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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.

MAP What s the most common language in every state Business Insider

Martin Luther King Jr. Day is coming up on Monday, and America is getting ready to celebrate his mission of resistance to injustice and the creation of an America that is truly inclusive, welcoming, and fair to all who live here.

One of the ways America shows its diverse culture is in the sheer number of languages spoken by the country's people. This map shows which languages other than English and Spanish are the most common in each state and Washington, DC.

Image: https://www.businessinsider.com

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The fastest shrinking countries in the world declining populations Business Insider

A new report from the Financial Times says that Italy is facing a demographic crisis caused by low birth rates and decreased migration. But Italy is not alone in its struggles with a shrinking population.

According to the Financial Times, Italy's birth rate has fallen to 1.32 children per women, far below the 2.1 children needed to maintain a stable population over time. The article cites experts arguing that young Italians lack confidence in the future economic direction of the country, and are forgoing childbirth out of concerns that they won't be able to have the resources needed to raise kids.

Image: Italy's population is projected to fall 10% in the next three decades. Associated Press

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Puzzle Money Business Free photo on Pixabay

I talked yesterday about how VCs are just tired these days. Too many deals, too little time per deal, and constant hyper-competition with other VCs for the same equity.

One founder friend of mine noted to me last night that he has already received inbound requests from more than 90 investors over the past year about his next round — and he’s not even (presumably) fundraising. “I may have missed a few,” he deadpans — and really, how could one not?

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NewImage

Why me?

I have spent the last 20 years as a serial CEO of multiple healthcare startups, as well as spending the last 3 years as a corporate/strategic venture capitalist. I have made many mistakes and gotten lucky on more than a few occasions. What I hope to accomplish in this blog is simple: educate and, on a good day, entertain. There are many that are much, much more successful than me (nearly everyone in Silicon Valley!). There are some that are worse (also in Silicon Valley...e.g. Elizabeth Holmes re: Theranos). I am not from Silicon Valley. If you have questions, comments, or suggestions (future topics), please feel free to reach out to me.

Image: https://www.linkedin.com

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NewImage

The big deal about the just-completed J.P. Morgan (JPM) 38th Healthcare Conference had little to do with big M&A deals, because there weren’t any. This time last year, the $74-billion Bristol-Myers Squibb acquisition of Celgene was announced, as was Eli Lilly’s takeover of Loxo Oncology for $8 billion.

There were no such blockbusters this year, though there was an interesting potentially up-to-$2 billion-plus collaboration: MorphoSys outlicensed ex-U.S. commercialization rights to its anti-CD19 Fc-engineered antibody tafasitamab to Incyte, with the companies agreeing to co-commercialize the B cell malignancy candidate Stateside.

Image: A dearth of deals, Illumina’s double launches, and the usual crowds marked the 38th J.P. Morgan 38th Conference. - https://www.genengnews.com

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Idea Innovation Business Free photo on Pixabay

When Daria Mochly-Rosen discovered a compound in her lab that promised to lessen the effects of heart attacks, she set out to convince pharmaceutical companies to develop it.

She couldn’t.

So the professor of chemistry and systems biology at Stanford University’s School of Medicine took a leave of absence and started her own company to further test and potentially commercialize the drug.

 

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boardroom

When was the last time you analyzed how much you should pay your board members? How do you know if you are paying too much or not enough? In this article we examine the results of our most recent research that highlights how much board members should receive in compensation.

Business size, industry, structure, complexity, the number of yearly meetings are just a number of variables you have to consider when setting your board remuneration programs. Private companies tend to struggle with board compensation because it is difficult to find accurate benchmarks for director pay.

 

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idea

The light bulb above your head is glowing so bright that it's threatening to blind everyone around you. But what should you do with your great invention ideas? Before you start blabbing about your invention to the wrong person or run to the first company that offers to buy it, you need to do one thing: protect it.

 

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Indianapolis Indiana City Free photo on Pixabay

There have been some big changes for me. We relocated from New York to Indianapolis, where I’m doing consulting work for the Indy Chamber. I’m no longer full time with the Manhattan Institute but am still a contributing editor at City Journal and still have multiple projects in the works there. I’ll continue to write for other publications too, as with my recent Atlantic piece on J. Irwin Miller and Columbus, Indiana. More on my move below.

 

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City Man Person Free photo on Pixabay

As a small business owner, one has to adapt to the changes in the surrounding environment much quicker compared with the bigger and more established companies. The great idea you got last year may not be so great anymore or maybe it can become even greater due to the changes in the surrounding environment. Changes in the political landscape, economic and social changes may boost or kill your great idea. On top of that, we have constantly emerging technologies, global issues such as cultural conflicts and global warming that directly or indirectly influence any business ecosystem anywhere in the world.

 

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NewImage

One of the biggest myths in the business world is that startups are no place for Baby Boomers, that aging generation born between 1945 and 1964. They couldn’t possibly understand the new social media culture, new technologies, or have the determination to beat their younger counterparts in the market. Yet credible reports on current trends tell us just the opposite.

Image: https://blog.startupprofessionals.com/

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