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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.

Morgan Eichensehr

LifeBridge Health and CareFirst BlueCross BlueShield are partnering to open a new business incubator to support growing digital health startups.

The two are looking for space, ideally near CareFirst or LifeBridge sites in the Baltimore area, to set up the incubator, also being referred to as an “innovation center.” Michael Batista, director of Healthworx at CareFirst, said the incubator is expected to open later this year, and will likely be able to support up to 20 small digital health businesses at a time.

 

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Logan is the best small city in the United States for growing new businesses, according to a recent study conducted by Verizon.

From a field of over 300 cities, the study focuses on communities throughout the United States termed “small cities”, or cities with populations between 50,000 and 75,000 people. According to the study, Verizon researchers found that smaller cities often have greater potential for business growth than larger cities.

“We’re thrilled to see Logan once again recognized for the great place that it is for small business,” said Logan City economic development director Kirk Jensen. “It’s a credit to our hard-working, visionary entrepreneurs that have an eye for opportunity and a willingness to take measured risks.”

Image: https://usustatesman.com

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Dr. Andrew Lees, founder and Chief Scientific Officer of Fina Biosolutions, holds over 25 patents and is the author or co-author of more than 70 peer-reviewed papers. He holds a B.S. in Chemistry from Harvey Mudd College and a Ph.D. in Biophysics from The Johns Hopkins University. GlaxoSmithKline, the Serum Institute of India, the Chengdu Institute of Biological Products, and others all use conjugation chemistry (CDAP) developed by Dr. Lees in their S. pneumonia and meningococcal conjugate vaccines. He received the Johns Hopkins University Distinguished Alumni Award in 2019 for his efforts in making conjugate vaccines affordable for low-income countries.

 

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Amsterdam and Rockville, Maryland — Catalyze and BioHealth Innovation, Inc. have entered an agreement to actively bridge the Life Sciences communities in the US and the EU. This transatlantic partnership will increase opportunities for translating biohealth discoveries to market through grant writing services, expanded technology commercialization and international soft-landing support. The two parties have a wide range of resources and knowledge which combined will better aid in delivering high-impact, customer-specific solutions.

 

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BIO BestPracticesReport2019vF pdf

The Biotechnology Innovation Organization (BIO) released “Transforming Ideas into Advances: Best Practices in State and Regional Bioscience Economic Development Initiatives” today at the 2019 BIO International Convention.

The fifth edition of the Best Practices Guide is the bioscience industry’s leading comprehensive analysis of state legislative and regulatory initiatives in support of economic development.

Almost every state in the country has continued to actively engage in building bioscience infrastructure. Throughout the last decade, understanding of the economic potential of the industry has led to policies and programs that provide supportive tax environments in capital formation, technology transfer, and funding for a workforce to facilitate research, development, and manufacturing.

 

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ST. LOUIS – The GlobalSTL Health Innovation Summit brings new international technologies to local health care systems to create competitive advantage and economic impact in St. Louis. The full strength of our region’s $240 billion health care industry will be on display for highlyinnovative digital health companies from Israel, Sweden, Portugal, Canada, and the United Kingdom at the third annual Summit on June 5, 2019.

GlobalSTL, the international company recruitment initiative of BioSTL, reviewed more than 750 digital health companies and invited 16 of the most compelling companies to pitch their cutting-edge technologies to 75 senior leaders from St. Louis and Midwest hospitals and corporations, as well as a cadre of partner organizations from throughout the Midwest and venture capitalists looking to invest in new companies.

 

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pretty bird

If you’re single and looking to change that status, perhaps you have been pondering the mysteries of romantic attraction. It will come as no surprise to learn that research has established that physical appearance is one factor that predicts attraction. This is starkly evident in online dating. A study of thirty-somethings found that being rated in the top (versus bottom) ten percent on physical attractiveness roughly tripled the probability of receiving a “first-contact” message (Hi! How are you?). Like it or not, looks matter in the dating game.  

 

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failure

Calling “innovation” a business buzzword is an understatement. In today’s fast-paced, technology-driven world, every business leader knows they have two choices: i nnovate or sink away into irrelevance.

Despite this dire imperative, businesses fail to innovate all the time. Getting an organization of individuals to work together and create something truly novel is a challenge even the greatest leaders struggle with.

 

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birthday

Israel celebrated its 70th anniversary in May of 2018, but its brand image internationally was less than ideal. Market research revealed that many people associated Israel only with military conflict. Harvard Business School professor Elie Ofek discusses efforts to rebrand the country, and whether these efforts to shift perceptions are starting to show success, in his case: “Israel at 70: Is it Possible to (re)Brand a Country?”

 

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advice

Scott Kupor, managing partner at Andreessen Horowitz, says there’s a lot about navigating the venture capital world that entrepreneurs don’t understand. Some can’t figure out how to get in the door. Others fail to deliver persuasive pitches. Many don’t know how the deals and relationships really work. Kupor outlines what he and his partners look for in founding teams and business ideas and explains how start-ups work with VCs to become successful companies. He also discusses how Silicon Valley can do a better job of finding more diverse talent and funding new types of ventures. Kupor is the author of the book Secrets of Sand Hill Road: Venture Capital and How to Get It.

 

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Dilution The good the bad and the ugly TechCrunch

Since 2013, SparkLabs Group has invested in more than 230 companies, and my general advice to our founders and portfolio companies hasn’t changed: I always tell them not to overthink valuation, know what they need in terms of capital for their seed round and how there is “good dilution” and “bad dilution.” Whether your dilution ends up being good or bad (or ugly) generally depends on how well you execute.

Image: https://techcrunch.com

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