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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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If you have an idea that could help make a change in the world and the only reason you haven't worked on it is because you don't have any support, Pooja Warier and Richard Alderson may have a solution for you. Warier and Alderson are Co-Founders of UnLtd India. "Sometimes, the people that don't have anything have the best ideas and can do a lot of good work," Warier says. "The only thing stopping them is a lack of access to funds and support. That's where we come in."

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Here is the most interesting fact about the economy that you’ve never heard: Without health spending, the rest of the economy is barely producing more than it did in late 2007, just before the start of the Great Recession. We’ve spent five and a half years struggling to get back where we were, and many industries are hardly making it.

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"The Infographic History of the World" is a U.K. book that uses some artfully arrayed data to chronicle our collective past--everything from Roman armies to top-selling albums. The book’s editor, Craig Adams, sheds some light on how the project came about.

Infographics exist at the intersection of data, design, and storytelling. Mostly, though, they’re used in small doses to illustrate disparate concepts; much more rarely are they grouped in themes to serve a larger narrative. However, it’s exactly this imbalance that The Infographic History of the World is poised to start tipping.

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IN GRAPHIC DETAIL, THIS NEW TIMELINE SHOWS JUST WHO’S MAKING A MISTAKE IN THINKING THOSE WHO DESIGN BUILDINGS CAN DO NO WRONG.

Frank Lloyd Wright famously observed that "A doctor can bury his mistakes, but an architect can only advise his clients to plant vines.” And that was long before the Internet stripped strategically placed foliage from its already limited power to cover tracks. Wright’s black witticism aside, an architect’s mistakes could prove far more consequential than matters of landscaping. After all, if a building fails and collapses, that can cost lives.

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As ecommerce picks up, certain interesting trends start to form that shows how startups are adapting to their individual markets. This is most prominent in specific emerging markets where the current impressive growth rates leave much room for developments in the future. Almost each country or region has its own set of advantages and disadvantages. Here are some I thought were worth noting.

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Next time you take a taxi in New York City, there may be a new way to pay your fare. Instead of handing over cash, swiping a credit card, or—if you’re one of the few with a capable smartphone—tapping your handset on a near-field communication (NFC) reader, you could be able to settle up by pressing a button on a smartphone app that communicates using sound.

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Punit Dhillon built his career arranging Canadian venture capital funding for life sciences research and running companies that performed clinical trials in Canada.

Yet when he co-founded a company to develop cancer treatments two years ago, the president and chief executive officer of San Diego-based OncoSec Medical Inc. found he had no option but to operate solely in the United States.

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High Tech Rochester, the business accelerator that for years has helped local startups and early-stage companies grow, has found a location in Rochester for its new and expanded headquarters.

Jim Senall, president of HTR, now located in Henrietta, told the Finger Lakes Regional Economic Development Council this week that a 100,000-square-foot site on Alexander Street has been identified as the new headquarters. The new location is meant to allow the expansion of HTR into a regional incubator with ties to other counties in the region.

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No matter how ambitious you are and how much you want to succeed, weekends are that sacred time when you get to leave your business alone and spend time relaxing and enjoying yourself. The trouble is as an entrepreneur it is difficult to just shut off from work. Unlike many employees who can turn off their work mind along with their computer on a Friday evening, instead your mind is still on your business.

If you do have trouble unwinding over the weekend then here are some tips to making the most of these two days that will also help your business succeed:

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Earlier this week, the idea of internships was hotly debated, following the death of 21-year-old Moritz Erhardt, a German college student and summer intern with Bank of America. Moritz was found dead in his shower just weeks before the end of his internship and many of his friends and coworkers blame his death on the extreme working hours placed upon interns.

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For app developers, there is some easy money from outsourcing gigs or from folks at Microsoft or BlackBerry eager to get developers on their side. But then, if you are in it for the big deal, venture capital is something to look at. This money doesn’t come easy. In this two part series, we are trying to share some investor perspective around the app ecosystem in India. Alok Mittal, the Managing Director of Canaan Partners which invests in early stage companies sheds light on how he sees the space through an investors eyes. “What will swing my investment interest is not the fact that there is an app, but what the underlying service is,” said Mittal. Edited Excerpts.

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Colleges need to demonstrate the value of their product with hard numbers, an increasingly popular maxim holds, or lawmakers will try to do it for them. That prediction is now truer than ever, as the nation’s highest elected official has joined state policymakers in pushing performance-based funding for higher education. The sweeping, ambitious proposal President Obama unveiled Thursday seeks to tie all federal financial aid programs to a rating system of colleges on affordability, student completion rates and the earnings of graduates.

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For those of you who have students preparing to go to, or currently attending college, the costs probably are daunting. The cost of a year in college runs right around $23.000/year. This is unaffordable for many, and painful for all but the most wealthy. Luckily, there are many things a parent and student can do to mitigate the costs of college. Most of these are well known options, including summer and school year jobs, financial aid, attending public vs. private institutions, using community college as a launching point for a four year college, joining the military and using GI Bill benefits.

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Entrepreneurial ecosystems spur important advancements in communities, including job creation, better neighborhoods and greater collaboration among businesses, artists, inventors, educational facilities and investors.

From Hoboken to San Francisco—and even in “fly-over” cities such as Boulder, Cincinnati, Kansas City and Omaha—entrepreneurship and “maker culture” are changing the face of business and the shape of cities in significant ways not seen since the Industrial Revolution.

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While entrepreneurs have tended to first enter the job market to gain experience and then apply it to their own businesses, aspiring entrepreneurs in Abu Dhabi are saving years or even decades of their lives by gaining expertise in entrepreneurial programs and diving straight into the business world. Interest in entrepreneurship is at an all-time high due to the job market’s diminished appetite for fresh graduates and the rise of Abu Dhabi as a lucrative hotspot for investors.

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I remember the evening my wife broke the bad news to me. The conversation had been spinning out of control -- I just hadn't seen it. I desperately wanted things to be different. I wanted to believe that what I was experiencing wasn't true 

And then she said those six words that changed everything:

"He's just not that into you."

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I was surprised to see a recent study by Ross Levine and Yona Rubinstein (Cal Berkley and London School of Economics) that demonstrated entrepreneurship pays better than working for a large company. Not because I don’t believe it to be true, but because prior studies were constructed so poorly as to come to the opposite conclusion.

These prior studies defined an entrepreneur as one who was self-employed. Not surprisingly, self-employed included a large number of people who were structurally unemployable, had lifestyle businesses, were full time students/part time chore runners or otherwise not meeting the definition which readers of this blog are likely to have about an entrepreneur (for definitions see Everyone’s Entrepreneur).

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The 3rd annual Wharton Founders’ Retreat met on August 18 at the newly renovated Benjamin’s Desk, a co-working space at 1701 Walnut. Organized by the Penn Founders’ Club, the invite-only event welcomed 65 newly admitted MBA students from the class of 2015, as well as selected 2nd year MBA students to lead the breakout groups and staff from various departments of Penn and Drexel.

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