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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.

Angel Investor

With changing economy and a new rebelliousness amongst the workforce, we are witnessing a re-surging startup revolution. Depending on the source of data, over 627,000 new businesses open each year in the United States, according to estimates from SBA. Over the course of three years, we’ve written many stories about at least 1000 startups that have raised billions of dollars in funding through either venture capital and private equity farms.

 

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business women

(Bloomberg) -- The number of venture capital firms with two or more female partners doubled last year to 14%, suggesting a cultural change is under way in one of finance’s most intractable all-boys’ clubs.

Last year 52 women became partners or general partners at VC firms—a record, according to a soon-to-be-published study by All Raise, an advocacy group for women in venture capital and tech. The additions mark a significant shift as more firms add multiple women, helping address concerns of tokenism in an industry that is still overwhelmingly male dominated.

 

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NewImage

Even though I’m a big proponent of becoming an entrepreneur, it is definitely not for everyone. Unfortunately the success and lavish lifestyle of some current well-known entrepreneurs, including Richard Branson and Elon Musk, lead many who are not so well prepared to jump in with both feet, only to be shocked and severely tested by the unexpected rigors and high risk.

Image: https://blog.startupprofessionals.com

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globe

In the US, unprecedented numbers of seniors are pushing past the once typical retirement age of 65 and working until about 72. Simultaneously, millennials are hustling to amass income-generating assets and living off rice and beans to retire early.

While there's no one way to approach retirement, many are getting creative in stretching their money for a comfortable — and even luxurious — third act of life. One strategy? Retiring abroad.

 

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puzzle

Economic outcomes and the relationship between individuals and institutions have shifted for workers, consumers, and savers in advanced economies.

ife has changed substantially for individuals in advanced economies in the first two decades of the 21st century as a result of trends including disruptions in technology, globalization, the economic crisis of 2008 and its recovery, and shifting market and institutional dynamics. In many ways, changes for individuals have been for the better, including new opportunities and overall economic growth—and the prospect of more to come as the century progresses, through developments in science, technology and innovation, and productivity growth.

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laptop

If workers are having trouble concentrating on the job, it is likewise all too easy for employers to misunderstand how work flexibility can be a solution to poor productivity. Most of the conversation about flexibility focuses on the work-life balance benefits and treats the improvement of productivity as a by-product of the policy. That is, a reduction in working hours generates higher productivity as a consequence of a better work-life balance.

 

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Karishmma V Mangal

Being an entrepreneur can give you a high, but it is extremely demanding. You typically bite off more than you can chew, and still make it all work with sheer determination. Successful entrepreneurs manage to balance their many responsibilities and juggle many crucial tasks – without ever dropping the ball. They manage this by using their time efficiently. Here are a few simple tricks that can help you do the same:

 

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Kristen Mosbrucker

A group of executives have been hashing out for several months priorities and goals meant to improve the small business climate in Louisiana, focusing on access to capital, support programs, occupational licensing and regulatory policy.

The culmination of the Louisiana Small Business and Entrepreneurship Council's effort is a draft report expected to hit Gov. John Bel Edwards' desk in the coming weeks.

 

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Scott Meecham

My mantra of investing, as any regular reader of this column knows, is capital begets capital. That's why Oklahoma's unique, pre-seed capital fund, Technology Business Finance Program (TBFP), is so critical to Oklahoma's innovation economy.

TBFP deploys state funding to provide equity-free capital for startups at such an early stage that there are virtually no other sources of capital available. TBFP is not intended to grain a percentage of the entrepreneur's company in return for capital. Its sole purpose is to help entrepreneurs fund the first milestones toward building and de-risking their companies with the aim of attracting additional capital from equity investors as milestones are met.

 

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IThe secret to family owned businesses that last Boston Business Journaln 2020, family-owned businesses spanning three generations are few and far between. In an article by William Chou in Deloitte’s new report, Private company issues and opportunities 2020: Family business edition, he cites statistics showing that fewer than 30 percent of family- and founder-owned businesses in the United States can claim that level of longevity.

Why don’t family-owned businesses endure? Chou writes that it’s not internal squabbling or lack of interested successors — it’s the lack of a commonly understood purpose. Defining purpose may seem easy but maintaining it from generation to generation can be harder than most people think.

Image: In a family-owned business, purpose goes beyond profits to encompass mission and role in the community as well as the reasons family members decided to go into business together in the first place. - DANIEL ALLAN

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