HUB387’s Post

The Ambassador of Israel to the Philippines, H.E. Ilan Fluss, recently met with the National Development Company General Manager, Anton Mauricio, to explore ways to develop mutually beneficial pathways between Israeli startups and Philippine startups. Despite the current crisis, H.E. Fluss continues to lay the groundwork for further partnerships with the Philippines. Israel leads the world in many areas of technology, while the Philippines has a huge consumer market, a vast pool of local talent, and a vibrant startup community. Future partnerships would entail more opportunities for Filipinos in the technological field, including entrepreneurs involved in innovative startups. #NationalDevelopmentCompanyPH #NDCatBagongPilipinas #Technology #Innovation #StartupEcosystem #Economy Pictured below from left to right: Szarina Ostrea, NDC Executive Assistant; Jerahmeel Chen, NDC Chief Innovation Officer; H.E. Ilan Fluss, Ambassador of Israel to the Philippines; Anton Mauricio, NDC General Manager; and Rocky Acot, NDC Assistant General Manager.

🚀 Insights from the #GSER2024: The capital city of Ethiopia with a population of more than five million, Addis Ababa is home to more than 300 established startups and 45 ecosystem builders, including Industry 4.0, Mobility, and Logistics pre-seed venture studio Intuitio Ventures and Renew Capital, which invests in African growth-oriented SMEs. Highlights of the ecosystem include: • In 2023, the Ministry of Innovation And Technology- Ethiopia and Addis Ababa city administration signed an MOU that officially positions Addis Ababa as the first Ethiopian startup city, with the goal of offering soft landing to local and foreign startups and ecosystem builders. • The 200-hectare ICT Park is dedicated to ICT-based startups and closely situated to Addis Ababa University, Addis Ababa Science and Technology University, and industry parks. • The Addis Ababa City Administration with its Innovation and Technology Development Bureau implements digitalization, conducts technology research, and supports Indigenous technologies to realize a smart city. Discover more about the Addis Ababa startup ecosystem: https://buff.ly/46lPFFs #AddisAbaba #startup #startupecosystem #founder #innovation

Way more valuable than just increasing taxes and gathering money to invest on fake digitalisation that’s actually increasing time citizens take to do basic tasks (online registration digitalisation disaster is an example) Listen to founders and experts, before deciding on an initiative and going with it when no one asker for Partner with private sector, no one gives a crap about educational institutes in IT (Polytechnic even though is good, is not a category for anyone to hire) Take a bit of Risk (The current central bank risk factor is too low for any serious business)

🌍🚀 CABO VERDE AMONG THE TOP 10 STARTUP ECOSYSTEMS IN AFRICA 🇨🇻 I’m thrilled to share that for the fourth consecutive year, Cabo Verde - the tech islands of West Africa - continues its upward trajectory in the ranking of the best African countries for startups, according to the StartupBlink Global Startup Ecosystem Index. 🔥 Key highlights from the 2024 edition: 📈 Cabo Verde is now the 6th best startup ecosystem in Africa, climbing 2 positions. 🌍 We’re ranked 2nd in West Africa, ahead of Senegal and just behind Nigeria. 🌐 Globally, we’ve reached the 78th position, a leap of 13 places since 2020. This growth is fueled by our strategic location, the country’s stability, and the strong and ongoing commitment from the government to foster a thriving digital entrepreneurship ecosystem. We’re proud of our local community of entrepreneurs, whose innovations are poised to scale regionally and globally. Initiatives like the Remote Working Visa Program and support for early-stage startups through Cabo Verde Digital have been instrumental in cultivating this fertile environment for innovation. This recognition reaffirms our collective effort to establish Cabo Verde as a leading tech hub in Africa and beyond. We’re on the right path! 🚀 #TIWA #TechIslandsofWestAfrica #CaboVerdeDigital #startups #CaboVerde #DigitalEconomy #Innovation #Entrepreneurship #Technology #Africa

