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More than $600,000 raised for Broward College student venture fund

“A venture fund for Broward College student-entrepreneurs to start businesses has surpassed its fundraising goal, reaching $600,000, according to an announcement on Tuesday” writes Marcia Heroux Pounds for sun-sentinel.com. President Emeritus Student Venture Fund, after the former Broward College president, the seed capital fund founded earlier this year had a fundraising goal of $500,000.The fund is managed by Broward College’s new support organization, BCEduventures, as well as the Innovation Hub.Companies that are selected to be part of the fund’s portfolio will be provided needed capital after the completion of an…

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Crypto News 

Central Bank Innovation Will Mainly Hinge on…

“Governments and central banks have very tough decisions to make” writes Jp Buntinx for livebitcoinnews.com. Whether or not central banks will see things in the same light, is impossible to gauge.Should central banks revert back to the gold standard?. For most central banks, two available paths have emerged.Both gold and Bitcoin have their merits, value, and appeal. Source: livebitcoinnews.com Share This:

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The founder of a beloved productivity app thinks the startup model is broken — here’s how he’s trying to keep the tech industry from ‘making the same 10,000 mistakes over and over again’

“But there are other problems with the startup model, Libin said” writes Troy Wolverton for businessinsider.com. If you ask Phil Libin, the tech industry doesn’t do a very good job these days at promoting innovation.”We’re indifferent toward companies,” Libin said. Source: businessinsider.com Share This:

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The Right Way to Spend Your Innovation Budget

“Innovation needs to be considered in two ways: innovation capacity and innovation ability” reports hbr.org. Most innovation investments, such as product improvement, technological innovation, and research and development (R&D) traditionally aim at strengthening the innovation capacity of the organization.Yes, an organization requires a certain amount of innovation capacity, but there is no increased value creation through an increase in innovation capacity alone.But although the latter three spent relatively less on innovation, they spent their innovation budgets more wisely, choosing to invest in innovation ability rather than capacity.Their functionality was developed…

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The Biggest Obstacles to Innovation in Large Companies

“What are the most common barriers to innovation in large companies?” reports hbr.org. Interestingly, survey respondents said that their least significant was the “lack of CEO support”; just 10% of survey respondents said that it was constraining innovation at their company.It turns out that the word “innovation” is not a Harry Potter-esque magical incantation that, once spoken, renders companies more inventive, creative, and entrepreneurial. Source: hbr.org Share This:

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Facebook Has Been Kicked Out of China—Again

“Facebook finding its way into the country via an innovation hub was a surprise, to say the least” writes Don Reisinger for fortune.com. The facilitate would have been known as Facebook Technology and would have acted as an innovation hub and startup incubator for local companies.The world’s largest social network has lost its ability top operate an innovation hub in China just a day after it was allowed to do so. Source: fortune.com Share This:

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Markets News 

Facebook set up subsidiary in China with registered capital of $30M; when asked, it said they are interested in setting up an innovation hub to support startups

“It has also tentatively launched several apps for the Chinese market in recent months, including an AI drawing game and file management app” writes Min Read for reuters.com. BEIJING (Reuters) – Facebook has set up a subsidiary in China and plans to create an “innovation hub” to support local start-ups and developers, the social media company said on Tuesday, ramping up its presence in the restrictive market where its social media sites remain blocked. Source: reuters.com Share This:

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A VC who just raised $22 million to invest in startups reveals one thing you should never say to a female investor

“The duo is widening their impact with the new venture firm, Urban Innovation Fund, which closed a $22.5 million seed-stage fund in June” writes Melia Robinson for businessinsider.com. She and Julie Lein cofounded a venture capital firm, called Urban Innovation Fund, that puts money into startups building the future of cities.Brenner and Lein launched an accelerator program called Tumml that works with early-stage startups on urban innovation. Source: businessinsider.com Share This:

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Crypto News 

How Regulation Could Help Cryptocurrencies Grow

“And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country” reports hbr.org. Without clear regulations, cryptocurrency innovation in the United States is being stifled.Given the regulatory uncertainty, the United States also risks allowing fraudulent purveyors of cryptocurrencies to drive out the good.And the commonweal suffers, as other countries lure innovators away from the United States by creating rules that make their jurisdictions more hospitable to this growing asset class.But an emergent fourth asset class, cryptocurrencies,…

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Microsoft’s AI for Earth Innovation Grant gives data scientists access to AI tools

“Microsoft claims that in the past two years, the AI for Earth program has awarded more than 35 grants globally for access to its Azure platform and AI technologies” writes Kyle Wiggers for venturebeat.com. Microsoft and National Geographic are teaming up to support data scientists who are tackling the “world’s biggest challenges.” The two companies today announced the AI for Earth Innovation Grant program, a $1 million grant that’ll provide recipients financial assistance, access to AI tools and cloud services, and more to advance conservation research. Source: venturebeat.com Share This:

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