University of Chicago

The University of Chicago Launches Market Shaping Accelerator to Address Global Challenges

Retrieved on: 
Wednesday, May 10, 2023
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CHICAGO, May 10, 2023 /PRNewswire/ -- The University of Chicago has announced the launch of the Market Shaping Accelerator (MSA), an initiative aimed at accelerating efforts to address major global challenges – such as climate change, biosecurity, and pandemic preparedness – by leveraging the power of incentives, competition, and private sector innovation.

Key Points: 
  • CHICAGO, May 10, 2023 /PRNewswire/ -- The University of Chicago has announced the launch of the Market Shaping Accelerator (MSA), an initiative aimed at accelerating efforts to address major global challenges – such as climate change, biosecurity, and pandemic preparedness – by leveraging the power of incentives, competition, and private sector innovation.
  • Threats to the global community — such as climate change and pandemics — demand urgent innovation and action at scale.
  • "Climate change and pandemics could both threaten to devastate our economies and societies," said Michael Kremer, University Professor in Economics, University of Chicago and 2019 Nobel Laureate.
  • Market shaping uses economic tools to solve market failures where commercial incentives for innovation trail behind societal needs.

Fluree Welcomes Distinguished Advisory Board Members, Bringing Expertise and Support to Strategic Data-Centric Goals

Retrieved on: 
Tuesday, May 9, 2023
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View the full release here: https://www.businesswire.com/news/home/20230509005011/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230509005011/en/
    Julia Bardmesser brings over 30 years of experience to the Fluree Advisory Board.
  • She is now CEO of Data4Real LLC and chair of the technology advisory council of Women Leaders In Data & AI (WLDA).
  • He also founded Alberdi Advisory Corporation and is now a senior advisor, board member and strategic investor with companies including the Marco Polo Exchange.
  • As previously announced, Fluree named Peter Serenita the inaugural member of this advisory board late last year.

Casana Receives FDA Clearance for Heart Health Smart Toilet Seat

Retrieved on: 
Monday, May 1, 2023
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Casana will pursue subsequent filings, including Systolic and Diastolic Blood Pressure (BP), with the target of an initial product market launch by the end of 2023

Key Points: 
  • Casana will pursue subsequent filings, including Systolic and Diastolic Blood Pressure (BP), with the target of an initial product market launch by the end of 2023
    ROCHESTER, N.Y., May 01, 2023 (GLOBE NEWSWIRE) -- Today, Casana - the industry leader in monitoring heart health through smart toilets - announced receipt of U.S.A. Food and Drug Administration (FDA) clearance of the Heart Seat™ for measuring Heart Rate and Oxygen Saturation (SpO2).
  • The clearance marks a significant milestone for Casana in its pursuit to enable effortless home health monitoring.
  • Alongside Heart Rate and Oxygen Saturation (SpO2), Casana has partnered with researchers to conduct validation studies of additional clinical measurements.
  • "This clearance is a critical step on our journey to commercialize the Heart Seat,” said Casana CEO, Austin McChord .

Dealpath Bolsters Executive Leadership Team with Mathew Lewis Joining as Chief Revenue Officer

Retrieved on: 
Monday, May 1, 2023
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Lewis brings over 20 years experience building financial technology and vertical software companies, and will be responsible for overseeing and leading go-to-market strategies of all Dealpath revenue teams across Sales, Customer Success, Marketing, Business Development, and Revenue Operations.

Key Points: 
  • Lewis brings over 20 years experience building financial technology and vertical software companies, and will be responsible for overseeing and leading go-to-market strategies of all Dealpath revenue teams across Sales, Customer Success, Marketing, Business Development, and Revenue Operations.
  • “We’re incredibly excited for Mathew to join our Leadership Team as Chief Revenue Officer as we embark on our next phase of growth and scale,” said Mike Sroka , CEO and Co-founder of Dealpath.
  • Lewis holds a master’s degree in Business Administration from University of Chicago and received his bachelor’s degree from Ithaca College.
  • “I am honored to have the opportunity to join Dealpath at such a pivotal time in its growth,” said Lewis.

