A compilation of startup news from around the world:
Google is on the hunt for some of the UK’s most promising startups. The search giant said on Friday that it wants to find 10 early-stage technology companies for its weeklong programme. Selected companies will be given workspace at Campus London (a Google startup space).
Attention budding entrepreneurs: Knoxville Startup Day 2016 is coming in September, and applications are now being accepted for any East Tennessee startup that wants to pitch its business for a chance to win a $5,000 cash prize — and the recognition that goes with it. “The Startup Day pitch competition is an opportunity for East Tennessee entrepreneurs to pitch their innovative ideas and compete for a cash prize that can help make their vision a reality,” said Stacey Patterson, vice president of the University of Tennessee Research Foundation and a founding member of the Innov865 Alliance.
Coupa Software, a U.S. provider of applications that help companies run their financial affairs, has hired investment banks for an initial public offering that could come later this year, people familiar with the matter said on Thursday. Coupa would be one of the largest software companies looking to float on the U.S. stock market this year, which has seen few IPOs due to market volatility.
Tens of thousands of attendees are expected to convene in Boston this summer and fall for a series of events surrounding the city’s technology and innovation sector. Here are seven events you won’t want to miss.
In a country where most billionaires earned their fortunes by privatizing companies rather than building them, there is no navigation system pointing the road to startup glory. The Kremlin has created various state-funded schemes designed to promote tech startups, but meager results so far mean officials are now at odds over the next steps to reform the stalled economy.
Two weeks on from the referendum results, tech startups are swamped by uncertainty. The overwhelming majority – roughly 87pc according to a recent survey – were opposed to Brexit. But European investors like Index Ventures and Local Globe insist that they will continue to actively invest there because of tax benefits, strong technical universities such as Cambridge, Oxford and Imperial College, and the UK’s large English-speaking market – a combination that’s tough for other European cities to beat.
Two weeks after Twitter acquired Magic Pony to advance its machine learning smarts for improving users’ experience of photos and videos on its platform, Google is following suit. Today, the maker of Android and search giant announced that it has acquired Moodstocks, a startup based out of Paris that develops machine-learning based image recognition technology for smartphones whose APIs for developers have been described as “Shazam” for images.