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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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Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. A question I get from time to time is “Can I ever expect any backing from my bank for a great opportunity?” The short answer is that some banks will help, if you do your homework.

 

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Scientist Working in Laboratory Free Stock Photo

It was the Chinese philosopher Sun Tzu, and not Al Pacino in The Godfather Part 2, who first said, “Keep your friends close, and your enemies closer.” Yin Weidong, the CEO of Chinese biotech firm SinoVac, seems to have taken that advice to heart.

On the desk in his office in Beijing are two plastic models of a virus—each blue core surrounded by red protein spikes. From the time it started spreading in the central Chinese city of Wuhan in late December, containing that virus has occupied virtually every waking moment for the scientist.

 

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The Harvard Business Review (HBR) has provided thought-provoking content since 1922. Whether business leaders are interested in optimizing their organizational structure or instituting programs to retain key employees, the HBR provides insights from experts in their fields. In order to achieve success in the emerging biotech industry, biotech leaders must be able to communicate their vision for this entirely new way of producing goods and cures. These top five HBR articles are must-reads that will shape future biotech leaders as they attain the core competencies they will require.

Image: https://www.americangene.com

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EXCLUSIVE A Personal Interview with Rita Colwell in Advance of Her Book A Lab of One s Own

Rita Colwell is perhaps best known for her research on the pathogenic bacterium Vibrio cholerae. But the designation of pioneer is a label befitting Colwell for far-reaching contributions to many other areas, including her decades-long fight against sexism in a male-dominated field.

Colwell’s unique perspective on sexism in science is now able to be explored in her book, A Lab of One’s Own: One Woman’s Personal Journey Through Sexism in Science, which will be released on August 4th.

Image: Portrait of Rita Colwell, PhD, in her laboratory for the Maryland Pathogen Research Institute in the Department of Cell Biology & Molecular Genetics. John T. Consoli/University of Maryland TERP, Spring 2013. - https://www.genengnews.com

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Woman in Green Top Pouring Coffee in a White Mug Free Stock Photo

Chronic sleep deprivation is common in the workplace. About 25% of U.S. adults reportedly suffer from insomnia, and a similar number report regular patterns of excessive sleepiness. Unsurprisingly, sleep disturbances increase the risk of cancer, depression, and heart problems. They also decrease productivity. Meta-analytic studies show that sleep deprivation is a strong inhibitor of workplace performance, primarily by deteriorating mood and affect. Lack of sleep leads to detriments in job performance, productivity, career progression and satisfaction, and an increase in job-related accidents, absenteeism, and counterproductive work behaviors. Conversely, better sleep has been linked to improved memory, knowledge acquisition, and learning. Even short naps have been found to have significant positive effects on work performance.

 

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Red and White Signage Free Stock Photo

In this new environment of reduced tax revenues, impacts on incentives must be considered.

While the country battles the coronavirus, state and local governments will be squeezed financially — just like so many businesses and households. Economic development organizations will have to respond by carefully managing — and better justifying — their incentive and financing programs. Concurrently, it must be recognized that this is an unprecedented economic upheaval, and incentives that were created for another economic era will need to be retooled to meet today’s most pressing business and community needs. Bottom line: We can expect to see near-term shifts in incentive policy.

 

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Johns Hopkins University Creates Program To Teach Kids The Science Behind The Coronavirus CBS Baltimore

BALTIMORE (WJZ) — A new online curriculum from Johns Hopkins University aims to teach kids the science and biology of COVID-19 to help them learn how to stop the spread of the virus.

Johns Hopkins pulmonary physician Dr. Panagis Galiatsatos developed the curriculum after getting calls from Baltimore teachers who were struggling to help students understand everything that’s going on with the coronavirus.

Image: https://baltimore.cbslocal.com

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Here s why now is a better time than ever to explore entrepreneurship Financial Post

Are you a first-time entrepreneur or know someone who’s about to make that move? I’ve been one and helped dozens of others as well. There are “things to know” at the start of your journey that are often discovered too late in the process. These insights from the trenches of entrepreneurship can make or break your venture. So, put yourself “in the know” and get familiar with these prerequisites for success — even if this isn’t your first rodeo.

 

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Canada is looking for innovators to grow the ocean economy in a way that has never been done before.

Launching its second Canada-wide Call for Proposals for its Accelerated Ocean Solutions Program (AOSP), Canada’s Ocean Supercluster (OSC) is offering up hundreds of thousands of dollars to innovators looking to develop new technologies for projects that can be completed in less than two years.

“We had an incredible response to our first Call for Proposals under the accelerated program in May that saw an influx of new OSC members and some very exciting new projects that we look forward to announcing in the fall,” said OSC CEO Kendra MacDonald.

Image: https://seawestnews.com

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boardroom

A new survey provides a snapshot of corporate boards’ resilience to challenges and risks posed by the pandemic.

A crucial role of any board is risk management. This responsibility includes setting the appropriate risk level, monitoring management’s actions against that benchmark, scanning the horizon for potential problems and helping management deal with potentially value-destroying events when they occur.

 

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