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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.

Peter Flavel  It s not venture capital it s patient capital Financial Times

The entrance hall of the Coutts & Co headquarters at the Strand in London is a far cry from how many would imagine a 327-year-old private bank, one whose most famous client is the Queen, to look.

The multistorey atrium, light wooden fittings and pale floor, dotted with ornamental trees, evoke a modern art gallery. I watch those who cross its floor with a keen eye, hoping to catch a peek of one of the bank’s famous customers such as former England footballer David Beckham.

Image: Peter Flavel: 'I’ve got the best job in private banking' © Tony Healey

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happy

Two years ago, Yale University psychologist Laurie Santos began to wonder why students seemed so detached from their classmates. Like a good academic, she connected her observations to data — and found it troubling. The National College Health Assessment (pdf) showed that 42 percent of college students reported being too depressed to function well in the previous year. A range of other surveys and indicators have suggested that older people are also having difficulty finding happiness and connection in our 24/7, hyperconnected world.

 

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decision

Bold new professional aspirations often freeze us in our tracks.

“I was afraid I would fail,” explained Sean Lafleur, a former Google executive who went on to found a consulting and coaching firm, during a presentation at a recent career conference organised by the INSEAD Alumni Association France. The two other panel members, Sandrine Limal, a consultant turned architect, and Marina Niforos, an economist now enjoying a multi-pronged career as an advisor, non-executive director and blockchain expert, echoed Lafleur’s sentiments with similarly strong terms: “stepping out into the cold”, “being afraid to jump”, “fear of being alone”.

 

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BioForward Wisconsin Logo

MADISON, Wis.--(BUSINESS WIRE)--BioForward, the member-driven association that serves as the voice of Wisconsin’s biohealth industry, held its annual Wisconsin Biohealth Summit on October 2nd at the Overture Center in Madison, Wisconsin.

The 2019 Biohealth Summit had over 500 attendees and featured two keynote sessions, and in a new format had two panel discussions, six fireside chats, an industry-specific career fair, a social media blitz, and virtual reality demonstrations from 3Data and ARCH Virtual.

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question

College has changed a great deal in the last 25 years. For one thing, we have an urgent crisis of college affordability. Due to skyrocketing tuition, the average student in the U.S. now graduates with about $30,000 in student loans. Simultaneously, colleges are facing crises of completion — only about 50% of matriculating students ever complete a degree — and employability. More than 40% of new and recent graduates are underemployed in their first job. And for those who are underemployed in their first job, two thirds are underemployed five years later, and half are underemployed a decade later.

 

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NewImage

FREEPORT — Two decades ago, then-Gov. Angus King and members of his staff challenged Maine institutions to invest in research and development across the state; something that King said created “tens of thousands of high-quality jobs,” diversified the economy and lead to the formation of Maine Technology Institute. 

Image: Sen. Angus King addresses industry professionals gathered to celebrate the 20th anniversary of the Maine Technology Institute on Monday night. (Hannah LaClaire / The Times Record)

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NewImage

Most business leaders I know clearly understand the difference between legal and illegal activities, but often are not so clear on the line between ethical and unethical. Unfortunately, there is no universal code of business ethics, written down and enforced by some external governing body. We all have to rely on our own interpretation of what will maintain a working level of trust between all constituents.

 

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book

While we're incredibly proud that our archive has expanded to over 400 articles in the last six years as we've built the Review, we recognize that this requires readers like you to wade through those hundreds of interviews filled with company building wisdom.

Even though you're subscribed to our newsletter to make sure you get every article delivered, maybe there was an insightful interview a few years back on 1:1s that you missed. Or perhaps you're looking to read everything we've ever published on launching a product, all in one sitting.

 

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processed food

Nutrition researcher Kevin Hall strives to project a Zen-like state of equanimity. In his often contentious field, he says he is more bemused than frustrated by the tendency of other scientists to “cling to pet theories despite overwhelming evidence that they are mistaken.” Some of these experts, he tells me with a sly smile, “have a fascinating ability to rationalize away studies that don’t support their views.”

