Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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.

brand

Ready for a career change, but worried you don’t have the experience or skills to land a job in your desired field? Filling your resume with your previous work experience that has no similarity to the job you’re applying for is likely to land your resume in the trash can. But that doesn’t mean you’re stuck in a career you hate forever.

 

Read more ...

money

At the end of Q3-2017, Crunchbase famously reported that projected near-term global venture “deal and dollar volume” would revisit “post-Dot Com highs.” The numbers matched up. Q3-2017 was the fourth consecutive quarter of growth for both deal and dollar volume, surpassing previous highs reached in 2016. Through Q1-2018, public markets showed some volatility, but venture deals continued to close at a historically accelerated pace. Global seed and early stage deal volume also appeared to achieve another banner quarter in Q1-2018 — presenting a picture of strong demand for seed and early-stage deals globally.

 

Read more ...

mining

High-speed internet connections, artificial intelligence (AI), machine-learning — technology is driving change in all areas of life.

One business among many looking to embrace this new era of innovation is Australia-headquartered mining giant BHP.

BHP is using everything from autonomous drills at iron ore mines to “smart caps” to analyze brain waves and monitor worker fatigue.

Diane Jurgens is BHP’s chief technology officer. “We’re fortunate (that), as one of the largest resources company in the world, we have deep access to technology in the resource industry,” she told CNBC’s Didi Akinyelure.

 

Read more ...

NewImage

Of the millions of metric tons of plastic that enter the ocean each year, researchers don’t yet know exactly where it all ends up. Some of the trash makes it to swirling gyres like the Great Pacific Garbage Patch, which is now thought to be roughly three times the size of France. Some of it is eaten by baby seabirds or whales (when a whale recently died on a beach in Thailand, the autopsy found around 17 pounds of plastic inside the animal). Some of it sinks down to rest on the ocean floor. But one researcher studying ocean plastic says that scientists don’t know the location of around 99% of the waste.

Image: courtesy Anna Du

Read more ...

NewImage

The idea of going from London to New York and back in a day may one day become a reality.

Boeing has debuted a hypersonic passenger plane concept that could get you from London to New York in two hours, Aviation Week reports.

The corporation has joined forces with hypersonic specialists to study a passenger aircraft that would have capacity to cross the Atlantic in just two hours, or the Pacific in three, according to the trade publication. The initial concept vehicle was unveiled at the American Institute of Aeronautics and Astronautics (AIAA) conference which was held in Atlanta this week.

Image: Boeing

Read more ...

NewImage

Unlike becoming a dentist, lawyer, or astronaut, nabbing a job in venture capital isn’t about nailing a clear-cut requirements checklist. The VC industry is notoriously relationship-driven, which has had at least one unfortunate consequence: Its internal demographics are abysmal.

Image: NASA/Bill Ingalls

Read more ...

Geri Stengel

Melinda Gates has been making headlines by investing in female-founded venture capital firms. She’s addressing the lack of money for  female founders by putting her money where her mouth is. If you’re an accredited investor, you can, too.

Venture funds with women as decision-making partners are far more likely to invest in women-led companies, according to Women Entrepreneurs 2014: Bridging the Gender Gap in Venture Capital by Babson. This isn’t surprising. But what may surprise some is that businesses founded by women delivered higher revenue — more than twice as much per dollar invested — than those founded by men, making women-owned companies better investments for financial backers, according to Why Women-Owned Startups Are a Better Bet by BCG.

 

Read more ...

business woman

Women and men almost equally shared all positions in the life sciences world, but women are not advancing in their biopharma careers at the same pace as men, according to a recent report by the Massachusetts Biotechnology Council and recruiting firm Liftstream. The wide gender gap higher up, though improved in recent years, persists: Women only hold a quarter of all C-suite level jobs, and less than 15% joined the board of directors.

 

Read more ...

middle aged

Eight reasons why career transitions later in life are possible despite lingering age discrimination.

Gayle worked her whole life at HP, mirroring her mother’s long stint at IBM. She moved up the corporate ladder until finally there was one painful reorganisation too many, and destiny stepped in. At age 56, she leapt at an opportunity for a “phased retirement”, all the while trusting her career was far from over. She took up an “encore” role at a local food bank, both for the pleasure of returning to strategic and operational work and the chance to have a real impact on her community

 

Read more ...

NewImage

Managing economic development incentive programs is not easy. Here are five common mistakes we see in state and local incentive efforts across the country.

1. It is not clear what the incentive program is supposed to accomplish. Too many incentive programs are designed to “support economic development” or “assist businesses,” which can mean just about anything. As a result, it is extremely difficult to determine which programs are effective uses of taxpayer funds. Everyone wants to know if incentives are effective, but “effective at what?” remains an open question in many places.

Image: https://smartincentives.org

Read more ...

entrepreneur

The Post-It note. Facebook’s “like” button. The Sony PlayStation. These products are all held up as legendary examples of the power of intrapreneurship — entrepreneurial creativity and innovation within large, established organizations. Since the term was coined in the 1980s, intrapreneurship has been sold to companies as a catch-all solution for fostering innovation. It’s been promoted to workers as a way to capture the creativity and excitement of entrepreneurship, but with more resources and less risk.

 

Read more ...

pb kids

With total robot domination seemingly impending, preparing the next generation for the future of work can feel like a lost cause. But fear not, the future may be brighter than expected.

“There’s three job opportunities coming in the future,” says Avi Goldfarb, coauthor of Prediction Machines: The Simple Economics of Artificial Intelligence. He divides them up into people who build artificial intelligence, people who tell the machines what to do and determine what to do with their output, and, finally, celebrities.

 

Read more ...

brain

Positive Intelligence Founder and CEO Shirzad Chamine shares a simple exercise that can be done anywhere to get the mind into a meditative state, which his research has shown to increase a person’s “positive intelligence quotient.” Called “PQ” for short, this quotient is a score developed by Chamine that indicates the percentage of time that your mind is serving you as opposed to sabotaging you.

 

Read more ...

pace

Lisa Alderson of Genome Medical cautions would-be entrepreneurs to celebrate the wins along the way to sustain you through the inevitable highs and lows ahead. Drawing from personal experience, Alderson says the intense passion of the typical entrepreneur puts them at higher risk of taking on too much and neglecting to step back occasionally to rejuvenate themselves.

 

Read more ...

balance

There’s no magic formula for balancing work and life for the entrepreneur, but it is possible, says Sandy Jen, co-founder of two tech startups. Herself a mother, Jen describes how she knows numerous entrepreneur parents, including fellow co-founders, who meet their obligations to family and firm by staying passionately focused on their mission.

 

Read more ...

NewImage

Without fanfare, the University of Pennsylvania has agreed to invest up to $50 million over the next three years in at least 10 biotech companies, the Inquirer has learned.

The goal of the pilot program is to convince more local Ph.D.s and M.D.s to establish their companies near the school’s West Philadelphia campus, instead of moving to traditional venture-capital centers in Massachusetts, California, and other states where funding has been more readily available, until now.

Image: PENN MEDICINE  - Carl June, one of the gene therapy pioneers at the University of Pennsylvania. Penn Medicine scientists are raising funds for a series of for-profit companies that hope to capitalize on medical innovations.

Read more ...