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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.

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Alex Philippidis joins Rich Bendis on BioTalk to discuss the BioHealth Capital Region from a National viewpoint, other Hubs, and how the industry has adapted in the age of COVID-19.

Alex specializes in biopharma business news and industry issues for GEN. He joined GEN in 2011 after four years at GenomeWeb, where he covered research institutes and spent three years following biotech economic development as editor of the weekly newsletter BioRegion News. Alex reports a variety of news stories for GEN and Clinical OMICs and compiles the popular A-Lists series.

 

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NCC PDI Pediatric Medical Device Pitch Competition Deadline Extended Children s National Hospital

WASHINGTON, June 29, 2020 /PRNewswire/ -- Ten finalists have been named in the prestigious annual "Make Your Medical Device Pitch for Kids!" competition presented by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI). Representing innovations in cardiovascular, orthopaedic and spine, and neonatal intensive care unit (NICU) medical devices, finalists were selected from a field of 30 semi-finalists who competed in March 2020.  The ten innovators now have access to a new pediatric accelerator program and will compete for FDA-funded grants of up to $50,000 each in the final virtual pitch event on Oct. 7 as part of the 8th Annual Symposium on Pediatric Device Innovation, co-located with the MedTech Conference, powered by AdvaMed.

 

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Alexandria LaunchLabs logo Google Search

PASADENA, Calif. and DURHAM, N.C., June 30, 2020 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, technology and agtech campuses in AAA innovation cluster locations, today announced the winner of its inaugural $100,000 AgTech Innovation Prize that called on innovators with demonstrated novel approaches to agriculture-, food- and nutrition-related challenges, which are key to advancing human health. The prize was awarded to TerMir Inc., a North Carolina–based agtech company pioneering an innovative and environmentally safe treatment for citrus greening disease—one of the most devastating citrus diseases in the world. Citrus greening disease has resulted in a drop in citrus production and harvesting while driving up costs and job losses. In response to this presently incurable agricultural, environmental and economic challenge, TerMir has developed a cutting-edge and effective solution for breaking the greening cycle with the potential to eradicate the disease.

 

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Black and Gray Laptop Computer Free Stock Photo

Most companies fear competition from a rival’s product innovations and the risk of falling behind their industry’s technological frontier. Firms affected by such competitive pressure usually react by trying to strengthen their R&D capabilities and close the gap between their and their rival’s technologies as quickly as possible. But how exactly can firms catch up? Our research shows that rather than innovating from scratch in house or partnering with others in strategic alliances, the most effective solution may be to buy access to an already existing technology and incorporate it into your R&D.

 

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Woman Writing on Dry erase Board Free Stock Photo

Teachers had to quickly adjust their lessons and methods of teaching so they can continue their students' education during the novel coronavirus pandemic. Although teachers have the incredibly important job of educating the next generation of Americans, their earnings vary widely across the country.

Nationwide, the average public school teacher salary for the 2018-2019 school year was $61,730, according to data from the Department of Education's National Center for Education Statistics. While the nominal teacher salary has increased over the last couple decades, when adjusted for inflation, average salary has dropped over time — about 1.3% lower than the $62,545 average in the 1999-2000 school year using 2018-2019 dollars.

 

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diversity

Venture capital has a race problem.

Studies show that out of all VC funding, less than one percent goes to Black founders. If that number wasn’t staggering enough, according to Forbes only three percent of VC funds employ Black or other minority professionals. Black entrepreneurs and those in the investment realm agree: to increase the amount of VC money going to Black businesses, we must first crack the pipeline puzzle.

 

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Why Nurturing Talent Will Help Companies Survive the Pandemic Knowledge Wharton

What is common between leaders like San Francisco 49ers head coach Bill Walsh, Oracle cofounder Larry Ellison and California cuisine pioneer Alice Waters? They, and scores of others like them, “generate and regenerate talent on a continuous basis,” according to Sydney Finkelstein, a professor of management at the Tuck School of Business at Dartmouth College.  

Finkelstein discusses this leadership trait, among others, in his recent book The Superbosses Playbook, a sequel to his earlier book Superbosses. In his research, he aims “to find people who have that track record and then do deep dives into them and all of their proteges and colleagues” to try to see what makes them tick. (He speaks with such individuals on his own weekly podcast, The Sydcast.)

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

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When working from home (WFH), you still need to take care of your personal life.

#WFH #WorkFromHome #WorkingFromHome #RemoteWork

 

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Indiana launches first of its kind 5G Zone to advance innovation and related technologies Purdue University News

WEST LAFAYETTE, Ind. — Purdue University will reach 275 startups within the coming fiscal year in startup creation. Providing strength and longevity to Purdue-affiliated startups is the more than $400 million dollars in support and investments the startups have brought to Indiana, much from venture capitalists.

“Venture capitalists are interested in companies with innovations that make an impact in the marketplace,” said Purdue alumnus Bruce Schechter, who co-founded Silicon Valley Boilermaker Innovation Group, SVBIG, to support Purdue’s startup creation.

 

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COVID 19 Tracker COVID Business Response Center McKinsey Company

Amid the fallout from the coronavirus pandemic, the position of the nation’s small businesses overall appears bleak. The sectors most affected by the coronavirus and the least financially resilient sectors include 1.7 million small businesses, employ 20 million workers, and contribute 12% of US business revenue. A long-lasting COVID-19 crisis could continue to affect these sectors disproportionately and make more of their firms vulnerable to permanent closure. As it is, McKinsey analysis of several small-business surveys suggests that before accounting for intervention, 1.4 million to 2.1 million US small businesses (25% to 36%) could close permanently as a result of the disruption from just the first four months of the COVID-19 pandemic. For more, please read the McKinsey article “Which small businesses are most vulnerable to COVID-19—and when.”

Image: https://covid-tracker.mckinsey.com

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