After London and Johannesburg, startup accelerator and incubator Founders Factory is launching a third city — Paris.And this time, insurance company Aviva France is backing Founders Factory Paris.There will be more corporate backers coming soon, which should give enough runway for the next five years.For now, given Aviva’s industry, Founders Factory Paris is going to focus on fintech startups.Founders Factory has already applied this model in London and Johannesburg to launch and accelerate 100 startups.For existing startups, you can take part in a six-month program that often leads to implementing pilots with corporate partners.
Accelerating Asia, a regional network of startups and an early-stage venture capital fund, announced the 10 participating startups for its inaugural accelerator cohort.The first cohort includes startups focusing on big data, ecommerce, human resources, logistics, software-as-a-service, transportation, and remittances.They come from countries across Asia, including Bangladesh, Malaysia, Indonesia, Pakistan, Singapore, the Philippines, and Vietnam.Each participating startup will receive about US$72,000 in funding, an office space in Downtown Singapore, and access to providers such as Amazon Web Services, HubSpot, and Tribe Theory.The accelerator program will begin with a three-month period of weekly activities, followed by a one-month period that includes a Startup Mastery Program in San Francisco and Silicon Valley, as well as a demo day.BeamAndGo, a payments and digital market startup based in the Philippines.
Two startups with ties to The University of Texas at Arlington have been selected for an international accelerator program, illustrating UTA's commitment to entrepreneurship and impactful research commercialization.SolGro Inc. was founded by a UTA student with technology developed by UTA physics Professor Wei Chen.The company has created a patented canopy system that embeds advanced nanomaterials into greenhouse glazing to convert wasted sunlight into usable light for increased plant photosynthesis, technology with the potential to improve agricultural industries.The other startup, Fade, founded and led by a UTA alumnus, is a mobile app that connects local barbers with new and existing clients through the convenience of 24/7 booking tools and in-app payments.Both companies were selected to join MassChallenge, an accelerator that selects early-stage startup companies to participate in four-month programs.Startups receive support from top experts, free co-working space, tailored workshops and office hours, and the opportunity to win a no-equity cash award.
Startup accelerator and early stage investor 500 Startups is looking to raise a second fund focused on South Korea, according to a regulatory filing.The filing does not specify how much will be raised as part of the fund.In 2015, it raised US$15 million for 500 Kimchi, its first South Korea-focused fund, headed by Tim Chae.The fund has invested in gaming merchandise marketplace Itemku, online cosmetics retailer Althea, and digital comics startup Tapas Media, among others.Chae was promoted to general partner of 500 startups in February.
Startup accelerator Techsumption Ventures announced the six deep tech startups that were victorious during the Singapore leg of its pitch competition.The winning startups – all Singapore-based – include:NDR Medical, a robotics healthtech startup looking to automate lesion targetingOsteopore International, a medical device manufacturer focused on empowering natural tissue regenerationVRcollab, a startup that enables architects, engineers, planners, and consultants to collaborate on projects through virtual realityMDE solutions, a marine intelligence ecosystem-focused startup
High-energy ion beams -- laser-like beams of atomic particles fired through accelerators -- have applications that range from inertial confinement fusion to the production of superhot extreme states of matter that are thought to exist in the core of giant planets like Jupiter and that researchers are eager to study.At the U.S. Department of Energy's (DOE) Princeton Plasma Physics Laboratory (PPPL), scientists have discovered a surprising new obstacle that reduces the neutralization of ion beam pulses.The findings, reported in Physics of Plasmas and promoted as a Featured Article, provide new insight into a source of the problem and indicate how to prevent it.The discovery proposes an explanation for the poor rate of neutralization first observed in experiments at the Lawrence Berkeley National Laboratory back in 2002.The problem has remained unexplained prior to the development of codes capable of simulating the processes involved.Physicist Chaohui Lan, a visiting scientist from the China Academy of Engineering Physics, uncovered the cause while performing computer simulations of electron dynamics with PPPL physicist Igor Kaganovich, deputy head of the PPPL Theory and Computation Department.
Urban-X, the startup accelerator for companies focused on solving the problems facing the world’s urban environment, has selected the latest seven companies for its sixth cohort.Backed by the design arm of BMW’s Mini division and the venture capital firm, Urban.US, the seven companies will receive $150,000 in financing and participate in the Urban-X 20-week accelerator program replete with access to engineers and designers from BMW, software developers, policy experts, and sales and marketing leaders.The companies selected for the program include:3AM Innovations: the company provides a tracking tool for first responders specifically designed for emergency response situationsCove.Tool: an early stage building design toolkit which automates performance modelingEvolve Energy: Reducing energy costs for homes using a combination of real-time pricing, connected home devices and renewable energy.
Ride-hailing giant Grab has signed an MoU with University of Indonesia to set up UI Works, an accelerator program for startups.The company said its own accelerator, Grab Ventures Velocity, would help startups go commercial over a four-month period as part of the program.Grab also said it would invest an additional US$250 million into Indonesia in the next three years through Grab Ventures’ Velocity.
