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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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Where does "entrepreneurship" belong on a university campus?   Some naturally say in the classroom, within the business school. Or the computer science school. Or the engineering faculty. Or the arts/media programs. In an internship program or the entrepreneurship degree, if there is one.

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Entrepreneurs get advice every day from their professional advisors and information they read. A lot of it needs to be ignored. Pay close attention to disregarding these platitudes and what to do instead. It Takes Money to Make Money

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Maureen Down

WASHINGTON — Mostly, this July, I’m worrying about the jumping sharks jumping the shark.

But Syfy’s “Sharknado 2” trailer, this one about a shark storm hitting Manhattan, just went up and features chain saws buzzing, the Statue of Liberty’s severed head whizzing, Tara Reid kvetching, and Robert Klein barking “This is the Big Apple! Something bites us; we bite back!”

 

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Starting a business is usually the result of a personal dream or need. Investors tell me that they invest in people more than the idea. Customers buy from people, not from a company, at least at early startup stages. That’s why it’s important to build a personal brand, in parallel and before your business brand. This will kick-start your business, and improve your odds of success.

 

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The escalating conflict between Gaza militants and Israel hasn’t deterred tech giant IBM from moving ahead with pioneer programs in Israel. On Tuesday, the international company inaugurated its first-ever technology accelerator in the world at its headquarters in Petah Tikva, next to Tel Aviv.

Called Alpha Zone, the program teams IBM’s vast resources with start-ups, helping the newcomers develop their products and market them. IBM gets nothing material in return. Its program managers say their gain is contact with innovative minds and companies.  

Image: The Alpha Zone accelerator (Photo credit: Courtesy) 

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Tom O'Neal

All due respect to Forbes contributor Cliff Oxford and his Oxford Center for Entrepreneurs, but his post titled “Trouble in Paradise:  Why Business Incubators Don’t Work” shows a glaring lack of understanding about how incubation works.

I lead a team that runs what has been named the best incubator network in the country … the University of Central Florida Business Incubation Program that boasts eight incubators in communities surrounding Metro Orlando along Florida’s High Tech Corridor.

 

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checklist

Some of the best ideas and products come from strong business partnerships. Partnering with a company your size (or bigger) can also supercharge your growth efforts.

But as with all relationships, it's important to do more than scratch the surface when vetting potential partners—and putting systems in place to guide the relationship as it develops is important too. Twelve entrepreneurs from Young Entrepreneur Council (YEC) explain the specific steps they took before signing on the dotted line, below.

 

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chicago

Degrees in science, technology, engineering, and math (STEM) fields are critical for supporting innovation, research, and growth in high-tech sectors that are driving the 21st-century economy. It is therefore crucial for Illinois to focus on increasing the number of STEM graduates and ensuring these individuals pursue careers within the state. Research indicates that employees with STEM degrees have a significant and long-lasting impact on cities: economist Enrico Moretti, a professor at UC Berkeley and author of The New Geography of Jobs, released last year, determined that every new high-tech position in a metro area results in an average of five additional local jobs—two in professional fields and three in nonprofessional fields. This virtuous cycle means that as innovation hubs attract talent, they trigger an increase in employment and investment, attracting even more talent.

 

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A few months ago, Daniel Vlasic visited a hand surgeon at Mount Auburn Hospital in Cambridge, Mass., to treat a finger injury he suffered during a pick-up basketball game. Both Vlasic and the doctor, James Connor, felt strongly that existing splint technology, which consists of a rudimentary metal rod surrounded by bandages, is ugly and ineffective.

Image: Osteoid Medical's cast, attachable bone stimulator by Deniz Karasahin IMAGE COURTESY OF DENIZ KARASAHIN 

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It's not just how much exercise you get, but also how much time you spend off your bottom that keeps your heart healthy

Another day, another study that confirms the dispiriting reality that sitting is bad for you. Fortunately, says that same study on heart health published in Mayo Clinic Proceedings, it doesn’t take much to offset the harmful effects of sitting.

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Sometimes it takes more than the resources of just UNC-Greensboro’s Office of Innovation Commercialization to get faculty research and ideas into the marketplace. To tap outside expertise, the university has established an Innovation Commercialization Advisory Network it hopes will speed the technology transfer process.

Image: UNC-Greensboro Staton Noel, director of UNC-Greensboro Office of Innovation Commercialization 

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Alexandria-based venture capital firm Columbia Capital is planning a $425 million fund according to SEC filings reported in the Washington Business Journal. The firm invests in information technology, especially infrastructure, wireless spectrum and other related fields. It's done plenty of investing around D.C. in the quarter century since it was founded. Millennial Media, Broadsoft, Virtustream and Summit IG are all on the list of local companies invested in.

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