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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.

Question mark 2021 08 26 22 30 01 utcWhen launching a new startup, I always surround myself with two types of business people: creatives, to bring ideas, inspiration and inventiveness; and engineers, to help build the business "machinery" and make it work and scale.

In his book Innovation and Entrepreneurship, Peter Drucker said, “Entrepreneurship is neither a science nor an art. It is a practice. It is a knowledge base... But in all practices, medicine, for instance, or engineering, knowledge in entrepreneurship is a means to an end.”

 

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Bisnow/Virginia Baker
Mosaic Development Partners founder and co-owner Greg Reaves and Brandywine Realty Trust Senior Managing Director Jeff DeVuono at Bisnow's Philly Life Sciences Summit event at Budd Bioworks on June 28, 2022The life sciences real estate market in Philadelphia is coming into its own just as its cell and gene therapy industries stare down their first economic cycle with high inflation and spiking federal interest rates.

Despite the success of Spark Therapeutics, the vast majority of cell and gene therapy candidates remain in early stages of testing, with relatively few in clinical trials and only a handful commercially available. So much of the public and private sector in the area is focused on sustaining the growth of the past few years, but both are being called on to shepherd startups through the “valley of death,” or the period between early stage trials and commercialization when funding is hardest to come by and most desperately needed.

Image: Bisnow/Virginia Baker Mosaic Development Partners founder and co-owner Greg Reaves and Brandywine Realty Trust Senior Managing Director Jeff DeVuono at Bisnow's Philly Life Sciences Summit event at Budd Bioworks on June 28, 2022

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Successful business man in new york city portrait 2022 02 01 22 36 34 utcNo one is perfect. We all make mistakes. What is crucial is that we learn from them. And particularly in this cover-up culture, we own them and share them with others so that we can all learn and grow. It's not always going to be fun. Sharing a cautionary tale of failure, for example. But embracing them and sharing them, thinking about what went wrong in order to make it right the next time, will bring with it respect.

 

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Blockchain concept 2022 04 12 22 58 16 utcEspecially for data access across the Internet of Things and cloud servers, blockchain has been gaining popularity as a promising technology that has the ability to totally revolutionize the data security environment in the next years. Blockchain technology safeguards the data, but it does not say who is the owner or user of the data. In this work, they introduced the Biometric Blockchain (BBC) protocol, which explicitly includes biometric signals of individuals to identify the authors and users in a blockchain-based system, particularly to answer the rising demand for safe food logistics.

 

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Investment management portfolio diversification 2021 08 29 17 05 04 utcIf you are a serial entrepreneur, you've undoubtedly been here before — You have a great business, selling one thing. Maybe its growing oranges and selling them to a processor of orange juice. Maybe you own an eBike franchise and you rent eBikes. Or maybe you sell legal newsletters. You are very good at selling these products and services, leading to what many would classify as an entrepreneurial success. Let me share an experience I had during the pandemic and how diversification shielded me from potentially disastrous consequences.

 

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2e90a143 4bf0 43cc b5d0 1e98c7070b99A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy. The challenge is that every new business needs to be innovative and different, in order to rise above the crowd, bring real change to the world, and give you the satisfaction you seek.

Image: https://blog.startupprofessionals.com

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06a4ff3d 663d 438e b68b e8330ee10075Today more than ever, the evidence is clear that business people need to find and communicate a purpose that goes beyond making a profit, in order to ensure customer engagement, as well as your own, and drive results in the marketplace. In my work with entrepreneurs, I have concluded that finding and communicating that purpose is often more important than the solution offered.

Image: https://blog.startupprofessionals.com

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Inside a Johns Hopkins Technology Ventures FastForward innovation hub.

(Courtesy photo)With the support of its homegrown Johns Hopkins Technology Ventures (JHTV), Baltimore’s oldest private university has helped many of its own students and faculty bring their technological innovations to market — and with wildly successful results. Now, JHTV has a new guide to make the process even easier for those within and beyond its namesake school’s community to understand.

Image: Inside a Johns Hopkins Technology Ventures FastForward innovation hub. (Courtesy photo)

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Jeff Bezos (Twitter)During a retreat in 2003, the Amazon executive team ran through a quick exercise designed to identify the company's core competencies. Some were obvious. Offering a broad selection of products. Warehousing, packing, and shipping orders.

One was less obvious: Amazon had gotten really, really good at running data centers and infrastructure services.

Image: Jeff Bezos from Twitter

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Max Freedman=The road to entrepreneurship is often a treacherous one filled with unexpected detours, roadblocks and dead ends. There are lots of sleepless nights, plans that don’t work out, funding that doesn’t come through and customers that never materialize. It can be so challenging to launch a business that it may make you wonder why anyone willingly sets out on such a path.

 

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