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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.

sweden

In Sweden there’s a constitutional right they call allemansrätten. It’s a national concept of “freedom to roam” that allows anyone the right to access, walk, cycle, or camp on any land (the only exceptions being private residences, as well as gardens and lands under cultivation). To get the rest of the world to try it out, they just listed the entire country on Airbnb.

 

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Radio Shack

As a new business advisor, I am no longer surprised that every new entrepreneur believes the hard part is creating the first product and the business. Perhaps luckily, they have no idea that scaling the business and maintaining vitality as a mature business is even harder. What most often kills a company is the illusion (or delusion) that all is now stable and everyone can relax.

The challenge is to retain the same sense of urgency, energy, commitment, and readiness in a mature company that you felt during the startup stage. The importance and reality of this need has been detailed well in a new book I just finished, “State of Readiness,” by Joseph F. Paris, Jr. He is a recognized thought leader on the subject of operational excellence and strategy.

 

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float

Starting a business is always a risk, but not all sectors are created equal. Take one glance at recent retail sales figures or analyst reports, for example, and you’ll see plenty of fire, brimstone and collapses.

Just this week research firm IBISWorld blamed fierce competition and the emergence of online players for the collapse of local brands including Pumpkin Patch, Payless Shoes and Marcs and David Lawrence, saying shoppers now have too much choice for even formerly strong operations to survive.

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google

We’ve all been frustrated when talking to a computer. Maybe it can’t understand what you’re saying. Maybe it hears you, but doesn’t understand what you mean. Or maybe it’s just a tedious chat with a cloying personality with whom you’d never choose to associate in real life.

 

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patent

The U.S. patent system is not in a good place today. Patents are worth substantially less than they were a decade ago, patents are much easier to challenge thanks to the high kill rate of the Patent Trial and Appeal Board (PTAB), and some of America’s most innovative industries face questions as to whether their core innovations can be protected at all in the United States. Inventions in the life sciences sector and software have been hardest hit, and while many of those inventions are not protectable in the United States they can be patented in China, Europe, Canada, Australia and elsewhere.

 

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pea pod

Pseudoscientific claims that music helps plants grow have been made for decades, despite evidence that is shaky at best. Yet new research suggests some flora may be capable of sensing sounds, such as the gurgle of water through a pipe or the buzzing of insects.

In a recent study, Monica Gagliano, an evolutionary biologist at the University of Western Australia, and her colleagues placed pea seedlings in pots shaped like an upside-down Y. One arm of each pot was placed in either a tray of water or a coiled plastic tube through which water flowed; the other arm had only soil.

 

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google

Trust me, I never thought it would come to this. If you had asked me a week ago what I was expecting from Google's I/O developer conference, "boring" is not the word that would've come to mind.

Yet, looking at this year's announcements, I'm struck most by how completely expected and, well, safe it all is. Sure, Google Lens was far and away the best thing Google previewed here, and a standalone VR headset is particularly enticing if you're a VR enthusiast (so far a pretty small, self-selecting group).

 

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question

We study how a new form of entrepreneurial finance—crowdfunding—interacts with more traditional financing sources, such as venture capital (VC) and bank financing. We model a multi-stage bargaining game, with a moral-hazard problem between entrepreneurs and banks, and a double-sided moral-hazard problem between entrepreneurs and VCs. We decompose the economic value of crowdfunding into cash gains or losses, costs of bad investments avoided, and project-payoff probability update. This economic value is generally shared between entrepreneurs and VC investors, benefiting both. In addition, crowdfunding can alleviate the under-investment problem due to moral-hazard frictions. Furthermore, crowdfunding allows some projects to gain access to both VC and bank financing and the competition between those investor classes benefits entrepreneurs. However, competition from other investors reduces value to VC investors, who may walk away from the deal entirely. This can also hurt entrepreneurs who lose out on valuable VC expertise.

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NewImage

Not so long ago, training to meet the press and television reporters was a realm reserved for top business executives only. Now, even the earliest stage startup can rise to visibility or be forever lost by their first media spotlight, so it behooves us all to know the rules early. Most entrepreneurs I know admit to a poor first media interaction, and many are still waiting for the instant replay.

On the social media side, the stakes are just as great. Ask Eric Migicovsky, founder of Pebble, who raised over $10 million on the Kickstarter crowd-funding platform for his relatively low-tech wristwatch with programmed clock faces. Kickstarter may take a bit of the credit for this, but they admit the majority of projects without media attention don’t even approach their funding goals.

Image: http://blog.startupprofessionals.com 

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