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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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WASHINGTON, D.C. -- As coronavirus infections are spiking in U.S. states that previously had not been hard-hit, a new high of 65% of U.S. adults say the coronavirus situation is getting worse. The percentage of Americans who believe the situation is getting worse has increased from 48% the preceding week, and from 37% two weeks prior.

 

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leader

What preoccupies CEOs during the coronavirus pandemic? What challenges do they face? How do they deal with those challenges? What are the winning strategies? To answer these questions, we surveyed more than 300 CEOs and conducted over 30 interviews in Denmark, France, Germany, Hungary, Italy, Ireland, Poland, Russia and the United Kingdom.

 

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Tel Aviv

The role of global corporations is key to the success of the Israeli ecosystem, according to a report released on Wednesday by innovation advisory firm Mind the Bridge. The report, called “Corporate Innovation in Israel“, was released as part of the Digital Scaleup Summit Israel 2020 and Climate Policy Forum organized by the European Commission –  DG for Research and Innovation and the EU Delegation in Israel.

 

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Fueling an Innovation Ecosystem for Startups to Thrive BioBuzz

Join us for a lively discussion between our region’s top innovators and connectors to hear about their efforts to help grow the innovation ecosystem and the pipeline of successful startups across the BioHealth Capital Region.

On this webinar, you will learn how you can take advantage of the many resources available throughout the region that will help your company go to market AND increase the opportunity to find success in the process.

Image: https://biobuzz.io

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Person Holding Thermometer Free Stock Photo

Workplaces do it. Newly reopened public libraries do it. LAX does it. Some restaurants, bars, and retail stores started doing it when governors let them serve customers again: Use temperature checks — almost always with “non-contact infrared thermometers” — to identify people who might have, and therefore spread, the infectious disease.

 

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Flag Of America Free Stock Photo

When deciding where to put down roots, many factors are in the eye of the beholder, such as climate, politics, or proximity to extended family.

Other aspects are coveted by nearly everybody: affordable housing, access to well-paying jobs, a low cost of living, good schools, and quality healthcare. In its ranking of the best places to live in America for 2019, U.S. News & World Report gathered data on these crucial components for more than 100 US cities.

 

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Forget telehealth Drive through doctors are here

Architecture firm NBBJ has come up with a new concept that could reduce the risk of contamination for patients visiting hospitals: a drive-through medical clinic.

While there have been plenty of drive-through testing facilities for those exhibiting symptoms of COVID-19, a full care unit where doctors can treat patients in their cars is new. NBBJ—whose recent projects include Tencent’s new headquarters in Shenzhen, China, and buildings for the NYU Langone medical system—calls it The In Car Care Unit. And it has already drawn interest from two hospital clients in the Northeast.

Image: Image: NBBJ - https://www.fastcompany.com

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coins

A decade ago, mainstream experts weren’t predicting that the cost of solar power would fall as steeply as it has by 2020—it’s now down more than 80% so far. Tony Seba, a Silicon Valley entrepreneur and investor, was one of the few to get the forecast right. Seba and investor James Arbib, who run a think tank called RethinkX, now say that similar changes could happen in other parts of the economy, transforming the cost of everyday life so significantly that it could pull people out of poverty.

 

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The coronavirus pandemic is not simply a crisis to be endured until it’s over. True, lockdown restrictions are lifting in many parts of the world. But as people venture cautiously out, they are encountering not just a world interrupted, but a world changed. We have all been part of an ongoing and extraordinary — if involuntary — experiment. Companies have had to scramble, improvise, and invent with no time to lose or second-guess, and customers have had to rethink priorities and loyalties.

Image: Photograph by Capuski

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healthcare

Healthcare stakeholders are seeking ways to reward quality and value. As providers continue to manage COVID-19, value-based payment programs may provide support.

COVID-19 has created an exogenous shock to the healthcare system, including a major disturbance of traditional utilization patterns and provider finances. Payers, providers, and state and federal governments had been embarking on a journey to transform the US healthcare payment system from one that rewards volume to one that rewards quality and value.

 

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Every entrepreneur I know finds it a challenge to balance the joys of entrepreneurship against a set of frustrations they never anticipated. Of course, most of you expect that raising money will be difficult, as well as staving off competitors, and handling that occasional toxic customer. What you don’t expect is to feel out of control, or to always be fighting the many demands for your time.

