TechWise Today April 2019

Technology Simplified for Small and Medium Businesses

Tech​Wise​ Today

Digital Magazine | April 2019

GFR Fund for Tech Startups

News | Views | Training | Trends | Success Stories

1

Main Stories in This Issue

Tech Support

Finance

Orange Social Venture Prize EIT Digital Venture Program Digital Marketing – How to Build a Brand

GFR Fund for Tech Startups Moving Financial Management to the Cloud Teraki Secures $2.3M in Funding

Digital Media

Learning

Forbes8 Digital Video Network How to Learn Business Communications

NATO Innovation Challenge for Entrepreneurs Email Marketing for Business Development

Trends IBM Blockchain World Wire Technologies That Help You Grow French Startup Develops Safe.press

Events ITU to Host Event on Artificial Intelligence EU-Startups Summit for Crowdfunding Digital Day in EU for Digital Developments

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GFR Fund Opens New $20M Investment Fund for Tech Startups The first two investments under GFR Fund II are in the eSports category.

GFR Fund, an early-stage venture capital fund, has announced it has raised $20 million to launch its second fund, GFR Fund II, with a focus on technology startups disrupting the digital entertainment sector.

The team behind GFR Fund (left to right): Songshan Jia (Investment Analyst), Teppei Tsutsui (Managing Partner), Yasushi Komori (Principal) GFR Fund is backed by multiple strategic investors from Asia and is an affiliate of leading mobile gaming company GREE, headquartered in Japan. GFR Fund offers its portfolio global business opportunities in the Asian market combined with deep connections in Silicon Valley.

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"We are looking beyond traditional game developers to invest in disruptive entertainment technologies," said Teppei Tsutsui, managing partner of GFR Fund.

The first two investments under GFR Fund II are in the eSports category. GFR Fund planned to bring together industry experts from the U.S. and Asia, investors, and entrepreneurs to share their views on what Virtual Beings bring to entertainment. This event was scheduled on March 21 in San Francisco, during the Game Developers Conference.

The GFR Fund is a venture capital fund that works with strategic investors to give early-stage technology companies the opportunity to accelerate growth in the digital entertainment sector.

EIT Digital Venture Program Offers Financial Support to Entrepreneurs EIT Digital is a leading European digital innovation and entrepreneurial education organization.

The EIT Digital Venture Program supports entrepreneurial teams from 19 countries with deep tech business ideas to finalize their MVP and start their venture.

With financial support of up to €15,000

and

a

six-week

Pre-Acceleration Phase executed by four regional partners in Greece, Latvia, Portugal, and Slovenia, the program helps entrepreneurs launch new digital tech businesses. You can​ apply​ by May 5, 2019.

EIT Digital is a leading European digital innovation and entrepreneurial education organization driving Europe’s digital transformation. It delivers digital innovations to the market and supports

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entrepreneurial talent for economic growth and improved quality of life in Europe. ​Photo: EIT Digital Download and Read RMN Publications TechWise Today

The Integrity Bulletin

Clean Climate

Legal Directions

Young Learner

Real Voter

NATO Launches Entrepreneurs

Innovation

Challenge

for

The challenge is co-organized by the NATO Innovation Hub and the Defence and Security Innovation Hub. Addressing the dangers of electromagnetic pulse to societies and militaries is the topic of this year’s first NATO Innovation Challenge. The competition aims to tap into the minds of innovative people and teams to find new, creative and efficient ways for NATO to respond to security challenges and potential crises.

The latest challenge is looking for solutions to prevent electromagnetic pulse damage, mitigate the effects on critical infrastructure and capabilities, and ensure rapid recovery. Entrepreneurs, designers, marketers, thinkers, engineers, coders, and inventors can participate.

The winner will get stage-time at NATO events and access to contract opportunities.

Registration is open until the 24th of April, and the award ceremony will take place on the 30th of May in Brno, the Czech Republic.

Electromagnetic pulse – generated by a large solar flare or a weapon – could cripple systems reliant on electricity, from smartphones and ATMs to nuclear power facilities, hospitals and military command and control systems. Its enormous security repercussions are the reason it was selected as topic for this year’s NATO Innovation Challenge.

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The challenge is co-organized by the NATO Innovation Hub and the Defence and Security Innovation Hub. The NATO Innovation Hub, based in Allied Command Transformation in Norfolk, Virginia, runs two NATO Innovation Challenges every year.

