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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.

Innovation and collaboration are key to creating a future free of plastic pollution.

Image: UnsplashEight million tonnes of plastic waste leaks into the ocean every year, and urgent action is needed to tackle this problem. Under the ‘business-as-usual’ scenario, the volume of waste entering the environment will increase by three times by 2040.

Image: Innovation and collaboration are key to creating a future free of plastic pollution. Image: Unsplash

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U S Department of Commerce Announces Winners of American Rescue Plan 500 Million Good Jobs Challenge to Expand Employment Opportunities U S Economic Development AdministrationWASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced grant awards to 32 industry-led workforce training partnerships across the country as part of the $500 million Good Jobs Challenge funded by President Biden’s American Rescue Plan. The Good Jobs Challenge is administered by the Commerce Department’s Economic Development Administration and will enable communities across the country to invest in innovative approaches to workforce development that will secure job opportunities for more than 50,000 Americans.

 

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The UniWave 200 has been making reliable, clean energy for Australia's King Island for a year now, delivering better performance than expectedWave Swell EnergyWave Swell Energy's remarkable UniWave 200 is a sea platform that uses an artificial blowhole formation to create air pressure changes that drive a turbine and feed energy back to shore. After a year of testing, the company reports excellent results.

As we've discussed before, the UniWave system is a floatable device that can be towed to any coastal location and connected to the local energy grid. It's designed so that wave swells force water into a specially designed concrete chamber, pressurizing the air in the chamber and forcing it through an outlet valve. Then as the water recedes, it generates a powerful vacuum, which sucks air in through a turbine at the top and generates electricity that's fed into the grid via a cable.

Image: The UniWave 200 has been making reliable, clean energy for Australia's King Island for a year now, delivering better performance than expectedWave Swell Energy

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95ac29 bf5cbb132aec46528a48f87f1f266876 mv2By harvesting water vapor from the air and condensing it into liquid, atmospheric water generators can essentially pull water from the air, and these devices hold a lot of promise for providing an independent source of drinking water.

And although drought-stricken regions and locations without safe or stable water sources are prime candidates for water production and purification devices such as those, residences and commercial buildings in the developed world could also benefit from their use, and they make a great fit for off-grid homes and emergency preparedness kits.

Image: Solar-powered water extractor. (CREDIT: SOURCE.CO)

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95ac29 1bd39b8fb5ed478aa70edeb91dea7b37 mv2Global Air Cylinder Wheels (GACW), an Arizona-based startup, has literally reinvented the wheel. They developed a new type of wheel that ditches the need for pollutive rubber tires.

Many companies have tried to create new tire solutions, such as Tesla possibly moving toward airless tires on its Model 3, but none have succeeded so far.

Image: Air suspension wheels for mining trucks and wheel loader. (CREDIT: GACW)

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Assorted coffee cups on a light brown wooden board 2021 12 15 20 40 44 utcAfter a decade of easy money, start-ups are suddenly facing a strange new reality: funding is drying up. Global venture funding fell by 23 percent to US$108.5 billion in the second quarter of the year – the second-largest drop in a decade. Although the figure is still higher than levels seen before the pandemic, entrepreneurs could be forgiven for feeling more anxious about their venture being starved of financial backing.

 

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Unnamed fileThe Small Business Administration has established two new advisory committees that will provide the agency with insights on how to increase access to long-term capital and expand innovation and entrepreneurship across the U.S.

The Invention, Innovation and Entrepreneurship Advisory Committee will focus on the transition of new technologies from the laboratory to the marketplace while the Investment Capital Advisory Committee will be tasked with creating a more diverse and inclusive investment landscape for small businesses, SBA said Saturday.

Image: https://executivegov.com

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