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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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A common misconception I often hear in the startup world is that non-profits are easy and safe, since they don’t have to pay taxes, and they don’t have to make a profit for their shareholders. In reality, from the feedback I get from non-profit executives, exactly the opposite is true.

Technically speaking, in the United States, a non-profit corporation or association is one which has been exempted from Federal income taxes by meeting the criteria set out Section 501(c) of the Internal Revenue Code, most notably religious, educational, and charitable entities like the Salvation Army. Other countries have similar exemptions for similar organizations.

Image: http://blog.startupprofessionals.com 

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Daring & Disruptive: Unleashing the Entrepreneur, by Lisa Messenger, is a mixture of several things. It is a memoir, a serial entrepreneur’s journey, an inspirational pep talk for aspiring entrepreneurs and an advice guide for the next generation of entrepreneurs who will face a disruptive and chaotic world. The key themes behind all of this are boldness and creativity, the two tools that Messenger believes will help every single entrepreneur conquer the obstacles they will inevitably face.

Image: https://smallbiztrends.com 

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Www aei org policy health policy

The National Institutes of Health (NIH) is by far the principal nonprofit funder of biomedical research in the United States. Consequently, when President Donald Trump’s fiscal year 2018 budget proposal included deep cuts in funding for the NIH, it sent shock waves through academic medical institutions that benefit from NIH research moneys. Although Congress is unlikely to accommodate this proposal, the suggested cuts raise the question of the role of government in medical innovation.

 

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austin texas

In just three decades, the Austin region has transformed from a sleepy university and state government town into a national driver of economic activity and innovation. We are a destination city for entrepreneurs, millennials and breakfast taco aficionados.

We have added more new jobs — 350,000 in 12 years — as a percentage of our labor market than any major U.S. metro. Per capita incomes improved dramatically. All year, we field delegations from around the country to learn how Austin does it and how they can too. 

 

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A review of the most recent US Census Bureau population estimates and components of population change indicates that US residents are overwhelmingly moving to the most suburban cities (metropolitan areas). We previously rated the 53 major metropolitan areas (over 1 million population) using the City Sector Model (see America’s Most Suburbanized Cities), which classifies small areas (zip codes) into five urban core and suburban categories based on factors such as density, transit use, and age of housing stock.(Figure 1). This article examines net domestic migration based on the extent of suburbanization identified in the previous article.

Image: http://www.newgeography.com

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plan

A business plan is at the heart of every business. But instead of just writing down your business plan, your startup’s business model will require proper validation before you start doing business. If you don’t validate it, the investor simply won’t invest. You can validate your business model through three core assumptions: delivering, creating and capturing value.

 

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Canada’s province of Ontario has been rapidly developing its infrastructure for world class biomedical research. In a place that birthed the discovery and isolation of insulin in 1921, the first external cardiac pacemaker in 1950, and the discovery of stem cells in 1961, Ontario has historically been ripe with biomedical innovation. Today, with 24 academic research hospitals and dedicated research institutes for cancer, neurology, genomics, and cardiovascular disease, Ontario pushes on the cutting edge of research. Given such an intense focus on basic and clinically-relevant research, the provincial government supports the need to translate findings into commercial biotech ventures to heal patients as quickly as possible.

Image: https://www.medgadget.com

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caution

I started my company a decade ago with my husband, a good friend, and my sister–who eventually quit. We’d grown from our scrappy team of four to an equally scrappy team of 14, but somewhere along the way my sister, whom I’d put in charge of content management, stopped feeling like it was a fit for her career.

I was hurt. It’s always hard when a key leader leaves–and it’s even harder when they’re someone you’re close to. Luckily, my sister and I remain best friends, but her departure was still a huge shock to our team.

 

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What if drinking water could be drawn from desert air easily, without requiring enormous amounts of electricity from a grid? What if a doctor could do a biopsy for a suspected cancer without a blade of any sort? What if we didn’t have to wait too long to find out? Technologies that make these visions a reality are expected to become increasingly commonplace in the next few years. This special report, compiled and produced in a collaboration between Scientific American and the World Economic Forum’s Expert Network, highlights 10 such emerging technologies.

Image: World Economic Forum

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money

On June 27, the ATM turns 50. Former U.S. Federal Reserve Chairman Paul Volcker once described it as the “only useful innovation in banking.” But today, the cash that ATMs dispense may be on the endangered list.

Cash is being displaced in so many ways that it’s hard to keep track. There are credit cards and electronic payments; apps such as Venmo, PayPal and Square Cash; mobile payments services; cryptocurrencies that operate outside the purview of central banks; and localized offerings such as Kenya’s mPesa, India’s Paytm and Bangladesh’s bKash. These innovations are encouraging cashlessness across communities worldwide.

 

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food

There are few experiences in life that contribute more to personal happiness than eating delicious food. Of course, a nation's happiness is not measured on food alone. However, with the release of the 2017 World Happiness Report, we decided to take a look at what people are eating in the countries ranking at the top of the list.

 

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Whether you’re a fan of Steve Jobs and his products or not, two things are undeniable: He was very successful and very different. Now you can relax; this short article will not provide a blow-by-blow account of the man and his methods. “What would Steve Jobs tell the pharma/biotech industry?” is just a metaphor to encourage our industry to radically change — not by reinventing the wheel, but by copying the success of others.

Image: https://www.pharmaceuticalonline.com

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