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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.

Jessica Thomas

After an entrepreneur comes up with a business idea, one of their first tasks is to figure out a logo and how they want their brand to look. And because many entrepreneurs lack design skills, they often turn to platforms with template designs like Canva or PicMonkey, or to companies like 99Designs and Design Contest — which connect new businesses with freelance designers who enter “contests” in the hope of landing new clients. 

 

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Home Bayh Dole 40

WASHINGTON, Feb. 19, 2020 /PRNewswire/ -- Today, a diverse group of research and scientific organizations, as well as those directly involved in commercializing new products, launched Bayh-Dole 40, a coalition that will celebrate and protect the University and Small Business Patent Procedures Act of 1980, better known as the "Bayh-Dole Act."

The Bayh-Dole Act has empowered universities, small businesses, and nonprofits that have received federal grants to retain ownership of any patented inventions -- and license those patents to private firms, who then turn promising ideas into real-life products that improve peoples' lives. Thanks to Bayh-Dole, the public and private sectors have worked together to translate basic scientific research into life-saving drugs and medical devices, internet and GPS technologies, rechargeable lithium-ion batteries, and countless other innovations.

 

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Ethel Rubin

Opportunities abound for every investor looking for deal flow. Conversely, there have never been so many opportunities for entrepreneurs to pitch, network and mingle with investors. No matter what space you are in – fintech, biotech, edtech, cleantech, medtech – the world of investor showcases is exploding. Nevertheless, whatever the stage of your technology, there is nothing like a “warm” introduction and a few surefire ways of getting investors to take a look at you:

 

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innovation

More and more technology companies are adopting open innovation initiatives. This is largely due to the realization of the benefits of working with outside experts to gain external perspectives and insights. This situation wherein an organization thinks beyond its internal resources for innovation and collaborates with external resources is known as open innovation. Open innovation is an opportunity for the company to utilize those external ideas and use them to develop innovative products and services. It may seem simple, but there is more to the collaboration process than just brainstorming.

 

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NewImage

Becoming an entrepreneur was already firmly in Jaclyn Dunphy’s mind when she began her studies in biomedical sciences. Her passion was the potential she saw for developing new drugs for brain diseases, and she knew she was not cut out to confine herself to the lab.

Image: “The things that make me a good scientist also make me a good entrepreneur: creativity, motivation, the desire to have an impact,” said Jaclyn Dunphy, GBS19, who now works at a venture-creation enterprise in Cambridge, Mass. Photo: Courtesy Jaclyn Dunphy

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Tree Sunset Amazing Free photo on Pixabay

Last November, the Turkish government oversaw the planting of 11 million trees in a single day. One Turkish city broke a world record for the number of trees planted in an hour (303,153 trees). By late January, though, the head of the country’s agriculture and forestry trade union was reporting that most of the trees were already dead, though the government denied those claims.

Image: https://www.fastcompany.com

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genes

Genetic matchmaking is entering the mainstream. The prospect of meeting and selecting potential romantic partners based upon purported DNA compatibility—until very recently the subject of science fiction from films like The Perfect 46 to independently published romances by Clarissa Lake—has increasingly garnered both scientific and commercial attention. Earlier this year, Nozze, a well-established Japanese dating service, established a DNA Matching Course and hosted a related DNA Matching Party, both first-time offerings in that nation. For 86,400 yen ($790), men are paired with prospective dates based upon 16,000 variations in HLA gene complexes.

 

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NewImage

At a time when the average company on the S&P 500 only survives for two decades, it’s surprising to see that there are companies that have existed for centuries around the world. The oldest company still operating today is in Japan. It’s a construction firm called Kongo Gumi that dates to 578 and has specialized in building temples for 14 centuries. Today, though the company has been bought by a construction conglomerate, temples still account for 80% of its business.

Image: https://www.fastcompany.com

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May Rostom

With the rise of freelancers, location-independent professionals, and burgeoning startup communities, entrepreneurs around the world are looking for plug-and-play setups that don’t require huge upfront investments and endless admin hassles- and that’s why we have co-working spaces. If you are an extrovert who likes to be surrounded by like-minded individuals, and gather motivation from them while working in a busy environment, here’s what you need to look for in your next co-working space:

 

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great barrier reef

Could reimagining 500,000 years of evolution uncover how to conserve one of the world’s greatest natural wonders — the Great Barrier Reef?

The Great Barrier Reef is facing warmer sea temperatures, rising sea levels, coral bleaching, and greater acidity as a result of climate change. The threat climate change poses to the reef is significant, rapid, and presents a danger to the reef’s entire ecosystem.

 

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china

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

Heading into the new year, it wasn’t known that the coronavirus, known as COVD-19, would shutter much of China, slowing its industrial output, its services industry and more. But heading into 2020, China’s venture capital world was already in steep decline. This morning we’re exploring the country’s Q4 2019 venture capital results and pulling in fresh data from 2020 to get a handle on what’s happening in China today.

 

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2019 Philadelphia Venture Report PACT

The PACT 2019 Philadelphia Venture Report is now available, powered by PitchBook Data and breaking down all key trends in the Philly MSA from last year.

At $2.5 billion invested across 225 venture financings, Philly’s venture ecosystem closed out a record 2019 for both dollars invested and the number of deals closed. Philadelphia is firmly in the top ten venture capital markets in the U.S. ranking 7th in dollars invested in 2019. Moreover, the region’s pharma & biotech sector commanded more than $1 billion in overall deal value, also setting a record.

 

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