𝐇𝐨𝐰 𝐁𝐚𝐥𝐤𝐚𝐧 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐚𝐫𝐞 𝐦𝐚𝐤𝐢𝐧𝐠 𝐚 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞: 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 Balkan startups are fueling economic growth and innovation across the region. Over the past six years, the Balkan sportstech ecosystem alone has seen 52 venture deals worth $248 million. More broadly, total investments in the Adria region (Croatia, Slovenia, Serbia) skyrocketed from 300 million euros in 2016-2017 to 3.45 billion euros in 2021-2022. This influx of capital is enabling Balkan startups to scale and drive progress in diverse industries like AI, sustainable fashion, marketing platforms, and cleantech. 𝐅𝐨𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐯𝐞 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 Balkan startup organizations are working to strengthen the regional entrepreneurial ecosystem through collaborative programs. Initiatives like GIST Innovates the Balkans, run by Arizona State University, are helping startups connect with mentors, conduct customer interviews, and refine their business models. This collaborative approach is building capacity and know-how among both startups and local accelerators/incubators. 𝐀𝐝𝐯𝐨𝐜𝐚𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐯𝐞 𝐏𝐨𝐥𝐢𝐜𝐢𝐞𝐬 Startup organizations in the Western Balkans are actively engaging with policymakers to create a more favorable environment for innovation and entrepreneurship. This includes advocating for tax incentives, startup-focused programs, and other measures that enable Balkan startups to thrive. By working with governments, these organizations are helping drive systemic change. 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐚𝐧𝐝 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 Balkan startups span a wide range of industries, from AI and sustainable fashion to sportstech and cleantech. This diversity showcases the region's entrepreneurial talent and innovative potential. Moreover, Balkan startups are successfully attracting significant investment, with the sportstech ecosystem alone seeing over $250 million in deals. This influx of capital is fueling further growth and development. Overall, Balkan startups are making a tangible impact by driving economic growth, fostering a collaborative ecosystem, advocating for supportive policies, and diversifying into cutting-edge industries that attract substantial investment. These startups are positioning the Balkans as an emerging hub of innovation and entrepreneurship. Mate Rimac Miloš Milisavljević Ilija Brajković Dragan Petric Dr. Krunoslav Ris, PMP®, PBA® #BalkanStartups #StartupEcosystem #RegionalInnovation #EconomicGrowth #TechInvesting #FutureOfWork #SeedStage #VentureCapital #PolicyAdvocacy #CollaborativeEconomy

What should the #Armenian #Government and the #Ministry_Of_High_Tech_Industry do to boost Armenia’s Startup Ecosystem? Mkhitar Hayrapetyan Hakob Arshakyan , here are some actionable steps to consider: 0. Set very clear Vision and Mission that We (Armenia) want to become Startup Nation! 1. Then establish a really working Government-Backed Venture Fund similar to Israel’s Yozma Program, which would co-invest with private investors 2. Actively encourage, invite, or even PUSH (Yes PUSH, do it public or private way, does not matter) Armenian non-tech entrepreneurs to start investing in startups. Consider a program where the top X taxpayers annually invest $1-10 or more millions USD in a government-backed venture or even private VC funds. 3. Introduce Tax Incentives for Angel Investors and VCs similar to the UK’s Enterprise Investment Scheme (EIS). 4. Simplify Business Registration and Compliance like Estonia’s e-Residency program! and create a Startup Visa 6. Expand Incubator and Accelerator Programs 7. Create specialized hubs for sectors like AI, biotechnology, and renewable energy to attract global talent and investment, similar to Singapore’s Startup SG initiatives. 8. Strengthen ties with international startup ecosystems through partnerships, trade missions, and joint ventures 9. Support Export-Oriented Startups, for example provide financial incentives and logistical support for startups with the potential to scale internationally, helping them navigate regulatory challenges and establish a global presence. 10. Continue supportin or investing in programs like TUMO and expand them to ensure more young Armenians are equipped with skills in STEM (Science, Technology, Engineering, Mathematics) fields. 11. Encourage partnerships between universities and the private sector to create R&D centers as seen in Germany’s High-Tech Gründerfonds. 12. Expand Access to Credit 13. Encourage Crowdfunding and Alternative Financing 14. Develop a National Startup Platform 15. Establish a Diaspora Venture Fund to channel investments into Armenian startups. 16. Partner with large Armenian and international corporations to create pilot programs where startups can test their solutions in real-world scenarios. This approach can be modeled after South Korea’s TIPS program. 17. Establish a Startup Council Armenia’s potential is vast—let’s work together to unlock it. #Armenia #Armenia_is_startup_nation #StartupGenerNation #Startups #Innovation #Entrepreneurship #GovernmentPolicy #VentureCapital

