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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.

Woman scientist using microscope

Long home to federal institutions like the National Institutes of Health and leading universities, suburban areas like Montgomery County have long been home to a cluster of talent and companies working to commercialize pharmaceuticals, biotech and medical devices. Then came the pandemic. The federal government needed to invest in new treatments to stop the spread of COVID-19. In Maryland, the companies around the NIH and FDA figured prominently in the solution, as many had expertise that left them poised to jump into the fight.

 

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Man wearing a mask and shield.

Getting vaccinated against COVID-19 is one important step toward a return to normalcy, but there are a few things about post-vaccination life that can feel like an adjustment for some people after months of taking precautions. One in particular may be puzzling: Why do you still need to wear a mask if you've been vaccinated?

Experts say the answer is a little more complicated than most people realize. Here's what you need to know.

 

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Though hiring increased, US small businesses are more concerned about the future amid the Covid-19 pandemic  Photo: AFP / Patrick T. Fallon

Americans are slowly returning to their favorite mom-and-pop shops and locally-owned restaurants. With COVID-19 cases falling each day, and 14% of the population fully vaccinated, most states have lifted the strictest lockdown measures.  

Of course, relief can't come soon enough for small to mid-size businesses. These firms are the backbone of our economy, accounting for more than 40% of GDP and almost half of all jobs. And our economy will depend on these firms to create new jobs and quickly rebuild to bring the nation back to full recovery.  

Image: Though hiring increased, US small businesses are more concerned about the future amid the Covid-19 pandemic Photo: AFP / Patrick T. Fallon 

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Nigel Green

These days, we could all use a vacation. But while everyone has been working from home, some feel this reality is more like living at work. According to a May 2020 Washington Post article, nearly half of Americans reported a decline in their mental health since the beginning of the pandemic.

For many, a vacation is a reprieve from the stresses of daily life, where you can try to bury the trauma of your 9 to 5. But the reality is, rest isn’t what most entrepreneurs need right now. What they really need is restoration.

 

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Tinnovation.weet Post Share Save Print In 2012 MIT Professor Amos Winter was asked to develop a lighter, cheaper prosthetic leg for the huge Indian market. And not just a bit cheaper: the new limbs needed to be 90% cheaper than those sold in western markets to meet the needs of the over half a million amputees unable to afford prosthetics that often cost tens of thousands of dollars and lasted only 2-3 years. Under these dramatic constraints, Winter’s team went back to fundamentals and reframed the problem: what could the science of movement teach us about how to design and deliver a radically different prosthetic?

 

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These are exciting and invigorating times for the venture capital and entrepreneurship landscape in India. We are witnessing multiple large fundraises and exits. On the whole, the ecosystem is buzzing with energy. Makes us question -- are we on a Moore’s Law ride? 

Moore's Law, from the world of computing, refers to the number of transistors on a microchip doubling every two years, though the cost of computers is halved. 

Image: https://www.vccircle.com

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It has been clear for years that net domestic migration to and from major metropolitan areas (over 1 million population) has been characterized by moving out of costly areas, like Los Angeles, the San Francisco Bay Area and New York to much less expensive areas, like Dallas-Fort Worth, Houston, Atlanta and Nashville. However, within these metropolitan areas, there are substantial variations.

Image: http://www.newgeography.com

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Projects

Fail fast, the adage goes, and move on to the next big idea. Most innovation managers know that few of their initiatives will succeed, so they keep multiple projects running at the same time and create processes for quickly separating winners from losers.

One popular way to make decisions about what stays and what goes is the use of stage gates. This is when project leaders present their progress and findings to date, alongside updates to commercial expectations. Executives then decide whether to unlock funds for further development. For example, a project might have to pass reviews at one, three, and six-month milestones to determine whether it continues to promise return on the innovation investment.

 

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Amid one of the most tumultuous years in recent economic history, Los Angeles companies managed to land $9 billion in venture capital funding in 2020.

According to a new report from CBRE Group Inc., that’s a record for the greater L.A. region, where funding jumped 15.4% in 2020 from $7.8 billion in 2019. The aerospace, media and technology industries led the way, raking in a total of $4.1 billion.

Image: https://labusinessjournal.com

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ASME Logo

The Committee on Science, Space, and Technology in the U.S. House of Representatives recently introduced the “National Science Foundation (NSF) for the Future Act,” which would more than double the budget of the NSF in the next 5 years, devoting a significant portion of the funding to a new directorate that would accelerate the process of turning basic research into new technologies and products.

 

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Florida will start allowing people age 16 and older to be vaccinated on Monday. It’s a moment that Michael Lauzardo, deputy director of the University of Florida’s Emerging Pathogens Institute, has been thinking about for 14 months, since the scope of the coronavirus pandemic started to become clear.

Image: JESSE S. JONES, U. OF FLORIDA Health-care employees at the U. of Florida. On Monday the university will begin an ambitious campaign to vaccinate students and local residents.

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The Internet and social media have totally destroyed the meaning of the word “friend” and even changed it from a noun to a verb. On Twitter and Facebook, many young people follow hundreds of friends before age twenty, all without ever having physically said or heard a word from most of them. Facebook users with “whale” status (5,000 friends), are not even rare any more.

Image: https://blog.startupprofessionals.com

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