Pharmaceutical (Pharma) industry is a set of public and private organizations that discover, develop, and manufacture drugs and medications (pharmaceuticals). The 19th century is the beginning of the modern era of the pharmaceutical industry, because then it started focusing on chemical synthesis. Prior to that, for thousands of years people relied on medicinal properties of plants, animals, and minerals. The 20th century marks the unification of chemistry and physiology, which increased the understanding of basic drug-discovery processes. Today the pharmaceutical industry discovers myriad of drugs to prevent and treat even most complicated illnesses, while facing challenges of attaining regulatory approvals, confidentiality and pressure from patients.
The pharmaceutical industry invests more of its top line earnings into R&D than any other industry – roughly 15%. However pharma industry is still known as slow adopter of innovation. The reason is, that pharmaceutical industry is overly regulated, in order to ensure that medications are safe to consume. Furthermore, most of pharma companies have extremely strict internal policies, which restrict them from sharing the data with the others. It slows down the processes dramatically.
Innovation Thought Leaders Ronald Jonash and Hitendra Patel in one of their Innovation management and strategy books Healthovate! highlight:
Innovations in helping people feel better and live longer have recently exploded because of a simultaneous increase in our understanding of the health needs of consumers as well as the expansion of tools available to address those needs. This dizzying growth in demand and supply in this spectrum creates previously unimagined room for novel ideas and practices. For instance, the increased availability of information about therapeutic options have changed many people from passive consumers of health services to pro-active partners with healthcare providers in determining the best response to a health problem.
In these times of rapid changes, for Pharma companies it is not enough to focus solely on selling drugs and medications. Today the industry aims for more holistic approach with integrated services, customization and changes in life-styles. It leads to the trends, to which Pharma companies either have to respond to, or then to vanish. Top 10 Innovation Trends in Pharmaceutical Industry is an exquisite opportunity to learn how Pharma Industry is shifting to more digitized, customized and personalized era.
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Our ability to get from one place to another, nearby or distant, nowadays is taken for granted. The evolution of transportation is marked with adversities, some of which led to fascinating inventions (a wheel must be the most famous one). Over the centuries, modes of transportation were increasing in levels of complexity and efficiency in order to meet the changing needs of a humankind.
Throughout history the means of transportation evolved greatly and got us there, where we are today: traveling over globe in less than two days, crossing the channels by trains via underwater tunnels, and viewing beyond the edge of our solar system with a spacecraft. It all started with the first mean of transportation, which was, of course, the human foot.
About 3,500 BC in the Middle East was invented the wheel. By 3000 BC people tamed horses, donkeys and later camels, while Egyptians invented the sailing boat. The first paved roads were build by 312 BC. Centuries later, during the 15th century people were crossing the entire oceans by advanced sailing ships. In the phase of Industrial Revolution at 19th century people used steam-powered railway locomotives, amphibious vehicles and bicycles. In 1957 people launched man made satellite into orbit — Sputnik; in 1969 Neil Armstrong and Buzz Aldrin landed on the moon. These are only a very few examples of amazing transportation evolution.
The list of top 10 Innovations in Transportation gives us a clear picture where we are today and where we are heading in the nearest future. In this rapid speed of innovation, it may seem that we already live in the futuristic world. We drive the cars that can fly or dive, and of course the cars, that we do not need to drive at all. With the help of mobile applications, like Waze, people can send the latest updates about the situation of roads at any place in the world. What is the next step in transportation, which will exceed the expectations coming from the most creative imaginations?
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Innovation Conferences are the fastest way to understand what is out there: who is the industry leader, which thought leadership is worth following, who are the potential partners and competitors. The Innovation Conferences prompt about the latest trends and help us build the network of the most important connections.
There are hundreds of Innovation Conferences around the world, therefore companies have to be smart in picking the most relevant ones and just collecting the second-hand insights from the remaining ones.
The list of Top 10 Innovation Conferences suggests the conferences that innovation leaders and entrepreneurs should attend in different locations around the world.
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Woman and innovation may have been considered oxymoronic by most people up until the late twentieth century. The majority of the most famous inventors and discoverers turn out to be men – in large part because women have often been denied the education and opportunity required to make similar achievements.
Thanks to slow but appreciable progress in the last several decades, women have become empowered to take on more roles as equal partners with men in science, innovation and the public sector. Despite these gains, most countries still tend to be paternalistic, which creates a glass-ceiling effect for many women.
