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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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Having a dream job means different things to different people.

It could be the job you’ve been working towards throughout your career--something you'll hopefully reach in the future. It could be a fantasy of a life that's completely different from your current job, doing something extraordinary. Or it could be turning something you love to do into a job and making a living out of it.

Image: http://www.fastcompany.com

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Experts are heralding the Internet of Things (IoT) computing phase as the next industrial revolution, estimating 50 billion connected devices and IoT solutions reaching $7.1 trillion by 2020.

While we won’t refute these arguments, a focus on shareholder positioning will help us better understand where we are in the IoT cycle and how positioning IoT into a company’s story just became that much more pressing.

Image: The Nest Protect smart smoke and carbon monoxide detector. Image Credit: Devindra Hardawar/VentureBeat 

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Local, state, and national economies are facing unprecedented levels of international competition. The current fiscal crisis has hampered the ability of many governments in the developed world to directly facilitate economic growth. At the same time, many governments in the developing world are investing significant new resources into local infrastructure and industry development initiatives. At the heart of the current economic transformation lie our colleges and universities. Through their roles in education, innovation, knowledge transfer, and community engagement, these institutions are working toward spurring economic growth and prosperity.

Image: http://www.iedconline.org 

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The UK's tech sector is significantly more reliant than the US on the beneficence of "angel investors" – the private individuals who invest in very early stage startups. Almost two-thirds of executives who work in the technology sector reported angel investors as a source of funding in 2013, compared to just 41% of American execs, according to the annual innovation economy report from commercial lender Silicon Valley Bank.

image: http://www.freedigitalphotos.net 

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Sofinnova Ventures has raised $500 million for its latest biotechnology pool amid a resurgence in venture capital fundraising. Sofinnova surpassed its $425 million goal to reach the fund’s hard cap after seeing several companies go public or be acquired recently. They include ZS Pharma Inc.ZSPH -1.28%, which went public in June, and Labrys Biologics Inc., which has just been acquired by Teva Pharmaceutical Industries Ltd.

Image: http://blogs.wsj.com 

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Many successful businesses started with just one person who had a vision and the technical skills to deliver it to the world. Popular new sites like Techmeme, Newsblur, Instapaper and Duckduckgo started out this way which makes the costs of operating much more bearable in the beginning.

Image: http://smallbiztrends.com 

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Those of us who need glasses to see a TV or laptop screen clearly could ditch the eyewear thanks to a display technology that corrects vision problems.

The technology uses algorithms to alter an image based on a person’s glasses prescription together with a light filter set in front of the display. The algorithm alters the light from each individual pixel so that, when fed through a tiny hole in the plastic filter, rays of light reach the retina in a way that re-creates a sharp image. Researchers say the idea is to anticipate how your eyes will naturally distort whatever’s onscreen—something glasses or contacts typically correct—and adjust it beforehand so that what you see appears clear.

Image: Picture this: Researchers use a camera and lenses to simulate an eye with nearsightedness looking at an “E” shown on a modified iPod Touch display.  - http://www.technologyreview.com

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Crowdfunding is a popular method used by startups to acquire financial backing for a company or even specific product, but it is not often thought of as a tool for established businesses.

Experts Daryl Hatton, CEO of social crowdfunding platform FundRazr.com, and Craig Asano, executive director of the National Crowdfunding Association of Canada, argue that larger corporations have barely begun to explore the benefits of crowdfunding.

Image: http://www.theglobeandmail.com 

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A new model of the Accelerator – to meet the needs of particular sectors of science and technology For Start-ups BioCity has developed a new model of the Accelerator, which is designed to focus on big issues, is of longer duration, more flexible and more systematic, though less communal, and one that does not make use of mentors.

 

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Maybe starting a new business isn’t your passion, but in these days of rapid change, where everyone is dealing with uncertainty, I believe that thinking and acting like entrepreneurs will help you get ahead in any profession. In simple terms this means taking control of your life, going after something you love to do, and taking action. Stop letting life decisions happen to you.

 

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