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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.

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DOYLESTOWN, Pa., Feb. 19, 2020 /PRNewswire/ -- The Pennsylvania Biotechnology Center (PABC), a nonprofit life science incubator, was recently acknowledged in an International Business Innovation Association study as one of the most successful Biotech incubators in the country. Today, the PABC has announced the launch of an innovative sponsorship program that will provide support and services to help meet the needs of early stage Biotech companies. The program was created by and is being administered for PABC by Hatch Biofund Management LLC (Hatch), operators of an early stage life sciences venture fund formed as a companion fund to the PABC.

 

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Jason Thomas

A Louisville-based entrepreneurial organization has merged with a Knoxville, Tennessee-headquartered capital company to form a new angel network.

The Sheltowee Business Network and the Angel Capital Group (ACG) have formally partnered to form the Louisville Sheltowee Angel Network, which targets early-stage businesses with strong earning potential and a positive societal impact, according to a news release.

 

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money

BRUNSWICK, Maine (PRWEB) February 19, 2020

The Maine Technology Institute (MTI) is soliciting proposals from Maine organizations looking to make investments in R&D equipment, infrastructure and technology upgrades to drive innovation and generate economic impact in Maine. MTI has $2 million in available funding for the Maine Technology Asset Fund 2.5 program and is capping individual funding requests at $500,000 or less.

"MTI is seeking proposals that will provide extraordinary economic benefits to Maine and its citizens," said Brian Whitney, MTI's President.

 

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Skype founder Niklas Zennström's venture capital group Atomico has unveiled a tech-focused fund focused on entrepreneurs' start-up companies.

The Atomico V fund is aligned with the firm’s core strategy to partner with mission-driven European tech startups with innovative business models that help to drive change across every aspect of society and economy.

Image: https://citywireselector.com

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In my business of mentoring new entrepreneurs and advising small company owners, I recognize that most don’t start as experienced leaders, and most don’t realize that people leadership is a primary key to their future success. Building a business is not a one-person job, and leading by edict rarely works today. You need to pick the right people, and learn as you go to lead the team.

Image: https://blog.startupprofessionals.com

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Technology 5G Aerial Abstract Free image on Pixabay

Public health efforts depend heavily on predicting how diseases such as that caused by the 2019 novel coronavirus, now named COVID-19 by the World Health Organization, spread across the globe. During the early days of a new outbreak, when reliable data are still scarce, researchers turn to mathematical models that can predict where people who could be infected are going and how likely they are to bring the disease with them. These computational methods use known statistical equations that calculate the probability of individuals transmitting the illness.

Image: https://www.scientificamerican.com

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At this point, it sounds like the movie “Groundhog Day,” but 2019 was another impressive year of growth and success for the greater Boston life sciences real estate market — and that growth shows no signs of subsiding any time soon.

Strong levels of venture capital investment, big pharmaceutical partnerships and merger and acquisition activity continued to fuel unprecedented demand for life sciences space, not only in and around Cambridge but also in submarkets like the Seaport, Watertown and certain Route 128 corridors.

Image: Pictured is DivcoWest's Cambridge Crossing mixed-use development in Massachusetts. - https://rebusinessonline.com

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Most companies would admit that they miss more often than they hit when it comes to talent.

McKinsey & Company recently cited three rather stunning stats about talent: (1) 82% of Fortune 500 companies don’t believe they recruit highly talented people; (2) Of companies that do believe they recruit great talent, only 7% believe they can retain it; (3) and only 23% of managers and senior executives that deal with talent-related issues believe their current strategies actually work.

Image: https://biobuzz.io

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Student Typing Keyboard Free photo on Pixabay

The Mad Men era may be behind us, but the art of copywriting is alive and well. And we're not just talking about ad agencies. Still bootstrapped and getting your business off the ground? You'll probably be writing copy for your website, social media, ads, decks, and more — all on your own. Working in marketing? You'll likely find yourself writing a tagline or two. Sales? Try selling without copy. Essentially, there are very few entrepreneurs who wouldn't benefit from improving their copywriting skills.

 

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Computer Pc Workplace Home Free photo on Pixabay

Since the dawn of the internet era, experts have predicted that technology will replace salespeople, and it’s easy to find examples. From 2005 to 2017, U.S. pharmaceutical companies slashed one-third of their salespeople, while the use of digital information sources (email, podcasts, mobile apps, websites) grew. From 2009 to 2019, industrial supply distributor W.W. Grainger cut more than a quarter of its branch locations and numerous field sales jobs. Since the mid-1990s, Grainger had been investing in digital capabilities to supplement its network of branch stores and salespeople.

 

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Following a successful career in finance, Torsten Thiele has devoted himself full-time to the challenging cause of ocean conservation and stewardship, which led him to start the Global Ocean Trust. Harvard Business School professor Rosabeth Moss Kanter discusses themes from her new book, “Think Outside the Building,” as she and Thiele explore how changing the narrative is imperative when looking for ways to solve big problems. This episode is based off of the case “Torsten Thiele and the Global Ocean Trust.”

 

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