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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.

entrepreneur

Facebook, Google, Amazon, Salesforce, and Dropbox – just to name a few – are the businesses that every entrepreneur dreams of building. They dream of the flexible work schedule, the endless income potential, the notoriety, and the ecstasy that comes from building a business.

In many ways, the current beliefs and thinking around entrepreneurship are much different compared to previous generations. It's no longer uncommon for someone to walk away from a job, no matter how great, in order to start their own business.

 

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innovation

Investing in America’s digital future is no longer optional. It is an economic imperative. 5G, AI and IoT are more than just letters and numbers – they will fundamentally change our modern experience. Our world will be connected, automated and intuitive.

I witnessed industry leaders from IBM, Visa, Cisco, Honda convene last week in the nation’s capital for the Bloomberg Next conference. The discussion proved that these companies understand and are anticipating what’s next.

 

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The hands of this giant clock are drawn in real time by what seems to be a human painter

Dutch designer and artist, Maarten Baas, was commissioned by Schiphol Airport in Amsterdam to design the airport's clock as one of his "Real Time" series pieces. This giant steel box that is hanging from the airport's ceiling has managed to deceive many people offline and online, since the illusion that the artist managed to create is very convincing. In reality, this is a 12-hour real-time video that plays on loop.

Every editorial product is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our journalism.

Image: http://mashable.com

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Will Anderson

Undocumented immigrants contribute about $2.7 billion to the Texas economy while receiving about $2 billion in public services from the state — a net benefit of $703 million that critics of Texas' restrictive new immigration law are touting.

The numbers come from a new report by AngelouEconomics, an Austin-based consulting firm. The report was released Nov. 6 ahead of a Nov. 7 hearing before a panel of the 5th U.S. Circuit Court of Appeals in New Orleans.

 

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idea

Just as electricity transformed the way industries functioned in the past century, artificial intelligence — the science of programming cognitive abilities into machines — has the power to substantially change society in the next 100 years. AI is being harnessed to enable such things as home robots, robo-taxis and mental health chatbots to make you feel better. A startup is developing robots with AI that brings them closer to human level intelligence.

 

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We ve probably hit peak Silicon Valley AOL founder says

AOL founder: We want the rust belt to become the start-up belt   17 Hours Ago | 02:21 Investors need to back more entrepreneurs from outside Silicon Valley to create jobs in areas of the U.S. that have felt left out by the advance of technology, AOL co-founder Steve Case told CNBC on Wednesday.

Case, who is CEO of venture capital firm Revolution, said earlier this year that California, Massachusetts and New York captured 75 percent of venture capital last year.

Image: https://www.cnbc.com

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NewImage

Estonia in cooperation with the European Space Agency (ESA) at the Tallinn Science Park Tehnopol on November 7th opened the space business incubator ESA Business Incubation Center (ESA BIC) Estonia, which is the first of its kind in the Baltics and 17th in the whole of Europe, informs LETA/BNS.

The incubation program helps promote space related business ideas by providing technical expertise and business development support, Tehnopol said. The space business incubators operating in Europe foster the operation and growth of more than 140 startups each year.

Image: tehnopol,ee

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NewImage

Arch Grants has awarded $900,000 in grant funds to 18 new startups and early-stage businesses from across the country and around the globe. The winners were announced at the 5th annual Arch Grants Gala on Friday night.

Each of the winning companies will receive an equity-free grant worth $50,000. By accepting the award, the startup founders have chosen to relocate their business to St. Louis for at least one year.

Image: Winning startups take the stage at the Arch Grants Gala 2017 - http://eqstl.com

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mentor

The mentor-mentee relationship is a tango between a more senior person and a junior one. Just as in dance, coordination and orchestration between parties is necessary for grace and success. And while we and others have written about what makes the ideal mentor, comparatively less attention has been given to the other partner. This gap is unfortunate because, like mentorship, menteeship requires specific behaviors — without which the mentee’s success may be threatened. In this article, we outline six habits of ideal mentees and provide anecdotes and views from our combined years of academic experience. While we focus on the relationship in academic medicine, the takeaways apply to most any field.

