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IIF: UAE economy to grow faster untill 2024. UAE GDP to grow 2.3% in 2021, 3.0% in 2022, 3.4% in 2023 and 3.5% in 2024.
Google’s AI-focused venture fund leads $5.4M investment for Seattle analytics startup Iteratively.
MediBuddy raises $40 million in Series B funding, while announcing its merger with online doctor consultation startup DocsApp.
InnerHour raises $5.2 million led by Lightbox, it will use this funding to scale its technology-led mental health platform
MPL moves closer to becoming gaming unicorn with $95 million funding, plans to use the new funds to expand its overseas business in 2021.
Vested Finance raised $ 3.6 million in seed funding to facilitate Indian investors’ entry to invest in US markets.
Robinhood raises $1 billion lifeline from investors to meet regulatory requirements
Jessica Alba’s clean-living subscription startup, The Honest Co., confidentially files for a $2 billion IPO.
The Honest Company, a baby and beauty products startup co-founded by actress Jessica Alba, is reportedly seeking to raise $2 billion in an initial public offering (IPO), according to a report from Bloomberg BNN.
CDC issues new mask mandate: Double masks now required for travelers on all U.S. public transportation effective February 1; threatens ‘enforcement through criminal penalties’.
Qualtrics, a survey software startup acquired by SAP for $8 billion, pops 51% on IPO debut; now valued at $27.3 billion.
Today in history: Apple Macintosh becomes the first commercial computer to popularize computer mouse and graphical user interface on Jan. 22, 1984.
Netflix-for-finance-learning startup Finance Unlocked raises $2.39 million for its video learning platform for the finance industry.
The global eyewear market, which is made up of spectacles, contact lenses, sunglasses, and other eyewear products, was estimated to be valued at $147.60 billion in 2020.
New York-based GlassesUSA.com raises $45M funding to support the $147 billion global eyewear industry.
Crosslink launches $350M fund to back early-stage startup founders.
Elon Musk’s SpaceX now wants to drill for natural gas in Texas.
Elon Musk is donating $100 million towards a prize for best carbon capture technology; a key effort to fight climate change.
The Israeli tech industry continued its rapid pace of investment despite the COVID-19 pandemic, reaching $ 9.9 billion in 578 deals in 2020.
These annual figures align with the growth trends observed in previous years, beating 2019 results with 27% in equity and 14% in several deals.
Megadeals in Israeli technology (more than $ 100 million) became commonplace in 2020 and made up nearly a third of the total amount.
However, despite the number of these massive deals, deals did not witness a significant increase in 2020. The rise in capital compared to 2019 was evident in the increase in the average mega deals in dollars.
Central Bank of Israel to buy $30 billion in forex in 2021 to curb shekel rise.
Israeli fintech company Rapyd raises $300m.
Instant COVID-19 breath test as precise as swab test, Scentech Medical Israeli company says, and awaiting FDA approval for test with 98% accuracy.
VComply raises $6 million in Series A from Counterpart Ventures and Accel.
Unacademy became a unicorn, made five acquisitions and raised three rounds of funding – all in 2020.
Tiger Global, others buy $50 million shares in Unacademy in secondary transition.
N+1 Capital’s maiden fund to invest $100 million in startups.
US startups raise their record investment in 2020 for the fourth quarter to $ 156.2 billion.
Seattle biotech startup AltPep raises $23.1M to tackle Alzheimer’s and related diseases.
UAE Covid vaccine: Over 1 million doses administered. The health authorities in the country aim to vaccinate over 50 per cent of its residents in the first quarter of this year.
Israel’s IMCO to participate at IDEX Abu Dhabi, showcase UAVs and other complex defense solutions.
With multi-center clinical trials in Israel, US and UK, Israeli startup OncoHost hopes to launch life-saving test kit in 2021.
An Israeli university that invented a spit test for the coronavirus has rolled it out for regular use by staff and students, in a bid to drive down virus cases on campus.
Israel’s Biond Biologics to get $125 million from Sanofi to develop cancer drug.
Facebook-owned messaging app denies new terms of service will make it less secure: ‘We can’t see your private messages or hear your calls’.
In India, Between January 6 and 10, Signal has racked up 2.3 Mn downloads while Telegram had 1.5 Mn new downloads during the same period, as WhatsApp Falls.
Spectrum Effect raises $9.5M for machine learning tech that helps mobile operators avoid interference.