mHUB to Transform Illinois' Advanced Manufacturing Competitiveness with Expansion into New $50M Innovation and Commercialization Center

Retrieved on: 
Thursday, April 27, 2023
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CHICAGO, April 27, 2023 /PRNewswire-PRWeb/ -- Today, manufacturing and hardtech innovation center, mHUB, announces the $50M acquisition and build-out of a historic manufacturing facility within Chicago's Kinzie Industrial Corridor on the city's Near West Side. The building is located within a designated Opportunity Zone and planned manufacturing district on a 2-acre site that will increase mHUB's prototyping and testing facilities and office and convening spaces to become the largest independent manufacturing innovation center in the country.

Key Points: 
  • Collaboration between startups, industry, and investors has accelerated the commercialization of early-stage physical products in areas such as advanced and sustainable manufacturing, climate and energy tech, medical devices, and more.
  • The organization has strong ties to the Midwest regions' universities and research institutions as well as an established network of contract manufacturers.
  • The $50M building acquisition and renovation is part of public financing organized by mHUB to advance manufacturing and cleantech innovation in Illinois.
  • "It will create an anchor institution in Chicago to execute on its commitments leading the nation's reemergence and manufacturing legacy.

Researchers at Ipsos, the University of Chicago, and University of Michigan present new analysis on the lifesaving impact of public safety early warning systems in Ukraine

Retrieved on: 
Tuesday, April 25, 2023
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NEW YORK, April 25, 2023 /PRNewswire/ -- Researchers from Ipsos, the University of Chicago, and the University of Michigan have produced the first comprehensive study on the effectiveness of government air raid alerts during the conflict in Ukraine, finding that as many as 35-45% of casualties have been prevented in the first few months of the war through heightened public responsiveness and the Ukrainian government's effective communications strategy.

Key Points: 
  • This study provides valuable lessons not only for the Ukrainian government, but for another 39 countries that have developed similar early warning systems.
  • Yet large scale population behavior in response to these warnings has gone underexamined until now.
  • Researchers concluded that between eight to fifteen percent of casualties could have been avoided through heightened public response.
  • Even small increases in responsiveness and urgency could play an outsized role in reducing the loss of life.

5 policies that could make future bank failures less likely or severe

Retrieved on: 
Tuesday, April 18, 2023
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The ideas floated within a month of Silicon Valley Bank’s collapse on March 10, 2023, range from calls to tweak banking regulations to a major overhaul of the government’s oversight of the banking system.

Key Points: 
  • The ideas floated within a month of Silicon Valley Bank’s collapse on March 10, 2023, range from calls to tweak banking regulations to a major overhaul of the government’s oversight of the banking system.
  • I’m a finance professor who previously worked for two major banks and was an economist at the Federal Reserve.

1. Stronger supervision

    • So calls for stronger bank supervision and regulation should come as no surprise.
    • Any such reforms would at least, in part, reverse changes from a law Congress passed in 2018 that loosened some banking regulations.
    • Previously, the government had to pay especially close attention to banks with at least US$50 billion in assets.

2. Higher deposit insurance threshold

    • The role that deposit insurance plays in staving off and alleviating banking crises could also change.
    • The Federal Deposit Insurance Corp. was only supposed to insure accounts of up to $100,000 during the 2008 financial crisis.
    • But instead, it covered nearly all depositors, uninsured as well as insured, in most bank failures that occurred at that time.
    • Some lawmakers have suggested raising the $250,000 cap on deposit insurance.

3. ‘Modified deposit payoff’

    • But he also has a recommendation that might potentially discipline banks that run into trouble.
    • Isaac distinguishes between deposits that are essentially investments, such as certificates of deposit that people use for long-term savings purposes, and, say, a checking account a customer maintains primarily for basic transactions.
    • He calls this the “modified deposit payoff” model.

4. ‘Ring-fencing’

    • The most comprehensive proposals that call for restructuring the banking system would use what’s known as a “ring fence” model.
    • Since 2019, British banks have had to segregate their retail banking activities from their presumably riskier investment banking and international lending.
    • Critics of the narrow-bank model point out that this approach would drastically reduce the amount of money banks could lend.
    • Shadow banks contributed to the 2007-2009 global financial crisis, according to the International Monetary Fund.

