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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.

lessons

For entrepreneurs, selling their startups can be an important affirmation that all their hard work led to the creation of something with lasting value. But it can also be a treacherous process in which founders end up losing control and putting their own interests at risk. I learned the lesson firsthand starting in February 2017, when I set out to vet investment bankers to assist BestReviews (which I co-founded in 2014 with two others) as we considered selling to a strategic partner. Below, I share some of the lessons I learned during the M&A process.

 

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entrepreneur

When I served as state treasurer, I learned first-hand that the more individuals and institutions feel ownership in growing Oklahoma’s economy, the better our state’s economic results will be.

Now that I’ve been working in the innovation economy for several years, I’ve relearned that same lesson. For a state like Oklahoma to diversify to an innovation economy, everyone has to buy in and do their part. And there is a part for almost everyone.

 

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IU Ventures Logo

BLOOMINGTON, Ind. -- IU Ventures, formerly the Indiana University Research and Technology Corporation, has announced new programs designed to foster connections among investors, IU faculty, students and entrepreneurs throughout the global IU community to support, invest in and grow innovative new enterprises with IU affiliations.

In the past, IU Ventures had a broad engagement focus, dealing with both entrepreneurial ventures and technology transfer on behalf of Indiana University. With the launch of the IU Philanthropic Venture Fund, The Quarry and now the IU Angel Network, IU Ventures is fully dedicated to serving as a connector for IU faculty and students and IU-affiliated entrepreneurs, investors, business leaders and donors in order to advance products and ideas that have market potential.

 

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interview

The toughest job interview question may seem like a softball from the interviewer’s perspective:

“So…tell me about yourself.”

It seems easy because it feels like a free pass: no hypothetical scenario, no request for real-life examples, no technical challenge, not even the dreaded “What’s your biggest flaw?” Just…tell me anything.

 

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John Boitnott

The idea of creating, running and growing a successful nonprofit organization appeals to a lot of entrepreneurs and business leaders. That makes sense, since those who hold leadership roles tend to value the notion of improving conditions for underserved communities or want to advance environmental and social causes important to them. However, it can also present a minefield of potential traps for the unwary to navigate. That's why it’s important to identify the following potential obstacles before you undertake the arduous process of securing 501(c)(3) status from the Internal Revenue Service. 

 

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Tim Chen

In 2019, NerdWallet celebrated its tenth anniversary, stretching well beyond the typically short-lived startup life expectancy. After its humble beginnings as a credit card comparison spreadsheet in 2009, the company has since grown into a 300+ person team that sees north of $100 million in annual revenue as it serves up financial wisdom to 100 million visitors.

 

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Great Wall of China

Former US vice president and Democratic presidential hopeful Joe Biden has dismissed the idea that China, the world’s second-largest economy, poses much of a threat to the United States. “China is going to eat our lunch? Come on, man,” he said at a campaign stop in May. “China isn’t in competition with us. . . . They can’t figure out how they’re going to deal with the corruption that exists within the system. They’re not bad folks, folks. Guess what—they’re not competition for us.” 

 

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NewImage

When it comes to Canada’s burgeoning and evolving tech scene, the federal minister in charge says he wants to “create global champions and a culture of innovation.”

And according to Navdeep Bains, this means “looking at how we can create conditions for success.”

Bains, the federal Minister of Innovation, Science, and Economic Development, and MP for Mississauga-Malton, made the comments during a recent sit-down interview with Daily Hive in Vancouver.

Image: Canada's Innovation, Science, and Economic Development Minister Navdeep Bains at Daily Hive. (Daily Hive) 

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NewImage

The Wisconsin Early Stage Symposium will be held Nov. 6-7, 2019 at the Monona Terrace Community and Convention Center in Madison. More than 500 people are expected to attend the conference from across the state. There are many networking opportunities throughout the two days!

Companies will have plenty of chances to interact with angel and venture investors from Wisconsin and beyond.

Our Wisconsin WOMEN event will take place on the evening of Nov 5, in concert with the WARF Innovation Day which occurs during the day. We are looking forward to a large, fun reception together. Stay tuned for more details to be released.

 

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arctic ice

When will all the ice in the Arctic be gone? This is a question often asked of sea-ice researchers by the media, the general public and policy makers—and no wonder. Several recent reports have detailed the accelerated loss of summer sea-ice cover in the Arctic. In addition, the observed ice loss is generally happening faster than climate models have forecasted. The question gets even more complicated because we see a large spread in climate model simulations, with ice-free September conditions already happening in 2020 in some simulations but not until well beyond 2100 in others. So determining the answer is tricky. Is this, however, the correct question to be asking in the first place? It assumes sea-ice loss is a function of time, but is that the case?

 

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genetics

With technological advancement occurring at an increasingly breakneck pace, it's natural the number of life science and technology innovation clusters is growing as well. These clusters result from the increasing recognition that innovators do not perform at their best in widely dispersed buildings. Instead, they gain most from highly-specialized facilities and collaborative ecosystems that foster cross-fertilization of ideas.

 

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