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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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There are many things – aspects, virtues, expectations, goals – that define an entrepreneur. But there’s hardly a concise list that puts into context aspects that should not define an entrepreneur. In this article, we’ll explore and expand upon nine such facets. Money

An entrepreneur should not be defined by his or her bank balance. Presence or lack of money has come to dominate the psyche of every individual. An entrepreneur is a carrier of a dream, a vision. He or she often carries a solution within them that can help bring about vital transformations in a world that’s unfit to live in, in its present state. A bold, iconoclastic, and pure vision is beyond the value that any amount of paper or plastic can attribute to it.


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(EDMONTON May 24, 2017) Fourteen regional municipalities have voted to create a new organization to promote the Edmonton Metropolitan Region to the world.

Each member of the Capital Region Board had the opportunity to decide to become a shareholder in the new entity. The City of Leduc was first to indicate its participation May 11, joined quickly by Strathcona County, Parkland County and Bon Accord.

Ten other members have voted to become shareholders in the new entity since, most at council meetings this week: Beaumont, Devon, Edmonton, Fort Saskatchewan, Leduc County, Morinville, Spruce Grove, St. Albert, Stony Plain, and Sturgeon County. Gibbons will vote tonight.


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Right now, the patent lobby—in the form of the Intellectual Property Owners Association and the American Intellectual Property Law Association—is demanding “stronger” patent laws. They want to undo Alice v. CLS Bank and return us to a world where “do it on a computer” ideas are eligible for a patent. This would help lawyers file more patent applications and patent litigation. But there’s no evidence that such laws would benefit the public or innovation at all.


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Just as new technologies have disrupted the enterprise and created the roles of Chief Technology and Chief Information Officer, the C-suite is poised for continued expansion this year with the rise of the Chief Innovation Officer.

Companies such as IBM and Fujitsu are already leading the charge with innovation roles dedicated to bringing new ideas to life and changing the way people work, create, and communicate. These will be the adoptive leaders of new technologies and processes, enhancing innovation with internal, and external, teams and partners.


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dquestionAt UMSL Accelerate, the entrepreneurship platform at the University of Missouri-St. Louis, a culture of service is central to its mission. One of its key components is promoting innovation through relevant co-curricular and interdisciplinary opportunities, with the belief that it is important for students to have both in-class and out-of-class educational opportunities. The program’s Entrepreneur in Residence (EIR) program is responding to just that.


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For the past decade, which translates into two to five product cycles for most industries, broad-based innovation has been on the decline. The research of Dr. Robert Cooper, the creator of Stage-Gate, indicates that companies typically spent almost 60% of R&D funds on New-to-the-World, New-to-the-Market, and New Product Lines. The remaining 40% went to Additions to Existing Product Lines and Improvements to Existing Products. These figures are now inverted. Most companies now focus on extending the life of existing products and assets, and they will until GDP clearly outpaces inflation again. There are now indications that top-line pressures may lessen in a year. Let’s get a jump on likely good news by revisiting the alternatives companies have to spur innovation.


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Raleigh-Durham, USA (ECONOMYNEXT) – A little-known American grant programme for research has been critical for the success of startup technology companies, some of which, like chip maker Qualcomm and cyber security firm Symantec Corp., are now multinationals.

The United States federal Small Business Innovation Research (SBIR) programme emerged out of concerns about U.S. competitiveness in the late 1970s, especially in the face of competition from Japanese exports, particularly in electronics.


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Every year, KMPG and Advance take a handful of high-performing Australian start-ups on a tour of the United States, and this year Pam Wayfinding was lucky to be among the chosen few.

Six Australian start-ups were taken on a tour of Silicon Valley, Los Angeles and New York. For 10 days we pitched and re-pitched our ideas to some of America’s most successful (and intimidating) investors.

Image: Stephen Minning with Stephen Robinson -

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If you’re just starting out, the business world can be a maelstrom of confusion. This is especially true if you’re looking for advice.

It seems like everybody is shouting for attention, and you have to sift through all the so-called gurus (or even worse, “ninjas”) peddling their latest lame ebook. This stuff is rarely helpful, and it often exists just to make money for self-professed experts. In a nutshell, we’re inundated with junk, and it can be hard at first to tell the difference between hard-won knowledge and half-baked horseplay.


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Britain’s biotech sector boasts the strongest new drug pipeline in Europe but industry leaders say it needs continued access to global talent, funding and regulatory clarity to thrive in the future – all of which could be jeopardised by Brexit.

A new report yesterday (22 May) showed the United Kingdom was well ahead of rivals like Germany, France and Switzerland in terms of the number of experimental drugs in clinical development at early-stage biotech firms.

Image: Biotech-produced drugs are becoming more and more popular. (Brainco Social Media/Flickr)

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Men are from Mars, women are from Venus – countless books, TV shows and films have run off of that idea, but there is truth when it comes to the physiological differences between the male and female brain. In general terms, there are things women do better (multitask, understand situations, empathy) and things men do better (focus, analyze, deliver solutions). These aren’t just stereotypes, they relate to the way the human brain is built – and when it comes to business in 2017, this natural difference may be the key to purpose-driven innovation in established industries. Understanding how to leverage both typically male and female behaviors will be the path to modern leadership norms and success in a tech-led world.


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Ninety percent of businesses in the United States are family owned. Some of the biggest brands in America were family founded and are controlled by a family.

Walmart and Berkshire Hathaway are two of the largest examples.

While family-run businesses can be close-knit, friendly, successful and inspiring, they are not without their challenges. One challenge of family leadership is becoming stuck in the same old ways of doing things (because of family pressure) even when the company is growing.


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