 

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COVID 19 Tracker COVID Business Response Center McKinsey Company

Amid the fallout from the coronavirus pandemic, the position of the nation’s small businesses overall appears bleak. The sectors most affected by the coronavirus and the least financially resilient sectors include 1.7 million small businesses, employ 20 million workers, and contribute 12% of US business revenue. A long-lasting COVID-19 crisis could continue to affect these sectors disproportionately and make more of their firms vulnerable to permanent closure. As it is, McKinsey analysis of several small-business surveys suggests that before accounting for intervention, 1.4 million to 2.1 million US small businesses (25% to 36%) could close permanently as a result of the disruption from just the first four months of the COVID-19 pandemic. For more, please read the McKinsey article “Which small businesses are most vulnerable to COVID-19—and when.”

Image: https://covid-tracker.mckinsey.com

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When working from home (WFH), you still need to take care of your personal life.

#WFH #WorkFromHome #WorkingFromHome #RemoteWork

 

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Why Nurturing Talent Will Help Companies Survive the Pandemic Knowledge Wharton

What is common between leaders like San Francisco 49ers head coach Bill Walsh, Oracle cofounder Larry Ellison and California cuisine pioneer Alice Waters? They, and scores of others like them, “generate and regenerate talent on a continuous basis,” according to Sydney Finkelstein, a professor of management at the Tuck School of Business at Dartmouth College.  

Finkelstein discusses this leadership trait, among others, in his recent book The Superbosses Playbook, a sequel to his earlier book Superbosses. In his research, he aims “to find people who have that track record and then do deep dives into them and all of their proteges and colleagues” to try to see what makes them tick. (He speaks with such individuals on his own weekly podcast, The Sydcast.)

Image: https://knowledge.wharton.upenn.edu

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Woman Writing on Dry erase Board Free Stock Photo

Teachers had to quickly adjust their lessons and methods of teaching so they can continue their students' education during the novel coronavirus pandemic. Although teachers have the incredibly important job of educating the next generation of Americans, their earnings vary widely across the country.

Nationwide, the average public school teacher salary for the 2018-2019 school year was $61,730, according to data from the Department of Education's National Center for Education Statistics. While the nominal teacher salary has increased over the last couple decades, when adjusted for inflation, average salary has dropped over time — about 1.3% lower than the $62,545 average in the 1999-2000 school year using 2018-2019 dollars.

 

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Indiana launches first of its kind 5G Zone to advance innovation and related technologies Purdue University News

WEST LAFAYETTE, Ind. — Purdue University will reach 275 startups within the coming fiscal year in startup creation. Providing strength and longevity to Purdue-affiliated startups is the more than $400 million dollars in support and investments the startups have brought to Indiana, much from venture capitalists.

“Venture capitalists are interested in companies with innovations that make an impact in the marketplace,” said Purdue alumnus Bruce Schechter, who co-founded Silicon Valley Boilermaker Innovation Group, SVBIG, to support Purdue’s startup creation.

 

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NCC PDI Pediatric Medical Device Pitch Competition Deadline Extended Children s National Hospital

WASHINGTON, June 29, 2020 /PRNewswire/ -- Ten finalists have been named in the prestigious annual "Make Your Medical Device Pitch for Kids!" competition presented by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI). Representing innovations in cardiovascular, orthopaedic and spine, and neonatal intensive care unit (NICU) medical devices, finalists were selected from a field of 30 semi-finalists who competed in March 2020.  The ten innovators now have access to a new pediatric accelerator program and will compete for FDA-funded grants of up to $50,000 each in the final virtual pitch event on Oct. 7 as part of the 8th Annual Symposium on Pediatric Device Innovation, co-located with the MedTech Conference, powered by AdvaMed.

 

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diversity

Venture capital has a race problem.

Studies show that out of all VC funding, less than one percent goes to Black founders. If that number wasn’t staggering enough, according to Forbes only three percent of VC funds employ Black or other minority professionals. Black entrepreneurs and those in the investment realm agree: to increase the amount of VC money going to Black businesses, we must first crack the pipeline puzzle.

 

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