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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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U.S. private equity set multiple records in 2014, with a surge in valuations and strong public markets, among other factors, driving changes in investment strategies and producing staggering stats such as the $240 billion+ in total capital exited. Sponsored by Merrill DataSite, the 2015 Annual U.S. PE Breakdown is one of our largest Breakdowns yet; in it we examine investments by size, region, industry and more, as well as exits, fundraising and updated stats on company inventory and capital overhang. To download, click here.

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This may sound as though we’ve got our facts backward, but your company can significantly increase its knowledge output by cutting R&D spending.

It’s all a matter of when you cut your spending, and why.

Take Cisco, for example. The company’s R&D expenditures dropped by about $1.5 billion from 2002 through 2004. Drawing on data from the U.S. National Bureau of Economic Research, we found that during this period, the company’s patented knowledge output increased significantly.

Image: https://hbr.org

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Jeff Boss

My dad always used to tell me that the difference between the “you” now and the “you” 20 years from now will be the places you visit and the people you meet. I would also add baldness and gray hair to that, but they don’t sound as cool.

He was right. Whether you meet someone in person or read a book he or she authors, people are pivot points that enable learning and foster personal growth for others.

 

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Loyalty to institutions is not necessarily a hallmark of the modern workforce.

Many studies show that especially young workers expect to work for several companies over their careers. But loyalty itself isn’t dead. As people move between employers and in and out of self-employment, many find themselves working with the same people again and again. These relationships endure even as the situations change. Handled right, this new loyalty can be a source of real stability in a career, and make work a lot more meaningful too. Here’s how to cultivate work relationships that last beyond any given job:

 

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A great University is defined by great academics, great researchers, great thinkers, and great teachers, not by great administrators, great technology transferors, or even great leaders, although those of us in list two can help recruit and retain the really important people in list one.

I would like to suggest that the principle products of a great university are university teaching and curiosity-led research. There are few alternative sources of either of these. A valuable by-product of university research is a range of commercial opportunities

Image: http://www.iprhelpdesk.eu

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A new venture capital fund has been established for Kentucky companies. The program, VenCap Kentucky, will provide up to $500,000 in matching funds to companies that already have a lead investor but need additional funds, according to a news release from Kentucky Gov. Steve Beshear. The program will use funds from the U.S. Treasury to match private investments.

 

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The University of Washington, its medical complex and branch campuses generate $12.5 billion in jobs, sales of goods and services, and other economic impacts for the state, according to a new study of the university’s economic contribution to the local economy.

In fact, the UW’s state economic impact is larger than that of any of the other 200-plus colleges and universities that the consulting firm Tripp Umbach has ever studied, said Paul Umbach, founder and president of the Pittsburgh-based company.

 

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Harvard University has long played an outsized role in spurring the growth of the Boston area’s life sciences industry, but the school’s contributions have largely unfolded behind the scenes.

Unlike the Massachusetts Institute of Technology in Cambridge’s Kendall Square — the beating heart of biotech — Harvard has been known less for spinning off startups than for licensing cutting-edge research and grooming the industry’s business leaders.

Image: DINA RUDICK/GLOBE STAFF -   A Harvard School of Public Health facility in Boston’s Longwood Medical Area. The university plans a campus in Allston that could house biomedical companies.

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THE CONSUMER ELECTRONICS SHOW BRINGS TENS OF THOUSANDS OF NEW PRODUCTS TO OUR SHELVES. HERE ARE THE NINE YOU ACTUALLY NEED TO KNOW ABOUT.

You won’t find a journalist alive who covers the annual Consumer Electronics Show and doesn’t find it a miserable experience. You’re basically trapped in the bowels of Las Vegas casinos, staring at 200 identical TVs and trying to distinguish the difference.

Image: http://www.fastcodesign.com

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cash in hand - Money

A new $75 million investment fund has been created by Connecticut-based HealthInvest Equity Partners, according to a filing with the SEC.

The investment firm, formed in 2013, focuses on a wide range of areas within healthcare, from woman’s health companies to urgent care providers to medical imaging.

 

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