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In healthcare innovation, fixing a problem is not enough for a product to become a standard in the industry.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
The world’s largest 1,000 public corporate R&D spenders recently hit a record high of US$638 billion ensuring life-changing innovation at every turn. Or does it?
As the world economy continues to work its way out of the effects of a global economic crisis, countries of all sizes are turning to entrepreneurship to help drive their recovery. In a few short weeks, millions of people will participate in Global Entrepreneurship Week (Nov. 18 – 24) events, activities and competitions in 139 countries—the largest number of countries in the six years of the initiative..
The Ewing Marion Kauffman Foundation launched GEW in 2008 – at the start of the economic crisis – to connect aspiring entrepreneurs and others who can help them take the next step in their entrepreneurial journey.
Last week, the Securities and Exchange Commission (SEC) moved one step further in enlarging the pool of capital available to entrepreneurs when it unanimously voted to propose regulations to allow unaccredited U.S. investors to invest in startups and small businesses for equity, as set out in Title III of the JOBS Act. I took a look at reactions to this latest step and how it compares to a couple of other nations on a similar mission.
The pace continues to quicken on Capitol Hill this week with a number of hearings relevant to entrepreneurial development and startups in general. USAID is in the discussion on the future of Egypt and Syria and how it can support broader development (and entrepreneurs) there. Other topics covered by hearings include: a review of the JOBS Act at a year and a half, improving the US patent system, broadband adoption in the US, cyber-security, basic energy research and PPACA implementation challenges.
Entrepreneurs need to be creative and innovative not only with their product or service, but also with how they think about their business model. In life science and digital health, understanding one's value proposition is key. But it’s not always obvious - especially considering to whom the value proposition is most compelling. For this exercise, I find Alex Osterwalder’s Value Proposition Canvas particularly helpful.
See who made this week's 6 to follow in entrepreneurship.
Entrepreneurs often find it challenging to go from idea to a valid business model, which is essential for a business to get off the ground, let alone survive and grow.
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