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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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Research shows that in many types of sequential competitions, the order of competitors can have a significant effect on judges’ evaluations. In some music and sports competitions, for example, competitors who go last have an advantage, while in sales or persuasive argumentation, studies have shown that going first is advantageous. But what effect does competitor order have for startup pitch contests?

 

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In much of the Northern Hemisphere, it’s back-to-school season. But this year’s preparations are fraught with added anxiety as educators, public-health officials, and parents try to balance the need to reduce the spread of the coronavirus with the desire to get students into more productive learning environments.

The first priority of every school system must be to reduce virus-transmission rates and protect the health and safety of students and staff. System leaders at the national and local levels must adapt their strategies to reflect the level of transmission in their communities. In a fast-moving pandemic, that’s no easy task. Circumstances change weekly, and even countries with low case counts today should be vigilant and ready to change course in the event of a resurgence.

 

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roller coaster

At a startup, plans and priorities can change on a dime. That’s not exactly a ground-breaking statement — it’s a concept that’s well-understood and oft-discussed. But what gets considerably less attention is how each pivot brings a corresponding spike, not just to a startup's operating rhythm, but to the emotions of all the humans involved in pulling off these feats.

 

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It’s easy to have an “always-on” mentality when you’re an entrepreneur. You own a business that depends on you to survive, so you never really get a day off—right?

This attitude can be detrimental both to your business and to you as the owner. While you might feel uncomfortable or guilty taking time off, it’s essential to give yourself time to rest so you can come back strong and rejuvenated. Otherwise, you're likely to end up burning out and being a less effective leader.

 

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In 1979, MIT researcher David Birch published a report that would, unlike most studies in the field of economics, become big news. Examining more than 5 million individual firm employment records provided by the corporate information-giant Dun & Bradstreet, Birch purported to show that between 1969 and 1976, more than 80 percent of jobs were created by businesses with fewer than 100 employees.

 

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laptop office

For many years, we have sought to understand and measure the productivity of knowledge workers, whose inputs and outputs can’t be tracked in the same way as a builder, shelf-stacker, or call center worker. Knowledge workers apply subjective judgment to tasks, they decide what to do when, and they can withhold effort (by not fully engaging their brain) often without anyone noticing. This make attempts to improve their productivity very difficult.

 

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entrepreneur

I could have also titled this, "Stop Doing What You Are Not Good At And Become An Entrepreneur."

This article essentially continues on from my recent Forbes Coaching Council articles. It's the third part of a series around building a successful online business and a powerful personal brand and some of the pitfalls to avoid when moving through these processes.

 

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Kentucky s tech commercialization partnership supports academic innovators and university startups Louisville Business First

Some of Kentucky’s most powerful companies — those able to revolutionize industries or launch entirely new ones — may currently occupy the minds of future innovators and hinge on university research yet to be developed.

Whether in agritech, pharmaceutical sciences, fintech, geotech, biotech, medical devices or other fields, Kentucky’s higher-education institutions and the state’s own residents hold real potential. A new public-private partnership was created to unite Kentucky’s entrepreneurial resources and its public universities to help innovators turn their ideas into reality.

Image: https://www.bizjournals.com 

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Susan Shows, senior vice president of the Georgia Research Alliance since 2008 and with the organization since 2001, has been named its new president by the board of the public-private entity, effective Sept. 1.

Shows succeeds Russell Allen, who has been president of the Alliance since September 2018. Allen has decided to pursue working with a new firm focused on providing commercialization services for life science startups, according to Amanda Schroeder, GRA’s vice president of marketing and community relations. Before joining GRA, Allen served as president and CEO of Georgia Bio for six years.

Image: Susan Shows (Special: Georgia Research Alliance) 

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A significant portion of the work of BioEnterprise Corp., the Cleveland nonprofit that has supported young biotechnology companies and that sharply curtailed its services in the spring, is being taken over by JumpStart Inc., another nonprofit that supports a broader range of entrepreneurs.

Image: Crain's Cleveland - BioEnterprise owns two floors of the four-story building in University Circle that bears its name.

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Mass Tech Transfer Center exits UMass now part of MassVentures Boston Business Journal

The Massachusetts Technology Transfer Center, or MTTC, which helps colleges and universities manage their faculty research IP and commercialization, has been folded into MassVentures, the quasi-public agency that invests in state startups.

Image: FILE — Abigail "Abi" Barrow was the director of the Massachusetts Technology Transfer Center between 2004 and 2018. - https://www.bizjournals.com

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Academic

It’s been a rough summer for the nearly four million people who work at colleges. The coronavirus pandemic has pummeled budgets, leading to hiring freezes, furloughs, layoffs, and uncertainty about what’s next. How bad is it? The U.S. Bureau of Labor Statistics estimates that the sector has shed tens of thousands of jobs since February.

 

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The relationship between migrant entrepreneurship and the economic development of host countries is increasingly highlighted, as are now adopting strategies to entice the migrants’ entrepreneurial innovations. According to a study conducted by Research Gate, 204 firms were established by immigrants, between American enterprises listed in the Fortune 500 list for 2010, resulting in the revenues of $4.2 trillion and employing more than 10 million people worldwide.

 

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Regulators have approved a proposal from the New York Stock Exchange to let companies raise capital through direct listings, a decision that creates a less-expensive alternative to the traditional initial public offering.

In an order posted online Wednesday, the Securities and Exchange Commission approved the plan for the NYSE to create a new type of direct listing, in which companies can issue new shares. Previously, companies had only been permitted to use the process for existing investors to sell shares.

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WASHINGTON, D.C. -- The coronavirus pandemic has led to a surge in remote work. However, that surge is more apparent in the number of remote working days for telecommuters than in the number of workers moving from on-site to at-home work.

Since Gallup last asked about remote work in October 2019, there has been a modest uptick in the percentage of U.S. workers who report having ever telecommuted for work, from 42% to 49%. The recent figures demonstrate the growth in remote work over recent decades from 9% in Gallup's initial measurement in 1995.

Image: https://news.gallup.com

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"HAH, build a national car? Where do you even start," exclaims Halim Hassan, former manager of Design Management for One man s incredible Saga in designing Malaysia s first national carProton Holdings Bhd (Proton), his eyes under his dark-rimmed glasses flashing mock bewilderment.

Incredulously, he adds: "Nobody had taught us how to build a car before. We were never trained. So, yes, when the-then Prime Minister, Tun Dr Mahathir Mohamad decided to approve a national car project in 1982 in order to accelerate technology transfer, increase local content etc, I don't think I was the only one with my mouth hanging open!"

Image: Picture by Intan Nabila Syahirah. 

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