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The Entrepreneurial Case for Tech Investing in Emerging Markets
Africa’s tech ecosystem is huge, yet it barely scratches the surface when compared with those of China, India, Brazil and other emerging markets. In 2006, India and China accounted for only 2 percent of global-deal value. More than a decade later, the two biggest emerging markets now account for nearly 25 percent, with India and China firmly on the list of the top 20 startup ecosystems in the world.
- Categories
- Finance, Investing, Technology
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Press release: MIT’s Inclusive Innovation Challenge awards over $1 million to organizations harnessing technology to create greater economic opportunity for workers
The MIT Initiative on the Digital Economy has awarded over $1 million in prize money in its second annual MIT Inclusive Innovation Challenge (IIC) in recognition and celebration of for-profit and non-profit organizations using technology to improve economic opportunity for base- and middle-level income earners.
- Categories
- Technology
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Techstars launches an impact accelerator for companies focused on social and environmental impact
In a blog post, the international accelerator network’s newest managing director, Zoe Schlag said that the new accelerator will back “for-profit, mission-driven founders building technologies to solve our most pressing social and environmental needs.”
- Categories
- Technology
- Region
- North America
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Google announces $1b commitment to tech education
The search giant said $10 million of the $1 billion commitment will be provided to Goodwill, a workforce development non-profit, to launch the Goodwill Digital Career Accelerator. It is the largest grant Google.org has awarded to a single organization, the company noted.
- Categories
- Education, Technology
- Region
- North America
- Tags
- nonprofits, philanthropy
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Bharti Airtel to acquire Tata’s money-losing mobile unit for nothing
India’s telecoms market, with 1.2 billion mobile subscribers, is in the midst of a wave of consolidation as smaller debt-laden players seek exits after overspending in airwave auctions.
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- Technology
- Region
- South Asia
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Even Africa’s poorest countries are too expensive to be the world’s next manufacturing hub
In a bid to find out if African countries can “break into global manufacturing in a substantial way”, the researchers found factories in Africa were almost always more expensive to start and run. Looking at overall costs, small African firms were 39% more expensive than comparative firms elsewhere while medium and large firms were around 50% more expensive.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Vodafone Americas Foundation Call for Entries for Tenth Annual Wireless Innovation Project
The Vodafone Americas Foundation today, at SOCAP17, announced the opening of its tenth annual Wireless Innovation ProjectTM (WIP) competition, seeking the latest connected innovations designed for social good. The Vodafone Americas Foundation asks all entrepreneurs, startups, non-government organizations (NGOs), nonprofits and university projects to submit technologies that aim to solve critical issues facing the global community.
- Source
- Press release
- Categories
- Technology
- Tags
- global development, NGOs
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One nation, under code: How India leads the way in the interoperability of QR code for payments
Thanks to Paytm, the use of QR code as a form of mobile payment made an entry and has begun to impact. The black-and-white sign is sported by kirana stores, vegetable carts and tea stalls all over the country. In the aftermath of demonetization, Paytm made it ubiquitous in their attempt to sign up merchants for acceptance of Paytm wallet.
- Categories
- Finance, Technology
- Region
- South Asia