A weekly roundup of startup news
- US technology startups panic over immigration ban – SAN FRANCISCO – Silicon Valley venture capitalist Kate Mitchell said her startup companies have a message for their employees who are foreign nationals: Don’t travel outside the country right now. “Common sense would say, why take the risk?” said Mitchell, co-founder and partner at Scale Venture Partners.
- Bayer expanding its digital health accelerator program to San Francisco – Digital health startups looking to solve the pharma industry’s problems will be heartened to hear that German life sciences company Bayer is bringing its Grants4Apps accelerator program to San Francisco. That announcement came from Dirk Schapeler, head of Bayer’s Lifescience iHub, who was speaking at the Wearable Tech + Digital Health + Neurotech Silicon Valley conference at Stanford University, Tuesday.
- Indian bitcoin startups form blockchain and digital currency association – Leading bitcoin companies in India have come together to set up a new alliance to create an industry body in order to engage with the regulators. The Economic Times reports that Zebpay, Unocoin, Coinsecure and Searchtrade have formed the Blockchain and Virtual Currency Association of India (BVAI) and are moving forward to formally register it. The formation of BVAI follows the recent notice by the country’s central bank, The Reserve Bank of India (RBI), cautioning users when engaging in bitcoin-related activities. The startups met for their first meeting on Friday and discussed the RBI circular among other things.
- Startups from Seattle or the Pacific Northwest will be able to experience benefits of global collaboration: Dev-Pro.net announces the first Synergy Tech Startup Contest
- Meet the ecommerce startup taking on the big alcohol brands – Online craft beer marketplace EeBria CEO David Jackson talks disrupting the alcohol giants, global expansion and Brexit putting a spanner in the works.
- Medical startup benefits from Discovery’s entreprenuerial programme – According to Discovery Health, the increasing burden of disease, innovative treatments and technology, compliance, fraud as well as waste in healthcare, are some of the challenges facing the healthcare industry globally. To find solutions, healthcare organisations are progressively looking at digital resolutions.
- Fintech Valley Vizag launches Fintech Startup Challenge in India – In a bid to make the city of Visakhapatnam the Fintech hub for the country and the world, Andhra Pradesh’s Fintech Valley Vizag has launched the first Fintech innovation challenge for India’s leading broking firm, Angel Broking. As financial services companies are adapting to the transition of India to a digital economy – since the introduction of debit cards, ATMs and e-commerce – they are simultaneously seeking partners to collaborate for financial technology. This challenge is an opportunity for start-ups and individuals to develop a solution to enables real time social profiling of customers in the era of big data.
- Microsoft and Blockchain Startup Tierion Partner on Digital Identity Initiative –In a new release, tech giant Microsoft has announced it will be collaborating with blockchain technology startup Tierion in its decentralized identity initiative. The two companies will be working on a service that aims to link data to the blockchain in order to prove its integrity and existence. Microsoft and Tierion will be working together on a service that manages and validates attestations – bits of identity-signed data that let users sign claims or agreements with their own identities. The companies are exploring how this type of technology will fit into the needs of developers and organizations.