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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.

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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Usa Flag Florida

South Florida’s colleges and universities have made the leap into experiential entrepreneurship education, with training and programs that go beyond the classroom, beyond the business plan contests, beyond the E-clubs. Yes, there are still clubs and contests, and entrepreneurship classes have multiplied too, but on today’s campuses, startups, growing small businesses and entrepreneur wannabes can even base their companies on campus, drawing support from fellow entrepreneurs, university resources and a South Florida mentorship community at large.

 

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Montreal City Building Cityscape Downtown Skyline

Canada’s venture capital scene has seen an explosive $2.5 billion in activity in the first nine months 2016 according to a new report from Thomson Reuters, which they say is the best result the country’s startups have seen in 15 years. These numbers already top $2.3 billion in all of 2015 according to a report by CVCA (Canadian Venture Capital and Private Equity Association).

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Glass Water Ice Cubes Drink Cold Drip Mirroring

We’re all familiar with the maxim that we need to drink eight eight-ounce glasses of water a day for optimal hydration and health. Not only do bottled water companies love to tout this, so does everyone from your doctor to your fitness instructor to your mom. One small study from the University of Connecticut revealed that drinking eight or more glasses of water a day promotes good mental health. Another from the University of East London revealed that it made participants up to 14% more more productive. Still other studies claim that proper hydration led to better overall cognitive function.

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austrailia

A lack of collaboration between academia and business is one of the key issues holding back the nation’s innovation, science and research system, according to Innovation and Science Australia chairman Bill Ferris.

Ahead of the public release of ISA’s audit of Australia’s existing innovation systems that will be provided to federal government next month, Mr Ferris revealed the 20 findings in the audit would focus on three circles of activity: knowledge creation, knowledge transfer and commercialisation.

 

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Women Teamwork Team Business People Office

Black and Latino entrepreneurs are struggling for capital access. Companies with all-white founders receive a higher median investment from venture capitalists, according to  research from CB Insights. In Silicon Valley, 83% of teams getting seed and Series A money are all white. CB Insights found that a mere 1% of seed and Series-A funding nationally went to black founders. On the upside, there are a growing number of venture funds intended to help entrepreneurs of colors better access capital, including Intel Capital Diversity Fund, Comcast Ventures Catalyst Fund, and Groundwork.

 

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new york city

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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Man Silhouette Shaking Hands Contract

Three months ago, Anthony Pompliano launched Full Tilt Capital with one mission: to build the best early stage fund in the world. 

So far, he can at least claim to be one of the busiest funds. 

Pompliano and his cofounder, Jason Williams, have completed 22 deals in 90 days, a frenetic pace that's unusual in the world of venture capital investing.

 

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Tie Necktie Adjust Adjusting Man Business

There is an unwritten rule in business that once a company goes public, the original founders must be ousted. The myth: entrepreneurs are great for getting a company started, but not so great when Wall Street is looking over their shoulder. Part of this thinking is that founders of companies are mavericks, passionate doers with a vision, nontraditional in their approach to management and outspoken – the kind of rabble rousing that makes investors uneasy. (What is rabble rousing anyway?)

 

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