NATO Innovation Challenge for Entrepreneurs The previous competition took place in late 2018 and had to do with the development of autonomous drones. There were around 30 competitors and ten finalists pitched their solutions to a jury of military experts and academics. The winners were Belgian startup ALX Systems and Dutch high-tech company Delft Dynamics. C ​ ourtesy: NATO

Download Previous Issues of TechWise Today October 2018

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February 2019

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Share Your Story

If you have some innovative product or service that you want to introduce in the market, you can submit it for publication in ​TechWise Today​. Startups are also encouraged to share their technology deployment experiences that T ​ echWise Today c ​ an consider for publication.

This service will help you promote your business solutions among buyers, suppliers, and business partners across the world, as ​TechWise Today is being circulated among top global business associations, government departments, and general businesses.

Contact

Rakesh Raman Raman Media Network (RMN) Company 463, DPS Apts., Plot No. 16, Sector 4, Dwarka, Phase I New Delhi 110 078, INDIA Contact by email

Custom Content Services for Small and Medium Businesses The need for quality content is more pronounced in today’s digitally driven business world where consumers are already facing an information overload.

RMN Company, which is an integrated technology media company and publisher of ​TechWise Today​, is offering its custom content services to organizations across the world.

The need for quality content is more pronounced in today’s digitally driven business world where consumers are already facing an information overload from multiple data sources and a surfeit of frontend devices.

Consequently, brands are struggling to create engaging content that could attract their buyers and other stakeholders.

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Now, it’s an established fact that staid content including traditional brand messages, pictures, and videos are not quite effective to attract the consumer eyeballs. Conventional content and marketing communication models have also failed to deliver the desired results.

To meet the end-to-end brand communication needs of organizations, RMN Company creates bespoke content that brands can use on multiple content distribution platforms. Our content services include: ●

Complete management of Press / Media sections on your corporate or brand website

●

Content for microsites around a brand, e-DMs, rich-media ads, digital newsletters, e-booklets

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Content for webinars, product literature, case studies, conferences, exhibitions

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Press Release Writing

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Content for Mock Interviews

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Paid / Sponsored Posts

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Specialized digital media content for infomercials, viral videos, social media messaging, mobile messaging

Business and trade associations in all parts of the world can also contact us for ​digital marketing training programs​ for groups of their members.

Contact Rakesh Raman Raman Media Network (RMN) Company 463, DPS Apts., Plot No. 16, Sector 4, Dwarka, Phase I, New Delhi 110 078, INDIA Contact by email Marketing Agents

TechWise Today​ invites marketing professionals and ad agencies to work as its marketing agents on commission basis for selling ads and generating more revenue streams.

Contact by email

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Digital Marketing Simplified – How to Build a Brand As a brand owner, you need a medium that can carry and convey your brand communications to consumers or other stakeholders.

By Rakesh Raman While ‘brand’ has become a buzzword in the sea-like business world, most companies are still confused about the true connotation of a brand. So, what’s a brand?

Simply put, a humdrum product or commodity attains the status of a brand when it delivers the value for money to its buyers.

Moreover, a brand promises to deliver on its quality and value-for-money commitment and instills a high degree of confidence among a large number of consumers.

When buyers have multiple product options, they prefer to buy a branded product instead of a no-name item. Thus, a brand creates a pull factor among the consumers who also get emotionally attached with it regardless of its price.

Obviously, marketers would like to peddle a brand rather than a commodity. And a brand is not only about the buyers; it holds equal relevance for all stakeholders of a company – including buyers, suppliers, employees, resellers, investors, and others.

It goes without saying that while buyers want to buy branded items, a supplier would prefer to sell to a branded company for assured payments. Similarly, employees would prefer to work for a brand because of its reputation in the market. It will be easier for resellers to sell a branded item and investors would pump in their money into a brand for higher returns.

Then who won’t aspire to build a brand? All will and all do. But it’s an uphill task to build and manage a brand in a cluttered marketplace. Barring exceptions like Facebook, Google, Apple, and Microsoft which became global brands quickly after their introductions, usually an entire

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generation of business owners would struggle to build a brand out of a common commodity.

Then the next generation of brand owners can leverage the brand benefits for business growth.

While building a brand, first you have to understand your own product or service and its relevance in the marketplace. Then you need to create brand messaging around your offering.

Brand messaging will highlight the strengths of your product and its positioning in the market.

Brand messages are the objectives that your product aims to achieve by fulfilling a market need.

For example, a food products company can have a brand message as: “Helps you stay healthy.” This brand message will not appear explicitly in the company’s brand communications, but all its communications including ads, press releases, corporate speeches, etc. will be built around this message. Your communications can be for your buyers, suppliers, workers, resellers, investors, and others.

