2 Singaport Management University alumni donate S$1 million for entrepreneurship fund
Two Singapore Management University (SMU) alumni have donated S$1 million to set up a new entrepreneurship fund at the SMU Lee Kong Chian School of Business (LKCSB), marking the university’s largest gift by its alumni to date. The two alumni are Mr Jeff Tung and Mr Benjamin Twoon, who graduated from LKCSB in 2013. Mr […]
Qualcomm Commits Up To $150 Million to Strategic Venture Fund in India
Qualcomm Incorporated QCOM, +0.51% today announced its intention to invest up to $150 million in Indian startup companies across all stages as part of its commitment to India during a meeting with Prime Minister Narendra Modi at the Digital Economy event in San Jose. Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to […]
Singapore National Research Foundation launches S$40 million fund to grow local tech start-ups
The National Research Foundation (NRF) launched a S$40 million fund for small, high-tech innovative companies in Singapore on Monday (Sep 21). NRF’s third Early Stage Venture Fund was launched at Techventure 2015, a two-day platform for global technopreneurs and investors at the Marina Bay Sands Expo and Convention Centre. The fund aims to speed up […]
Indian Aaruha Technology Fund for start-ups launched
Budding entrepreneurs now have one more source of support, with the launch of Aaruha Technology Fund by StartupXseed, a seed-funding company, here on Thursday. B.V. Naidu, Managing Partner, StartupXseed, said the key differentiator was that the funding comes along with strategic support, mentorship and exposure to venture capitalists (VCs), so that the start-ups can graduate […]
Is state VC funding becoming the name of the game in emerging economies?
The Indian government this week launched a much awaited venture capital (VC) fund. Dubbed the India Aspiration Fund, the 20 billion rupee fund (US$306-million) will operate as a fund-of-funds administered by the Small Industries Development Bank of India (Sidbi). Life Insurance, India’s biggest insurance company, will be a co-investor in the fund, which will then […]
Qatar National Research Fund unveils joint research initiative with British university partners
Qatar National Research Fund (QNRF), a member of Qatar Foundation Research and Development (QF R&D), has launched a joint research support programme in partnership with the UK Government’s Science & Innovation Network, The British Council, and UK Higher Education International Unit. The initiative entitled ‘Qatar/UK Research Networking Programme’ reflects QNRF’s commitment to promote collaboration with […]
Russia, China partner on $200 million venture fund, tech incubator
The United States isn’t the only place in the world where money is pouring into high-tech innovation. On Tuesday, Russian prime minister Dmitry Medvedev’s Skolkovo Foundation for technical development and the Chinese Cybernaut Investment Group agreed to create a $200 million venture fund, a startup incubator for Russian businesses and a new Chinese robotics center, […]
Accel launches $305 million Indian start-up fund
Accel Partners, the venture capital firm that has backed the likes of Facebook and Flipkart, is launching a $305 million India-focused fund to capitalize on the country’s favorable conditions for start-ups. The investment is almost double the size of Accel’s last such fund — launched in 2011 — and will target technology businesses in the […]
Qatar Proof of Concept Fund to stimulate SMEs growth
“We share the ambition and a belief in the economic power of SMEs. It’s no secret that a lot of Qatar’s economy is driven by oil and gas but more and more, we see wealth created in sectors other than oil and gas, and support for SMEs from the highest levels seems to be growing […]
Arab private sector urged to fund scientific research
Prince Turki bin Saud bin Mohammed Al-Saud, the president of King Abdul Aziz City for Science and Technology (KACST), has called on the private sector to fund scientific research projects which will ultimately benefit the nation. Speaking at a ceremony in Riyadh on Tuesday, he announced the winners of the Almarai Prize for Scientific innovation. […]