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Hitconsultant
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Aware Health Secures $3M for Value-Based Musculoskeletal Solution
- Aware Health, a value-based musculoskeletal solutions company, has raised $3 million in a seed funding round led by Boomerang Ventures.
- The funding will support Aware Health's mission to provide accurate diagnoses and modern care for orthopedic issues, reducing healthcare costs for self-insured employers.
- The company offers on-demand musculoskeletal management and employs proprietary algorithms for virtual diagnosis, leading to a 59% reduction in orthopedic healthcare claims.
- With the new funding, Aware Health plans to expand its services to mid- to large-sized companies in the U.S. to meet the growing demand for accessible and effective MSK care.
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TechCrunch
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Announcing True Anomaly, Slingshot Aerospace, and Space Workforce 2030 at TechCrunch Disrupt 2024
- Even Rogers, CEO and co-founder of True Anomaly; Tim Solms, CEO of Slingshot Aerospace; and Mel Stricklan, executive director at Space Workforce 2030 will discuss the opportunities and challenges for startups in the government and defense sectors at TechCrunch Disrupt 2024.
- The speakers will share strategies for navigating government procurement, building relationships across public and private sectors, and fostering innovation in the dual-use market.
- Even Rogers will discuss how True Anomaly leverages domain expertise and product development excellence in space defense solutions.
- Tim Solms will share his experience in aligning company strategy with the needs of government customers and positioning startups against larger competitors.
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The Robot Report
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Pittsburgh Robotics Network partners with NVIDIA to accelerate ecosystem growth
- The Pittsburgh Robotics Network is partnering with NVIDIA to foster innovation and enhance connections in the robotics community.
- NVIDIA will offer its accelerated computing and AI platforms to accelerate the development of robotics technologies in Pittsburgh.
- NVIDIA has launched its inaugural AI Tech Community in Pittsburgh and plans to establish joint technology centers at Carnegie Mellon University (CMU) and the University of Pittsburgh (Pitt) to provide access to cutting-edge AI technologies.
- The Pittsburgh Robotics Network welcomes the collaboration with NVIDIA to support the growth of the regional robotics ecosystem.
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Economic Times
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IPO-bound Swiggy grants $271 million Esops to founder Sriharsha Majety, top management
- Swiggy granted employee stock options worth $271 million to its founders and senior management under its latest stock-based compensation plan, pre-listing prospectus showed.
- Nearly $200 million of this stock has been granted to the company’s founder and CEO, Sriharsha Majety.
- Between July and September, Majety and Swiggy co-founder Nandan Reddy sold shares of Swiggy through secondary transactions.
- Swiggy’s senior management granted with the options have a vesting period of one to eight years from the date of grant.
- The company particularly offers extra stock options to founders and senior management as incentives before they go for an IPO.
- Swiggy has made regulatory filings for its $1.25-billion IPO with the Securities and Exchange Board of India in April under the regulator’s confidential filing route.
- The company filed an updated draft prospectus in September after receiving approval from SEBI.
- Swiggy’s biggest shareholder- Prosus, along with Norwest Venture Partners, Elevation Capital, Accel, Coatue, and Alpha Wave Global-are some of the top Swiggy investors set to participate in the OFS component of the issue.
- Swiggy’s rival, Zomato awarded its founder Deepinder Goyal with stock-based compensation worth nearly $376 million in 2021.
- Paytm parent One 97 Communications had also granted Esops to its founder and CEO Vijay Shekhar Sharma back in 2021 prior to the fintech company’s IPO.
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Medium
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WHY I’M WRONG: DC IS NOT THE NEXT BIG TECH HUB
- Peter Thiel believes that DC will never become a Tier 1 city for tech as it is primarily a government-centric town.
- Thiel argues that DC lacks the talent density necessary for real innovation in the tech industry.
- However, DC's proximity to regulators gives it a unique advantage, especially as tech industries face increasing regulation.
- The author disagrees with Thiel and believes that DC could still become a Tier 1 tech city in the next 5 to 10 years.
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Hackernoon
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Startups of the Year 2024: 8,350 Startups Nominated in the Consumer Goods Industry
- HackerNoon announces nominees for its annual 'Startups of The Year' award in the Consumer Goods industry.
- The list features 30 startups driving innovation and making significant contributions.
- Nominations and voting for the best startups are open until March 31st, 2025.
- Nominees receive validation, free interviews, and exposure from HackerNoon.
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Npengage
1M
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How to Engage Board Members in Fundraising
- Less than 40% of nonprofit CEOs say their boards actively fundraise.
- Creating a joyful fundraising culture helps engage board members.
- Present a clear strategy and train board members to become confident fundraisers.
- The best way to motivate members is by giving them easy wins.
- Tailor goals and steps according to the skillset and demographics of each board member.
- Technology can help keep track of progress in achieving fundraising goals.
- Board members often have large networks of contacts, and their participation can greatly benefit a fundraising campaign.
- Leadership can be motivated to support the culture of board fundraising by highlighting the costly and time-consuming nature of donor acquisition.
