Hyundai: The Carmaker Aiming to Become a Tech Firm
LinkedIn
Black car by Hyundai

For a few weeks this year, South Korean carmaker Hyundai was dusted with the Apple magic. Last month Hyundai let slip that it was in talks with the maker of the iPhone to co-operate on a car project, but this week it said the talks were over.

However, this is by no means the end of Hyundai’s push into technology.

The car firm has been investing heavily in new technology with a string of partnerships, acquisitions and investments within the tech space.

Its takeover of robotics firm Boston Dynamics last year was a clear indication of the direction it is taking – into cutting-edge technology.

The whole auto industry has been forced to innovate as the move towards electric cars and autonomous vehicles accelerates.

Hyundai has been criticised in the past for lagging behind rivals in adopting emerging technologies but is fast catching up, sealing a string of alliances and investments with technology groups recently.

“Hyundai has a different set of motivations and more incentive to push the limit. They have been a lot more aggressive in reinventing themselves,” says Dale Hardcastle, a partner at consultancy firm Bain.

Hyundai has been ramping up the electrification of its line-up of cars with a dedicated battery electric vehicle (BEV) range called Ioniq.

Its aggressive electric car ambitions will see it launch 12 new BEV models over the next four years, and fully electrify its line-up around the globe by 2040.

Beyond battery electric vehicles, Hyundai has been busy developing charging points and hydrogen refuelling stations.

“It’s very clear where Hyundai sees its future. It’s a brand that wants to disrupt and push forward, to break up the status quo,” says Mr Hardcastle.

The purchase of a majority stake in Boston Dynamics in a $1.1bn (£810m) deal in December was seen as a major step to becoming a leader in car technology.

Boston Dynamics is a pioneer in consumer robotics, while it has a shared interest with Hyundai in autonomous driving and smart factories.

“Hyundai is being very responsive to the dynamic market trends,” says Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData.

“With the automotive industry getting more dynamic day by day due to the fast technological advancements, companies need to transform their business strategies to secure their position in the future mobility era. Hyundai seems to be well on track in this direction.”

Read the full article at BBC.

Tesla buys $1.5B in Bitcoin, will begin accepting digital currency as payment soon
LinkedIn
elon Musk is pictured speaking to an audience using a microphone

Originally posted by Associated Press

Holders of Bitcoin may be able to cash in some of their investment in the digital currency for a brand new electric car.

Electric automaker Tesla said Monday that it has invested around $1.5 billion in Bitcoin and it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15.4% to around $44,500 Monday in reaction to Tesla’s announcement, according to CoinBase.

The California-based electric car maker headed by Elon Musk revealed the new strategy in a filing with the U.S. Securities and Exchange Commission, saying its investment in digital currency and other “alternative reserve assets” may grow.

Bitcoin has drawn enthusiasts for its scarcity and security, but the volatile digital currency still is not widely used to pay for goods and services. It’s mostly been a store of value, like gold, with some limited merchants like Overstock accepting bitcoin for payment. It’s also used by those distrustful of the banking system or criminals seeking to launder money.

Whether other major companies will follow Tesla’s lead in investing in Bitcoin or accepting it for transactions is unclear. A vehicle is a large purchase, which could make Bitcoin a better fit to pay for it, but the wild price swings in Bitcoin could be a significant risk to any merchant who decided to accept it.

“It was wise of Tesla to announce that it will deem its investment in Bitcoin as an “alternative asset.” That is certainly appropriate, because Bitcoin might be coming into greater acceptance as currency, but it is not cash,” said Anthony Michael Sabino, a professor of law, at St. John’s University.

Tesla said last month that it had cash and cash equivalents of $19.4 billion after selling new shares to take advantage of a rising stock price. Dan Ives of Wedbush Securities said the move gives Tesla “more flexibility to further diversify and maximize returns on its cash.”

Tesla is in a unique position to accept digital currencies for payment, since the automaker does not rely on a network of independently owned dealerships to sell its vehicles unlike traditional car companies such as General Motors and Ford.

“It certainly seems that beyond embracing it as a store of value for his own trust or his own assets, it does appear that (Musk is) embracing it as a transactional tool as well,” said Michael Venuto, co-portfolio manager of the Amplify Transformational Data Sharing fund, an exchange-traded fund that tries to invest in digital currency technologies.

Venuto’s fund holds a small amount of Bitcoin but mostly invests in companies that build around such technologies.

