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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.

Daniel Sinoca/UnsplashThe global dairy industry is changing. Among the disruptions is competition from food alternatives not produced using animals – including potential challenges posed by synthetic milk.

Synthetic milk does not require cows or other animals. It can have the same biochemical make up as animal milk, but is grown using an emerging biotechnology technique know as "precision fermentation" that produces biomass cultured from cells.

Image: Daniel Sinoca/Unsplash

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Illustration: Sarah Grillo/AxiosAmong the Inflation Reduction Act's little-noticed yet potentially game-changing provisions: a big incentive for "smart glass," which can make buildings significantly more energy efficient.

Why it matters: Buildings account for 27% of annual global carbon dioxide emissions, by one estimate. While eco-friendly buildings aren't as sexy or exciting as electric cars, anything that makes them greener is a big win for hitting climate goals.

Image: Illustration: Sarah Grillo/Axios

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Blockchain concept 2022 04 12 22 58 16 utcIn 2023, the Web3.0 blockchain technology sector will be worth more than six trillion dollars, according to Market Research Future, and Web3.0 will continue to grow at a CAGR of 44.6% from 2023 to 2030.

Because Web3.0 relies heavily on blockchain, many wrongly believe that its fate is inevitably linked to the volatile cryptocurrency market. However, cryptos are just one part of the new sector. Gartner explains that while cryptocurrencies crashed in the first half of 2022, decision-makers should not assume that the value of Web3.0 technology is affected. According to the research and consulting firm, Web3.0 tech will soon reach its adoption tipping point and industries from aircraft maintenance to food safety will tokenize their applications.

 

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Online marketing 2021 09 03 07 45 28 utcIf you’re running a startup or small business, now might be one of the biggest opportunities in years to find new customers. Customers are looking for new providers, and your business has the chance to step in and offer what the rest of the market can’t.

To do that, you’ll need some creative marketing strategies that your competitors aren’t already using. Here are five of the best uncommon marketing methods to scale your small business.

 

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Business meeting 2022 02 01 23 42 59 utcIt's no small feat to abruptly quit your job and jump straight into entrepreneurship. Yet as a 26-year-old with no more than a Wharton degree and a handful of years of investment banking experience, I traded (pun intended) job security for life on the cliff edge. For the first time, I would be my own boss. Every decision I would make or every opportunity I would choose to pursue was my choice and my choice alone — or so I thought.

 

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Scott McGovern and Warren Buffett croppedWarren Buffett, chairman and CEO of Berkshire Hathaway, learned one big lesson decades ago: beiing able to protect the precious commodity of time.

To further support this concept, a classic Buffett quote floating around the internet drives home the point:

The difference between successful people and really successful people is that really successful people say no to almost everything.

This quote has caused much debate amongst investors, since it was spoken by Buffett as a warning to them to be more selective when choosing stocks. Investing aside, the quote is also a useful self-leadership tip for the rest of us struggling to effectively manage our businesses and work lives.

 

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Cursor and Wave riding generators promise the cheapest clean energy everSea Wave Energy Ltd (SWEL) has been working for more than a decade on a floating wave energy device it calls the Waveline Magnet. With several prototypes tested on- and off-shore, the company claims it delivers "ultra low cost," with high output.

Solar electricity generation is proliferating globally and becoming a key pillar of the decarbonization era. Lunar energy is taking a lot longer; tidal and wave energy is tantalizingly easy to see; step into the surf in high wave conditions and it's obvious there's an enormous amount of power in the ocean, just waiting to be tapped. But it's also an incredibly harsh and punishing environment, and we're yet to see tidal or wave energy harnessed on a mass scale.

Image: courtesy SWEL

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Female boss stands leaning on table at business me 2022 03 30 20 23 45 utcFundraising for a startup is never easy, but getting investors to write you a check is particularly brutal at the moment.

CNBC has called the current situation "the hardest fundraising climate in more than a decade," noting that "the shutdown of the IPO market has resulted in a virtual freeze in pre-IPO rounds, and the dramatic contraction of software multiples has stalled private deal flows." While there are plenty of companies still having success raising money, at the moment there is little to no margin for error for founders.

 

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Test score sheet with answers grade a and pencil 2021 09 02 21 27 37 utcI've found that setting goals with my team has been one of the most beneficial activities in my business. In fact, I've often said that if I were to only spend one week out of the year working on my business, I would spend it all on setting goals with my team.

But regardless of which goal-setting framework you use or how many goals you set, what's most important is honing in on the right goals for your business. When I consult with companies, I often find they're setting goals based on their gut instincts, instead of looking critically at where they should put their efforts to push the business forward as quickly as possible.

 

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Smiling car seller shaking hands with female custo 2022 01 19 00 11 50 utcCovering Five Flute’s fundraising and tearing down the deck the company used to raise its $1.2 million seed round had me wondering: How the hell do investors decide whether to invest in a company at the earliest stages?

VC firm Baukunst led the Five Flute investment, and I sat down with Axel Bichara and Tyler Mincey to learn how they evaluate a potential early-stage deal. They told me that the vast majority of the deals they look at fall apart at the due diligence stage and helped me get a deeper understanding of what that process looks like from the inside.

 

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Source Photo: ExpectBest/PexelsIn 1975, Danish physicist Bent Sørensen published a paper examining the possibility that his country could run on 100 percent renewable energy. Appearing in the journal Science, it could have been an important moment for beginning to look seriously at transforming the way the world produces energy.

Instead, crickets.

“It was not a loved idea at all,” said Christian Breyer, a faculty member at LUT University in Finland, in a video interview from his office.

Image: Source Photo: ExpectBest/Pexels

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