Former Zulily execs raise $150M for new firm that buys and supercharges e-commerce businesses.
Mailchimp acquires Chatitive, a B2B messaging startup and Madrona Venture Labs spinout.
Udaan raises $280 mn from new and existing investors, valuing the e-commerce B2B firm at $2.5-2.8 billion.
Israel earmarks NIS 80 million to help early-stage startups by granting of up to 50% of seed funding round.
Jumbotail raises $14.2 million, completing its $25 million fund raise.
More than 2 billion WhatsApp users will have until February 8th to agree to share data with Facebook if they want to continue using the app.
Israel sees trade with UAE at $4 billion a year.
Warburg invests $100 mn in boAt. The funds will be used by the four-year-old company to boost its research and development capability, expand its product portfolio.
Seattle startup Yesler raises $3.3M for its B2B lumber and building materials marketplace.
NextStep, a Seattle startup which uses its technology platform to retrain displaced workers for roles in the healthcare industry, has raised $2.5 million in new funding.
Omnivor raises $2.7M as pandemic spurs interest in holographic media from Nike, T-Mobile, others.
The UAE Central Bank said the economy is expected to grow by 2.5% in 2021.
Disputes mediation platform Immediation has raised $3.75 million in Series A funding, after COVID-19 led to a tech overhaul of the legal system and 1000% growth.
Paul Bassat’s Square Peg Ventures has closed its $600 million fourth fund, bringing its total committed capital to a whopping $1.4 billion for investment into Aussie, and global, startups.
Neo bank startup Oxygen raises $17M Series A funding to offer flexible banking solutions for small businesses.
Sheikh Mohammed Bin Rashid, hails ‘stellar success’ of UAE economy in overcoming challenges of 2020.
UAE businesses see profitability returning to pre-coronavirus levels by 2022. Positive outlook is driven by the UAE’s coronavirus response and business-friendly reforms, says HSBC.
UK partnership will help drive post-pandemic recovery, says UAE Minister of Economy, in healthcare, education, financial services and AI as potential areas for trade development.
Perth-based energy tech startup Gridcogniton has recently closed a $675k pre-seed investment round with some of Australia’s leading tech and clean energy investors…
Chemmannur International is the first Indian company to seek approval for 100% ownership in Emirati projects after changing foreign ownership regulations.
UAE’s Minister of Economy says new foreign ownership rules aim to create 700,000 companies by 2030.
Madrona Venture Group has raised more than $500 million in fresh capital that the 25-year-old Seattle venture capital firm will use to bankroll both early and later-stage startups.
Israeli water tech sees opportunities in the United Arab Emirates.
Indonesian fisherman caught a Chinese underwater spy drone on a possible covert mission.
Tesla delivers nearly 500,000 vehicles in 2020, a 36% increase over the previous year.
Crypto investors open to investing 50% of their savings into cryptocurrencies, a new survey shows.
Elon Musk’s SpaceX to bring Starlink fast satellite internet to Greece by April.
IDEMIA is seeking to pilot the next generation biometric card technology as a reference for contactless payments in India through a partnership agreement with ZWIPE.
M&A deals plunge in Israel as pandemic sidelines foreign investors, and Value of deals drops by 50% to $10 billion.
Pfizer, Amazon and AstraZeneca selected to promote biotech startups in Israel.
Israeli Bazan Group embarks on $3.7 million project to advance hydrogen-fueled vehicles.
Online trading platform eToro reportedly planning IPO at $5b valuation.
The Israeli shipping company Zim reportedly plans to raise up to $500 million at the end of January, at a company valuation of $1.5 billion.
China-based online learning app Zuoyebang announced that it has raised $1.6 billion in a Series E+ funding round, bringing total known investment to date to around $2.9 billion.
The Washington-based Woodinville Corporation raised $ 17 million to expand and develop charging of lithium-ion battery optimization technology.
Seattle-based Bloccelerate raises $12M for first fund to invest in blockchain startups.
NASA receives response from Voyager 1 spacecraft 13 billion miles away after 37 years of inactivity.
Healthtech startup DXY raises $500 million for China’s leading online healthcare platform.
SpaceX’s rival Viasat says SpaceX’s Starlink 3000 satellites pose environmental hazards in space and on Earth; petitioned the FCC to perform environmental review.
