Business

Entrepreneurs of Startup TN Secure Funding from the Government

6May

By News DeskNo Comments

Business, India

Entrepreneurs of Startup TN Secure Funding from the Government

In a noteworthy turn of events, the Tamil Nadu Startup and Innovation Mission (Startup TN), which administers the Tamil Nadu SC/ST Startup Fund, has awarded money to three firms that are managed by entrepreneurs who are members of the Scheduled Tribes. This is the first time that money has been given to tribal firms, marking a significant step towards the goal of inclusive mass entrepreneurship. M.K. Stalin, the Chief Minister of Tamil Nadu, recently handed over sanction orders for investments totaling 9.75 crores in eight new businesses. These new businesses include three businesses owned by tribal people. Because of this investment, the government now holds a stake in each of these businesses as a shareholder. The TAMS Tribal Green Fuel Pvt Ltd firm is committed to green fuel and e...

Good News: AI Creates More Jobs on Fiverr Marketplace

30Jan

By News DeskNo Comments

Business

Good News: AI Creates More Jobs on Fiverr Marketplace

According to the World Economic Forum, the impact of automation on the job market is twofold: it may displace 75 million jobs, but it also presents the chance to create 133 million new ones. So, AI is not just about automation, it also creates more jobs. In this argument, we've also got PwC (Source) sharing vital insights- Artificial intelligence (AI) can revolutionize the global economy's productivity and GDP potential. For this to occur, strategic investments in various types of AI technology are required. Initial gains in GDP will be driven by increases in labor productivity as companies strive to "enhance" the productivity of their labor force with AI technology and automate certain tasks and functions. In addition, our analysis indicates that by 2030, 45 percent of tot...

Defense Tech Startup Anduril Bags a Series E for $1.5B

3Dec

By News DeskNo Comments

Business, Cybersecurity, United States

Defense Tech Startup Anduril Bags a Series E for $1.5B

Costa Mesa, California-based defense tech startup Anduril has closed it big by clocking in a $1.5B in Series E for an evaluation of $8.5B, double the startup's last valuation in June 2021. The Series E funding for defense tech startup Anduril has been led by Valor Equity Partners, among Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Venture and US Innovative Technology Fund. To aid the United States and its allies in combating the "software-defined conflicts of tomorrow," Anduril integrates artificial intelligence (AI), robotics, computer vision (CV), cybersecurity, and new networking technologies to create software and hardware-base...

End-of-life Planning Startup, HUG, Focuses on Loss & Healing

22Nov

By News DeskNo Comments

Business, United States

End-of-life Planning Startup, HUG, Focuses on Loss & Healing

When it comes to remembering the deceased, social media and texting systems are typically inadequate. HUG wants to change how we remember our loved ones while assisting us in our healing. HUG, a Los Angeles-based end-of-life planning startup, has introduced a new platform that allows you to save your family history in a modern and secure setting for future generations to enjoy and learn from. Instead of focusing on loss and isolation, HUG provides a secure and reassuring space to celebrate memories. HUG acts as a private social media platform that unites friends and family around the remembrance of individuals who have passed away. Signing up allows you to create (or join) a memorial page where you may upload images, audio, video, and text for free. You may invite as many people ...

Volocopter Spearheads Europe’s Commitment to Urban Air Mobility

15Nov

By Linda AshokNo Comments

Business, Europe

Volocopter Spearheads Europe’s Commitment to Urban Air Mobility

The European market for urban air mobility is anticipated to reach €4.2 billion by 2030, representing a 31% share of the global industry. While this highly inventive sector presents a chance for economic growth and job creation in Europe, it also creates several governance, regulatory, and infrastructure issues for cities. While it is uncontested that public transportation and active mobility play a crucial part in the green transition, the novel sector of urban air mobility, in which unmanned planes transport passengers and cargo at low altitudes, has yet to establish its worth. Air mobility is predicted to become a reality in Europe over the next three to five years when the airspace above cities becomes an extension of the public space on the ground. Volocoptor, headquarte...

