Startup Roundup June 9, 2016


The unsexiest trillion-dollar startup | TechCrunch

Steve Jobs went ballistic when public shipping manifests leaked the existence of the iPhone 3G. That’s about the only time something exciting happened in the freight forwarding business. The circulatory system of the global economy is a trillion-dollar industry, yet no one really talks about it, or builds tech for it. 


Declining VC Funding Hurts Startups Globally, But Hope Remains In Asia – Forbes

In Q1 2016, we saw an overall decline in venture money flowing into startups – an 8% quarter on quarter decline in Q1 2016 from Q4 2015 – and negative headlines consistently seen across the globe. 


Private incubators too may be allowed to certify startups – The Economic Times

The government’s Department of Industrial Policy and Promotion (DIPP) will issue a notification to put in place a framework to enable private incubators certify startups as part of its Startup India plan making them eligible for tax benefits and other facilities, official sources told ET.


Salesforce to Invest $50 Million in Startups, Launch Incubator – WSJ

Salesforce.com will devote a new $50 million investment fund to startups and create an incubator for early-stage cloud startups, Chief Executive Marc Benioff said. 


Hong Kong Has Plenty of Billionaires But No Billion-Dollar Startups – Bloomberg

Luxembourg has a unicorn, and so does the Czech Republic. That puts them ahead of Hong Kong, which doesn’t have a startup valued at $1 billion-plus even though its economy is bigger than those European countries — combined. 


Global Social Entrepreneurship Teams Consult with Social Impact Startups in Ghana | Yale School of Management

This spring, six student teams from the Global Social Entrepreneurship course had the opportunity to act as consultants for Ghanaian social enterprises on a range of projects. 


New breed of engineers turning into teachers at ed-tech startups – The Economic Times

An eighth-grader visiting her grandparents during vacation didn’t trust her maid enough to care for her pet-fish back home. To ensure her fish was fed, the 13-year-old, with some help from facilitators at her school, devised a fish feeder using a pepper bottle attached to a rotating motor. 


Analytics startup Amplitude raises $15M | TechCrunch

In the past, the web and mobile analytics company has pitched itself as a more affordable alternative to Mixpanel. More recently, CEO Spenser Skates said the bigger vision is to make user data available to everyone in a company, not just data scientists. 


Mobility startup movement continues in Detroit this summer

Twelve startups with various missions — ranging from the personalization of self-driving cars to carpool solutions for families — will set up shop in an office at Detroit’s Ford Field as part of the Techstars Mobility, driven by Detroit program. 


ASIC to build fintech start-ups a ‘regulatory sandbox’ to test ideas

The corporate regulator will allow fintech start-ups to test their ideas with real customers for a period of six months without having to hold a financial services licence, under a new “regulatory sandbox” proposed by Treasurer Scott Morrison in the May budget. 

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