Share to Twitter Share to Linkedin We learn by doing. It was either Aristotle or Sir Richard Branson (it was probably both) who said it, but we learn by doing things, working out our behavior and actions in real-life scenarios through our experience of the world and people. But times have moved on since 322 BC and today we have Artificial Intelligence (AI), virtual reality and intelligent software automation. Tel Aviv, Israel-headquarterd Wilco agrees with the learn-by-doing maxim, so much so that its team has established its business upon it. Not to be confused with the British homeware and DIY store (that’s Wilko) or the Chicago-based alternative rock band (that’s Wilco too, but with bass and drums), Wilco is designed to enable software engineers to emulate the conditions at a tech startup. The software sends users on ‘quests’ that cover everyday engineering tasks - from deploying an app to finding the root cause of a live software production issue - … [Read more...] about Israeli Software Engineering Start-Up Creates Simulation Training ‘Quests’
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The “Korean in Asia 2022” annual start-up get-together was held at the Naver D2SF start-up support center in Gangnam, southern Seoul on Tuesday. [STARTUP ALLIANCE] The rising popularity of K-pop and Korean dramas has made Hallyu seem like a guarantee for success in overseas markets, but that may not always be the case, venture experts said at an annual start-up get-together held Tuesday. Organized by the Startup Alliance, “Korean in Asia 2022” is an annual event that invites Korean entrepreneurs working in Asian countries to share their experience and hardships of doing business overseas. It was held at the Naver D2SF start-up support center in Gangnam, southern Seoul. This year’s speakers included executives from cosmetics company Limese, fintech company Fin2B and digital content company VNG Corporation. “I call it the fantasy of Hallyu,” said Jo Tae-moon, chief strategy officer of DaouKiwoom Innovation, the Vietnamese subsidiary of DaouKiwoom tech company. “It’s true that … [Read more...] about Hallyu doesn’t guarantee start-ups’ success, experts say
Share to Twitter Share to Linkedin Priyanka Jain and Laine Bruzek want to close the gender gap in healthcare. And they’re talking about vaginas, in particular. With their new company, Evvy, which launched earlier this year, they’re targeting an issue that is still a mystery for so many women. Approximately one in three women, or 30 percent, will have vaginal issues every year, Jain says. Many of these will be chronic cases of repeated infections or dysbiosis. And yet the treatment being used is still too basic, she argues. “We just put a bomb in there, as in an antibiotic, and then hope the right bacteria grow back.” Evvy is setting out on two missions: one to help women better understand what’s going on in their vaginal microbiome using full-genome testing and two, to help build data on a region of the body that’s been neglected. “Women, in general, were only included in clinical research after 1993,” she exclaims. “That’s in the ’90s!” … [Read more...] about This Health Startup Is Mapping The Vaginal Microbiome Because No Bothered To Before
Share to Twitter Share to Linkedin As it turns out, December is National Write A Business Plan Month, which I will confess to not knowing was a thing beforehand. While it may be one of the lesser known end of year holidays, it’s one deserving of attention and even a little fanfare, particularly for up-and-coming and would-be entrepreneurs. So in the grandest tradition of this venerable holiday, let’s take a moment and think about what makes a business plan work. This column has always been primarily focused on talking about the workplace and business issues that women confront as they progress through their careers, from navigating boys clubs to pregnancy discrimination to VC funding disparities to the She-cession, but there may be no more pressing topic than how women can create their own success, wield economic power, and make their mark by starting their own businesses. It’s been said in this space repeatedly: there is no greater predictor of women’s rights than … [Read more...] about The Roadmap To Success: Starting A Business Begins With A Plan
Share to Twitter Share to Linkedin The age of biotechnology is here. Products across a broad range of markets are made with biology, and conscious consumers demand a level of sustainability that only biomanufacturing can provide. The next generation of therapies for human health and wellness are biologics. Even the US government has taken notice with the National Biotechnology and Biomanufacturing Initiative. This movement has been enabled by breakthroughs in the ability to read and write DNA, creating the field of Synthetic Biology. Many have compared the revolution in synthetic biology to the revolution in computer technologies - and in fact our ability to write DNA has accelerated faster than Moore's Law, which describes how quickly the power of computer processing has increased. However, unlike information technologies, biotechnology requires “wet lab” space, with appropriate equipment and facilitates to grow and research the organisms that the industry … [Read more...] about Want A Biotech Lab? This Start Up Is Revolutionizing The Bioeconomy With On Demand Lab Space.
