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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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In the heart of Montgomery County, Maryland’s premier biotech district there is a 42,000 SF facility with 17,000 SF vacant lab/office suite located at 9900 Medical Center Drive. The newly delivered and available lab space was designed to foster collaboration and learning with an open layout, a welcoming courtyard and an inside common area that is shared with other local tenants. 

Collaboration and learning are exactly what was happening on a Wednesday evening in December as nearly 100 biotech professionals, entrepreneurs and leaders from across the BioHealth Capital Region’s (BHCR) gathered for a ‘CEO Talks’ panel to hear from four CxO’s who are leading the regions most exciting biotech companies.

Hosted by Alexandria Real Estate (ARE) and CBRE, the event was moderated by BioHealth Innovation, Inc. (BHI) Founder, President, and CEO, Rich Bendis. As a renowned innovator, investor and regional ecosystem builder, Bendis has played a part in the success stories for many founders and knows what it takes for a biotech startup to become successful.

Image: https://biobuzz.io

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Chuck Morton, Partner, Venable, LLP, joins BioTalk host Rich Bendis to discuss the local entrepreneurial and business ecosystem, regionalism, and the BioHealth Capital Region

Chuck Morton is co-chair of Venable's Corporate Group. Chuck is recognized for his abilities in guiding financing, mergers and acquisitions (M&A), and other transactions involving middle-market companies. Chuck assists lenders, investors, and entrepreneurs as they create, build, and buy or sell businesses, primarily in the healthcare, technology, and consumer products industries. He regularly acts on behalf of private equity groups and banks. Chuck currently serves as the Secretary on the BioHealth Innovation Board of Directors.

 

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Greg Satell

For the past few decades, agility in the technology sector has largely meant moving faster and faster down a predetermined path; innovation has largely been driven by our ability to cram more transistors onto a silicon wafer. With every new generation of chips came new possibilities and new applications. The firms that developed those applications the fastest won.

 

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It's been nearly a decade since Bill Gates launched his personal blog, a place to share his thoughts on health, education and, above all, his favorite books. In leaving 2019 behind and welcoming in the new decade, the Microsoft co-founder released his annual roundup of what to read and gift at year-end. Gates deemed five books "solid choices to help wrap up your 2019 or start 2020 on a good note, and they span from a deep-dive into the human sleep cycle to a one-volume history of the United States. 

Image: Image credit: Gates Notes LLC

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chicago

It's no news that Chicago (and Illinois) are losing population. But what doesn't get much attention is who is being lost:

The nation’s top high-tech talent.

That makes Chicago's population loss all that more significant. Because these high-tech innovators are job creator.

The bad news was found in a Brookings  study as reported in the New York Times and the Wall Street Journal. The study hailed the five biggest gainers, but then threw in the five biggest losers, of  which Chicago was the worst.

 

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With the advent and popularity of crowdfunding platforms, including Kickstarter and IndieGoGo, as a winning alternative for funding your new venture, I find that many aspiring entrepreneurs are confused about the need to ever seek a professional angel investor. I think it’s great to have more options, but I still see each one having a place, so don’t be too quick to limit your alternatives.

 

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The Pyramids of Giza, the only wonder of the ancient world to remain standing, is intrinsic to the Egyptian psyche. It is not only a source of pride and revenue thanks to the millions of tourists who flock to the site every year, but a symbol of Egypt’s historical ingenuity and innovative capability.

Now, the country’s startup ecosystem is looking to reposition this wonder to serve as a backdrop for future innovation, and it began with Pitch by the Pyramids, a multi-stage pitching event that saw 15 startups from across the Middle East and North Africa (Mena) hoping to secure investment.

Image: Image courtesy of RiseUp

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merger

December 09, 2019 - Healthcare venture capital investments continue to drive mergers and acquisitions (M&A) in the industry despite a shortage of common ground between CEOs and investors, a new survey finds.  

The US healthcare market saw a 14.4 percent increase in mergers and acquisition activity from 2017 to 2018, data from PricewaterhouseCoopers revealed. In total, there were 1,182 M&A deals in 2018, and M&A activity has remained firm in 2019, with deal volume exceeding 250 deals in the first three quarters.

 

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podcast

Shoppers who ventured into stores on Black Friday, November 29, may have noticed significantly less frenzy than in previous years, when the traditional start of the holiday retail season made headlines for stampeding crowds racing in for doorbusters and desperate parents fighting over the last Tickle Me Elmo toy.

 

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team

Since leaving his post as Credit Karma’s Chief Product Officer this past summer, Nikhyl Singhal has kept busy. Apart from time spent weighing options for his next adventure (and a much-needed Alaskan cruise vacation with his family), he’s been advising folks at every end of the startup spectrum, from scrappy early-stage founders to heads of product at some of the biggest unicorns.

 

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