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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.

Emily Pidgeon

As smaller companies struggle to break into the market, global luxury goods companies continue to soar to incredible heights.

Louis Vuitton, Ralph Lauren and Estée Lauder are among the top brands generating an aggregated revenue of US$247 billion in FY2017, according to a recent study by Deloitte.

The rich taste for life’s finest luxuries is stronger than ever with the increase up US$30 billion on the previous year’s revenue.

As clothing and footwear dominated the charts, the top 10 companies in the multiple luxury goods sector alone collectively accounted for 30.8% of the total top 100 luxury goods sales.

 

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ssti logo

How has the intensity of research and development (R&D) performance changed across states and over time? As a follow up to an article in last week’s Digest that examined changes in total R&D expenditures for each state over the 15-year period from 2002 to 2016, this week’s Useful Stats focuses on R&D intensity. Overall R&D intensity is defined as total R&D expenditures (the sum of all R&D performed by industry, federal labs and agencies, colleges and universities, and other research institutions in a state) as a share of each state’s gross domestic product in a given year.  Notably, five states stand out for exceeding the national average in both R&D intensity and increases in R&D intensity from 2002 to 2016: Oregon, Delaware, California, Maryland, and Massachusetts.

 

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circle

Often the Trump Administration’s concern to create jobs has taken priority over, and been in conflict with, other important issues such as sustainability and the need to tackle climate change. However, the rise of circular economy business models represents an opportunity for the Administration’s jobs agenda and the business community’s concerns about sustainability to align. The circular economy could be a driving force for the creation of local jobs as well as better environmental stewardship.

 

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Morgan Eichensehr

Johns Hopkins University is among the top 10 schools worldwide that earned the most patents for university-born inventions and technologies last year.

Johns Hopkins ranked at No. 9 on the 2018 list of top patent-earners, published by the National Academy of Inventors and the Intellectual Property Owners Association. The institution earned 132 U.S. utility patents throughout 2018.

Hopkins has ranked in the top 10 since 2014, when it boasted 140 patents — it had 143 patents in 2015, 167 in 2016 and 164 in 2017.

 

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money

Laxman Pai, Opalesque Asia:

Biotechnology venture capital firm Third Rock Ventures has raised $770m for its fifth fund, a sign that investor interest in funding early-stage science continues unabated despite volatile public markets.

The investment vehicle, the largest ever raised by Third Rock in its 12-year history, will support investments in 10 to 12 companies. The Boston-based firm's new fund came together quickly.

With Fund V, the firm will continue to execute on its strategy of discovering, launching and building innovative life sciences companies that have the potential to transform the lives of patients and their families.

 

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New BIO Chair Vows Crackdown on Biopharma s Bad Actors

The new chairman of the Biotechnology Innovation Organization (BIO) is promising to crack down on “bad actors” that increase drug prices “dramatically”—in part by expelling member companies that carry out the sky-high hikes.

Jeremy M. Levin, D.Phil., MB BChir., who is also chairman and CEO of Ovid Therapeutics, told GEN such expulsions would be considered individually, and didn’t define how high a dramatic price increase would be to incur the wrath of BIO.

Image: Jeremy Levin, D.Phil., MB BChir., new Chairman of the Biotechnology Innovation Organization. (Alex Philippidis)

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puppy

Man’s best friend -- they come in all colors, shapes and sizes. Whether you want to relax at home or hike on your day off, there’s a dog that fits your entrepreneur lifestyle. You may be hesitant to make this big commitment as you grow your business, but I’m here to share four reasons why every entrepreneur can benefit from having a dog.

 

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old people

At the molecular level, we may not age gracefully; that is, we may not follow a continuous, linear downward slope. Instead, we may fall precipitously after we lose control of our exquisitely balanced anti-aging programs, sometime in our 50s. These findings, derived from a study of tissue-coding and noncoding RNA, may help explain why human disease burden increases so sharply from the sixth decade of life onward. They may also lead to therapies that enhance longevity, provided the natural termination of protective gene expression patterns does not indicate that they have outlived their usefulness.

 

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NewImage

There is a member of the Maryland state legislature who has lived under China's Communist rule. Her name is Lily Qi. Steve Inskeep of NPR's Morning Edition has been meeting with people like Qi who have a foot in both countries - the U.S. and China - and he is here with us now.

Image: Doby Photography/NPR 

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podcast

Marketing has been on the front lines of the digital revolution, but the landscape has become much more complicated, requiring a focus on growth, data, and new modes of creativity. In this episode of the McKinsey Podcast, Simon London speaks with McKinsey senior expert Biljana Cvetanovski and partner Jason Heller about the next chapter of marketing, which is focused on digital—across many touchpoints—and the role of the chief marketing officer (CMO) as the architect of a company’s growth engine.

 

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