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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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President Trump’s budget cuts may reflect his campaign promise to lower federal spending, but it fails to recognize the need to maintain America’s competitive edge in technology and innovation. By reducing support for programs that nurture technological innovation, his budget threatens to undermine the foundation of the nation’s long-term economic growth and military superiority.

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The US-based University System of Maryland has set up a $25m fund called Maryland Momentum Fund to support startups formed within the system’s 12 public institutions.

Julie Lenzer, co-director of UM Ventures, a joint initiative of the University of Maryland, Baltimore and University of Maryland, said the university system had already committed $10m to the Maryland Momentum Fund.

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Sigmund Freud’s alarm rang at 7 a.m. each morning. He took one hour to trim his beard and eat a light breakfast before seeing his first patient at eight. After lunch, as his son would later recall, he took a daily walk around the Ringstrasse, the road that encircles Vienna’s oldest district, at “terrific speed.” Come 3 p.m. Freud ushered in his second lot of patients, working through until nine, at which point he’d retire to plays cards or, if he was feeling perky, take another walk with his wife and daughter. Freud ended the day by settling down to write journals until around one in the morning.

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AMY VETTER

How do you know if you’re having a good day?

On the surface, this sounds like a simple question, but a lot of people have no idea how to answer. It’s not something they spend a lot of time analyzing.

As an entrepreneur, it’s essential to have a very clear answer.

 

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According to a survey carried out by online marketplace for student loan refinancing LendEDU, 58 percent of college students are checking Snapchat (NYSE:SNAP) before Instagram, LinkedIn and Facebook combined.

Millennials Prefer Snapchat over Facebook

During the poll, 9,381 current college students were asked the following question: “You open your phone and have a notification badge on Instagram, Facebook, Snapchat, and LinkedIn … which do you click first?”

 

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nestle-logo

In line with its global ambition to be the number one fast-moving consumer goods company to leverage digital and collaborate to enhance life, build great brands and achieve accelerated profitable growth, Nestlé India has articulated a culture that will assist it in that journey. The three tenets of the culture are internal innovation, external innovation and open innovation. Working with startups forms a core part of the latter two.

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What do Washington, D.C., Kansas City, Mo., Baltimore, Indianapolis, and New Orleans have in common? According to a recent report, they're the best places to be if you're a woman in tech.

To conduct its annual Best Cities for Women in Tech report, Smart Asset, a New York-based financial technology company, analyzed data from the U.S. Census Bureau, taking 59 of the largest U.S. cities in which the tech workforce is big enough to provide reliable data. Specifically, the study looked at the tech industry gender pay gap, income after housing costs, tech jobs filled by women, and four-year employment growth to rank each of the cities.

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Occasionally, a new word or phrase breaks out of the confines of the business world and into the cultural conversation. Paradigm shift and synergy had their day. Then sustainability and resilience. More recently, agile and lean seem to be everywhere. Often, the word comes out of genuinely original thinking and can stimulate new practices. Without care, however, it can quickly spiral into overuse and achieve buzzword status.

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By now we know that eating more fruits and vegetables is good for our health, but a new study suggests that eating even more produce can prevent millions of deaths each year.

In the report, published in the International Journal of Epidemiology, researchers from Imperial College London conducted a meta-analysis of 95 studies looking at fruit and vegetable intake. They estimated that 7.8 million premature global deaths could be avoided yearly if people ate 10 portions of fruits and vegetables a day.

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Richard Florida, world renowned urbanist and author of several best sellers including "The Rise of the Creative Class," offers his insights on the opportunities and challenges facing cities around the globe and how their experiences can inform' urban economic development strategies of cities as they grapples with the convergence of technology, demography and geography. Florida is in conversations with Steve Clemons of the Atlantic Magazine and Mary Walshok, UC San Diego Associate Vice Chancellor.

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benari

My friend complained regularly about how cold she was, even in mild weather. Since I can get through a Vermont winter with a flannel shirt and a denim jacket, this baffled me. Eventually I discovered she suffers from Raynaud’s Syndrome.

Then I met one of the entrepreneurial partners of a firm, who came up with an idea for how to use their experience to solve this problem facing millions…being perpetually cold. A simple problem but not such an easy one to fix. With ingenuity, perseverance, and lots of false starts they are now well on their way to building a successful business. There journey is a lesson in perseverance for all.

 

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balance

In La La Land, Sebastian is such a dedicated jazz pianist that he cannot bear playing other kinds of music. After many trials and travails, he succeeds as an entrepreneur, starting the jazz club of his dreams. A wonderful story of entrepreneurship (the movie had a love story too, I think), but is it realistic? It depends on who you ask.

A recurring theme in entrepreneurship is the trust in generalists – people who can master a wide range of tasks. This trust comes from one big-picture and one small-picture consideration.

 

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biotech

RESEARCH TRIANGLE PARK, N.C. — The numbers continue to climb for North Carolina’s life science sector, bringing new companies, high-paying jobs and opportunity statewide.

We now have over 650 life science companies statewide that directly employ 63,000 people and account for 260,000 jobs overall, counting suppliers and support businesses. Life science companies provide $2.2 billion in state and local tax revenues.

(WRAL TechWire reported on the initial findings contained in the report on Feb. 28)

Roll it all up, and North Carolina’s life science sector creates $86 billion in total economic impact.

 

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y combinator

LONDON — Sam Altman, the president of Silicon Valley startup incubator Y Combinator, said in an on-stage interview on Monday that he sees the future of the human race as a "merge" with machines, not a conflict with them.

Altman, who spoke at the event hosted by Mosaic Ventures in East London, said that "if you have the AIs (artificial intelligence) and the humans and they're both trying to enslave the other, and they both want the same thing ... that's a recipe for conflict every time."

 

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