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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.

coronavirus and woman with mask.

The military wants to stop pandemics. Many of the innovations and breakthroughs deployed to combat COVID-19 began years ago as Pentagon-funded research programs to protect soldiers, some spearheaded by the Defense Advanced Research Projects Agency. Bill Whitaker and 60 Minutes cameras were allowed in to report on some of the technologies the Department of Defense is developing to defend against future pandemics -- including a single vaccine to ward off all coronaviruses. Whitaker's report will be broadcast on 60 Minutes, Sunday, April 11 at 7 p.m. ET/PT on CBS.   

 

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BIRMINGHAM, Ala. (April 8, 2021) – Dr. James Crowe, Professor of Pediatrics and Pathology, Microbiology and Immunology in the School of Medicine, has been named winner of the 2021 SEC Faculty Achievement Award for Vanderbilt University, the SEC announced on Thursday.

A board certified pediatric infectious diseases physician and viral immunology researcher, Dr. Crowe is a member of the National Academy of Medicine and the National Academy of Inventors. He is a named inventor on approximately 100 patents and patent families for vaccines and antibodies. His research interests are in the human immune response to infection, and his work has been supported by the National Institutes of Health, agencies within the U.S. Department of Defense and numerous foundations. He has been published in journals such as Nature, New England Journal of Medicine and Journal of the American Medical Association.

Image: https://www.thesecu.com

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At the outbreak of the pandemic, no one could have predicted that Americans would have access to three highly effective vaccines within a year.

No one, that is, except our nation's scientists. Researchers at Pfizer, Moderna and Johnson & Johnson were uniquely prepared to fast-track the development of these breakthroughs, thanks largely to the legal infrastructure that encourages companies to make risky bets on cutting-edge technologies.

Image: J&J Covid 19 Vaccine - The Associated Press

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“Most of the startups I give advice to about how to raise venture capital shouldn’t be raising venture capital,” an investor recently told me. While the idea that every startup isn’t venture-backable might run counter to the narrative to the barrage of funding news each week, I think it’s important to double click on the topic. Plus, it keeps coming up, off the record, on phone calls with investors!

 

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Man with mic and computer.

Seemingly overnight, COVID-19 has triggered a radical reworking of work. Long-percolating digital transformation plans accelerated from months to days, as companies scrambled to move customer-facing operations online, reconfigure supply chains, set their people up to work from home, and create new protocols and practices for safety and productivity on the factory floor. The urgency, scope, and scale of the switch to a remote working environment have pushed many areas of organizations to the breaking point.

 

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ITIF Logo

In 2013, ITIF found that America was no longer the lead nation in terms of funding university research—nowhere near it, in fact—despite having world-leading research universities that have been key to driving American technological supremacy since World War II.1 According to the latest data available at that time, the United States ranked 24th out of 39 nations in government funding of university research as a share of gross domestic product (GDP). Since then, according to data provided by the Organization for Economic Cooperation and Development (OECD), the United States remained in 24th place out of 36 nations, with the nine governments investing more than double the U.S. level. In addition, in terms of change, U.S. funding as a share of GDP fell by 0.06 percentage points. The only nations in the sample with larger declines were Lithuania, Estonia, Singapore and Ireland.

 

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Although every startup is unique, there are certain common avoidable mistakes that can lead to legal complications which jeopardize the long-term success of the business. I’m not suggesting that every startup needs a lawyer, but you should definitely pay attention, and not be afraid to consult legal counsel if any of these raise qualms for you.

Image: https://blog.startupprofessionals.com

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Ryan Chartrand

For many years, remote work was an amenity. It was something startups and young companies offered as a way to attract top-flight talent and stand out in a crowded job market.

Now? Remote work is an expectation that is transcending the traditional at-home setup. Just look at Hyatt’s “Office for the Day” package as evidence of this shift. The hotel chain offers workers a refreshing opportunity to change their scenery and work in a way that benefits their well-being. But better remote working isn’t just about being able to afford a private beach — it’s about subtly shifting your environment to boost your mood and creativity.

 

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Many people are tempted by the prospect of starting their own company. Entrepreneurship brings the opportunity to be your own boss, solve your own problems and create your own rules. Entrepreneurship can also be a very lucrative career choice — just look at companies like WeWork, Instagram and Slack, which all started as side hustles. On the flip side, however, pursuing entrepreneurship can be one of the most challenging and risky decisions you can make, especially if you already have a stable corporate job.

 

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It’s no secret that entrepreneurs think differently than the average person. After all, it takes a lot of ingenuity (not to mention guts) to launch your own business and build it from scratch to turn it into a success.

But even then, there’s a fine line that separates the most successful and innovative entrepreneurs from the rest. Yep, you don’t just need to think differently from the average Joe. You also need to think differently from your fellow entrepreneurs — time to start using your brainpower!

Image: "Impatient Enlightenment" STEVE WASTERVAL

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If you are a new business owner or entrepreneur, you are likely to be creative and willing to take a risk, and you  robably assume that most potential team members have the same mindset. Unfortunately, the reality is that not everyone has that mindset, and one of your toughest jobs is to find the right hires to make your business a success.

Image: https://blog.startupprofessionals.com/

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