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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.

Frustrated italian female employee stressed about 2021 12 09 21 51 37 utcFounders who raise venture capital tend to focus on optimizing around four things:

Getting to the next round of funding as quickly as possible

Increasing valuation

Maintaining their reality distortion field

Attracting and retaining employees who are motivated by potential future value rather than the current mission

Notice that there isn't anything on that list focused on what it takes to build a great business. Focusing on short-term outcomes and motivations can lead your startup down a dangerous path. Here's how to avoid these pitfalls.

 

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Aristotle's avatar presents a slideshow about Greece. Prof Jim customers will be able to request avatars for whomever they’d like, be it a long dead celebrity or a specific classroom teacher.COURTESY OF PROF JIMWould students be more engaged in class if Sacagawea was the one teaching them about the Lewis and Clark Expedition? Would they retain more information if Aristotle explained the art of storytelling during their writing seminar? Would an English lecture delivered by Jane Austen, and complete with slides and pop quizzes, play well with Gen-Z?

Image: Aristotle's avatar presents a slideshow about Greece. Prof Jim customers will be able to request avatars for whomever they’d like, be it a long dead celebrity or a specific classroom teacher.COURTESY OF PROF JIM

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Happy graduate 2022 10 28 05 14 06 utcThere are those who describe the current, faster-and-faster-moving marketplace as a fourth industrial revolution. And the best entrepreneurship programs are those that help students appropriately speed up and, when necessary, scale-up their ideas. Students who enroll at these schools will find themselves at the forefront of innovation and development, often with an interdisciplinary focus that acknowledges the interconnectedness of today's economy. And perhaps more importantly, they will also get opportunities to enrich themselves and their communities, adding economic and social value through innovation, team building, and leadership.

 

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Christmas holiday background 2021 12 09 22 28 29 utcThe upcoming holiday season is not only an important time for consumers, but for small businesses, it’s a time to showcase their best marketing efforts to help them stand out among their direct competitors.

During this time of the year, the marketplace tends to become increasingly crowded, as every business seeks to get in one last bang before the end of the year. For smaller retailers, this time can either be one of the major opportunities or a loss if their marketing strategies are not properly executed.

 

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Young design team at work in creative office 2022 03 07 23 59 41 utcBrainstorming big ideas can be tough, especially when you're trying to figure out how to launch a product that customers will respond to. To stand out, your product needs to innovate in some way. It has to be marketed properly, so you can create a real sense of community around it and the brand as a whole.

 

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AGrow Your Startup 825x500s the global economic situation deteriorates amid the Russian invasion of Ukraine and soaring energy costs, many aspiring entrepreneurs might be tempted to give up and wait for better days. But don’t give up!

It is true that founding a startup in times of crisis may look more challenging. Investors can also be skittish, and winning new customers is not easy. However, a crisis can also be a golden opportunity to launch a new product or service, as long as the startup at the origin applies specific methods. One of them is called frugal innovation.

 

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Hands-free cleaning at its best! This robot cleaner makes it super easy to clean out-of-reach windows and mirrors. Photo: FacebookRobot vacuums have certainly changed how we clean our floors, but wouldn't it be nice if they could clean the rest of our houses too? Introducing the AlfaBot X6, the glass cleaning robot that can literally clean any surface hands-free and while it might sound too good to be true, this smart machine has a 4-star rating from over 400 Amazon shoppers.

Image: Hands-free cleaning at its best! This robot cleaner makes it super easy to clean out-of-reach windows and mirrors. Photo: Facebook

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04 90807245 electric bike trailerIf you go to Ikea in Hamburg, Germany, and buy a bookcase or a rug, the store will loan you an electric cargo trailer so you can easily take your purchase home without using a car. (The service, free for three hours, is also available at Ikea stores in five other German cities.) The trailer, designed by a company called Nüwiel, attaches to any bike or can be guided by hand down the sidewalk, carrying all of the weight by itself.

Image: courtesy Nüwiel

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Elon Musk. (2022, November 13). In Wikipedia. https://en.wikipedia.org/wiki/Elon_MuskLike there is to most things in life, there’s a pattern with millionaires. The world’s richest entrepreneurs, businesspeople, founders and CEOs have several things in common (and no, we don’t mean the money). Sure, there’s acumen; the ability to take the right risks and good decisions (with some wrong turns, of course). They are also always curious, trying to find out more so they can know more and then, in turn, do more. And then, there’s managing time like a boss (literally). They can structure their day to maximise it, and almost invariably function best with a routine they can adhere to on most days.

Image: Elon Musk. (2022, November 13). In Wikipedia. https://en.wikipedia.org/wiki/Elon_Musk

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Medicine and health care 2022 10 27 03 15 51 utcThe University of Maryland Strategic Partnership: MPowering the State (MPower) has announced that it is establishing an Institute for Health Computing that will focus on artificial intelligence and advanced computing to further develop the field of precision medicine and improve health care for patients across the state.

The new institute will be located in North Bethesda under the combined leadership of the University of Maryland, Baltimore (UMB) and the University of Maryland, College Park (UMCP), in collaboration with the University of Maryland Medical System and Montgomery County, Maryland.

 

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P 1 90805336 heinz bottle cap redesignIn Heinz’s squeezable upside-down ketchup bottle, the plastic cap is designed to dispense a standard blob of sauce without spilling. It works. But it can’t easily be recycled, so the Kraft Heinz Company decided to design an alternative. Nine years later—after 185,000 hours of product development, $1.2 million in investment, and 45 different iterations—a new design will be rolling out in the U.K. within the next couple of months.

 

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