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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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CHICAGO, July 26, 2021 /PRNewswire/ -- According to the new market research report "HD Map for Autonomous Vehicles Market by Solution (Cloud-Based & Embedded), LOA(L2, L3, L4, & L5), Usage (Passenger & Commercial), Vehicle Type, Services (Advertisement, Mapping, Localization, Update & Maintenance), & Region – Global Forecast to 2030", published by MarketsandMarkets™, the HD Maps for Autonomous Vehicles Market is estimated to be USD 1.4 Billion in 2021 and is projected to grow at a CAGR of 31.7% during the forecast period, to reach USD 16.9 Billion by 2030.

With the growing trend of autonomous driving technology, the global HD maps market is expected to grow at a significant rate in the future. The promising market for self-driving car renting services and increased investments in autonomous driving technology startups are expected to boost the HD maps market. In addition, increasing R&D activities related to HD maps by leading HD map suppliers and several startups will further fuel the growth of HD Maps for Autonomous Vehicle Market. However, high investment costs and slow adoption rates in developing countries are considered the major restraints for this market.

 

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car on street

PITTSBURGH (KDKA) – Most drivers know the frustration of traveling on a street with cars parked on either side and getting through a two-way street in that situation is a challenge.

It becomes even more of a challenge when there is no human driver behind the wheel to make it work.

However, new research from Carnegie Mellon University’s Argo AI Center For Autonomous Vehicle Research is working to solve that challenge.

“It’s the unwritten rules of the road, that’s pretty much what we’re dealing with here,” said Christoph Killing, a former visiting research scholar at CMU’s School of Computer Science’s robotics institute. “It’s a difficult bit. You have to learn to negotiate this scenario without knowing if the other vehicle is going to stop or go.”

 

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View from car drivers' seat.

Every entrepreneur realizes that change is now the norm, and they have to adapt their business quickly to survive and prosper. In fact, the best entrepreneurs seem to see breakthrough changes coming even before they really happen, and are able to turn them into huge new opportunities. In the trade, this rare capability is called the ability to see around corners.

Image: https://blog.startupprofessionals.com

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Golden Gate Bridge

Many lawmakers are eager to rein in the power of the largest tech companies: Amazon, Apple, Facebook and Google.

But some of their proposals could actually hurt the smaller companies they’re meant to protect, venture capitalists warned CNBC.

VCs are particularly concerned about efforts in Congress to restrict mergers and acquisitions by dominant platforms. Some of those proposals would work by shifting the burden of proof onto those firms in merger cases to show their deals would not harm competition.

 

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Tom Eisenmann

Tom Eisenmann is the Howard H. Stevenson Professor of Business Administration at the Harvard Business School; Peter O. Crisp Chair of Harvard Innovation Labs; and faculty co-chair of the HBS Rock Center for Entrepreneurship, the Harvard MS/MBA Program, and the Harvard College Technology Innovation Fellows Program. He teaches the MBA elective “Entrepreneurial Failure” and the MS/MBA core courses “Technology Venture Immersion” and “Launch Lab.” He is also the author of Why Startups Fail: A New Roadmap for Entrepreneurial Success (Currency, March 2021), which analyzes common patterns that sink both early- and late-stage startups, and also proposes a road map for deciding when to pull the plug and how to fail better, with one’s integrity intact. 

 

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textbooks

It had always been a dream while studying entrepreneurship as an undergraduate to succeed in business and return to teach the next generation of students someday. For me that dream came true, and the end of this semester has provided time to reflect on my impact. Innovation and entrepreneurship are exciting areas for exploration from everyone, from incoming undergraduates to tenured faculty.

No matter the discipline, everyone in academia should be excited to advance entrepreneurship to support startups in their community and across the United States. But while I enjoy reading books on innovation and entrepreneurship, the thought of having my students purchase textbooks to learn to be more entrepreneurial is not an approach that ever worked for me, and my classes require no textbooks.

 

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Avi Hasson, incoming CEO of Start-Up Nation Central, welcomes the Delegation. Credit - Liron Cohen Aviv

TEL AVIV, Israel, July 25, 2021 /PRNewswire/ -- High-ranking diplomats from 10 countries paid a visit to Start-Up Nation Central headquarters to learn about the Israeli innovation ecosystem and gain insights into how Israel became the Startup Nation. 

The delegation that included ambassadors to the United States and the United Nations from Kenya, Hungary, Argentina, the Czech Republic, Bhutan, the Dominican Republic, Ukraine, Tonga, Guatemala, and Australia — as well as their spouses — were part of a week-long tour hosted by Israel's Ambassador to the UN and the US Gilad Erdan and sponsored by the American Zionist Movement, B'nai B'rith and International March of the Living. 

