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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.


My company, MDI Ventures, is a US$140 million corporate venture capital (CVC) firm backed by Indonesia’s largest state-owned telecoms conglomerate Telkom Group.

The firm, which has been around since 2015, refers to its fund as ‘evergreen,’ meaning each year Telkom Group may replenish or increase the size of the fund depending on market conditions. To date, we are the largest such fund for startups in the archipelago.


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Founder Institute, based in Palo Alto, Calif., is opening a chapter in Houston, bringing its business accelerator program for entrepreneurs and startups that have not yet received financing.

Founder Institute started in May 2009 in a small classroom at Stanford University. It has since expanded to more than 180 cities, helping 3,724 companies that have raised more than $850 million.

Image: Photo: Founder Institute

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Biotech s top 10 money raisers of 2018 FierceBiotech

If 2017 was a banner year for biotech venture capital, 2018 blew it out of the water. Last year, private biotech companies reeled in a grand total of $16.8 billion, eclipsing 2017’s then-record $12.1 billion by 39%. And it wasn’t just the total spent that smashed records: The average per financing round increased too, and so did the proportion of enormous megarounds. 

The average raised per financing was $42.7 million, which—once upon a time—would have been impressive. This figure is three and a half times the average round in 2013, which stood at $12.6 million.

Image: Although the number of venture capital rounds fell to its lowest in a decade, larger deals made sure the total raised in 2018, $16.8 billion, surpassed 2017's record. (Eli Richman/FierceBiotech) 

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In my role as President and CEO of the Chamber of Commerce Association of Alabama, I’m reminded daily that science and technology research plays a critical role in our state’s economic growth. [The Huntsville area has attracted thousands of new jobs and billions of dollars of investment in recent years, with Boeing and Blue Orgin being the most recent economic development announcements, because of the defense and space industry’s research at the Marshall Space Center and Redstone Arsenal.


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Jeff Davidson

Effective time management is dependent, in part, on how creative you are.

Creativity means taking novel approaches to problems and issues. If you or your team follows the same routine every day, you could be wasting large chunks of time. When you use creative approaches to the tasks at hand, it often leads to new, time-saving breakthroughs and possibilities, whether they're in your job or in your career marketing program. 


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Kerry Ann Rockquemore is out to change the way you look at angel investors.

“When most people think of angel investors, they aren’t thinking of youngish women of color,” says Rockquemore, founder of the National Center for Faculty Development & Diversity in Detroit.

The numbers support her belief. Women make up only 22 percent of all angel investors in the U.S., according to a November 2017 study by the Wharton Entrepreneurship and Angel Capital Association.


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power station

Imagine spending your whole career working on a question to which you don’t want to know the answer. We know that greenhouse gas emissions can and do warm the planet, but we don’t know one very basic thing: how hot, exactly, is it going to get? The main reason for this, of course, is that human behavior is so hard to predict. How will the people of the late twenty-first century get their energy? Will they need as much as we do, or will they have reconciled themselves to fundamentally different lives?


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Security concerns, limited time, and no budget are some factors that can stop companies from innovating. Tom Merritt examines the top five roadblocks to innovation and how to overcome them.

Innovation is essential to so many things for a business, including success and longevity. Being innovative isn't easy, or everyone would do it. Half the battle is knowing what's in your way. So let's look at five barriers to innovation, so you can clear them away.

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Nearly fifteen years ago, in 2005, we published a Harvard Business Review article with our colleagues which introduced a new approach to personal and professional development: the idea that receiving affirmation is a powerful way for us to grow, particularly when it comes in the form of stories describing moments when we are at our best. In this article we introduced the Reflected Best Self Exercise (RBSE), a tool based on our academic research which is now used by thousands of people globally in corporate trainings, team building, executive leadership programs, and in graduate and undergraduate courses in a variety of disciplines.


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The new legislation would bolster the national network of Manufacturing USA institutes by expanding job training programs and providing support for entrepreneurs.

On May 10, U.S. Senators Kirsten Gillibrand (D-NY) and Chris Coons (D-DE) announced a new bipartisan bill whose intent is to increase America’s global competitiveness in advanced manufacturing. The Global Leadership in Advanced Manufacturing Act would expand the national network of Manufacturing USA institutes.

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