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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.

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As you might have expected, the financial condition of private companies have changed substantially over the past twelve years, as the country experienced the end of a housing boom; a financial crisis that nearly took down Wall Street; the deepest economic downturn since the Great Depression; and five years of one of the country’s weakest economic recoveries. But you might be surprised to learn how those financials have shifted. The changes aren’t all as one might have predicted.

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TNewImagehis is a question that haunts many entrepreneurs. Some scoff at the idea, claiming that an entrepreneur doesn’t need an MBA, while others see tremendous opportunity for learning business fundamentals, building networks, and starting a company in a supportive environment.

The truth is, the answer to this question will be entirely personal—only you can know if business school is right for you. What I can do is offer 3 questions that will help you figure out the correct answer for you.

Image: http://beacon.wharton.upenn.edu 

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You just can't keep your eyes off this guy.

California native Gentry Stein displayed his mesmerizing yo-yo skills at the C3yoyodesign 2014 World Yo-Yo Contest in Prague, Czech Republic on August 9.

You won't find anyone walking the dog here.

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What did the "entrepreneurial dream" look like to you before you started, and what is the reality today? Would you say it is similar to what you expected, or completely different?

Answer by Jason M. Lemkin, cofounder/CEO of EchoSign, cofounder of NanoGram Devices, vice president of NeoPhotonics, senior director of BabyCenter.

Being a founder/CEO is nothing like you think it is when you watch as "just" part of the management team. You think it's about making tough calls and making key decisions every day, every week, every month. It is.

But what it's really about is 24/7/365 accountability — in a way you have never experienced before.

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Piero Formica

I now find myself in a university campus laboratory just outside Dublin. I call it a ‘garden of entrepreneurship’ in which start-ups with high expectations of growth are cultivated: plants from seeds that are different from those sown by the entrepreneurs who manage companies that remain small due to isolation and the inability to grow through networking. These start-ups provide employment and productivity. In the USA, they account for twice the percentage of new companies compared to Europe and Japan. The cause of this difference lies in the organization of postgraduate studies. In Italy, for example, doctorate programmes are tailored to suit the training needs of new university researchers and lecturers. Candidates are required to prepare a thesis, certainly not to create an enterprise. The provision of business doctorates alongside research doctorates would surely open the door for setting up companies such as Hewlett-Packard and Google in the IT and media businesses and Genentech and Amgen in cellular and molecular biology. However, such a goal is as ambitious as it is distant.

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laundry

When you tell people you work at home, it's usually one of two reactions: "Oh, I'd love to be able to work in my PJs. It'd be so much less distracting." Or: "I could never. I'd watch TV and do laundry all day." The past 8 years, on and off, my home office has been my primary one, my cell phone the tether to coworkers near and far, and the video conference my main meeting room.

 

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It turns out that people who are good at raising money through crowdfunding campaigns are also pretty good at raising money from venture capitalists.

Hardware projects that have raised at least $100,000 through Kickstarter or Indiegogo have gone on to raise $321 million from venture capitalists, according to a report published on Monday by research firm CB Insights. About 9 percent of the 443 projects that reach the $100,000 threshold on the crowdfunding platforms have raised venture capital, too.

Image: Photograph by Patrick T. Fallon/Bloomberg - Oculus VR attracted $91 million in Venture capitalist funding before being bought by Facebook for $2 billion 

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INewImage am a non-technical founder, a growth hacker (if you insist on giving me a technical name). I have spent last few weeks interviewing candidates for a tech lead position at Internshala. As difficult as it is to find good technology talent; you, a prospective candidate, can help me a great deal (and also dramatically improve your chances of making the cut) if you keep in mind the following things -

Image: http://www.nextbigwhat.com 

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How do we persuade more British businesses to tap into potentially lucrative export markets overseas? 

The official government target is for Britain’s exports to double to £1 trillion a year by 2020 – but that currently looks to be a very ambitious objective.

In fact, research published in July by the Institute of Chartered Accountants in England and Wales (ICAEW) suggests the proportion of British businesses selling products and services overseas has remained more or less constant over the past four years, at around 50 per cent. Moreover, of those businesses not currently exporting, just 2 per cent said they intended to begin doing so over the next 12 months.

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It’s classic productivity advice: Match your most important work to your most productive hours. If you do that, you’ll get a lot more done.

But this advice assumes you know when your most productive hours are. Many people don’t, says Daniel Gold, a productivity specialist and author of Evernote: The Unofficial Guide to Capturing Everything and Getting Things Done, among other life management books. “We’re too often stuck without thinking about the bigger picture,” he says. If you’re constantly in reactive mode, or your life features irregular hours or travel, you may not be familiar with your own internal rhythms. Getting there is “really just about taking that uncomfortable step inwards,” he says. Here are strategies for paying attention.

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You depend on your team. So when a key staff member tells you that they are considering moving on, it's usually an unexpected (and unwanted) surprise. We asked eight members of Young Entrepreneur Council (YEC) what questions they should ask in this situation. Here's what they had to say:

What Are You Not Getting Here?

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