Startups
Web3 to inject $1.1T in India’s GDP by 2032, following 37x growth since 2020
The global Web3 boom is expected to add $1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups, including CoinDCX, Polygon and CoinSwitch. A recent study from the National Association of Software and Service Companies (NASSCOM), an Indian non-governmental trade association and advocacy group, highlighted India’s position as a leading global player in the Web3 market owing to several factors spanning a large talent pool, high adoption rate and product development for international markets. Snapshot of India’s Web3 startup ecosystem in 2022. Source: NASSCOM The US-India Strategic Partnership Forum (USISPF) estimated that “Web3 can add $1.1 trillion of new economic value to the Indian GDP in the next 10 yea...
How tech can help stimulate micro economies
By Andrew Bourne, Regional Manager, Zoho Technological advancement is fundamental for economic development. The more accessible the tech is for citizens, the more rapidly the local economy can progress. In South Africa, a commitment to embrace the “fourth industrial revolution” has been a fixture of national government rhetoric for several years. At a provincial level, meanwhile, the Western Cape has been able to leverage the “Silicon Cape” tag to build a thriving startup culture and attract international tech companies. But technology can also help stimulate micro economies by making businesses more efficient and productive, assisting entrepreneurs to get off the ground with minimal resources, and empowering communities. Embracing technology at the microeconomic level can help reduce ineq...
Nigerian Healthtech Startup Remedial Health Secures $4.4-Million in Seed Funding
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$100-Billion in Investments Up for Grabs for SA’s Green Energy Startups
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Women in Tech: New Startup Accelerator Launches in Ethiopia
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Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report
The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related. Nonfungible tokens, or NFTs, led the way among sectors where Asian Pacific “emerging giants” were active, followed directly by decentralized finance, also known as DeFi. Electric vehicle charging infrastructure, quantum computing and robotic processing automation rounded out the top five sectors. Blockchain real estate and decentralized autonomous organizations (DAOs) ranked 14th and 15th, respectively, on the sam...
Music Execs Flood to Invest in New Contract Creation Tech
Creative Intell has raised $3 million in seed funding that includes some of music’s top industry veterans for a service that automates how legal contracts are written. As everything from banking to project management has been revolutionized by online platforms, entertainment law remains the domain of Word, Dropbox and email. “This industry is absolutely behind,” says co-founder Steven Ship, who along with co-founder David Fritz of the entertainment law firm Boyarski Fritz is intent on making contracts accessible and understandable for independent musicians and producers while improving the workflow and efficiency of enterprise clients such as law firms. The product is currently in private beta and is expected to roll out to a wider audience this fall. Creative Intell has not revealed its p...
Startup Launches Virtual Community Parliament for South Africans
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African Fintech Funding Forecast to Double in Just 3 Years
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SA Startup Root Teams Up with Andela & Momentum Health
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AlphaCode Awards More than $161,000 to Pandemic-founded Tech Startups
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Talking Africa’s Fintech Explosion with Chipper Cash – ITNA Digital Innovation Podcast EP 3
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