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New VCTA Research Finds Scale-ups Held Back by Growth Funding Gap

Retrieved on: 
Wednesday, November 15, 2023

The research - gathered from a survey of 119 fast-growing firms - highlights that scale-ups identify insufficient capital as the most significant barrier to growth, with over a third (36%) identifying it above all other factors.

Key Points: 
  • The research - gathered from a survey of 119 fast-growing firms - highlights that scale-ups identify insufficient capital as the most significant barrier to growth, with over a third (36%) identifying it above all other factors.
  • The latest figures from the VCTA show that VCT investment grew in 2022 to £664m from £613m in 2021, unlike the wider market downturn.
  • Close to two fifths (17%) of respondents identified a lack of tech talent as their biggest barrier to growth.
  • This is particularly important during economic downturns, when funding is even harder to come by, and VCTs may be the only source of capital.

The Startup Fair in Vilnius, Lithuania, will teach us to adapt

Retrieved on: 
Tuesday, August 15, 2023

VILNIUS, Lithuania, Aug. 15, 2023 /PRNewswire/ -- On September 7th, Lithuania, the second-fastest growing startup ecosystem in Central and Eastern Europe, will invite startups worldwide to Startup Fair 2023 .

Key Points: 
  • VILNIUS, Lithuania, Aug. 15, 2023 /PRNewswire/ -- On September 7th, Lithuania, the second-fastest growing startup ecosystem in Central and Eastern Europe, will invite startups worldwide to Startup Fair 2023 .
  • Hosted by Startup Lithuania, the Startup Fair event draws thousands of attendees, including hundreds of investors and startups from more than 25 countries.
  • Startup Fair will also have a side event for future game-changers - Pitch Battle.
  • It emphasizes the need for startup developers to be flexible and adapt to a new reality and investment fluctuations," says Roberta Rudokienė, Head of Startup Lithuania.

The Startup Fair in Vilnius, Lithuania, will teach us to adapt

Retrieved on: 
Tuesday, August 15, 2023

VILNIUS, Lithuania, Aug. 15, 2023 /PRNewswire/ -- On September 7th, Lithuania, the second-fastest growing startup ecosystem in Central and Eastern Europe, will invite startups worldwide to Startup Fair 2023 .

Key Points: 
  • VILNIUS, Lithuania, Aug. 15, 2023 /PRNewswire/ -- On September 7th, Lithuania, the second-fastest growing startup ecosystem in Central and Eastern Europe, will invite startups worldwide to Startup Fair 2023 .
  • Hosted by Startup Lithuania, the Startup Fair event draws thousands of attendees, including hundreds of investors and startups from more than 25 countries.
  • Startup Fair will also have a side event for future game-changers - Pitch Battle.
  • It emphasizes the need for startup developers to be flexible and adapt to a new reality and investment fluctuations," says Roberta Rudokienė, Head of Startup Lithuania.

Edmonton’s Innovation Ecosystem Value Grows 96% to $1.3B

Retrieved on: 
Thursday, June 15, 2023

With its thriving and diverse startup ecosystem, Edmonton’s ecosystem value is up 96 percent to $1.3B since 2022.

Key Points: 
  • With its thriving and diverse startup ecosystem, Edmonton’s ecosystem value is up 96 percent to $1.3B since 2022.
  • Informed by data on 3.5 million startups across 290+ global ecosystems, the report provides compelling new insights on startup trends around the world.
  • “Edmonton’s innovation sectors and startups are firing on all cylinders, contributing to this phenomenal ecosystem growth and diversification,” said Edmonton Unlimited CEO Catherine Warren.
  • Ecosystem value is a measure of economic impact, calculated as the value of exits and startup valuations.

Investment Opportunity Open for Startups Decarbonizing the Built Environment

Retrieved on: 
Tuesday, June 13, 2023

SEATTLE, June 13, 2023 /PRNewswire/ -- The Decarbon8-US Fund released a Request for Proposal (RFP) for companies working on the decarbonization of manmade structures, including residential and commercial buildings and infrastructure operating technologies and services. Applications will be reviewed on a rolling basis until June 26, 2023. The RFP can be found online at www.decarbon8-us.org.

Key Points: 
  • Decarbon8-US is an impact investment fund established by E8, a climate tech investing community.
  • Government support from the Inflation Reduction Act, CHIPS and Science Act, and Infrastructure Investment and Jobs Act is stimulating development and rapid adoption of technologies targeted to decarbonizing the built environment.
  • "Cutting emissions from the built environment is urgently needed to meet our climate goals."
  • Be focused on decarbonizing the built environment.

