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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.

AllBusiness

The coronavirus pandemic is broadly affecting businesses globally, but it is affecting startups particularly hard. In this article, I have gathered some key advice to startups from leading venture capitalists and others connected to the venture industry.

1. Cash Runway Is Paramount “We suggest you question every assumption about your business, including (cash runway). Do you really have as much runway as you think? Could you withstand a few poor quarters if the economy sputters? Have you made contingency plans? Where could you trim expenses without fundamentally hurting the business?” —Sequoia Capital

 

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Person in White Crew Neck T shirt Holding Bar Soap Free Stock Photo

Three months into this pandemic, scientists are coming to understand the novel coronavirus. They know, for example, that as horrible as this virus is, it is not the worst, most apocalyptic virus imaginable. Covid-19, the disease caused by the virus, is not as contagious as measles, and although it is very dangerous, it is not as likely to kill an infected person as, say, Ebola.

Image: https://www.washingtonpost.com

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Coronavirus glossary Key terms around the pandemic Los Angeles Times

In the third week of February, as the covid-19 epidemic was still flaring in China, I arrived in Kolkata, India. I woke up to a sweltering morning—the black kites outside my hotel room were circling upward, lifted by the warming currents of air—and I went to visit a shrine to the goddess Shitala. Her name means “the cool one”; as the myth has it, she arose from the cold ashes of a sacrificial fire. The heat that she is supposed to diffuse is not just the fury of summer that hits the city in mid-June but also the inner heat of inflammation. She is meant to protect children from smallpox, heal the pain of those who contract it, and dampen the fury of a pox epidemic.

 

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Meadow Away Panorama Mountain Free image on Pixabay

With the coronavirus pandemic tightening rules and restrictions around the world, it’s natural for entrepreneurs and businesses to see a growing concern rise with respect to surviving this market. Indeed, it’s safe to say that it will get challenging over the next couple of months until we resolve the issue at hand. During these rough times, it is vital to take some time and understand the financial position of your business, and plan for multiple possible scenarios expected. If you are worried about the outcome of this slowdown, there are some financial moves you can make to protect your position. Here’s how:

 

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money

A number of venture capital firms said they’re still open for business, in spite of the Covid-19 pandemic. But deal-making has slowed substantially, as companies weigh what will be needed to survive the coming months. How you invest in the midst of a health crisis that has left a third of the U.S. population stuck at home, and with many businesses struggling?

 

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Black Office Rolling Chair Beside White Wooden Table Free Stock Photo

The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. This article is intended to provide business leaders with a perspective on the evolving situation and implications for their companies. The outbreak is moving quickly, and some of the perspectives in this article may fall rapidly out of date. This article reflects our perspective as of March 25, 2020. We will update it regularly as the outbreak evolves.

 

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Johns Hopkins doctor identifies 5 major conditions for relaxing social distancing Fox News

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Dr. Thomas Inglesby, director of the Johns Hopkins Center for Health Security, warned that the U.S. is "still at the beginning" of the coronavirus outbreak, and outlined five conditions that must be met before the country should consider relaxing social distancing practices.

Inglesby noted that a lot of the necessary information remains unknown, which makes it "hard to predict" a date for this, but pointed to the need for greater resources for medical professionals and signs of fewer cases in at least part of the country as necessary factors before life starts to go back to normal.

Image: https://www.foxnews.com

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NewImage

The United States has just reached an unwanted milestone in the coronavirus pandemic: with more than 85,000 positive diagnoses, it now has more confirmed cases of Covid-19 than any other country. Although more people have died from the disease in other countries—Italy has now registered more than 8,000 fatalities, compared with 1,301 in the US—the world's third-largest country is now officially the source of the world’s largest outbreak. 

Image: https://www.technologyreview.com

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Working from Home

As COVID-19 has forced a large percentage of the global workforce to work and/or lead from home, many are interfacing with a new work system that has actually been one of the fastest growing trends in business.

Join Bryan & Shannon Miles, Co-Founders of BELAY, who lead the nation’s most prolific all-remote (virtual) company as they speak with Entrepreneur's Editorial Director Dan Bova about practical, actionable, how-to tips on working/leading from home that apply to business leaders and company owners of of all sizes and industries.

 

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Lab Testing

Empty classrooms are a defining feature of the coronavirus crisis on college campuses. Empty research labs are another.

Many major research universities have halted all but essential research in what amounts to an unprecedented stoppage of academic science in modern memory. Among the universities that have shut down all nonessential research operations are Harvard, Johns Hopkins and Yale Universities, as well as the Universities of Michigan and Pennsylvania, among others.

 

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NewImage

Jenny Spinner is reworking assignments for the journalism seminar she’s suddenly teaching online. She’s grappling with how to use media coverage of the coronavirus pandemic as a learning opportunity without asking students to follow it so closely that it harms their mental health. And because Spinner also runs her department’s internship program, she’s advising students whose work experiences have been upended.

Image: Tracie Van Auken for The Chronicle Jenny Spinner, a professor at Saint Joseph’s U., works with her son Finnian McGahey, a first-grader, on a spelling lesson outside her home, in Drexel Hill, Pa.

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NewImage

On March 11 the World Health Organization officially designated the novel coronavirus outbreak a pandemic. Defined as the worldwide spread of a new disease, such a declaration is the first to be made since the 2009 H1N1 swine flu. As of this writing, there have been approximately 336,000 confirmed cases of the new disease, called COVID-19, resulting in more than 14,600 deaths worldwide.

Image: https://en.wikipedia.org/wiki/Pandemic#/media/File:1918FluVictimsStLouis.jpg

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