Even with Tesla’s support, it could take some time before those who’ve made money investing in Bitcoin to use it to buy a car.

Jessica Caldwell, executive director of insights at Edmunds.com, doesn’t expect it to become commonplace because most people take loans to buy their vehicles or lease them and don’t pay in cash, said Plus, most people at present would not be comfortable taking a risk with cryptocurrency on such an expensive purchase, she said.

Other experts say it’s just a matter of time before Bitcoin finds more widespread use in transactions.

“I think the trend is inexorable,” said Richard Lyons, a finance professor at the University of California at Berkeley, predicting Bitcoin and other digital currencies “will become transactional currencies increasingly over the next five years. It’s not going to happen overnight.”

Whether Tesla will get a definitive competitive advantage in accepting Bitcoin remains to be seen. The automaker could be simply investing in Bitcoin because Musk has been known to have eclectic tastes. Musk launched a Tesla car into space to demonstrate the payload capabilities of his SpaceX company rockets.

Similar to Tesla, Virginia-based MicroStrategy Inc. announced in August that it would use some of the excess cash on its balance sheet to invest in alternative assets such as Bitcoin. The move has paid off so far. As of Feb. 2, the business analytics company said it held 71,079 Bitcoins that it purchased for an aggregate price of $1.15 billion since last summer. Using a value of $44,500, those bitcoins are worth $3.16 billion.

Continue on to the Associated Press to read the complete article.

Tips for Leading a Strong and Diverse Team During a Pandemic
LinkedIn

By Mariano Garcia,
Civil Trial Attorney, Searcy Denney Scarola Barnhart & Shipley PA

The coronavirus pandemic has caused a healthcare and economic crisis across the country and around the globe. It has also posed some difficult questions for businesses and their workers, like law firms and their attorneys and staff.

There has been a wide range of issues stemming from the pandemic. As an employer with offices throughout Florida, we also have first-hand experience with some of the complications caused by the economic downturn. At the same time, we also understand how important it is to maintain a diverse and inclusive workplace. This is an essential part of our identity as a law firm, which we believe helps us better serve the people and businesses we represent.

Businesses, including law firms, must understand that employment-related and other decisions made now in response to the pandemic can have a long-term impact. They should be mindful of how those moves can affect their ability to recruit and retain a diverse and capable workforce.

Below are some essential tips for weathering COVID-19 without jeopardizing your team.

Keep Diversity in Mind When Considering Cutbacks.

Mariano Garcia
Mariano Garcia

The crisis has unfortunately forced some employers to trim their payrolls by cutting the headcount. Still, it is vital to retain a diverse and inclusive workforce during the pandemic and to be able to retain talent when economic conditions improve.

Company leaders can prioritize diversity by keeping it at top-of-mind when deciding whom to lay off and whom to keep on the job. They should ensure that such decisions are based on objective criteria rather than subjective factors that may make diverse employees more susceptible to the termination.

Leaders can also combat potential biases by being mindful of assignment creation, especially as many employees continue to work from home. Providing your diverse workforce with opportunities to work on important projects or tasks can go a long way in helping all to build confidence and experience on the job.

Understand That Everyone Has Different Personal Obligations

The pandemic, school closures, and the shift to telework can be incredibly stressful for working parents and people who are caring for the elderly or other family members.

It is crucial to acknowledge that everyone has different cultural and personal obligations, and it is especially important to show a commitment to working with employees during this time of anxiety and uncertainty. Allowing for flexible time off during the week and alternative scheduling arrangements can play a huge role in easing the burden for many employees.

Supplement In-Person Networking with Resources for Remote Profile Building

Although social distancing means many people are staying home, it does not mean that all career-building and networking opportunities need to be put on pause.

Law firms and other businesses should already be thinking about helping people bolster their online networking efforts. Tutorials on leveraging Linkedin, getting involved in webinars and other events, and participating in professional organizations can ultimately lead to maintaining and/or expanding contacts.

Internal marketing departments can play a crucial role in this training and development. It is also important to implement standards for tracking these efforts to ensure that they pay off in the long run.

Following the above tips can help all business leaders maintain a strong and diverse team of employees.

Searcy Denney Scarola Barnhart & Shipley PA is a Florida-based personal injury law firm that has represented thousands of clients with car accident, medical malpractice, brain injury and numerous other injury claims.

