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.
Generally speaking, brushing your teeth is not a difficult task. It takes 2 minutes total and you only have to do it twice a day –but it’s not a very fun chore. Y-Brush might be a solution to that problem. The device is on display at CES 2019, and its creators claim that it can accomplish the same level of clean as the standard method of brushing but in just 10 seconds.
Image: https://www.digitaltrends.com
The Food and Drug Administration plans to create a new office to improve the review of new medicines — one that will develop a standardized approach to using personalized medicine, digital data, and patients’ own reports, according to Commissioner Scott Gottlieb.
Gottlieb will outline the plan for the new 52-person group, called the Office of Drug Evaluation Science (ODES), as part of a talk at the annual J.P. Morgan Healthcare Conference on Tuesday. Because of the government shutdown, he will deliver the talk via videoconference. “We’re operating with limited staff and I’m needed here,” he said.
Manufacturing leaders are sprinting ahead with digital and analytics, and changing the rules of the game. A broad scale-up of innovation across the value chain is needed to ensure more winners share the spoils.
The long-anticipated Fourth Industrial Revolution is no longer some far-off horizon. Early-adopting “lighthouse” factories are implementing advanced manufacturing and AI-driven technology, at scale, and seeing significant gains.
Every state government invested at least $1.0 million in research and development in FY 2017, according to recent data from the National Science Foundation’s National Center for Science and Education Statistics. During the three-year period from FY 2015 to FY 2017, California ($551.8 million per year), New York ($403.2 million per year), and Texas ($244.9 million per year) state governments averaged the most R&D expenditures. In FY 2017, these three states accounted for 49.8 percent of the national total, up from 45.6 percent of the total invested by state governments in 2012.
Providence Ventures, the venture investing arm of Renton, WA-based health system Providence St. Joseph Health, says it has raised a $150 million fund to invest in early- and mid-stage healthcare technology businesses.
The venture firm says it will consider making investments across several areas of digital health, including healthcare information technology and Internet-connected medical devices. Providence Ventures says it expects to invest between $5 million and $15 million in each company it backs.
There are 60 million people, almost one in five Americans, living on farms, in hamlets and in small towns across the landscape. For the last quarter century the story of these places has been one of relentless economic decline.
Image: https://www.nytimes.com
Automation may cast a dark shadow over low-skill workers, but a new report suggests there’s still hope for humans.
The robots aren’t taking over, yet: At least, that’s the finding of a report by the World Bank that looked at data on global industrial jobs. The World Development Report 2019 says advanced economies have shed industrial jobs, but the rise of the industrial sector in East Asia has more than compensated for this loss, meaning overall numbers haven’t changed. Jobs are relocating, not disappearing.
Scientists say the world’s oceans are warming far more quickly than previously thought, a finding with dire implications for climate change because almost all the excess heat absorbed by the planet ends up stored in their waters.
A new analysis, published Thursday in the journal Science, found that the oceans are heating up 40 percent faster on average than a United Nations panel estimated five years ago. The researchers also concluded that ocean temperatures have broken records for several straight years.
Startup unicorns and billion dollar funds grab headlines these days, but most investors only hear about these opportunities late in the investing cycle, when growth is slowing. Increasingly, company value is realized in the private markets vs. after initial public offerings (IPOs). And recent performance data shows that early stage investing can capture more alpha than investing in larger, later stage companies and funds.
HARRISBURG, Pa., Jan. 9, 2019 /PRNewswire/ -- With a focus on startups and innovation, Ben Franklin Technology Partners (BFTP) remains a powerful job creation and high-tech economic development engine for Pennsylvania, according to the latest independent economic analysis of the organization. But state funding shortfalls are starting to curtail the partners' ability to fund companies appropriately, creating missed opportunities.
At major universities, research is king.
Whether it’s a professor working to get a paper published, a scientist doing research in a lab or a web developer creating software, research universities produce seemingly never-ending innovations and inventions. Often the goal is for researchers and their sponsors to turn their work into a marketable product, but how can that be accomplished?
Whether you’re trying to start your own business, or you’re trying to pay off a major medical expense, crowdfunding can be an incredible source of income when you’re in desperate need of a large sum. Many people crowdfund instead of getting a loan, since you don’t have to pay the money back. You do still need to hold up your end of the bargain, and that’s the main catch of most crowdfunding sites. Here are the differences between some of the most popular crowdfunding sites out there, to help you decide which one is right for you.
2018 was a big year for healthtech, with digital health companies securing over $7.5bn in investment across the year. The last 12 months also saw a notable shift in the public and media debates around healthcare.
In fact, I would say that the role of new digital technology is now a fundamental part of any conversation about how we can improve both our physical and mental wellbeing, and the effectiveness of our care systems overall.
U.S. stocks ended 2018 skimming bear market territory. In the new year, the market has bounced back somewhat but remains volatile. This week, Wharton finance professor Jeremy Siegel joined the Knowledge@Wharton show on SiriusXM to discuss the market outlook, Fed rate hikes and the impact of the U.S.-China trade war. He is also co-host of the show “Behind the Markets” on Wharton Business Radio every Friday. Siegel was joined by Gad Allon, who is director of the Jerome Fisher Program in Management and Technology at Wharton and also professor of operations, information and decisions.
Young adults tend to be concentrated in certain places.
The "American Community Survey" is an annual survey run by the Census Bureau to allow the government, corporate and academic researchers, and anyone who's curious about demographics to better understand the US population.
Image: https://www.businessinsider.com
The Pistoia Alliance announced key trends for the life science industry in 2019 based on The Life Sciences Innovation Report developed with Clarivate Analytics.
Key report findings include:
The gig economy offers tremendous flexibility for workers and companies, but it also comes with a host of unknown factors for both parties. A new study co-authored by Wharton professor of operations, information and decisions Gad Allon looks at how drivers for a ride-hailing firm make labor decisions – when to work, and for how long – and aims to improve predictions about labor supply and to shed light on more effective financial incentives. The paper, titled “The Impact of Behavioral and Economic Drivers on Gig Economy Workers,” is co-authored by New York University Stern School of Business professor Maxime Cohen and Wharton doctoral candidate Park Sinchaisri. Allon recently visited the Knowledge@Wharton radio show on SiriusXM to discuss the implications of the study and what the future of work could look like.
How do you land more introductions to venture capital firms in order to speed up your next funding round and get that capital in the bank?
If you’ve done a few minutes of research on how to get your startup funded you have already learned that venture capital introductions are the golden ticket for getting to the big money for those serious Series A through C financing rounds. So, how do you get them? How do you ask?
Alexandria Venture Investments, the strategic venture capital arm of Alexandria Real Estate Equities, Inc. based in Pasadena, was recognized by Silicon Valley Bank as the most active biopharma investor by new deal volume in 2017-2018.
Image: http://www.pasadenanow.com
January marks the start of New Year’s resolutions (for the bright-eyed and bushy-tailed people who still make them), the beginning of a few bleak months of cold weather (for those of us in the northern U.S.) and -- for the 52nd year in a row -- the debuting of thousands of gadgets at CES, the world’s biggest tech show.