Bitcoin is reaching the most extensive record in its history, exceeding the $ 26,500 mark, and the rise continues.
Startups eye new offerings to fuel EV strategy adopted by mobility companies to pursue green vehicle technologies to bring down capital and operating expenditure, and reduce their carbon footprint.
On Friday, food delivery platform Zomato announced the closing of a $660-million primary financing round at a post-money valuation of $3.9 billion.
Alphabet’s Google and Microsoft joined an investment round of more than $100 million in VerSe Innovation Pvt, maker of India’s Josh short-video app.
Slurrp Farm raises $2 million from Fireside Ventures to expand the product portfolio and increase marketing.
More than 50,000 Israelis visited Dubai as economic ties between the UAE and Israel grew rapidly.
Arbe Robotics has revolutionized the ultra-accurate radar system, providing perfect visibility into cars and the system recognizing objects and people at a distance of up to 300 meters.
Content discovery firm Outbrain is seeking to hold an initial public offering of shares on Wall Street at a $2 billion valuation after a merger deal with a competitor Taboola fell through.
Israel’s Limaca Medical says it has developed a medical device to perform endoscopic ultrasound-guided biopsies with ‘ten times’ greater procedural efficiency.
Toyota beats Tesla to become the first company to develop electric car with solid-state battery; plans to unveil game-changing EV prototype in 2021.
UV LED lights kill 99.9% of coronavirus in 30 seconds, Israeli researchers found.
People who made antibodies to fight COVID-19 are much less likely to test positive again for up to six months and maybe longer, 2 new studies show.
The first Israeli hospital to provide medical services in Dubai: Al Tadawi Healthcare Group in Dubai has partnered with Sheba Medical Center in Israel to provide a new set of advanced healthcare services.
The two export credit agencies of Israel and the United Arab Emirates signed a cooperation agreement to strengthen economic and trade relations between the two countries, jointly supporting an increase in exports, trade, and investment.
The UAE is hosting an international dialogue that includes Bahrain, Israel, and the United States to support regional energy and promote peace and stability in the region by promoting economic growth in the energy sector and intensifying joint efforts to find solutions to energy challenges.
An Emirati-Israeli commercial consortium buys British payments company Finablr after it ran into financial difficulties.
In a year full of anxiety, Seattle-based startup Freespira raised $ 10 million to support its efforts to develop and deploy technology that reduces panic attacks and post-traumatic stress disorder.
Portland startup Koan raised $1 million for the OKR collaboration software platform and acquired Horrible Design Co to help support growth.
Seattle’s Pure Watercraft raises additional $14M to power its plans for electric boat motors.
After huge growth in 2020, Seattle startup Rec Room raises $20M to expand virtual hangout game.
The Genesis Prize is awarded to 10 Israeli high-tech companies that help fight COVID-19.
Despite the Corona pandemic, the Tel Aviv Stock Exchange has attracted the most initial public offerings since 2007. Of the 27 companies that have listed their shares on the stock exchange this year, 19 are technology.
The shekel rose to its highest level in 12 years against the US dollar and reached a price of 3.2265 shekels per dollar.
US-Israel fund to invest $7.15 million in eight clean-energy projects Fast-charging batteries, next-gen heat devices, eco-friendly concrete.
Israel’s Moon Active, the developer of Coin Master, acquires Melsoft in a deal valued at over $100 million.
The real estate market in Dubai is looking to recover with the search for Israeli investors.
Israeli researchers at the Weizmann Institute have discovered new peptides that can help eliminate cancer.
UCT buys Israeli company Ham-Let for $ 348 million and triples its investment in a developer of industrial control and flow systems for semiconductor production.
Microsoft said that dozens of its customers, including firms in Israel and the United Arab Emirates, were targeted as part of the massive cyber-assault on US government institutions.
An Israeli study showed that general anti-fat drugs might eliminate the severity of Covid-19, and the fantastic results revealed by the Hebrew University team.
Avi Lieberman is setting up a startup that wants to revive phone calls to talk to friends and make new friends.
US-based startup Superpedestrian, raise a record $9.93 billion in 2020.
Israeli tech firms raise record $9.93 billion in 2020 but M&A deals plunge.