Dealroom and RockawayX Publish 2023 Report on the State of European Crypto Company Funding

Retrieved on: 
Wednesday, March 22, 2023

Today, RockawayX (a venture capital firm backing leading Web3 projects) and Dealroom published its State of European Crypto Funding report.

Key Points: 
  • Today, RockawayX (a venture capital firm backing leading Web3 projects) and Dealroom published its State of European Crypto Funding report.
  • European crypto startups attracted record funding ($5.7BN) in 2022, while US crypto startup funding declined YoY.
  • European startups account for a substantial portion of early-stage crypto funding globally.
  • More than half of European crypto VC funding goes to companies building financial products and services.

EPAM Joins Drink Without Waste Initiative to Help Combat Hong Kong's Plastic Pollution Crisis

Retrieved on: 
Thursday, March 16, 2023

NEWTOWN, Pa., March 16, 2023 /PRNewswire/ -- Hong Kong disposes of more than 2,300 tons of plastic waste a day, and with a low recycling rate of 11%, most of it goes into landfills, according to government figures.i EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced its technical advisory role with Drink Without Waste, an initiative led by the Single-Use Beverage Packaging Working Group, to develop and facilitate strategies and actions that significantly reduce waste from beverage consumption arriving in landfills and polluting the environment. The first initiative was creating a Data Room to consolidate recycling data and provide visibility around the volume of waste collected.

Key Points: 
  • The first initiative was creating a Data Room to consolidate recycling data and provide visibility around the volume of waste collected.
  • "The Data Room we created is a foundational and fully scalable component in supporting a much larger recycling theme in Hong Kong.
  • "We are pleased to be working with EPAM to combat the plastic crisis in Hong Kong," said Paul Zimmerman, General Manager, Drink Without Waste.
  • "Visibility of data streams is key to expeditious implementation of a Producer Responsibility Scheme for beverage containers in Hong Kong.

Acerus Announces Commencement of Court-Approved Sale and Investment Solicitation Process

Retrieved on: 
Tuesday, March 14, 2023

Ernst & Young Inc. was appointed Monitor of Acerus (in such capacity, the “Monitor”).

Key Points: 
  • Ernst & Young Inc. was appointed Monitor of Acerus (in such capacity, the “Monitor”).
  • On February 3, 2023, the Initial Order was amended and restated (the “Amended and Restated Initial Order”).
  • Pursuant to an order granted by the Canadian Court on March 9, 2023 (the “SISP Approval Order”), Acerus has initiated a sale and investment solicitation process (the “SISP”) to be conducted by the Monitor with the assistance of Acerus.
  • The SISP is intended to solicit interest in the opportunity for a sale of or investment in all or part of Acerus’ assets (which includes Noctiva, Natesto, Strendra (avanafil), Lidbree, Tefina, TriVair and all other products of Acerus) and business operations.

Fasoo launches an upgraded version of Wrapsody eCo to help organizations fortify intellectual property protection and empower secure collaboration

Retrieved on: 
Wednesday, November 30, 2022

BETHESDA, Md., Nov. 30, 2022 /PRNewswire/ -- Fasoo, a leader in data-centric security and content virtualization technologies, will introduce a cloud edition of the rejuvenated secure collaboration solution, Wrapsody eCo. 

Key Points: 
  • BETHESDA, Md., Nov. 30, 2022 /PRNewswire/ --Fasoo, a leader in data-centric security and content virtualization technologies, will introduce a cloud edition of the rejuvenated secure collaboration solution, Wrapsody eCo.
  • The upgraded version of Wrapsody eCo has consolidated essential collaboration capabilities like secure file-sharing, content management, enterprise messaging, and video conferencing into a single platform to simplify processes and optimally manage resources.
  • Wrapsody eCo enables organizations to securely share and track sensitive documents with internal or external users to protect intellectual property or privacy data and meet regulatory requirements like CCPA and GDPR.
  • A data-centric platform strategy will help organizations tackle such issues," said YG Kim, Executive Director of Fasoo.

'Balance Beyond the Boom' - HKTDC Entrepreneur Day helps start-ups prepare for the post-pandemic landscape

Retrieved on: 
Wednesday, November 30, 2022

Organised by HKTDC, Entrepreneur Day began today.

Key Points: 
  • Organised by HKTDC, Entrepreneur Day began today.
  • Welcoming participants to the event, Margaret Fong, Executive Director of the HKTDC, said: "We are delighted to host Entrepreneur Day in hybrid format for the first time.
  • Entrepreneur Day featured several seminars beginning with "T-Chat - Global VC Investment: Rise or Fall?".
  • The Entrepreneur Day exhibition also gathered more than 130 start-ups showcasing innovative products and technology as well as support services for the start-up ecosystem.