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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.

TNewImagehe 6th Annual BioHealth Capital Region (BHCR) Forum like many events in 2020, went virtual this year with over 1,110 online registrants and 59 speakers coming together. The Forum, which has been held at AstraZeneca (Formerly MedImmune) since 2014 in Gaithersburg, MD, brought together the BioHealth Industry with a full slate featuring leaders of industry, academia, and government. The common message throughout the entire agenda was how this region has continued to operate and innovate while working to help the world solve the COVID-19 Pandemic.

 

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ROCKVILLE, MARYLAND, October 20, 2020 – The Board of Directors of BioHealth Innovation, Inc. (BHI) unanimously approved the appointments of three new board members, Sally Allain, Head of JLABS @ Washington, DC, Joseph F. Sanchez, PhD,  Director, Science Engagement, R&D North America, AstraZeneca, and Robert Silverman, Chief Business Officer, Alloy Therapeutics, Inc. BHI’s leadership also thanked outgoing Board of Director member Tracey Vetterick, formally of AstraZeneca for her contributions to the organization and support of many years.

 

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Montgomery County Executive Marc Elrich joins BioTalk to discuss his Career Path, the BioHealth Industry and plans to support the Industry in MoCo.

Listen now on Apple https://apple.co/37dYS5Z, Google https://bit.ly/2IC4eOp, Spotify https://spoti.fi/2IDpN11, TuneIn https://bit.ly/31cjHuZ, and YouTube (Audio) https://bit.ly/31bsiho.

Marc Elrich was elected as Montgomery County Executive on Nov. 6, 2018. He had previously served three terms (12 years) on the Montgomery County Council as an at-large member, being first elected in 2006. He served as a Councilmember on the Takoma Park City Council from 1987-2006. For 17 years, he was a teacher at Rolling Terrace Elementary School in Takoma Park.

 

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BARDA Director of the DRIVe Catalyst Office, Justin Yang, Joins BioTalk to share how BARDA collaborates with the BioHealth Industry, partners with Incubators, and helps fund innovation.

Listen now via Apple https://apple.co/3dqDyLH, Google https://bit.ly/3jZyeRU, Spotify https://spoti.fi/34YL9xg, and TuneIn https://bit.ly/3k1uM9x.

Justin Yang is the Director of the DRIVe Catalyst Office. Justin will be charged with leading a great team of restless innovators focusing on expanding the impact of the Accelerator Network, BARDA Ventures program, and accelerating commercialization of technologies for DRIVe and other BARDA programs. He has served as a representative for BARDA and developed the National Biodefense Strategy framework and responsible for bringing diagnostics, therapeutics, and vaccines to market.

 

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Man in Black Jacket Using Laptop Computer Free Stock Photo

Industry 4.0, as a concept, has been around for almost 10 years now, but not much of it has seen the light. Many Industry 4.0 projects hover in the realm of "pilot purgatory," a Dantesque term that encapsulates the fate of most Industry 4.0 initiatives, 70% of which never make it out of proof of concept (POC) to be deployed in production.

 

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One of the biggest impediments to starting a new venture is the “terror barrier,” as popularized by Bob Proctor, a 85-year-old millionaire and world renowned entrepreneur. This is the imaginary barrier that always seems to appear at the critical point where we would step out ahead of peers or competitors, but fear causes us to stop short.

Everyone has a comfort zone, or level of risk, where they feel in control. The problem is that if you stay in that comfort zone too long, you don’t learn and achieve new objectives. According to Bob, all growth takes place outside that comfort zone, and the edge of that zone is called the terror barrier.

Image: https://blog.startupprofessionals.com

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A 5 cent sensor may detect COVID 19 in 10 minutes at home

One of the hardest parts of controlling COVID-19 is that it’s very difficult to know if you or someone you know is carrying it asymptomatically. So you might let your guard down, spend time in close proximity to someone else, and help it spread. Testing is useful to curb this issue, but the wait on a test result can still take days. So it’s difficult to say for sure, at any given moment, if you actually have COVID-19 or not.

Image: courtesy Caltech

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Boy in Yellow Crew Neck T shirt Sitting on Chair Free Stock Photo

In a perfect world, we would learn from success and failure alike. Both hold instructive lessons and provide needed reality checks that may safeguard our decisions from bad information or biased advice.

But, alas, our brain doesn’t work this way. Unlike an impartial outcome-weighing machine an engineer might design, it learns more from some experiences than others. A few of these biases may already sound familiar: A positivity bias causes us to weigh rewards more heavily than punishments. And a confirmation bias makes us take to heart outcomes that confirm what we thought was true to begin with but discount those that show we were wrong. A new study, however, peels away these biases to find a role for choice at their core.

