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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.

Scott McGovern and Warren Buffett croppedWarren Buffett, chairman and CEO of Berkshire Hathaway, learned one big lesson decades ago: beiing able to protect the precious commodity of time.

To further support this concept, a classic Buffett quote floating around the internet drives home the point:

The difference between successful people and really successful people is that really successful people say no to almost everything.

This quote has caused much debate amongst investors, since it was spoken by Buffett as a warning to them to be more selective when choosing stocks. Investing aside, the quote is also a useful self-leadership tip for the rest of us struggling to effectively manage our businesses and work lives.

 

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Cursor and Wave riding generators promise the cheapest clean energy everSea Wave Energy Ltd (SWEL) has been working for more than a decade on a floating wave energy device it calls the Waveline Magnet. With several prototypes tested on- and off-shore, the company claims it delivers "ultra low cost," with high output.

Solar electricity generation is proliferating globally and becoming a key pillar of the decarbonization era. Lunar energy is taking a lot longer; tidal and wave energy is tantalizingly easy to see; step into the surf in high wave conditions and it's obvious there's an enormous amount of power in the ocean, just waiting to be tapped. But it's also an incredibly harsh and punishing environment, and we're yet to see tidal or wave energy harnessed on a mass scale.

Image: courtesy SWEL

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Female boss stands leaning on table at business me 2022 03 30 20 23 45 utcFundraising for a startup is never easy, but getting investors to write you a check is particularly brutal at the moment.

CNBC has called the current situation "the hardest fundraising climate in more than a decade," noting that "the shutdown of the IPO market has resulted in a virtual freeze in pre-IPO rounds, and the dramatic contraction of software multiples has stalled private deal flows." While there are plenty of companies still having success raising money, at the moment there is little to no margin for error for founders.

 

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Test score sheet with answers grade a and pencil 2021 09 02 21 27 37 utcI've found that setting goals with my team has been one of the most beneficial activities in my business. In fact, I've often said that if I were to only spend one week out of the year working on my business, I would spend it all on setting goals with my team.

But regardless of which goal-setting framework you use or how many goals you set, what's most important is honing in on the right goals for your business. When I consult with companies, I often find they're setting goals based on their gut instincts, instead of looking critically at where they should put their efforts to push the business forward as quickly as possible.

 

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Smiling car seller shaking hands with female custo 2022 01 19 00 11 50 utcCovering Five Flute’s fundraising and tearing down the deck the company used to raise its $1.2 million seed round had me wondering: How the hell do investors decide whether to invest in a company at the earliest stages?

VC firm Baukunst led the Five Flute investment, and I sat down with Axel Bichara and Tyler Mincey to learn how they evaluate a potential early-stage deal. They told me that the vast majority of the deals they look at fall apart at the due diligence stage and helped me get a deeper understanding of what that process looks like from the inside.

 

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Source Photo: ExpectBest/PexelsIn 1975, Danish physicist Bent Sørensen published a paper examining the possibility that his country could run on 100 percent renewable energy. Appearing in the journal Science, it could have been an important moment for beginning to look seriously at transforming the way the world produces energy.

Instead, crickets.

“It was not a loved idea at all,” said Christian Breyer, a faculty member at LUT University in Finland, in a video interview from his office.

Image: Source Photo: ExpectBest/Pexels

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Contract 2021 10 15 20 25 33 utcFundraising should always be accompanied by two things: due diligence and proper structuring. While there are several aspects to structuring, one of the most important is the agreement or instrument that is being executed for the fundraising.

An investment agreement generally defines the terms and conditions of the fundraise, the rights and obligations conferred on each involved party, the method by which all parties can exit, and so on. These clauses safeguard the interests of the company, its promoters, and incoming investors.

 

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ICoal powered plant in eemshaven 2022 02 02 05 07 42 utcn Australian startup says it has developed a technology that converts hydrogen into heat in a way that could be easily incorporated into existing coal-fired power plants.

The company is keeping the details of the tech private, but if it works as claimed, it could help clean up the world’s electric grids, which are a major source of carbon emissions and harmful air pollution.

 

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The sunrise casts a warm glow around the Artemis I Space Launch System (SLS) and Orion spacecraft at Launch Pad 39B at NASA’s Kennedy Space Center in Florida on March 21. (Image credit: NASA/Ben Smegelsky)NASA's gigantic Artemis "mega moon rocket," the most powerful space rocket ever built, is gearing up to blast off to the moon. The Artemis 1 mission will launch Monday, Aug. 29, on an uncrewed test flight of the spacecraft powering NASA's Artemis moon program, which will eventually send humans back to our nearest natural satellite and then hopefully to  Mars. Here's the plan for the launch and how you can watch it online.

Image: The sunrise casts a warm glow around the Artemis I Space Launch System (SLS) and Orion spacecraft at Launch Pad 39B at NASA’s Kennedy Space Center in Florida on March 21. (Image credit: NASA/Ben Smegelsky)

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Scientists at The University of Pittsburgh School of Medicine Eye Center are developing goggles that have a camera and processor to translate images from the environment into pulses of light.
TIM BETLER, UPMC AND UNIVERSITY OF PITTSBURGH HEALTH SCIENCESThe human retina—the light-sensitive part of the brain situated in the back of the eye—is a feat of engineering at the heart of a critical sense: Sight. So diseases of the retina like retina pigmentosa or age-related macular degeneration, which lead to impaired vision and blindness, can be particularly intractable and devastating.

But scientists are zeroing in on a suite of strategies that may offer a ray of hope.

Image: Scientists at The University of Pittsburgh School of Medicine Eye Center are developing goggles that have a camera and processor to translate images from the environment into pulses of light. TIM BETLER, UPMC AND UNIVERSITY OF PITTSBURGH HEALTH SCIENCES

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A rendering of the future city of Telosa, which will be somewhere in the American West. Image courtesy of CityofTelosa.com
Billionaire Marc Lore is fleshing out his plan to build a utopian city called Telosa for 5 million people in the American desert — and he's not the only one with such ambitions.

Why it matters: There are about a dozen projects worldwide to create sustainable, hypermodern cities-from-scratch. While they may never come to fruition, the proposals themselves hint at what the city of the future might look like.

Driving the news: Telosa is set to be built on 150,000 acres in either Nevada, Utah or Arizona, and 50,000 "diverse" people will call it home by 2030, according to newly released details from Lore — a serial entrepreneur who sold Jet.com to Walmart for $3.3 billion and the parent company of Diapers.com to Amazon for $545 million.

Image: A rendering of the future city of Telosa, which will be somewhere in the American West. Image courtesy of CityofTelosa.com

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Elon Musk Royal Society crop2 jpgElon Musk is full of hot takes, and I can't say I agree with all of them. But I have to give credit where credit is due--the guy's got some pretty solid thoughts when it comes to meetings.

You may have heard Musk saying that meetings "are what happens when people aren't working," or instructing his employees to walk out of a meeting as soon as they aren't adding value.

 

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