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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.

Venture Capital

The Warriors are in transition.

Not only did they overhaul the roster this past summer, but the franchise relocated to San Francisco.

We've heard coach Steve Kerr say that Chase Center is a metaphor for the team's approach to the 2019-20 season, in that it's a "reset" for the organization.

Warriors superstar Steph Curry recently supplied his own metaphor.

"I'd compare it to a venture capitalist running different funds," Curry told ESPN's Ramona Shelburne. "You have your first fund, which you build and hopefully have some success. Then you go back and say, 'We're going to build a second fund, invest in some different things this time.' But it's the same people, the same brain power.

 

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Ex FDA chief Gottlieb sees investment opportunity in unloved antibiotics Reuters

NEW YORK (Reuters) - As a private investor, former U.S. Food and Drug Administration Commissioner Scott Gottlieb is focused on an area where few have found success in recent years: developing new antibiotics.

Since leaving the FDA in April, Gottlieb has revealed little about what types of investments he would make in his new role at New Enterprise Associates, one of the country’s largest venture capital firms where he worked prior to his time in government.

Image: FILE PHOTO: FDA Commissioner Scott Gottlieb speaks during an interview with Reuters in New York City, U.S., November 26, 2018. REUTERS/Brendan McDermid/File Photo

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data

Earlier this month, California Gov. Gavin Newsom signed into law amendments to the California Consumer Privacy Act (CCPA), the most sweeping state data privacy regulations in the country. The law, which takes effect on Jan. 1, regulates how data is collected, managed, shared and sold by companies and entities doing business with or compiling information about California residents. Some observers contend that because no business would want to exclude selling to Californians, the CCPA is de facto a national law on data privacy, absent an overarching federal regulation protecting consumer information.

 

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podcast

Venture capitalists face more risk and uncertainty when they invest in companies that are far away compared to startups in their own region or country. Yet, more cross-border VC investment is happening than ever before. New research from Wharton management professor Exequiel (Zeke) Hernandez and Sarath Balachandran, assistant professor of strategy and entrepreneurship at the London Business School, looks at why that is happening. In a paper titled, “Mi Casa Es Tu Casa: Immigrant Entrepreneurs as Pathways to Foreign Venture Capital Investments,” the two authors examine the role immigrants play in facilitating these investments. Hernandez recently spoke with [email protected] about their research. (Listen to the podcast at the top of this page.)

 

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Ocean Cleanup device catches plastic in rivers before it enters oceans Business Insider

Around 8.8 million tons of plastic enter the world's oceans each year — the equivalent of a truckload of garbage every minute. Over time, this trash can accumulate in offshore garbage patches and linger there for decades. 

The largest of these vortexes, the Great Pacific Garbage Patch, is located in Pacific Ocean between Hawaii and California. It's estimated to contain more than 1.8 trillion pieces of floating plastic — the equivalent of 250 pieces of debris for every person on Earth.

Image: The Ocean Cleanup's Interceptor tool in the Klang River in Malaysia. The Ocean Cleanup

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Nadine Greiner, Ph.D.

Anxiety is often a nebulous concept. We know it affects our emotions, but it’s difficult to describe. This is because anxiety feels different for everyone. You might feel uneasy. You might feel light-headed or dizzy. Your heartbeat might escalate. You may experience hot flashes. Regardless of how anxiety affects you, it takes a heavy toll on your performance and stress levels. As a leader, you’re probably no stranger to it.

 

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Methodology For The Best Entrepreneurial MBA Programs Poets Quants

No doubt entrepreneurial success is tough to measure. Many schools tout the “entrepreneurial mindset” they use to train MBAs. That can range from building the next unicorn to creating a business that is beneficial to shareholders and stakeholders alike; or it could mean graduating students equipped to make changes in massive, established businesses through corporate innovation.

Image: The T-Rex coworking space in St. Louis. Courtesy photo

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Illumina Sequencing and array based solutions for genetic research

BALTIMORE, Oct. 29, 2019 /PRNewswire/ -- Illumina, Inc., a leading developer, manufacturer, and marketer of life science tools and integrated systems, celebrated today the grand opening of its new training facility in the University of Maryland (UM) BioPark.

The 13,000-square-foot Illumina Solutions Center provides training lab capabilities and office space for customers and commercial teams. It is the company's first commercial location on the East Coast and will host hundreds of employees and customers annually.

 

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NewImage

Few major companies have been as aggressive as IBM in experimenting with different ways of hiring tech workers.

Citing a serious skills gap, the multinational International Business Machines Corporation is looking for different recruiting channels for its workforce of 360,000 employees. IBM's view is that “new-collar” jobs in cybersecurity, cloud computing and other high-demand fields don’t necessarily require a traditional college degree.

Image: Kelli Jordan

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questions

Close scrutiny of VC deal terms in India reveals a nuanced pattern of objectivity and discrimination.

No matter how rational we may claim or want to be, no human being is entirely free of bias. The challenge is to be aware of one’s own bias – or, failing that, to design processes that mitigate bias – so that objective considerations can prevail. This challenge becomes especially pertinent in a field such as venture capital, where intrinsic uncertainty renders decision makers particularly prone to irrational influences.

 

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7 LinkedIn

Illumina Accelerator is currently recruiting for it's eleventh cycle in the San Francisco Bay Area and it's inaugural class in Cambridge, UK.

During the six-month funding cycle, Illumina Accelerator offers genomics-driven startups four key resources – capital and access to capital, sequencing and genomics expertise, coaching, and lab and office space at Illumina’s San Francisco Bay Area Campus and Illumina’s EMEA headquarters in Cambridge.

 

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