5. Compensation clawbacks

    • One way to reduce risks in this context is to make bank executives bear some of the costs when the banks they run fail.
    • It would require regulators to claw back compensation, including the bonuses and stock awards paid to bank executives in the five years preceding a failure.
    • In my view, it’s too early to tell whether policymakers will make minor adjustments or opt for more significant reforms.

New college network builds support for students in rural and small-town America

Retrieved on: 
Tuesday, April 4, 2023
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The STARS College Network (Small Town And Rural Students) will build on efforts to create new pathways to college for students who might not otherwise recognize the full range of educational opportunities available to them.

Key Points: 
  • The STARS College Network (Small Town And Rural Students) will build on efforts to create new pathways to college for students who might not otherwise recognize the full range of educational opportunities available to them.
  • STARS Network members will also build upon existing programs that help provide a support network for students from small towns and rural areas once they have enrolled — the kind of support many colleges already provide for students from different backgrounds.
  • “College access initiatives, ongoing support programs and meaningful scholarships must work hand in hand to support underrepresented students all the way from high school to college graduation,” said Davis.
  • An estimated one-third of students from rural and small-town America are people of color.

Alison Ranney and Theodore Dysart Join Russell Reynolds Associates as Managing Directors to Further Enhance Firm's Leadership in Chicago and Nationally

Retrieved on: 
Tuesday, April 11, 2023
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CHICAGO, April 11, 2023 /PRNewswire/ -- Leadership advisory firm Russell Reynolds Associates (RRA) announced that Alison P. Ranney and Theodore (Ted) Dysart have joined as managing directors. Both based in Chicago, Ranney and Dysart bring nearly five decades of combined experience advising CEOs and boards and leading director and senior executive searches across the globe.

Key Points: 
  • CHICAGO, April 11, 2023 /PRNewswire/ -- Leadership advisory firm Russell Reynolds Associates (RRA) announced that Alison P. Ranney and Theodore (Ted) Dysart have joined as managing directors.
  • Furthermore, Alison and Ted's civic commitment will underscore RRA's commitment to Chicago and our region."
  • For the past nine years, Ranney served as managing partner of a boutique executive search firm focused on mission-driven search.
  • Dysart previously spent 22 years at an international leadership consulting, senior-level executive search firm as a managing partner and later vice chairman.

National Comprehensive Cancer Network Names the University of Chicago Medicine Comprehensive Cancer Center as 33rd Member Institution

Retrieved on: 
Tuesday, April 4, 2023
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PLYMOUTH MEETING, Pa. and CHICAGO, April 4, 2023 /PRNewswire/ -- The National Comprehensive Cancer Network® (NCCN®) today announced the addition of the University of Chicago Medicine Comprehensive Cancer Center as the newest Member Institution to join the not-for-profit alliance of leading cancer centers. There are now 33 academic centers across the United States contributing multidisciplinary subject matter experts to 61 different panels determining the latest evidence-based expert consensus recommendations for risk assessment, prevention, evaluation and treatment, surveillance, supportive care, and survivorship throughout the cancer care continuum.

Key Points: 
  • The alliance of leading academic cancer centers will include experts from UChicago Medicine Comprehensive Cancer Center on panels that create recommendations for cancer care worldwide.
  • PLYMOUTH MEETING, Pa. and CHICAGO, April 4, 2023 /PRNewswire/ -- The National Comprehensive Cancer Network® (NCCN®) today announced the addition of the University of Chicago Medicine Comprehensive Cancer Center as the newest Member Institution to join the not-for-profit alliance of leading cancer centers.
  • Additionally, the UChicago Medicine Comprehensive Cancer Center was designated as a National Cancer Institute cancer center in 1974 and earned the comprehensive cancer center designation in 2008.
  • The UChicago Medicine Comprehensive Cancer Center also has a long history of major contributions to drug development and early-phase clinical trials.