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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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Medtronic Inc., an active acquirer and financial backer of new medical technologies, has moved its tax domicile overseas with the $42.9 billion acquisition of rival Covidien PLC, a deal that Medtronic says will free up billions of dollars that can be more easily and flexibly deployed to technologies being developed in the U.S.

But investors in these U.S.-based technologies see things differently. The merger means that the medical-technology industry is consolidating, several venture capitalists said, which takes options off the table for young companies struggling to bring new treatments onto the market.

Image: Medtronic headquarters in Minneapolis Bloomberg News 

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At least some astronauts who spend six months aboard the International Space Station come back to Earth with stiffer arteries than before their flights, a new study reveals.

Stiff arteries in seniors here on Earth can lead to higher blood pressure and, potentially, problems with blood flow to the brain. But no blood pressure changes in astronauts have been noted so far, scientists said.

Image: During Expedition 35 in 2013, Canadian astronaut Chris Hadfield performs an experiment by the University of Waterloo's Richard Hughson called BP Reg, that examines the risk of fainting for astronauts. - NASA  

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There comes a time in every entrepreneur's journey when he or she needs to ask: Should I quit my day job and do this full time? For some of them, giving up the corporate life is an easy choice, but others need to weigh the pros and cons of keeping their steady source of income and benefits.

Image: http://www.freedigitalphotos.net

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leader

Entrepreneurship is not for the faint of heart. The only constants while striving as an entrepreneur are flexibility and instability, especially at the start-up phase. Many of those who choose this route have to wear so many hats all at once, it may prove to be too exhausting. You may have to serve as the founder, president, secretary, accountant, business developer, marketing manager, publicist and sometimes attorney (which I personally do NOT advise) at the same time, while seeking to make a name for yourself and your company, and while also trying to seek investor and raise money. Despite the many challenges associated with starting and running your own business, many people still decide to take this route because their passion for the products and services they are providing is just too strong to ignore.

Image: http://www.freedigitalphotos.net

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George Deeb

Are good entrepreneurs born that way, or can entrepreneurial skillsets can be learned over time. Let’s study which skillsets make for a good entrepreneur, and whether or not they can be taught.

High Intellect

Some people are naturally intelligent and have high IQ scores, while others struggle in this area (with a whole lot of people in between). I am not saying you need to be genius, to be successful as an entrepreneur, as many geniuses are very book smart, but not street smart. But, intelligence certainly goes a long way.

 

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Earlier today I was talking with an entrepreneur that’s working on building a tech entrepreneurship center in his city. We talked about many of the lessons learned so far with the Atlanta Tech Village and drilled into several topics. At the end of the conversation I realized it would be good to summarize some of the best practices to share with others.

Image: http://www.freedigitalphotos.net

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INewImaget is easy to get taken in by the allure of entrepreneurship. People gravitate towards visions of eight-digit seed funding sums, several additional rounds of investments, and finally that glorious payout in the form of a billion dollar exit. They peruse tech blogs like ours and gaze wistfully at the gargantuan sums of capital being moved around between investors and startups. But if you dig deeper, you’ll see the other side of the coin.

Image: http://ventureburn.com/ 

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Neil Kane

A few years ago in this very publication I read a piece by Amity Shlaes (who was writing about the dour nature of her family) called Family Affair that stopped me in my tracks. She said:

(My father) gave the best career advice I’ve ever heard: There will come a moment when you are bored with an area of study and will want to try something new. But that boredom is the signal you’ve achieved mastery. You’ll be quitting at the moment when it’s most costly to do so. Only a mastered trade can be properly monetized.

 

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Analysts argue outdated infrastructure and home-rule laws -- as well as few successful private-public undertakings -- keep NJ from being a player

It may sound more trite than true, but "think globally, act locally" is an apt -- though oversimplified -- assessment of what New Jersey needs to do to thrive in what's being called the "innovation economy."

Image: http://www.njspotlight.com/ - The former Bell Labs office building in Holmdel, the largest empty office building in the world, has sat vacant since Alcatel-Lucent left eight years ago. 

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Nearly every debate about the “value” of a college degree is based on two questions: “Is college worth it?” and “Does someone with a degree earn more than someone without one?” Both of these questions come up year after year as headline fodder despite the fact that at a macro level, the answer to both of them is an unequivocal yes.

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David Peebles works in a glass tower across from Houston’s Galleria mall, a cathedral of consumption, but his attention is focused on the city’s highly industrialized ship channel 30 miles away. “Houston is the Chicago of this era,” says Peebles, who runs the Texas office of Odebrecht, a $45 billion engineering firm based in Brazil. “In the sixties you had to go to Chicago, Cleveland and Detroit. Now Houston is the place for new industry.”

Image: http://www.freedigitalphotos.net

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