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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.


SAN DIEGO--(BUSINESS WIRE)--The licensing of university research has made a significant contribution to US gross domestic product (GDP), industry gross output, and jobs over the last two decades, according to an independent study commissioned by the Biotechnology Innovation Organization (BIO) and the Association of University Technology Managers (AUTM), which was released today.


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June 2017 Update of I O Economic Impact Model pdf

Using an input-output “I-O” approach to estimating the economic impact of academic licensing and summing that impact over 20 years of available data for academic U.S. Association of University Technology Managers (AUTM) Survey respondents, the total contribution of these academic licensors to industry gross output ranges from $320 billion to $1.33 trillion, in 2009 U.S. dollars; and contributions to gross domestic product (GDP) range from $148 billion to $591 billion, in 2009 U.S. dollars. Estimates of the total number of person years of employment supported by U.S. universities’ and hospitals’ and research institutes’ licensed-product sales range from 1.268 million to over 4.272 million over the 20- year period. An explanation of the I-O approach is provided, and the assumptions used and the potential effects of the assumptions on the estimates are discussed. AUTM associated contributions to GDP, calculated using the I-O approach, are compared with U.S. GDP as a whole, and to selected industry, as defined by North American Industry Classification System (NAICS) codes, contributions to GDP. Factors affecting the AUTM contributions to GDP appear to differ from those affecting U.S. GDP as a whole, as well as from those affecting selected NAICS industry contributions to GDP.

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High-tech talent is a key driver of the wealth and competitiveness of cities. But it’s highly concentrated in places across the United States and the world, following a winner-take-all pattern and reinforcing the geographic inequality that underpins our broader economic and political divides.

While all of America’s top-ranked tech cities have a highly-skilled and highly-educated workforce, a whole host of other factors could shape which city is best positioned to be the next Silicon Valley. That’s a key takeaway from a new index created by real estate firm Cushman & Wakefield that identifies America’s 25 leading high-tech metro areas in 2016.

Image: - Attendees participate in a game during the annual Google I/O developers conference in San Jose, California, U.S., May 17, 2017. (Stephen Lam/Reuters)

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Tina Reed

Employers may be pulling back on some benefits in recent years — as in cutting cost sharing for pricey health care benefits— but at least a third of companies in a recent survey say they've actually added to their employee perks this year.

The uptick in benefits was due to recruiting challenges and skills shortages for certain types of jobs in 2016, according to the Society for Human Resource Management's annual survey of more than 3,000 human resource professionals. Companies also have added wellness benefits to help cut costs or compensate for the loss of more costly health benefits, the study said.


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I’ve never had a “mentor,” no well-connected older colleague I go to for career advice and moral support. I don’t have regular check-ins involving my professional life with anyone other than my manager, and I’m betting that’s true for lots of people.

Sure, a formal mentoring relationship might be great. The idea of having a go-to industry leader to help me steer my career whenever I need advice sounds really appealing. I’ve just never locked one down because if we’re being honest here, it’s hard to do! Getting somebody to invest themselves indefinitely in your career success, like an unpaid coach, is more than many people can reasonably pull off.


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Wikipedia- Elon Musk

Elon Musk has a lot on his plate.

The tech entrepreneur now balances his time between his two companies, Tesla and SpaceX. His jam-packed schedule sees him darting back and forth between SpaceX's LA headquarters and Tesla's base in the Bay Area.

All in all, Musk puts in about 85 to 100 hours a week, according to The Independent. He also estimated to Y Combinator that he manages to dedicate about 80% of his time to engineering and design.


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Advances in biotechnology innovation have had an enormous transformative impact on many sectors of the U.S. economy — life-saving drugs for patients of all ages, protecting plants that are key to feeding the world and industrial biotechnology applications that are leading to bio-based fuels, chemicals and products that can protect our environment.

The bioscience’s need for a stable and supportive public policy framework is vital to industry firms large and small. It is almost impossible for any state or region to ignore the need for selective incentives to either hold existing bioscience companies or attract new enterprises.

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In the digital era, even companies that have distinguished themselves as disruptors cannot afford to rest on their laurels. If they do, they face the chance of being disrupted themselves. Saikat Chaudhuri, executive director of the Mack Institute for Innovation Management and an adjunct professor of management at Wharton, examines this issue in his latest white paper, co-authored with Mack Institute research associate Pragna Kolli, titled: “Navigating Digital Disruption: How to Thrive Through Innovation Management.” Chaudhuri recently discussed the paper’s conclusions on the [email protected] show, which airs on SiriusXM channel 111. (Listen to the podcast at the top of this page.)


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Life’s events fall into two basic categories: things you can control and things you can’t.

While knowing this is important for any aspect of life, today we’ll talk about why it’s important for those testing their hands at the board game of entrepreneurship. The game of entrepreneurship isn’t exactly a "game" in the usual sense. With most games, such as chess, you follow an “I go, you go” structure. As soon as one move is made, you stay within the boundaries and limitations of the gameboard to make your move.


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A Sanofi executive discusses his company’s leadership-development programs and approach to building employee capabilities amid rapid change.

How can HR help build leaders capable of meeting the challenges of tomorrow’s healthcare industry? McKinsey’s Mary Meaney talked with Roberto Pucci, executive vice president for human resources at Sanofi, about the capabilities and mind-sets needed for success in a fast-changing world—and what HR professionals can do to nurture them.


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PrairieChar, a Kansas company developing a system to convert animal manure into useful products, won the $10,000 cash prize and $3,500 in legal and financial advice at the North Carolina Biotechnology Center’s 2017 Ag Biotech Entrepreneurial Showcase.

Eventsponsors Smith Anderson, the Raleigh-based law firm, and accounting firm Hughes Pittman Gupton, are providing the in-kind services.

Integrated Animal Health, also based in Kansas, which finds and commercializes medicine and foods for pets and farm animals, won the $2,500 cash second prize.


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