Top 10 Innovation Trends in Pharmaceutical Industry

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.

 

Scroll down to find out what are the Top 10 Innovation Trends that are shaping Pharmaceutical Industry.

 

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Top 10 Innovations in Transportation

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?

Scroll down to find out what are the Top 10 Innovations in Transportation.

 

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Top 10 Innovation Conferences

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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Top 10 Women Innovators

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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Top 10 Outdoor Innovations

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.

 

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Top 10 Innovations For Women

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)

Scroll down to find out what are the Top 10 Innovations For Women

 

 

 

The list of the Top 10 Innovations For Women

 

Read next: Top 10 Innovation Thought Leaders

 

 

 

 

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Top 10 Social Innovations

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.

 

 

The list of the Top 10 Social Innovations

 

Read next: Top 10 Innovation Competitions

 

 

*Social Innovation definition by Brown University

 

 

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Top 10 Innovations in Sweet Foods

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

 

 

 

The list of the Top 10 Innovations in Sweet Foods

 

Read next: Top 10 Innovations in Food and Beverage

 

 

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Top 10 Master Degree Programmes in Innovation

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.

 

 

 

 

The list of the Top 10 Master Degree Programmes in Innovation

  

Read next: Top 10 Future Jobs

 

 

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Top 10 Most Innovative Startups

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.

 

Scroll down to find out what are the Top 10 Most Innovative Startups

 

 

 

The list of the Top 10 Most Innovative Startups

 

Read next: The Top 10 Innovative Companies of 2016

 

 

 

 

 

*Definition from Business Dictionary online: http://www.businessdictionary.com/definition/startup.html

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