General Catalyst has Rough Draft Ventures.And Prototype Capital and a few other micro-funds focus on investing in student founders, but overall, there’s a shortage of capital set aside for entrepreneurs still making their way through school.Contrary Capital, a soon-to-be San Francisco-based operation led by Eric Tarczynski, is raising $35 million to invest between $50,000 and $200,000 in students and recent college dropouts.The firm, which operates a summer accelerator program for its portfolio companies, closed on $2.2 million for its debut, proof-of-concept fund in 2018.“We really care about the founders building a great company who don’t have the proverbial rich uncle,” Tarczynski, a former founder and startup employee, told TechCrunch.“We thought, ‘What if there was a fund that could democratize access to both world-class capital and mentorship, and really increase the probability of success for bright university-based founders wherever they are?’ “
The enterprise software and services focused accelerator, Alchemist has raised $4 million in fresh financing from investors BASF and the Qatar Development Bank, just in time for its latest demo day unveiling 20 new companies.Qatar and BASF join previous investors including the venture firms Mayfield, Khosla Ventures, Foundation Capital, DFJ, and USVP, and corporate investors like Cisco, Siemens and Juniper Networks.While the roster of successes from Alchemist’s fund isn’t as lengthy as Y Combinator, the accelerator program has launched the likes of the quantum computing upstart, Rigetti, the soft-launch developer tool LaunchDarkly, and drone startup Matternet .Some (personal) highlights of the latest cohort include:Bayware: Helmed by a former head of software defined networking from Cisco, the company is pitching a tool that makes creating networks in multi-cloud environments as easy as copying and pasting.MotorCortex.AI: Co-founded by a Stanford Engineering professor and a Carnegie Mellon roboticist, the company is using computer vision, machine learning, and robotics to create a fruit packer for packaging lines.
Plug and Play, the accelerator network that works with corporations to invest and advise startup technology companies, is partnering with Walmart, Tyson Foods and J.B. Hunt to set up a logistics-focused program in Northwest Arkansas.Retailers, software vendors and any number of contracting companies have been forced to make the trek to Bentonville, Ark.to prostrate themselves before Walmart’s corporate juggernaut and now it seems some of Silicon Valley’s startup gurus are going to make the trek as well.“We are very excited to begin our work with these great organizations like Walmart, J.B. Hunt, and Tyson Foods in Northwest Arkansas to develop the ecosystem and culture of entrepreneurship,” says Saeed Amidi, Founder & chief executive officer of Plug and Play, in a statement.“With our startups, we can bring efficiency and cost savings in the supply chain.Through this new operation here, we will be able to connect Northwest Arkansas to Silicon Valley, China, Singapore, Germany, and the rest of our global network.”
Waymo CTO Dmitri Dolgov thinks 5G and next-generation cellular networks will be “an enabler” of the company’s autonomous car fleets, he told reporters this morning during a meeting at Waymo’s headquarters in Mountain View, California.“I think it’ll help in terms of communication [and with] latency and bandwidth,” he said, noting that Waymo’s driverless Chrysler Pacifica minivans wirelessly exchange information about hazards and route changes via dual modems.“[Our cars] still have to rely on onboard computation for anything that is safety-critical, but … [5G] will be an accelerator.”“5G” encompasses a host of evolving technologies, as VentureBeat’s intrepid 5G correspondent Jeremy Horowitz laid out in an explainer article last year.A small sampling includes new cellular antenna and modems, small cells, carrier aggregation (which enables radios to tune to overlapping channels simultaneously), Massive MIMO (which coordinate tens of antennas at a time), and QAM (which packs additional data signals into radio waves).Moreover, there’s not just one “type” of 5G.
The seven startups in this year’s class — all of which completed a five-month, 20-week program of product and business development with an in-house team of engineering, design, and business consultants — seek to tackle challenges like sustainable transportation, construction site productivity, harmful emissions produced by cooling and heating, waste management, and clothing waste with a combination of innovative hardware, internet of things (IoT), and software solutions.Collectively, Urban-X and its investors — which include BMW i Ventures, Draper Associates, Fontinalis Partners, Ekistic Ventures, Wireframe Ventures, Fifth Wall Ventures, Samsung Next, Story Ventures, Kairos, and UL Ventures, along with individual investors Fred Wilson, Brad Burnham, Edgar Bronfman Jr., and anonymous donors — pledged $100,000 per startup toward Cohort 5 or previous cohorts.Next year’s class will be the first to receive an increased investment of $150,000; it launches this summer with up to ten early-stage companies.“Cohort 05 is an incredibly impressive group of creative and innovative entrepreneurs who are driven by a passion to improve our cities,” said Urban-X managing director Micah Kotch.“We’re excited to continue to support this group and see what comes next for these inspiring teams.”Here’s the full list of startups that presented at Urban-X’s fifth demo day:
Back in January, Sequoia India announced plans for its first early-stage startup accelerator program in India and Southeast Asia, and today the firm announced its first cohort of 17 startups.To recap, the program — which is called Surge — gives each startup a $1.5 million check and participation in a four-month program that’s split across India and Singapore, as well as the wider Sequoia global presence in China and San Francisco.The program kicked off last month, but the startups were only unveiled for the first time today — here they are:Azani Sports: a ‘full stack’ sports clothing startup based in India that sells online and through selected high street retailsBobobox: a capsule hotel company based in IndonesiaBulbul: a live-streaming service with a focus on e-commerce across India
Malaysian venture capital firm 1337 Ventures is set to run its month-long Alpha Startups pre-accelerator program, which will conclude with a demo day in June.The demo day will be held during MyFintech Week 2019, a collaboration event between 1337 Ventures and Bank Negara Malaysia (BNM), Malaysia’s central bank.It will run from June 17 to June 21.Startups interested in joining the program may apply here until April 29.The top three teams will receive US$36,000 in funding, a chance to participate in a six-month accelerator program, and benefits worth over US$121,000 – including US$100,000 worth of cloud credits from Amazon Web Services and Google Cloud.BNM will also support selected startups through its fintech regulatory sandbox if needed.