 

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product management

Long live product management – but not as it has been conceived up till now.

As a business leader, you probably think similarly to McKinsey about what makes a great product manager (PM): a perfect combination of skills like business acumen, market orientation, technical skill and soft ones… the usual suspects.

Unfortunately (or fortunately, depending on your position), just as our management thinking is becoming outdated and requires reform, we also need to update our view of this ultimate management role.

 

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I would guess that most of you are early adopters, just by the fact that you are interested enough to come here and see what’s new in the business world. Every entrepreneur and startup loves you, but too many forget that every potential customer is not like you. In fact, early adopters represent only a small percent of the total opportunity, and may derail your mainstream effort.

Image: https://blog.startupprofessionals.com

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T-Rex Skeleton

On October 6, 2020, an anonymous buyer paid an astounding $27.5 million ($31.8 million with fees and costs) to own Stan, one of the world's largest and most complete Tyrannosaurus Rex (T. rex) skeletons. The price far surpasses the previous record holder, Sue — the largest and most complete T. rex skeleton — which was auctioned to Chicago's Field Museum of Natural History for $8.36 million in 1997.

Image: Stan, an almost complete T-rex skeleton, sold for $27.5 million on October 6, 2020 (Credit: Christie's)

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IndieGogo Logo

The digital era has made raising funds for your business idea, nonprofit cause, or personal needs easier with the use of online crowdfunding platforms. To date, people have raised more than $34 billion worldwide using these platforms, with easy-to-use tools that provide a smooth experience for both fundraisers and their supporters.1 Whatever your reason for raising money, there is a crowdfunding site for you. 

 

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Meeting - People around a table.

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. That’s like trying to sell part of something to a stranger for big money when you haven’t fully defined it yet. It won’t work, it costs time and money, and hurts your credibility when you need them later.

Image: https://blog.startupprofessionals.com

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employees

The idea that your actions at work contribute to the betterment of society — to help protect the environment, end poverty, or promote social justice — is an inspiring one. Recent research suggests that it can be a powerful motivator too. Indeed, the once-monolithic view of financial incentives as the way to motivate employees has been challenged by a wave of studies showing that linking people’s work to prosocial causes can motivate people in ways that transcend their paycheck or bonus. Employees want to see themselves as good people and work on behalf of organizations that positively contribute to the world. Consequently, when their actions advance a prosocial cause, they may work harder, for longer hours, and even for less compensation.

 

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What is MedTech Color?

MedTech Color is a non-profit organization focused on ensuring people of color enter, remain, and flourish in the medtech industry. There is immense untapped potential from people of color, and we’re committed to providing and promoting opportunities for them to make a meaningful contribution to the industry.

Image: https://www.mddionline.com

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Stephen Hahn, M.D., Commissioner of Food and Drugs - Public Domain

Video Transcript JOHN WHYTE: You're watching "Coronavirus in Context." I'm Dr. John Whyte, chief medical officer at WebMD. Today I'm joined by Dr. Stephen Hahn. He's the commissioner of the US Food and Drug Administration. Dr. Hahn, thanks for joining me.

STEPHEN M HAHN: John, thank you. Really appreciate the opportunity, and it's great to be part of this webcast.

 

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Apublic-domain microphoneround the world, Hopkins has become a leader in communicating science to nonscientists during the COVID-19 pandemic. The Bloomberg School of Public Health has been applauded for its viral Instagram graphics, and the Whiting School of Engineering’s COVID-19 dashboard continues to receive heavy traffic. In addition, the School of Medicine sponsors an annual “boot camp” to connect science writers with University researchers.

Image: PUBLIC DOMAIN

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Students are given bus stickers after getting off the bus at Northeast Elementary School in Jackson on Tuesday morning, Aug. 25, 2020. Jackson Public Schools buses will soon begin delivering WiFi into neighborhoods where district families can't afford internet access.J. Scott Park | MLive.com

JACKSON, MI - With around 35% of students unable to afford or have access to internet service, Jackson Public Schools Superintendent Jeff Beal knew he had to do something to help with remote learning during the COVID-19 pandemic.

So, Wi-Fi service is on its way to those students via the district’s school bus fleet, allowing families free internet access to connect their devices to on days they aren’t participating in face-to-face school.

Image: Students are given bus stickers after getting off the bus at Northeast Elementary School in Jackson on Tuesday morning, Aug. 25, 2020. Jackson Public Schools buses will soon begin delivering WiFi into neighborhoods where district families can't afford internet access.J. Scott Park | MLive.com

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