News from around the world – May 18

Exciting time up ahead for tech startups.

A compilation of important news from the startup world: 


Tech stars at Slush Asia: Now’s the ideal time for startups
Like any big startup event, Slush Asia 2016 featured keynote speeches from technology luminaries, outlining the developments they see driving the world in the near future. “I think we are going to see, in the next 10 years, an explosion in the connectivity of things, what people call the IoT,” said Nikesh Arora, president of Japanese telecommunications company SoftBank, using the acronym for the internet of things. “We have only connected people [to the internet] so far,” Arora said. “We are going to connect things in the next five to 10 years. That’s just the first step, because when you connect anything, we are going to [have] this huge explosion of data. When you have a lot of data, you can use that data to improve things tremendously.”

Brazilian tech startups to join Google’s accelerator
Google has chosen six Brazilian new businesses to take part in the second wave of its startup acceleration program for emerging markets. Education startup AppProva, lending platform BankFacil, e-learning tools developer Edools, location-based recruitment tool Emprego Ligado, services marketplace GetNinjas and careers community portal Love Mondays have all been picked to participate in the web giant’s Launchpad Accelerator scheme. The companies will be mentored and developed alongside 18 other ventures from India, Indonesia and Mexico. The acceleration initiative includes six months of technical support and training, as well as up to $50,000 in equity-free financing to startups, $100,000 in credits for Google cloud products and a couple of weeks at Google’s offices in Mountain View.

Tech start-ups encouraged to launch their businesses in Belfast
StartPlanetNI, a Belfast-based accelerator, is calling for high-growth potential technology start-ups to join its latest programme. Starting in September this year, the three-month programme has 10 spaces available for budding tech businesses – with half of the spaces reserved for Northern Irish companies and the rest drawn from Europe and internationally.  In exchange for a 6% stake in the business, participants will receive £15,000 investment and the opportunity to access up to £40,000 in follow on funding upon completion of the programme.

Find Out How Startups Can Sell to the Nation’s Largest Customer
Washington, D.C. tech startups face an often daunting maze in pursuit of federal government contracts. Wanting to share her own map of that labyrinth after years as a government IT contractor drove Meagan Metzger to found tech startup accelerator Dcode42 just steps away from the White House last year. It’s the same mission that inspired her to create the series of events that make up Dcode42’s first Power Week. Knowing how much the government wants new tech and how many companies have solutions to offer, the week’s events offer a mix of experts from both the government and corporate sectors. Representatives from the innovation and digital technology teams at the White House, the Departments of Defense and Veterans Affairs and the National Geospatial Intelligence Agency among others will speak about their experiences and advice for bridging the divide between startups and government agencies.

CarGurus CEO on Profitable Tech Startups, and Why Uber Is Road Kill
CarGurus might be the biggest Boston-area consumer tech company you’ve never heard of, but founder and CEO Langley Steinert is ready to change that. Based in Cambridge, MA, the decade-old firm has grown to more than $100 million in annual revenue and around 300 employees, with much of that growth coming in the past couple of years. CarGurus’ website, which helps people search locally for deals on new and used cars, receives about 20 million unique visitors each month, Steinert said during a chat last week with Founder Collective managing partner Eric Paley in front of dozens of entrepreneurs, investors, and other members of the local tech community.

The Greek tragedy continues: Why so many of Greece’s tech firms may abandon its shores
A survey conducted recently by non-profit organization Endeavor, Greek Business Exodus, shows that only 19 percent of tech companies intend to stay in the country. All the others plan to transfer their headquarters or operations abroad, or have already started the process. “[IT companies] are the most willing to leave, because it is easier for them, and also they can access smart capital more easily in the US or Western European countries,” Anna Zilakou, communications and partnerships manager for Endeavor, tells ZDNet.

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