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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

TechCrunch

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Google sets up $50M fund to invest in African startups. We are focusing on investments where we believe that Google could add value,” the managing director said in October.

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Incyte chooses to grow in Delaware with investment in new Wilmington site

American Entrepreneurship

The post Incyte chooses to grow in Delaware with investment in new Wilmington site appeared first on American Entrepreneurship Today®.

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Investing In Distressed Communities. Opportunity Zones

Smart Hustle Magazine

The Tax Cuts and Jobs Act was signed into law in 2017 by POTUS and out of that law came the Opportunity Zones legislation and initiative. Partnerships help bring long-term sustainability including economic development, entrepreneurship, safe neighborhoods, expanded workforce, and education. Opportunity Zones and What They Are.

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Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems

TechCrunch

This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the continent’s early- and growth-stage startups, which the company CEO Sundar Pichai announced last October. The fund is part of Google’s plan to invest $1 billion in “tech-led initiatives” over the next five years.

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New Startup Accelerator for Battery Innovation Accepting Applications

American Entrepreneurship

The cluster was federally designated as a battery innovation Tech Hub by the Economic Development Administration (EDA) in support of New York State’s commitment to pioneer critical energy storage technologies. The Binghamton region is internationally recognized for its expertise in energy storage. The program will begin April 14, 2024.

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Finding Founder-Market-Geography Fit

Revolution

In 2017, we partnered with iconic leaders in American business to turn the thesis we developed on the road — that great companies can start and scale anywhere when given a chance — into an investment vehicle. In the last decade, we’ve socialized several Rise of the Rest-isms to describe investments that check those boxes.

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How To Grow Your Economy. Build It, Don’t Buy It!

Ecosystem Builder Hub

And yet, our economic policies espoused by governments and traditional economic development approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economic development. Startups are key to economic dynamism and strong economic growth.