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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.

Barry Givens of Cox Enterprises Social Impact Accelerator powered by Techstars COX ENTERPRISES

As this dreadful year comes to a close, it’s time to look back and assess what happened. Here are six trends of note that occurred in the world of impact entrepreneurship and investing during 2020.

Social Entrepreneurs Rise to the Occasion Impact enterprises targeting low-income and underserved communities—people most severely hurt by the pandemic—found themselves uniquely positioned to help those populations cope.

Image: Barry Givens of Cox Enterprises Social Impact Accelerator powered by Techstars COX ENTERPRISES

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man on tablet

Being a 21st-century entrepreneur is a demanding and exciting challenge. This is because the world is growing and changing so rapidly that it requires innovative thinking skills of an entrepreneur to stay ahead of their competitors. The 21st-century entrepreneur has to be highly organized and flexible. This means that a 21st-century entrepreneur is constantly thinking and planning. One way to do this is by creating and maintaining effective business plans. Furthermore, a good entrepreneur should also have excellent communication skills, leadership capability and the ability to lead others effectively.

 

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money

The economic upheaval caused by the Covid-19 pandemic has created a once-in-a-generation surge of startups across the U.S. According to government data and a Goldman Sachs report, the share of Americans starting new businesses has risen sharply in 2020.

This new business creation tends to veer away from legacy industries and toward cutting-edge sectors such as information technology and biotech. These industries need up-front capital, and angel investors -- high net-worth individuals who fund startups in exchange for convertible debt or ownership equity -- have played a key role in supporting entrepreneurs in 2020.

 

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The bull from wall street

In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts, or basic business realities. Thus I often recommend that before you kick off your own business, you join another startup or existing business to see how things really work. Even the best college degree is not a substitute.

 

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NewImage

How many entrepreneurs do you know that “almost” made it big? Startups are very risky, and most fail. Yet entrepreneurship is one of the fastest growing trends in business today. Surveys show that entrepreneurs are among the happiest people in the world, despite the challenges. Yet it would pay real dividends to know at the start what separates the “also-rans” from the winners.

Image: https://blog.startupprofessionals.com

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Photos: Daria Shevtsova/Pexels; RF._.studio/Pexels; Ketut Subiyanto/Pexels; Andrea Piacquadio/Pexels; Taryn Elliott/Pexles

This one was a banner year for remote work, but 2021 is poised to be even bigger, and better, for those who continue to enjoy a flexible work arrangement.

Most Americans who work remotely today were forced out of their offices, and challenged to manage the sudden change, along with the added obstacles brought on by the pandemic. Despite this, however, the majority express an interest in working remotely moving forward, even after the crisis is over.

Image: Photos: Daria Shevtsova/Pexels; RF._.studio/Pexels; Ketut Subiyanto/Pexels; Andrea Piacquadio/Pexels; Taryn Elliott/Pexles

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Air Quality - Image of rolling hills and sky with a castle.

I can’t tell you how many times I’ve heard the word “sustainability” come up in conversation lately. The word seems to be all the rage. That straightforward construct here undoubtedly needs no elaboration, no explanation.

Not so with climate, another buzzword, catch-phrase of this modern era we’re living in. While the number of times I hear climate is let’s just say, innumerable – cannot be counted – there is more to climate than just its connection to meteorology. Don’t forget there is such thing as political climate, social climate, etc.

 

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NewImage

One of the biggest challenges in any business, large or small, is overcoming the natural human preference for status quo, or fear of change. It means that most team members and executives alike have a natural tendency to prefer killing innovations rather than implementing them. Even customers, while they all want the next big thing, want it to happen with minimal new learning.

 

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Austin Texas skyline

AUSTIN, Texas—A few years ago, some blocks of Austin’s South Congress Avenue featured a castle-themed wax museum and comic book shop, a neighborhood bar with $1 taco deals, an auto shop and, in season, a Santa Claus on horseback.

Then, as at so many other places in Austin, the construction cranes came.

 

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Novavax Logo

The National Institute of Allergy and Infectious Diseases (NIAID) announced the commencement of the Phase III trial (NCT04611802) of the Novavax investigational COVID-19 vaccine, in a press release issued on Monday, December 28, 2020. The trial will evaluate the effectiveness, immune response, and safety of a COVID-19 vaccine candidate developed by Novavax, Inc., of Gaithersburg, Maryland, called NVX-CoV2373, and is estimated to complete data collection by March 31, 2021.

 

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