From the startup world – Aug 1

What's happening around the world!

Compilation of news from startup world :

The Aussie tech startup boom

The beginning of the 2010’s saw the boom in startups, which in turn grew the need for coworking spaces to house these companies. Co-working spaces have expanded beyond the typical imagery of working shoulder-to-shoulder in crammed, dingy offices. They have become more about innovation, community and collaboration, and are coveted workplaces for startups to network and pitch their ideas. These places hold some of Australia’s most successful startups. Fishburners is Australia’s largest startup hub. Based in Ultimo, Sydney, it houses over 170 companies run by some of the brightest minds in the tech scene. One startup created a hassle-free way uni students can organise for the most important day of their university experience – their graduation. Ed and Matt are the founders of GownTown, a site to buy graduation gowns and other related accessories. “Typically, a university graduate will pay upwards of $100 to hire their gowns for 2 to 3 hours. It got us thinking ‘there’s gotta be a better way’.”At the other end of Sydney’s CBD sits Stone and Chalk, another coworking space for startups in the fintech sector (software that offers financial services).

This Fellowship Is For Military Veterans Launching Tech Startups

There’s a sizable number of veteran-owned businesses in the U.S., but most aren’t tech companies. Now, a startup program, working with a  tech accelerator for vets, is trying to change that situation. Called the 100Vets Fellowship, it’s a partnership between the Founder Institute, a startup launch program, and Vet-Tech, an accelerator for vets,  and open to all U.S. vets and service members trying to start a tech company. Candidates can apply to a Founder Institute chapter for free; the best applicants will receive a fellowship to participate in a Founder Institute program, also at no charge. (There are chapters in 135 cities around the world). The usual fee  costs an average of $1,200; the amount varies, depending on the location.

Goodbye, Payday Loans; Hello, Helpful Tech Startups and Other Options for ‘Distressed Borrowers’

Right now in America, millions of consumers are considered “distressed borrowers.” These are people who can’t qualify for a credit card, get a mortgage to buy a home, or take out an affordable personal loan to cover an emergency expense. And because the options that are available—typically, payday or car-title loans—don’t report to major credit bureaus, these borrowers have no way to improve their financial standing by building a positive credit history. Instead, they remain shut out from mainstream credit products, with no way to escape predatory lenders or the debt traps they set. Like most problems rooted in systemic poverty, the plight of distressed borrowers is more than a matter of simple economics. It is deeply influenced by social and cultural factors including race, ethnicity and, in this case, a tacit acceptance of lender bias. It’s no secret that these challenges disproportionately plague communities of color. The home-mortgage industry is a prime example, rife for decades with discriminatory policies that charged African Americans and other people of color higher interest rates and fees than their white peers and effectively locked them out of certain neighborhoods altogether through redlining.

Startups gear up for tech pioneer’s visit

It’s a Friday morning, and Paul Jarrett is a bundle of energy. Bulu Box, the startup he moved from San Francisco to Lincoln, is ahead of schedule. What he once considered challenges to growing a business — attracting talent and investment dollars — he now chalks up as lame excuses. “Just another thing for the entrepreneur to solve.” Jarrett moved Bulu Box, which ships samples of premium health products to monthly subscribers, because Lincoln was home, but also because the mathematical equation didn’t add up in the Silicon Valley. Dollars for capital add up to more, much more, in Lincoln. That’s obvious. But what’s surprised him is the grit and toughness that drives the next generation of entrepreneurs in the Midwest.

Manos Accelerator Hosts its Inaugural Tech Venture Summit For Latino Startups

On September 15th-16th, 2016 Manos Accelerator will host its first annual Tech Venture Summit at the Golden Gate Club, in the Presidio of San Francisco, CA. Manos will assemble over 200 Latino startups from across the Americas in tech, an underrepresented group in the startup/tech communities, for the most unique technology conference ever. This two day summit will host influential speakers on topics like Latinos in Tech, How To Get Funded, and How To Measure Latinos Impact in Tech. The Tech Venture Summit will be an amazing event where a panel of successful, Latino entrepreneurs from the global tech and entrepreneur communities will be featured.

Want Sh13 million funding for your startup? Here’s an opportunity

GSM Association, the London-based global mobile operators’ lobby, unveiled an innovation fund during the GSMA Mobile 360 – Africa conference in Dar es Salaam, Tanzania to support startups in emerging markets such as Kenya. This innovation fund is open to startups operating in Africa and selected countries in Asia. The fund is backed by the UK Department for International Development (DFID) and supported by the GSMA and its members. “The launch of the Ecosystem Accelerator Innovation Fund is an exciting opportunity for the mobile industry to work with entrepreneurs in developing markets to create services that will deliver important socio-economic benefits to their communities,” said GSMA Director General Mats Granryd. “I anticipate that we will see some incredible applications and I look forward to seeing the first selected startup businesses flourish.” The fund will help identify innovations with the greatest potential for growth and provide best practices for players who are encouraged use mobile phones to improve the welfare of their communities.

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