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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.

Medical worker with a petrie dish

Over the past nine months, more than $7 billion in federal funding has poured into the BioHealth Capital Region aimed at the battle against COVID-19 and has shown a spotlight on the broad impact biopharma life science companies and academic institutions are making in the fight against the pandemic.

“The moons are aligned over the BioHealth Capital Region right now and people are beginning to see how important the region is in helping to address the research development and manufacturing needs to address this dreaded disease,” said Richard Bendis, president and chief executive officer of BioHealth Innovation.

 

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Image by Vanessa Branchi

If some of the many thousands of human volunteers needed to test coronavirus vaccines could have been replaced by digital replicas—one of this year's Top 10 Emerging Technologies—COVID-19 vaccines might have been developed even faster, saving untold lives. Soon virtual clinical trials could be a reality for testing new vaccines and therapies. Other technologies on the list could reduce greenhouse gas emissions by electrifying air travel and enabling sunlight to directly power the production of industrial chemicals. With “spatial” computing, the digital and physical worlds will be integrated in ways that go beyond the feats of virtual reality. And ultrasensitive sensors that exploit quantum processes will set the stage for such applications as wearable brain scanners and vehicles that can see around corners.

Image: Credit: Vanessa Branchi - https://www.scientificamerican.com

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Cover image of the Milken 2020 report.

The State Technology and Science Index (STSI) provides a benchmark for evaluating the knowledge economies of all 50 US states. The index compares each state’s capacity for achieving prosperity through scientific discovery and technological innovation, by performing a cross-sectional analysis of their rankings on key indicators using the latest available data from US federal government and private-sector sources.

The index is a composite of five sub-indexes, which cover a diverse range of topics: research and development (R&D) inputs, risk capital and entrepreneurial infrastructure, human capital investment, technology and science workforce, and technology concentration and dynamism. By comparing how states rank in these areas, the index assesses their capacities for generating new scientific ideas, as well as for commercializing technologies that contribute to firm expansion, high-skills job creation, and broad-based economic growth.

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Open sign with a store as the backdrop.

Melissa Mazzeo began her career with the goal of making a big impact on the world. Her first professional role was at a global public health organization, which took her to Uganda, among other areas in need. Later, she went to Yale University for an MBA and master’s in environmental management. At that point, she was resolved to do something bold for a business student at an elite institution; she wanted to take over her mom’s small business.

 

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Theather sign in downtown chicago.

The Chicago Metropolitan Agency for Planning (CMAP) recently released “Improving local development incentives. Effective practices for local governments in northeastern Illinois.” This new guidebook offers a set of principles and strategies to improve the use of development incentives in the Chicago region.

The guide’s four key principles are:

  1. Equity – supporting development in disinvested communities, providing equitable access to amenities and employment, and keeping incentives from contributing further to inequitable outcomes;
  2. Performance-driven use – establishing clear goals and performance measures and recognizing that incentives are just one among many community tools for development;
  3. Pursuit of regional benefits – avoiding race-to-the bottom competitions among neighbors that do little to improve the region and are costly at the local level;
  4. Transparency – publishing clear incentive policies, sharing agreement details, and conducting evaluations.

Ten strategies address goal setting, public accountability, and judicious and targeted use of incentives. The strategies also recommend assessment of economic benefits related to racial and economic equity, regional gains/losses, and local employment that go beyond the narrow fiscal impact metrics that often drive local incentive offers. 

 

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AIowa State University LogoMES, Iowa (November 10, 2020) – The Office of Economic Development and Industry Relations announced today the Iowa State University Pappajohn Center for Entrepreneurship was named one of five finalists in the Outstanding Contributions to Venture Creation award category by the Global Consortium of Entrepreneurship Centers (GCEC) – the worldwide premier academic association of entrepreneurship educators. The award is given to honor a center that creatively supports the process of launching and accelerating university affiliated startups through competitions, incubators, accelerators, or other programs.

“We are so proud to be selected among other top entrepreneurship programs with this recognition,” said ISU Pappajohn Center Director Judi Eyles. “Iowa State truly enlists a cross-disciplinary approach, with all seven colleges across campus participating in our robust and comprehensive entrepreneurship ecosystem in an effort to support the university’s mission to create, share, and apply knowledge to make Iowa and the world a better place. Collectively, innovation and entrepreneurship is a top priority at Iowa State, and we couldn’t be happier to be recognized for the work being done to cultivate, support, launch and accelerate our university-affiliated startups.”

 

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NewImage

NC State has long been known for its work with the private sector — making it simple for our partners to access cutting-edge research and engage with top-notch student talent, while enriching the core mission of the university.

NC State lands at fourth among all U.S. universities for share of research supported by industry, according to the latest study from the Information Technology and Innovation Foundation. And we’re often recognized as a top source for new recruits, ranking in the top 20 in alumni hired by Silicon Valley’s biggest employers.

Image: https://news.ncsu.edu/

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The road to becoming an entrepreneur is a journey, and it’s not a short trip. In my efforts of assist aspiring business owners like you, I find that too many see it as a short sprint to get over that one hurdle, like finding that innovative idea, or attracting an investor. In reality, I find that there are multiple stages to the process, each requiring a unique mindset and focused effort along the way.

Image: https://blog.startupprofessionals.com

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Barda Ventures logos

BARDA today announced a new type of public-private partnership, BARDA Ventures , that will realize authorities granted in the 21st Century Cures Act to utilize venture capital (VC) methods and practices. This will be the first time HHS has utilized VC practices to make investments. As part of the new program, BARDA is soliciting proposals for an existing nonprofit partner to manage an investment fund that will support breakthrough technologies and create entirely new approaches to enhance U.S. preparedness and response to 21st century health security threats, including COVID-19 and future pandemics.

Over the past 14 years, BARDA has created strong and impactful public-private partnerships with companies large and small in the life sciences, biotech and pharmaceutical industries. BARDA now is extending this approach to include partnerships with the private investment community.

 

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Accenture Logo

Accenture has launched a new immersive engagement and investment program targeting emerging technology software startups to help fill strategic innovation gaps for the Global 2000. Called Project Spotlight, the exclusive Accenture Ventures program represents a new approach to engaging with the global software startup community.

“Project Spotlight has had a profoundly positive impact in enabling SkyHive to achieve its mission of advancing economic prosperity and inclusion through the use of exponential technology”

Beyond making capital investments, Project Spotlight will offer unprecedented access to Accenture’s technology domain expertise and its enterprise clients. Startups will co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively. Created by six-time Silicon Valley entrepreneur and CEO, Tom Lounibos, Project Spotlight seeks to transform the transactional nature of venture capital into an immersive engagement model.

 

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BioNTech Logo

BioNTech, the German biotech which announced an apparent vaccine to coronavirus on Monday, is a classic European startup story: created by Turkish immigrants, funded by US and Asian investors and listed on the Nasdaq.

Along with pharma giant Pfizer, BioNTech is the first drug maker to show successful results from clinical trials of a coronavirus vaccine. Trials on thousands of volunteers found no serious safety concerns, meaning the companies will seek emergency use authorisation for the vaccine in the US later this month. 

 

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coronavirus

Well just to lighten the mood I have just seen on my BBC news app that the Oxford University? Astra Zenaca group have just announced that they have tested 43,500 people from here and abroad and they are claiming that it prevents 90% of people getting Covid. They also announced there was no safety issues with this vaccine. Could this help life to start to get back to normal, they say they are approaching the government to start rolling it out next month, lets just hope this is the light at the end of a very dark tunnel.

 

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