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Founded by Rich Bendis

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.

Rich Bendis

The First Coast Innovator’s Gathering on Day 1 is focused on tech hubs and companies from the First Coast: DC, MD, PA, NJ, NY, RI, CT, and MA. We encourage all global tech hubs and their constituents to attend.

Tech hubs and global attendees will be able to sign up for partnering meetings ahead of the conference, making sure they setup ideal meetings with global investors and strategic partners that are a fit for their technology and stage of development. Tech hub members are also eligible to apply for free to the First Coast Innovation Challenge to pitch in front of a panel of investors. The deadline to apply for the Innovation Challenge is July 27, 2018.

 

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story

Appealing to people’s emotions helps new ideas cut through the clutter.

Among corporate innovators, the travails of James Dyson and the unlikely insight of Art Fry are iconic. Dyson’s bagless vacuum cleaner was perfected only after a staggering 5,127 tries. Fry’s inspiration, interestingly enough, came during a church service. Pieces of paper he had used to mark hymns kept falling out of his choir book, which led the 3M scientist to think about the materials chemistry that eventually produced Post-it Notes. World-changing products, yes, but also great stories.

 

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NewImage

A picture is worth a thousand words but a pie chart may be more eloquent, especially when it comes to sizing up the giants of the tech industry.

Michael Batnick, director of research at Ritholtz Wealth Management, on Wednesday tweeted out a chart that underscored how absolutely dominant tech companies have become in a world where size seems to increasingly matter. (See an enlarged version of the chart here.)

Image: https://www.marketwatch.com

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Now you can 3D print an entire bike frame

A typical bike sold in a U.S. bike shop today was made in China and shipped thousands of miles to the store. But a new bike-building robot makes it possible to make bikes locally–perhaps even in the shop itself, on demand–at roughly the same cost.

Image: Arevo

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NewImage

While the five West Coast states (Alaska, California, Hawaii, Oregon, and Washington) continue to dominate the VC landscape with approximately $17 billion invested over 751 deals in Q2 of 2018, the New York City MSA has seen an increase in its share of VC deals (12.8 percent through Q2 of 2018) – up from 11.4 percent for 2017, according to the 2Q 2018 PitchBook-NVCA Venture Monitor. These findings highlight the long-standing trend that the U.S. VC market remains concentrated on the coasts with approximately 71 percent of deals and nearly 88 percent of VC dollars going to the West Coast states, the Mid-Atlantic states, and the New England states. The map below from the 2Q 2018 PitchBook-NVCA Venture Monitor provides a regional breakdown of both deals and dollars.   Read more  |   

 

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personality

People are always characterising themselves and each other into groups. One of the most popular and generalising personality labels is whether you're type A or type B.

Typically, type A people are perfectionists, highly organised, and competitive. They can also be impatient, hostile, and sometimes neurotic. Type B people, on the other hand, are considered more laid back, less easily stressed, and messy.

 

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time

I’m sure you know a few people at work who are always “too busy,” but never seem to get much done. For many of these, it’s an excuse to decline new work, impress others, or gain sympathy. For others, it’s a legitimate complaint, indicative of being out of control or not managing their time. If you find yourself in this category, you need to focus on techniques to improve your productivity

 

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NewImage

There's been more venture capital invested through the first six months of 2018 in the US than any six-month period in recent history, which highlights the new normal in the industry: more capital concentrated into fewer, larger deals. On the exit end of the spectrum, there's been improved access to the IPO market, particularly for enterprise tech companies.

Image: https://pitchbook.com

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growth

Architects of a new plan to accelerate Ohio’s economic growth point to work being done in the Youngstown area as an example of something that should be scaled up statewide.

The Ohio Chamber of Commerce Research Foundation today unveiled Ohio BOLD, what it calls “a blueprint for accelerating the innovation economy.”

The report, the nonprofit organization’s first large-scale research project, identifies innovation as the key to catching up Ohio’s economic growth to the national average.

 

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brad feld

In addition to our own funds, we are investors in a number of other early-stage VC funds as part of our Foundry Group Next strategy. Yesterday, in one of the quarterly updates that we get, I saw the following paragraph.

“Historically, the $10 million valuation mark has been somewhat of a ceiling for seed stage startups. But so far this year, we’ve seen that a number of companies, often times with nothing more than a team and a Powerpoint presentation, have had great success raising capital north of that $10 million level. Furthermore, round sizes continue to tick up, with many seed rounds now in the $2.5 million to $4.0 million range.”

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