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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.

An electric aircraft made by Archer Aviation, which thanks to a SPAC is going public with a valuation of $2.7 billion.
PHOTO: ARCHER AVIATION/REUTERS

California aerospace startup Archer Aviation Inc. has a multibillion-dollar vision of flying people around town in autonomous electric helicopter-like vehicles. It doesn’t have revenue or a vehicle ready for passengers, but that hasn’t slowed the three-year-old company.

Image: An electric aircraft made by Archer Aviation, which thanks to a SPAC is going public with a valuation of $2.7 billion. PHOTO: ARCHER AVIATION/REUTERS

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Question mark on white background.

A little over 40 years ago, in the waning days of his presidency, Jimmy Carter signed the 1980 Bayh-Dole Act launching a transformation in the pursuit and purpose of science in the United States. Before 1980, federally funded science was largely focused on meeting the Cold War defence needs of a nation in a science and technology race with the Soviet Union.

 

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Covid 19 infections

2021 got off to a grim pandemic start in the U.S. A huge surge in COVID-19 cases followed the holiday season, peaking at around 300,000 new cases on Jan. 8, 2020. More than 20,000 Americans lost their lives to the virus in a single week in January alone and over 146,00 in total have died since the start of the year. But six weeks later, the picture looks more promising. New daily cases have fallen sharply, daily deaths have fallen to levels not seen since Thanksgiving, and the pace of vaccine roll-out is speeding up.

 

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Georgetown University ranks second among the nation’s colleges and universities in graduating women who go on to lead venture capital firms, according to a report published by the investment company Different Funds. 

The April 2019 report, which was included in a recent MSB press release, compares the backgrounds of general partners at emerging venture capital firms. The report finds close to 4.5% of female general partners are graduates from Georgetown, ranking second behind Harvard University with close to 5% of general partners. The report featured graduates from over 100 different universities with undergraduate programs. 

Image: https://thehoya.com

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data sciencist

As any family doctor can tell you, the greatest potential for improving health care isn’t discovering new treatments for disease, it’s getting patients to do the things we already know work—exercising, quitting smoking, eating right, and taking medications regularly. Despite astounding success in highly technical areas such as immunotherapy, genome editing, and surgical robotics, medicine has been unable to solve the most basic challenge of helping patients make good decisions for themselves. This challenge lies at the heart of the nation’s most pervasive health problems: diabetes, obesity, cardiovascular disease, depression, chronic pain, and many cancers.

 

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globe

According to a recently published report by the British venture capital firm, Atomico, European tech companies raised investments totaling a projected $41 billion in 2020. That makes 2020 a record year for European tech despite the pandemic and all the economic hardship it has caused. Last year alone, the value of European tech companies rose by 46%.

 

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The internet has created an abundance of information and entertainment, and it’s great.

But we don’t yet have perfect ways to find movies, books, music, information and activities that we might like — and especially those that push us out of our comfort zones.

Cracking the best ways to discover new things in our online abundance is a technology challenge — but also a human one. It requires us to want to expose ourselves to ideas and entertainment that don’t necessarily fit with our status quo.

Image: https://www.nytimes.com - Ard Su

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TPresident Joe Biden looks over his notes as he walks through the Rose Garden of the White House Monday, Feb. 8, 2021, en route to the Residence. (Official White House Photo by Adam Schultz)he most powerful lever President Joe Biden can pull to catalyze entrepreneurship in the U.S. is immigration reform.

That’s according to two experts from the venture capital community who spoke at a virtual discussion co-hosted by GeekWire and Lane Powell about the Biden administration and the entrepreneurial ecosystem.

Image: President Joe Biden looks over his notes as he walks through the Rose Garden of the White House Monday, Feb. 8, 2021, en route to the Residence. (Official White House Photo by Adam Schultz)

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money.. person holding money.

The National Institutes of Health (NIH) small business programs, which include the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs, are the largest source of early stage capital for life sciences startups in the United States.  The grant money helps startups accelerate their discoveries and put their discoveries into clinical trials.  The grants awarded are just that, a grant and not a loan; there is no requirement to pay back the money. The NIH grants $1.2 billion dollars every year in the combined SBIR and STTR programs.

 

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