News compilation from International Startup world
Semiconductor giant Intel plans to invest 10 million yuan (HK$11.6 million) every year to incubate Chinese startups working on industrial and consumer robots, a top company official said. Intel’s investment plan is based on China’s industrial restructuring and upgrading mission, which hinges largely on robotics and intelligent manufacturing development, Dexon Li, general manager of Ecosystem Development Office of Intel (China) said on Thursday at the 9th APEC Small and Medium Enterprises Technology Conference and Fair in Shenzhen. More than 1,300 tech startups from 21 Asia-Pacific countries and regions are attending the Shenzhen event. Intel’s China unit has already teamed up with Shenzhen-based technology start-up Ingdan.com, backed by Hong Kong-listed Cogobuy to develop a robotics ecosystem platform. The US company plans to incubate Chinese startups that have the ability and potential to develop core robotics components, according to Li.
Peachtree Corners city council is considering giving tax breaks to new and emerging technology companies that locate in the city. A new ordinance, which the council will consider at its meeting on Tuesday, would create a tax exemption for businesses “in certain fields related to high technology, life sciences, information technology and intellectual property.” The exemption would last for three years, or until the business has earned $1 million in gross receipts.
Venture capital investments in start-ups rebounded in the second quarter, as a general stock market recovery helped restore confidence, according to a new report published on Friday. Investors plowed $15.3 billion into venture-backed start-ups in the second quarter of this year, a 20.5% increase over the $12.7 billion invested in the first quarter, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. The report’s conclusions are based on data from Thomson Reuters. “There was a bit of a pause in the first quarter when the public markets took a beating,” said Sean Cunningham, managing director of Trident Capital Cybersecurity. “The public markets are back. Everyone is bullish.”
Innovation Centre Sunshine Coast, an organisation backed by University of the Sunshine Coast, is preparing to host a series of demo days highlighting local startups. The first event will focus on innovation in the food, agribusiness and wellbeing sectors. The demo days are designed to give investors and the broader community a first-hand look at some of the startups working at the innovation centre, which is located on the university’s campus at Sippy Downs on Queensland’s Sunshine Coast. The first event on August 2 will feature a mix of graduates from the Innovation Centre’s incubator program, along with some of the centre’s associate members. It will be run with support from Spark Bureau, RDA, Advance Queensland, Food and Network Association (FAN) and Four Ingredients. “The demo day is targeting local startups in the food, [agritech] and wellbeing sectors. It goes for two-and-a-half hours. We’ll have nine entrepreneurs presenting their products,” Innovation Centre Sunshine Coast events and marketing organizer Debbie Marshall told BIT.
Local non-profit data analytics startup Attentive.ly was acquired by philanthropic software services giant Blackbaud this week for an undisclosed amount. The acquisition is the latest sign of the growing interest in applying the tools of the tech industry to charity and non-profit work. “When we introduce social data as a tool, non-profits can get to know their supporters better,” Attentive.ly co-founder Rosalyn Lemieux told DC Inno in an interview. “It helps us segment and personalize communication.” Data analytics are an integral part of the digital economy, but philanthropic groups have a reputation for being behind the curve on using analytics and other advances in technology. But Blackbaud has a history of not just relying on old-fashioned mailing lists, including a partnership with Attentive.ly prior to the acquisition. “It’s a new phase in our relationship, but we’ve worked together for a while,” said Lemieux, who is now general manager of product management for Blackbaud. “They’re building what they call an ecosystem for good. Changing to [use] social data [from Attentive.ly] lets them leapfrog ahead. It’s a natural fit.” The acquisition demonstrates the potential strength of companies using tech for social good and there are plenty of startups in the Washington, D.C. area that represent that mixture. Here are some of the others you should know.
Venture capitalist Jim Breyer was appointed to the alternative asset manager’s board Thursday, joining the firm’s quartet of in-house billionaires that already serve as directors: founder Stephen Schwarzman, Hamilton James, J. Tomilson Hill and Jonathan Gray. “Jim’s stellar record as an investor and knack for identifying the winners of tomorrow make him a superb fit for our board of directors,” said Blackstone President James. “I look forward to working closely with him in the years ahead to move the firm forward in new ways.” While at Accel Partners, Breyer led the first major funding round for Facebook in 2005 and served on Mark Zuckerberg’s board until 2013. At Breyer Capital, where he has made investments since leaving Accel in 2011, he’s put money into businesses like Chinese smartphone maker Xiaomi, online crafts marketplace Etsy and film studio Legendary Pictures.
In support of Tech startups. Senator Paolo Benigno Aquino IV (right) explains how bills he has filed will help develop more startups in the country. Aquino has thrown his support for the annual Geeks On A Beach conference, which seeks to connect startups with tech leaders and investors. Aquino is seated beside TechTalks.com founder Tina Amper, one of the conference organizers. (Sun.Star Photo/Ruel Rosello) IT seems that the new administration will not be the only proponent of change in the country. In the fourth installment of the annual Geeks On A Beach (GOAB) conference, startup communities are urged to lead the change in making the Philippines a global technology leader. With the theme, “Empowering startups, leading change,” GOAB 4 will be held at the Bellevue Resort in Panglao Island, Bohol from Aug. 25 to 26. In a press conference yesterday, TechTalks.ph founder Tina Amper said GOAB is a tool for participants to foster connections to accelerate their business. “GOAB facilitates connections between those of us here in the Philippines who are building startups, who are tech leaders, along with all the international speakers and partners that we invited to come to Philippines,” she said. The 4th GOAB is the first startup event that will be held after the creation of the Department of Information and Communication Technology (DICT), Visayas Cluster 2 Representative Antonio Edward E. Padre said.