The design world is in a state of full-fledged competition.Never in history have designers and their respective teams had so many options to choose from.As both demand and supply grow, design players are working to build out the most comprehensive experience possible for their users.Essentially, individuals and teams interested in taking some time to build out plugins for Adobe XD can get themselves three months at Adobe’s HQ, access to Adobe’s product, design and engineering team, as well as a $20K per person stipend to offset expenses.To be clear, Adobe is not taking equity in these projects and participants will leave Adobe HQ with 100 precent ownership over their built IP.The Adobe Creative Cloud Plug-in Accelerator is supported by Adobe’s Fund for Design, a $10 million venture fund launched in May 2018.
The Founder Institute, the world’s premier pre-seed startup accelerator, and MD5 National Security Technology Accelerator, a US Department of Defense (DoD) program that creates communities of innovators that solve national security problems, are announcing the new MD5 Fellowship program.Founder Institute chapters (including the flagship Silicon Valley Chapter), and the best overall applicants will be invited to participate in the pre-seed accelerator for free, receive mentorship and funding assistance from Department of Defense, Silicon Valley experts, and more.Many of the founders we work with at MD5 do not have previous entrepreneurial experience," says Colonel Gregory Coleman, MD5’s Acceleration Portfolio Manager."The Founder Institute significantly shortens the learning curve of these entrepreneurs and makes it more likely that they will succeed and ultimately help DoD field solutions to many of the problems we face as a department.Founder Lab is a virtual advisory program that helps early-stage startups raise seed funding.Over the course of this regimented 3-month program, participants will work closely with the Founder Institute and Vet-Tech teams in Silicon Valley to improve their pitch materials, build an investor pipeline, pitch to angels, negotiate terms, and generate strong investor interest.
Boston is quickly becoming one of the hottest places to launch a startup.With a large population of tech and creative talent, and an even bigger source of customers, it’s no wonder why some of the world’s most promising startups are coming from the city that was recently ranked the top ‘startup community’ in the U.S., according to the new “Innovation That Matters” Report, released by the 1776 and the U.S. Chamber of Commerce Foundation.The Boston Founder Institute is looking for aspiring entrepreneurs.Early Stage Funding in BostonNotable Seed Accelerators in BostonA "seed accelerator" is a cohort-based program that typically accepts teams (not solo-founders) with a product (functional prototype or live product) and some form of traction (for example, user, revenue, or team growth).
Y Combinator has announced that former Chief Operating Officer of Baidu Lu Qi will be joining their ranks as the Founding CEO of YC China and the Head of YC Research.The US-based seed accelerator said Lu Qi will be in charge of the company’s business development in China and lead its scientific research.China is the first step toward the accelerator’s global expansion and the choice of Lu Qi shows the market’s importance, the company said.The announcement was made at a YC press event on August 15.AI expert Lu Qi, previously employed by Microsoft, was a big loss for Chinese tech giant Baidu when he stepped down in May citing personal and family reasons.Lu was hired at Baidu as the company was to take over daily operations from CEO Robin Li in early 2017.
But believe it or not, Philadelphia is the home to more than just amazing cheesesteak sandwiches, but is actually a veritable hotbed of innovation with plenty of resources for entrepreneurs of all levels.With a pool of top talent, a market with plenty of opportunities, and affordable living and working spaces, it’s easy to see why Philly is quickly becoming one of the best places to start a tech company.If you’re looking for investment for your startup in Chicago, then check out this massive list of some of the most important funding sources, regardless of how far along your startup is.Early Stage Funding in PhiladelphiaNotable Seed Accelerators in PhiladelphiaA "seed accelerator" is a cohort-based program that typically accepts teams (not solo-founders) with a product (functional prototype or live product) and some form of traction (for example, user, revenue, or team growth).