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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.

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Four of five students who graduated college in 2008 were able to find some sort of employment in the four years after their graduation, despite entering the work force during the worst of the economic recession, a federal report shows. Eighty-three percent of bachelor's-degree recipients who were not enrolled in another degree program were employed in some fashion, with about 85 percent of those students working in one full-time job. Eight percent worked in one part-time job, while another 8 percent had multiple jobs.

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Starting a business can be a daunting proposition.  There’s so much unknown that most entrepreneurs can find themselves creating a patchwork of systems and processes in order to get their business off the ground.  But, with all the successful entrepreneurs out there, wouldn’t it be great if new entrepreneurs could receive some tips from those who have already made it?  Well, look no further. 

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Saul Kaplan

It’s time for me to come clean.  In today’s social media crazed world it will come out sooner or later anyway.  I have one high school varsity letter and it’s for bowling.  Yes, you heard right, bowling.  And it wasn’t ten-pin, but candlepin bowling.  Anyone who grew up in New England, with parents like mine who looked for ways to get the kids out of their hair on rainy Saturdays, knows exactly what I’m talking about.  Candlepin bowling rocks.

 

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The latest Gallup-Wells Fargo Small Business Index, a representative telephone survey of 600 small business owners conducted at the end of March 2014, provides some interesting statistics on where current small company owners got the money they needed to start their businesses.

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question

I am frequently asked, “How do I know if I am an entrepreneur?” Estimates vary but on the average only 10% of all people are natural entrepreneurs. Many non-entrepreneurs have succeeded in starting B4T businesses, but in most of the successful cases they had a great coach or mentor walking with them through the start-up process. So if you are not an entrepreneur, be sure to get a mentor and form a team of coaches to advise you. Be sure to listen to them.

If you are not sure whether or not you are an entrepreneur, here are ten signs many people might consider to be liabilities or character flaws, but I believe can actually be indicators that you are an entrepreneur:

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Have you ever wanted to know exactly what people were thinking?

The anonymous posting app Secret offers a platform through which you can unload your confessions and tap into what others are thinking and feeling. As the old rhyme goes, "Secrets, secrets are no fun, unless you share with everyone."

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exit

A few months ago, one of my employees decided to leave the company. Her exit wasn't a total surprise — we'd hired her originally as an intern, and we all knew her heart and her passion resided in the nonprofit realm. I tried to convince her that our business — employee engagement consulting — was saving the world in a different way, but alas, she wasn't buying it.

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NewImage

It looks like Valeritas, which is developing insulin pumps for Type 2 diabetes, is in the midst of raising another big round of cash.

The New Jersey medical device company filed paperwork with the SEC indicating it’s raised about $22 million in a round that could go as high as $45 million.

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Apps

 In April 1973, Motorola engineer Marty Cooper made the first call from a "real handheld portable cell phone," a point he made very clear during that historic conversation with Joel Engel, the head of rival research firm Bell Labs. Fast forward to June 29, 2007, and the iPhone was born. Now in 2014, innovation is showing no sign of slowing down.

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Despite starting as a "cancerous" and purportedly "anti-American" blight on the software world, open source has come to be as American (and capitalist) as apple pie. Everyone uses it, big companies like Facebook bake it into their standard development practices and practically no one questions its value anymore.

Which is interesting, because it's by no means clear that your software needs to be open source. Before you make assign your code to The Community, here are some considerations that should factor into your decision.

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Learn

We tend to romanticize entrepreneurs, inventors, and great business minds. We have this notion that they are a rare breed of people who are lucky enough to be hit by strokes of brilliance that the rest of us can’t even fathom. In these moments, they dream up the next great idea — the light bulb, the automobile, the iPhone, Twitter — and then they wake up and execute their visions and become legends. But the truth is that science doesn’t work that way, and neither does business. To succeed, we really need to trade in our blue sky brainstorming sessions for some old fashioned trial and error.

 

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NewImage

Each summer, a new group of fresh-faced, eager and energetic interns take over company cubicles and break rooms. While this new summer staff can give your startup an extra set of hands and a lot of energy, figuring out the right way to put them to work for your business while giving them a positive experience can be tricky.

Here are six tips to ensure greater success with your internship program this summer:

Image: Summer interns at NASA's Goddard Space Flight Center present their projects at a poster session on July 20, 2011. - NASA GODDARD SPACE FLIGHT CENTER 

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