Now you can define the groups of consumers whom you want to target with your brand communications. Say, for a garments manufacturer, the target group can be youth. A hospital can target seniors, a hotel can target business people, and so on. A brand needs to constantly communicate with its target groups of consumers with customized communications to increase the brand recall among them.

As a brand owner, you need a medium that can carry and convey your brand communications to consumers or other stakeholders whom you want to engage with your brand. In a simple case, this medium can be air that can carry your message that you shout out about your brand. But your shout (or voice) has a distance limitation, as it can’t go beyond a few yards.

To overcome this distance limitation, brands use traditional media like newspapers, TV, radio, events, or billboards that have wider reach. But it has been observed during the past few years that traditional media also has distance constraints for brands that aspire to go global by transcending geographical limitations.

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Traditional media fails to cross certain local boundaries. Plus, more consumer eyeballs are now shifting from traditional media to digital media dominated by web and mobile channels.

Obviously, brands that want to grow have no other option but to use digital media to convey their brand messages.

For Your Information

Despite junk mails, email is considered the best form of business communications particularly for smaller businesses that want to cut traveling costs normally required in business deals. But email handling is a specialized job – a scientific art, perhaps.

For smaller players, the right and wrong use of ​email can make or break their businesses – in that order.

Forbes8 Digital Video Network to Educate Entrepreneurs Forbes8 offers information, tips, advice, and tools to help entrepreneurs get their start and accelerate their growth.

Forbes and BusyInternet on March 18 announced the availability of Forbes8, a digital network that features more than 2,000 videos designed to​ educate​ entrepreneurs.

BusyInternet supports businesses – particularly small-and medium-sized businesses (​SMBs​) – to grow and fully optimize their potentials. Forbes8’s strategic partnership with BusyInternet will help drive focus in further detail and add new dimensions.

Forbes8 offers information, tips, advice, and tools to help entrepreneurs get their start and accelerate their growth. Leveraging Forbes’ editorial expertise in leveraging entrepreneurial capitalism, Forbes8 features video spotlighting the best minds in business – all categorized into four distinct themes: Inspire, Launch, Grow, and Impact.

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Intelligent machine-learning / artificial intelligence (​AI​) capabilities deliver a personalized experience at scale, creating custom playlists based on an individual’s on-boarding needs and preferences.

Forbes8 Digital Video Network Forbes8 is a global partnership between Forbes and AW3 Media, whose founder, Amos Winbush III, is a serial entrepreneur having built several technology platforms.

Forbes8 subscribers will get exclusive access to an array of content from ForbesLIVE’s signature events worldwide.

New Global Payment Network: IBM Blockchain World Wire World Wire has enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints.

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IBM announced on March 18 IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions.

IBM Blockchain World Wire Designed to optimize and accelerate foreign exchange, cross border payments and remittances, World Wire is claimed to be the first blockchain network of its kind to integrate payment messaging, clearing and settlement on a single unified network, while allowing participants to dynamically choose from a variety of digital assets for settlement.

"We've created a new type of payment network designed to accelerate remittances and transform cross-border payments to facilitate the movement of money in countries that need it most," said Marie Wieck, General Manager, IBM Blockchain. "By creating a network where financial institutions support multiple digital assets, we expect to spur innovation and improve financial inclusion worldwide."

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World Wire has enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints. Local regulations will continue to guide activation, and IBM says it is actively growing the network with additional financial institutions globally.

World Wire provides a more straight-through model for cross border payments using the Stellar protocol that makes money transfers point-to-point in lieu of the complexities of conventional correspondent banking.

According to IBM, it reduces intermediaries and allows users to accelerate settlement time often in seconds by transmitting monetary value in the form of digital assets, commonly known as cryptocurrencies or "stable coins."

This simplified approach, according to the company, improves operational efficiency and liquidity management, streamlining payment reconciliation and reducing overall transaction costs for financial institutions.

The network already supports settlement using Stellar Lumens and a U.S. dollar stable coin through IBM's previously announced collaboration with Stronghold.

Pending regulatory approvals and other reviews, six international banks, including Banco Bradesco, Bank Busan, and Rizal Commercial Banking Corporation (RCBC), have signed letters of intent to issue their own stable coins on World Wire​, adding Euro, Indonesian Rupiah, Philippine Peso, Korean Won, and Brazilian Real stable coins to the network.

IBM says it will continue to expand the ecosystem of settlement assets based on client demand.

How to Learn Business Communications for Corporate Growth There is an urgent need for corporates to adopt modern forms of business communications (e-mails, presentations, analytical reports, etc.) systematically.

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In today’s information-driven world, the need for formal business communications is more pronounced because businesses of all sizes are supposed to address different stakeholders in diversified geographical locations.