The most critical factors for successful startups: business ideas and investment projects

Successful startups – The growth and success of startups require time, talent, and a strong work spirit. It is also well known in the business community that most of the startups backed by large companies have long-term activity in their fields.

Although it is understandable why some people want to start a successful startup, the idea behind any business that may succeed or fail is driven by a complex and diverse set of factors, decisions, and circumstances.

Successful startups – Put the product on the market when it’s ready to take your offer

There are two main reasons for the emergence of great ideas (startups) that are perhaps less important to entrepreneurship’s success than most people think. The first reason is that the concept itself doesn’t tell you anything about running the company. The second reason is ideas and time cannot be separated from each other regarding entrepreneurship and startups.

The mobile applications and smart devices that are developing and spreading at breakneck speed illustrate this phenomenon. The taxis concept has been around for a long time, but there are many drawbacks to implementing the service. In many cities, it is either too expensive or not available. It is not a reliable means of transportation for people who need it regularly when faced with certain conditions. The possibility of customer complaints naturally increases, and it has become clear that the traditional taxi industry has already been brought to the table for its development. Or to be competing with companies that have provided services and innovations related to this field for years.

While the idea behind providing services in a digital environment is innovative, the timing was not right until recently. This is because the technology that makes the economic process viable is relatively new and because people are now facing the possibilities that the digital economy has created.

The launch’s timing or date is vital to the success or failure of a startup. A study of 200 startups found that concurrency was the essential success factor for 42% of them. However, ideas can be powerful even when the launch time is not right. But when you combine the two, you have the power to create a startup that revolutionizes the market and makes a significant impact in the long run.

Successful startups – the right staff to make your vision possible

You must realize how important it is to hire the best people in the industry. You will need employees to grow and improve your company, and the people you choose to partner with on this journey will significantly influence the organization’s culture, values, and performance. Not everyone can be hired right away, even if they meet the minimum requirements you or your HR manager require.

While employees will influence implementing the vision you have, it will remain your vision until the end. This means that when you hire team members, you need to look for people who demonstrate a clear understanding of the vision you share with them and who have concrete ideas that will help you achieve it.

This is why you need to find employees specific to your preferences and a good enough recruitment profile. You need to be surrounded by people who know your business’s purpose, your customers, and how to make your vision come true in the fastest time and with the best results. This is a method that guarantees guaranteed success in hiring the right people for startups.

Trust is crucial. Without it, you will never make smart decisions. When someone gives you a reason not to trust him during the hiring process, it’s a good idea to thank him for his time and let him leave. Even if you take a lot of risks doing so. The potential benefits don’t outweigh the risks. Or watch and analyze what is happening, then change your behavior based on the results. You will notice that many aspects of this employee will change how they relate to the organization/startup.

Adaptability is also vital. Why? Because working in startups requires dynamism among the members of the company. When a member of the startup team has a meaningful conversation with a customer, you want to be sure that he will be able to assess the situation correctly and respond quickly to the customer’s request. This gives an extra boost to your startup.

Suppose you want to surround yourself with people who share your values. This doesn’t mean they have to be exactly like you. Hire a diverse team of colleagues who have experienced differently from yours. It can be great for the foundation. But it would be best if you found common ground when it comes to strategies. Misunderstanding will happen, of course, and when it does, you want to have people who respect and act in the spirit of the organization’s common goals.