Melbourne-born payments startup maintains valuation at $5.5 billion and looks to add staff even as other companies slash jobs. J ust a few short years ago, Lucy Liu was hanging out in a cafe in Melbourne after quitting her job in China to go traveling. Today, she is cofounder and president of Airwallex, among the fastest-growing private companies in the Asia-Pacific region and one that is proving resistant to the downtrends in startup financing and hiring that are rattling the global tech sector. In the space of just over a year, the fintech unicorn has raised a combined $400 million from an A-list of investors, including DST Global, Sequoia Capital China and Tencent. The series E funding round, which closed in October, kept the company’s valuation steady at $5.5 billion. “In this market, I think investors like to invest in the leaders of the industries,” says Liu in a video interview. She adds: “I think we have that track record and have proven that our business model … [Read more...] about Airwallex Cofounder Lucy Liu Touts Fintech Unicorn’s Prospects Despite Downturn In Tech Sector
Sanjiv Rangrass is an active investor and mentor, with an envious track record of making investments in unicorns such as Zetwerk, OfBusiness, and BlackBuck (Illustration: Suneesh K/ Moneycontrol) Early-stage venture capital (VC) firm Unitus Ventures, on December 6, said it has on boarded ITC veteran Sanjiv Rangrass as a venture partner. The company said Rangrass will lead its investment strategy in the climate sector for the next fund that will be launched in early 2023. This comes at a time when investor interest in climate tech start-ups is growing rapidly Rangrass spent 40 years at ITC, where he joined as a trainee and became the chief executive officer (CEO) of the company’s agri-business unit before retiring as its group head for research and development, sustainability and projects in June this year. He is also an active investor and mentor, with an envious track record of making investments in unicorns such as Zetwerk, OfBusiness, and BlackBuck. Recently, Zetwerk … [Read more...] about ITC veteran Sanjiv Rangrass joins early-stage VC firm Unitus as venture partner
Share to Twitter Share to Linkedin Runway ML, one of the two startups behind the popular AI text-to-image model Stable Diffusion, has raised new funding at a $500 million valuation, Forbes has learned. Felicis is leading the new funding, the sources said, which comes on the heels of a boom in generative AI that has captured the public’s attention in recent months thanks to releases that also include OpenAI’s Dall-E and ChatGPT. Runway quickly emerged as one of the buzziest startups in the mix with its video editing software, for which the company has been releasing a bevy of generative AI features. For example, from a photo of a forest, a user can type a short text phrase into Runway’s software and instantly conjure a lake or a castle among the trees. Sources say annualized revenue hovers around $1 million, the latest indication that while frothy valuations have dissipated from most of the VC industry, the buzzy generative AI space has been an … [Read more...] about Runway Raises $50 Million At $500 Million Valuation As Generative AI Craze Continues
Share to Twitter Share to Linkedin Terry Tateossian is a 4th generation entrepreneur, growth hacker, and co-founder of SocialFix Media . Entrepreneurs should observe at least four types of trends—economic, social, technological and regulatory—to identify business opportunities and grow their startups. By paying close attention to economic trends, they can identify areas that are ripe for new ideas. Social trends, such as the aging of baby boomers or an increased emphasis on eco-friendly practices, can help them identify individual behavior. Likewise, by looking at technological trends, they might be the first to learn about opportunities that will soon emerge. Finally, staying up to date about regulatory changes can open new business opportunities. By observing social, economic and technological trends and keeping up with regulatory changes, entrepreneurs can identify inefficiencies in the market and give themselves the opportunity to bring … [Read more...] about Four Types Of Trends Entrepreneurs Can Follow To Identify Business Opportunities
Share to Twitter Share to Linkedin Here is an excerpt from this week’s newsletter. To get the full newsletter to your inbox on Tuesdays, click here. Now that we’ve learned Stewart Butterfield is stepping down as CEO of Slack in January, there's much debate as to why. I take him at his word that this was a planned exit. He gave us plenty of warning. Early in the pandemic, as some of us were crouched over computers in our living rooms, paranoid that some zombie child would wander by half-dressed during a video call, the cofounder and CEO of the popular messaging app moved to Colorado and got in 76 days of skiing that season. Not that he was slacking off, mind you. “ A lot of those skiing days, just to be clear, were like 73 minutes before meetings started for the day ,” he recently told my colleague, Jena McGregor, sounding wistful that an anecdote intended to illustrate the joys of remote work had instead reminded some of us that it’s good … [Read more...] about The Gardener: Will Slack’s Stewart Butterfield Still Change How We Work?