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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.

meeting

If your perception of a successful entrepreneur is shaped by what’s portrayed in the media, you probably think it’s a young person’s game. New research shows this may be more myth than reality.

According to a report published in the Harvard Business Review, the average age of a successful startup founder is 45.

While movies, news articles and TV shows may feature a stereotypical image of young male who is dropping out of college to start the next big thing, reality is telling a different story. This holds true among founders of widely varying verticals.

 

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If you're looking for the best place to build a business, you may not have to look far.

The United States was ranked No. 1 in "business dynamism" in the World Economic Forum's 2018 global competitiveness report on Tuesday, scoring a global high of 86.5 points out of 100 in the category.

Image: The United States, where Jeff Bezos founded Amazon in 1994, is ranked No. 1. Ted S. Warren/AP

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TheGlobalCompetitivenessReport2018 pdf

With the Fourth Industrial Revolution (4IR), humanity has entered a new phase. The 4IR has become the lived reality for millions of people around the world, and is creating new opportunities for business, government and individuals. Yet it also threatens a new divergence and polarization within and between economies and societies. This year also marks the tenth anniversary of the beginning of the global financial crisis, which has had social and economic consequences of a magnitude unprecedented in recent generations. Combined with a background of growing inequality and geopolitical flashpoints, this has fuelled citizens’ concerns about globalization and polarized the political debate. Although global economic growth has been robust over the past two years, it remains fragile in this changing economic and political context.

Image: http://www3.weforum.org

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competition

The United States is the most globally competitive nation in the world for the first time since the 2008-2009 global financial crisis, according to a new report.

Singapore, Germany, Switzerland, and Japan rounded out the top five.

The latest Global Competitiveness Report, conducted by the World Economic Forum, uses a new methodology that aims to better account for the effects of the so-called Fourth Industrial Revolution. WEF, as it’s known, credits three things for U.S. supremacy among 140 economies: market size, innovation ecosystem (including idea generation, entrepreneurial culture, openness, and agility), and stability.

 

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What do Verafin, Radian6, Kinduct, Coconut Software, Vendasta, AbeBooks, GranDuke Geomatics and New Horizon Interactive all have in common?

They are all very successful Canadian technology companies that emerged in mid-sized cities, which for the purposes of this article are defined as Canadian census metropolitan areas with anywhere from 50,000 to 500,000 residents.

Image: Downtown Saskatoon across the South Saskatchewan River. Founding a technology business in a mid-sized city is increasingly an attractive option for entrepreneurs. JACQUES BOISSINOT

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melting ice

A new United Nations report warns that the severe impacts of global warming would occur by 2040, or in the lifetime of today’s working-age people. In order to avert that scenario, global warming must be contained at 1.5 degrees Celsius above pre-industrial era levels, the U.N.’s Intergovernmental Panel on Climate Change (IPCC) said. The report has been met with a mixture of hope and despair. Some point to the dramatic changes that would be required to hit that mark – even as the U.S., the world’s second-largest emitter of carbon dioxide, rolls back measures designed to slow climate change — while others say that the report affirms that meeting the target is still possible.

 

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SALT LAKE CITY — It isn't the first time Utah's research-focused economic development program has been faced with the question of whether it will live to fight another day.

The Utah Science, Technology and Research initiative, USTAR for short, has been subject to question and criticism essentially from its inception in 2005 by then-Gov. Jon Huntsman Jr., who predicted the program would make Utah a "haven" for forward-thinking researchers and create a system of returns that would expand with each year.

Image: Utah Science Technology and Research Initiative (USTAR) researchers showcase their most exciting projects and emerging technologies at the 2013 Innovation Fair at the Capitol in Salt Lake City on Thursday, Feb. 21, 2013. - https://www.deseretnews.com

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heart

No one ever had fun visiting the cardiologist. Regardless of how good the doc might be, it’s always a little scary thinking about the health of something as fundamental as the heart. But there are ways to take greater control—to ensure that your own heart health is the best it can be—even if you have a family history of cardiovascular disease.

 

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rubiks cube

It has become increasingly difficult to avoid the apocalyptic tales of an industry gasping for its last breath, as more and more conferences, industry coverage and client meetings are laced with fear and resignation.

Of course, the business of servicing brands has forever changed and with it, the conventional ways of running a successful agency. With downward pressure on fees, the seemingly unsustainable rate of innovation and new competitive threats – the marketing services industry has entered a new chapter.

 

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exercise

For the 50 million individuals worldwide ailing from Alzheimer’s disease, the announcements by pharmaceutical giants earlier this year that they will end research on therapeutics were devastating. The news is even more devastating considering projections that 100 million more people will be diagnosed with Alzheimer’s disease across the globe by 2050, all potentially without a medical means to better their quality of life.

 

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