article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

American Entrepreneurship

This is another step towards achieving 11GW of offshore wind by 2040 while creating a better future for the next generation.” The provision of wraparound services including transportation, career coaching, and other supports is a core component of the awarded programs to expand access and address barriers to entry.

board 40
article thumbnail

NJEDA Establishes New Jersey Green Bank to Advance Climate Goals

American Entrepreneurship

The Murphy Administration has taken significant steps to meet the ongoing challenges of climate change and has set several clean energy targets, including 100 percent clean electricity by 2035,11 gigawatts of offshore wind power by 2040, and 50 percent economy-wide greenhouse gas emissions reduction by 2030.

energy 52
article thumbnail

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

TechCrunch

Additionally, the startup says its proceeds will be used to support autonomous beyond visual line of sight technology for drone and air taxi operations through its uncrewed aircraft system traffic management solutions and strengthen the development of Terra’s UAM services. . trillion by 2040, according to Terra’s IR deck. .

article thumbnail

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. The quantum computing industry is estimated to be worth more than $850 billion in annual value by 2040, according to a report by Boston Consulting Group.

article thumbnail

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

TechCrunch

For corporate investors like Amazon that have committed to decarbonize by 2040, the innovations and industry adoption can’t happen quickly enough.