This group of game-changing Women Innovators is not only about women who created or improved something significantly with technological or business value. This list also includes women who innovated in the realm of politics and culture, which may be understood as creating foundational changes for further progress by women in a wide array of domains.
This list of Top 10 Women Innovators recognizes different women innovators from the early nineteenth century to the present. These women could be categorized into three groups: 1) The breakers of stigmatized rules and traditions (Marie Curie, Ada Lovelace); 2) The stars in so-called masculine fields (Indira Gandhi, Katherine Johnson); and, 3) The champions in today’s innovation environment (Michela Magas, Angélica Fuentes and Audrey Cheng).
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The 20th of March officially marks the start of Spring in North Hemisphere. It is the time when people spend more time outdoors and try to live-up to the unexpected ideas that spring up in everyone’s head. Connecting these two – new ideas and time outdoors – we get plenty of amazing outdoor innovations.
Top 10 Outdoor Innovations fall into three categories: (1) Technology advancements for spending time in wilderness, such as Electric Bicycle Wheel and Solar Paper; (2) Safety and Protection, include Personal Water Filter and Anti-theft Carrying Bag, and (3) Bridging recycling with style, for example Terrex Sports Shoes and Recycled Fabric Outdoor Clothes.
Both women in innovation and innovation for women are life changers. Women around the world have worked hard to reach equality, representation in governmental institutions, human rights and peace. Today more than ever before, we are proud to name the greatest female innovators and thought leaders, who have brought their breakthrough ideas to the global market.
The environment is boosting with innovations for women. These ingenious innovations make lives of women safer, easier, and more enjoyable. Some of the innovations are so well adopted, that may even raise a question: “how did women live without that before?”
Top 10 Innovations For Women can be classified into three categories: 1) Increasing the standard of life (Talwar Bindi, Inhaled Oxytocin); 2) Building/adding self-confidence (Mondays without mirrors, Shapewear); 3) Creating future comfort now (Vina Mobile Application, Bellabeat Smart Jewelry)
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Bellabeat Smart Jewelry. Bellabeat
Bellabeat is a leaf-shaped bio-tracker that is designed to be worn all the time. It can be worn as a bracelet, a necklace, and a clip. It is sturdy and water-resistant, but it looks like a piece of everyday jewelry. If a woman doesn’t want Bellabeat to be visible, it is small and self effacing enough to be placed under the clothes. The Bellabeat tracks not only steps and sleep, but also a woman’s period, and it weaves all of the information together to predict how stressed she might be at any given time.
Happiness only increases by being shared. Researches have shown, that by our very nature, giving makes us far happier than receiving. Social innovation is a brilliant way to use one’s creativity and strategic thinking to tackle the most challenging world’s problems.
Social innovation is the creation of new ideas that address social problems by reconceiving the status quo to create more sustainable and just systems that benefit marginalized groups and society as a whole. To meet this definition, these ideas should be able to demonstrate their impact and consider pathways to financial sustainability and scale.* Social innovation is not only about helping the others, but it also has an impact on self-realization as a form of recognizing the impact one person can make; social innovation is a tool to build communities around the same purpose. It can affect a certain small group of people, a region or the entire world by bringing awareness of a social challenge.
Top 10 Social Innovations were gathered around the effort to re-build people’s lives (e.g. The attempt of Alberta Local Government to reach zero homelessness), to reach greater life standard (e.g. clean water by 33 buckets and Ash Bricks by Green Cake), managing crisis (Tent Jackets by ADIFF and Emergency Response by Team Rubicon) and finally, enabling people to handle their own lives (Patrimonio Hoy by CEMEX and Waste-pickers for Dignity by I Got Garbage).
Scroll down to find out what are these Top 10 Social Innovations. May it be your inspiration for good deeds.
Ash Bricks. Green Cake
A civil engineer, Mashharawi and her business partner Rawan Abdul Lateef from Gaza Strip, found a way how to turn ash into a brick. These bricks are eco-friendly, affordable and need less cement compared to the regular bricks (it is an important factor, since cement delivery is restricted to this area). Furthermore, these bricks are made without sand and gravel. After three wars in only 10 years and thousands of people losing their homes, this social innovation will help in rebuilding the region.
