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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. Simultaneously, the government is keen on driving technological advancement by investing in emerging technologies. million electric vehicles (EVs) on Malaysian roads by 2040.

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Pangyo Techno Valley: Pioneering Global Urban Air Mobility Solutions

AsiaTechDaily

The 2nd Pangyo Business Support Hub with Drone Enterprise Support Center (Photo = beSUCCESS) In a bid to foster startups and venture companies that will lead the future drone and UAM market, the Korea Institute of Aviation Safety Technology has been operating the Drone Startup Support Center since 2017. trillion in 2040.

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NJEDA Establishes New Jersey Green Bank to Advance Climate Goals

American Entrepreneurship

(April 15, 2024) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state’s efforts to make an equitable transition to 100 percent clean energy.

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

TechCrunch

Other investors SBI Investment, Tokyu Land Corporation, Kushu Electric Power, Seika Corporation, JOIN (Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development) and exiting investor Venture Lab Investment also joined in the round. . trillion by 2040, according to Terra’s IR deck. .

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

TechCrunch

The investment came from the Bill Gates-backed Breakthrough Energy Ventures and the Ecosystem Integrity Fund , which led the company’s latest round, alongside previous investors Amazon Climate Pledge Fund, Horizons Ventures , Shell Ventures and Summa Equity. million cash infusion.

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Sydney-based quantum sensing startup Q-CTRL raises $25M Series B led by Airbus Ventures

TechCrunch

The latest funding will support hiring staff and enable new data-as-a-service markets powered by quantum sensing, founder and CEO of Q-CTRL Michael Biercuk said. It also will continue to invest in developing its quantum control for quantum computing and quantum sensing for acceleration, gravity and magnetic fields, Biercuk added.

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To fix the climate, these 10 investors are betting the house on the ocean

TechCrunch

Just offshore wind alone has the potential to meet global electricity demand by 2040, according to the IEA, which is well in excess of all offshore oil and gas production today. In particular, the philanthropic community is just starting to recognize that there is an urgent need to support efforts to develop ocean-based climate solutions.

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