The Amman-based early stage and seed investment company, Oasis500, launched a global competition for tech startups who focus on solving urban problems. Named ‘Omraan‘, the competition will award the successful startups with $30,000 worth of investment each, $17,000 of which consists of in-kind services like incubation in partner cities for 6 to 9 months.
Organized in cooperation with New Cities Foundation and the Greater Amman Municipality, the Omraan competition is open to all startups from round the world with new technology ideas that tackle urban challenges. The intention is then to incubate them in Middle Eastern cities.Read More
Startup competition season is on. And we expect it to be pretty hot this year, especially in Europe. With the aftermath of global crisis finally fading and the recent flurry of funding and IPO news, we are encouraged to believe there will be even better ideas that emerge this time around.
Mike Butcher’s The Europas Tech Startup Awards will definitely be one of the foremost platforms where you can enjoy the season and bet on your favourite stars of the near future. The nominations for the awards, which boasts an even more outstanding gang of jury members this year, were opened as of yesterday.Read More
It is widely agreed that brilliant startups from Europe’s smaller countries should consider moving to London or San Francisco for better chances of growth and funding. The reason is quite simple; home markets are so small that catering to a population of a couple of million, maximum, would grow their companies to nothing larger a moderately successful and profitable local bakery. So they need to go global, and to go global, they need to pitch to international players in the VC arena. Thankfully, these VCs and Angels are people who never tire of touring the world to find the next Skype or Spotify to bet their cash on.
This is, presumably, why the LOGIN Tech Conference held every year in Vilnius, Lithuania, has experienced tremendous growth in the number of participants and visitors, most of whom are from the US and West Europe. Last year the conference attracted more than 3,500 visitors who came to listen to 80 speakers and mingle with one another.Read More
It’s one thing when corporates spend big and commercially win through the ‘Internet of Things’ technology. But it means much more when it’s done by governments without an immediate return on the horizon, serving to boost confidence in the industry that they are doing the right thing and are expected to produce meaningful results.
Though not very dramatic compared to some government initiatives, the new £45 million (approx. $75 million) funding unveiled by David Cameron, the PM of the UK, will certainly contribute significantly to the country’s already very dynamic tech startup scene.Read More
European accelerator Startupbootcamp has announced the launch of its new accelerating program which will focus solely on startups that works on financial technologies (fintech). Three-month program is backed by international finance giants like MasterCard, Lloyds Banking Group and Rabobank. New program comes only two weeks after the launch of Starupbootcamp’s Istanbul program that aims to open up accelerator’s network and operations to MENA.
Named ‘Startupbootcamp FinTech‘, the program is open to applications by early-stage businesses from around the world, who focus mostly on financial technologies such as payment systems. Startupbootcamp will select 10 startups for the scheme and provide them with €15,000 cash, mentoring from industry experts and free office space in the Rainmaking Loft at Tower Bridge, London for a period of 3+1 months.Read More
Berlin-based digital media startup accelerator Axel Springer Plug&Play will kick off its third program in March 2014. The Accelerator is currently receiving applications from all over the world for the juicy package that includes €25,000 seed financing, office space in Berlin and most valuable mentorship by the big shots in the ecosystem. The application process will run until the 14th of February.
Axel Springer, a giant media conglomerate located in Berlin, is partnered 50-50 with Sunnyvale-based Plug&Play, a well-established accelerator, investor and tech community with a network consisting of more than 300 startups and 180 investors.Read More
‘Raising awareness’ in the greater Middle East is something often associated with social and political issues. When you look closer, preferably with a focus on business, a relatively tiny yet flourishing startup scene will catch your attention mainly thanks to fresh SMEs’ highly progressive impact on forthcoming generations. Enabling platforms of crowdsourcing has been playing their roles even more effectively, particularly in comparison to voluminous US market.
That’s the driving force behind, as well as the basis of the unfolding power of, Eureeca, a crowdinvesting platform that operates with a special focus on MENA. Shortly after its launch in May 2013, it has become a magnet for Arab region startups and investors equally.Read More
Europe’s largest startup accelerator Startupbootcamp have announced the opening of its Istanbul program with an eventual purpose of expanding to the Middle East and North African markets. The accelerator aims to use Istanbul office as a regional launchpad for startups in MENA.
Istanbul program has now started to accept applications from Turkey and MENA countries, with a deadline of March 31st. Up to 10 startups will be selected to join the 3-month program which is scheduled to start on 2nd of June. The startups coming from outside of Turkey will have to relocate in Istanbul in order to follow the program.Read More