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Malaysia’s Mosti Prioritizes Tech Innovation and Startup Ecosystem in its Annual Budget

AsiaTechDaily

The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly in nurturing startups. million electric vehicles (EVs) on Malaysian roads by 2040. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals.

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Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

TechCrunch

“Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development,” said Terra Drone CEO and founder Toru Tokushige , who is also serving as the CEO of Terra Motors, which develops electric vehicles. trillion by 2040, according to Terra’s IR deck. .

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TechCrunch: Where top VCs are investing in construction robotics

Dream It

Of the sub-verticals in construction that tend to cost the most (structural support like concrete and steel or mechanical and plumbing), not many can be automated because of the complexity of the task. We have also staffed our URBAN-X accelerator program with dedicated experts to provide software and hardware support.

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ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund

TechCrunch

ZeroAvia is now developing and testing the certification-ready ZA-600 powertrain, which can fly a 10 to 20-seat aircraft up to 500 miles, the company said. For corporate investors like Amazon that have committed to decarbonize by 2040, the innovations and industry adoption can’t happen quickly enough.

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Nearly $4M in Grants to Support Offshore Wind Workforce Training Approved by NJEDA Board

American Entrepreneurship

June 21, 2023) – In May , the New Jersey Economic Development Authority (NJEDA) Board approved five grant applications totaling more than $3.7 million under the Authority’s Offshore Wind Workforce and Skills Development Grant Challenge (Grant Challenge). TRENTON, N.J.

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Decentralizing the Electric Grid

Andreessen Horowitz

Currently, we face a critical challenge: our electricity demands — expected to nearly double by 2040 due to factors like AI compute, reshoring , and “electrification” — are soaring, but our grid infrastructure and operations struggle to keep pace. There are proposed reforms to help alleviate this development backlog.

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Newsletter: Securing water against cyberattack

OurCrowd

Hailo, Lanner Partner to Support AI Applications at the Edge. This $5M Series A-1 round is being led by Israeli VC firm HIVE 2040 at a pre-money valuation of $11M. Hailo, Lanner Partner to Support AI Applications at the Edge. See some opportunities below: BI Developer for Zebra Medical Vision (Israel). seed round.