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Across the world, various economic development organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to developstartupecosystems. but the connections are not being made to support the funds that are supposed to be funding all these local startups.
PM Chinh highlighted the importance of endeavors to boost competitiveness, improve production efficiency, and create new avenues for development. PM Chinh emphasized the government’s full support for startups and innovation projects. Develop breakthrough policies for the rapid application of technology and innovation.
Consequently, metros like Nashville, Indianapolis, Salt Lake City, and Phoenix have attracted more transplants from coastal hubs — a shift that helps spur economic development but also puts pressure on housing costs and public services. Collaboration is the hardest, but arguably the most important.
Startup SG Tech Grant Startup SG Tech, a key initiative for technological firms in Singapore, underwent enhancements in 2017 to facilitate better cash flow for successful applicants. The grant facilitates advancing innovative technology solutions, driving startups toward market disruption or creating entirely new markets.
Register KB Financial Group has collaborated with startups to support emerging ventures proactively. The financial institution recently organized the ‘2023 HUB Day,’ a startup demo day held at the KB Innovation Hub Center in Seocho-gu, Seoul.
Register The Department of Trade and Industry (DTI), in collaboration with key officials from Marikina City’s 2nd District, has introduced the pilot programs and services of the Marikina Creative and Innovation Hub at the Center for Innovation and Technology for Enterprises (CITE) in Marikina City, the Philippines.
The lab boasts amenities such as 3D printers and test beds, designed to aid the growth and development of emerging unicorn companies. Through this visit, the delegation sought to gather insights from Korea’s vibrant startupecosystem and bring back valuable lessons to spur Thailand’s own technological advancement.
Register Japan unveiled its latest development on its “StartupDevelopment Five-year Plan” started in November 2022. The program comes through a collaboration with Kansai. Kansai startups have sought engagement with international investors and enterprises at the KANSAI Startup Night Vol.
Register ByteDance , the parent company of the popular video service provider TikTok, has agreed to invest in a unit of Indonesia’s GoTo Group and collaborate on an online shopping service with Tokopedia. Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet?
Having spent close on a decade working in and reporting on our small but burgeoning startupecosystem, and a decade before that “building my chops” in other various entrepreneurial endeavours, I am familiar with the toll that entrepreneurship can exact on founder mental health.
This shows that Africa’s investment landscape is still very promising because it continues to grow, and there’s increasing interest in multiple startupecosystems, including nascent ecosystems. This is a development we welcome, as it means that our penchant for due diligence and rigor is now back in vogue.
A Shared Commitment to the Future of STEM The collaboration between Chegg and Stevens Institute of Technology exemplifies a shared vision for the future of STEM educationone that embraces innovation, inclusivity, and entrepreneurship.
And yet, our economic policies espoused by governments and traditional economic development approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economic development. The best way to revitalize a city’s economy is through entrepreneurship and startupecosystem building.
Establishing a network: Language barriers, cultural differences, and a disorganized startupecosystem can make networking in Vietnam seem impossible. These organizations include: The Vietnam Chamber of Commerce and Industry (VCCI) represents the interests of entrepreneurs and promotes economic development.
The week-long initiative, held from February 24-28, 2025, marked a significant milestone in integrating 19 high-impact startups into the UAEs dynamic investment and innovation ecosystem. Helix Carbon Developing next-gen electrolyzers to convert CO into valuable chemicals for carbon-neutral iron production.
Igniting StartupEcosystems. What ignites a startupecosystem? Thriving startupecosystems are good for the economy, good for society, and good for pretty much everyone. ” Startupecosystems are more than just the sum of its parts. They collaborated. They interacted. The Blueprint?
Register Techstars , the world’s largest pre-seed investor, has teamed up with Mitsui Fudosan, a prominent global real estate developer based in Tokyo, and the Japan External Trade Organization ( JETRO ). The Founder Catalyst pre-accelerator, conducted in collaboration with JETRO, has already benefited over 100 founders in Japan.
A statement released by the ministry said Minister Lee Young aims to leverage the capabilities of the MSS to support the innovative venture industry in overcoming the current crisis and revitalizing the startupecosystem.
Register The South Korea Ministry of SMEs and Startups, in collaboration with the Korea Startup Forum, is set to host the highly anticipated “COMEUP 2023,” set to take place from November 8 to 10 at the renowned Dongdaemun Design Plaza (DDP) in Seoul.
Register In a significant move to bolster the local startupecosystem, the Department of Trade and Industry (DTI) revealed that the Philippine Startup Venture Fund (SVF) now stands at about P8 billion (around $143 million). The fund signifies the capital available for investment in promising startup businesses.
Notable companies in their portfolio include Towns, Aegiyagaza, LoLabs, TrueLight Korea, Wooju Stationery, and Nine AM, showcasing their commitment to supporting diverse sectors and innovative startups. This collaborative effort builds upon the success of their previous venture, the MegaStudy-Yoon Min-Mark Venture Investment Fund No.
Register Indonesian digital bank Superbank , supported by Grab, Singtel, and Emtek Group, is collaborating with Singapore’s Genesis Alternative Ventures to offer a financing package of $40 million for startups in Indonesia. This initiative is designed to support startups within the country’s startup landscape.
Register The Malaysian Ministry of Science, Technology, and Innovation (Mosti) is set to collaborate with Bursa Malaysia to push the growth of startups and promote innovation within the country. Mosti’s role in this partnership will involve providing Bursa Malaysia with market insights related to the Malaysian startupecosystem.
