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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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WASHINGTON, Jan. 9, 2020 /PRNewswire/ -- The National Capital Consortium for Pediatric Device Innovation (NCC-PDI), in collaboration with MedTech Innovator, is now accepting applications for its showcase pitch event on March 23, 2020 in College Park, Maryland. The competition is focused on pediatric devices in three areas of critical need: Cardiovascular, orthopedic and spine, and neonatal intensive care unit (NICU).

Image: PRNewsfoto/Children’s National Hospital

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Books Library Read Free photo on Pixabay

In 2019, we’ve seen more than a few companies—and leaders—take a hit for imbuing their work culture with questionable practices, from WeWork cofounder Adam Neumann’s propensity for private jets and free-flowing alcohol to the around-the-clock work ethic endorsed by former Away CEO Steph Korey.

Sometimes, the problems start with founders and executives who neglect to focus on company culture early on. In other cases, companies struggle to maintain their culture across departments and managers as their headcount grows.

 

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COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announced its recent round of funding for select projects through the Maryland Innovation Initiative (MII). This round of funding includes project grants for technology assessment and investments in the spin-out companies, from its five partner universities for a total of $2.63M.

 

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Long before Microsoft's four-day-workweek experiments, Colorado school districts shifted to the same schedule, in part to entice teachers with a better work-life balance.

There was just one problem, says elementary-school teacher Kallie Leyba: "Teachers can't afford to ski."

Colorado teachers like Leyba say they already work longer than 40 hours to get paperwork done, on top of receiving among the lowest statewide educator pay. Colorado's shorter workweek hasn't helped these major issues, says Leyba, who serves as president of the state's American Federation of Teachers branch.

 

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Building upon the integrated culture framework we presented in “The Leader’s Guide to Corporate Culture” (written with our collaborators Jeremiah Lee and Jesse Price), we launched an online assessment to allow HBR readers to explore their own organizations’ cultural profiles. We received over 12,800 responses from across the globe between December 2017 and May 2019 (you can explore your organization’s cultural profile here).

 

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Avideo conferences two longtime business consultants, we make a point of keeping in touch with former colleagues. When we had lunch recently with one who had left consulting to join a startup, we were eager to hear how he was faring. Admittedly, we were even a little jealous of what sounded like an interesting, high-energy venture. But once we started asking questions to get a glimpse of what life was like on the startup side, we could see that after just two months in the new job, he was miserable.

 

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Bernhard Schroeder

As an entrepreneur there are two routes you can take: either create a service-based business where you trade your skill or knowledge for money or create a product-based business where you sell products to people. If the successful business is offering a service, it typically takes less money to start and has a smaller upside in regards to scale unless you can duplicate the service offering on a repeatable basis. The successful startup business offering a product potentially takes a lot more money to start but has more upside with respect to scale and repeatability. You can design one product and sell it it thousands of times.

 

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It’s often been said that entrepreneurs and SMEs make up the backbone of Malaysia, so besides only technical skills, having entrepreneurial skills is an advantage in this increasingly competitive terrain.

One way to get a sure-fire head start is to start honing those skills when young, something that is often echoed by industry leaders and educational institutions nowadays.

Image: https://vulcanpost.com

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Like most young men on the path to becoming a father, I was afraid. I was afraid I didn't know what to do, I was afraid it would cramp my style but, most of all, I was afraid that I would no longer be able to succeed professionally at a high level.

I had launched and run three businesses before the birth of my first daughter. As the time arrived, I had just experienced my most devastating business loss. It was 2009 and we weren't alone, but somehow knowing others are also in a tough spot doesn't help rebuild your business.

 

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Michael Morse, president and CEO of Louisiana Fish Fry, says the ability to sell a product nationwide depends on its position and an entrepreneur’s ability to capitalize on what will differentiate that product on the market.

“If you market it as Louisiana based, or if there’s a unique aspect, you’ve got a niche product,” Morse says. Matt Beeson, of Swamp Dragon Hot Sauce, suggests entrepreneurs “shout” their differentiator at people. At trade shows, he approaches people with four words: liquor-based hot sauce. “It gets their attention,” he says.

 

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