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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.

RAYMUND B. HABARADAS

Last month, I talked about how the city of Solna became Sweden’s fastest growing city. It became a business-friendly city within 20 years, by lowering taxes on income, by focusing on key investors and developers, and by impressing upon its people that “this is the place to be.”

Today, I will share with you the experience of Torino, an Italian city that underwent a neighborhood regeneration process started in 2009. It was one of the inspirational stories featured at the 13th ASIALICS International Conference in Bangkok.

 

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Man Person Book Reading Sketch Professor

Federal funding agencies have been eager to support younger researchers, reflecting a widespread belief that nurturing the next generation is critical to ensuring the long-term success of the nation’s scientific enterprise. A new analysis out of Northeastern University, however, is challenging the orthodoxy. Looking across a variety of fields, the study found that while a researcher’s productivity generally declines with age, creativity and impact do not.

 

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network

Networking is important for career growth but not everyone loves it.

Eric, an executive at a city firm, developed close ties with an associate partner while working on a special project. The relationship was envied by many of his cohort who saw it as a major asset for future advancement. However, once the project concluded, so did the regular contact and, as Eric did little to cultivate the relationship, it faded over time. “He should be important for me,” Eric noted later, “But since I see a network as something which happens naturally and not artificially, I didn’t really try to keep him.”

 

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family tree

How a family business manages its in-laws should be decided by its values.

There is no template for succession planning in family businesses. How a family business owner hands over the reins to their child or children and how successful the transfer is depends on years of planning.

But even those who plan ahead and have “the conversation” with their children about running the enterprise can face challenges. Today more than ever, children of family owners want to spread their wings, some to escape the clutches of the family empire, others simply to gain “real world” experience before they eventually return to the family business.

 

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Medic Hospital Laboratory Medical Health Doctor

Finally, there’s a drug available to treat Duchenne muscular dystrophy, a rare, fatal genetic muscle-wasting disease that grips roughly 10,000 people, mostly boys, in the U.S., who are unlikely to live into their 30s and typically lose the ability to walk in adolescence.

On Sept. 19, the Food and Drug Administration approved Exondys 51 (eteplirsen) after reviewing a clinical trial and hearing words of support from 50 advocates on behalf of the drug, including families with children living with the disease, experts on the illness at UCLA, and even a few politicians, like Florida senator and former presidential candidate Marco Rubio.

 

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entrepreneur

My Dad never gives up, he never takes it lying down… he started his own blog at the age of 64, started a freelance writing career, alongside an NGO for empowering young people to pursue their dreams and succeed early on.

Yeah, talk about drive. Dr. Myles Munroe (of blessed memory) once made a very profound statement when he said; “The wealthiest place on earth is not the oil wells of Saudi Arabia, but the graveyard… because in it are dreams that never took flight, businesses that were never started, songs never written and goals never reached.”

 

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Presidential Election Usa Politics 2016

Well, we’re finally here on the backstretch of this election. And, no matter the candidate you support, you have more than likely been subject to a lot of worry and stress.

Shutterstock

This emotional response, brought on by the constant barrage of commercials, talking heads and debate may have taken a bit more from you than you realize. From you, and from your business.

 

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team

Whether you’ve just started training your first hire or you’ve been managing scores of people for decades, you’re in the position of being a leader. And if there’s one aspect of leadership that holds true, regardless of staff size or industry, it’s that being one isn’t for the thin-skinned or the faint of heart.

So much of your job isn’t about hitting goals, but rather about being rooted in reality, constantly striving to bring perspective and empathy to whatever situations you encounter. Sometimes, finding the right words can be the biggest challenge of your day. But other times, you’re overthinking it, and it’s as simple as saying these six tiny sentences.

 

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health care

Concerns over the role of the Center for Medicare & Medicaid Innovation could lead to legislation intended to hinder the agency and slow its attempts to further the goal of paying providers for value rather than volume.

While no specific legislative language has surfaced, multiple sources confirmed that Republicans upset with what they say is overreach by the CMS Innovation Center, also known as CMMI, are considering a legislative response.