Emergency Response. Team Rubicon
Team Rubicon unites the skills and experiences of military veterans with first responders to rapidly deploy emergency response teams. Veterans after leaving the military via Team Rubicon Project attain purpose through disaster relief. Besides they create a community, built by serving with others; and gain self-worth, from recognizing the impact one individual can make. Team Rubicon's primary mission is providing disaster relief to those affected by natural disasters, either domestic or international. By pairing the skills and experiences of military veterans with first responders, medical professionals, and technology solutions, Team Rubicon aims to provide the greatest service and impact possible.
Housing First. Alberta Government, Canada
Alberta Government in Canada achieved impossible: zero homelessness in the region. The local government applied constructive and innovative approach in solving poverty and homelessness in their region. They came across the fact that paying for the negative effects of the poverty costs much more than dealing with it directly. Negative effects of poverty include problems with physical and mental health, education outcomes, trust and community life, homicide rates, children’s health and wellbeing, drug abuse, and more. Prevention to these problems is cheaper than dealing with the outcome. The solution is that after 10 days of recognition that the person has no place to live, the government provides the living space. It was started by acquiring 50 units of living space for homeless people, who after getting all needed support would be able to live on their own. Further more, this project brought people together; part of the project was covered by various kinds of donations (such as land).
Jacket Tent. ADIFF
This ADIFF jacket that transforms into tent was made specifically to help refugees. ADIFF idea is built on a foundation of giving. With any purchase from the brand, a portion of the proceeds will go towards donating the most needed products to refugees. Before introducing any product to the market, ADIFF filters its ideas through 3 level questions: 1) Is it a solution? 2) Is it innovative? 3) Will it help? Besides the jacket2tent, ADIFF offers jackets that turn into sleeping bags, that can also float, and the other refugee crisis focused items.
Magic Bus. Hult Prize
Magic Bus is a winning concept of social innovation at Hult Prize competition, an annual contest that challenges students to tackle a pressing global problem. The Magic Bus team focused on Nairobi, 4th highest commuter pain point in the world. 2.5 million people in Nairobi live in slums, 70% of whom rely on the city's ad-hoc bus system. The bus system has 20,000 private buses, called Matatus, which seat between 33 to 45 people. Commuters sometimes have to wait up to two hours for a bus. The solution-social innovation was tech based: Magic Bus lets riders pre-book their bus tickets using basic mobile phones - it's SMS based, so doesn't even require an internet connection. It uses existing bus networks and integrates mobile payments through the country's popular system called M-PESA. It also tackled the problem of long waiting times: platform users can track where the bus is and how long it takes until the bus arrives. This efficient way of travelling allow people plan better their working/leisure times and increase their daily income by at least $1 a day.
Patrimonio Hoy. Cemex
Patrimonio Hoy is Cemex program of the progressive housing for low income families. It is meant to improve quality of life for low-income families by providing them with comprehensive solutions to their construction needs. Over 2.3 million people in Latin America have benefited from this program, which sets out solutions tailored to users, in accordance with their construction needs and ability to repay. As long as they have a lot on which to build, those interested in participating in Patrimonio Hoy receive comprehensive advice from an architect who works directly with them to design a custom plan. It is business model innovation, where CEMEX as global building materials company has created a well-planned savings and credit scheme. Its innovative approach reduces significantly the cost and time needed by the poor to improve their housing.
Solar Inflatable Lights. LuminAID
LuminAID enters with the statement, that 1.6 billion people around the world lack proper access to electricity. Through the Give Light, Get Light program, LuminAID partners with NGOs and non-profits from all over the world to distribute LuminAID lights to individuals who will greatly benefit from a safe, rechargeable light source. Up to this day, more 25,000 lights were distributed to charities in more than 60 countries.
Sourcing employment. Samasource
Samasource was born out of the belief that talent is equally distributed, but opportunity is not. The social innovation is the attempt to create a credible platform that would enable low-income people get an opportunity to work for international companies. It was achieved by sourcing data projects from some of the world's largest companies through 5 step program: identifying talents, training, employment, work experience and, finally, long term careers. Samasource is a pioneer in the field of impact sourcing, the practice of hiring people from the bottom of the pyramid to complete digital work.
