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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.

Naval Goel

Becoming a successful business owner or let's say a well-known entrepreneur is a dream, everybody, work all their lives but have you ever thought if you really have it all that it takes to become what you desire?

 

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Tom Still

MILWAUKEE, Wis. – The casual ‘trep attire is the same, the conversations about launching and growing young companies are similar, and the worries about raising money are frequently shared.

Parts of the startup and scale-up scene in Milwaukee, however, don’t much resemble the environment that has propelled Madison into being a hotspot for entrepreneurs. That’s more than OK.

 

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Last week two new partnerships were formed between Maryland and the United Kingdom. Biohealth Innovation, a MD based public-private nonprofit focused on accelerating commercialization for biohealth, will be collaborating with Catalyze, an Amsterdam based company dedicated to bringing non-dilutive funding for biomedical innovations.

Another alliance was formed across the pond at the 2019 BIO International Convention in Philadelphia as Maryland Commerce Secretary Kelly M. Schulz and Sir John Peace, chairman of the Midlands Engine, signed a Memorandum of Understanding (MoU). These new partnerships speak to the collaborative approach Maryland is taking to continue to grow its life sciences industry and expand growth opportunities for the hundreds of Maryland-based companies.

 Image: Maryland Secretary of Commerce Kelly Schultz, Rich Bendis BHI CRO and Catalyze Commercial Director Quirein te Roller

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Since the opening of Alexandria LaunchLabs at the Alexandria Center for Life Science - NYC in June 2017, its member companies have collectively raised more than $300 million in financing, with two of its companies completing IPOs

PASADENA, Calif., June 12, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, today announced that it has strategically partnered with Columbia University to open Alexandria LaunchLabs®, the premier life science startup platform, at the university in the spring of 2020. Building upon the success of the flagship Alexandria LaunchLabs site at the Alexandria Center® for Life Science – New York City, Alexandria LaunchLabs @ Columbia will increasingly focus on promising life science startups emerging from Columbia and peer institutions, which serve as the greatest source of new company formation in the NYC life science ecosystem.

 

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Legendary analyst and investor Mary Meeker unveiled her 2019 Internet Trends Report on Tuesday at Vox Media's Code Conference.

The report, now in its 24th year, compiles and crunches data from a wide range of sources to provide insights into the biggest trends in digital. This year, Meeker focused on trends that have kept Silicon Valley and lawmakers in Washington, D.C. busy, such as the future of work, education, and immigration.

Image: Business Insider

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podcast

“Pivot” is a popular term in the start-up world. If their initial idea doesn’t work as planned, entrepreneurs are expected to be ready to pursue a Plan B. But what does it actually mean to pivot – and are entrepreneurs really as open to doing it as they say they are? In a new paper, Wharton management professor Jacqueline “Jax” Kirtley used a field study involving seven early stage firms in the energy and cleantech sector to take a closer look at how these strategic changes actually play out in the startup world. “What is a Pivot? Explaining When and How Entrepreneurial Firms Decide to Make Strategic Change and Pivot,” was co-authored with Siobhan O’Mahony, a professor at Boston University’s Questrom School of Business. Kirtley recently talked with Knowledge@Wharton about their findings. (Listen to the podcast using the player at the top of the page.)

 

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Evelyn Rusli, a co-founder of baby food business Yumi, discusses with Entrepreneur Network partner Business Rockstars the learning curve of starting a business for the first time, which includes becoming an expert in many different departments, from marketing to payroll. You also need to learn protocols and develop systems that can help make things standardized and straightforward.

Image: https://www.mysanantonio.com

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Early investors and employees at Uber Technologies Inc., Lyft Inc., and other tech companies are getting a double reward this year: a wave of initial public offerings that puts billions of dollars in their pockets, and a quirk in the law that means some of that money will be tax-free.

Image: PHOTOGRAPHER: JOSH FREYDKIS FOR BLOOMBERG BUSINESSWEEK

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Ben Angel

There's a scientific reason why you must make your most important decisions first thing in the morning, and in the second season of 60 Seconds to Unstoppable, Entrepreneur Network partner Ben Angel is going to share it with you.

Want to become unstoppable in business and in life? Take this 60-second quiz now to find out what's really holding you back, and be sure to grab a copy of Angel's new book, Unstoppable, today.

 

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We Need To Build An Innovation Economy For The 21st Century Digital Tonto

In a recent New York Times column, Bret Stephens argued that the political opposition needs to “celebrate prosperity, not deny or trivialize it.” He has a point. We are in the midst of a historic expansion, with record low unemployment, rising wages and low inflation. That is something to celebrate.

However, what Stephens failed to address is that, in the midst of all this prosperity, there is considerable anxiety about the economy. Some of this anxiety can be quantified in statistics like rising income inequality, national debt, credit card debt and the fact that 40% of Americans can’t cover a $400 emergency expense.

Image: https://www.digitaltonto.com

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idea

Q: How can my firm effectively implement our innovative ideas?

A: Traditionally, strategic-planning processes have been used to revitalize organizations and develop significant innovative directions. Expected outcomes have been large-scale initiatives that are implemented over a number of years. Businesses have found it takes time to integrate these bigger ideas into an operational format. In addition, the rapidly changing information economy means good ideas can run their course very quickly.

 

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The Jerusalem Venture Partners (JVP) is the first stop we visited. Walking into its headquarters, I saw several young men and women standing on the grass chatting. They were brainstorming for an innovative project.

"Innovation has changed Israel" and "Innovation has changed our society" is the first thing JVP founder and chairman, Erel Margalit, said when meeting us.

This is by no means exaggeration. Data shows that high-tech industries provide about one-third of Israel's employment and contribute more than half of the country's GDP. Among the high-tech companies listed on Nasdaq, the total number of Israeli companies ranks the second, only after the United States.

Image: Photo taken on March 18, 2019 shows a sewage treatment plant in Tel Aviv, Israel. (Xinhua/ Guoyu)  

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people

Defining creativity can be, at once, both obvious and impossibly nuanced. As the lines between marketers and makers continue to blur, creative talents are crossing over into culture in more ways than ever before.

Each year, Adweek celebrates the Creative 100, a roster of gifted professionals who inspire current and future generations not only with their work but also their passion for creativity across advertising, media, art, literature, animation and more.

 

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leave

The tight labor market is allowing workers to be more selective, especially if they have skill sets with high demand. But even for existing employees, if another company offers more opportunities, they will jump ship. According to a survey from Instructure, this is the case for the majority of the respondents. If a company is known for investing in employee learning and development, 70% of US employees say they are at least somewhat likely to leave their current employer.

 

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US states with the lowest college graduation rates Business Insider

Colleges across the US have different graduation rates, and as the map above shows, those rates vary from state to state.

The Department of Education provides data on the share of undergraduate students who complete their degree within 150% of the expected time — that is, graduating within six years for a standard four-year bachelor's degree. For each state, we took an average of those graduation rates among all the colleges and universities in that state that mainly award bachelor's degrees, as opposed to certificate programs or associates degrees.

Image: https://www.businessinsider.com

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