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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.

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Burlington, VT (September 4, 2019) Burton is proud to announce that the company is joining millions of students and workers around the world in support of the Global Climate Strike on September 20. All Burton offices and owned stores will be closed for business the day of the strike so employees worldwide can walk out and join nearby marches. In addition, Burton.com will be closed for online orders globally on September 20, with the website re-directing to the Global Climate Strike homepage to build awareness for the cause.

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growth and money

Low interest rates and high stock valuations are fueling U.S. life sciences CEOs’ growing appetite for mergers and acquisitions, KPMG’s CEO Outlook found.

“U.S. CEOs are very much attuned to financial markets and the cost of capital,” said Carole Streicher, KPMG LLP’s Deal Advisory leader for healthcare and life sciences. “Investors want to see CEOs maximize returns, whether that is from cutting costs, repurchasing shares, making acquisitions that will immediately boost earnings per share, or gaining a medication, device or technology that can sustain the product pipeline.”

 

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failure

Being an entrepreneur is more uncertain, more complex, more stressful, more pressured and less lucrative than regular corporate work.  We know — despite the blood, sweat and tears invested — around 90% of entrepreneurial businesses will fail. This figure comes from a 2017 report by the UK Treasury, later confirmed by The Start-up Genome Project’s analysis of over 3,200 high-growth start-ups.  Stateside statistics match.  According to Harvard Business School cohort analysis, more than 90% of tech-centric, venture capital-backed start-ups fail.

 

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indebted cover

The cost of college and student debt have emerged as major political issues in recent years as both younger voters and parents of students grapple with how to pay for higher education. But while progressive politicians have pushed for free college or big debt-cancellation plans, most families struggle in private to figure out how to finance a college degree, writes Caitlin Zaloom, an associate professor of social and cultural analysis at New York University.

 

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podcast

With companies continuing to shrink or outsource their human resources departments, it is tempting to augment that traditional business function with artificial intelligence. Data science holds so much promise for other fields that it makes sense for algorithms to replace imperfect human decision-making for hiring, firing, scheduling and promoting. But new research from Wharton professors Peter Cappelli and Prasanna “Sonny” Tambe flashes a cautionary yellow light on using AI in human resources. In their paper, “Artificial Intelligence in Human Resources Management: Challenges and a Path Forward,” the professors show how limited data, the complexity of HR tasks, fairness and accountability pose problems for digital HR. The study, which was co-authored by Valery Yakubovich, professor at ESSEC Business School and senior fellow at the Wharton Center for Human Resources, also looks at how to remedy those problems. Cappelli and Tambe spoke about their research with [email protected]

 

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euro

The Bayer Foundation today launched its new EUR 20 million Social Innovation ecosystem fund by awarding EUR 3 million to four pioneering social innovators – myAgro, MercyCorps, Path and Living Goods. The fund aims to scale up technology and entrepreneurial solutions that empower African smallholder farmers to lift themselves out of poverty.

Bayer’s four awardees will provide over 1 million people in African farmer households with access to entrepreneurial solutions that increase their crop yields and access to health services. Today’s investment fuels Bayer’s objective to improve the lives of 100 million people – smallholder farmers and their family members – by 2030.

 

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biotech

Job growth is one byproduct of the billions of biopharma investment dollars that flowed into Massachusetts over the past decade. In just the first half of 2019, Bay State drug companies took in almost $1.5 billion in venture capital and more than $800 million from initial public offerings.

Most of the investments are heading to one specific location: Cambridge, Massachusetts, considered to be the country's preeminent biotech hub.

 

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technology

Kunming, Sep 4 (IANS) BRICS countries are stepping up technology transfer and transformation, said a conference organised by the BRICS Technology Transfer Center in Kunming, capital of southwest China's Yunnan Province. Technological innovation and transfer experts from BRICS and south and southeast Asian countries as well as scholars of key fields, including biomedicine, clean energy, modern agriculture and digital economy attended the conference, which was held on Tuesday.

 

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Hurricane proof home made of plastic bottles can take Category 5 winds Business Insider

Hurricane Dorian made landfall in the Bahamas on Sunday as a Category 5 storm, with sustained wind speeds of 185 miles per hour. The onslaught of wind, rain, and storm surge inundated roads, destroyed homes, and claimed at least five lives.

Dorian was moving toward the Florida coast as of Tuesday afternoon, and its effects are expected to hit Georgia and South Carolina in the coming days as well. Though the hurricane's winds are growing weaker, the storm has become larger, which could increase the risk of flooding in coastal areas.

Image: https://www.businessinsider.com

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entrepreneur

Contxto – Uruguay’s National Research and Innovation Agency (ANII) plans to debut a new program to attract more innovative entrepreneurs to the country.

Affordable travel The campaign consists of a three-stage acceleration program, but it offers an interesting perk. Since selected founders will be required to travel and live in Uruguay for the duration of the program, the agency is offering a promotion for carry-on luggage at just US$1. Yeah, you read that right.

 

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human

Digitization has become the dominant theme in discussions about the future of supply chains. Wherever there is a problem, there is the promise of a technological solution, using some combination of artificial intelligence or machine learning, big data, automation, and the Internet of Things.

 

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stock

When the history books are written, Warren Buffett will likely go down as one of the greatest investors of our time. In a little more than six decades, the Oracle of Omaha, as he's affably known, has grown roughly $10,000 in seed capital to a net worth of almost $80 billion. Mind you, his net worth would extend well beyond $100 billion if not for generous charitable contributions throughout the years.

 

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