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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.

NSF enginesBy: Brian Darmody, Chief Strategy Officer, AURP: Building Communities of Innovation

May, 10,2022

Sometime this September, the US Economic and Development Agency (EDA) will announce its Phase 2 awardees for the $1 billion Build Back Better Regional Challenge award winners.

Thirty or so lucky jurisdictions from across the U.S will receive between $25M -$100 M in EDA funding, although actual funding levels will be smaller to support projects on a regional basis for an industry cluster. These programs will develop or scale regional economies and devote funding to workforce training and support equitable development, including science parks and accelerators.

Thirty other finalists though will not be winners though as EDA only has funds to support thirty awards, much less the hundreds of jurisdictions from across the U.S. that applied for the program. (Five hundred and twenty-nine applicants were received by the EDA.)

But as they say on late night TV: Wait, There’s More

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Representational image | Photo Credit: Anawat_sGenerative artificial intelligence (AI), autonomic systems and privacy-enhancing computation (PEC) are three technology trends gaining traction in banking and investment services in 2022, according to research firm, Gartner, Inc.

These trends will continue to grow over the next two to three years, contributing to growth and transformation of financial services organisations, the firm said in a release.

Image: Representational image | Photo Credit: Anawat_s

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Cursor and The disruptive dozen technologies that will cure our deadliest diseases Innovators magazineCures for deadly brain cancer, sight loss and deafness are among the life changing solutions that could result from what are called the ‘disruptive dozen’ technologies.

Sitting down with senior Harvard faculty attached to Mass General Brigham, America’s leading biomedical research body and affiliate of Harvard Medical School, the question being discussed was: which scientific breakthroughs are on the cusp of transforming healthcare in the near future? The answers were then tested using a rigorous selection process developed by Mass before being distilled down to a dozen solutions.

 

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Social media people networking 2021 08 27 19 15 21 utcOne of the most significant challenges that both established and new entrepreneurs face is connecting with the right people and curating a genuine business network that will lead to mutually beneficial growth and progress. The saying goes for all industries worldwide, "It's not always what you know, but who you know." Networking is a sharing process; an invaluable opportunity to connect, build and amplify. By expanding your network, you can increase awareness for your project/brand, grow your profits, secure investment and so much more.

 

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Close up photo of gauges and dashboard in ford car 2021 10 15 13 23 28 utcIf you’re waiting for a sign confirming electric vehicles have gone mainstream, the 2022 Ford F-150 Lightning ends the wait. The F-150 has been the best-selling vehicle on the planet for over four decades, and when Ford opened the order banks for the all-electric Lightning version last year the automaker had to stop taking orders after 200,000 people signed up. So the electric vehicle revolution is no longer coming soon — it’s here.

 

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Female Founders 1Female-founded companies account for less than one-fourth of venture funding recipients in every U.S. state with a startup scene. But they’re a lot closer to the top of the spectrum in some states, and much nearer to the bottom in others.

That was the finding from a state-by-state analysis of funding over the past three years to companies with at least one female founder. We focused on 25 states that collectively account for  over 95 percent of total U.S. funding rounds.

Image: https://news.crunchbase.com

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Investing stock market data on the screen 2021 08 29 07 39 32 utcThe Global Investor Conference (GIC) aims to tackle these tough questions and more next week in Portugal.

This year's Global Investor Conference offers investors and investment enthusiasts an opportunity to learn about the latest trends in private equity and venture investments. In addition, the conference lets clients and guests in on diverse perspectives that can nourish and strengthen their knowledge of global markets. This year's speakers are from Europe, the Americas, and Asia-Pacific (APAC).

 

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Money 2021 11 11 19 38 15 utcThe U.S. Department of the Treasury awarded the first batch of funding awards for the State Small Business Credit Initiative (SSBCI), a program designed to increase access to capital for traditionally underserved small businesses and entrepreneurs.

The new, expanded SSBCI provides nearly $10 billion to states, the District of Columbia, territories, and Tribal governments to promote entrepreneurship, especially in traditionally underserved communities. SSBCI funding is expected to catalyze up to $10 of private investment for every $1 of SSBCI capital funding. State governments filed plans with the Treasury on using their SSBCI allocation to provide funding to small businesses.

 

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2021 social media butterfly square logoRemember just because people don’t comment or like your social media posts doesn’t mean they aren’t noticing them or enjoying your content. It also doesn’t mean that your LinkedIn strategy isn’t working.

That’s because more than 90% of social media users don’t interact with content.

Image: https://www.natlawreview.com

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Visitors are seen at the intel booth duringIntel Corp on Tuesday launched a new chip called Gaudi2 focused on artificial intelligence computing, as the chip manufacturer makes a bigger push into the AI chip market currently dominated by Nvidia Corp.

Gaudi2 is the second generation processor by Habana Labs, an Israeli AI chip startup Intel bought in late 2019 for about $2 billion. AI chip startups have been getting huge investments in recent years as AI computing is one of the fastest growing areas for data centers.

Image: Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. Photo: Reuters / ALY SONG

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3081a34b cd08 48c4 8b9c e26014fd8476In building successful businesses, I find that creating a new and innovative product or service is usually the easy part. The hard part is providing the leadership required to align and motivate all the constituents and players – from engineers, to investors, vendors, and ultimately customers. Great entrepreneurs are not just idea people and then managers, they are extraordinary leaders.

Image: https://blog.startupprofessionals.com

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Question mark 2021 08 26 22 30 01 utcPublic market valuations are dropping precipitously. Growth stage venture capital investors are in a state of panic. VC Twitter is awash with projections and predictions that things are going to be tough for a while. Sentiment feels increasingly negative.

For those who have known nothing but a never-ending bull market for their entire professional lives, this is an unsettling time. But the idea that the bull market would never end - despite what a large number of self-serving Twitterati may say - was always fanciful. Markets are inherently cyclical and periods of correction are inevitable.

 

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