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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.

This illustration provided by the Centers for Disease Control and Prevention in January 2020 shows the 2019 Novel Coronavirus (2019-nCoV). This virus was identified as the cause of an outbreak of respiratory illness first detected in Wuhan, China. (CDC via AP)

Coronavirus lingers in the air and can travel more than six feet, but increasing ventilation and filtration in your home can help to combat the spread, according to guidance from Johns Hopkins University.

“Under certain conditions, people with COVID-19 seem to have infected others who were more than 6 feet away. These transmissions occurred within enclosed spaces that had inadequate ventilation,” said the Centers for Disease Control of airborne transmission.

Image: This illustration provided by the Centers for Disease Control and Prevention in January 2020 shows the 2019 Novel Coronavirus (2019-nCoV). This virus was identified as the cause of an outbreak of respiratory illness first detected in Wuhan, China. (CDC via AP)

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Viswanath Ramaswamy

What are the changes IBM India may go through to align itself with the company’s newly accelerated global shift towards cloud computing and AI? We are redefining our future as a hybrid cloud platform and AI company. Over the last few years, we have built a solid foundation for hybrid cloud. IBM’s hybrid cloud platform generated more than $24.4 billion of revenue over the last 12 months. In Q3, our cloud and data platforms grew by 20% led by Red Hat. So you will see our focus on hybrid cloud and AI intensify further.

 

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innovation

Madam C.J. Walker, born Sarah Breedlove, was America’s first female self-made millionaire. She pioneered a line of haircare and beauty products for people of color early in the 20th century, and the recent Netflix series Self Made details the story of this talented innovator and the challenges she overcame on the way to her success.

To accomplish her goals, she had to face overwhelming uncertainties. How would she finance her business? Would her partnerships fail? Would her products sell? Would ruthless competition and racism get in her way? Madame Walker’s future was far from certain when she began her journey, but that did not dissuade her.

 

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people looking at a blueprint.

In my view, starting a new business has never been easier, and according to reports from the Kauffman Foundation, the numbers are here to show it. The rate of new entrepreneurs increased between 2013 and 2019, from 280 out of 100,000 to 310 out of 100,000 of the adult population. Over 600,000 new businesses were created in the last year, or over one per minute of every day.

Image: https://blog.startupprofessionals.com

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PEople working at computers with masks.

What lies ahead for conventional venture capital companies in the world of cryptocurrencies is not clear right now. Yet, it is a certainty that and scale of fundraising through cryptocurrencies is enormous. At this stage, it is difficult to say how the world of cryptocurrencies would shape the investing methodology of venture capital companies; However, this experiment is worth watching.

 

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Elizabeth Edwards is the founder and managing partner of of H Venture Partners.Courtesy Elizabeth Edwards

Some of today’s most notable companies began as side hustles before they saw success. And at some point, all these founders had to ask themselves the same question: “Will this idea scale?”

I’ve been a venture capitalist for 15 years, investing all over North America in 40 companies, including Peloton and Bill.com, both of which went public, and Freshly, which was acquired by Nestle for $1.5 billion.

Image: Elizabeth Edwards is the founder and managing partner of of H Venture Partners.Courtesy Elizabeth Edwards

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Yung Wu is the CEO of MaRS Discovery District, an innovation hub located in Toronto, Canada.Yung Wu

Even before the pandemic, Silicon Valley was already facing challenges. Tech companies were bleeding workers due to less-than-helpful White House visa policies and the unintended consequences of the longest bull market cycle in history. These factors and several others created an unbalanced, unsustainable distribution of wealth and resources.

Now, with the pandemic pushing tech companies toward blended or virtual workforces, I'm hearing new questions about the heartland's long-term viability. Can we replicate Silicon Valley elsewhere — and, perhaps more importantly, should we?

Image: Yung Wu is the CEO of MaRS Discovery District, an innovation hub located in Toronto, Canada.- Yung Wu

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upwards graph... figures climbing stairs

OTTAWA — Canada’s economy could rebound faster than expected if consumer spending jumps in the wake of a successful coronavirus vaccination effort, Bank of Canada Governor Tiff Macklem said on Thursday.

On the other hand, if the economy weakens amid a second wave of infections, Macklem indicated the central bank could if necessary cut already record low interest rates.

 

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checklist

Your high-growth company or venture-backed startup has reached an inflection point; sales are doubling but could grow more; you’re searching for new talent and new markets. Investors want to know what’s next. It may be time to consider international expansion.

Whether you're looking abroad to increase sales or to tap into a new talent pool, these five considerations can help your company get started.

 

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