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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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Despite the devastating economic effects of the Covid-19 pandemic, digital health companies continued to close funding rounds in the first half of 2020. After startups started off the year strong, experts expected investments to flatten off due to the pandemic. But so far, digital health companies are on pace for a record 2020, bringing in a total of $5.4 billion in the first half of the year, according to a report by Rock Health.

Image: https://medcitynews.com

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novavax

The federal government will pay the vaccine maker Novavax $1.6 billion to expedite the development of 100 million doses of a coronavirus vaccine by the beginning of next year, the company said on Tuesday.

The deal is the largest that the Trump administration has made so far with a company as part of Operation Warp Speed, the sprawling federal effort to make coronavirus vaccines and treatments available to the American public as quickly as possible. In doing so, the government has placed a significant bet on Novavax, a company based in Maryland that has never brought a product to market.

 

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As we slowly emerge from lockdown, there is no ‘business as usual’ for the creative sector. In time we’ll go back to in-person client meetings and drinks after work, but for the short and medium term, businesses must re-focus and adapt to the new normal.

Flexible business models are essential to survive this crisis and thrive when it passes. Leaders must keep their company’s eyes on the essential business principles that have always fuelled them, and concentrate on building new systems, work practices and employee protection for the future.

Image: https://www.prolificnorth.co.uk

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“...I want money to do things that have never been done before,” proclaimed Georges Doriot, almost 75 years ago. His was an era where venture capital (VC) had not yet been defined as an asset class, the world was recovering from the war and backing unprofitable companies seemed like an insane idea. Yet the relatively unknown creator of VC and one of the founding fathers of INSEAD took his risks and laid down the tenets of early-stage investing as we know it today by setting up the “American Research and Development Corporation (ARD)” in 1946, technically the first VC firm. How does the world today match up to the principles of the first venture capitalist?

Image: https://knowledge.insead.edu/

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The 11 nations of the United States and their cultures Business Insider

The Fourth of July celebrates American independence from Great Britain during the Revolutionary War.  

During that time, the US was divided into 13 distinct colonies, which later grew and expanded into the 50 states we have today. 

But the US isn't only made up of 50 states. It may also be a country comprised of several tribes or factions. 

That's according to award-winning author Colin Woodard, who writes in his book "American Nations" that there are 11 distinct cultures that have historically divided North America (Canada is included in his overall analysis).

Image: The 11 nations of North America Colin Woodward and Tufts/Brian Stauffer

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money

The year is already halfway done, and the novel coronavirus pandemic has had a major effect on employment in nearly every industry. However, the future of work is still looking pretty bright for medical and tech jobs, based on data and projections from the US Labor Department.

As Americans look forward to their next potential job after the pandemic and its attendant lockdowns, Business Insider decided to look at high-paying jobs that have bright futures ahead of them.  

 

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stress

With rising case loads, physical isolation from loved ones, and, for many, a loss of routine and purpose, Americans have been enduring a mental-health crisis alongside the medical one for months. 

A May study found more than a third of adults have signs of clinical anxiety or depression. 

That's understandable, Julie Pike, a clinical psychologist in Chapel Hill, North Carolina, who specializes in anxiety disorders, told Business Insider. "Anxiety is mother nature's way of trying to protect us by pushing us to resolve uncertainty and figure out a solution," she said. 

 

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One of the simplest questions I get from aspiring entrepreneurs, and ironically one of the hardest, is “How do I start?” I want to tell them to just start anywhere, but I realize that most have no idea where anywhere is. They just aren’t prepared for the life they want, and are really asking me how to learn to be an entrepreneur. It takes more than passion and a course on business basics.

 

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Person Using Macbook Free Stock Photo

The General Services Administration is requesting proposals from small businesses under its $50 billion STARS III governmentwide IT contract.

STARS III is open to small, disadvantaged prime contractors participating in the Small Business Administration’s 8(a) Businesses Development program. 8(a) businesses are those “owned and controlled at least 51% by socially and economically disadvantaged individuals.”

The 10-year contract will build on the preceding STARS II by focusing more on emerging technologies and performance outside of the continental United States (OCONUS), GSA said in an announcement.

 

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school

Just weeks before fall classes are scheduled to begin, school districts across the country are racing to implement new measures meant to protect teachers, students and parents from the coronavirus.

But as they prepare for socially distanced lunch hours, constant hand washing and possibly even staggered attendance to minimize the number of students in the building at one time, education officials are watching with concern as schools in other nations become epicenters of new flare-ups.

 

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Black Office Rolling Chair Beside White Wooden Table Free Stock Photo

In the coming weeks, as quarantine restrictions loosen, companies around the world will begin bringing people back to the workplace. While some may be eager to finally get out of their house, a good number of people are still anxious. And if you’re among them, you aren’t alone. Seventy percent of over 1,000 workers surveyed by PwC said there are several factors preventing them from wanting to return to work, with 51% citing fear of getting sick as their major worry. For others, fear of using public transportation and having no reliable solutions for childcare or homeschooling are also concerns.

 

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