Parsbem Consultants Accelerates Legal Startup Legum Technica

14Nov

By Linda AshokNo Comments

Business, Press Release

Parsbem Consultants Accelerates Legal Startup Legum Technica

Pune-based Parsbem Consultants accelerates UP-based legal tech startup Legum Technica on a mission to make legal conversational! The legal startup has announced that Parsbem Consultants has already accelerated 63+ startups from India. India is a multi-lingual country with a majority still living unaware of their rights for legal protection in dire situations. Legal language is also difficult for people from non-legal communities. Here, Legum Technica plans to make the law accessible to the masses by leveraging conversational AI. Legum Technica will soon roll out VAQIL.AI, the app curated for the general public, legal professionals, and corporates to promote legal empowerment and awareness while bridging the gap between legal literacy, access, and technology. The VAQIL.AI app i...

7 Ukraine-based Startups Braving the War to Rebuild the Country

10Nov

By Linda AshokNo Comments

Business, Europe

7 Ukraine-based Startups Braving the War to Rebuild the Country

Early in February 2022, Russia's invasion of Ukraine shook the European VC industry. According to reports, Ukraine has 28 VC-backed firms that raised a total of $10.4M in 2021, even though the Ukrainian startup scene is very tiny compared to other European nations. The country was destined for prosperity, but today, due to offensive Russian militancy, the Ukrainian startup scene of 2022 is battling to stay afloat in the face of war dead and daily threats. Here are 7 Ukrainian startups, from within Ukraine and now migrated, braving the war to rebuild the country with inputs from Ratmir Turchaninov, a copywriter at a Ukraine-based startup SapientPro. Petcube Based in San Francisco, California, United States, Petcube was founded in 2012 in Kyiv, Ukraine, by Alex Neskin, Yaroslav Azhnyuk...

NY Receives Salary Transparency Legislation WEF November ’22

1Nov

By Linda AshokNo Comments

Business, United States

NY Receives Salary Transparency Legislation WEF November ’22

Beginning on November 1, most New York City employers will be forced to include the pay range in all job postings, promotions, and transfer opportunities. This legislation, which affects 4 million private-sector employees in New York, will promote salary transparency on the part of employers as a tool to address racial and gender wage discrepancies. The outcome will affect work within the United States and remote work. Beginning on November 1, "employers advertising employment in New York City must publish a good faith compensation range for every job, promotion, and transfer opportunity posted," where "good faith" refers to the salary the employer is willing to pay the successful applicant(s). Employers must include the minimum and maximum wage offered for a certain position whe...

Elon Musk the New Owner of Twitter, Twitter Bio Reads “Chief Twit”

27Oct

By Linda AshokNo Comments

Business, United States

Elon Musk the New Owner of Twitter, Twitter Bio Reads “Chief Twit”

Elon Musk seems to be is the new owner of Twitter (NYSE: TWTR) as per his new Twitter bio, which reads, "Chief Twit." According to his latest tweet, he expressed his interest in personally reaching out to people to share his motivation for acquiring Twitter. Given the amount of speculation around why Elon Musk bought Twitter and his thoughts on Twitter's advertising policy, there have been a lot of disconnects. With this tweet, he clarifies his position. Musk says that "he acquired Twitter because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated healthily, without resorting to violence. There is currently great danger that social media will splinter into far right-wing and far left-wing echo chambers...

US NeuroTech Startup Axoft Gets Funded for Brain Machine

19Oct

By Linda AshokNo Comments

Business, United States

US NeuroTech Startup Axoft Gets Funded for Brain Machine

Axoft, a neurotech startup, has announced the FDA breakthrough device designation for its brain-machine interface (BMI) to improve the treatment of neurological illnesses. The company raised $8M to fund pre-clinical investigations with the FDA and to scale up prototypes of its "as soft as the brain" neural implants. The Engine, a venture firm spun out of MIT that invests in early-stage Tough Tech startups, led the seed round investment. Other investors included Ab Initio Capital, Decent Capital, Alumni Ventures, Safar Partners, AIBasis, LiquidMetal VC, Taihill Venture, AMINO Capital, Blindspot Ventures, and Mintz. The funds will also be utilized to grow the Axoft team. CEO Paul Le Floch, CTO Tianyang Ye, and Assistant Professor at Harvard's School of Engineering and Applied Scien...