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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.

european union flag

In recent years, Europe’s start-up ecosystem has seen a surge in the number of unicorns and the pace at which they are created. Of the 99 venture-capital-backed European unicorns, 14 were added in 2019 alone.1 These include Germany’s neobank N26, France’s healthcare scheduling service Doctolib, and Lithuania’s online used-clothing marketplace Vinted. Despite this accelerated activity, European start-ups still lag in achieving successful late-stage outcomes when compared with other start-up ecosystems.

 

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Chris Schembra

For those new to the job market, the landscape has never looked direr. Between the record levels of unemployment and the nationwide internship cancellations, even the most qualified 2020 graduates are having difficulty finding their paths forward. 

The young people graduating today are as capable and clever as ever. Still, many of them lack the resources necessary to get a leg up in their industry. For business leaders, it’s time to start thinking of ways that you can use your experience and seniority to help out those who need it. 

 

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leadership

Startups provide leadership in the market. Entrepreneurs provide leadership to their startup. There are many styles of leadership, like dictatorial, laissez-faire, and democratic. One that I hear discussed more these days, in this age of relationships, is called “servant” leadership.

What is servant leadership? The servant leader serves the people they lead through mentoring, direct assistance, listening, and acting on their employees input. It’s the opposite of self-serving, domineering leadership, and makes those in charge think harder about how to respect, value and motivate people reporting to them.

 

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Johnson Johnson Innovation Announces Launch of JLABS Shanghai in Collaboration with Shanghai

October 14, 2020 – Johnson & Johnson Innovation announced today at the virtual 2020 HLTH conference the awardees for the JLABS @ Washington, DC Children’s, Maternal Health, and Diversity in Innovation QuickFire Challenges, which respectively aimed to catalyze pediatric innovation, improve maternal health in the United States, and support diverse innovators. These challenges embody Johnson & Johnson Innovation’s commitment to catalyzing potential solutions to today’s greatest healthcare challenges.

 

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question

The gig economy has exploded over the past decade, with companies such as Uber, DoorDash, and Airbnb matching consumers with contract workers willing to provide them with transportation, home rentals, and other services. It’s given consumers more options and convenience, and upended the taxi, restaurant, and hotel industries, among others.

But the gig economy may have another effect as well: gig-work opportunities may help people make the leap to entrepreneurship and start their own businesses, according to research from Washington University’s John M. Barrios, Rice University’s Yael V. Hochberg, and Rice PhD candidate Hanyi Yi.

 

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Sara Caroline Sabin

Have you heard that 80 percent of success is mindset? Listen to any top performer speak about their success, and the topic of mindset will usually arise in some form or another.

Can you achieve success without having a strong mindset? In my experience, the answer is yes. To a certain extent. But there will invariably be an invisible glass ceiling that you just can’t seem to get beyond. What that might look like varies from person to person. Maybe the successes that you do have will not bring you joy or satisfaction, but instead will create a sense of emptiness. Or you achieve what you set out to do, but at the cost of your mental health or your relationships. Or you act in a way contrary to your values.

 

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Cloud Computing - Laptop on Desk with Person Typing

The need for superior speed and agility continues to push companies toward cloud adoption. But while historic predictions anticipated that upwards of 16 percent of enterprise workloads would be in cloud—infrastructure as a service (IaaS)—by 2019, there is a clear lag in 2019’s actual figure, which is half as large, at less than 9 percent.1 For the most part, this delay in cloud adoption does not stem from a lack of ambition. Many company leaders have encountered major roadblocks along their path toward cloud or have gotten cold feet once they questioned its impact on costs, security, latency, and more.

 

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Justing and Right Bendis Biotalk Cover Image

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.

 

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NewImage

People with a victim mentality should never be entrepreneurs. We all know the role of starting and running a business is unpredictable, and has a high risk of failure. For people with a victim mentality, this fear of failure alone will almost certainly make it a self-fulfilling prophecy.

I’m sure you all know someone who is the perennial victim. The problem is that most of these people aren’t likely to accept your assessment, so it’s hard to help them. They don’t see themselves as others see them, and many simply refuse to accept the reality of the world in general.

Image: https://blog.startupprofessionals.com

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take out by - Doug Donaldson -

When it comes to the American economy, one thing is certain: If you are looking for doom and gloom, it’s not difficult to find.

