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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.

ideas

Creativity has enabled humans to conquer every corner of this planet. Indeed our yen for innovation is one of the most salient characteristics of our kind. Yet our species is not the only one given to inventiveness. Researchers have documented the capacity in a growing number of other creatures. And some of their findings run counter to received wisdom about the origins of creativity and how to foster it in human minds.

 

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Humpback whales rudely interrupt man doing pushups on a kayak

A man completing the 22 Pushup Challenge in an unique way was surprised to see two massive humpback whales photobomb his routine.

YouTuber Erik Jones was filming his friend Mike Pelayo on day nine of the 22 Pushup Challenge in order to raise awareness for veteran suicide prevention. The challenge asks participants to complete 22 pushups for 22 days, so Pelayo was switching it up a little bit by performing his pushups on a kayak in the middle of the ocean. We're sure it seemed like a great idea at the time.

 

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Great white shark spotted jumping out of water just feet from surfers

A surfing camera in San Francisco captured the moment a massive great white shark put on a splashy (and scary) show.

The clip, which was shot Wednesday morning at Ocean Beach, shows nearly a dozen surfers waiting in the water as the shark jumps clear out of the water for a pretty sweet belly flop. While many of the surfers missed seeing the shark showing off, a few surfers witnessed the action. 

Image: http://mashable.com

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healthcare

The only thing that’s been consistent for digital health accelerators in the past couple of years is that most of them have been tweaking their model. That’s no less true of the New York Digital Accelerator, which is run by the New York eHealth Collaborative and the Partnership Fund for New York City.

Now in its fourth year, the accelerator did away with an open call for applicants. Instead, the program relied the four investment firms and 16 healthcare organizations that serve as mentors to the accelerator to nominate companies they viewed as worthy.

 

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elder care

Deloitte’s new family leave program for its U.S. employees includes time off for elder care, spousal care and child care beyond infancy.

Both male and female employees can take up to 16 weeks of paid family leave each year, and new mothers will be eligible for six months of paid time off, including short-term disability for childbirth. Staff must take at least three consecutive days off to qualify for the program.

 

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NewImage

Thursday night  was the 2016 Mississippi Innovator’s Hall of Fame, and I’m going to spend the next few weeks talking about some of the honorees and inductees from the event.

One of the great things about the Mississippi Innovator’s Hall of Fame is that while most inductees are companies that are household names, many of the companies honored as “Innovators to Watch” are great Mississippi companies that are mostly under the radar.

Image: Special to The Clarion-Ledger

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NVCA Logo

“Bipartisan approval by the Ways and Means Committee of this important bill is welcome news for the entrepreneurial ecosystem and startup employees across the country who are unfairly penalized with tax liabilities on vested stock but no liquid market to sell those shares to meet their tax obligations,” said Bobby Franklin, President and CEO of NVCA.  “Allowing for an additional period of time for employees to defer taxes on exercised stock options is a common sense solution to this challenge that will encourage more talented individuals to help build the next generation of great American companies.  We thank Congressmen Paulsen and Crowley for their leadership and commitment to avoiding a startup brain drain by preserving the value of stock options for employees, and look forward to working with them to pass this bill into law.”

 

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NewImage

As an entrepreneur, I see the world a bit differently. Since I have never had a full-time job or received much training at my part-time work, I have always gone with my gut on how certain tasks should be approached.

While experience has its benefits, in my experience, inexperience can lead to innovation and out-of-the-box thinking. That is how I approached my idea for Valuation App, a mobile app for financial analysis. I did not have the money or the marketing resources to get an app built and promoted, so I used crowdfunding as a means to finance it. Using just a deck, I raised money from 57 people to crowdfund the app’s expenses. I requested $11 from each person and raised close to $4,000. It worked — the app is now available on Android and iOS, and even led to my next venture.

Image: http://www.alleywatch.com

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CLATE MASK

In business school, you’re taught to write a plan, raise capital and then execute on your vision. This process isn’t really the way things work out in the real world, though. startups can quickly find that angel investors or venture capital firms aren’t willing to invest in a company that hasn’t bootstrapped themselves for a substantial portion of the time. This situation isn’t always the case, but it is something entrepreneurs should consider.

 

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Nick Clements

According to BlackRock, the average investor in America is doing a miserable job. Bad investing habits are eating away at our portfolios, delaying retirement and costing us money. In particular, the data shows that we like to:

Pay people to beat the stock market. Despite the growth of index funds, people still continue to pay fund managers for a promise that is almost statistically impossible to keep. Sell in a down market to “avoid losses,” which actually costs more money in the long run.

 

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http://www.freedigitalphotos.net/images/agree-terms.php?id=10094208

Rob Cross, professor at the University of Virginia’s McIntire School of Commerce, explains how work became an exhausting marathon of group projects. He’s the coauthor of the HBR article “Collaborative Overload.”

