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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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NEWARK, NJ — A fresh Newark-based venture capital fund is primed to begin pumping millions of dollars into the city’s technology sector this month, and they’re looking for local innovators in need of the cash to make their dreams come true.

On Sept. 7, the Essex County-based Newark Venture Partners (NVP) is slated to kick off its inaugural accelerator class for its “Newark Venture Partners Labs” initiative, which will fund participants with $80,000 per company and invest up to $1 million in all graduating companies that complete a qualified financing.

Image: http://patch.com

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bosses

Nearly everyone finds it tough keeping the boss happy sometimes. But what if you had a steady stream of conflicting requests and competing deadlines coming simultaneously from two bosses or more? An increasing number of workers are finding themselves reporting to multiple bosses, experts say, and figuring out how to manage those who manage you comes with its own special set of demands – and opportunities.

 

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north america

When President Bill Clinton signed the North American Trade Agreement (NAFTA) in December 1993, he predicted that “NAFTA will tear down trade barriers between our three nations, create the world’s largest trade zone, and create 200,000 jobs in (the U.S.) by 1995 alone. The environmental and labor side agreements negotiated by our administration will make this agreement a force for social progress as well as economic growth.” Twenty-three years later, scholars and policy makers often disagree about the impact that NAFTA has had on economic growth and job generation in the U.S. That impact, they say, is not always easy to disentangle from other economic, social and political factors that have influenced U.S. growth.

 

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crowd

A new Crowdfunding model has launched, which puts the needs of the investor before those of the companies seeking funds.

Traditionally, companies seeking funds have had it all their own way, with some crowdfunding companies, in their haste to get more opportunities on their platforms, allowing very high valuations and forgoing investor interests.

Shadow Foundr, which is authorised and regulated by the Financial Conduct Authority (FCA), prides itself on putting investors first - including scrutinising company valuations; which they believe will result in a much higher success rate than the current industry standard.

 

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congress capitol hill

The U.S. Senate came back on Tuesday from its longest summer recess in 60 years and the first thing it did was fail to pass a bill to address the growing Zika crisis.

The same bill failed twice earlier this summer due to partisan squabbling in an election year. Apparently, the arrival on the mainland of Zika-carrying mosquitos and the local infection thus far of 56 people in Florida alone in the past month has done little to move Washington’s entrenched positions.

 

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scientist

The Mad Scientist

The mad scientist has highly original ideas. Some are pretty weird. Many of them won’t work. He really knows his stuff. He loves what he does. He works odd hours. He works best alone. He hates meetings. He has unusual hobbies. Being different is high on his set of values.

The caricature (and it is a caricature) is of a highly creative individual (and it is not necessarily a “he” or a “scientist”). Beyond the caricature are individuals who engage in radical thinking, the type that leads to breakthroughs. They will imagine new futures, open new paths. These people are very valuable assets for the organizations that accept and develop them.

 

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Arizona Technology Council Logo

PHOENIX --(BUSINESS WIRE) The Arizona Technology Council and the Arizona Commerce Authority today announced Individual Award winners, Company Award finalists, and Student and Teacher Awards for the 2016 Governor’s Celebration of Innovation Awards (GCOI) presented by Avnet. The awards honor the visionaries of Arizona’s technology ecosystem whose passion and dedication energize Arizona’s rapidly growing technology community.

“We were pleased to receive such a strong group of applicants and congratulate this year’s finalists and winners on their exceptional contributions to Arizona’s technology sector,” said Steven G. Zylstra, president and CEO of the Arizona Technology Council. “These awards represent brilliant, dedicated individuals and companies who work hard to ensure we are building an Arizona economy based on innovation.”

 

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Fundraising for a startup is a notoriously stressful process. Vast amounts of ink have been spilled dissecting every aspect of what works when pitching a venture capitalist, and there are countless “tips” out there that promise to help entrepreneurs close deals.

But for all the attention paid to venture capitalists, and for all the energy expended on getting inside their heads, little attention has been paid to limited partners (LP) — the money behind the money that makes the venture world go ‘round.

Image: https://techcrunch.com

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Call for Nominations 2017 FLC National Awards

The 2017 FLC Awards is now open for nominations. One of the most coveted honors in the technology transfer field, the FLC awards have been presented to over 200 federal laboratories since their inception in 1984. Many of our winning technology transfer efforts have gone on to become products and devices that are indispensable in our daily lives.

 

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Most of us "perform" our happiness for others, to a certain extent, anyway—carefully curating our Instagram photos and tweets to paint a picture of our life that reflects our experiences—just not all of them.

