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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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You’ve quit your corporate job because it was giving you weekly ulcers and you were tired of being told what to do.

Now, you run your own business. You are an entrepreneur, you are a leader and it’s your turn to tell others what to do.

It feels good. You are free. You are proud.

You are very busy. There are tons of email to answer everyday, phone calls to make, meetings to attend, people to direct, watch and help. So many people. Sometimes it seems like everyone around you needs you. They all want something from you. The phone rings, you spit your coffee, you don’t know if you’re going to make the numbers you wished this month, too many Facebook notifications, tweets, Instagram pictures. Your vision narrows, your head starts spinning, you feel this familiar tightness in your chest and suddenly you know…

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The nations with the most car-accident deaths have been highlighted in a new report.

On average, 18 out of 100,000 people on the planet die in car accidents each year, but that fatality rate varies widely across different countries.

Namibia has the highest car-accident death rate, with 45 people killed on the road out of every 100,000 in the whole population. In the Maldives, meanwhile, just two people die in car crashes out of every 100,000 each year.

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The business of gaming is complex and unpredictable. From the rise and fall of Zynga, overnight success of Draw Something, controversy driven success of Flappy Bird and the recent announcement of Candy Crush maker King’s IPO, is there a winning formula emerging?

Gaming still remains one of the most risky segments. Back in 2011 Angry Bird created same kind of sensation and made mobile games as one of the hottest thing to be in. But remember there are 1000 failure behind one success story in gaming. So let’s talk about why there are so many failures.

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The quintessential venture capital (VC) paradigm has been to grow a business from a technology that incubated for a couple of decades in federal, university and corporate labs.  There’s a lot of R&D investment that has gone into university and federal labs, roughly $100 billion annually.  Many of those research projects do have a chance of maturing into consumer markets with the right mix of investment and business direction.

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Internships are a big business these days. As full-time jobs remain hard to secure for many millennials, young people eager to gain skills and work experience fill the intern ranks (often starting as early as high school and frequently extending past college graduation).

Despite a few high-profile companies like Conde Nast ending their programs, Lauren Berger, CEO of the internship portal InternQueen.com reports that “our phone keeps ringing with employers.”

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Mentor

From Mark Zuckerberg to Tony Robbins, some of the most successful people in all forms of business have credited part of their success to having a great mentor.

Mentors are not always well known people who work in the same field as the people they are mentoring. They can be family members or others who serve as moral and character guides. Herb Kelleher, founder and chairman of Southwest Airlines, was mentored by his mother Ruth, who told him, “Respect people for who they are, not for what their titles are.”

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When applying to college, we’ve all heard about the myth of the “well-rounded” student. In reality, colleges and universities, and even employers, in the US are not looking for the traditional well-rounded applicant; they’re looking to build well-rounded classes or organizations made up of specialists. One way for applicants to stand out, whether it’s on a college or job application, and develop their interests and skills in a particular field is through internships.

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Millennials have a reputation for being the most plugged-in generation in the workplace. Experts have even suggested “reverse mentoring” so that younger workers can inculcate their “tech-savvy” habits in older generations. But a new survey from Softchoice shows that those may actually be bad habits when it comes to keeping data secure.

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We all know networking has the potential to dramatically enhance our careers; making new connections can introduce us to valuable new information, job opportunities, and more. But despite that fact, many of us are doing it wrong — and I don’t just mean the banal error of trading business cards at a corporate function and not following up properly. Many executives, even when they desperately want to cultivate a new contact, aren’t sure how to get noticed and make the right impression.

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google

Google Glass shares much of its electronics and software with the smartphone, but it’s a very different machine.

You hold a smartphone in your hand. And we do—at restaurants, at the movies, walking across the street, and even in bed. We use smartphones to check our mail, update Facebook, get driving directions, search the Internet to settle bets, and, sometimes, even to make calls. But Glass you wear on your face, and that fundamentally transforms all these human-computer interactions, making them more intimate. Because you don’t use your hands, and because it projects an image onto a transparent screen suspended in front of your eye and uses a vibration to stimulate your inner ear, using Glass is like being naked with the machine: synapses and wires united.

 

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Entrepreneurs are everybody’s favourite heroes. Politicians want to clone them. Popular television programmes such as “The Apprentice” and “Dragons’ Den” lionise them. School textbooks praise them. When the author of this blog was at Oxford “entrepreneur” was a dirty word. Today the Entrepreneur’s Society is one of the university’s most popular social clubs.

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Leaders of Los Angeles’ innovation, technology, and creative communities and the Los Angeles County Economic Development Corporation (LAEDC) today launched inLA™ (Innovate Los Angeles)—a non-profit organization focused on galvanizing, accelerating and promoting the innovation economy in Los Angeles County. inLA is a membership organization comprised of leaders of technology companies, venture capital firms, serial entrepreneurs, major universities and growth-focused professional services firms who share a common vision for expanding and improving Los Angeles’s growth economy and attaining recognition as the world’s hub for boundless creativity and inspired innovation. Through its work, inLA will promote Los Angeles County as a leading global center for innovation and entrepreneurship, and take action to spur company and job creation in the regional innovation economy.

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When Kathleen Wynne's government unveiled its first budget last year, one focus was on youth jobs initiatives: it included $295 million over two years to boost youth employment, innovation, and entrepreneurship. Among the projects in that youth job strategy: a Youth Investment Accelerator Fund, which would give up to $250,000 each to tech-based companies whose founders are less than 30 years old.

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If your business requires a security clearance or other personal identification system such as a photo ID, your employees’ distinctive body odors might someday be their IDs. Researchers in Spain say they’re working on a system that helps identify people by their scent. This would be the latest in a long history of using various individual characteristics – fingerprints, retina scans and the like – to identify people.

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Most small business owners think they have to take giant risks to be successful. They reason that the greater the risk, the bigger the reward. This is common wisdom since, when a success story gets publicized, no one hears about all the interim steps that were taken to get to the final result.

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Map

A global map detailing the genetic histories of 95 different populations across the world, showing likely genetic impacts of European colonialism, the Arab slave trade, the Mongol Empire and European traders near the Silk Road mixing with people in China, has been revealed for the first time.

The interactive map, produced by researchers from Oxford University and UCL (University College London), details the histories of genetic mixing between each of the 95 populations across Europe, Africa, Asia and South America spanning the last four millennia.

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I was fresh out of college and had just joined footwear startup AND1 as employee No. 10, when I found myself in a knock-down drag-out argument with the CEO. It was an unusual place to be at age 22 with little experience behind me. But instead of shutting me down, CEO Seth Berger chose to listen.

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