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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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Innovation is routinely hailed as the foundation of America’s economic success. From the internal combustion engine to the assembly line to the semiconductor and beyond, new tools and techniques have historically propelled productivity gains and boosted GDP growth. When it comes to the financial markets, though, the record is spottier.

 

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Wolf Launches PA Business One Stop Shop to Support Entrepreneurship

Harrisburg, PA – Today, Governor Tom Wolf launched the new PA Business One-Stop Shop to serve as a sole source to guide entrepreneurs and small businesses through all stages of development, from planning and startup to operation and expansion.

“I know first-hand how difficult it can be as a business owner to navigate through the complex web of processes, requirements, and resources that are needed to successfully run a business,” Governor Wolf said. “That’s why I tasked my administration to come together across agencies to simplify the process so entrepreneurs can get back to doing what they do best – creating, innovating, and succeeding in Pennsylvania.”

Image: https://www.governor.pa.gov

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As your business startup begins to grow, it may be time to create a board of directors to oversee the legal and financial decisions your company makes now and into the future. The selection of these members is crucial to the success of your business and needs to accurately reflect the vision and goals of your organization.

Image: https://www.forbes.com

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As the Cofounder and CEO of WayUp, I’ve had the opportunity to speak with thousands of college students and hundreds of business leaders about what it takes to jumpstart a successful career. Through these conversations (and through my own experiences), I’ve learned just how valuable one’s time in college is, and how students should capitalize on it to best prepare themselves for the “real world.”

 

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Since 2005, Y Combinator has been assisting entrepreneurs with the earliest stages of turning a raw idea into something useful. The Mountain View, California-based accelerator makes a modest seed investment (now typically $120,000) in return for a small stake (7%) in a brand new company. More important, it offers a three-month Bay Area experience in which batches of founders receive advice from YC partners, outside guests, and fellow members of the batch; get assistance with essentials such as presentation skills and incorporation paperwork; and have the opportunity to pitch investors during a Demo Day.

Image: https://www.fastcompany.com

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The United States has long been viewed as a leader, especially in the innovation space. Through a system that values ambition, hard work and entrepreneurial spirit, this country has seen incredible technological advances and productivity.

However, as reported on Jan. 22 by Bloomberg, the United States has fallen out of the list of top 10 innovative economies for the first time. 

 

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Issues like curbs on patent eligibility, compulsory licensing need to be addressed: Global Innovation Policy Centre’s V-P NEW DELHI, FEBRUARY 7

Patrick Kilbride, Vice-President, International, Global Innovation Policy Center at the US Chamber of Commerce, said the National IPR Policy should have addressed the concerns of American firms on Section 3 (d) of the Indian Patent Act and the issue of compulsory licensing. On the eve of the launch of its annual IP index, Kilbride told BusinessLine that the IP regime in India is getting better gradually. Last year, India ranked 43rd out of 45 countries in the GIPC index.

Image: PATRICK KILBRIDE, Vice-President, International, Global Innovation Policy Center at the US Chamber of Commerce YZ - http://www.thehindubusinessline.com

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When we at the Katzenbach Center ask a client’s employees what it is that makes them proud to work there, we often marvel at how consistent the answers are  throughout an organization, regardless of level, function, or team. These cultural anchors aren’t always immediately obvious to outsiders, but if you take a bit of time to speak with individuals within an organization, you will begin to uncover them.

 

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Background

This report analyzes the terms of 190 venture financings closed in the fourth quarter of 2017 by companies headquartered in Silicon Valley.

Overview of Results

Valuation Results Remain Strong

Valuation results continued to be strong in Q4 2017, but the percentage price increases declined moderately compared to the prior quarter, following three consecutive quarters of increases. Up rounds exceeded down rounds 70% to 19%, with 11% flat in Q4 2017, a decrease from Q3 when up rounds exceeded down rounds 79% to 10%, with 11% flat. This was the lowest percentage of up rounds since Q4 2016 and the highest percentage of down rounds since Q2 2013.

 

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After SpaceX successfully blasted its Falcon Heavy mega-rocket into outer space today, two of the rocket's three boosters turned around, plummeted through the atmosphere, and landed back on Earth.

SpaceX later revealed that the third booster didn't land on its done ship in the Atlantic Ocean as expected. Instead it crashed into the ocean at about 300 miles per hour, according to SpaceX founder Elon Musk. 

Image: https://mashable.com - SPACEX

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As athletes from around the globe converge on Pyeongchang, South Korea, for the 2018 Winter Olympics, they must steel themselves for winds that will whip in from the Manchurian Plain and Siberia and fan icy temperatures that are likely to drop to around 7 degrees Fahrenheit. Meteorologists say this year’s games will likely be the coldest Olympics since Lillehammer, Norway, in 1994—a year when the opening ceremony was so frigid organizers had to cancel plans to release doves because they worried the birds would suffer.

Image: These Ralph Lauren jackets were designed so that Team USA could keep warm at the opening ceremonies of the 2018 Winter Olympics. Credit: Ralph Lauren

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Samar Minallah Khan, the feminist Pakistani anthropologist and filmmaker, was enraged. Local tribal leaders were trading little girls as compensation for their male family members’ crimes.

These leaders, responsible for settling legal disputes in their villages, act as local judges. A longstanding practice was to address major crimes by “compensating” a harmed family with a daughter of the family doing the harm. The guilty father or uncle was then considered “free” and the village was told this issue was “resolved.”

 

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