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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.

Contract 2021 10 15 20 25 33 utcFundraising should always be accompanied by two things: due diligence and proper structuring. While there are several aspects to structuring, one of the most important is the agreement or instrument that is being executed for the fundraising.

An investment agreement generally defines the terms and conditions of the fundraise, the rights and obligations conferred on each involved party, the method by which all parties can exit, and so on. These clauses safeguard the interests of the company, its promoters, and incoming investors.

 

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ICoal powered plant in eemshaven 2022 02 02 05 07 42 utcn Australian startup says it has developed a technology that converts hydrogen into heat in a way that could be easily incorporated into existing coal-fired power plants.

The company is keeping the details of the tech private, but if it works as claimed, it could help clean up the world’s electric grids, which are a major source of carbon emissions and harmful air pollution.

 

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The sunrise casts a warm glow around the Artemis I Space Launch System (SLS) and Orion spacecraft at Launch Pad 39B at NASA’s Kennedy Space Center in Florida on March 21. (Image credit: NASA/Ben Smegelsky)NASA's gigantic Artemis "mega moon rocket," the most powerful space rocket ever built, is gearing up to blast off to the moon. The Artemis 1 mission will launch Monday, Aug. 29, on an uncrewed test flight of the spacecraft powering NASA's Artemis moon program, which will eventually send humans back to our nearest natural satellite and then hopefully to  Mars. Here's the plan for the launch and how you can watch it online.

Image: The sunrise casts a warm glow around the Artemis I Space Launch System (SLS) and Orion spacecraft at Launch Pad 39B at NASA’s Kennedy Space Center in Florida on March 21. (Image credit: NASA/Ben Smegelsky)

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Scientists at The University of Pittsburgh School of Medicine Eye Center are developing goggles that have a camera and processor to translate images from the environment into pulses of light.
TIM BETLER, UPMC AND UNIVERSITY OF PITTSBURGH HEALTH SCIENCESThe human retina—the light-sensitive part of the brain situated in the back of the eye—is a feat of engineering at the heart of a critical sense: Sight. So diseases of the retina like retina pigmentosa or age-related macular degeneration, which lead to impaired vision and blindness, can be particularly intractable and devastating.

But scientists are zeroing in on a suite of strategies that may offer a ray of hope.

Image: Scientists at The University of Pittsburgh School of Medicine Eye Center are developing goggles that have a camera and processor to translate images from the environment into pulses of light. TIM BETLER, UPMC AND UNIVERSITY OF PITTSBURGH HEALTH SCIENCES

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A rendering of the future city of Telosa, which will be somewhere in the American West. Image courtesy of CityofTelosa.com
Billionaire Marc Lore is fleshing out his plan to build a utopian city called Telosa for 5 million people in the American desert — and he's not the only one with such ambitions.

Why it matters: There are about a dozen projects worldwide to create sustainable, hypermodern cities-from-scratch. While they may never come to fruition, the proposals themselves hint at what the city of the future might look like.

Driving the news: Telosa is set to be built on 150,000 acres in either Nevada, Utah or Arizona, and 50,000 "diverse" people will call it home by 2030, according to newly released details from Lore — a serial entrepreneur who sold Jet.com to Walmart for $3.3 billion and the parent company of Diapers.com to Amazon for $545 million.

Image: A rendering of the future city of Telosa, which will be somewhere in the American West. Image courtesy of CityofTelosa.com

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Elon Musk Royal Society crop2 jpgElon Musk is full of hot takes, and I can't say I agree with all of them. But I have to give credit where credit is due--the guy's got some pretty solid thoughts when it comes to meetings.

You may have heard Musk saying that meetings "are what happens when people aren't working," or instructing his employees to walk out of a meeting as soon as they aren't adding value.

 

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Corporate business team and manager in a meeting 2022 01 19 00 07 14 utcI'll always remember the day 12 years ago when I walked into work.

It was a time when employees were stealing toilet paper from me.

On this particular day, three or four guys were having a cigarette break. My mom was inside -- she was my customer service rep back then -- and she had two phones go off. She tried to put the callers on hold; but, boy, she was ready to pull her hair out. No one was helping her.

 

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At the beginning of the last ice, local mountain glaciers grew and formed large ice sheets, like the one seen here in Greenland. (CREDIT: Creative Commons)A new study led by University of Arizona researchers may have solved two mysteries that have long puzzled paleo-climate experts: Where did the ice sheets that rang in the last ice age more than 100,000 years ago come from, and how could they grow so quickly?

Image: At the beginning of the last ice, local mountain glaciers grew and formed large ice sheets, like the one seen here in Greenland. (CREDIT: Creative Commons)

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The three main ingredients in the new battery, from left: aluminum, sulfur and saltRebecca MillerEngineers at MIT have developed a new battery design using common materials – aluminum, sulfur and salt. Not only is the battery low-cost, but it’s resistant to fire and failures, and can be charged very fast, which could make it useful for powering a home or charging electric vehicles.

Lithium-ion batteries have dominated the field for the last few decades, thanks to their reliability and high energy density. However, lithium is becoming scarcer and more expensive, and the cells can be hazardous, exploding or bursting into flames if damaged or improperly used. Cheaper, safer alternatives are needed, especially as the world transitions towards renewable energy and electric vehicles.

Image: The three main ingredients in the new battery, from left: aluminum, sulfur and salt - Rebecca Miller

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 Maigue says the system could be applied to entire buildings such as the Montreal Convention Centre. (CREDIT: James Dyson Foundation) Solar panels are a cornerstone of the clean energy revolution. And yet, they have one great flaw: when the clouds roll in their productivity dives.

Now, a new type of solar panel has been developed by an electrical engineering student at Mapua University that harvests the unseen ultraviolet light from the sun that makes it through even dense cloud coverage.

Image: Maigue says the system could be applied to entire buildings such as the Montreal Convention Centre. (CREDIT: James Dyson Foundation)

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AURP Air Space Caucus Launch PR 082422 pdfTucson, AZ and College Park, MD, August 24, 2022 – AURP today announces the formation of the AURP Air and Space Caucus, expanding its organization scope to include communities of innovation in air and space technologies.

AURP, the leading North American innovation association, already represents research institutions and innovation districts, including those focused on air and space technologies, such as Embry Riddle University Research Park, FL; National Aviation and Technology Park of New Jersey, NJ; Aero Park Innovation District, MD; plus research parks with significant air and space components including: Purdue Research Park, IN; Oklahoma City Innovation District, OK; Wichita State University Research Park, KS; University of Maryland (UMD) Discovery District, MD, Cummings Research Park, AL.

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Worried businessman 2021 08 31 15 58 19 utcVenture capital and private equity investors are becoming concerned over the exit environment, and the majority believe the asset class is overvalued, a new survey from Preqin shows.

A total of 80% of surveyed investors believe that venture capital is overvalued, with either considerable room or some room for price reduction, according to Preqin's Investor Outlook: Alternative Assets H2 2022 report released Tuesday.

 

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