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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.

Ben Wu and Rich Bendis on BioTalk

Montgomery County Economic Development Corporation (MCEDC)  President and CEO  Benjamin Wu Chats with Rich Bendis on BioTalk.

Listen now Apple https://apple.co/2SJB2a5, Google https://bit.ly/2SMLbmd, Spotify https://spoti.fi/34SWcrIhttps://bit.ly/2SMde5j, and YouTube Audio https://bit.ly/2GSHXeu

As the President and Chief Executive Officer of MCEDC, Ben Wu leads the public-private economic development of Maryland’s largest jurisdiction which comprises 25% of the state’s economy with a GDP greater than 13 states. A Montgomery County native, Ben is an accomplished executive with over three decades of professional experience leading operations at the highest levels of our nation and state.

 

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Person setting at desk with computers.

WASHINGTON, D.C. -- The coronavirus pandemic has affected U.S. workplaces like nothing else in modern history, including high unemployment, the shuttering of businesses, and the shift of many workers to off-site, remote work.

Gallup has been tracking full- and part-time U.S. workers' activity and attitudes amid the COVID-19 pandemic using its online, probability-based panel survey since March. The latest data, from September 14-27 polling, have provided further insights about the evolution of workers' views of remote working.

Image: https://news.gallup.com

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Report Cover

Lags in the collection of venture data occur due to how deals are reported to regulatory agencies and announced to the public, causing datasets to grow with new deals for some time after a quarter ends. In past editions of the PitchBook-NVCA Venture Monitor, we have noted that deal and exit counts were likely to shift upward over time. We have now added estimations to charts in order to more fully capture movements in the venture industry. In this research note, we explain and examine those estimations, including why they occur and how we use past data to estimate true deal and exit counts from the past four quarters.

 

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Logo for the NVCA

SEATTLE, Oct. 13, 2020 /PRNewswire/ -- Though external economic headwinds due to the coronavirus pandemic persisted in the third quarter, venture capital (VC) exit activity saw a major uptick, achieving the second highest exit values on record, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on venture capital activity in the entrepreneurial ecosystem jointly produced by PitchBook and the National Venture Capital Association (NVCA), with support from Silicon Valley Bank and Certent. The positive momentum from the stock market in recent months, particularly the performance of new listings, has encouraged companies to move forward with IPOs if they were prepared and considering that exit route. On the dealmaking side, this report includes PitchBook's proprietary deal estimation methodology for the first time, which will be included in all future reports, to better account for investment data reported after the quarterly publication date. Investors have continued to consolidate capital into their most valuable and mature businesses leading to a consistently high volume of VC mega-deals.

 

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take out by - Doug Donaldson -

When it comes to the American economy, one thing is certain: If you are looking for doom and gloom, it’s not difficult to find.

There’s this recent New York Times headline: “New Layoffs Add to Worries Over U.S. Economic Slowdown.” Or this one from Bloomberg: “U.S. Economy Not in a V-Shaped Recovery.” On a daily basis, Americans wake up to pessimistic projections about the COVID-19 pandemic and the economic growth that it has curtailed. Walking down the street, you are bound to run into a shuttered business or an unemployed worker.

Image: Doug Donaldson - Flickr

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NewImage

People with a victim mentality should never be entrepreneurs. We all know the role of starting and running a business is unpredictable, and has a high risk of failure. For people with a victim mentality, this fear of failure alone will almost certainly make it a self-fulfilling prophecy.

I’m sure you all know someone who is the perennial victim. The problem is that most of these people aren’t likely to accept your assessment, so it’s hard to help them. They don’t see themselves as others see them, and many simply refuse to accept the reality of the world in general.

Image: https://blog.startupprofessionals.com

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Crowdfunding.. people funneling money to a person in a chair with computer.

The European Parliament approved new rules on 5 October 2020 that will enable crowdfunding platforms to easily provide services across the EU single market. This will widen the pool of potential investors for start-ups, innovators and small companies, as well as ensuring investors have a larger choice of projects and better protection.

Crowdfunding platforms operating in more than one EU country will have to comply with a single set of basic rules - the new regulation - instead of different rules in each country. The accompanying directive aims to broaden access to finance for small companies. The rules will apply to European crowdfunding service providers that raise up to €5 million per project per year.

 

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Michigan Rise Executive Director Jeff Wesley
COURTESY PHOTO

A new capital fund seeded with state money got off to a quick start and has made investments in a half dozen young technology companies since launching two months ago.

Administered by the Michigan State University Foundation, Michigan Rise has at least a dozen more potential deals to fund in the pipeline and is considering at least 30 more startups, a reflection of the high demand for early-stage capital.

Image: Michigan Rise Executive Director Jeff Wesley COURTESY PHOTO

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Video Conference on Computer

Love them or loathe them, with the work-from-home era showing no sign of abating, conference calls are here to stay.

Video calls have become increasingly prevalent throughout the pandemic, enabling teams to conduct business remotely. It’s important meeting attendees present themselves in as professional light as possible during remote meetings.

Despite the need for professionality on conferencing calls, an awkward moment is never far away.

 

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Interview - 2 people.

We talk a lot about finding a culture fit when job seeking, but much less about finding the right fit for our values. Culture determines how work gets done, but values show how companies prioritize, make decisions, and reconcile conflict. A culture may celebrate innovation, but values determine what gets sacrificed in the pursuit of it.

 

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CONTRIBUTED PHOTOS BY CHARLES HSU, MADISON VELDMAN, DANIELLE GOULD

Madison Veldman hadn’t heard another soul in her residence hall until the yelling started. On Day 7 of quarantine in the New York University high rise, students started leaning out of their dorm-room windows, shouting to one another from the building’s east and west wings.

Veldman, a freshman from Indiana, quickly joined in on the chatter. She’d been excited to start college in a city she’d never been to before, but “being alone in this room for so long kind of killed that excitement.” Being able to shout out her window to her neighbors has made her feel a little better, she said.

Image: CONTRIBUTED PHOTOS BY CHARLES HSU, MADISON VELDMAN, DANIELLE GOULD 

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Girl holding up a lightbulb

There are scores of good books devoted to where new ideas come from, but when did you last see anything about where do old ideas go to? There is danger when we are not mindful of an idea’s inherent perishability, and continue on with it well past its prime potency. This is what the avant-garde composer John Cage referred to when he admitted that while many people are afraid of new ideas, he was afraid of old ones. 

 

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