Waste-pickers for Dignity. I Got Garbage
I Got Garbage is a Mindtree initiative in the area of ragpicker livelihood and solid waste management. Its primary goal is to improve the livelihood and working conditions of ragpickers, and to help them integrate into mainstream economy. An equally important goal is to involve citizens and communities in solving the problem of managing solid waste, such that we collectively create jobs for hard working ragpickers, and also make our cities cleaner. I Got Garbage achieves this goal through the following activities: (1) Help ragpickers offer waste management service by organizing themselves into franchises; (2) Build online marketplaces where waste generators (households, apartments, offices) can buy waste management services from ragpicker franchises, (3) Engage urban communities in solving the solid waste problem, (4) Facilitate access to social security schemes for the ragpickers
33 buckets. Arizona State University
33 Buckets is a social innovation project to tackle the problem of global clean water crisis. 33 Buckets helps communities in underdeveloped countries gain access to clean drinking water. About 1.8 billion people globally do not have access to safe, potable water, and each year millions die by drinking from contaminated sources. The 33 buckets team engineered water filters that were delivered to various global areas in need. Broad network of non-profits were helping in spreading the word of this social innovation.
Innovation in sweet foods is really tricky. For centuries people created traditions and customs around sweet foods, such as candies, cakes and pancakes. Even a slim change can be easily rejected when it comes to what is already delicious and sweet. Therefore introducing Top 10 Innovations in Sweet Foods should be seen a serious challenge to represent how amazing things can be even better.
Based on the this challenge, innovations in this specific niche of food industry are around creating convenience such as Sandwich Pancake, offering new experiences such as Soundy Candy and TCHO chocolate bars, bridging two concepts into one such as Cronut and Cookie Cup or meeting the crucial needs of healthy life style such as vegan gluten free ice-cream and Lavle dark chocolate.
This list could become easily a part of a bucket list: things to enjoy in life. Scroll down to find out what are the Top 10 Innovations in Sweet Foods
Cookie Cup. Sardi Innovation
Cookie Cup consists of pastry covered with a special icing sugar that works as an insulator, making the cup waterproof and sweetening the coffee at the same time. When the coffee is consumed, people can eat their cookie.
Today globally recognized universities offer Master Degree Programmes in Innovation or incorporate innovation study to the most successful business, engineering and the other programs. Innovation has become a subject that attracts a lot of students and creates a strong basis for their future careers.
Global Innovation Management Institute has identified TOP 10 Master Degree Programmes in Innovation based on this criteria:
1.International Accreditation. These Master Degree Programmes in Innovation are acknowledged and accredited by multiple educational institutions, non-profits and businesses. Universities offering these Master Programmes leverage international accreditations to be the partner of choice.
2.Partnering & network. Collaborating with the other global universities, companies and maintaining strong Alumni network. Networks to create the value chain of business elements and make them more competitive. Linking entrepreneurs with angel networks.
3.Blended learning. Allow the practical and experiential learning through entrepreneurship development centers, implement process. Thematic programs – connection between management and other areas of knowledge to generate innovation and entrepreneurship projects.
4.Graduates’ employability. Graduates being offered high level positions in various companies across the industries and/or graduates run self-established startups and businesses.
Aalto University (FI). Master in Entrepreneurship and Innovation Management
The Master's Programme in Entrepreneurship and Innovation Management gives the student a lot of hands-on experience and a solid academic understanding of entrepreneurship in the biggest entrepreneurship ecosystem in Europe. Upon graduation the student as an innovator and entrepreneur will be capable of: starting own new businesses; developing new product lines or manage novel projects for existing firms; working in non-profit organizations, traditional firms, or the public sector; generating new ideas that make the world a better place.
Babson College (US). Master of Science in Management in Entrepreneurial Leadership
Master of Science in Management in Entrepreneurial Leadership is the program that delivers courses to build business skills and global knowledge while gaining leadership confidence through experiential learning and personal development. Average work experience before entering the program is 6 months. This fast-paced, nine-month graduate program welcomes both business and nonbusiness majors with 0–2 years of work experience and focuses its curricular and co-curricular experience in creativity, consulting, development and globalization.
Erasmus University (NL). Master of Science in Management of Innovation
The programme provides an excellent preparation for jobs in new business development, innovation project management, and innovation consultancy, in product and service contexts across a broad range of industries. Upon graduation, students receive RSM’s Master of Science degree in Management of Innovation. It sets them apart from other job candidates because of their mindset to explore and seize new business opportunities.
