Technological innovation is a key factor – if not the key factor – in economic growth and job generation. But in today’s knowledge economy, the capacity to innovate and generate new high-tech industries and jobs is much more concentrated and clustered in some places than others.
Why? That’s a question that has long vexed economists and policy-makers.
At a pilot plant in Menlo Park, California, a technician pours white pellets into a steel tube and then taps it with a wrench to make sure they settle together. He closes the tube, and oxygen and methane—the main ingredient of natural gas—flow in. Seconds later, water and ethylene, the world’s largest commodity chemical, flow out. Another simple step converts the ethylene into gasoline.
It’s hard to believe that it’s been nearly two years since it picked its inaugural class of entrepreneurs to respond to trends in healthcare. Now the health IT accelerator in New York Blueprint Health is gearing up for class number five.
Looking back on its first graduates, Dr. Brad Weinberg, who co-founded the program with Mathew Farkash, noted that seven of the original nine companies are still in business. Five are generating revenue. Looking at its alumni of 39 companies with which it’s invested, 36 of them are still in operation and 80 percent are turning a profit — a record he would challenge other healthcare accelerators to beat.
s the ascent of health & fitness apps in the iTunes app store a sign of things to come for digital health and the wearables and quantified self movements?
Christmas happens to be especially important for mobile apps, especially in the US, as millions of news iPhones and iPads are activated on that day. App rank movements around Christmas are often indicative of new market demand and perhaps even be predictive of future trends.
Earlier this week, Google bought Nest, a connected devices company, for $3.2 billion. This might seem like an ungodly sum for a company that makes thermostats and smoke detectors, but it makes absolute sense. Nest’s products are beautifully designed, their team is overflowing with talent, and they were the first company to figure out what the “Internet of Things” means to consumers and deliver products that people actually want.
But in order to do this, Nest had to spend millions of dollars on R&D to build the basic infrastructure behind the product. The high cost made it impossible for anyone but the extremely well-capitalized to enter the market and create connected things.
MONDRAGON anunciaba hoy la apertura de un periodo de reflexión para diseñar su futuro. Ante la apertura de esta ventana de oportunidad destinada a la definición de las estrategias futuras de gestión de la experiencia cooperativa de MONDRAGON, quisiéramos reivindicar la relevancia de incorporar el factor “emprendimiento” en este proceso de reflexión.
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While creating a new breakthrough social network has proved difficult, the battle for shaping the first breakthrough aggregator of social network feeds – the gateway to our online lives – is still ongoing. So is the battle for becoming the big aggregator of others’ online lives, such as celebrities, musicians and sports stars – some extremely reliant on their social media buzz – and that is where the Roslyn, New York-based Rouse Social is trying to break into the market.
Google just took its wearable project to a much smaller level — like, your eyeball smaller.
The company announced today that it is creating a contact lens packed with sensors and an antenna that will help those with diabetes. Google hopes that the contact lens may one day be able to replace the action of pricking your finger in order to measure your blood glucose level — a necessity for those living with the disease. Knowing the glucose levels in a diabetic person’s body helps them to otherwise regulate how much insulin they have to take as they eat throughout the day.
