The number of startups focused on augmented reality technologies increased 60% from the first quarter to Q2, The Venture Reality Fund says. With 150 companies active, particularly in the areas of device infrastructure and SDK tool development, AR growth should continue, said Tipatat Chennavasin, the fund's co-founder and general partner.
Minnesota Gov. Mark Dayton recently became one of 38 US governors to sign the Compact to Improve State Cybersecurity. As part of the agreement, governors said they would develop or boost cybersecurity practices to protect personal and government data in their states.
The number of venture capital deals in India has dropped dramatically over the past two years, falling from 536 in 2015 to only 181 so far this year. Industry experts say the decline is a reaction to an excess of deals two years ago and that this more sustainable model will uncover great entrepreneurs.
Venture capital is increasing in Latin America, and the majority of investments are occurring in Brazil and Mexico, where VC funds have the resources to commit to multimillion-dollar deals. The scarcity of big backers has led Latin American startups to focus more on acquiring customers, remaining adaptable and adopting lean business models, Nathan Lustig writes.
IBM has partnered with the government of Ontario and is contributing roughly $20 million to fund an IBM Innovation Incubator, which will link startups with IBM's cloud and tech resources as well as business mentors and legal counsel. "With a program like this we are trying to make it far easier for them to access, adopt and support the implementation of these very disruptive, emerging technologies like Watson," said Allen Lalonde of IBM Canada.
India's Reliance Industries plans to invest $25 million in the establishment of the Jerusalem Innovation Incubator in Israel, which will focus on areas including artificial intelligence, financial technology and the internet of things.
Shift, an internet-based startup that cuts out dealers and sells used cars directly to consumers, has raised $38 million in a funding round led by BMW i Ventures. The company says the capital will allow it to expand into new geographic areas.
Venture capital firms invested $1.876 billion in 93 biotechnology firms during the second quarter of 2017, according to a report from PricewaterhouseCoopers and CB Insights, following $2.821 billion in VC in the first quarter. "If you look at the total dollars for just the first two quarters, we're on pace for an extremely strong 2017 that has been buoyed by some of these megadeals we saw in Q1 and Q2," said PwC's Greg Vlahos.
Startup leaders have a tremendous capacity to define the culture of their organizations and affect employee performance, writes Kateri Kosta. Become a better leader by asking questions, accepting that mistakes will happen and helping employees adjust to the constantly shifting startup landscape, advises James Bailey of the George Washington University School of Business.
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