This is pretty normal and probably predates social media. It's human nature to want to make a good impression on others. But personal branding can take this inclination to a new level—especially when you work for yourself. Independent workers don't craft online personas to make us feel good or to make others jealous, we do it so we can make a living.

Image: lolostock via Shutterstock

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mistake

When companies screen job applicants, they aren't just looking for someone with the skills for the role. They're also looking for an upstanding person—someone who can be trusted and relied upon. But businesses aren't much better than ordinary people at judging character, something most people tend to think they excel at, even when they don't. In other words, that human challenge is also an organizational one, and the standard hiring process isn't always up to the task of meeting it.

 

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benari

Integrity

Sustainable Performance

Client Centricity

Innovation

Discipline

Partnership

These are the values of Deutsche Bank. Notice which one is first on their list.

Among the behaviors Deutsche Bank uses to define Integrity are “we live by the highest standards of integrity in everything we say”, “we do what is right – not just what is allowed”, “we communicate openly; we invite, provide and respect challenging views”.

 

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Chinese Flag

Digital health investment in China, particularly companies serving the domestic market, topped $1.1 billion in the first half of 2016, according to data from CB Insights. That’s about how much was invested in the sector in the whole of 2015.

Several factors are fueling the growth of digital health in China, and some of these elements aren’t unlike what’s spurring the development and investment in its U.S counterpart.

 

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Dollars Dollar Bills Banknotes Money

I have been thinking about this subject for a long time, and I came across a blog post precisely about this topic. A venture capitalist by the name of Mahesh Murthy wrote this article.

Let me summarize it quickly.

He is basically talking about a problem in the venture capital scene, that venture capitalists raise their funds from private investors, who may require the fund to basically reach “maturity” (for lack of a better word) in 8-12 years, and realise the returns of funds to the said private investors.

 

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stocks

After a slow start for initial public stock offerings this year, there are some promising signs that the IPO market may come to life in the weeks after Labor Day. Yet even if the IPO pipeline starts flowing again, this year will likely disappoint investors who are yearning to take positions in the next big tech stocks.

San Jose-based unicorn Nutanix, for example, recently said it would acquire two startups, setting off rumors that the company is planning to go public soon.

 

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Founder Institute, one of the three original Silicon Valley accelerator programs, is coming to Cincinnati with its first class this October.

“Founder Institute targets people at the ideation stage when an individual is deciding whether to take the leap from working or being a full-time entrepreneur,” says Michael Hiles, founder of Intellig8.

Image: http://www.soapboxmedia.com

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LONDON — Prior to 1960, the Aral Sea in Central Asia had been one of the four largest lakes in the world. 

Now, a series of NASA satellite images reveals how the once impressive body of water has been depleted to just 10% of its original size.

SEE ALSO: Arctic Sea Ice Reaches Annual Peak, But Falls Far Short of Average

Using the Moderate Resolution Imaging Spectroradiometer (MODIS) on its Terra satellite to document the changes, NASA's images show the dramatic consequences of the Soviet Union's 1960 water diversion project to irrigate the arid earth in the nearby plains of Kazakhstan, Uzbekistan, and Turkmenistan. You can watch the sea diminish from 2000 to 2016 in the GIF, below.

Image: http://mashable.com

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Digital government, honey bees and face recognition crime-fighting technology were among the winning projects from public sector innovators celebrated at the Australian Information Industry Association (AIIA) national iAwards in Melbourne last week.

This year, more than a third of the award entries came from the public sector, representing some exciting new approaches to a range of social problems.

Image: http://www.governmentnews.com.au

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One of Australia's most well known entrepreneurs has applauded the NSW Government's recent multi-million dollar grants and loan program, but says everyone needs to stop being so enamoured with tech startups.

The Government's Jobs For the Future initiative, which is allocating funds from its $190 million Jobs for NSW Fund, offers $3 million in grants of a maximum $25,000 to embryonic startups or a maximum of $100,000 in Building Partnerships grants for those with a solid business model. Startups can be involved in any industry and be registered in NSW but they must be developing some sort of technology to be eligible.

Image: The Entourage founder Jack Delosa says governments need to focus on all startups, not just tech-based ones.

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brain

Whether it’s a new technology, a foreign language, or an advanced skill, staying competitive often means learning new things. Nearly two-thirds of U.S. workers have taken a course or sought additional training to advance their careers, according to a March 2016 study by Pew Research Center. They report that results have included an expanded professional network, new job or different career path.

 

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