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Gyeonggi-do Aims to Create 20 Business Clusters and Support 3,000 Startup Companies

AsiaTechDaily

Register The Gyeonggi provincial government announced that it plans to create a total of 660,000 square meters of startup business space in more than 20 regions, centered around Pangyo Techno Valley, and support 3,000 startup companies by 2026. More than 2,000 startups will be provided with free or low-cost workspace.

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Venture studio Adanian Labs fuels startup growth in Africa

TechCrunch

In February 2020, as the world was shutting down, and as businesses downsized on account of the Covid pandemic, John Kamara was busy establishing another new startup Adanian Labs in Nairobi, Kenya’s capital. We stay the course with startups and make sure they become successful businesses — We de-risk them from failure,” said Kiwia.

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Digital Open Lab: Bridging Startups with AI & ICT Technologies in Pangyo Techno Valley

AsiaTechDaily

Register The Digital Open Lab , an epicenter for digital innovation, is the cornerstone for startups diving into artificial intelligence and ICT. Located within Pangyo Techno Valley, it is the foundation for startups aiming at global reach. billion won from Gyeonggi Province, matched from 2021 to 2025. from 2023 to 2030.

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China’s work automation startup Laiye raises $160M, acquires France’s Mindsay

TechCrunch

An ambitious Chinese startup wants a slice of the flourishing global work automation market. Guanchun Wang, Laiye’s founder and CEO, saw the “value of artificial intelligence” in the years he worked at Baidu’s smart speaker department after his film discovery startup was sold to the Chinese search engine giant.

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Australia’s Avarni raises $3m to speed up decarbonization efforts

AsiaTechDaily

Register Australian carbon management startup Avarni raised $3 million to streamline the future of carbon management in a funding round led by deep tech venture firm Main Sequence. Avarni’s traction with some of the world’s largest consultancies and their clients put them in a great position to help decarbonize the planet, Zimmerman added.

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Pangyo Techno Valley: Korea’s Prime Innovation Cluster Bolstered by Local Governmental Support

AsiaTechDaily

Robust Support for Scaling Startups: Local Task Forces in Action Seongnam City initiated a task force in 2012, tailoring support schemes that resonate with Pangyo Techno Valley companies’ requirements. These businesses benefit from office spaces, mentorship, and IR consulting to help them expand globally.

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McKinsey, eyeing the MLOps space, buys Tel Aviv-based Iguazio

TechCrunch

The consulting giant reportedly paid around $50 million for Iguazio, a Tel Aviv-based company offering an MLOps platform for large-scale businesses — “MLOps” referring to a set of tools to deploy and maintain machine learning models in production. TechCrunch previously reported that the startup was valued at $100 million.