ESADE Business School (ES). Master of Science in Innovation and Entrepreneurship
This programme helps to discover what it is to innovate and be the driving force behind any company’s success, whether the graduates would decide to work within a company or go it alone and set up own business venture. The program has 3 focus areas: Innovation Management, Entrepreneurship, Corporate Innovation & Intrapreneurship. Like the other ESADE Masters in Management programmes, MSc in Innovation and Entrepreneurship is primarily intended for those with undergraduate degrees in Business Administration or Economics.
INSEAD Business School (FR, SG, AE). Master in Business Administration
INSEAD Business School offers broad international experience: with three fully-integrated campuses in Europe, Asia and the Middle East, and over 90 different nationalities in the classroom. An entrepreneurial venture in itself, INSEAD inspires 50 to 80 new start-ups every year. The School has invested in developing an extraordinary entrepreneurial environment for its MBA students.
Northeastern University (US). Master of Science in Innovation
Master of Science in Innovation is designed specifically for working professionals who want to become innovation leaders. It is one-year, part-time program that helps to dive into innovation as it applies to products, services, operations, and processes. Through project work, case studies, and real-world application at various organizations, students can learn the principles of innovation from multiple perspectives.
Pontifical Catholic University of Chile (CL). Master in Innovation
The Master in Innovation program by Pontifical Catholic University of Chile (Pontificia Universidad Catolica De Chile) is aimed for executives and professionals from different areas of action and responsibilities, requiring more knowledge and skills in areas of innovation. At the Centro de Innovación UC students will find programs like “Geek Camp” and “Aplica tu idea” where they can implement their learning on launching a new venture, having Social Impact.
Singapore Management University (SG). Master of Science in Innovation
This 12-month weekend-based programme offers a cross-disciplined and practical innovation and entrepreneurship education through world-class faculty, regular engagement with thought-leading practitioners, a study stint abroad at a globally leading business school, and practical innovation projects. It is designed to engage, challenge and grow Asia's next generation of innovation and en trepreneurial leaders.
University of Pretoria (ZA). MBA - Entrepreneurship
MBA-Entrepreneurship by University of Pretoria is designed for people who have special interest in Entrepreneurship and Innovation. MBA resonates with professionals who are self-driven, highly motivated and entrepreneurial minded and who are keen to start their own managed business, or to become the general manager who is looking to gain a deeper and all-rounded understanding of business to become a more effective manager.
The University of Sydney (AU). Master of Commerce: Strategy, Innovation and Entrepreneurship
With three focus areas: Strategy, Innovation and Entrepreneurship this Master programme covers essential topics for business world. Creativity and innovation in strategy formulation and on the importance of formulation being complemented by a strong capability in strategy execution. These factors are investigated in both entrepreneurial and corporate settings. The degree offers multiple options for elective courses. Upon graduation professionals will be able to drive their own start-ups, spot growth opportunities for various businesses, step into social entrepreneurship, or choose consulting career.
The list of the Top 10 Master Degree Programmes in Innovation
Over the past decade the term startup has been a buzz-word with increasing frequency. The official definition of a startup is as following: Early stage in the life cycle of an enterprise where the entrepreneur moves from the idea stage to securing financing, laying down the basis structure of the business, and initiating operations or trading.*
Startups are solution and innovation based; startups work to solve the problem, which was not offered a tangible solution yet. Therefore every startup has to tackle challenges in innovative way, without any guarantee of success. No wonder, that over 90% of startups fail. In fact, there isn’t any startup that reached global success from the first attempt. Yet, in this risky environment many entrepreneurs establish startups that disrupt and totally turn around everyone’s life.
Global Innovation Management Institute (GIMI) list of Top 10 Most Innovative Startups is based on five main criteria: (1) innovative business model, (2) responsive to future trends, (3) has a disruptive solution to the problem, (4) attracts over $1 million of investments in first year, and (5) has established international/global presence.
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Canva is the Sydney, Australia-based online graphic design platform, founded in 2012. It offers a free graphic-design tool website, that has an easy to use drag-and-drop interface and provides access to over a million options for graphics, pictures and fonts. Canva follows its well-known mantra “Amazingly simple graphic design.” By the end of 2016 Canva’s funding was valued at $345 million.