Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
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.

NewImage

In a recent Wall Street Journal article, Superbosses author Sydney Finkelstein argues that some of the most successful leaders encourage their top-performing talent to leave. He also observes that some of the most transformative executives have the shortest tenures at the companies they reshape.

The reason, Finkelstein says, is simple: It's difficult to acquire and hold onto outsize talent, but far better to house it within your organization for a short time than not at all. Rather than fight turnover, companies may do better to embrace it—and instead focus on improving the quality of the people who cycle through its doors, as opposed to reducing the quantity of those who do.

Image: Flickr user Paolo Gamba

Read more ...

Head Face Question Question Mark Characters

If you couldn’t post updates to Twitter or binge watch your favorite shows on Netflix last Friday, you weren’t alone – a massive distributed denial-of-service (DDoS) attack on Dyn, a domain name system (DNS) that essentially acts as an online phone operator, took out huge swaths of the Internet. Millions of people across the US reported difficulty or inability to access some of the most trafficked websites in the country.

 

Read more ...

walking away

In a new book, Pixar's first chief financial officer details the hundreds of walks he went on with Steve Jobs during the company's formative years. The conversation would meander from business to personal. Once Pixar had become a giant, Lawrence Levy, the author of To Pixar and Beyond, first told Jobs he thought it should sell to Disney (DIS). They were walking in the shadows of Palo Alto's oak, ash and magnolia trees. The setting was a far cry from Pixar's first office, a one-story building across the street from an oil refinery's smokestacks.

 

Read more ...

Courtesy Bill Gates

I’m traveling to the United Kingdom and France this week to talk about how political leadership can accelerate innovation. 

The first promise of any good politician is to make people’s lives better, and scientific research leading to innovation is one of the best ways to honor that promise. Until about 1700, there was basically no development. Almost everybody was poor, many were sick. One of every four children died. Average life expectancy was about 40 years, and 99 percent of people were illiterate. But then science came along and we started inventing—electricity, the steam engine, antibiotics, sanitation, vaccines, microprocessors, genetic medicine. 

 

Read more ...

innovation

As the Great Recession recedes in our rearview mirrors, it is becoming ever more apparent that innovative activities are determining an increasing proportion of the long-term economic growth of cities, metropolitan areas, regions, states, and even nations. The State Technology and Science Index (STSI) was created nearly two decades ago in order to track and evaluate every state’s tech and science capabilities, and their success at converting these assets into companies and high-paying jobs.http://statetechandscience.org/

 

Read more ...

change

Innovation has the potential to transform the investment industry. Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. Yet the world’s largest funds are closed off from these innovations.

Research we have collected in recent months shows that pension funds, sovereign wealth funds, and endowments expect imminent breakthrough innovations in investment technology. But almost none of these institutional-investment giants have any policies in place for monitoring or engaging with the startups who are creating next-generation investment technologies.

 

Read more ...

Psychics Crystal Ball Fortune Teller New Age About

So you have exciting science, but do you know if it will be a commercial success? Ask the drug development and commercialization experts, who have turned the pharma analytics and consultancy industry on its head! We sat down with Mirador Analytics, to talk about bringing a drug from the clinic to the market. They are changing the way we think about traditional analytics and consultancy firms, by providing combined analytical and consultancy services, which are supported by over 125 years of recent collective experience within the biopharma sector.

 

Read more ...

money

Oct. 25 (BusinessDesk) - Kiwi angel investors put most of their money into follow-on investment rather than backing new start-ups in the first six months of the year, according to the latest Young Company Finance Index.

Total angel investment during the half was $22.9 million, up $3.3 million on the same period in 2015, but still down on the record $29.7 million recorded in 2010. In addition, angel-backed companies attracted a further $8.5 million from overseas investors, particularly Australian angels.

Some 78 percent of the money ($17.9 million) went to support existing investments rather than funding new companies which got just 22 percent ($5 million), a trend likely to continue given angel investors' have now built substantial portfolios in the past decade.

 

Read more ...

2016 State of Entrepreneurship Address Kauffman org

Here’s the goal: Enhance business-financing expertise in the heartland.

To that end, the Ewing Marion Kauffman Foundation said Monday it will put nearly $1 million into scholarships to allow more early-stage business investors to attend a nationally renowned venture capital and leadership program based in Silicon Valley.

Beginning in 2017, the foundation will offer 12 scholarships — four a year for three years — to finance participation in the Kauffman Fellows Program, a two-year training program.

“This is a big deal for investors in the region,” said Jeff Harbach, CEO of the Kauffman Fellows program.

 

Read more ...

Kevin Manne

BUFFALO, N.Y. — Technology entrepreneurs who get funding from venture capitalists go public sooner and have more impactful innovation than those who partner with angel investors, according to research from the University at Buffalo School of Management.

Published in the Journal of Business Venturing, the study found that high-tech startups that received funding from venture capitalists were able to find a buyer or issue stock sooner than those that received angel investment — and the patents issued by venture capital-funded firms had greater reach.

