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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.

Left to right: Marissa Feinberg, Jennie Nevin. Credit Parris Whittingham.

We built it. With our bare hands. A space where do-good dreams come true.

One popular formula to growing companies is creating a “hockey stick” effect: launch your company, build a buzz, grow a user base, meet with investors, show your impact, and take on the partner with the best resources to grow your vision. My friend and advisor Graham Hill, Founder of LifeEdited, first told me that, yet I had different ideas.

Image: http://www.forbes.com - Left to right: Marissa Feinberg, Jennie Nevin. Credit Parris Whittingham. 

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This week, the National Center for Engineering Pathways to Innovation (Epicenter) opened the application process for its University Innovation Fellows program for U.S. college and university students.  

The University Innovation Fellows, a national community of students in engineering and related fields, are leading a movement to ensure that all students gain the knowledge, skills and attitudes required to compete in the economy of the future. To accomplish this, the Fellows advocate for lasting institutional change and create opportunities for students to engage with entrepreneurship, innovation, creativity, design thinking and venture creation at their schools.

Image: http://epicenter.stanford.edu/- The University Innovation Fellows at their annual meeting in Silicon Valley in March 2014. 

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The Irish Government has unveiled a €172m venture capital fund for investing in innovative Irish companies in the life-sciences sector. Lightstone Ventures is partnering with Enterprise Ireland and the National Pension Reserve Fund to manage the fund.

This is the third investment by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland under the Innovation Fund Ireland programme.

image: http://www.freedigitalphotos.net 

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Big corporations are putting more money to work in startup companies, another sign that things are heating up in the startup ranks.

According to a report by CB Insights, corporate venture capitalists sunk over $3 billion in 129 deals during the first quarter, up 73 percent on a sequential basis.

Google Ventures was the leading investor in the first quarter, placing cash into twice as many startup companies as second place finisher Intel Capital. Google also has been ramping up its M&A efforts, just today announcing plans to purchase Divide, an Android startup that was backed by Google Ventures and others. The company’s YouTube unit also is said to be close to buying video game streaming service Twitch for upwards of $1 billion.

Image: http://www.geekwire.com/ 

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In the US, many entrepreneurs see grants as “free money,” since they are not loans and don’t have to be repaid. A grant is not an equity investment, so the entrepreneur doesn’t have to give up a stake in the company either. Typically they can be used to fund product development and commercialization that would otherwise require outside investors.

Image: Wikipedia

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How to target millennials when recruiting and hiring Video Washington Business Journal

Here's a short clip from a recent Business Journals webinar on “The Secrets to Attracting and Hiring the Best Talent," featuring The Muse CEO Kathryn Minshew and former Microsoft executive Dana Manciagli.

Facebook LinkedIn Twitter Google + Email Print The Business Journals recently hosted a webinar titled “The Secrets to Attracting and Hiring the Best Talent." In this short clip, the panelists talk about how to target millennials when recruiting and hiring.

Image: http://www.bizjournals.com 

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The National Institute of Standards and Technology (NIST) recently handed out advanced manufacturing technology grants to 19 U.S. universities and nonprofits as part of ongoing efforts to strengthen manufacturing and innovation output and performance through technology roadmapping.  

The grants, which range from $378,900 to $540,000 for up to two years, are the first presented by one of NIST’s newest programs. The Advanced Manufacturing Technology Consortia (AMTech), launched last year, is a competitive grants program to create or strengthen existing consortia, driven by industry, to address “high-priority research challenges impeding the growth of advanced manufacturing in the United States” (i.e., bridge the gap between R&D and technology).

Image: NIST handed out 19 advanced manufacturing technology planning grants to support technology roadmapping efforts in the U.S. Credit: Chrysler Group; Flickr; CC BY-NC-ND 2.0 

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SAN FRANCISCO — A statistical model is not a product — yet.

Data nerds might be incredibly good at creating fancy data models and tools, but if they want to take those skills and create a company, they need to make sure they build an actual product that actual people want to use, says Scott Rainey, a partner at Redpoint Ventures.

Image: Michael O'Donnell/VentureBeat 

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Cube

Every day, millions of people don uncomfortable clothes and drive to vast buildings full of drab desks and chairs. They do not make anything with their hands in these buildings. They do not direct machines to make things. Instead, they largely email and call people in other similar buildings for eight hours, then repeat the morning’s drive in reverse. Chances are, you are one of these people.

image: http://www.freedigitalphotos.net 

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Make A Stand founder Vivienne Harr.

Last week, 10-year-old entrepreneur Vivienne Harr stole the show at the National Small Business Week kickoff event at Twitter's San Francisco headquarters. Harr, founder of the charitable lemonade company Make A Stand, shared her "lemonade lessons" with the crowd of small-business owners and advocates.

Image: http://www.businessinsider.com - Make A Stand founder Vivienne Harr. 

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