 

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merge

The proposed merger of CVS and Aetna will test what it means today to create value in business. Shareholders may gain, but will consumers? The Department of Justice (DOJ) will be setting important case law with its treatment of this vertical merger. And, in the end, we consumers will learn if these kinds of mergers are, literally, good for our health.

 

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NewImage

While doing some research for a forthcoming presentation, I was looking at some data about younger people with college degrees and put together some maps I’ll share with you today.

The Census Bureau tracks educational attainment by age cohort. I decided to look at 25-34 year olds with a bachelors degree or higher. This is roughly today’s “young, educated Millennial” segment. Here is a chart showing the change in the share of 25-34yos with degrees between 2000 and 2016:

Image: http://www.newgeography.com

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listening

William Osler, often called the father of modern medicine, famously advised his students: “Just listen to your patient; he is telling you the diagnosis.” A century later, clinicians and health system leaders started tuning out the patient’s voice, turning instead to electronic health records and the latest care protocols to manage their most complicated and high-need patients. We believe it’s time for an urgent and strategic reset. The factors that lead people to become our nation’s costliest are complex. But they call for, at the start, the simplest intervention: listening.

 

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work

Do you work through lunch? Check email while on vacation? How about canceling on social plans so you can catch up on work? If you answered “yes” to these questions, then you might be a workaholic.

A recent study by Insurance Quotes, which surveyed more than 1,000 American workers, sought to uncover the behaviors of workaholics and how common workaholism is across the country. Turns out, people who are married identify themselves as workaholics more so than single people. However, it doesn’t only come down to marital status -- age also plays an important role.

 

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Screativetarting a new venture is all about being creative, not just in the initial solution, but in tackling the daily challenges of every new and innovative business. In my role as business advisor, I find too many people still looking for the right answers in the back of the book. Most of what you learned in school is already obsolete. The winning answers and strategy has to come from your creativity.

 

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grow

Three prominent tech thinkers recently declared the end of the startup era, questioned the future of tech innovation generally and heralded the rise of the “Frightful Five” — Apple, Amazon, Facebook, Google and Microsoft — who will dominate the future of tech. All of the posts make credible arguments, but ignore how consolidation could be good, even great, for startups.

 

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NewImage

Although South Korea is considered a country with advanced venture capital, it is pointed out that the supply of venture capital to start-ups is insufficient compared to Korea’s market size. Accordingly, it is said that a virtuous cycle system of venture capital should be established according to the stages of a company’s growth. 

"As Korea is a country in which its venture capital market developed via government-led growth policies, its development is still slow," said Kim Jong-min, head of funds and pensions at the Korea Capital Market Institute in a seminar on the roles of finance for innovation growth held at the Korea Financial Investment Association Building in Yeoido, Seoul on November 6.

Image: http://www.businesskorea.co.kr

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NewImage

Intellectual property has come to the centre of attention in every economy around the world. Universities are the heart of creating new inventions from the ground-breaking research that they perform every day. Technology transfer plays a critical role in transferring those inventions to the market in order to create products that touch our lives every day. The profession of technology transfer has evolved over the years and is one of the most coveted professional tracks for scientists, engineers, lawyers and marketing professionals. Often this is not a choice people actively make in the early stages of their career, it is choice they are aware of later in their career. 

 

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innovation

By any measure, pharma is better off today than it was five years ago. Theoretical advances are being turned into biomedical research and then into products that transform patients’ lives. But ideas can take as long as 15 years to play out because most advances—genomics, mass-produced antibodies, new drug platforms, and clinical insights—are highly iterative. For those excited about mRNA therapy or the next new thing, it’s a reminder that we need to invest wisely and be confident. The past three or four years have been very good, but they reflect effort over a long period.

 

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digital

Earlier this year the US Food and Drug Administration (FDA) heralded the forthcoming launch of its pre-certification pilot program for new digital health software which it hopes will help revolutionise the regulation of digital healthcare solutions in the US and allow innovations to safely reach the global market in a timely way, to the benefit of end users.

"We need to modernise our regulatory framework so that it matches the kind of innovation we’re being asked to evaluate, and helps foster beneficial technology while ensuring that consumers have access to high-quality, safe and effective digital health devices,” said FDA Commissioner Scott Gottlieb, M.D.

 

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