- Fundraising is not one-size-fits-all; varying methods are well-suited for each board member.
- A little encouragement, training, and goal setting can help boards to actively fundraise and contribute to making your mission happen.
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TechCrunch
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Alaska Airlines’ venture lab spins out its first startup: Odysee
- Odysee, the first startup to emerge from Alaska Airlines' venture lab, has raised $5 million in a pre-seed round led by UP.Partners.
- Odysee aims to help commercial airlines optimize their flight schedules by analyzing real-time data and making revenue predictions.
- The software developed by Odysee can run simulations to quantify the impact of schedule changes on revenue, profits, and reliability.
- After conducting user acceptance testing with Alaska Airlines, Odysee expects to begin a trial of its software by the end of October.
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ISN
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Agritech startup Arya.ag aims to transform 200 farmer producer organisations into smart institutions
- Arya.ag has launched an initiative to transform 200 Farmer Producer Organisations (FPOs) into Smart Institutions.
- The initiative aims to empower FPOs by leveraging technology, promoting sustainable farming practices, and building climate-resilient value chains.
- Arya.ag will provide FPOs with access to technologies, training, and support to enhance their capabilities and drive sustainable growth.
- The initiative has received support from government agencies, development organizations, and corporate partners in the agriculture sector.
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Startupnation
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12 Mistakes to Avoid When Applying for an SBA Loan
- Underestimate funding needs at your peril, warn entrepreneurs.
- Prepare financial documents comprehensively and accurately.
- Provide verification of relevant industry experience.
- Seek professional application assistance due to the complexity of the process.
- Ensure accuracy and detail every document and component of collateral.
- Detail marketing strategies with specifics and outlined goals.
- Project revenue growth realistically and with justifiable evidence.
- Understand and recognize the importance of the customer base.
- Include customer testimonials to showcase a human side of the business.
- Itemize collateral details to demonstrate its worth more effectively.
- Craft a comprehensive business plan with a clear strategy and vision.
- Be realistic about user acquisition, and ensure accuracy of projections.
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Economic Times
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Companies lag on worker rights: survey
- According to a survey released on Tuesday, many companies are failing to provide fair working conditions for labourers.
- Out of the 11 companies assessed, only four achieved a score of 6 out of 10.
- The evaluation, conducted by Fairwork, focuses on fair pay, fair conditions, fair contracts, fair management, and fair representation.
- Ola, Porter, and Uber received zero out of 10 across all five principles.
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Startup Pedia
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Deepinder Goyal aims taking Co. to No. 1 place in Events & Ticketing
- Zomato aims to surpass BookMyShow and become the number one player in the events and ticketing industry.
- With the acquisition of Paytm Insider, Zomato is positioning itself for market domination.
- Zomato has a substantial cash reserve of over Rs 12,500 crore ($1.5 billion) to fuel its expansion plans.
- The company expects the gross order value of its going-out business to surpass Rs 10,000 crore by the end of FY26.
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SteveBlank
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How Saboteurs Threaten Innovation–and What to Do About It
- Incumbent suppliers and existing contractors want to kill these new entrants.
- Founders and innovators should expect that existing organizations and companies will defend their turf ferociously.
- Incumbents use a variety of ways to sabotage and kill innovative ideas inside of organizations and outside new companies.
- Innovators need to be better prepared about all the possible ways incumbents sabotage innovation.
- Common ways incumbents kill innovation in both commercial markets and government agencies.
- If possible, communicate and differentiate your innovation as incremental innovation.
- Patent strategy: Build a defensive patent portfolio and strategy? And consider an offensive one, buying patents you think incumbents may infringe.
- When you get scale and raise a large financing round, take the battle to the incumbents.
- Figure out an “under the radar” strategy that doesn’t attract incumbents’ lawsuits, regulations or laws when you have limited resources to fight back.
- Map the order of battle. Understand how the money flows and who controls budget, headcount and organizational design.
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Inc42
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Exclusive: BeepKart Fires 130 Employees In 5 Months To Cut Costs, Halves Store Count
- Bengaluru-based used two-wheeler marketplace BeepKart fired around 130 employees in three rounds of layoffs in the last five months as part of a cost-cutting exercise amid a funding crunch.
- The most recent restructuring exercise was undertaken in the last week of September, in which the startup let go of around 60-70 employees from its Bengaluru and Chennai offices and stores.
- BeepKart laid off around 40% of its employees in the last five months
- Additionally, the startup closed six out of its 11 stores across Bengaluru and Chennai to reduce costs.
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Yourstory
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Amul’s Bold Expansion into Europe After US Success
- Amul, the Indian dairy giant, is set to enter the European market after its successful entry into the US.
- Amul's focus on high-quality, organic products and its cooperative model give it an edge in the competitive European dairy market.
- With a strong supply chain and a turnover of ₹80,000 crore, Amul is well-positioned for international expansion.
- Amul's European venture aims to showcase India's dairy prowess and tap into consumer consciousness for sustainable and health-conscious choices.
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