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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.

bioscience

The last thing America’s colleges need during the pandemic is for their students to hug each other. But in March, shortly before being sent home, many students said goodbye with an embrace, and you can bet many of them will greet one another the same way when they are reunited in the fall.

 

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Each year, the FNIH recognizes outstanding achievements by a promising young scientist in biomedical research by bestowing the Lurie Prize in Biomedical Sciences, a $100,000 award. The prize is made possible by a generous gift from philanthropist Ann Lurie.

The awardee is selected by a jury of six distinguished biomedical researchers including:

 

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Venture Capital investment has remained resilient in Scotland during the second quarter of the year, despite the economic and political uncertainty the country is currently facing.

22 VC deals were completed between April and June, which is an increase of four from the first three months of 2020. These deals equated to a combined value of at least £62 million, up from £32 millions.

The figures come from the latest KPMG Private Enterprise's Global Venture Pulse Survey.

Image: Amy Burnett, Manager with KPMG Private Enterprise in Scotland - https://www.insider.co.uk

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VC deal volume in the US dropped to a seven-year low of 2,197 in the second quarter of 2020, according to a recent report from KPMG. However, deal value remained remarkably stable at $34.3 billion, buoyed by large investments in late-stage companies.

Globally, VC-backed companies raised $62.9 billion across 4,502 deals, nearly equaling investment in Q1 2020 and only slightly below Q2 2019, which saw $69.9 billion invested.

The five largest deals were in the US and China: California-based Waymo ($3 billion), Shenzhen’s MGI Tech ($1 billion), Hangzhou-based Didi Bike ($1 billion), San Francisco-based Stripe ($850 million) and Beijing-based Zuoyebang ($750 million).

Image: https://www.consulting.us

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Top Tips for Selecting a Custom Manufacturing Partner Technology Networks

Outsourcing has long been in the armory of forward-thinking companies. Initially, it was most often a short-term option to reduce cost, or perhaps to cope with a new product or a large order but, as time has passed, it has become a core part of commercial strategy for many businesses. Today, the trend is to look to an outsourced partner to deliver expertise and services in areas that are considered core to the success of the organization. With life science industries facing increased competition, global regulatory demands, and pressure to shorten time to market, outsourcing part – or all – of manufacturing is becoming increasingly prevalent. But what should be considered in choosing such a custom or contract manufacturing partner?

Image: Pixabay

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One of the characteristics that every good investor looks for in an aspiring entrepreneur is resilience, or the ability to learn from and bounce back after a failure. You don’t have to have previous startup problems to show resilience – everyone should have a story of tackling a tough challenge with minimal success, but using the failure to move on and achieve an objective.

Image: https://blog.startupprofessionals.com

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Is Telemedicine Here to Stay

Telemedicine is having its moment. Over the last few months, millions of people have relied on video or telephone calls to talk to their doctors. But as the pandemic moves across the United States, and eventually recedes in some places, how long will the moment last?

Image: While David Collins of Houston appreciates the ease of telemedicine, he sometimes prefers an in-person doctor’s visit. “If you break your arm, an e-visit isn’t going to help you at all,” he said.Credit...Callaghan O'Hare for The New York Times

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Sustainability is fast becoming a core investment focus. Here’s what the industry can learn from the most successful climate impact funds.

Globally, climate change has dominated the public space in the past couple of years. A vast increase in climate change articles in the last two years, emerging ‘climate idols’ such as Greta Thunberg and climate-related pop culture (e.g., flygskam being FT’s Word of 2019) have been just some of the indicators of this megatrend.

 

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Purpose and profit How to recreate innovation in five steps

The rebound of global share markets offers mild optimism that the pace of recovery from the pandemic could be swift.

Even so, most industries will require innovation at a faster rate and more cost-efficiently than ever before.

By re-creating the five core components of the innovation process — how you innovate, where you innovate, who you innovate with, what you innovate, and why you innovate — your business could profit from opportunities over your competitors. 

Image: THE IDEAS BUSINESS FOUNDER AND CHIEF WADE KINGSLEY. - https://www.smartcompany.com.au

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Hearing Aid Induction Loop Deaf Free vector graphic on Pixabay

After months of working remotely from home, many of us have found that the daily routine of virtual meetings saps our energy. It is difficult to maintain continuity, connection, and coherence. We are prone to speak too little or too much, repeating things unnecessarily. Our attention wanders, and we tune out. Not moving from one conference room to the next as we transition between meetings enervates us and bores us with its lack of variety.

 

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Startup Professionals Musings 7 Success Factors When Your People Are The Solution

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business.

 

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With the coronavirus pandemic crippling the global supply chain, American hospitals are increasingly relying on domestic manufacturers for much-needed medical supplies—but the shift has made essential medical supplies far more costly, potentially placing both hospitals and patients "in greater financial jeopardy," Lisa Ishii, SVP of operations for Johns Hopkins Health System, writes for Vox.

 

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