There’s this recent New York Times headline: “New Layoffs Add to Worries Over U.S. Economic Slowdown.” Or this one from Bloomberg: “U.S. Economy Not in a V-Shaped Recovery.” On a daily basis, Americans wake up to pessimistic projections about the COVID-19 pandemic and the economic growth that it has curtailed. Walking down the street, you are bound to run into a shuttered business or an unemployed worker.

Image: Doug Donaldson - Flickr

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Interview - 2 people.

We talk a lot about finding a culture fit when job seeking, but much less about finding the right fit for our values. Culture determines how work gets done, but values show how companies prioritize, make decisions, and reconcile conflict. A culture may celebrate innovation, but values determine what gets sacrificed in the pursuit of it.

 

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Logo for the NVCA

SEATTLE, Oct. 13, 2020 /PRNewswire/ -- Though external economic headwinds due to the coronavirus pandemic persisted in the third quarter, venture capital (VC) exit activity saw a major uptick, achieving the second highest exit values on record, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on venture capital activity in the entrepreneurial ecosystem jointly produced by PitchBook and the National Venture Capital Association (NVCA), with support from Silicon Valley Bank and Certent. The positive momentum from the stock market in recent months, particularly the performance of new listings, has encouraged companies to move forward with IPOs if they were prepared and considering that exit route. On the dealmaking side, this report includes PitchBook's proprietary deal estimation methodology for the first time, which will be included in all future reports, to better account for investment data reported after the quarterly publication date. Investors have continued to consolidate capital into their most valuable and mature businesses leading to a consistently high volume of VC mega-deals.

 

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Report Cover

Lags in the collection of venture data occur due to how deals are reported to regulatory agencies and announced to the public, causing datasets to grow with new deals for some time after a quarter ends. In past editions of the PitchBook-NVCA Venture Monitor, we have noted that deal and exit counts were likely to shift upward over time. We have now added estimations to charts in order to more fully capture movements in the venture industry. In this research note, we explain and examine those estimations, including why they occur and how we use past data to estimate true deal and exit counts from the past four quarters.

 

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Person setting at desk with computers.

WASHINGTON, D.C. -- The coronavirus pandemic has affected U.S. workplaces like nothing else in modern history, including high unemployment, the shuttering of businesses, and the shift of many workers to off-site, remote work.

Gallup has been tracking full- and part-time U.S. workers' activity and attitudes amid the COVID-19 pandemic using its online, probability-based panel survey since March. The latest data, from September 14-27 polling, have provided further insights about the evolution of workers' views of remote working.

Image: https://news.gallup.com

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Girl holding up a lightbulb

There are scores of good books devoted to where new ideas come from, but when did you last see anything about where do old ideas go to? There is danger when we are not mindful of an idea’s inherent perishability, and continue on with it well past its prime potency. This is what the avant-garde composer John Cage referred to when he admitted that while many people are afraid of new ideas, he was afraid of old ones. 

 

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CONTRIBUTED PHOTOS BY CHARLES HSU, MADISON VELDMAN, DANIELLE GOULD

Madison Veldman hadn’t heard another soul in her residence hall until the yelling started. On Day 7 of quarantine in the New York University high rise, students started leaning out of their dorm-room windows, shouting to one another from the building’s east and west wings.

Veldman, a freshman from Indiana, quickly joined in on the chatter. She’d been excited to start college in a city she’d never been to before, but “being alone in this room for so long kind of killed that excitement.” Being able to shout out her window to her neighbors has made her feel a little better, she said.

Image: CONTRIBUTED PHOTOS BY CHARLES HSU, MADISON VELDMAN, DANIELLE GOULD 

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Video Conference on Computer

Love them or loathe them, with the work-from-home era showing no sign of abating, conference calls are here to stay.

Video calls have become increasingly prevalent throughout the pandemic, enabling teams to conduct business remotely. It’s important meeting attendees present themselves in as professional light as possible during remote meetings.

Despite the need for professionality on conferencing calls, an awkward moment is never far away.

 

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Michigan Rise Executive Director Jeff Wesley
COURTESY PHOTO

A new capital fund seeded with state money got off to a quick start and has made investments in a half dozen young technology companies since launching two months ago.

Administered by the Michigan State University Foundation, Michigan Rise has at least a dozen more potential deals to fund in the pipeline and is considering at least 30 more startups, a reflection of the high demand for early-stage capital.

Image: Michigan Rise Executive Director Jeff Wesley COURTESY PHOTO

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