 

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Jane Chen Ride Out Failures Stanford eCorner

Midway through sharing some takeaway lessons for aspiring entrepreneurs, Embrace Innovations CEO Jane Marie Chen explains how courage and persistence are critical because failure inevitably lies ahead. She also warns against becoming too personally attached to certain outcomes: “We are not defined by our successes or our failures. We are defined by our values and the journey that we take.”

 

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Steve Teig Overestimating Risk Stanford eCorner

Steve Teig, president and CTO of Tabula, argues for why entrepreneurs frequently overestimate the risks in starting companies and building products. Teig also explains how you can create a superpower by re-applying fear and worry as additional effort.

 

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Susan Koger Visualize Worst Case Scenarios Stanford eCorner

ModCloth Co-Founder Susan Koger recalls the moment when she realized she could actually be an entrepreneur. Koger, also chief creative officer for the online retailer of women's fashion, talks about how visualizing worst-possible outcomes before making big decisions can clarify what you are really risking and help you make a choice.

 

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city

When Americans consider a move to another part of the country, they sometimes are forced to make a tough choice: should they go to a city with the best job opportunities, or a less economically vital area that offers a better standard of living, particularly more affordable housing? However,  there are still plenty of metropolitan areas in the U.S. where you can get the best of both worlds.

 

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Smartphone Woman Girl Iphone Apple Inc Touch

Making money is no longer a simple bottom-line equation of arbitrage, in which entrepreneurs sell goods at a markup and keep costs at a minimum. Having a good product at a fair price, and with great customer service, is no longer enough to succeed -- it’s merely the cost of entry. And in today’s hyper-competitive environment, entrepreneurs must be innovative.

 

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Sam Tarantino

You walk in 15 minutes ahead of time for your 4 p.m. meeting with Kleiner Perkins. You have a knockout Power Point, charming personality, and vision for a grand future despite this being your first startup and still being in development. The partners walk into the room and after having taken every course, watched every YouTube video on pitching, and seen every Shark Tank episode, you hit the pitch out of the ballpark.

 

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Fractal Complexity 3d Geometric Geometry Polygonal

WHAT GENERATES VOLTAGE when you warm it up, push on it, or blow on it?

Get your mind out of the gutter. The correct answer is polyvinylidene fluoride, a material NASA researchers have refined for use in morphing aircraft that shapeshift in response to their environment. But wait! There’s more: It can also kickstart the human body’s healing process.

 

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University of Miami

The University of Miami Life Science & Technology Park will be renamed Converge Miami to more inclusively brand the building for what the University of Miami hopes it will become: a hub of entrepreneurship and technology reaching across industries as well as geographies.

Inside Converge Miami is the Cambridge Innovation Center, or CIC Miami, which is running a 70,000-square-foot co-working center with open work areas, offices and labs for entrepreneurs and scientists. Converge Miami also houses Venture Cafe, a nonprofit that puts on programming and events for the community, including its signature #ThursdayGathering, with talks, pitch nights, mentor and investor office hours, exhibitions and networking.

 

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Doors Choices Choose Open Decision Opportunity

Here’s the secret:  If a decision is difficult, there likely is no wrong choice.  When both choices seem equal in validity, the likelihood of one being far superior to the other is almost zero.

You can literally flip a coin and shift your mental energy toward something else instead, because spending more time deciding between two similar risk/reward propositions is going to do nothing but slow your speed to market, which ultimately will reduce the value of the likely outcome for each choice.

 

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future

People everywhere wish they could look into a crystal ball and see their future—or at the very least, the future of their investments, business, and career. Frog, the global design consultancy, has developed a technique that’s probably about as close as we’ll get to prophecies told via glass orb.

It’s called "futurecasting." And Frog’s clients hire the design firm to spend weeks or months evaluating how the world may change, and what new products and services may be needed as a result. It’s essentially a disruption simulator. The system involves lots of research as to where things are headed, envisioning worlds that may embody such trends, and even writing fictional headlines that flesh out the possibilities.

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