No, Elon Musk Is Not The Second Richest Person In The World — Here’s Why
LinkedIn
elon Musk is pictured speaking to an audience using a microphone

Thanks to Tesla’s roaring stock, Elon Musk’s net worth has nearly quadrupled during the Covid-19 pandemic, racing from $24.6 billion in mid-March to a current $126.8 billion by Forbes’ estimate. But despite this meteoric rise, the 49-year-old is not the world’s second-richest person yet.

Forbes currently has Musk in the No. 3 spot, behind Jeff Bezos, who reigns supreme at $182.6 billion, and French luxury goods tycoon Bernard Arnault, worth $140.6 billion. With the surge in the value of Tesla shares this week, Musk surpassed Bill Gates, who is now in fourth place, worth $119.4 billion.

Musk owns 21% of Tesla but has pledged more than half his stake as collateral for personal loans; Forbes applies a 25% discount to his shareholding to account for the loans. Musk’s net worth estimate includes $25 billion worth of options that he was awarded since May as part of a historic 12-tranche compensation plan.

Musk became eligible for the fourth tranche in late October after Tesla exceeded the cumulative EBITDA requirement, but Tesla has yet to confirm in public filings that it has certified the results. A representative for Musk did not reply to a request for comment from Forbes in time for publication. Until the receipt of the fourth tranche is confirmed, Forbes is only counting some 25 million options from the package towards Musk’s net worth.

Continue to Forbes to read the full article.

To Build Less-Biased AI, Hire a More-Diverse Team
LinkedIn
A group of diverse engineers huddled around a project

By Michael Li

We’ve seen no shortage of scandals when it comes to AI. In 2016, Microsoft Tay, an AI bot built to learn in real time from social media content turned into a misogynist, racist troll within 24 hours of launch. 

A ProPublica report claimed that an algorithm — built by a private contractor — was more likely to rate black parole candidates as higher risk. A landmark U.S. government study reported that more than 200 facial recognition algorithms — comprising a majority in the industry — had a harder time distinguishing non-white faces. The bias in our human-built AI likely owes something to the lack of diversity in the humans who built them. After all, if none of the researchers building facial recognition systems are people of color, ensuring that non-white faces are properly distinguished may be a far lower priority.

Sources of Discrimination in the AI and Technology Fields

Technology has a remarkably non-diverse workforce. A 2019 study found that under 5.7% of Google employees were Latinx, and 3.3% were Black. Similarly low rates exist across the tech industry. And those numbers are hardly better outside the tech industry, with Latinx and Black employees making up just 7% and 9%, respectively, of STEM workers in the general economy. (They comprise 18.5% and 13.4%, respectively, of the U.S. population.) Data science is a special standout — by one estimate, it underrepresents women, Hispanics, and Blacks more than any other role in the tech industry. It may come as no surprise that a 2019 study by the non-profit Female Founders Faster Forward (F4) found that 95% of surveyed candidates reported facing discrimination in the workplace. With such a biased workforce, how can we expect our AI to fare any better?

Sources of bias in hiring abound. Some of this comes from AI. Amazon famously had to scrap its AI recruiting bot when the company discovered it was biased against women. And it’s not just tech titans: LinkedIn’s 2018 Global Recruiting Trends survey found that 64% of employers use AI and data in recruiting, including top employers like Target, Hilton, Cisco, PepsiCo, and Ikea. But we cannot entirely blame AI —­ there is a much deeper and more systemic source of hiring bias. An established field of academic research suggests that human resume screening is inherently biased. Using innovative field experiments, university researchers have shown that resume screeners discriminate on the basis of race, religion, national origin, sex, sexual orientation, and age. Discrimination is so prevalent that minorities often actively whiten resumes (and are subsequently more successful in the job market). Scanning resumes, whether by computer or human, is an archaic practice best relegated to the dustbin of history. At best, it measures a candidate’s ability to tactfully boast about their accomplishments and, at worse, provides all the right ingredients for either intentional or unintentional discrimination. So how are companies overcoming this challenge?

A Musical Interlude

An unlikely parallel exists in — of all places — the field of classical music. In the 1970s and 1980s, historically male-dominated orchestras began changing their procedures for hiring. Auditions were conducted blind — placing a screen between the candidate and their judging committee so that the identity of the auditioner could not be discerned — only their music was being judged. The effects of this change were astounding: Harvard researchers found that women were passing 1.6 times more in blind auditions than in non-blind ones, and the number of female players in the orchestras increased by 20 to 30 percentage points. By focusing on the candidate’s performance (rather than irrelevant discriminatory attributes) companies can increase both diversity and quality of their new hires. Here’s how.

