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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.

Quantum Computing

Quantum technology is approaching the mainstream. Goldman Sachs recently announced that they could introduce quantum algorithms to price financial instruments in as soon as five years. Honeywell anticipates that quantum will form a $1 trillion industry in the decades ahead. But why are firms like Goldman taking this leap — especially with commercial quantum computers being possibly years away?

 

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MAn running on road... cartoon

Businesses always seem to take longer to succeed than an entrepreneur expects. Seth Godin once said that overnight success in startups takes about six years, and Seth is an optimist. Thus we all look for shortcuts. Execution shortcuts would be hidden strategies to achieve the endgame sooner, without losing 40 to 60 percent of the financial potential along the way.

Image: https://blog.startupprofessionals.com

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Virgin Hyperloop could be the future of mass transport World Economic Forum

In the desert just north of Las Vegas, a long white metal tube sits at the base of the mountains, promising to one day revolutionize travel.

That is where Virgin Hyperloop, whose partners include Richard Branson's Virgin Group, is developing the technology for passenger pods that will hurtle at speeds of up to 750 miles an hour (1,200 kph) through almost air-free vacuum tunnels using magnetic levitation.

Image: The Hyperloop can travel up to 750mph. Image: REUTERS/Mike Blake

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tesla in space

One of the business ironies that many entrepreneurs have learned the hard way in the past is that ideas which are truly disruptive carry the highest risk of failure, take the longest to gain traction, and thus are the least likely to get external funding. So some entrepreneurs stick with incremental solutions, avoiding more transformational or adaptive solutions implying disruptive change.

Image: https://blog.startupprofessionals.com

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Battery Graphic

Batteries have always been a highly sought-after application for graphene materials, bearing promises of expanded capacity, ultra-fast charging, improved safety of use and more.

Early testing in labs and research institutes were very promising, but the move from lab to market proved more challenging than people expected. Even today, in 2021, graphene batteries aren't on the market yet, in any major way.

Image: https://www.graphene-info.com

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Question mark drawn on white board.

Some weird and unexpected things have happened in the last year and a half as this country has passed through the pandemic. A lot of it, frankly, has been bad — but not all of it.

And in particular, not if you’re in the high-flying venture capital and VC-funded startup-business world. For the first half of 2021 — as of the end of the second quarter in June — $150 billion has been invested in startups from seed-stage to late-stage companies, according to new data from the National Venture Capital Association.

 

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Childrens Hospital

If you are interested in pediatric medical device innovation or alternative solutions to surgery such as focused ultrasound, these two topics will merge at the Pediatric Device Innovators Forum, July 22, from 2 – 3:30 p.m. This free livestream event, hosted by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI), features clinical, regulatory and reimbursement experts discussing the topic “Focused Ultrasound for Pediatric Indications.”

Image: https://medcitynews.com

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Cursor and Notification Center

When you hear or read the word “entrepreneur,” you may immediately think of high-profile, global business people such as Oprah Winfrey in the United States, Richard Branson in the UK, Jack Ma in China or Aliko Dangote in Nigeria. Each one of these entrepreneurs has focused on innovation and individual responsibility, often incurring great financial risk for even greater financial rewards.

Image: https://news-decoder.com

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desktop with a person writing the word learn

Israel has long been known as the “Startup Nation” with more than 6,000 active startups, making it the world leader for startups per capita. Recently, with the increase in unicorns (Israel has the highest number of unicorns per capita) as well as R&D centers of multinational corporations (530 R&D centers), Israel is transforming to become the “Scale-Up Nation.”

What are the secrets that make a country with only 9 million people have so many successful high-tech companies? Well, in my opinion, it’s all about the people and the location. Innovation and entrepreneurship are a necessity. There’s no other way. You must innovate and create to survive. When it comes to Israel, I call it “The Island Syndrome.”

 

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NewImage

Massachusetts startups raised $17.4 billion in venture capital in the first six months of 2021, exceeding the total amount brought in last year and breaking all-time annual records, according to a report from PitchBook-NVCA Venture Monitor.

The flood of money backing private companies spanned biotechs such as Adagio Therapeutics and Affinivax, cybersecurity firms like Snyk and Aura, and e-commerce players Thrasio and Perch. The $775 million raised by Perch, which owns dozens of small outfits that sell goods online on Amazon, was the largest deal in Massachusetts so far this year.

