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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.

tomatoes

As a cancer scientist and someone interested in the ever-evolving relationship between science and the media, my eye was caught this week by the flashy headlines claiming that good-old tomatoes might just be the cure for gastric cancer. All the media fuss appears to stem from a paper accepted last week in the Journal Of Cell Physiology bearing the rather less exciting title : “Antitumoral Potential, Antioxidant Activity and Carotenoid Content of  Two Southern Italy Tomato Cultivars”. As a fan of both cancer research and tomatoes, I felt the need to examine the evidence presented in the paper and whether they substantiate the Daily Mail claims.

 

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treasure chest

Throughout history, millions of Americans have found wealth and purpose by bringing their innovative ideas to market. However, most burgeoning small business owners lack the resources, assets and track records needed to secure the funding through traditional means. Thankfully, the country’s thriving venture capitalist community offers inexperienced entrepreneurs the support they need. However, to get that support, founders need to understand three key aspects of venture capital funding.

 

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NewImage

Maryland’s governor is putting new economic development energy into creating life sciences and cybersecurity startups.

To kick off the Governor’s Business Summit in Baltimore this morning, Gov. Larry Hogan provided some details on Excel Maryland. It’s a new initiative that’s seeking to bring together government, university and the tech community to develop a new strategy to grow startups.

Image: Gov. Larry Hogan announces the Maryland Tech Council. (Photo by Stephen Babcock) - https://technical.ly/baltimore

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NewImage

The incubator will join others already in operation, with the hope the companies will stay in the county.

Montgomery County is close to picking a partner to help create a new incubator in Silver Spring focused on tech and media, according to the head of Montgomery County's relatively new economic development corporation.

The county has narrowed its list to two potential candidates to turn the Silver Spring Innovation Center, which is underutilized, into an incubator offering work space, programming and a chance to grow businesses in the county, said EDC CEO David Petr. The hope is to pick a finalist in about 30 days.

Image: David Petr, president and CEO of the Montgomery County Economic Development Corporation… -  JOANNE S. LAWTON

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Stephen Wolfram created the search engine Wolfram Alpha.

Don’t be surprised if Stephen Wolfram, the renowned complexity theorist, software company CEO, and night owl, wants to schedule a work call with you at 9 p.m. In fact, after a decade of logging every phone call he makes, Wolfram knows the exact probability he’ll be on the phone with someone at that time: 39 percent.

Image: Stephen Wolfram created the search engine Wolfram Alpha. - https://www.technologyreview.com

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shanghai

If you think you’ll have to move to the Bay Area to get a foothold in the startup world, think again.

This week, the Kauffman Foundation released its annual Startup Activity Index that explores the state of entrepreneurship across the United States. According to the data assembled in the report, the home of Google, Facebook and Twitter doesn’t even crack the top 10. Neither does Amazon and Microsoft’s hometown of Seattle.

 

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NewImage

A close friend of mine does this annoying thing where, months after an event, she'll tell me sheepishly that something was off.

The dress I wore didn't fit right. Or my hair was sticking up the entire time.

Why, I'll ask her, didn't you tell me then?

Her response is always the same: "I didn't want to hurt your feelings."

Image: Be prepared for the good, the bad, and the ugly. 20th Century Fox

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Silicon Valley A Peek Into the World of Young Entrepreneurs Knowledge Wharton

Wall Street Journal reporter Alexandra Wolfe peels back the mystique of Silicon Valley, where hordes of young entrepreneurs are hoping to strike it rich while changing the world, in her new book Valley of the Gods: A Silicon Valley Story. She follows the exploits of three promising young entrepreneurs who received $100,000 each to drop out of school and start a business through a program by billionaire venture capitalist Peter Thiel, co-founder of PayPal and an early investor in Facebook.

Wolfe paints a startling and sometimes hilarious picture of the goings on among techies in Silicon Valley. “It was so much more colorful than I imagined,” she said. Wolfe, the daughter of Tom Wolfe, New Journalism pioneer and author of the seminal The Bonfire of the Vanities, talked about her book on the [email protected] show, which airs on SiriusXM channel 111.

Image: http://knowledge.wharton.upenn.edu

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drone

If you lead a commercial transportation company, you’re heading toward one of two starkly different futures. If you run Carrier A, you continue to travel down the path you’ve been on. You provide shippers with cheap and reliable service using established product and performance definitions and metrics. If you run Carrier B, you embrace innovation. Your business bears only passing resemblance to what it was before. By adopting aspects of advanced vehicle-related IT systems, automated fleet management, cloud-based data analytics, robotics, location detection, and autonomous vehicle technologies, you have gained the flexibility and capabilities to shift gears and focus on the most profitable services based on your customers’ ever-changing needs.

 

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NewImage

Entrepreneurs are an optimistic bunch. The upward trend to start new businesses continued for the third consecutive year, according to the annual Kauffman Index that measures new business creation in the United States and covers about 5 million companies in all industries.

Immigrants are twice as likely to start companies as U.S. citizens, and first-generation immigrants now make up nearly 30% of all new U.S. entrepreneurs. This is also the highest the share of immigrant entrepreneurs in the last 20 years.

Image: https://news.fastcompany.com

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