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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.

Red and Brown Floral Stair Carpet Free Stock Photo

As companies try to ride out the severe economic impact of the Covid-19 pandemic, certain industries are more badly affected than others. In particular, the luxury sector is likely to take one of the worst hits. Sales for this year’s spring season are 70 percent lower than last year’s. Swiss watch industry exports are expected to decline by 25 percent this year, the biggest drop in half a century. The future of fine dining is also far from certain.  

 

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Lab Testing

Testing is considered critical to containing COVID-19, yet many countries have encountered diagnostic-supply shortages. Understanding where constraints lie could help efforts to scale testing.

The COVID-19 pandemic has emerged as one of the most significant humanitarian challenges in recent history, and testing is seen as one of the main components of efforts to contain the virus and mitigate its impact.

 

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Delaware Flag State Free vector graphic on Pixabay

Governor Carney recently signed into law certain amendments (the Amendments) to the Delaware General Corporation Law (the DGCL) that (i) clarify the powers of boards of directors in an emergency, (ii) enumerate the officers entitled to mandatory indemnification, (iii) confirm the ability of a corporation to execute and deliver documents and notices by electronic means, and (iv) facilitate both the conversion of for-profit Delaware corporations to public benefit corporations and the merger of Delaware corporations in connection with the creation of a holding company structure.

 

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money

The venture capital (VC) industry is responding to a landscape changed by the COVID-19 crisis.

According to a new report from alternative investment fund advisory Phoenix American, changes were underway pre-pandemic, noting the stalling of deal and exit flow in 2019 as VC firms became increasingly concerned about the late stage economic cycle.

 

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More women are top VC decision makers but parity is a long way off Axios

There has been a sizable increase in the percentage of female decision-makers at U.S. venture capital firms, albeit nothing near parity, according to an Axios analysis.

By the numbers: Nearly 12.4% of decision-makers at U.S. venture capital firms are women, up from 9.65% in a similar study conducted in February 2019.

Image: Illustration: Aïda Amer/Axios

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Venture Capital Smaller VC firms see good returns from startup bets Technology News ETtech

WaterBridge Ventures, Omidyar Network and Whiteboard Capital are among a clutch of smaller venture capital (VC) firms that are set to either clock profitable cash exits or have witnessed significant up-rounds, or uptick in valuations, across some of their portfolio companies, multiple people in the know of developments have said.

This comes at a time when the broader venture capital industry has sharply trimmed investments amid the economic crisis induced by the Covid-19 pandemic.

Image: Illustration: Rahul Awasthi

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NewImage

Driven entrepreneurs and savvy startup leaders participated in the recent “Fueling an Innovation Ecosystem for Startups to Thrive” webinar that featured prominent connectors and innovators from the BioHealth Capital Region (BHCR). The virtual event was sponsored by WorkForce Genetics and covered a wide range of topics including the pandemic, critical regional resources for startups, advice for approaching investors and a list of the biggest mistakes made by entrepreneurs when seeking funding.

 

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NewImage

The immediate impact of the COVID-19 pandemic and economic shock are the focus of plenty of societal problem-solving efforts right now. In the long-term, however, climate change remains a vexing challenge that’s not going away.

The environmental imperatives of reducing emissions and creating clean energy options offer an area where new technology can play a role in developing solutions that bring new processes and offer key monitoring.

Image: https://technical.ly/baltimore

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crowdfunding

Your prize money goes further when it’s distributed among a larger group of winners.

As organisations take their first halting steps towards recovery in this global crisis, they may find that the innovative ideas or capacities they most need aren’t available in-house. They will need to look outward for help from partners and other stakeholders – including their customers and fans. Crowdsourcing competitions may be especially worth considering as part of an open innovation toolkit. By widening the pool of contributors well beyond the focal firm, crowdsourcing compensates for any limitations or biases that may constrain the firm’s innovative vision.

 

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NewImage

Contrary to popular opinion, viral marketing has not eliminated the need for old-fashioned lead generation to bring customers to a startup. Indeed, while the rules and technologies for lead generation have changed, Forrester and other experts still see it as the most effective way for businesses with limited budgets to maximize their return on marketing investment (ROMI).

Image: https://blog.startupprofessionals.com

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Blue and Yellow Graph on Stock Market Monitor Free Stock Photo

A fund launched in 2012 by the biotech venture capital firm Flagship Pioneering is on track to return its investors’ money nine times over.

That’s the eyebrow-raising return multiple for Flagship Ventures Fund IV — the highest recorded return multiple in a new STAT report that took a deep dive into returns data for more than a dozen of the country’s top biotech venture capital firms. The data includes return multiples, like Flagship’s 9x figure, for more than 15 funds, which represent both the value of its existing investments as well as the cash the fund has already returned to investors.

 

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apple logo

As of Monday morning’s open on Wall Street, Apple — the listed US company that’s attracted the largest valuation of them all — had a market capitalisation of US$1.7-trillion.

In rand terms, and at the time of writing, that’s R28.5-trillion. South Africa’s nominal 2019 GDP was $358.8-billion, or R6-trillion. On that basis, Apple’s market value is 4.8 times the value of all the goods and services produced (the definition of gross domestic product) in South Africa in 2019.

 

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