Mayo Clinic and medical device giant Boston Scientific are slated to announce a new med-tech accelerator Monday. 

The collaboration will be located in One Discovery Square, a new building in Rochester adjacent to Mayo Clinic that's meant to attract medical technology startups.

Andy Danielsen is chair of Mayo Clinic Ventures, an office that develops new inventions coming out of the clinic. He said the idea is to bring ideas born inside Mayo Clinic, Boston Scientific and elsewhere to life and to attract further investment in them.

Image: The Mayo Clinic-Boston Scientific collaboration will be located in One Discovery Square in Rochester, Minn. Christine T. Nguyen | MPR News file 

The name that you choose for your business can make a major impact on your brand image. Selecting the perfect name sometimes requires finding a balance between the practical and creative elements. Then once you have the perfect name in mind, you need to make it official and protect your brand.

The village of Hogeweyk in The Netherlands has been compared with the Truman Show. It is home to 152 people with dementia and is run by carers who maintain a round-the-clock false reality for the residents. Hogeweyk resembles a 1950s village, with carers acting as butchers, shopkeepers and greengrocers, allowing the residents to “relate to things from their younger days”. Residents are free to shop, visit the local cafe and roam around, all within the confines of this “dementia village”.

Many young professionals have high ambitions for their career. They want monetary reward, recognition, and a challenging career path; they also want to make a meaningful contribution, through their work, to improving the world at large. Even if they begin in a purely operational or transactional role, over time they see examples of people who have seized opportunities at a broader scale, and they want to do the same. They want to become strategic leaders.

We don’t know what the future will look like, but there’s one thing we can know without doubt. One day the children who take so easily to the gadgets that flummox their elders will grow up and look at what their children and grandchildren so quickly master, and feel as inadequate as we do.

Imagine, for instance, a 3D printer that can build a 100-foot-tall rocket, or robots made of polymers and muscle tissue. Somebody already has, and is moving forward on the idea.

Continuing innovations in health and medicine have led to economic growth and a better quality of life for many around the world. But inequalities could grow rapidly.

Innovation and policies related to it are no longer solely the reserve of wealthy countries, as we have seen in more than a decade of the Global Innovation Index (GII). Innovators in developing economies show the world how to do more with less. In India (52), for example, one company has found a way to use accessible technology for early diagnosis of a malady that often strikes premature babies and can blind them if not caught in time. Rather than bringing expensive, complicated equipment to the Indian countryside, Remidio connects compact devices with a smartphone to diagnose retinopathy and enable speedy treatment for babies in far-flung regions.

The Morrison's government's uncertain commitment to innovation suffered a setback on Monday when the Industry Minister Karen Andrews could not find time to attend the Financial Review Innovation Summit.

We live in a golden age for entrepreneurism, with the number of full-time, self-employed professionals potentially catapulting from 15 million in 2018 to 42 million in 2020, according to research from FreshBooks.

Being a part of this group can be incredibly rewarding, both emotionally and monetarily, but if you want to make it as a modern entrepreneur, you have to play by the new rules of the game.

The workforce is changing in every state in America. The change extends past factory jobs — it includes the disappearance of telemarketers, substitute teachers, and administrative assistants.

Using data from the Bureau of Labor Statistics' Occupational Employment Statistics program, we compared total employment levels for occupations in each state in May 2013 and May 2018, the latter being the most recently available data.

Image: https://www.businessinsider.com

On August 2, 2007, three Russian explorers crammed inside a submersible underneath thick sea ice at the North Pole descended 4,300 meters to the dark seafloor below. They extended a robot arm from the pod and planted a titanium national flag in the sediment there. After surfacing to the supporting nuclear-powered icebreaker, expedition leader and parliament member Artur Chilingarov told an onboard reporter for the Russian news agency Itar-Tass, “If 100 or 1,000 years from now someone goes down to where we were, they will see the Russian flag.” President Vladimir Putin phoned the ship, expressing his congratulations.

Download Forrester’s complimentary report to learn how to move on from faltering brand experiences by investing in creativity.