Image: Avi Hasson, incoming CEO of Start-Up Nation Central, welcomes the Delegation. Credit - Liron Cohen Aviv  - https://www.prnewswire.com

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NewImage

Every entrepreneur with a new technology tells me that his innovation will be industry-disrupting, meaning that it will render the existing technology obsolete, and create a new market. Yet truly disruptive innovations, like the smartphone from Apple and the rise of the Internet, are very rare, and are generally unpredicted. So why would any investor ever believe any of these claims?

Image: https://blog.startupprofessionals.com

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a family of chicks

The performance of family-managed firms is mixed. To understand the drivers of variation, the authors conducted a meta-analysis of 204 studies covering 3.8 million firms. They find that family businesses tend to suffer in countries where trust in family is high and trust in institutions is low. The best family-firm performers, though, are in countries that score high on trust in both areas, suggesting that the institutional factor is more important.

 

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steps...

You have invested the time, expertise, and financial resources to develop a therapy that changes patient lives for the better. After all of your hard work and dedication, how can you ensure your product reaches patients? What are the key commercialization considerations for healthcare innovators, large and small? Learn how to unlock product potential in this step-by-step guide to making the most of your commercialization investments.

 

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NewImage

Unicorn founders are springing up at a quicker rate than ever in Europe — but where are they all coming from? 

Using data from Dealroom, Sifted looked into which universities count the most European unicorn-founders among their alumni. We also looked at the number of founders in general and alumni-founded startups, focusing exclusively on those that are Europe-based.

Image: Cambridge Trinity College Great Court. Credit: Wikipedia Commons.

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Photo by National Cancer Institute on Unsplash

The US National Institutes of Health (NIH) are the largest public supporter of basic life science in the world.

With an FY2020 budget of $42 billion, most of their expenditures are university grants supporting either new discoveries or early-state clinical studies of promising treatments and diagnostic tests.

Since 1982, Congress has mandated that a fraction of the total annual NIH budget be put to work via grants or contracts to small life science and biotech companies rather than academic institutions.

Image: Photo by National Cancer Institute on Unsplash

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AURP DarmodyThe Endless Frontier bill, now incorporated into the U.S. Innovation and Competition Act, made progress in the U.S. Senate while parallel legislation in the House also advanced to create a Technology Directorate in the NSF. Congress and the Administration also advanced through the budget process and other Congressionally authorization bills billions of dollars to create new tech hubs, advanced manufacturing, increased tech transfer, test beds, and applied research. Collectively this is one of the largest investments in applied research and tech based economic development undertaken by the federal government.

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fish in pond with other fish

In the movie Jerry Maguire, a sports agent played by Tom Cruise is fired from his top agency after openly criticising its impersonal approach. He is forced to go it alone, but all his clients desert him, preferring to continue to be represented by a large, established organisation. That is, all except American footballer Rod Tidwell (played by Cuba Gooding Jr), who feels his career could use more personalised attention.

 

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Mike Swigunski

Entrepreneurship is not a sprint, it’s a marathon. Successful entrepreneurs don't have the expectation of  ‘finishing’. Instead, they understand that it’s all about overcoming the next obstacle that presents itself. Ed JC Smith, founder and CEO of The Champion Academy, has modeled his life and career on overcoming obstacles and teaching others to do the same.

 

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Two women talking

Katherine Jin was a junior majoring in biology and computer science at Columbia University in 2014 when the Ebola crisis in West Africa reached its worst point, and she wondered how she could contribute. “I knew that I wanted to help in some way, but I didn’t really know how I, as a student, could make any kind of impact.”

Image: https://www.nationalacademies.org

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people toasting with coffee drinks

After taking a year away from the ways you once socialized, you may be realizing you’re more of an introvert than you previously thought, or that you prefer spending time with your family, on your hobbies, or doing deep work, rather than participating in work-related social commitments. That’s OK. During this time of transition following the Covid-19 pandemic, as more of us get vaccinated and we begin to venture out, we all face a unique opportunity to reset how we invest our time.

 

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NewImage

(Reuters) – Global venture capital investments are at record levels this year, boosted by a surge in equities, higher liquidity and an increased interest in sectors that have benefited from the coronavirus pandemic.

According to Refinitiv data, global venture capital funds invested $268.7 billion so far in 2021, far outstripping their total investments of $251.2 billion a year earlier.

Image: https://kfgo.com

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checklist on clipboard

In my role as a business advisor, a complaint I often hear from owners and professionals alike is that there is just not enough time to get everything done. This is especially true from those of you who are perfectionists, and feel hard-pressed to delegate critical tasks to anyone who may be less capable. Even worse, I hear the terms control freak or micro-manager tossed around.

Image: https://blog.startupprofessionals.com

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