Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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.

Scott Shane

A new venture capital fund unveiled in Youngstown is designed to act as a conduit for connecting coastal and Silicon Valley investors with angels to fund the development of Midwestern startups.

The $2.25 million Comeback Capital Fund was publicly announced and touted during a press event at the Youngstown Business Incubator on Oct. 16 led by U.S. Reps. Tim Ryan, D-Youngstown, and Ro Khanna, D-California.

 

Read more ...

NewImage

What is the definition of traction for a business startup today? According to most investors I know, traction is some clear evidence that the “dogs are eating the dog food” – usually meaning that you have at least one customer paying full price for your solution. If your phone app or service is free, then the number of users or downloads better be impressive and growing exponentially.

Image: https://blog.startupprofessionals.com

Read more ...

NewImage

Pharma hasn’t traditionally been known as a sector that welcomed innovation from the outside. But now companies are putting “not invented here” bias aside as they seek to widen their aperture for innovation.

This month saw the launch of two open innovation initiatives by drugmakers. Novartis opened the first of a series of planned innovation labs, this one in San Francisco, as part of a larger project to collaborate with startups and tech companies to fuel innovation. Novo Nordisk kicked off an innovation challenge, asking startups to create digital tools to help manage diabetes.

Image: Novartis is opening a series of innovation labs, starting in San Francisco, as part of a project called Biome that’s designed to foster open innovation. Above, winners of a recent innovation challenge the drugmaker sponsored received membership in Biome. Photo courtesy Novartis.

Read more ...

coffee

Traditional top-down business models based on knowledge dominance and mass-market approaches are under pressure from more open, collaborative models that directly and continuously involve customers. In a fast-moving global economy where customers are more digitally connected, informed and empowered than ever before, the co-creation model works best for organisational success, according to the new book, The Seven Principles of Complete Co-Creation.

Authors Stefanie Jansen and Maarten Pieters are co-founders of TheCreators, a consultancy specialising in co-creation. Stefanie was earlier at market research firm IPM KidWise, and Maarten is Head of Co-Creation and People Insight for the Design and User Experience Department at Philips Lighting.

 

Read more ...

NewImage

Venture capital is the window to the innovation economy, but investment is increasingly centralised, with a handful of funds accounting for the bulk of investment, a panel of experts said at the Fiduciary Investors Symposium at Stanford University.

Venture capital also represents an investment opportunity outside the highs and lows of the market, they told delegates.

“Innovation happens all the time, no matter what markets are doing,” said Todd Ruppert, Chair of the INSEAD Endowment and venture partner Greenspring Associates. “Today is a golden era in venture capital.”

Image: https://www.top1000funds.com/

Read more ...

city

America is becoming less mobile than in the past, but there are some major metropolitan areas --- and areas within them --- that have fewer people move in and out than others. US households tend to live longer in their present residences where population growth has been more modest. The data also indicates that across all major metropolitan areas, households tend to have lived longer in suburbs and exurbs than in the urban core.

The Census Bureau’s American Community Survey (ACS) reports on the length of time that residents have been living at their current address. This article describes the length of residence tenure data, focusing principally on the 53 metropolitan areas with more than 1,000,000 residents. This includes the latest data (for 2017) at the metropolitan area level as well as the latest data at the small area level using the City Sector Model (Figure 12). This permits examination of length of residential tenure within major metropolitan areas.

 

Read more ...

NewImage

Certain seeds, like chia and flax, tend to hog the nutritional spotlight. But the less-trendy sunflower seed has plenty of qualities worth highlighting. Here are the health benefits of sunflowers seeds, according to dietitians.

Are sunflower seeds healthy? Sunflower seeds are rich in nutrients. One serving of shelled sunflower seeds is usually an ounce, which is about 1/4 cup or 4 tablespoons (one to two thumb-sized portions.) They’re particularly high in healthy fat: A serving delivers 14 grams of fat with a mix of monounsaturated and polyunsaturated fats.

Image: http://time.com

Read more ...

working tired

Getting stuff done and being more productive as a small business owner doesn’t have to be complicated. And when a change requires little effort, it’s easier to stick with than one that requires a lot of preparation or special tools. In fact, you’ll find that some of these productivity-boosters are simple enough to try as soon as you’re finished reading this, and their effectiveness is backed by science. So here are seven simple tricks to becoming more productive – starting now.

 

Read more ...

dna test

The age of consumer genomics has arrived. Nowadays you can send a vial of your spit in the mail and pay to see how your unique genetic code relates to all manner of human activity—from sports to certain diets to skin cream to a preference for fine wines, even to dating.The most widespread and popular companies in this market analyze ancestry, and the biggest of these are 23andMe and AncestryDNA, both with more than five million users in their databases. These numbers dwarf the numbers of human genomes in scientific databases. Genetic genealogy is big business, and has gone mainstream. But how accurate are these tests—truly?

 

Read more ...

NewImage

If you’ve ever played with a carbon footprint calculator and plugged in your flight history, you’ve seen how a trip just an hour or two away ballooned your total impact on the environment.

All that jet fuel takes a toll, but electric planes may swoop in and help — one day. Instead of those 176 pounds of carbon emissions for one measly roundtrip flight from San Francisco to Los Angeles, an emissions-free aircraft could fly that same distance. 

Image: Ampaire plans to retrofit a six-passenger plane, called TailWind. This rendering shows the plane high above the clouds. AMPAIRE

Read more ...