Is your CMO considering shifting investments in marketing technology toward the services of creative agencies, as Forrester recommends? You should find out — because one of two possible scenarios will play out.

Start-ups are making incremental use of blockchain to reduce plastic waste, but the technology’s power to drive real change is yet to be realised.

It is always difficult for business executives to grasp when a new technology is ripe for use, and blockchain is no exception. This is ironic given blockchain is often presented as the “technology of trust”.

I met Steve Berg at an event in New York City introducing the new and vastly improved Firefly 2+ for an enthusiastic crowd of journalists. I had only a few minutes to introduce myself and then to attempt to explain to Steve that his first foray into the vaporizer market was less than successful in my view. I tried to say, at least in a kind way that the first incarnation was not my favorite product. But after trying the new Firefly 2+ with numerous improvements, my opinion of the first device was quickly forgotten.

Image: StevePortrait_1COURTESY: STEVE BERG - https://www.forbes.com

I have learned over the past six years that the single most important advice I can give an entrepreneur is this: Never underestimate the importance of going fast. Once you stick your head up, the world is going to respond.

Some people will buy into your idea. Others will be quick to tell you why it cannot work. And if your concept is really good, be assured better established market participants with deep, deep pockets will be watching and waiting, ready to pounce.

Entrepreneurship is on trend; everyone will tell you how starting a business is the way to wealth. More than ever, school leavers are starting businesses and more people are ditching their 9 to 5 jobs for the start-up life. It seems like everyone is either an entrepreneur or aspiring to be one

Image: https://www.standardmedia.co.ke

Naming your business is one of the most important aspects of the branding exercise. It requires excellent foresight. Decide how to reach your target audience. And ensure you captivate them. There are pros and cons to choosing a unique business name.Each should be considered. Eventually you’ll find a name that perfectly suits your business. Take a look at some of the pros of using a memorable and unique business name.

Early-stage companies, especially those in the health care sector, rely on a seemingly incongruous mix of patience and urgency to achieve success. JumpStart CEO Ray Leach has been focused on urgency of late in his assessment of Northeast Ohio’s startup community.

“In our world, it’s a feeder system,” Leach says. “You have to be investing in things at some level of velocity. You have to be helping companies advance and then have companies have really huge breakthroughs, whether it’s a partnership with Genentech, they get bought by someone else or they raise a bunch of money. We’re seeing all sorts of indications that our tech ecosystem and our broader non-tech ecosystem are both continuing to advance and get stronger.”

Image: https://www.smartbusinessdealmakers.com

Working in large companies nowadays is interesting. On the one hand, leaders now understand that they need to innovate. On the other hand, they are struggling to balance the demands of running their core business, with the exploration of new opportunities. In publicly traded companies, this tension is at its most acute. The demands of quarterly reporting take up a lot of time and resources. So as much as they may want to innovate for the future, the demands of running their current business can be overwhelming. 

A new report lists the United States among the five most innovative economies in the world.

Switzerland was the top rated country on the list, known as the Global Innovation Index 2019. It is followed by Sweden, the U.S., the Netherlands and Britain.

United Nations officials released the findings. The index is a project of the U.N. World Intellectual Property Organization, the business school INSEAD, and Cornell University in New York.

The report notes, “Innovation is blossoming around the world,” although concerns about an economic slowdown and trade disputes continue.

Image: A Loon internet balloon, carrying solar-powered mobile networking equipment flies over the launch site in Winnemucca, Nevada, U.S., in June 27, 2019. - Loon/Handout (Reuters)

For years, several Harvard climate scientists have been preparing to launch a balloon capable of spraying reflective particles into the atmosphere, in the hopes of learning more about our ability to counteract global warming. (See “Harvard scientists moving ahead on plans for atmospheric geoengineering experiments.”)

A prestigious university forging ahead with an outdoor experiment is a major milestone for the field, known as geoengineering. But it’s fraught with controversy. Critics fear such a step will lend scientific legitimacy to the idea that we could turn the dial on Earth’s climate. And they fret that even doing experiments is starting down a slippery slope toward creating a tool of incredible power.