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NSW’s MVP Ventures Program and IGP Grants Open for Application

AsiaTechDaily

Register Applications are now open for the 2023/24 MVP Ventures Program , a state initiative in New South Wales (NSW) designed to provide grants to early-stage startups and small to medium enterprises (SMEs) driving the commercialization of innovative products or processes.

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Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

TechCrunch

As part of the retail giant’s self-proclaimed mission to better address underrepresentation and technology inequities, the company announced today that it is investing up to $10 million in Brown Venture Group. billion with BIPOC and diverse businesses by 2025. Black and Latin communities were the recipients of just 2.6%

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Prefabs sprout: How Modulous helps housing developers build modular homes without factories

TechCrunch

startup that makes it easier for housing developers, architects and construction firms to configure and design modular homes to address the ongoing housing crisis , has raised £10 million ($11.7 billion people by 2025 , as house-price growth continues to outpace income growth. Modulous , a U.K. million) in a series A round of funding.

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Mage aims to be the ‘Stripe for AI;’ raises $6.3M for developer tools to build AI into apps

TechCrunch

Mage , developing an artificial intelligence tool for product developers to build and integrate AI into apps, brought in $6.3 million in seed funding led by Gradient Ventures. We are like Stripe for AI, making it easier for developers to put AI into apps.”. Don’t hate on low-code and no-code.

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Galileo emerges from stealth to streamline AI model development

TechCrunch

After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023 — and debugging an algorithm gone wrong threatens to inflate the development budget. million in total venture capital. With Galileo, which today emerged from stealth with $5.1

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Allocate banks $5M to open up venture capital fund access

TechCrunch

The world of venture capital investing is a relatively small one, and relationship-based to boot. The company, founded by Samir Kaji and Hana Yang in February 2021, is developing an approach to venture capital fund investing that provides a way for investors of any size to participate. Enter Allocate.

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Modular closes $30 million seed round to simplify the process of developing AI systems

TechCrunch

But if you ask the co-founders of Modular , a startup emerging from stealth today, the software used to develop it is “monolithic,” fractured into silos piled with layers of complexity. “Modular’s main competition is the mindset that dominates AI software development within Big Tech, and Big Tech itself,” Lattner said.