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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.

TNewImagehe 6th Annual BioHealth Capital Region (BHCR) Forum like many events in 2020, went virtual this year with over 1,110 online registrants and 59 speakers coming together. The Forum, which has been held at AstraZeneca (Formerly MedImmune) since 2014 in Gaithersburg, MD, brought together the BioHealth Industry with a full slate featuring leaders of industry, academia, and government. The common message throughout the entire agenda was how this region has continued to operate and innovate while working to help the world solve the COVID-19 Pandemic.

 

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ROCKVILLE, MARYLAND, October 20, 2020 – The Board of Directors of BioHealth Innovation, Inc. (BHI) unanimously approved the appointments of three new board members, Sally Allain, Head of JLABS @ Washington, DC, Joseph F. Sanchez, PhD,  Director, Science Engagement, R&D North America, AstraZeneca, and Robert Silverman, Chief Business Officer, Alloy Therapeutics, Inc. BHI’s leadership also thanked outgoing Board of Director member Tracey Vetterick, formally of AstraZeneca for her contributions to the organization and support of many years.

 

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Montgomery County Executive Marc Elrich joins BioTalk to discuss his Career Path, the BioHealth Industry and plans to support the Industry in MoCo.

Listen now on Apple https://apple.co/37dYS5Z, Google https://bit.ly/2IC4eOp, Spotify https://spoti.fi/2IDpN11, TuneIn https://bit.ly/31cjHuZ, and YouTube (Audio) https://bit.ly/31bsiho.

Marc Elrich was elected as Montgomery County Executive on Nov. 6, 2018. He had previously served three terms (12 years) on the Montgomery County Council as an at-large member, being first elected in 2006. He served as a Councilmember on the Takoma Park City Council from 1987-2006. For 17 years, he was a teacher at Rolling Terrace Elementary School in Takoma Park.

 

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BARDA Director of the DRIVe Catalyst Office, Justin Yang, Joins BioTalk to share how BARDA collaborates with the BioHealth Industry, partners with Incubators, and helps fund innovation.

Listen now via Apple https://apple.co/3dqDyLH, Google https://bit.ly/3jZyeRU, Spotify https://spoti.fi/34YL9xg, and TuneIn https://bit.ly/3k1uM9x.

Justin Yang is the Director of the DRIVe Catalyst Office. Justin will be charged with leading a great team of restless innovators focusing on expanding the impact of the Accelerator Network, BARDA Ventures program, and accelerating commercialization of technologies for DRIVe and other BARDA programs. He has served as a representative for BARDA and developed the National Biodefense Strategy framework and responsible for bringing diagnostics, therapeutics, and vaccines to market.

 

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Questions

IWhen it comes to interviewing advice, there’s plenty to go around for hiring managers. We’ve certainly covered our fair share here on the Review — none more popular than last year's 40 Favorite Interview Questions from Some of the Sharpest Folks We Know.

Since we published this guide, it’s racked up hundreds of thousands of views and received tons of wonderfully-kind feedback, turning into something of a staple for interviewers prepping to dig in with a candidate. We were thrilled to see that getting folks to share their best interview questions — and crucially, why they ask it and what makes for a good answer — seemed to strike a chord. It confirmed our hunch that despite the wealth of content around crafting the right questions, there’s still a hunger for these resources to keep your hiring skills top-notch.

 

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whale tale

Sixty years ago a dozen nations, including arch-rivals the United States and the Soviet Union, agreed to preserve the Antarctic continent as a place of peace, research and conservation. Commercial exploitation of its resources and its animals was forbidden. Yet much of the ocean that surrounds the territory does not have the same protections.

This will be up for discussion during a virtual meeting of the Convention for the Conservation of Antarctic Marine Living Resources (CCAMLR) from 22-30 October. The Convention is meeting to discuss the region’s future and will decide whether or not it’s time to give some of the most biodiverse seas around Antarctica the same defenses as the land itself.

 

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trends - red finger spinner

When Fast Company first appeared in 1995 declaring that “Work is Personal,” the workplace looked vastly different than it does today. Many of the changes mirror the tech advances of the past two and a half decades  (Slack replaced email which replaced faxes, for example). But the real workplace evolution has been in making work more personal—for both better and worse.

Companies aren’t made up of robots (yet!); they are made of people. Some of the best changes over the past 25 years have been in recognizing employees’ humanity: from the rise of Diversity and Inclusion efforts, to efforts to reduce gender pay gap, to more flexible work, and the #MeToo movement.

 

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Whitebox's Baltimore team inside its Curtis Bay HQ.

When it comes to the economy as a whole, describing a slowdown is the norm as the COVID-19 pandemic continues. In venture capital, however, it’s picking up. VC investment dollars hit a seven-quarter high in the U.S. in the third quarter of 2020: A total of $36.5 billion was invested in U.S. tech and healthcare companies, according to data from the MoneyTree Report by PwC/CB Insights. That’s up 30% from the second quarter. The total number of deals rose to 1,461 investments in companies, up 1% over the prior quarter.

It’s the second straight quarter of growth, indicating that a slowdown toward the end of March as the pandemic set in didn’t become the norm.

Image: Whitebox's Baltimore team inside its Curtis Bay HQ. (Courtesy photo)

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One of the biggest misunderstandings of how entrepreneurship works is to assume recessions immediately spark new companies. They usually don’t. But this may be one more way 2020 is unlike no other.

The most important economic role that recessions play is to cull underperforming firms and industries. We do want workers to take the painful steps to transition out of dying sectors and into growth ones — though they likely need more support to get there. Though we do see big lumbering giants call it quits during economic downturns (like, say retail chains), recessions are particularly brutal to smaller firms.

The American economy is on a decades-long aging toward larger and older firms. Entrepreneurship has been declining for decades and recessions are typically unkind to the new and the small.

 

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Man in Black Jacket Using Laptop Computer Free Stock Photo

Industry 4.0, as a concept, has been around for almost 10 years now, but not much of it has seen the light. Many Industry 4.0 projects hover in the realm of "pilot purgatory," a Dantesque term that encapsulates the fate of most Industry 4.0 initiatives, 70% of which never make it out of proof of concept (POC) to be deployed in production.

 

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