 

Read more ...

success

If you want to be an entrepreneur, build a business, earn seven figures -- there are certain questions you should be asking yourself. In this animated video, Entrepreneur Network partner Peter Voogd goes over the fundamental questions that every entrepreneur should answer on a weekly, monthly and even quarterly basis. By reviewing your work and your accomplishments, you can better prepare yourself for what to do next. 

 

Read more ...

Prof Amanda Caples

Start thinking ‘innovation as usual’ as the norm rather than the exception, and expressing innovation in terms of the business rather than the system.

That’s the mind-set Victoria’s Lead Scientist Professor Amanda Caples wants compatriots to adopt for the state to get ahead, driving jobs growth and attracting new investments into the future.

 

Read more ...

NewImage

WASHINGTON — Staring intently at the dual screens inside a flight simulator this month at the University of Pittsburgh, President Obama tapped the controls in front of him, firing faux thrusters as he pretended to maneuver his space shuttle toward the International Space Station. Pulse up. Pulse to the right. Left. Down. Down. Left. Left.

“Uber shuttle,” the beaming president told reporters after a brief but successful docking mission, joking that the next market for Uber would be outer space. “In case anyone calls, we’ll be there in five minutes.”

Image: President Obama, with Dr. Serena M. Auñón-Chancellor, a NASA astronaut, tried a spacecraft flight and docking simulator on a Boeing CST-100 Starliner this month at the University of Pittsburgh. Credit Al Drago/The New York Times

Read more ...

NewImage

When Professor Dave Goulson decided to study the impact of pesticides on bees, he didn’t rate his chances of getting funding from one of the big research councils. The University of Sussex biologist turned to the public, raising almost £8,000 through crowdfunding for the screening for pesticides of random plant samples from garden centres and supermarkets.

Archaeologist Dr David Petts, from Durham University, has also used crowdfunding, raising almost £25,000 to fund a project on Lindisfarne, off the Northumberland coast. The dig, in June, led to some significant finds, including fragments of human bone and Anglo-Saxon headstones.

Image: Prof David Goulson crowdfunded research on how garden chemicals might harm bees. Photograph: David Levene for the Guardian

Read more ...

NewImage

BioHealth Innovation, Inc. (BHI) announced today that the Maryland Economic Development Corporation (MEDCO), who is the agent for Montgomery County, has selected BHI to manage the Germantown Innovation Center (GIC) located within the Pinkney Innovation Complex for Science and Technology at Montgomery College (PIC MC). The Germantown Innovation Center was previously managed by the Montgomery County Department of Economic Development, which transitioned into the Montgomery County Economic Development Corporation (MCEDC) on July 1, 2016.

 

Read more ...

money

Columbus plans to take a closer look at the incentives that it offers developers.

The City Council approved spending $150,000 on a contract with firm HR&A Advisors of New York on Monday night to analyze its tax-incentive offerings and to potentially offer suggestions for changes.

“It’s a prioirty to invest tax dollars in a way that leverages smart and sustainable growth as we see that kind of population growth in our city while also protecting public funds,” Councilwoman Elizabeth Brown said.

The analysis will look at how competitive Columbus is with other cities; how incentives affect development patterns; and whether the city should be offering different types of incentives. It will take up to six months to complete, said Steve Schoeny, the city’s economic-development director.

 

Read more ...

Company Personal Silhouettes Businessman

The state of Kansas is tapping into the Regents’ university network to launch a new program designed to financially support and encourage entrepreneurs.

The JumpStart Kansas program is being funded with $425,000 from the Kansas Department of Commerce, and the six state schools and Washburn University will use $60,000 each to create new businesses and support entrepreneurs, said secretary Antonio Soave.

“If we’re not continuously identifying entrepreneurs that have great stories, and if we don’t participate in some form or fashion, then I think we will be far behind,” he said at a Monday news conference.

 

Read more ...

Dollars Dollar Bills Banknotes Money

The venture capital industry is experiencing concentration of winners, like the rest of the economy. This drives how venture capitalists (“VCs”) make decisions. Entrepreneurs seeking money need to understand this behavior to craft their financing strategies.

At this year’s annual meeting with our investors we presented an overview of industry trends based largely on new data released by a partnership between the National Venture Capital Association (“NVCA”) and Pitchbook.com. Here’s a brief summary of the lessons we found in this data.

 

Read more ...

Internet of Things compounded Friday s hack of major websites The Washington Post

A key part of the Internet's infrastructure was hit by a series of attacks Friday, causing major services such as Twitter, Spotify and PayPal to be inaccessible for many users around the world.

The attacks targeted Dyn, a company that helps people connect to websites, with a huge amount of traffic in an attempt to knock the service offline, the firm said. The incident showed how a digital assault on just one company can disrupt a huge chunk of the Internet.

 

Read more ...

project plan

You finally have it. After months, maybe even years, of failing to envision an app that will resonate with users, you’ve come up with The Really Good Idea: An app that fills a niche no one else has thought of, an app that fills a need users didn’t even know they had.

So, you plan. You decide exactly what you’re going to build, you get funding, you set goals, you track every step, you work an utterly absurd amount of hours, you arrive at your finished product, you release it to the world, and… no one is impressed. Your idea was not the hit you expected; users barely notice it.

 

Read more ...