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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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Since May 2020, McKinsey has run a survey of 100 executives from US-based companies to learn when and how their organizations are bringing employees back to their workplaces. The survey asks respondents to indicate the extent to which their organizations are implementing, or plan to implement, five types of safety measures (organized by category below) as well as how they plan on managing the change.

 

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Research shows that in many types of sequential competitions, the order of competitors can have a significant effect on judges’ evaluations. In some music and sports competitions, for example, competitors who go last have an advantage, while in sales or persuasive argumentation, studies have shown that going first is advantageous. But what effect does competitor order have for startup pitch contests?

 

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Johnson and Johnson Innovation

WASHINGTON, D.C., August 27, 2020 - Johnson & Johnson Innovation LLC today announced the first companies to be part of its medical countermeasure innovation collaboration called Blue Knight, a joint initiative dedicated to anticipating potential health security threats, activating the global innovation community, and amplifying scientific and technological advancements with the aim to prepare for and respond to our rapidly evolving global health environment. Blue Knight has been developed in collaboration with the Biomedical Advanced Research and Development Authority (BARDA), a component of the Office of the Assistant Secretary for Preparedness and Response in the U.S. Department of Health and Human Services, and Johnson & Johnson Innovation – JLABS (JLABS), a global network of life science incubators empowering and enabling innovators to deliver potential life-enhancing health and wellness solutions to people around the globe.

 

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questions

The continuing strength of the stock market even as the coronavirus pandemic batters the U.S. economy has baffled many observers. The Dow Jones Industrial Index fell some 30% in the first three weeks of March as COVID-19 began spreading rapidly globally, but it has since gained nearly 60% to current levels above 28,650. Meanwhile, the U.S. economy shrank 31.7% in the April-June quarter, the Commerce Department reported last Thursday.

 

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The World s Most Innovative Countries 2020 INSEAD Knowledge

Necessity is the mother of invention. Indeed, during the global coronavirus crisis, the world needed to move work, education and play to the digital realm very quickly. One example of an accelerated adjustment is how Slack, the online collaboration hub, has managed to innovate to help companies around the world pivot to remote working (as well as hiring, onboarding and training) within days. Innovation in such times is crucial, but may also increase inequalities among countries, sectors and groups of population.

Image: https://knowledge.insead.edu/

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San Francisco

In 2019, U.S. entrepreneurship rates were the highest they had ever been. And, the country’s gender gap, comparing entrepreneurship rates between men and women, narrowed to a mere two percentage points—an all-time low and one of the smallest in the world.

Fast forward to 2020.

The United States is about eight months into its battle against the global, COVID-19 health crisis. While the pandemic has brought new challenges to entrepreneurship, it seems that those well-equipped to adapt, and eager to capitalize on opportunity, are thriving in light of it all.

 

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NewImage

In 1979, MIT researcher David Birch published a report that would, unlike most studies in the field of economics, become big news. Examining more than 5 million individual firm employment records provided by the corporate information-giant Dun & Bradstreet, Birch purported to show that between 1969 and 1976, more than 80 percent of jobs were created by businesses with fewer than 100 employees.

 

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It’s easy to have an “always-on” mentality when you’re an entrepreneur. You own a business that depends on you to survive, so you never really get a day off—right?

This attitude can be detrimental both to your business and to you as the owner. While you might feel uncomfortable or guilty taking time off, it’s essential to give yourself time to rest so you can come back strong and rejuvenated. Otherwise, you're likely to end up burning out and being a less effective leader.

 

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roller coaster

At a startup, plans and priorities can change on a dime. That’s not exactly a ground-breaking statement — it’s a concept that’s well-understood and oft-discussed. But what gets considerably less attention is how each pivot brings a corresponding spike, not just to a startup's operating rhythm, but to the emotions of all the humans involved in pulling off these feats.

 

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In much of the Northern Hemisphere, it’s back-to-school season. But this year’s preparations are fraught with added anxiety as educators, public-health officials, and parents try to balance the need to reduce the spread of the coronavirus with the desire to get students into more productive learning environments.

The first priority of every school system must be to reduce virus-transmission rates and protect the health and safety of students and staff. System leaders at the national and local levels must adapt their strategies to reflect the level of transmission in their communities. In a fast-moving pandemic, that’s no easy task. Circumstances change weekly, and even countries with low case counts today should be vigilant and ready to change course in the event of a resurgence.

 

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crowd

There’s no doubt that crowdfunding is big business and a fantastic way to get your business off the ground on so many levels. Not only will you get the investment you need to get things going, but you’ll also have a loyal fanbase of consumers and interested people ready to interact with your product or service.

 

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