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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.

Successful women in business 2021 08 27 14 10 49 utcEveryone loves the idea of a startup: One person or a small team of people starting a business by bootstrapping it and leveraging funding to become a million-dollar company or even a unicorn. That love for startups is deeply entrenched in the popular psyche. However, when most people think about startups, they don’t often imagine female-founded or led companies.

 

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(Image sourced via Ford website)One of the world’s largest car manufacturers, Ford, is embracing the citizen development movement through the use of Pegasystems’ low code/no code platform. Citizen development aims to provide business users with tools that allow them to build out applications themselves, using a light touch framework that doesn’t require hard coding, with the aim of allowing a business to move at speed and with more agility.

Image: (Image sourced via Ford website)

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Concept of uniqueness and talent 2021 08 26 16 59 50 utcStrategic technology talent is more important than operational technology talent. Competitiveness depends on strategic technology, not if the trains on time. Cloud delivery — and other trends — has fully commoditized operational technology. Today it’s all about strategic technology. But companies have very few strategic technologists, especially those who understand the innovative intersection of business and technology. This is Part I of a 3-part series on strategic technology talent.

 

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Businessman building a successful financial graph 2021 08 26 22 39 46 utc  1In recent days, prominent venture capital funds have come out with survival tips for their portfolio companies. While asking startup founders to tighten their belt is sound advice, it’s worth wondering when venture capital titans might be urged by their investors to scale back their own pay, too.

Their compensation has been rising fast. Last year, median cash pay for a partner at a venture capital firm, including base salaries and bonuses, rose 10% to $928,000, reported The Information, citing a survey conducted by Holt Private Equity Consultants.

 

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Business meeting 2022 02 01 23 42 59 utcBuilding a culture of innovation requires organizations to provide autonomy to their employees while simultaneously embracing and encouraging their ideas.

CIOs seeking to establish an innovation ecosystem should look beyond methodologies. Since innovation today is taking place at a platform level, it is crucial that CIOs think more about vendors and partners and how they fit into their ecosystem.

 

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E6f1adea 4125 4e29 851a 67158e1f3a8aEarly-stage entrepreneurs rightly keep their focus on creating an innovative product or service. After celebrating success at that level, they often find themselves ill-prepared to move to the next stage, for scaling their business into a high-performing enterprise. That’s where I see too much entrepreneur burnout, growth plateaus, and founders being replaced, to their chagrin.

Image: https://blog.startupprofessionals.com

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Changing the word change into chance 2021 08 30 00 59 20 utcCustomers expect more these days from those they do business with — more than simply providing a product or service. In fact, research indicates that 71% of millennial consumers in the United States are actually willing to pay more for a product or service when they know that some of the company’s profits go to charity. 64% of consumers actively avoid brands with societal views that they disapprove of.

 

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Leadership 2021 09 01 06 36 30 utcHave I lost you already?

If you’re a business leader, probably. Entrepreneurs and business leaders are renowned for being tough as nails, highly rational and skeptical of airy fairy concepts. On the surface, intuition might sound like the latter.

But what if I told you that intuitive business requires less effort, and delivers better results? Your ears would probably perk up.

 

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D8908E4F 851F 435A 88A0 B2D0F12D647DBIO IS BOOMING AROUND THE GLOBE Designing, Building & Finding Research Space for Growing Bio Companies & Bio Clusters

Before the 2022 BIO International Conference begins in San Diego join AURP for an in-person conference focused on building research space supporting communities of bio innovations. Developers, A/E firms, researchers, economic development reps, VC firms, and bio innovation district managers will want to attend.

Image: https://www.aurp.net

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Tired exhausted woman driver looking at jam throug 2021 09 04 05 02 50 utcArtificial Intelligence (AI) can soon make roads safer to drive in India, reveals a new study.

A unique AI approach that uses the predictive power of AI to identify risks on the road, and a collision alert system to communicate timely alerts to drivers, is being implemented here with an objective of resulting in a significant reduction of accidents.

 

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Traffic light in the city 2021 08 29 09 45 01 utcThe state of venture Reporting on startups and the venture world at a time like this is a series of contradictions. One day, we’re reading about investment giants like Tiger Global seeing about $17 billion in losses. Then the next, I open my inbox to see pitches for nine-figure funding rounds (hello, SpotOn) and the birth of new unicorns (looking at you, Unit).

 

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U S Retakes Top Spot in Supercomputer Race The New York TimesThe United States has regained a coveted speed crown in computing with a powerful new supercomputer in Tennessee, a milestone for the technology that plays a major role in science, medicine and other fields.

Frontier, the name of the massive machine at Oak Ridge National Laboratory, was declared on Monday to be the first to demonstrate performance of one quintillion operations per second — a billion billion calculations — in a set of standard tests used by researchers to rank supercomputers. The U.S. Department of Energy several years ago pledged $1.8 billion to build three systems with that “exascale” performance, as scientists call it.

Image: Inside the Frontier supercomputer, a network of tubes carries water to cool thousands of computer chips in the system.Credit...Oak Ridge National Laboratory/Hewlett Packard Enterprise

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