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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.

Edmund Ingham

There was a time when being a “solo founder” in London’s Tech City was simply “not cool.” The equivalent of being the last guy on the dance-floor at 2 a.m. when the bar was closing.

But times change, and what may have looked like a mistake just a year ago, for change happens fast on the Silicon Roundabout, is looking like the smart move now. Perhaps, as they surely told themselves back then, the solo founders just didn’t happen to click with anyone suitable.

 

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Can we afford to shut the door on bright, motivated would-be entrepreneurs whose ideas could one day change the world? I don’t think so, but that’s exactly what’s happening all around the globe.

Young people with the potential to become business leaders are too often unable to get past the disadvantages of poverty and a lack of access to knowledge and support.

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There are two prevailing perceptions about innovation and start-ups: first, they are all tech driven, and second, they originate from just a few regions — chief among them, Silicon Valley.  I’ve seen firsthand that innovation can happen anywhere, and that it is accelerating in places that typically don’t grab headlines. And I have met hundreds of entrepreneurs living in cities in “flyover country” that are building great companies and creating jobs in a wide range of industries.

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For 75 years, the rules in this country governing capital formation for high growth enterprises have not changed. There are two categories ... (i) public companies which float equity securities, e.g., common stock in public offerings with shares publicly traded on various exchanges; and (ii) private companies financed by placements to a limited group of investors pursuant to exemptions from federal and state registration requirements, the shares changing hands infrequently until and unless the company goes public.

The division between public companies and private companies is no longer a bright line. A new entrant … HPPOs (hybrid public private companies)… has approved HPPO shares are not listed on the NYSE or NASDAQ but are traded on secondary exchanges. Companies, holding shareholders "of record" to under 2000 (up from 500), can remain HPPOs.

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Mark Cuban

Mark Cuban recently published his thoughts about what it takes to be great in business, boiled down to six fundamental practices.

But for startups in particular, Cuban, whose net worth Forbes recently estimated to be $2.6 billion, has a few extra pointers. Illumination Consulting, based in La Jolla, Calif., gathered together those tips in the below infographic.

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Leading management consultancy McKinsey joined with a number of other prominent companies to announce an effort to improve employee health this week. But McKinsey is unusual because its employees join and leave the firm young. The average age is 35, and over 80% of the staff are under 40. The firm has much lower rates of chronic conditions like obesity, diabetes, and heart disease than other companies. So its wellness efforts as described in the report, released by Bipartisan Policy Center’s CEO Council on Health and Innovation, don’t focus on biometric data or fitness, but on the notoriously poor work-life balance of its consultants.

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Fifty years ago, women in the United States won a major achievement: Title VII of the 1964 Civil Rights Act listed sex as one of the characteristics that employers couldn’t discriminate against. American women began to enter the workforce in larger numbers across sectors, paving the way for social and economic change.

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Www bionj org wp content uploads 2014 09 Industry Study 9 19 14 Final Final pdf

With this year’s review of the State of New Jersey’s life sciences industry, BioNJ expands on its remit of prior years by assessing the three major sectors that make up New Jersey’s life sciences innovation cluster: biotechnology, pharmaceuticals, and medical devices.

The report also is meant to rebut Ben Franklin’s infamous pronouncement that New Jersey is “a barrel tapped at both ends”. All too often reports analyzing the life sciences industry have followed Franklin’s notion by dividing New Jersey along the metropolitan statistical area (MSA) boundaries of New York/Northern New Jersey and the Delaware Valley which incorporates southern New Jersey.

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When 16-year-old Dick Fosbury first attempted the high jump in high school track-and-field, he couldn’t even qualify for his meets. With a bad back, bad feet, and an easily worn-out body, Dick was hardly champion material. He also had a terrible habit of jumping and landing the wrong way, to the dismay of his coaches and probably his mother.

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Gabrielle Karol

Sand Hill Road might not be as famous as Madison Avenue or Rodeo Drive – unless you’re an entrepreneur.

Home to Silicon Valley’s most celebrated venture-capital firms, Sand Hill Road is where ideas get turned into reality. FBN’s Liz Claman has an exclusive look inside Greylock Partners, the VC firm behind astronomical success stories like Facebook, Instagram and LinkedIn.

 

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At a time of widespread unemployment, one part of the economy has consistently provided jobs: health care. In the past decade, the industry added 2.6 million positions, according to a report last year from the Brookings Institution. That's a growth rate of 22.7%, compared to just 2.1% for all other sectors.

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Last year, we launched a program called the 1M/1M Incubator-in-a-Box. Part of its goal has been to stimulate corporate innovation and intrapreneurship. It has exposed us to a broad range of technology companies and their innovation goals, strategies, and processes. While most of what we have learned is confidential, I will synthesize some trends we’re seeing in this domain.

Image: Free Digital Photos

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