Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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.

texas

From 2010 to 2018, Texas swelled by almost 3,400,000 inhabitants. 

That's for a total of 28 million residents — more than the entire population of Australia.  

To get a read on where people are moving to, Business Insider used US Census Bureau data, to rank the metropolitan statistical areas in Texas by total net migration between 2010 and 2018 — the number of people who moved into the metro area during that period from another part of the US or another country, minus people who moved out of the metro area — adjusted by the metro area's 2010 population.

 

Read more ...

checklist

Crowdfunding is a great way for a business to leverage its supporters' input to craft their product and fund its development. And for many startups and first-time business owners, crowdfunding has been the key reason they’ve been able to get their companies off the ground.

The world of crowdfunding is varied, however, and for every success story, there are more than a few failures. Things like trying to do too much and not having a plan go a long way toward causing these projects to collapse.

 

Read more ...

NewImage

For startup entrepreneurs experiencing difficulty — or exasperation — in trying to get financing for their businesses via traditional means, crowdfunding offers an alternative.

Crowdfunding can be an effective way to raise capital — and public awareness — when launching or growing a small business. Rather than approaching a single lender to make a significant loan to your business (which you most likely will need to personally guaranty), crowdfunding platforms give you a way to leverage your network of friends, family, social media connections and the public at large to obtain significant capital in small increments.

 

Read more ...

DIANE DURANCE

Sometimes it helps to remind ourselves why we need to foster startups and innovative new companies. One big reason – we simply can’t count on large corporations to create jobs. We need startups and lots of them, because they don’t create the number of jobs per company we saw with manufacturers. In fact, when Facebook acquired Instagram for $1B in 2012, it had just 13 employees! Consider our own multi-billion-dollar rock stars – Live Oak Bank with 550 local employees – or nCino with 675. We’re still talking hundreds, not thousands of jobs for even the most astonishingly successful ventures.

 

Read more ...

Ed Zimmerman

Venture capital firms are raising so much money that it is fueling an overfunding of companies.

Some 259 U.S. venture capital funds amassed $46.3 billion in 2019, the second highest by amount of capital raised and the number of funds since 2006, according to the PitchBook-NVCA Venture Monitor. The biggest fundraising year since 2006 was 2018, when 299 venture capital funds raised $58 billion.

Image: https://www.pionline.com

Read more ...

NewImage

Pennsylvania’s Independent Fiscal Office has suggested making the Keystone Innovation Zone (KIZ) tax credit refundable, which would eliminate the portion of the tax credit going to tax brokers and increase the funding available to target businesses. Other proposed changes would strengthen the applicant review process and expand data collection to improve program accountability. 

 

Read more ...

upgraph

According to Gartner, the global analytics and business intelligence software market reached $21.6 billion in 2018. The firm has also predicted that, “through 2022, only 20% of analytic insights will deliver business outcomes.” That means that organizations are investing billions of dollars in analytics with minimal return — hardly a recipe for success.

 

Read more ...

CChess grandmaster beaten by AI predicts it will destroy most jobs Business Insiderhess grandmaster Garry Kasparov says that when he was beaten by IBM's Deep Blue supercomputer in 1997, he was "the first knowledge worker whose job was threatened by a machine."

He warns that most Americans are next.

Kasparov gave a searing interview with WIRED's Will Knight last week during an AI conference in New York. He repeatedly predicted that the rapid expansion of AI will threaten the majority of jobs in the US.

Image: World chess champion Garry Kasparov studies the board shortly before game two of the match against the IBM supercomputer Deep Blue (R), May 4. This was only the second time in history that a computer program has defeated a reigning world champion in a classical chess format. The Russian grandmaster, who won game one May 3, lost game two after 45 moves and 3 hours and 42 minutes of play. Kasparov will play six games against Deep Blue in a re-match of their first contest in 1996. Reuters

Read more ...

office worker

The COVID-19 epidemic has highlighted the vulnerabilities of the traditional physically co-located office, forcing many Asian companies to work remotely. However, a small but growing number of tech companies are intendedly going “all-remote”. They may well be harbingers of the future of work.

This article is part of a series entitled “The Future of Management”, about how changes in culture and technology are reshaping what managers do. INSEAD professors Pushan Dutt and Phanish Puranam serve as academic advisors for this series.

The workplace is rapidly becoming a more flexible construct. In the UK, for example, more than 1.5 million people work from home full-time, nearly twice as many as ten years ago. Up to 70 percent of global professionals telecommute at least one day a week, according to a 2018 report.

 

Read more ...

