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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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Left-handed people probably shouldn’t compare their pay checks to their right-handed colleagues – unless they want to be disappointed…according to a recent study.

The study published in the Journal of Economic Perspectives shows that lefties make about 10 to 12 percent less annually than righties. The paper was written by Joshua Goodman, who is an economist at Harvard’s Kennedy School.

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puzzle

Competition is healthy but winning can come at a hefty price. Sometimes the swiftest way forward is to replace conflict with collaboration.

According to Hindu mythology, Garuda was a giant bird, whose mother had been tricked into slavery by her evil sister, the mother of a hundred serpents.

One day, tired of the constant humiliation, Garuda asked the serpents what they wanted in return for freeing her from the curse of slavery.

 

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Are you ready for one of the best-kept secrets of the job search process? Unless the person doing the hiring has previously worked in the exact role he's trying to fill, a fair amount of the job description is guesswork.

Think about it: Hiring managers have to write a description that will simultaneously entice people to apply and ward off those who wouldn’t qualify for an interview. Also, haven’t you heard stories of a person who “met all of the qualifications” being passed over in the final stages for someone who “seemed like a better fit?”

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FLICKR, JOHN TORNOW

When creating a fashion company that spans multiple countries, we knew there would be challenges. Many of these would be geographic.

Not only would we need to be in many places at once, but they would be in some of the most expensive cities in the world. You can't expect to court clients in London, Paris and Milan if you don't have offices there. You're competing with the big guys in big ponds, and there's no time for training-wheels.

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John Mullins

Crowdfunding is all the rage today. By mid-2012, more than 50,000 projects had been listed on Kickstarter alone, of which something like half had reached their (typically very modest) fundraising goals. By early 2013, Kickstarter passed the $1 billion milestone in amounts pledged. And these numbers are growing fast. Crowdfunding takes many forms, of course, but the form I worry about is equity-based crowdfunding that is intended to start an ongoing entrepreneurial business.

 

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The Office of Entrepreneurial Affairs and Technology Commercialization at the University of Cincinnati (UC) has been replaced by a “Commercialization Accelerator Model” after receiving a US$ 1 Million funding renewal boost from Ohio’s Third Frontier Commission earlier this month. It is twice the amount the accelerator received from the Third Frontier at the time of its inception in 2012.

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NewImage

Eric Rosenfeld received a curious email this year explaining that he had been chosen to join a group called Future Founders. “The email came out of the blue,” said Mr. Rosenfeld, who is vice president for engineering in the San Francisco office of Spongecell. “I did some research to make sure it was legitimate.”

Image: Eric Rosenfeld, left, a start-up executive, with Roy Bahat, the head of Bloomberg Beta.Credit James Cham 

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Frugal innovation is more than a strategy. It denotes a new frame of mind: one that sees resource constraints not as a liability but as an opportunity — and one that favors agility over efficiency. Frugal organizations don’t seek to wow customers with technically sophisticated products, but instead strive to create good-quality solutions that deliver the greatest value to customers at the lowest cost.

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Lots of ink has been spilled about how to motivate your employees—from financial incentives to recognition among peers. But new research suggests it’s not just the message that motivates, but the source that matters.

It’s called construal level theory—or the study of how people react to psychological distances. According to Nir Halevy, assistant professor of organizational behavior at Stanford University, it factors into helping motivate employees at work.

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Ashlea Ebeling

Since earning an M.B.A. at Yale in 1995, Seth Goldman has been on the prowl for socially useful and novel business opportunities. He was a vice president at the Calvert Group, the do-gooder mutual fund family, before founding Bethesda, Md. based Honest Tea in 1998 with his former Yale professor Barry Nalebuff.

 

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investment money

Time is of the essence for many of the small to medium-size investment opportunities that companies face during the course of a year. The right moment can be fleeting, for example, to scale up production in a unit that suddenly takes off, to launch a marketing campaign to meet an unexpected wave of customer demand, or even to acquire a facility that comes abruptly onto the market. These are the kinds of projects, often identified by frontline managers, that a company should be able to approve quickly and undertake in less than a year’s time.

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