Continue on to Harvard Business Review to read the full article.

Starting From a Company of One
LinkedIn
Brian Geisel headshot

The U.S. Small Business Administration (SBA) has named Brian Geisel, CEO of Geisel Software, the Massachusetts Small Business Person of the Year for 2020.

Geisel Software is a custom software development company that specializes in the medical device and robotics industries and whose clients include FLIR Systems, Medica, iRobot, the U.S. Department of Veteran’s Affairs, Carbon Black and more.

After spending years as an industry consultant, Geisel started the company out of a loft in 2011. By 2015, Geisel had added his first full-time employee and a couple of interns. In 2017, the company moved to a space in the Higgins Armory and sales started to take off.

Today the company occupies a large office space in the Worcester Business Center and employs a large staff of permanent employees, contractors, freelancers and interns. Sales have grown at 83 percent CAGR since 2017.

“I am honored to be recognized by the SBA and I am profoundly grateful to Massachusetts’s incredible support programs that have helped with so many aspects of growing our business,” commented Geisel. “And while the award says Small Business Person of the Year, it really reflects the commitment, hard word and exceptional talents of everyone at Geisel Software so I’m really excited for my team.”

Diversity in STEAM Magazine asked Geisel a few questions about his own journey in business:

Diversity in STEAM: What is your educational background?

Brian Geisel: My educational background is pretty non-traditional. I picked up a few books in junior high on computer programming and taught myself from there. By the time I graduated high school, I was considering entering the professional world. I went to Rochester Institute of Technology for one year, skipped to senior level computer science courses and then took the early retirement package. I feel strong that education is really important, but it may or may not come through traditional channels.

DISM: Why did you start your own company?

Geisel: I knew that no matter what I did, it would only ever be the work of one person so I started the company to scale. With a team, you have this multiplication effect like compound interest that gives you an opportunity to have a real, tangible positive impact on the world.

DISM: What has been your biggest challenge as a business owner?

Geisel: We founders tend to start companies out of our superpower — something we’re really great at. For me, that was writing software. Suddenly, you find that you need to be really good at running and growing a business and your old superpower can even become a liability. That becomes a tremendous challenge on many levels.

DISM: What advice would your give others who want to start their own business?

Geisel: Never let low self-confidence be your guide in starting a business. There are plenty of great reasons to start a business and plenty not to, but self-esteem should never be one of them. Do you want to know a secret? None of us knew going in that this would work. That’s the nature of business. You learn to embrace it. So, if you want to start something, get out of your own way and get going!

Geisel has been featured as a thought leader in Entrepreneur Magazine, Bloomberg Business, The BBC, Forbes and other major outlets. Outside of the office, he is passionate about helping others. He’s participated in many mission trips to Guatemala, Thailand and other locations to hand out food and supplies and assist with medical care.

Brian Geisel, CEO of Geisel Software, is named Massachusetts Small Business Person of the Year for 2020

The U.S. Small Business Administration (SBA) has named Brian Geisel, CEO of Geisel Software, the Massachusetts Small Business Person of the Year for 2020. Geisel Software is a custom software development company that specializes in the medical device and robotics industries and whose clients include FLIR Systems, Medica, iRobot, the U.S. Department of Veteran’s Affairs, Carbon Black and more.

After spending years as an industry consultant, Geisel started the company out of a loft in 2011. By 2015, Geisel had added his first full-time employee and a couple of interns. In 2017, the company moved to a space in the Higgins Armory and sales started to take off.

Today the company occupies a large office space in the Worcester Business Center and employs a large staff of permanent employees, contractors, freelancers and interns. Sales have grown at 83 percent CAGR since 2017.

“I am honored to be recognized by the SBA and I am profoundly grateful to Massachusetts’s incredible support programs that have helped with so many aspects of growing our business,” commented Geisel. “And while the award says Small Business Person of the Year, it really reflects the commitment, hard word and exceptional talents of everyone at Geisel Software so I’m really excited for my team.”

Diversity in STEAM Magazine asked Geisel a few questions about his own journey in business:

Diversity in STEAM: What is your educational background?

Brian Geisel: My educational background is pretty non-traditional. I picked up a few books in junior high on computer programming and taught myself from there. By the time I graduated high school, I was considering entering the professional world. I went to Rochester Institute of Technology for one year, skipped to senior level computer science courses and then took the early retirement package. I feel strong that education is really important, but it may or may not come through traditional channels.

