Big companies typically do a bunch of things. It’s become a fad — they set up incubators, implement lean processes, and create minimum viable products. That’s great! But then the leaders ask, “How come we haven’t moved the needle or seen better revenues or profits?”

Most corporate accelerators and incubators are trying to duplicate a process they don’t quite understand. They create a series of innovation activities, but they don’t create an end-to-end process to deliver products and services. To make innovation an integral part of the organization, it needs to be owned by the appropriate units. There needs to be a vision of how the incubator either delivers through existing units or turns into an independent entity. My guess is that in 90% of the cases, companies haven’t developed a clear route from the incubator’s output to the delivery channel.

The “business in a box” model allows for significant de-risking of product-market fit (which is very hard to achieve!) by providing a proven product to sell. Nearly 55% of small businesses in the U.S. fail within the first two years, and 40% of these failures are due to the fact that there’s no market for the product or service. A “business in a box” removes the “idea risk” from a venture, leaving the entrepreneur with geographic and operating risk.

If executed well, these models can be value accretive for both the parent company and the individual operators. The parent company benefits from faster and more capital-efficient geographic growth (no need for market launch or operations teams in each city), lower real estate and inventory risk, and better local execution. The entrepreneur benefits from the ability to be his or her own boss (the American dream!) without having to develop an innovative product and establish a standalone company.

The network is built on collaboration between banks, telecom firms and credit agencies, and SecureKey Chief Executive Officer Greg Wolfond said he expects Verified.Me to be used by consumers to prove their identities to access health records, open accounts at banks and telephone companies, and get government services by the end of this year.

“Everything from being able to see your health records in a secure way, being able to open a new bank account, being able to get a new phone -- all this stuff that’s so time-consuming and painful is going to get easier for consumers,” Wolfond said in an interview. “They’re going to be able to share their data in a secure and trusted way, which they never really could before.”

Interac has released its stats for 2018, its findings show a 54 percent increase in transactions from 2017. Between consumers and businesses, more than 371 million Interac e-Transfer transactions occurred in Canada last year.

…

The vast majority of those transactions are deposited on a mobile device. About three in four consumers deposit transactions using their phone. In addition, over half of transactions are under $200, with the average size for e-Transfers being $357. These stats are similar to those from 2017.

Despite high-profile deals in the sector, the industrial meat industry faces a rising tide of challenges, in the form of interrelated business, ethical, and environmental concerns. Today, they also face a unique political situation — since the US and China entered into their trade conflict, shares of WH Group have dropped nearly 50%.

Meanwhile, startups using technology to engineer meat in labs or manufacture it from plant-based products are rising in popularity. Meatless food products from beef-free burgers to pea-based shrimp threaten the future of the meat giants.

In addition to offering new products, these startups have the potential to upend all parts of the meat production process.

Going forward, the meat value chain could be simplified dramatically, as the “clean meat” lab or factory could take the place of farms, feed lots, and slaughterhouses.

Without Fail
A new podcast from the folks at Gimlet Media, Without Fail is an interview podcast where host Alex Blumberg interviews people from the worlds of business, sport and culture. As the name suggests, it has a particular focus on how they failed and what they learned while doing it. The opening two episodes are a fascinating conversation with Andrew Mason who founded, and was then fired from, Groupon.

The forecast of an America where robots do all the work while humans live off some yet-to-be-invented welfare program may be a Silicon Valley pipe dream. But automation is changing the nature of work, flushing workers without a college degree out of productive industries, like manufacturing and high-tech services, and into tasks with meager wages and no prospect for advancement.

Automation is splitting the American labor force into two worlds. There is a small island of highly educated professionals making good wages at corporations like Intel or Boeing, which reap hundreds of thousands of dollars in profit per employee. That island sits in the middle of a sea of less educated workers who are stuck at businesses like hotels, restaurants and nursing homes that generate much smaller profits per employee and stay viable primarily by keeping wages low.

Chart: The New York Times | Sources: Bureau of Labor Statistics; Brookings (productivity)

The algorithm can learn both a specific task like face detection, as well as the underlying structure of the training data, which allows it to identify and minimize any hidden biases. In tests the algorithm decreased "categorical bias" by over 60 percent compared to state-of-the-art facial detection models—while simultaneously maintaining the overall precision of these systems.

This class builds upon the success of our inaugural class in 2018 from which 10 fast-growing technology companies were launched across several verticals including AI, food technology, virtual reality, financial services, construction tech, enterprise SaaS, and more. These companies were successful in raising well over $10M of follow-on capital collectively immediately upon graduation and, of greater significance, growing their businesses into viable disruptive tech companies.

We’re proud of everything we accomplished here at Helpful, and we wanted to say thank you to all of our customers. We learned so much working with you and we are indebted to you for your support and partnership. But all good things must end, and over the next two weeks we’ll be shutting down Helpful Video and we’ll reach out to help you transition to new software. Stay tuned for more updates on the future of Dialog.

Every ending is also a new beginning. That’s why we’re excited to announce that we will now be joining the amazing team at Shopify to help them make commerce better for everyone.

We launched HackerRank in late 2012 with the goal of matching every developer to the right job. And the growth has been amazing — we reached 3.2M developers in the community and powered 2% of all developer hires last year.

For the first time, we surveyed the HackerRank community to get a pulse on developer skills (when did they push code for the first time, how do they learn coding, what are the favorite languages and frameworks, what do they want in a job, what hiring managers want in a candidate, and more). There are some great insights, from 39,441 responses, that we are happy to share with you today. Did you know that 1 in 4 developers learned to code before they could drive?

The documentary, which will screen nationwide Dec. 17 and Dec. 27, concentrates on the experiences of British soldiers as revealed in footage from the archives of the Imperial War Museum. Jackson and his team have digitally restored the footage, adjusted its frame rate, colorized it and converted it to 3-D. They chose not to add a host or title cards. Instead, veterans of the war “narrate” — that is, the filmmakers culled their commentary from hundreds of hours of BBC interviews recorded in the 1960s and ’70s.

The result is a transformation that is nothing less than visually astonishing.

Jump forward a few years, though, to the day when computers take the wheel: Suddenly this sort of campaign becomes less gimmicky and much more pervasive.

You get a hankering for fast food, call up a robocar, and enter McDonald’s as your destination. Burger King has paid extra to reach McDonald’s-bound riders. So as the car gets going, you get this message on one of the many interior screens: Special offer! Head to Burger King right now and get a free order of Cheesy Tots™ with your order of any burger! Touch here to accept a rerouting. This will add three minutes to your trip time. You hit the button and the car takes you to the Land of Whoppers.

SpaceX plans initially to launch 4,425 Starlink satellites into a low-Earth orbit followed by an additional 7,518 satellite at an even lower orbit. The first group of satellites will operate at an altitude of 1,110km to 1,325km and will form the backbone of the company’s Starlink broadband service. The additional satellites will circle the Earth at altitudes from 335km to 346km and will boost capacity and lower latency, especially in densely populated areas. Because of these low orbits, SpaceX says its planned Starlink broadband network will have latencies as low as 25ms and gigabit speeds that will rival existing cable or fiber optic systems. Not only will it be fast, but the Starlink network also will reach those areas that have poor or no internet connectivity.

“We have enormous respect for what the BlockEQ team brings to Coinsquare.” said Cole Diamond, CEO of Coinsquare. “They are one of Canada’s best tech teams, and the product they’ve built is immensely valuable. That combination in partnership with Coinsquare’s technology means that we have the opportunity to build amazing things for the cryptocurrency community in Canada and far beyond."