 

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cloud city

A vision of the “city of the future” is often presented as a compelling symbol of the direction in which society could progress. Whilst visions differ, the common element is the notion that in the future, Earth’s most concentrated populations will occupy city environments where a digital blanket of sensors, devices, and cloud-connected data are brought together to enhance the living experience for all. Smart concepts encompass a range of key elements of what enable effective city ecosystems—from traffic control and environmental protection, to management of energy, sanitation, healthcare, security, and buildings.

 

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NewImage

Can a 16-year old young woman change the world? Grant her a patent and watch her! Recently, we were privileged to hear an inspiring keynote from Kavita Shukla—an innovator, entrepreneur, and CEO—who is the force behind Freshglow Co. and inventor of FreshPaper. Her patented technology prevents food spoilage and helps avert hunger around the world. After receiving her first patent at the age of 16 and selling FreshPaper at farmers markets, she built her business from the ground up and became an award winning and successful entrepreneur. 

Image: Invention-Con keynote speaker Kavita Shukla describes her journey as an inventor and entrepreneur. (photo by Cynthia Blancaflor/USPTO)

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approved

On September 30, 2019, DOE’s Smart Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs Office announced the opening of applications for Cohort of Innovators through October 31, 2019. Three DOE National Laboratories are accepting such applications: (1) Argonne National Laboratory (ANL) Chain Reaction Innovation; (2) Oak Ridge National Laboratory (ORNL) Innovation Crossroads; and (3) Lawrence Berkeley National Laboratory (LBL) Cyclotron Road program. Each of the programs recruits a cohort of entrepreneurial scientists and engineers from around the world for two years.

 

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NewImage

Armed with some data from our friends at CrunchBase, I broke down the largest global startup funding rounds for the month of September.  I have included some additional information such as industry, round type, a brief description of the company, and total equity funding raised for the company to further the analysis.

Image: https://www.alleywatch.com

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invest

KANSAS CITY, Mo., Oct. 04, 2019 (GLOBE NEWSWIRE) -- H&R Block (HRB) will invest $2 million in KCRise Fund II, the second venture capital fund of KCRise that was launched in 2019. The fund invests in high-growth, early-stage technology companies in the Kansas City area. KCRise Fund’s investors include local corporations, family offices and prominent business leaders. H&R Block’s investment is one of the largest by a local corporation to date.

 

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Kevin Abdulrahman

Have you ever struggled with first impressions? Are you constantly misunderstood even though you consider yourself to be fairly articulate and well-spoken? Do you seem to continuously offend people unintentionally? If so, you’re in the right place. Assuming your vocabulary and grasp of the language are good, you are probably less adept at silent communication- aka body language.

 

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15 Novel Medical Devices Conceived within 100 Hours at Camp in IIT Bombay

The Medical Device Innovation Camp (MEDIC) at IIT Bombay that was inaugurated on 28th September and concluded on 2nd October had 60 participants from Mumbai, Pune, Nagpur, Kolkata, Guwahati, Kanpur, Chandigarh, Patiala, Jodhpur, Goa, Surathkal, Cochin, Bengaluru, Chennai, Bhimavaram and other parts of India. They formed 15 inter-disciplinary teams, each led by a doctor, and created proofs-of-concept of innovative solutions for various medical problems provided by top doctors from various hospitals.

Image: https://www.mumbailive.com

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innovation

In 2018, the U.S. slipped out of Bloomberg’s top 10 most innovative countries for the first time. But this isn’t necessarily a hint of entrepreneurship’s demise; it’s a reflection of the tumultuous environment we find ourselves in — one that’s rife with unpredictability.

 

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NewImage

Creating a biotech company is a challenging, long-term endeavor. In particular, the first steps can be essential to set up a new business on the right path towards success. Incubators can offer a startup the resources needed to get there, be it laboratory space, mentorship, or access to an exclusive network of experts.

 

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