DISM: Why did you start your own company?

Geisel: I knew that no matter what I did, it would only ever be the work of one person so I started the company to scale. With a team, you have this multiplication effect like compound interest that gives you an opportunity to have a real, tangible positive impact on the world.

DISM: What has been your biggest challenge as a business owner?

Geisel: We founders tend to start companies out of our superpower — something we’re really great at. For me, that was writing software. Suddenly, you find that you need to be really good at running and growing a business and your old superpower can even become a liability. That becomes a tremendous challenge on many levels.

DISM: What advice would your give others who want to start their own business?

Geisel: Never let low self-confidence be your guide in starting a business. There are plenty of great reasons to start a business and plenty not to, but self-esteem should never be one of them. Do you want to know a secret? None of us knew going in that this would work. That’s the nature of business. You learn to embrace it. So, if you want to start something, get out of your own way and get going!

Geisel has been featured as a thought leader in Entrepreneur Magazine, Bloomberg Business, The BBC, Forbes and other major outlets. Outside of the office, he is passionate about helping others. He’s participated in many mission trips to Guatemala, Thailand and other locations to hand out food and supplies and assist with medical care.

Each year, the SBA recognizes the achievements of outstanding small business owners and entrepreneurs across the United States. All winners are invited to attend ceremonies in Washington, D.C., in May where they will be honored with their award and the 2020 National Small Business Person of the Year will be announced.

Your Guide to Economically Surviving COVID-19
LinkedIn
Fingertip calculator calculator Calculation concept

By Kathryn Porritt

The financial impacts of COVID-19 are yet to be fully seen, but small business owners and entrepreneurs across the world are already seeing major impacts to their businesses. Many are scared, wondering what options they have to economically survive this time.

There are ways for businesses to survive – a business can even thrive during an economic downturn. It doesn’t matter if it’s a small business with less than five employees or a large corporation with 50,000 employees. Economic thriving is possible, even amid COVID-19.

Here’s how owners can create economic thriving:

Lead with Authority

Now is the time for owners to lead with authority. This time of transition and transformation can be a positive, powerful one if leaders show up for themselves and their businesses. Both their employees and their audience will feed off of the energy they show up with and produce. So, owners need to be the powerful leader and spokesperson who shows up for their team.

Brainstorm Ideas

It’s a key time for business owners to brainstorm ideas, both with their niche audience and with other business owners. The creative ideas that this process produces will allow an owner to figure out how to creatively pivot and shift their offerings to meet the needs of their audience. These ideas will help them navigate the rough waters with more ease and come up with their most creative offerings.

Think Big

Unfortunately, when times of chaos and crisis hit, many business owners start to fall into the trap of a scarcity mindset. This is the exact opposite of what needs to happen. Instead, this is a prime time to really think big, and outside of the box. Owners need to take the time to get crystal clear on their business goals and re-outline the steps needed to achieve them.

Know the Message

A businesses’ message and attitude need to remain positive. The message of a business can cause a ripple effect, from top down, so it’s paramount that owners find gratitude in their business, its offerings, and for their audience market. What is the key message that the business wants to promote? And how is that creating a positive impact in the market the business serves?

Own the Position of Authority

Now is a business owners’ time to shine by owning their authority in the marketplace they serve. Don’t be shy! This is the time for them to show their audience and the public why they deserve to be a market leader.

Stay Connected

More than ever, it’s times like these that connection is paramount. Business owners need to be connected to their market, their audience, and also their friends and loved ones – so that they can rest and recharge. Technology makes it possible to connect in a variety of ways, so take advantage of it!

Business owners can now take up their position of authority, own their expertise and lead powerfully. The world is craving positive, insightful and creative leaders with engaging solutions. Business owners need to take a slight pause, step back, and realize the opportunities before them. Instead of caving to fear and market unrest, they need to be pushing forward toward their goals. Just because the way to reach a goal may have changed for the owner, doesn’t mean the goal itself has changed. And, above all else, owners need to remember to rest and take care of themselves, so that they can continue to lead from the front.

Moving the Needle on DEI Hiring
LinkedIn
Three girls working on an engineering project in a science lab

The demand for workers in areas like healthcare, supply chain and others has never been more critical than it is today. Two businesses are now joining forces to offer solutions to help organizations find top candidates while ensuring their talent pool is diverse.

