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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.

Growing concern pandemic could stall new angel investment TheRecord com

WATERLOO REGION — As the Canadian economy slowly emerges from the COVID-19 pandemic, there is growing concern many of this country’s youngest startup companies may lose access to a vital source of early funding.

Companies often rely on so-called angel investors to fund the earliest stages of their growth, and it’s a crucial source of investment for businesses that aren’t yet big enough or have sufficient sales to capture the attention of major investment firms or banks.

Image: https://www.therecord.com

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meeting

Something remarkable happened as a result of the sudden emergence of the coronavirus. I'm talking about the companies that put their own goals aside and started partnering to address the Covid-19-related challenges. Siemens, BMW, Bosch, Bayer, Mastercard and even a handful of startups began working together to provide value in a time of need.

 

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Mad formal executive man yelling at camera Free Stock Photo

If you’re a leader, it’s likely that not everyone who works with you will agree with the decisions you make — and that’s okay. Leadership involves making unpopular decisions while navigating complex relationships with colleagues, partners, and clients. But often, you will need to get buy-in from these constituents, and therefore you will need to convince them to change their mind.

 

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TLaboratory Test Tubes Free Stock Photohe last month has been an exceptional one for the higher education sector in Saudi Arabia. It was marked by government approval for three Saudi universities to implement “the new university system”. The three universities are: King Saud University or KSU, King Abdulaziz University or KAU and Imam Abdulrahman bin Faisal University or IAU.

The new system aims to promote greater university independence academically, administratively and financially.

 

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Tteamhis year, we have had to protect ourselves not only from a deadly virus, but also from some very dangerous ideas. Around the world, conspiracy theories have flourished, claiming that the virus is everything from a hostile attack, a hoax perpetuated by Big Pharma, or even a side effect of 5G networks. And while these theories may seem ridiculous, they can cause serious harm. Belief in these views undermines people’s trust in established organizations and tested, scientific solutions, and can lead to destructive behavior such as rejecting medical recommendations in favor of unproven treatments, or burning cell towers out of fear of 5G technology.

 

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crowdfunding

Crowdfunding has seen many outrageous successes over the last decade during its infamous rise in the consumer products industry. Everything from the Pebble Watch to the Coolest Cooler and even potato salad has funded successfully on Kickstarter, giving people hope that anyone can be a winner on this intensely popular platform. However, it isn't that easy. According to Fundera, the average success rate is merely 22.4% of crowdfunding campaigns across all platforms. If you look individually to Kickstarter, it goes up slightly to just over 37%. In reality, the odds aren't that great.

 

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The quest for quantum proof encryption just made a leap forward MIT Technology Review

Many of the things you do online every day are protected by encryption so that no one else can spy on it. Your online banking and messages to your friends are likely encrypted, for example—as are government secrets. But that protection is under threat from the development of quantum computers, which threaten to render modern encryption methods useless. 

Image: A Google quantum computer GOOGLE

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question

How do we strike the balance between extreme caution and necessary risk-taking when navigating a crisis? Many of us in the third month of quarantine are experiencing a bifurcation between daily personal and business experiences. At home, we embrace a highly conservative posture. We’ve cut spending to protect our rainy-day fund, organized our kids around a highly routine schedule, and eliminated all unnecessary trips to the store and physical contact with non-family members. 

 

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Handshake

Angel investing in Canada topped $1 billion from 2010 to 2019, finds a report from the National Angel Capital Organization (NACO).

In 2019, angel investors put up $163.9 million across 299 investments — the highest dollar amount reported since 2010 — up 14.8% from 2018 and bringing the 10-year investment total to $1.02 billion. The previous annual record was $162.2 million in 2017.

 

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NewImage

Every one of you has had to deal with the conflicting requirements of optimizing your business in the short term versus the long term. In the short term you need customers to find you at any price, and in the longer term you need revenue, profit, and return loyalty. Even a million users on your social media site won’t pay the bills until you sell some advertising or a premium service.

Image: https://blog.startupprofessionals.com

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