Good news and inspiring figures from Ukraine's startup sector 😊 Ukraine's startup ecosystem has entered the top three fastest-growing ecosystems in Central and Eastern Europe (CEE) and ranks fourth in the region by overall value, due to report published by u.ventures 👏 Ukraine holds the second position in CEE for IT outsourcing and ranks seventh globally in IT competitiveness, with more than 346,000 IT specialists working in the sector In 2024, Ukraine's startup ecosystem rose to 46th place in the global ranking, up from 50th in 2022, despite the full-scale war. Currently, over 2,600 startups are advancing the field of innovative technologies in Ukraine. Since 2020, the overall value of Ukraine's tech ecosystem has tripled. From 2013 to 2023, the IT sector's contribution to the GDP grew 5.7 times. In 2023, IT service exports reached $6.7 billion, accounting for 41% of the country's total service exports. #GlobalUkrainians #TechInvestment #Startups #Innovation #Ukraine #TechNews #Entrepreneurship

Join us for “Europe Incorporated: Challenges and Solutions for European Excellence”, an event hosted by Allied For Startups and Startup Hungary which marks the official launch of the "European Inc." petition - an initiative of eu/acc aimed at creating a new pan-European legal entity for #startups. Here’s why it matters: Europe’s #startup ecosystem is brimming with talent and ambition, but fragmented markets and regulatory challenges are holding it back. The European Inc. aims to unify the #investment landscape, making it easier for startups to scale and compete globally. 👥 At the event, policymakers, founders, investors, and startup organisations will discuss the petition and other key challenges and opportunities in Europe's startup scene, with a particular focus on the Central and Eastern Europe region, where fragmentation hits hardest. Our confirmed speakers include:  🗣 Andreas Klinger, Co-founder of Eu/Acc, Founder & Investor at Prototype Capital 🦾 🗣 Csongor Biás, Director of Startup Hungary   🗣 Serena Borbotti-Frison, Director-General of Allied for Startups 🗣 Tomek Snazyk, CEO of Startup Poland 🗓️ 14 October, 14:00-17:00  📍Brussels, Belgium Interested? Register now and be part of the conversation: https://lu.ma/hj4rr8y8 #EuropeanInc #Startups #CEE #Innovation #28Regime Tímea Bárocz

Nairobi has significantly improved its global standing as a preferred city for startup investments, climbing 24 places to position 113 in the latest Global Startup Ecosystem Index report by StartupBlink. This rise underscores Nairobi's growing reputation as a vibrant tech hub in Africa. According to the report, Nairobi also advanced one spot among its African peers, now ranking third after overtaking South Africa's Cape Town. This achievement reflects Nairobi's sustained growth and attractiveness to tech startups, supported by active public sector involvement and the presence of global tech giants like Google, Microsoft, Samsung Electronics, and Intel Corporation. Factors contributing to Nairobi's startup-friendly environment include initiatives like establishing tech hubs such as Konza Technopolis Development Authority and the pending enactment of the Startup Act, designed to foster a culture of innovation and entrepreneurship in the city. Additionally, Nairobi hosts accelerators like Antler and Pangea Accelerator, and benefits from the efforts of the Association of Startup and SMEs Enablers of Kenya (ASSEK), which plays a crucial role in fostering relationships within the ecosystem. #NairobiStartups #StartupEcosystem #TechHub #Innovation #Entrepreneurship #GlobalRanking #KonzaTechnopolis #StartupAct To Read more: https://zurl.co/h8dO