Black Women in Science and Engineering (BWISE), founded by Erika Jefferson to support underrepresented women in STEM through networking, mentorship, and career development, is partnering with Cambio, a multi-faceted recruiting and diversity platform founded by Neil Patwardhan and Bob Richards. Both organizations are focused on truly moving the needle on DEI (Diversity, Equity and Inclusion) hiring in meaningful way.

BWISE, with its professional job board and network of over 15,000 scientists, engineers and technologists, can focus on guidance to employers and diverse job seekers with a focus on black women in STEM. And Cambio, through its Diversity Engine and analytics, can spotlight diverse candidates and ensure biases are surfaced and focus on delivering top candidates.

BWISE is focused on bridging the leadership gap for Black women in STEM. It was founded with the purpose of supporting underrepresented women through networking, mentorship and career development. The group primarily consists of black women from middle management through senior leadership with degrees in the sciences, math and engineering (even if they no longer work in that field) who would like to connect with others.

Cambio’s mission is to create a more human experience in the world of recruiting and job searching with video, and make the process more transparent and fun by embracing the swipe culture of viral mobile applications. The company aims to speed up the hiring process and lead the way in diversity hiring by helping companies meet their workforce goals for 2020 and beyond.

For additional information on BWISE, click here.

For additional information on Cambio, click here.

A Passion for Equity in Education
LinkedIn
Karl Reid smiling for the camera

By Eric Addison

He didn’t fully realize it at the time, but as a high school student, Karl Reid had a few advantages that helped him achieve success against a backdrop of challenges. His work today, as a leading advocate for increasing college access, opportunity and success, seeks to spread those types of advantages more equitably across the educational landscape for students of all races, ethnicities, genders and economic circumstances.

Born in the Bronx and raised in Roosevelt, a predominantly African-American, working-class community on Long Island, Reid had parents who placed a high value on education and applied high standards to their children’s academic work. When he was admitted to a well-resourced, magnet high school near Roosevelt, a school with a majority white student body, it put him on a track to follow his older brother to the Massachusetts Institute of Technology. At MIT, he fully expected to continue being an outstanding student, so his first-semester struggles came as a shock.

“Suddenly, I was a college student who barely understood what was going on in lecture. I hadn’t learned yet to read ahead of class,” Reid says. “I could barely keep up with new information being presented to me, never mind ask a question. My score of 38 on my first physical chemistry exam was the final wake-up call.”

Reid came through the crisis by finding his internal drive (his “grit”), by applying it to a demanding regimen of independent study and by building beneficial relationships on campus. In his freshman year, he joined the National Society of Black Engineers (NSBE), a college-student-led organization with a mission to, “increase the number of culturally responsible black engineers who excel academically, succeed professionally and positively impact the community.” Reid credits NSBE with building his leadership skills during his tenure as vice president of MIT’s NSBE chapter in his junior year, and subsequently as the Society’s national chair. He left MIT in 1985 as a Tau Beta Pi scholar with two academic degrees: A Bachelor of Science and Master of Science in materials science and engineering.

Later, in 1991, years into a successful career in the burgeoning computer industry, Reid had a crucial experience that clarified his purpose and changed his life’s work. Reading Jonathan Kozol’s Savage Inequalities, a seminal volume about educational disparities in the United States, he saw how his own experience as a K–12 student fit into a broad pattern of discrimination. He finished the book determined to do something about the problem.

Reid left the computer field to return to MIT, where he worked in positions of progressive responsibility to increase diversity at his alma mater—eventually becoming associate dean of undergraduate education and director of the Office of Minority Education—and took the opportunity to earn a Doctor of Education at Harvard University. His next employer was the United Negro College Fund (UNCF), where he oversaw new program development, research and capacity building for the organization’s 37 historically black colleges and universities and held the title of senior vice president for research, innovation and member college engagement.

In June 2014, Dr. Reid made another auspicious return, this time to NSBE as executive director. Based at the Society’s World Headquarters building in Alexandria, Virginia, he supports NSBE’s National Executive Board, and NSBE’s 25,000 in reaching the main goal of the Society’s 10-year strategic plan: To partner with educational institutions to end the underrepresentation of blacks in engineering in the U.S. by producing 10,000 black engineers annually in the country, by 2025. He has also helped nurture NSBE’s impressive growth abroad: A large percentage of the Society’s members now reside in Africa.

