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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 2020, Innovation Works’ portfolio companies rose to the challenge of a difficult year. We worked hard to meet their high bar…

We emphasized successful programs and innovated on others to address these extraordinary circumstances:

 

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I grew up in poverty in upstate New York, but I was lucky enough to study engineering at Rensselaer Polytechnic Institute. I founded a company that went public when I was 28, and I used that wealth to invest in startups.

It’s been exhilarating to watch many founders flourish, but when I return to upstate New York, the desolate remains of long-closed factories remind me of the sectors that the tech revolution never reached.

 

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When you read all those stories about the 1%—or even the top 5% or 10%—how much money do you need to pull in to be in one of those groups? You'll need at least six figures to count yourself among the nation's top earners, according to data published by the Economic Policy Institute (EPI) in December 2019.

 

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While the major real estate industry players have been making headlines with a new SPAC announcement seemingly every other day, you may have missed that some of them have their own internal venture capital firms to invest in early-stage proptech companies.

What does that mean, and why are real estate firms launching their own corporate venture capital arms to invest in proptech?

 

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TORONTO — Canadian venture capital investments totalled $4.4 billion in 2020, their second-highest level on record, according to a new report.

The Canadian Venture Capital and Private Equity Association says there were 509 deals done across the country last year.

The total dollar value of the deals was second only to 2019 when there were 560 deals done worth a total of $6.2 billion.

Image: https://www.delta-optimist.com

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PHILADELPHIA--(BUSINESS WIRE)--Brandywine Realty Trust (NYSE: BDN) in partnership with the Pennsylvania Biotechnology Center (PABC), announced B.Labs—a Life Science incubator at Cira Centre directly adjacent to Brandywine’s 14 acre $3.5 billion Schuylkill Yards neighborhood in University City, Philadelphia. B.Labs will provide high quality innovation, collaboration, and research space that creates growth capacity for start-up, early-stage, fast-growing, and established Life Science industry leaders. Capitalizing on University City’s intense demand for flexible, plug & play lab and research space, the 50,000 SF B.Labs will commence construction immediately with an opening date scheduled in the fourth quarter of 2021.

 

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Recent extreme weather events and other natural disasters have accelerated consumer demand for solar panels and batteries. After the Texas power grid failure, web traffic to Sunrun (Nasdaq: RUN), the nation's largest installer of residential rooftop solar panels, jumped 350 percent in the state. Sunrun pioneered the solar-as-a-service model 10 years ago by making clean solar energy affordable, mainstream, and accessible for everyone. Join our Leadership Lessons series host -- Comparably co-founder/CEO Jason Nazar -- for another exciting episode as he chats with Sunrun co-founder/CEO Lynn Jurich. She'll share the most important lessons of her career, from her time as a venture capitalist to becoming an entrepreneur herself. Other topics include: 

 

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Currently, there is a growing number of programs worldwide oriented to entrepreneurship. There is even a ranking from The Princeton Review that evaluates the main universities to study entrepreneurship at the undergraduate and graduate levels. Curiously, these lists of 50 universities at each level are made up of only North American universities with the exception of Tecnológico de Monterrey, which ranks fifth in the undergraduate category in its 2021 edition.

 

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With a new funding source Notre Dame startups bring millions of dollars to the South Bend Elkhart region News Notre Dame News University of Notre Dame

One of the largest challenges facing tech startup companies is finding the capital necessary to fine-tune their technology and ultimately launch and scale their company. Thanks to support and encouragement from the University of Notre Dame and the IDEA Center at Notre Dame, a growing number of local startups are tapping into an important funding source that has brought more than $7.5 million to South Bend-Elkhart startups over the past year and a half: the federal government’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

 

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This GTM Leader Turned Investor Crowdsources Early Lessons From Stripe Figma More First Round Review

When Meka Asonye first started his career, he was laser focused on talent development, on spotting potential key players and giving them a shot at the big leagues — and we mean that literally. He wasn’t leading startup recruiting, but rather managing Minor League operations for the Cleveland Indians and advising their GM on roster and payroll allocation through advanced statistical analysis.

Image: https://review.firstround.com

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Every entrepreneur tries to maximize his startup growth by building and selling more product and services for the widest geographic area that he can support. This strategy is called “organic growth,” yet it alone may yield only a fraction of the potential you could achieve, unless you add the additional strategies of partnerships and M&A (mergers and acquisitions).

Image: https://blog.startupprofessionals.com

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