By Elena Donets

    Innovations

    • Food tech is one of the innovation fields that most affect our day to day lives. One of the most exciting innovations in this field, that has been making its way into more and more restaurants recently, is synthetic meat. Beyond any moral or ethical discussions, the ability to produce synthetic meat that could gain mainstream acceptance has far-reaching implications on the environment and climate. In the past couple of years, more and more companies have entered the market and are now in a race to see who can offer the best product first. 
    • Innovative companies perform better than companies who do not put an effort into innovation (that’s why we’re all here after all), but it may surprise you how much better.  According to research by Instinet (2017), companies that invest heavily in research and development made more than a 25% return over the past year, nearly double that of the S&P 500 (SPX). These companies also show long term success rates. They have topped the broader market for the past 10, 20, and nearly 40 years. Since 1990, the Innovation Index has returned 20% on average, compared to 10% for the S&P 500 and 15.6% for the Nasdaq 100. 
    • Generation Zers are starting to enter the workforce and companies have to start making changes to fit them. Generation Z are the people born between 1996-2010. They have never known a world without internet, have felt the fear and uncertainty of the economic downturn and have been heavily exposed to the “#metoo” movement from an early age. So what are they looking for? First of all, it is important to note that their aspirations and expectations differ from those of millenials, and in some aspects, are more similar to previous generations. They look for stability, transparency and a more linear upward route. Tech and digitization of the workplace are critical. Workplaces also need to offer a better balance of social and solitary work. Gen Z is considered more independent and competitive than their older peers. They are also lonelier and therefore looking to their workplace to offer some social aspects.