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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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Asking any one industry to save the world is, admittedly, hyperbolic. But the fast-growing private equity industry is, in many ways, uniquely positioned to use its strengths, market position and capabilities to generate positive returns for society in specific areas as it generates returns for investors. In fact, the ways the industry creates value today is directly translatable to an environment in which we face an imperative to repair, rethink and reconfigure. PE’s edge has always been to create value by driving transformation more quickly and deeply than other owners can. In the industry’s first decades, that meant swiftly reducing costs and repositioning assets. Today and tomorrow, that can mean turning its catalysing power to decarbonisation and sustainability—and, to do so throughout large portfolios that cut across geographies and industry sectors.  

 

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EDA is pleased to announce today that seven organizations from across the United States have been awarded a total of $2 million in grants through the inaugural STEM Talent Challenge, which aims to boost local science, technology, engineering, and math (STEM) talent.

Grant projects are building STEM workforce readiness while fueling innovation and entrepreneurship in emerging and transformative sectors, such as space commerce, aeronautics, digital manufacturing, biotechnology, advanced manufacturing, and cybersecurity. Click here for more about each project.

 

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For America to remain the global leader in IT, the U.S. government must formulate a grand strategy grounded in a new doctrine of “digital realpolitik.” The first priority should be advancing U.S. interests by spreading the U.S. digital innovation policy system and constraining digital adversaries, especially China. This will entail working with allies when possible—and pressuring them when necessary.

 

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Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. If you need funding for these early stage activities, I have some suggestions on better strategies to follow.

 

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2020 INVESTMENTS HIT NEW ANNUAL RECORD DESPITE THE PANDEMIC 

US-based, VC-backed companies raise nearly $130B in 2020, up 14% year-over-year (YoY) from 2019, despite the impacts of Covid-19 around the world.

However, annual deal activity is down YoY, falling to 6,022 deals, a 9% decline from 6,599 in 2019. 

Image: https://www.cbinsights.com

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Shivang Saxena

In a world where job opportunities are limited as well as limiting, entrepreneurship is a journey that many have opted to traverse. Some successfully: Tom Moyal, CEO of Digital Event, and Jay Awal, Founder and CEO of MxM, are entrepreneurs who have succeeded and share their secrets.

Digital Event is a marketing agency that caters to clients who need logos, Web designing, and even influencer contacts to boost their brand visibility. Moyal has worked with celebrities to personalize their social media filters, for instance, Alexa Dellanos and Tana Mongeau.

 

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Registration Link: NHLBI Catalyze webinar

 

Topic: The NHLBI Catalyze Preclinical Program informational webinar

Time: January 26, 2021 3:00 PM EST

Description:

The National Heart Lung and Blood Institute recently launched the Catalyze program to empower and support translational research through a comprehensive suite of funding, technical services, training, and mentorship to translational investigators working across NHLBI's entire heart, lung, blood, and sleep portfolio.

Projects supported by NHLBI Catalyze receive funding, project management support, access to technical services and expertise, advisory services (IP, regulatory, commercialization), training opportunities, access to best practices and the opportunity to become part of an innovation network.

The NHLBI Catalyze Program funding initiatives support product development, including product definition, preclinical research and development from post-discovery to Phase I trial readiness, and enabling technologies and transformative platforms that address heart, lung, blood and sleep diseases and disorders.

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Nearly 75 years ago, the head of the U.S. Office of Scientific Research and Development, Vannevar Bush, published what became a seminal report in the science community. The report chronicled the necessity of basic scientific research, investment by government in science and innovation, and identified the reasons to push the limits of our own knowledge. Science, The Endless Frontier was Bush’s call for a committed relationship between government and science. In the spirit on Bush’s pioneering report, the National Academies of Science (NAS) and the Council on Competitiveness (the Council) have published reports outlining the ways in which policymakers, the private sector, and researchers can boost American innovation in the years ahead.

 

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City street in the evening.

In the aftermath of COVID-19’s first wave in March-April 2020, an astonishing 62 percent of employed Americans said they’d worked remotely for at least a portion of the first few weeks of the pandemic.

While many of those people didn’t make a permanent shift to working remotely and a large percentage have returned to their physical workplaces, many economists expect the shift from traditional office settings to working from home to continue.

 

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A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have. The right answer is to find a co-founder with complementary skills.

Image: https://blog.startupprofessionals.com

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Lori Ioannou

The pandemic has upended the U.S. economy and it has also had a far-reaching effect on Silicon Valley, the venture capital industry and the entrepreneurial ecosystem in America.

According to PitchBook’s 2021 US Venture Capital Outlook report that was released late last month, the Bay area’s share of total VC count in the U.S. will fall below 20% for the first time in history, while other cities around the country grab larger amounts of equity capital for their home-grown innovators.

 

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