Roundup of news and ideas from the world of startups – Week ending 11th Feb 2018
News you can use
Tip – Startups are small-businesses, and liable for their commitments – On myDigitalStartup.net, we continue to post tips and ideas for startups, and perhaps the most relevant lesson from all entrepreneurs is simple: founders need to think of their startup as a small business. A couple of recent articles highlight what NOT to do when the startup or business model goes south
Startup idea: Develop Internet of Things (IoT) on Mozilla – Startups and entrepreneurs looking to develop IoT solutions will find the recent announcement from Mozilla interesting.
US regulators are struggling to rein in illegal cryptocurrency offerings – Does this spell an opportunity for innovative startups?
Self-Driving Car Startup Nuro Focused On Delivery Vehicles – A new self-driving car startup — this one focused on local delivery vehicles, and founded by former Google/Waymo engineers — named Nuro has now come out of stealth mode.
Singapore’s Vouch launches car insurance with No-Claim Rebate cash back – SINGAPORE-based startup, Vouch Insurtech, has launched Singapore’s first car insurance “No-Claim Rebate” (NCR) feature. Three insurance companies – NTUC Income, Sompo Insurance Singapore and Tokio Marine Insurance Singapore – have partnered with Vouch Insurtech (Vouch), to offer customers up to 15% cash back on annual premiums, in addition to existing No-Claim Discounts (NCD). Through its digital platform, Vouch is set to disrupt the car insurance industry, a sector that has experienced little change in the past several decades.
US Embassy Launches Nexus Startup Hub In New Delhi – The US Embassy announced the launch of Nexus Startup Hub at the American Centre in New Delhi. Its aim is to support a dynamic ecosystem for innovative Indian startups by sharing best practices in business and entrepreneurship and in incubation.
Walmart continues digital push, acquires virtual reality startup Spatialand – Walmart continues its thrust beyond brick-and-mortar into digital space and the startup Spatialand announnced that it was being acquired by Walmart’s digital arm, Store No 8. Store No 8 is an innovation hub formed by the world’s largest retailer. It is designed to be a stand-alone entity and an innovation ecosystem where “new ideas can thrive outside the existing definitions of retail.”
Startup shut and failed last week
Social media startup for Home Cooking, Josephine, Shuts Down – Charley Wang, the “chief empathy officer” of Josephine announced this in a Medium blog post adding that the last date for meals will be Friday, March 30th 2018