 

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Person Human Male Man Forest Males Face Grim

Once upon a time, there was an enlightened organizational leader who spoke candidly about his upcoming retirement. “I am afraid about the next phase of my life” he would say, continuing “I’m not sure what my life is or will be without my job, without my career. How will I spend my time? How will I face the fact that I am replaceable, that the world can and will go on without me? How will I derive a sense of identity, power, agency and meaning once I am retired?” He would even add, “I married my spouse for better or for worse, for richer or for poorer, but not for lunch. How are we going to spend all that time together?”

 

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working laptop

I’ve worked on my fair share of products that didn’t quite make it. The process for coming up with ideas for them was always the same: Sit at home, think of things people might willingly pay for, choose one, and run with it. Unsurprisingly, this formula didn’t work, and even though I learned something new with each attempt, I can hardly say it was worth my time or money.

Then something surprising happened: I built a successful product without planning to—through a side project I'd taken on a little reluctantly. In retrospect, it's clear to me why my intentional, sit-down-and-brainstorm approach was less successful than this accidental one.

 

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brain

Daydreaming. Horsing around. Aimless wandering. A sudden, traumatic loss. So many things that seem to conjure an automatic, negative connotation can actually have an interesting—indeed, often positive—impact on our creativity. In fact, the further you dig into the inner workings of the creative side of our minds, the more surprises you’re likely to uncover.

Paging through Wired to Create: Unraveling the Mysteries of the Creative Mind by Scott Barry Kaufman and Carolyn Gregoire, the pattern is hard to miss. While much about the mechanics of human creativity is obvious—meditation, for instance, has long been known to boost a number of cognitive functions—much of it is downright counterintuitive.

 

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leader

The Grateful Dead, Jimi Hendrix and U2 aren’t the only ones who can fill up the iconic Red Rocks Amphitheatre in Colorado. If every person that Beth Steinberg has helped hire took a seat at the venue, about 500 people would be left standing. They’d hail everywhere from fashion retailer Nordstrom to gaming giant Electronic Arts, from solar provider Sunrun to social network Facebook. Any talent leader knows how astoundingly hard hiring can be — until they execute a layoff, which Steinberg has had to do at least once at nearly every company she’s worked. If you think hiring 10,000 people over a career sounds daunting, try laying off 2,000 of them.

 

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Mike Freeman

Despite a dip in the number of start-ups founded last year, San Diego remains a good place for innovation, powered by diverse technology clusters and a continued healthy flow of federal research dollars.

That’s the gist of the 2015 San Diego Innovation Report released Thursday by local start-up accelerator Connect. It takes the pulse of the region’s innovation economy, including funding, new startups founded and jobs created.

 

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NewImage

Knowledge@Wharton: I’ve never interviewed somebody that has described herself in this manner or as part of the title of a book.

Phyllis Korrki: It’s pretty out there. Honest subtitle, isn’t it? The book itself is a very meta book. It’s a book about creative projects, and my creative project is this book.

K@W: What things did you learn about yourself in the process of doing this book?

Korrki: The idea for it came when I was writing a column in my job at the Times about deadlines. I said in the column, which was also kind of a meta column, that the only reason that I finished it was because I had a deadline, I was accountable to my coworkers, and I would have endangered my reputation if I hadn’t finished it. I thought to myself, how do we give that same sense of urgency to our own personal creative projects that no one else is asking for? I explore that in the book.

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

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Underwater Reefs Green Island Taiwan Taitung

Richard Vevers has traveled the globe to photograph coral reefs since quitting his advertising job. In 2011 he cofounded the XL Catlin Seaview Survey, a collaboration between the University of Queensland and a number of research institutions, photographing underwater corals as they adapt to climate change. He captured the Great Barrier Reef during its latest—and most devastating—mass die-off, and documented how coral off the coast of Belize had partially recovered thanks to a no-fishing zone.

 

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CARB-X Logo

SOUTH SAN FRANCISCO--(BUSINESS WIRE)--California Life Sciences Institute (CLSI) today announced the appointment of Heather Shane to build and lead the CLSI CARB-X accelerator, which will provide non-dilutive funding, business support and subject matter expertise to companies with innovative antibiotic product candidates. The Combating Antibiotic-Resistant Bacteria Biopharmaceutical Accelerator (CARB-X) is the world’s largest public-private partnership focused on tackling one of the greatest modern threats to public health — antibiotic resistance. CARB-X will commit $50 million during the first year, and at least $350 million over five years, toward preclinical research and development with the aim of accelerating antibiotic product development over the next 25 years. CLSI is the non-profit partner of the California Life Sciences Association (CLSA), and supports the foundations of innovation – workforce development, STEM education and entrepreneurship – that have made California home to the world’s most prominent life sciences ecosystem.

 

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