Does it mean that big tech will always choose to invest in coastal cities, further enriching strong startupecosystems? But to say that the end result dispels the notion that great companies can start and scale anywhere suggests that startupecosystems require a big tech outpost to progress. and should?—?have
But, ecosystem mapping isn’t limited to creating a map, an end product that’s posted on a wall or website. The real super power of ecosystem mapping is how the mapping process and the actual map are used by the community as a catalyst to collaboratively strengthen the ecosystem. Make it Collaborative.
The strategic location aims to facilitate collaboration with local entities such as companies, venture capital firms, and research institutions. With a focus on industry-academia-government collaboration, the base will play a key role in supporting Japanese startups’ overseas expansion efforts.
Register Cradle , an early-stage fund under Malaysia’s Ministry of Finance, has formed a partnership with Bursa Malaysia , the nation’s stock exchange, with the primary objective of enhancing local startup listings. billion ringgit (approximately US$727 million) to the nation’s economy.
Ravi also devotes time to Bangalore’s early-stage entrepreneurs through EO CARES , a program designed to catalyze the local startupecosystem by identifying high potential startups and providing them mentoring, valuable industry connects, rapid revenue opportunities and investments. This was an unexpected win!
We are already seeing promising startups like Mmhmm , Docket and ClassEdu built with Zoom in mind, and these companies are garnering investor attention. In fact, some investors believe Zoom could be the next great startupecosystem. It also needs a set of developer tools to connect to the various services on the platform.
Register The tally of recognized startups and acquisitions, burgeoning to 84,012 in 2022 from a mere 452 in 2016, is a testament to the positive impact of investment incentives and simplified business regulations, as highlighted by the Economic Survey 2022-23.
SBI’s move supports the Japanese government’s “ Five-Year Plan for StartupDevelopment ,” established by the Kishida administration in November 2022. Also read : Top 10 Fintech Startup Investments Powering Southeast Asia in 2023 Japan’s Five-Year Development Strategy unveils KANSAI Startup Night Vol.
This was in 2019 and they were inspired by the flourishing startupecosystem and advancing technology space in the country. The family-owned real estate firm develops Colabs spaces. The startup hosts over 100 companies with a combined 1,200 people across its three locations in Lahore. Planned national expansion.
Automera, co-founded by Michael Lazarou, Loong Wang, and Taiyang Zhang, is an early-stage biotechnology firm developing innovative therapeutic approaches centered around autophagy-based targeted protein degradation. Automera’s primary focus will be on the development of therapies for cancer.
Register The startupecosystem, including Pangyo Techno Valley, is rapidly aligning with the ESG (Environment, Social, and Governance) trend. For instance, South Korea’s Ministry of Economy and Finance, in collaboration with related agencies, introduced the K-ESG guidelines in 2021.
Register Under the leadership of Economy Minister Rafizi Ramli, the Malaysian government will be hosting a startup convention soon. Rafizi emphasized that the development of startup companies holds great importance in speeding up Malaysia’s economic transition toward technology and digital-based industries.
Register Startup Island TAIWAN, an initiative backed by Taiwan’s National Development Council, recently joined forces with domestic venture capitalists and listed companies to present a significant event showcasing the prowess of Taiwanese digital tech startups.
James Burnes: Ministry of Awesome is a startupecosystem organisation that is on a mission to drive New Zealand’s economic growth through founder-led innovation. Over time, the co-working space developed and there was a natural progression towards a lot of individuals starting new ventures coming out of that space.
As a startup, youre always juggling multiple priorities, whether its fundraising, product development, or scaling your team. Beyond growth, were dedicated to fostering a culture of innovation and collaboration within our team. You can follow me on LinkedIn for updates on my journey and insights into entrepreneurship.
I rubbed some partners at other firms the wrong way when I got overly combative over getting deals when I should have been more collaborative. If you know anyone at the early stages of their investing career or folks who are looking to break in that are part of the startupecosystem as scouts, mentors, etc.
Tara Sabre Collier is an early-stage impact investor with more than 15 years of experience at the intersection of economic development, social entrepreneurship and impact investment. Over the last five years, Brazil has witnessed a startup boom. Over the last five years, Brazil has witnessed a startup boom. Tara Sabre Collier.
How Capsule is supporting young women to build thriving businesses Despite Romania’s growing startupecosystem, women founders remain disproportionately low. Why women entrepreneurs need more support Despite Romanias growing startupecosystem, theres a glaring gender gap in entrepreneurship.
Jordan-based mobile game publisher TamatemGames announced today it has raised $11 million in a Series B led by KRAFTON , a South Korean game developer behind PUBG, marking its first investment in the Middle East and North Africa (MENA). This investment is aligned with our efforts to strengthen our commitment to the startupecosystem.
These adjustments are expected to provide greater flexibility for individual investors and startups alike, offering crucial support to businesses with promising growth prospects. The startup landscape in Japan has been evolving rapidly, with significant changes occurring since last year. By contrast, the U.S. accumulated 100.1
As CEO of the nonprofit Digitalundivided, she oversaw the organization’s biennial reports known as ProjectDianne, which tracked the progress of underrepresented women founders in the startupecosystem. But I also know that there are so many other ways for me to continue serving and collaborating with the ecosystem.
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