While delegation is a vital skill for startup founders, recruitment is an area in which you need to insist on direct participation, especially in the early stages of a company’s life. Take an active part in all hiring decisions until you build a stable team with strong leaders who will clearly understand what you expect from the company and how you can get results.

This is an initial position that we recommend even a few months after launching a startup and especially if it is successful in its beginnings.

 

Successful startups – building a scalable sales model

As you build a long-term plan to start your startup, you will encounter a great deal of uncertainty. After all, many variables come into play, and many developments can change a company’s course. It is challenging for experienced entrepreneurs to predict whether the sales model will propagate its early growth and sustainability over time.

At some point, you need to know the benchmarks for sales, how much you expect to spend on achieving the goals, and how sustainable the model is on the projections designed for the growth of startups. Sell a final sales form, but don’t wait long to create one. You will soon need a detailed form set up to quickly make decisions about growth opportunities or determine how much you can spend on sales and marketing when required.

 

Successful startups – build management and staff ready to listen and learn

Trust is often an excellent trait, and you and your employees should feel good about your product or service. However, you can make mistakes, and you and your peers must learn from them if you are to succeed in the long term. This is the golden rule to follow to achieve long-term business success, especially when launching startups.

The best way to do this is to surround yourself with partners who understand that failure is an opportunity to learn and improve.

There are many examples of successful entrepreneurs describing how failures made them and their companies stronger. Trying to eliminate the failures and mistakes of the company you have is a lost cause. Therefore, if you and the other managers in your startup learn from failure as an opportunity for improvement, you will be able to turn it into massive success shortly. Get the most out of your mistakes and use that expertise to grow your startup assets and reshape your business strategies that directly affect your profits.

 

Fundraising resources

It is tempting to keep as much money as possible in the company. Who wouldn’t dream of being like Apple and having large cash reserves that could buy an entire country?
However, you must resist this temptation and start investing. It’s best for startups’ long-term health if you spend only the funds needed to achieve the set of specific goals you expect immediately. This is one of the basic tenets of the startup methodology, and it also allows you to adapt more and facilitate innovation when circumstances require it.

Of course, you’ll be going through this initial period, and your startup will start to develop. However, remember that a successful startup is not just about a significant investment or a small expense. You need to find balance and set the goals you need to maintain a stable state of the emerging company in the market.
Additionally, in the early stages of the launch, you can rely on other programs offered by successful companies or on experienced entrepreneurs and investors. These initiatives help small startups grow and increase their chances of success in the long term.

Don’t ignore this advice, and start collaborating with successful companies that have already succeeded in a field similar to your startup. Experienced investors can be another way to grow your business and promote your services. However, we recommend that you be very careful with whom you cooperate and in the social circles you participate in.

 

Rely on the support structure

Many inexperienced entrepreneurs don’t overthink about the negative. They expect that they are too busy to cooperate, but they do struggle with loneliness. They do not cooperate, nor do they impose their values on employees and business partners. Hence, after a while, they remain in place but have a significant reduction in the company’s assets or startup.

This is why leaders lead the most successful startups with strong support structures. They can be any combination of family, friends, professional networks, business partners, civic organizations, etc. But do not forget that whatever you choose, this support must be reliable, continuous, and rooted in your life. Do not pick anyone and do not allow yourself to be overly influenced by your partners and competitors; you may lose a large portion of your profits.

 

Get company value as a core concept

Most startups are built on the concept of value. The most successful startups and entrepreneurs know that the value lies in their hearts, in everything they do. Entrepreneurship is a concept of value, and strategic planning is a conduit for value and branding. All marketing does is communicate that value. Sales is a mutual transfer of value, and preparation is a valuable commitment.

When this vision is fully realized, every step is inherently logical, as it is all associated with tangible value. When your startup launch’s size and scope seem daunting, don’t forget to design all the features and facts with the value goal. It would help if you did this to fully put the risk into perspective and get back to the right place.

There is no guarantee that starting a startup will be successful. Still, with a solid strategy built around these factors, you give yourself ideas and an opportunity to fight to provide value to others.

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