Hub71, Abu Dhabi’s growing tech ecosystem, has expanded to 51 startups with the announcement of 15 new joiners to the Hub71 Incentive Program. The Hub71 Selection Committee prioritized global startups in the field of HealthTech and EdTech, which provide essential technologies to support the private and public sector as they adapt to the challenges of the COVID-19 pandemic.
Robotical, the edtech startup behind Marty the Robot, has today announced that it is working with South African NGO, Got Game, on Nokia’s Helping hands project to deliver education to previously disadvantaged youths in South Africa.
Temenos, the banking software company, has announced the launch of Explainable AI (XAI) models to enable banks and credit unions to rapidly offer loans to small and medium enterprises (SMEs) that have seen their cash flow disrupted by the Covid-19 outbreak. These patented XAI models allow banks to accelerate digital onboarding, conduct eligibility checks and process loan applications for SMEs and retail customers.
The process of obtaining a business loan can be challenging at the best of times. Normally, though, the loan is part of a larger restructuring or growth plan, whereas at present companies across the UK are requiring financial support just to survive.
The world has been turned upside down and shaken vigorously. Businesses are now scrambling to pick up the pieces and regain a handle on how they can push ahead during these difficult, uncertain times.
More than 28-days on from the Prime Minister’s lockdown measures closed the door on many businesses, Toby Harper said help, for many, was still ‘painfully slow.’ He said the Chancellor’s new £1.25bn coronavirus package to protect firms driving innovation in UK , which includes a £500m investment fund, asks more questions than it answers.
Around nine million accidents happen in Germany every year – sometimes with lasting health consequences for those affected. Personal accident insurance helps to cushion the financial burden. Getsafe has decided to offer its customers a digital accident insurance product. This marks an important step for the company towards life insurance and shows that even personal, complex insurance products work on the smartphone.
Confidence levels among UK tech startups have dropped significantly over the past three months as the fallout from the coronavirus pandemic takes hold, Studio Graphene’s latest Tech Tracker survey reveals, as Studio Graphene has published the results of its Q1 2020 Tech Tracker survey.
Right now we are in uncharted territory. COVID-19 is here, we don’t know how long for, and it is affecting so many people in so many different ways. Everyone is feeling different things and everyone has different circumstances. You are not others, others are not you.
Money most certainly does not buy happiness, but it does make the world go round. And the lack of money can lead to hardship in many ways. A question that I keep overhearing recently is about whether it is still possible to raise finance during the coronavirus pandemic. The simple answer is yes… maybe!
The first step in an energy company collaborating with a startup is to ask itself a simple question: why? In part one of this series, we answered that from a wide-angle perspective – because the industry needs to innovate to keep up with the pace of change, and collaboration with startups appears the quickest, surest way to do so. Because the old model of fiercely guarded, siloed research has reached its limit.
Cievert was founded in 2011 by former NHS therapeutic radiographer, Chris Kennelly, who began his mission to make routine healthcare a thing of the past.
Codota, an AI software for developers, acquired its competitor TabNine last year. The company has also announced the global launch of its complete version for JavaScript, merging Codota’s semantic technology with TabNine’s textual one for suitable accuracy for developers.
There is no part of society that has been unaffected by the COVID-19 pandemic. On 12th April, the UK sadly became the fifth country to record 10,000 deaths from the virus, with the Government expected to continue its tough lockdown measures for many weeks to come.
Job roles within tech increased by 40% in the first third of the year thanks to a surge in-demand within the ‘hybrid-tech sector’ – namely fintech, edtech, healthtech, and agritech – according to global recruiter Robert Walters.
Youth Business International (YBI) has been awarded a $5m grant by Google.org to support over 200,000 underserved micro, small and medium businesses in 32 countries to respond to the COVID-19 crisis. The global economy is suffering from an unprecedented shock as a result of COVID-19. With typically tight margins, micro, small and medium businesses are particularly vulnerable to economic downturn.
Tide, the UK’s leading business banking platform, has launched a new Invoice Protection product in partnership with insurance solutions provider, Hokodo, to help micro, small and medium-sized businesses protect their cash flow against the late and non-payment of invoices.
Growth mindset rests on the idea that essential things such as talent and achievements can be developed through hard work and practice. Also, the concept of growth mindset explores how passion and training can help a person develop skills that people don’t originally have.
Founding Lanistar was the start of a revolution. The personal finance world has been broken for far too long – to banks, customers are simply numbers on a spreadsheet, instead of real people with feelings and desires. I knew that there must be a better way to manage money, so I started Lanistar not just to challenge the current financial system, but to completely take it over.
Amid the current pandemic, the economy is taking a brutal hit, and as fledgling businesses, startups have a particularly fierce challenge to keep afloat. To try and help companies that aren’t eligible for existing relief schemes during this time, such as the CBILS loan, the government has announced a £1.25bn fund to try and help these companies – including startups – survive.
