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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.

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KPIs, TAM, ROI, CAC, NPI: Founders are fond of using acronyms to quantify their startups’ successes. The only hitch is that not every venture capitalist wants to be spoon-fed an alphabet soup of progress metrics. Here are a few data points and figures that six VCs think are overrated–and what, in their view, matters a whole lot more.

Image: https://www.fastcompany.com

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Jeff Bezos

Today everyone seems to be talking about "disruption." It's modern, hip, trendy. Very new millennial.

But business disruption is much more than a passing fad. Mankind discovered early on that the best way to increase our standard of living was to create order out of chaos by constantly inventing and reinventing our most important tools: technology, processes and systems.

 

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There are a lot of theories about how old you "should" be to found a startup.

Some people say younger is better. You're young and strong and can withstand lots of sleep deprivation and keep going. You're more likely to take risks and less likely to quit (supposedly).

On the other hand, wisdom comes with age. The older you are, the better you know your industry, and likely more than one industry. You have strong connections and a lot of experience.

 

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REYKJAVIK, Iceland, May 18, 2018 (GLOBE NEWSWIRE) -- Today the President of Iceland awarded Kerecis the Industry Award for Entrepreneurship. Kerecis is the creator, manufacturer and patent holder of revolutionary, fish-skin-based therapeutic products that speed up the healing process of human wounds and repair tissue damage. 

Specifically, Kerecis Omega3 is intact fish skin that is rich in naturally occurring Omega3 polyunsaturated fatty acids. When grafted onto damaged human tissue (such as a diabetic wound), the material recruits the body’s own cells and ultimately is converted into living tissue.

 

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NEW YORK –The U.S. Small Business Administration, under its Federal and State Technology (FAST) Partnership Program, is soliciting grant applications from New York organizations to help boost the development of technology from small businesses.

According to Beth Goldberg, Director of the New York District SBA Office, the agency aims to increase the number of Small Business Innovation Research (SBIR)/Small Business Technology Transfer  (STTR) awards to small businesses through technical assistance and mentoring, especially among women, socially/economically disadvantaged individuals, and small businesses in underrepresented areas.

 

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Prince Harry and Meghan Markle, i.e., the newly married Duke and Duchess of Sussex, gave the public quite a fresh, warm wedding at St. George’s Chapel on Saturday. While there were no Beatrice-level crazy fascinators or Prince George side-eye, there were memorable moments that already prove the bride’s modernizing effect on the royal family.

Image: https://www.fastcompany.com

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YBuilding an engine for growth that funds itself McKinsey Companyou don’t have to look far to finance your growth ambitions.

To drive growth, you first have to find the fuel—and for many companies, that’s not so straightforward. Internal and external obstacles, including onerous approval processes, borrowing costs, and short-term stock-market impact, can make it hard to fund promising ventures. But it doesn’t have to be that way.

Image: https://www.mckinsey.com

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Dynamic incubator space for science based innovation formally opens

A crowd of more than 100 representatives from Princeton University, the town of Plainsboro, local industries and the center’s first tenant companies attended the event at the Forrestal Center in Plainsboro.

Princeton Innovation Center BioLabs offers co-working lab and office space for high-tech startup companies formed by Princeton University faculty, students and alumni as well as members of the wider New Jersey community.

Image: https://www.princeton.edu

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As a company executive, or a business advisor, we have to always be on the alert for indications that your business, while looking calm on the surface, has strong undercurrents starting that can lead to disaster. You don’t want to be in one of those high-flying companies, like Webvan, Pets.com, and eToys, that almost made it to the big time, before fading or crashing into oblivion.

 

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Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Yet if you are on the other side of the table, there are some other key questions that you need to ask, which will tell you more about the real success prospects for this business.

Image: https://blog.startupprofessionals.com

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Kavitha, a Canadian national, played tennis from a very early age. Her sporting skills and academic prowess earned her a place at Princeton and Oxford universities, as well as a spot on junior Grand Slam tournaments such as the U.S. Open and Wimbledon. Several years on the pro circuit brought her satisfaction but also pain and loneliness. After winning several championships, she decided to leverage her habits of hard work, persistence, resilience and discipline to transition towards the world of business.

Image: https://knowledge.insead.edu

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