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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.

Innovation Quarter name change reflects putting community projects to forefront of future development Business journalnow com

A symbolic passing of an economic-development baton took place last week.

Wake Forest University announced Thursday that it has removed its name from the Innovation Quarter it helped found about 25 years ago in downtown Winston-Salem.

Wake Forest School of Medicine governs the 1.2-million-square-foot innovation district under the auspices of the university. Both groups stress that the name change does not reduce their financial and infrastructure commitment.

Image: https://www.journalnow.com - Andrew Dye

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success

The State of the Valley conference, Joint Venture’s annual “town hall” meeting on Friday had plenty of the usual superlatives about the positive aspects of life in Silicon Valley. As Joint Venture CEO Russell Hancock said, we’re living in “the most prodigious regional economy in the history of regional economies.”

 

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NewImage

Business partnerships have traditionally been agreements to drive more transactions than either company could do alone. The new paradigm, driven by disruptive technologies, cloud-served supercomputing, and the new generation of young adults with global empathy, is partnering and giving something now for a competitive advantage in the future.

Image: https://blog.startupprofessionals.com

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startup

HOBOKEN, N.J., Feb. 14, 2020 /PRNewswire-PRWeb/ -- Accelerator programs have exploded around the world as the new startup growth institution, spawning successes such as AirBnB, DropBox, Reddit, Stripe, Zenefits, Uber and Pillpack, - many to billion-dollar valuations.

More than 6 million entrepreneurs start a new business in the United States every year, but for every Airbnb, Uber or Reddit, a staggering number of startups don't "make it". Up to 20% of startups don't survive the first year alone. Up to 50% are no longer alive by year 5, and up to 90% ultimately fail. Startup accelerator programs aim to help startups circumvent the different challenges, dilemmas, and pitfalls at different stages of the startup journey - improving their odds of 'making it'.

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Electrician Electric Electricity Free photo on Pixabay

Project-based services generate a high percentage of revenues for companies with large, multi-skilled mobile workforces. Yet many companies are willing to take a hit on their quoted margins for these services so that they can get a foot in the door to sell products or more profitable, longer-term maintenance services. Getting a foot in the door is a good idea, but a company can do it without taking a financial hit on its project-based services.

 

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NewImage

In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved. As an angel investor and a mentor to entrepreneurs I still see this every day.

Image: https://blog.startupprofessionals.com

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NewImage

I made illustration of Corona virus today. 😍 I hope scientists and doctors can find a cure soon and I wish everyone who was affected to get well and recover soon! hashtag#sciart

Image: https://www.linkedin.com

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success

The concept of degrowth dates back to the 1970s, when a group of French intellectuals led by the philosopher Andre Gorz proposed a simple idea: In response to mounting environmental and social problems, they suggested that the only real solution was to produce and consume less — to shrink our economies to cope with the carrying capacity of our planet. The proposal was considered by many at the time to be too radical. But with today’s the climate crisis, debates around degrowth have been reinvigorated, and many major figures such as Noam Chomsky, Yanis Varoufakis and Anthony Giddens have, to varying degrees, expressed support for the idea.

 

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University City Science Center VP testifies to congress about startup innovation Philadelphia Business Journal

A top leader at the University City Science Center spoke on Capitol Hill this week to send federal legislators a message: The "Valley of Death" startups face is real, but lawmakers can help them find a way out by directing more government funding to “innovation intermediaries,” like the Science Center.

Image: Dr. John Younger, vice president of science and technology, testified before a congressional subcommittee about the "Valley of Death" faced by startups. U.S. HOUSE OF REPRESENTATIVES

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Scott Meecham

It's a good thing when state leaders recognize the strategic importance of innovation in job and wealth creation. It's also a good thing when a state considers legislation to help address capital gaps. Oklahoma's Technology Business Finance Program (TBFP) Seed Fund is a nationally recognized best practices example of legislated early stage capital that has stood a 20-plus year test of time.

 

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paperwork

More than 25 million copies of the late Stephen R. Covey’s book, "The 7 Habits of Highly Effective People," have been sold. It remains a best-seller three decades after it was first published (1989).

The second habit of highly effective people is to “begin with the end in mind.”

That simple insight has probably done more to increase national productivity than many impressive technologies.

I know it has helped me avoid wasting endless hours flailing around because I learned to clarify the end in mind — to define the objective or problem — before taking action to solve it. This may sound obvious, but my experience is that most people are not disciplined about it; they attempt to generate solutions before they have defined the problem.

 

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