NewImage

“Philadelphia was an innovation and investment backwater,” but Ajay Raju says it’s headed for venture capital’s mainstream, and he’s personally setting up the partnerships to make it happen, pledges the real estate finance lawyer and chairman of the law firm Dilworth Paxson.

Though it’s home to some of the nation’s oldest medical research centers, the first modern computer, and the state-funded Ben Franklin Technology Partners of Southeastern Pennsylvania, it’s a familiar observation that the region ranks far behind Silicon Valley, Boston, New York, and others as a start-up funding center.

Image: ANDREW THAYER / FILE PHOTOGRAPH

Read more ...

Money Forex Market Free image on Pixabay

BERLIN, Feb 25 (Reuters) - Venture capital investor Lakestar said on Tuesday it had raised a total of $735 million for early- and growth stage funds that will invest mainly in Europe, while adding new faces to its top leadership team.

Zurich-based Lakestar, founded in 2013, will invest one-third of the commitments to its Early Stage fund and two thirds to its Growth Stage fund as venture investing in Europe achieves increasing scale.

“Finally, venture capital has become a profitable asset class of its own in Europe,” Lakestar founder Klaus Hommels said in a statement.

 

Read more ...

Brandi Vincent

NASA produces cutting-edge products and solutions for space exploration that often have untapped applications here on Earth. Through its Technology Transfer Program, businesses can license NASA-developed technologies and from them create and manufacture innovative commercially relevant uses for public benefit.

The space agency on Monday launched several new technology transfer opportunities for potential applications related to health, medicine and biotechnology. 

 

Read more ...

Bumblebees Solve a 17th Century Psychological Puzzle Scientific American

In 1688 Irish philosopher William Molyneux wrote to his colleague John Locke with a puzzle that continues to draw the interest of philosophers and scientists to this day. The idea was simple: Would a person born blind, who has learned to distinguish objects by touch, be able to recognize them purely by sight if he or she regained the ability to see?

Image: Bee recognizes a sphere by sight even though it had previously only been trained to detect it by touch. Credit: Lars Chittka

Read more ...

NewImage

Cosgrove and The Playbook host David Meltzer discuss a variety of topics including how Toby’s wealth of experience in the operating room aided his transition to CEO of the Cleveland Clinic and why he had to re-educate himself on the ins-and-outs of running business operations. The pair converse about how Cosgrove discovered that he has dyslexia and why he views the learning disability as one of his gifts.

Image: Photo: Entrepreneur Network

Read more ...

question

The World Health Organization (WHO) declared the coronavirus outbreak a public health emergency of international concern in January, as the outbreak spread across China and cases were confirmed in other parts of Asia, Europe and North America. J.P. Morgan Research now sees the coronavirus outbreak as a material disruption for a global economy that is poised to accelerate this year.

 

Read more ...

Man Wearing Bathrobe While Looking Out in the Scenery Free Stock Photo

A new book called The Future We Choose lays out two scenarios for the future: what 2050 looks like if the world continues on the current trajectory of emissions—killer heat waves, food riots, filthy air, the disappearance of coral reefs—and what it might look like if we make the radical changes necessary to limit warming to 1.5 degrees Celsius, staving off the worst impacts of climate change. Then it explains what has to happen to succeed on the second path, including how anyone who is overwhelmed by the challenge can take action today, this month, and over the next decade. (You can read an excerpt from the book here.)

 

Read more ...

NewImage

Judy Costello is the Managing Director of Economic Development for BioHealth Innovation, Inc. (BHI). A longtime supporter of the region’s entrepreneur and start-up communities, Judy Costello joined BioHealth Innovation in August 2017. Prior to that she served as Director of the Maryland Department of Commerce's Office of BioHealth and Life Sciences and Deputy Director of the department's BioMaryland Center. She previously worked for fifteen years for the Business Alliance organizing venture pitch forums, entrepreneur bootcamps, tech transfer showcases, educational seminars, and other programs connecting entrepreneurs, faculty innovators, students, and industry leaders in Maryland, DC and Virginia with each other and with those providing funding and other resources to young companies.

 

Read more ...

NewImage

Gordon Moore’s 1965 forecast that the number of components on an integrated circuit would double every year until it reached an astonishing 65,000 by 1975 is the greatest technological prediction of the last half-century. When it proved correct in 1975, he revised what has become known as Moore’s Law to a doubling of transistors on a chip every two years.

Image: MS TECH

Read more ...

startup

Startups and established companies all face a dilemma when building new technology products.  If they hit upon something innovative that has high potential, they invite the scrutiny of large technology companies such as Amazon, Google, Facebook, and Microsoft. Big Tech has the money, technology, data, and talent to replicate and enhance any technological innovation that is not fully protected by patents — which encompasses most digital products.

 

Read more ...