Silicon Valley startups make billions solving problems for the richest segments of the population while ignoring social and economic problems affecting everyone else. This cycle threatens the future of the city these startups call home, says Recode’s Kara Swisher.
If not London, where should fintech startups look? Berlin and Dublin are early contenders to attract investment in the sector.
Canada’s biggest gathering of startups, VCs, angels, and accelerators is happening from July 13th to 16th, and TechPORTFOLIO is going to be there.
Banks are getting the picture, learning the tools of the fintech trade by partnering with and investing in fintech startups and incubators
The $14 trillion global wealth transfer and early fintech adoption by millennials are key drivers of this $22 billion+ market
“Maybe we, as the tech community, assumed that the rest of country wanted the same things we did. This is perhaps why the outcome has come as such as a surprise to so many of us .”
After the United Kingdom voted 52% to leave the European Union, the startup community in London and Scotland — both of which voted to remain in the union — has been thrown into turmoil.
Female entrepreneurs generate 20 percent greater revenue than their male counterparts, while receiving 50 percent less VC funding.
Government agency is eyeing blockchain technology as a way to reinforce its supply chains and grow its share of the financial services market.
A study by the BBC says that while Dubai has 83% of its population hailing from abroad, Toronto has a far wider spread of nationalities – 230 in all. Why Diversity Matters, a report by management consulting firm McKinsey & Co. reveals a strong correlation between diversity and financial success: companies in the top quartile for racial and ethnic diversity are 35% more likely to have above average returns.
This innovation model, facilitating collaboration between IBM, academic institutions, Ontario Centre of Excellence, and SMEs aims to help establish Ontario as a leading global centre for driving innovation in information technology, health, and urban infrastructure (water, energy, transportation).
Portland’s affordability is major factor behind the growth experienced in the high tech sector, and resulting increased salaries are contributing back to the city’s wealth. And this benefits the U.S. Pacific Northwest as a whole. As an indication of the trend, the region’s talent pool grew 28 percent between 2010 and 2013, compared to 20.8 percent in Silicon Valley.
Accelerators can put startups on a fast track towards growth-stage success, but founders shouldn’t be tempted to apply to a program simply on the basis of acceptance chances. Geography, funding, office space, and mentorship availability are all important, and there are still other factors to keep in mind.
TechPORTFOLIO will use IBM Cloud and cognitive technologies, including data and machine learning, as part of its journalistic approach to deliver insights relevant to the companies, startups and governments involved in the global startup ecosystem.
Toronto distinguishes itself as Canada’s financial center, the fourth-largest metropolis in North America, and its namesake university ranks in the world’s top-20. Toronto is also one of the most ethnically diverse cities in the world, a metric that McKinsey & Co. says supports corporate success. So where are the Toronto-bred unicorns?
Jobs shed by startups in their fifth year equal 65 percent of that year’s new hires. This number, which shows the difficulty many companies have transitioning out of their startup phase, doesn’t account for jobs shed by startups that go bust. Nor does it count jobs lost as a result of startups disrupting a traditional industry.
Non-compete agreements are not just void in California. Employers can be held liable for refusing to hire someone for not agreeing to sign one. The unfettered job-hopping freedom that results has helped give rise to Intel, Tesla and YouTube.
The drive to make cities smart provides more than just faster answers to questions about municipal services. It gives entrepreneurs who respond to the demand the opportunity to create solutions that can be commercialized, which ultimately builds the depth and breadth of startup ecosystems.
Qualified Ontario tech startups hope to benefit from a new public-private sector funding program meant to help them use advanced computing technologies including artificial intelligence to grow their businesses. The program is part of the province’s efforts to create jobs and foster the development of globally competitive technologies.
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