Image: Flywire chief executive Mike Massaro. The Boston company had an IPO in May after raising hundreds of millions in venture capital over a decade.COURTESY OF NASDAQ

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NIMBLE Logo

NEWARK, Del., July 14, 2021 /PRNewswire/ -- Today, the National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL) confirms that it has received $153M in new funding from the National Institute of Standards and Technology (NIST) as announced by U.S. Commerce Secretary Gina Raimondo at NIIMBL's National Meeting in Washington, DC. The two awards include $70M to continue federal funding for NIIMBL for an additional five years and an additional $83M for coronavirus response projects under the American Rescue Plan (ARP).

 

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EMPWR LogoBUFFALO, N.Y.--(BUSINESS WIRE)--Emerge Capital Management (“Emerge”) has officially launched EMPWR, an emerging managers program. Emerge’s EMPWR program includes a roster of elite, emerging portfolio managers with a special focus on women portfolio managers. It provides full back-office support, platform support, and ESG monitoring dedicated to high performance. 

“What's important is that we are focusing on top performing managers who would earn their place at the table not just because they are wonderful, talented women, but because they are strong credible portfolio managers”  Tweet this 

utah mountains

SALT LAKE CITY — A new group is combining public and private sector organizations to propel Utah further into the 21st century.

The Wasatch Innovation Network (WIN) is a statewide, multi-industry initiative of groups to promote research, development and commercialization in the state.

The organization's mission is to develop Utah as a global, innovation economy. WIN is also a nonprofit that will promote the state as an international leader in technology transfer, manufacturing and marketing, as well as offer support services to businesses throughout Utah.

 

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China - Shanghai

The United States is poised to launch a much-needed initiative to advance American global competitiveness. Done right, such an initiative could usher in a U.S. era of strong, inclusive and sustainable economic growth, along with reinvigorated global leadership. Both Congress and the Biden administration are contemplating major initiatives. They should take bold action, lest they squander this moment.  

 

Brian Darmody

Improving university/corporate research partnerships is key to advancing US competitiveness. Reform of the IRS rules surrounding corporate sponsored research taking place in university facilities funded by tax-exempt bonds has long been sought by the higher education community and will stimulate more public-private partnerships. With Congress considering new ways to fund research through a new NSF Technology Directorate and the possibility of a large infrastructure package, an opportunity is now open for Congress to address these long-standing reforms in IRS rules.

 

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Coaptech logo

BALTIMORE, July 14, 2021 /PRNewswire/ -- CoapTech, Inc, a medical device company focused on delivering transformative solutions for minimally-invasive surgery, announced today it has received CE Mark certification, as well as an approved CPT Procedure Code for its PUMA-G System, the world's first and only ultrasound gastrostomy system that allows physicians to place gastrostomy tubes at the point of care, using solely ultrasound imaging.

The PUMA System™ is a new category of minimally invasive devices, enabling ultrasound to be used for procedures in hollow organs of the body where previously it was impossible or unsafe to do so. The first application of the PUMA platform technology, the PUMA-G System, is an FDA-cleared procedural kit allowing bedside clinicians, rather than consultant specialists, to place gastrostomy tubes using solely ultrasound and their existing skill sets and team. With CE Mark approval, the PUMA-G System now has the potential to improve efficiency, safety, and cost-effectiveness on an international level. CoapTech plans to begin a targeted launch in Europe later this year. 

 

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person with postits on whiteboard

With the recent pandemic and more people not wanting to leave their houses to shop than ever, eCommerce has boomed in 2021. The rise in share prices of Shopify (SHOP) and Amazon (AMZN) in the last 18 months is certainly proof of that. That trend is set to continue.

Because more shoppers are demanding online service, the industry has grown more and more competitive. That means standards of service and experience are constantly increasing and store owners are jostling for the one-up over their competitors. Independent eCommerce store owners are also having to compete with the likes of Amazon, with their Prime offering and free 2-day shipping.

 

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Woman wearing VR headset

Virtual reality is fun. But what if it could be more than fun? What if VR could make you smarter?

For more than 70 years, scientists have known about a brain phenomenon called the “theta rhythm.” To oversimplify it, your brain thinks not just in frequencies but in syncopated beats. And the theta is the most prominent rhythm in the brain.

 

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