Investors in France have pledged €5 billion to support homegrown tech firms. The move was welcomed by French President Emmanuel Macron who is hoping to turn the country into a global tech leader.
The future is being invented in California, not in Germany. An entrepreneur and a VC who work in both places say the reasons for this are deep-rooted and will be very difficult to overcome — but things are improving.
Big multinationals are increasingly bringing startups in-house or supporting them. Now software giant SAP plans to help out 200 startups founded by women and members of underrepresented minorities worldwide by 2023.
Deep Technology startups — those relying heavily on tech breakthroughs and tangible IP — are on the rise globally. One of them, medtech venture RxAll, has made a handheld scanner that can detect fake drugs in 20 seconds.
The KaiOS is powering some of the world's cheapest, fastest-selling mobile phones, which are helping millions get online, especially in India and Africa. The startup counts a prominent tech titan among its investors.
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