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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.

Young design team at work in creative office 2022 03 07 23 59 41 utcI recently worked on a pro bono project for a friend, and it reminded me of a time early in my career and how lucky I was then to get such great advice from the more seasoned pros around me. Advice that ultimately saved me from some major pitfalls. I made mistakes here and there over the course of nearly 20 years of projects, but with each hiccup came a lesson. Here are some takeaways from my lessons learned and all that sage advice.

 

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Smiling young woman sitting at desk in office havi 2022 03 08 01 32 42 utcDigital Payments are estimated to grow at a rapid pace to account for more than 70% share of all payments by 2025. The continued innovation and increased performance in digital technology, consumer demand for one-touch payments, policy push towards financial inclusion, desire to marginalize cash, and an exponential rise in digital applications and services are the mega-trends that are driving the Digital Payments revolution.

 

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Improving internal procedures and consumer services | Photo Credit: MuralinathTaking a cue from the RBI’s views shared in a recent ‘Annual Statistical Conference’, it is time for banks to introspect about the internal data augmentation strategies and linking them with policy and process reforms.

Image: Improving internal procedures and consumer services | Photo Credit: Muralinath

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1be612ce 9e6a 475b 9a61 41ec58a2fa36One of the things I’ve learned over my years as a business mentor and investor is that life isn’t fair when it comes to succeeding in business. You may think that passion and hard work are all you need, but I believe we all have unique strengths, and you need to recognize yours, and capitalize on them above all else, in order to get the advantage you need to win in business.

Image: https://blog.startupprofessionals.com

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Office building 2022 02 02 03 57 38 utcWhat can organizations do to determine if their DEI initiatives are mere scaffolds or performative solidarity — or whether they’re actually positioned to put racial and gender equity at the center of the company’s core values and move the needle on change. Leaving DEI scaffolds in place can create the “illusion of inclusion,” which organizations must resist. The authors describe a framework intended to help leaders move DEI to something deeply woven into an organization’s mission, culture, and values.

 

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Girl thinking over notebook 2022 03 30 20 23 42 utcI talk a lot about integrity in helping people to establish themselves in business, and for good reason. One of the main things that led me down a very dark path and almost took my life, was living without it. That realization, along with many others, helped me develop these four steps to change anything (and I do mean anything).

I had gotten so wrapped up in being a millionaire above all else, that I had stopped living in integrity with myself and why I wanted to do that. "Because I can" isn't a reason to do anything, and more toxic is, "to prove to everyone that I can."

 

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F61c85dc d0ff 4f86 9cd4 96092cfca303If an entrepreneur doesn’t find themselves in over their head at least 20% of the time, they are probably not pushing the limits, not taking enough risk, and probably not working on an idea that’s worth doing. The challenge in to know when and how to ask for help, and not let bravado and ego mask anxieties. The best people know when they don’t know, and know how to find the right help.

Image: https://blog.startupprofessionals.com

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President Joe Biden speaks with researchers and patients about ARPA-H, a new health research agency that seeks to accelerate progress on curing cancer and other health innovations, on March 18 in the South Court Auditorium on the White House campus in Washington. (Patrick Semansky/AP)At his State of the Union speech in March, President Joe Biden urged Congress to fund a new federal agency that would “supercharge” breakthrough medical research and “end cancer as we know it.”

Congress responded two weeks later by approving $1 billion for the Advanced Research Projects Agency for Health, or ARPA-H, which will tackle projects that are seen as too costly, risky or time-intensive for the private sector and traditional public research.

Image: President Joe Biden speaks with researchers and patients about ARPA-H, a new health research agency that seeks to accelerate progress on curing cancer and other health innovations, on March 18 in the South Court Auditorium on the White House campus in Washington. (Patrick Semansky/AP)

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F54a95b5 29c8 49d4 a083 1eedf626550cWe all have to communicate and collaborate with other people at work, but most of us start out instinctively trying to maintain an emotional distance from others in the work environment. In fact, most employee training courses recommend the distance if the work relationship crosses management levels, and most management policies strictly forbid fraternizing with the team.

Image: https://blog.startupprofessionals.com

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A woman meets the sunset in the mountains man tra 2022 01 21 20 44 12 utcA new white paper from Hardman & Co, How much should clients invest in venture capital?, firmly tips the balance back in favour of the investment case. It applies a rigorous approach, using standard asset allocation methods to show that, for most investors, the best portfolio includes some venture capital, even without any tax reliefs. This can raise expected returns and, importantly, can be done without raising overall portfolio risk.

 

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749f1ae8 4de9 47aa 8bc3 9e5eff50a0d9Deciding to be an entrepreneur is a lifestyle move, and should be part of a long-term strategic plan. You shouldn’t be making this decision just because you are mad at your boss, or you would like to be rich, or someone else thinks you have a good idea. In these changing times, if you already have a startup, with no plan, maybe it’s time to think ahead for a change.

Image: https://blog.startupprofessionals.com/

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