Dr. Reid’s diversity and inclusion work outside of NSBE—most notably his foundational and leadership role with the 50K Coalition and his membership on the National Academies of Science, Engineering, and Medicine’s Committee on Addressing the Underrepresentation of Women of Color in Tech—also supports the Society’s mission. And he has authored a book, Working Smarter, Not Just Harder: Three Sensible Strategies for Succeeding in College…and Life, which was published in 2017.

Dr. Reid admits the societal problems he has chosen to solve are large and intractable, but after 22 years of rising daily to the challenge, he believes the statistics are moving in the right direction.

“Seeing young people grow in intellect and character and go on to achievements in STEM that benefit their families, their communities, their nation and themselves is a priceless experience,” Dr. Reid says. “Our work is difficult, but the rewards are great.”

Band-Aid Announces it Will Finally Make Bandages For Darker Skin Tones
LinkedIn
band-aid

In response to recent worldwide support for Black Lives Matters protests, Band-Aid announced last week that it will be expanding its product line to include bandages with a range of skin tones.

“We hear you. We see you. We’re listening to you,” the company wrote on Instagram. “We stand in solidarity with our Black colleagues, collaborators and community in the fight against racism, violence and injustice. We are committed to taking actions to create tangible change for the Black community.⁣”

The bandages will come in light, olive, and darker shades of brown and black tones, to reflect the diversity of consumers who need bandages.

Other companies had already stepped in to fill the void, including Tru-Colour, a company started by a white man.

Toby Meisenheimer had adopted a black son and wanted to “affirm and celebrate his son’s identity” for who he was. Started in 2014, Tru-Colour provides skin-tone shade bandages and kinesiology tape for people of every skin color—and their products were picked up by Target stores nationwide in 2018.

In addition to the change, Band-Aid says they will be making a donation to Black Lives Matter.

Continue on to the Good News Network to read the complete article.

Meet the Woman Behind Space X, President and Engineer Gwynne Shotwell
LinkedIn
Gwynne Shotwell smiling for the camera

This past weekend, the United States made history when Elon Musk’s SpaceX launched the Dragon Crew capsule into space, the first U.S. mission from U.S. soil since 2011. SpaceX is primarily associated with Musk, as he was the founder of the company, but many people don’t know about the company’s president and chief operating officer, Gwynne Shotwell.

Now responsible for SpaceX’s operations and growth, Shotwell has been working with SpaceX since the company was founded in 2002 and was immediately put on the board of directors. She earned her bachelor’s and master’s degree in Mechanical Engineering and Applied Mathematics from Northwestern University and previously worked with The Aerospace Corporation and Microcosm Inc. in El Segundo, California. Wanting to apply her skills in engineering in a hands-on environment, Shotwell worked with The Aerospace Corporation in military space research, technical work, spacecraft design and thermal analysis. She spent much of her time specifically studying small spacecraft design and how to navigate such a spacecraft in and out of the cosmos. She later went on to work Microcosm Inc, a rocket building company, where she oversaw business development.

Having both the skills and knowing the ins and outs of spacecraft and business, Shotwell’s expertise at SpaceX still stands. Under her supervision, SpaceX has launched five billion dollars’ worth of crafts with the Falcon vehicle family and has now become the first privately owned business to send astronauts into space. Additionally, Shotwell recently became a member on the board of directors for Polaris, an automotive vehicle manufacturing company, and serves in many STEM-related programs. Her work in these areas have earned her several awards, including a spot in the 2012 Women in Technology Hall of Fame and as one of Forbes’ Magazine’s Top 50 Women in Tech.

Through all of her successes, it seems as if Shotwell has more large-scale accomplishments to come. As part of a multi-billion dollar deal with NASA, SpaceX will continue to work on a transportation system to take the first humans to Mars.

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  2. Wonder Women Tech
    October 26, 2021 - October 29, 2021
  3. AEC Next Technology Expo & Conference, International Lidar Mapping Forum, and SPAR 3D Expo & Conference
    February 6, 2022 - February 8, 2022

Upcoming Events

  1. Commercial UAV Expo Americas, Las Vegas
    September 7, 2021 - September 9, 2021
  2. Wonder Women Tech
    October 26, 2021 - October 29, 2021
  3. AEC Next Technology Expo & Conference, International Lidar Mapping Forum, and SPAR 3D Expo & Conference
    February 6, 2022 - February 8, 2022