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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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In this episode of BioTalk, Rich Bendis and guest Brian Darmody discuss growth across the region, the battle for talent and the upcoming AURP International Conference hosted in College Park.

Brian Darmody is responsible for developing projects, funding opportunities, and policies to support partnerships with the private sector. Previously he was the University's  Associate Vice President for Research and Development, Director of the University of Maryland Center for Applied Policy Studies, Director of State and Federal Relations in the UMD President's Office, and served in the  University's legal counsel's office. He serves on national and state boards, including Maryland Technology Council Executive Board, Fraunhofer USA, the Maryland Economic Development Association and is past President of the Association of University Research Parks.He has served on the staff for the U.S. House of Representatives, the U.S. Health Care Financing Administration Office of Attorney-Advisor, and the Maryland General Assembly. He holds an undergraduate degree from the University of Maryland and Juris Doctor from the University of Baltimore.

Image: http://www.biohealthinnovation.org

 

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MIT s Deep Angel erases objects from your photos with AI

We’re all guilty of the Crop. You know, that group photo where you look so good that–sorry bestie, apologies grandma, see ya, ex–you carefully crop the other person out.

But what if there was a tool that could erase people and things automatically–a magic wand that could do hours of imperfect Photoshop work in an instant? Now, thanks to an MIT Media Lab project led by Matt Groh, that tool is real–if still imperfect.

 

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blockchain

This is going to be a bold statement: It’s time for your business to start embracing blockchain, the biggest game-changer in technology since the internet.

Blockchain, to those unfamiliar with the concept, is a hyperledger. This technology makes it possible for users to enjoy a transparent and distributed digital record of transactions while doing away with the need for a central database.

 

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With huge amounts of venture capital sloshing around, it seems kind of counterintuitive to say “no” to this type of financing. But it could actually be critical for the success of your company.

This is definitely the sentiment of Kon Leong, who created ZL Technologies in 1999. The company was his third startup. Oh, and he also had a 10-year stint on Wall Street as an investment banker!

Image: Marapost websiteMARAPOST

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The American Planning Association has named fifteen “Great Places in America” for 2018. Among them are a bustling main street that spans two states, an amphitheater and park created from a brownfield, and a walkable Berkshires town famous for its flower bridge.

Image: The State Street corridor, spanning two states, one of 2018's Great Places in America according to the American Planning Association. (Photo courtesy of Bristol VA/TN Chamber of Commerce)

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A new survey from The Hartford has revealed around 57 million Americans or 25% of the population own a side business.

Even though unemployment rates are low and the average wage is increasing, a lot of Americans need a side business to make ends meet. The primary reason for these side hustles is financial, with those pursuing their passion making up less than 10% of the respondent in the survey.

Image: https://smallbiztrends.com

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people

Among our greatest enemies, as individuals, as organizations, and as a society are the false biases that justify an attitude of “us and them” –in a word, discrimination. Fortunately it’s one of the areas where we’ve made the most progress over the past 100 years.

Yet, there is one area where even the most tolerant among us feels it’s totally justified to discriminate with utter abandon; millennials and Gen Z.

 

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In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. Everyone seems to espouse extrinsic motivations, such as getting rich, having power, and fulfilling parent dreams, when in fact a focus on satisfying internal interests and desires will likely lead to more success, as well as satisfaction.

 

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As a long-time advisor to entrepreneurs and business owners, I rarely find someone who doesn’t proclaim that the business world is changing rapidly, with new technology, new customer expectations, and new cultures. Yet, I’m still frustrated by the number of business owners that haven’t updated their business-as-usual practices. In my mind, these are killing their businesses.

 

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Brigette Hyacinth

Few things are as disruptive and costly as managers who kill morale. Demotivated employees perform poorly and then walk out the door at the first opportunity. When employees quit, the top reason for their resignation is their relationship with their manager. People don't quit companies. They quit their bosses. Businesses know how important it is to have motivated and engaged employees, but many fail to hold managers accountable for making this happen. When they don’t, the bottom line suffers.

 

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sleep on desk

Chances are, you start each workday with high hopes and energy. You get to the office ready to take on the world. Your energy may ebb and flow, but you reach a point (often an hour or two before the day ends) where you’re just tapped out. You are physically there at work, but your brain has taken a holiday. You may find yourself doing “fake work” searching the internet (maybe reading articles like this one) or shuffling papers.

 

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entrepreneur

The internet, social media and the comfort of technology have changed many of our lives for better or worse. Many of us probably think if we work hard and obtain "success," everything will be alright and our lives will feel complete.

We now not only see the glamorous lives of celebrities but also those of Instagram and YouTube stars, and it can lead us to think that is the dream life. And when we realize our life plans don't match up to that kind of life, we may feel unhappy, lost or unmotivated in life. We may have negative thoughts that we're on this endless treadmill, jogging tirelessly through life.

 

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