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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.

hug

When a loved one has a tough day, you probably give them a hug without a second thought. And a new study says that simple act may have a larger effect than you realize.

Hugs can have a measurable impact on mood and stress after social conflict, according to a paper published Wednesday in PLOS One. The gesture seemed to increase positive feelings and reduce negative ones on days when people experienced relationship problems, the study found.

 

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competition

Earlier this year, the Chan Zuckerberg Initiative joined with the Rockefeller Foundation to offer $10 million in prize money for the winners of their Communities Thrive Challenge. The idea is for community groups to suggest scalable ways to build more economic opportunity for low-income and financially insecure people in the areas they serve.

 

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TNewImagehe CEO of Deloitte, Cathy Engelbert, calls the massive changes that are happening in business and society the 3 D’s: Data, Digital, and Disruption. These changes are bringing about new strategies of leadership and hiring and are requiring new skill sets of inventiveness and creativity.

Thaddeus Arroyo, CEO of AT&T Business says that this disruption is the new normal and that this massively impacts hiring strategies: “The generation of employees that are entering now are coming from this connected generation and they think and work differently.”

Image: https://www.webpronews.com

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money

Venture capital firms are raising a record amount in 2018 and are on pace to top $100 billion for the year, according to the latest report by the National Venture Capital Association and PitchBook.

Firms have closed 6,583 deals worth $84.3 billion in the nine months ended Sept. 30, a record amount of capital for the first nine months of a calendar year, the report said. By comparison, in all of 2017, 9,253 deals worth $82 million were closed.

 

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windows

Californian-based Kinestral Technologies has commenced mass manufacturing its patented smart-tinting glass at its newly-opened factory in Miaoli, Taiwan.

The 10,000sq m facility, provided by the company's strategic partner G-Tech Optoelectronics, has been retrofit to produce up to 38,000sq m of glass per year using existing solar industry and flat panel production lines.

 

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NewImage

There is constant buzz about 'unicorns' and sky-high valuations, but raising venture capital is not the only funding option for entrepreneurs — or necessarily the best one. In exchange for funding, entrepreneurs lose some equity and decision-making power and there is an immense pressure to scale quickly and go public or sell.

Image: Evan Cohen and Lorine Pendleton at the When VCs Aren't the Right Option: 3 Viable Alternatives for Funding at the 2018 Forbes 30 Under 30 Summit.BEN ESAKOF

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report

The American Society of Clinical Oncology (ASCO) projects a shortage of over 2,200 oncologists by 2025 amidst a 40 percent growth in the overall demand for oncologist services. Amidst this growing shortage, the most common cancer for American women – breast cancer – continues to rise. The National Cancer Institute estimates that there will be 266,120 new cases of breast cancer in 2018. This report examines the oncology workload distribution and retirement ages of oncologists across the largest 50 U.S. metropolitan statistical areas (MSAs) by population, drawing on the Doximity profiles of more than 20,696 licensed oncologists. The report also explores the percentage of oncologists that were trained in their current metro area to assess how many younger oncologists stay versus leave their training communities, a factor that may contribute to regional oncology shortages.

 

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NewImage

More than 2,4 billion euros was invested in about 10 years by European Union through European Institute for Innovation and Technology so as to give the opportunity to new promising companies and SMEs to support their innovative ideas.

This year the InnovEIT 2018, which took place in the sunny and admirable Budapest, awarded four companies with prizes ranging from 20 to 50 thousand EUR. Ioannis Tamanas, President and CSO of Altoida, returned home with the first prize and some very attractive promises for VCs. Altoida's app gives a prediction for Alzheimer Disease with an accuracy of over 90%.

Image: The winners of InnovEIT 2018 on stageYIANIS MOURATIDIS

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NewImage

Novartis is set to open innovation labs around the world to connect with tech companies. The labs, the first of which has opened in San Francisco, will serve as a bridge between companies developing R&D-enhancing technologies and the broader Novartis business.

Switzerland’s Novartis hit upon the idea after identifying a gap in the technology development and adoption process. Tech companies, from Alphabet, Amazon and Apple down to startups, are working on products and services that could improve R&D and other parts of the biopharma industry. But these companies can be disconnected from organizations that will use their technologies, depriving them of input that could ensure they meet the needs of potential customers such as Novartis.

Image: https://www.fiercebiotech.com

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congress

Congress recently passed the Department of Energy Research and Innovation Act (H.R.589) which essentially authorizes many existing Department of Energy activities. It also emphasizes efforts to ease and accelerate technology transfer to the private sector. The bill was first introduced back in January of 2017, quickly passed by the House but not passed by the Senate until this July, and just signed by President Trump on September 28, 2018. It has three main elements:

 

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Gov Murphy s innovation plan Visionary comprehensive and a great start ROI NJ

The New Jersey Tech Council has brought together and represented the state’s regional technology communities for over 20 years, and we’ve always prioritized strengthening the local ecosystem that supports our innovators and entrepreneurs. So, we listened with great anticipation as Gov. Phil Murphy presented his new economic development plan. We’re pleased to say it’s remarkably visionary and thorough.

The governor first noted that New Jersey has a tremendous legacy of innovation and entrepreneurship that has driven economic growth for the entire country, but, in the past 10 years, we’ve lagged most states in supporting and benefiting from the innovation economy. That’s a point we’ve made often. We’re pleased that Murphy has placed the objective of nurturing innovation-driven economic growth front and center, and his team seems equally committed to fully leveraging the state’s extraordinary resources.

Image: New Jersey Tech Council - James Barrood is CEO and president of the New Jersey Tech Council.

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