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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.

Adi Gaskell

The last few years have placed the fate of post-industrial towns into the spotlight, as the plight of communities whose economies have fallen on fallow ground has become a central discussion point of policy making on both sides of the Atlantic.

The de-industrialization across much of the western world has seen a large number of traditional industries enter terminal decline, with a profound impact upon the communities that grew up around those industries.

 

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money

Innovators and startup companies with devices designed to improve neonatal or NICU care now have a one-week extension until Aug. 19, 2019 to apply for the $150K "Make Your Medical Device Pitch for Kids!" competition funded by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI).

WASHINGTON, August 12, 2019 /PRNewswire-PRWeb/ -- Innovators and startup companies with devices designed to improve neonatal or NICU care now have a one-week extension until Aug. 19, 2019 to apply for the $150K "Make Your Medical Device Pitch for Kids!" competition funded by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI). The competition will be held Sunday, Sept. 22 in Boston, Mass. in conjunction with the 7th Annual Pediatric Device Innovation Symposium that is hosted by Children's National Health System.

 

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financing

We spend a lot of time talking about new funds, and new startup venture raises, but we spend little time talking about the cash flow challenges of running a venture fund. Let’s change that today.

Starting a new venture fund is extremely challenging. In addition to just the monstrous task of fundraising — which can take as long as two years in some cases to lock down all the limited partners (LPs) on the same terms — the economics for a debut fund are often just terrible.

 

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meeting

UK data find the mental well-being of Uber and Deliveroo drivers to be surprisingly good.

Around the world, Uber drivers encounter wage and security worries, Deliveroo workers have too much competition, Airbnb owners face problems in Paris and other cities. But rather than a dark cloud over the heads of those self- and/or temporarily employed in the gig economy, recent data unexpectedly show that they are about 33 percent more likely to self-report positive traits in terms of mental health.

 

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question

I just received a thank-you note from a student who attended a fireside chat I held at the ranch. Something I said seemed to inspire her:

“I always thought you needed to be innovative, original to be an entrepreneur. Now I have a different perception. Entrepreneurs are the ones that make things happen. (That) takes focus, diligence, discipline, flexibility and perseverance. They can take an innovative idea and make it impactful. … successful entrepreneurs are also ones who take challenges in stride, adapt and adjust plans to accommodate whatever problems do come up.”

 

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loudspeaker

For many businesses, the fear of being displaced virtually overnight by a startup looms like a dark cloud on the horizon: Even if a company is reporting record profits, its leaders fear that stormy days are headed their way. “Most executives worry about disruption. There are new types of competitors and new technologies to understand,” PwC Pulse reported. In this era, the “forces of disruption can shake up an entire industry sector in less time than it takes most companies to update their IT systems.”

 

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challenge

Amazon is coming to town: Everybody panic! How will the government compete with the behemoth for tech talent? The government is up against more and more companies like Google that pay high salaries, offer free meals, book onsite masseuses, take teams on lavish retreats, you name it.

Speculations about Amazon’s impact on hiring in the area range between those convinced that Amazon will suck up all the tech talent to others who believe the company will bring a bigger, more diverse pool of candidates. Only time will tell, and regardless of Amazon, the government needs top tech talents more than ever. 

 

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growth

Investment in healthcare artificial intelligence startups and companies focused on mental health and wellness soared in the second quarter as both sectors hit funding highs, according to a new report.

Healthcare AI companies raised $864 million in the second quarter, compared to the $764 million AI startups raised in the second quarter of 2018, according to technology market intelligence company CB Insights' global healthcare report released on Tuesday morning.

 

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NewImage

For the first time, a BioTalk look inside BioHealth Innovation, Inc. (BHI) with Entrepreneur-In-Residence (EIR) Dr. Ethel Rubin

Dr. Ethel Rubin leads a venture team that helps prepare and connect lifescience companies with capital, ensuring strategies that hit valuation inflection points, achieve strategic goals, and prepare for a product launch. She has previously held corporate leadership roles in global clinical strategy and medical affairs at Medtronic, plc, was Chief Scientific Officer of BioFortis, Inc. (acquired by Quintiles-Quest JV) and CSA Medical, Inc., is President of life sciences business development advisory firm Innovative BioStrategies, LLC, and a venture partner at various funds. She has over 25 products in the marketplace garnering 9 figure sales revenue, was instrumental in multiple M&As, partnerships & collaborations, and advises hundreds of CEOs in preparation for seed to series B financing each year. Ethel has held board seats at tech incubators and numerous business and clinical Advisory boards.  Dr. Rubin earned a Ph.D. in Biochemistry and Biophysics from the University of Rochester School of Medicine & Dentistry and a certificate in corporate governance for Board of Directors service from The George Washington University School of Business.

 

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