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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.

NewImage

The works of Leonardo da Vinci were so transformative, they still hold influence more than 500 years after his death. His painting, Salvator Mundi, an iconic image of Jesus Christ giving a blessing, broke all records for any piece of art when it was sold at auction in November for more than $450 million. Walter Isaacson, former chairman of CNN as well as managing editor of Time magazine, has chronicled the life of the greatest figure of the Italian Renaissance in a book simply titled Leonardo da Vinci. Isaacson, a professor of history at Tulane University, visited the [email protected] show on Wharton Business Radio on SiriusXM channel 111 to explain what businesses can learn by embracing da Vinci’s kind of intense creativity and curiosity.

Image: http://knowledge.wharton.upenn.edu

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Steve Blank

The Drucker Forum 2017 in Vienna last month gave considerable attention to the role of a corporate strategy in a rapidly changing world. In particular, Steve Blank explained how CEOs have to grapple with five new forces, that led, among other things, to Jeff Immelt losing his job as CEO of General Electric (GE), despite a massive multi-year effort at innovation through the Lean Startup approach.

 

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college students

Millennials flocked to U.S. cities over the past decade, but in some places, the migration appears to be reversing. After years of growth, the population of millennials in Boston and Los Angeles has fallen since 2015, with more young people leaving the cities than arriving last year, according to the latest Census data. And millennial growth has slowed in large hubs like Chicago, New York and Washington, D.C.

Dowell Myers, professor of demography at the University of Southern California, first suggested in 2015 that cities would begin to see declines in millennials. With the largest birth group turning 27 this year, Myers says it’s only a matter of time before millennials head to the suburbs for more space.

 

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boxing

Kaleigh Moore had been working for an Illinois nonprofit as a PR manager for around two years when she asked her boss to work remotely once a week. “I was mostly doing email and phone outreach or writing work when I wasn’t traveling,” Moore recalls, and “the 100-plus miles on my car each day and gas money were significantly cutting into my earnings,” which weren’t that high to begin with.

 

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boston

The top 10 funding rounds for Boston startups in 2017 represented more than $1 billion and then some — if you count the follow-on rounds that happened for a few companies.

The Boston tech companies that raised 2017’s largest financing rounds represent a wide range of sectors, from agriculture and cybersecurity to healthcare and manufacturing. The list, which does not include biotech or life sciences companies, was compiled using Crunchbase data.

 

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laptop

Many people feel like they’d like to start their own business — maybe they have a great original idea, or they can see a way to do something better than what the market currently has to offer. Yet all too often, these same people let their potential go unfulfilled because they think they’re not quite ready for the responsibilities that come with starting a business.

The truth is, nobody is ever truly “ready” to dive into entrepreneurship. You’ll probably never feel like you have enough money to get your startup off the ground, or you may feel like you don’t have enough knowledge or experience.

 

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technology

When it comes to keeping and growing the technology and life sciences industries in New Jersey, a survey recently conducted by the New Jersey Tech Council revealed commonly proposed solutions: increased funding and decreased regulations.

According to more than 100 responses to the council’s Technology Community Survey, the top issues the technology and life sciences industries face are the cost of living, state taxes and regulations, and a lack of financial incentives from the state.

“It’s no surprise the tech entrepreneurs worry about New Jersey’s taxes and cost of living,” James Barrood, CEO and president of the Tech Council, said. “But, they also recognize important opportunities for the state to target incentives and seed funding for growth companies and entrepreneurs.

 

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ssti logo

Last week, The Digest covered newly released data from the National Science Foundation’s National Center for Science Education Statistics, which found that for the first time in five years, federal funding for higher education research and development increased in both current and constant dollars. For the country as a whole, higher education R&D expenditures increased by roughly 10 percent from FY 2011 to FY 2016, while gross domestic product increased by nearly twice as much. This article examines state-by-state trends in R&D activity at colleges at universities.

 

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Elon Musk

Want to raise $700,000 for your business? Follow Elon Musk's lead and sell some hats.

Earlier this year, the CEO of Tesla and SpaceX apparently got really frustrated with Los Angeles traffic and tweeted that he wanted to dig some tunnels to alleviate the problem. Hence, The Boring Company was born. With this pet project, Musk aims to dig a 6.5-mile tunnel to prove the concept in Los Angeles, with plans for more extensive tunnels in the city to follow.

 

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team

Hire talent, yes. Define your values, sure. Set clear goals, of course.

But how do you actually build and manage high-performance teams?

Stanford University researchers share new findings on how hierarchy improves morale, as well as how experts drive or block innovation, depending on their organizational role.

Plus, practiced CEOs and coaches share their tips on how to run a better interview, how to select talent that will grow with your company, and what to look for when hiring for a team -- not just a single role.

 

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bio startup

The EU is stepping up efforts to stimulate investment in the bioeconomy, sounding out investors on the opportunities and challenges of a new multi-million euro fund.

At a conference on December 6 in Brussels, European Commission and European Investment Bank officials received market views on ways the new investment vehicle could coax private capital into a sprawling sector filled with researchers and executives who retool biomass into bioplastics, cosmetics and other goods.

 

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great barrier reef

The next time someone tells you that we can’t tie an individual weather event to climate change, you should tell them that’s partly to mostly bullshit. Not only can we say a whole lot about an event’s ties to climate change, but some events could not have occurred without global warming’s assistance. 

Let this sink in for a second. 

Global warming is bringing us newly possible extremes, from the 2016 global average surface temperature milestone (it was number one, baby), to a stifling heat wave in Southeast Asia that set numerous all-time high temperature records. 

 

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