is a way of helping fulfill a broader vision of cultivating innovation across the health system.

 

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NewImage

Technology companies like Apple, Samsung, Microsoft and more are constantly finding new ways to improve their cutting-edge products, whether it’s with stunning new hardware designs, useful software improvements, or by coming up with entirely new products we didn’t even know we wanted.

Image: Samsung; Nintendo; Sony; Amazon; Photo Illustration by Kim Bubello

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Duke Incubation Fund Launches to Support Early Stage Ideas Duke Today

The Duke Innovation & Entrepreneurship Initiative today announced the creation of the Duke Incubation Fund, a vehicle for enabling projects originating within the campus innovation community.

The fund will offer awards to Duke faculty, graduate students, post-docs and medical residents and fellows to support early-stage ideas based on Duke intellectual property with the potential to go to market and affect society. 

 

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VIVEK WADHWA image Google Search

Between driverless cars and AI and gene modification technology, we're about to see a lot of very big changes in a short amount of time. But there's a danger of people rebelling because things moved too fast. Imagine an angry, jobless populace once driverless cars take away the transportation industry and electric cars take away the gas industry. Will politicians have to enact universal basic income? It's a sobering reminder that we are—as a country and as a species—still adapting to an every changing world. Even if it's a world that we designed. Vivek tackles this and a host of other issues (as well as some great things to look forward to) in our first long-form video. Vivek is the author of The Driver in the Driverless Car: How Our Technology Choices Will Create the Future.

 

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donut

I regularly hear people complain that our region lacks venture capital. Last week I asked members of our entrepreneurial community about this perceived funding gap and what they thought we should do about it.

The first thing I learned was that the venture capital funding gap was most profoundly felt when a start-up needed capital to accelerate its climb towards success, what I’ll call “acceleration capital.” The entrepreneurs pointed to many start-ups successfully finding their initial risk capital from friends and families, or smaller venture funds, and raising the first $250,000 to $1 million necessary to get started.

 

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NewImage

Every entrepreneur can learn from a mentor, no matter how confident or successful they have been to date. Most people don’t know that billionaire Mark Zuckerberg, for example, gives real credit to the inspiring mentorship of Steve Jobs for Mark’s Facebook success. Yet most entrepreneurs simply don’t know how to work with a mentor. It is not as simple as one person giving the other all the right answers.

Image: http://blog.startupprofessionals.com

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