Most businesses think that phone-based or physical presence-based communications are working for them.

However, these traditional forms of business communications are among the main factors of inefficiencies in business operations because they are usually off-the-cuff without analyzing

the

situational

business

challenges.

Moreover, as the traditional, old-fashioned communications are mostly ad hoc in nature, it’s difficult to keep track of the decisions thus taken in a business environment. As a result, there are activity overlaps, repetitions of work, loss of accountability, which silently add to the operating expenses (OPEX) of the company. Obviously, it doesn’t allow the company to be competitive in the marketplace.

Hence, there is an urgent need for corporates to adopt modern forms of business communications (e-mails, presentations, analytical reports, etc.) systematically.

To help businesses adopt formal business communications as an inevitable process for corporate growth, RMN Company offers its Business Communications training program for companies around the world. The program is conducted by Rakesh Raman, ​CEO of RMN Company.

The training program covers evolution in the business communications landscape, the role of digital communication channels (Internet and web), language / communication rules, and hands-on training for the participants.

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Interested companies and corporate executives can ​contact us to know the details including costs for this program.

Environmental Damage and Pollution in India Appeal to Global Community

A new IQAir AirVisual report, which covered 3,000 cities of the world, has revealed that Gurugram (a.k.a.

Gurgaon) a suburb of India’s capital New Delhi is the most polluted city of the world while 22 of the top 30 polluted cities are in India. Also, Delhi remains the most polluted capital across the world.

As pollution levels remain dangerously high throughout the year in India, all travelers including business executives, tourists, and diplomats need to exercise utmost caution while planning to visit India – particularly India’s capital New Delhi.

Moreover, companies and investors must not come to Delhi for setting up their businesses or for trade conferences as ​pollution can harm them as well as their families. Foreigners who have come to stay in India for their work, should preferably go back to their countries. Or, at least, they should not keep their children with them because ​Delhi’s pollution is very harmful for children.

Delhi Government, the Indian Government, and the pollution-control ​agencies are not taking proper steps to control pollution because most politicians and bureaucrats in India are corrupt, uneducated, and careless.

The extreme pollution in Delhi is being compared to the poisonous gas chambers used by Nazi Germany during the Holocaust for the genocide of millions of European Jews. As pollution in Delhi / India is harmful to millions of Indians as well as people in other parts of the world with its impact on global warming and climate change, its lethal effect is equivalent to weapons of mass destruction.

The Indian government - including bureaucrats and politicians - is causing serious environmental damage which is harmful for the entire planet. Therefore, the global ​community including the UN and the U.S. Department of State and the Office of Foreign Assets Control (​OFAC​) must impose strict economic, diplomatic, and trade sanctions on India and Indian officials.

Rakesh Raman

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SAP Study Reveals Technologies That Help You Grow The study found that as companies seek competitive advantages, they are prioritizing innovation technologies.

Software company SAP has announced the research findings from a study commissioned by SAP and conducted by leading industry analyst Forrester Consulting, indicating that intelligent technologies are critical for supporting digital transformation in the enterprise.

In the Forrester survey of more than 740 respondents commissioned by SAP, up to 93 percent of companies agree that innovation technologies are key to achieving their digital transformation goals.

To qualify to participate in this study, companies had to meet two important criteria: first, they had to be actively undergoing digital transformation, and second, they must have implemented

at

least

two

innovation

technologies such as machine learning, the Internet of Things (IoT), artificial intelligence (AI), blockchain, and augmented or virtual reality.

The study found that as companies seek competitive advantages, they are prioritizing innovation technologies. As such, these companies are implementing or have already implemented innovation technologies to drive digital transformation: ●

The IoT: 92 percent

●

AI: 78 percent

●

Machine learning: 77 percent

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●

Augmented reality/virtual reality: 70 percent

●

Blockchain: 68 percent

The study also found that as digital transformation journeys continue to be a priority for enterprises, organizations are increasingly optimizing existing processes to improve efficiency, extending processes to capture new value, and transforming business models to gain new revenue streams.

According to the study​, 92 percent of companies showed a high interest in platforms that can unify data collected by, and used across, all intelligent technologies and business processes.

I-COM Data Startup Challenge 2019 The finalist startups will qualify to participate in the final round of judging and present to the Global Summit attendees.

The 7th edition of the I-COM Data Startup Challenge will showcase top startups from around the world who leverage value from Marketing Data & Measurement as the central selling point of their product or services.

As part of the 2019 Data Startup Challenge, the Top 20 startups will have an opportunity to attend the 4-day I-COM Global Summit (May 13 - 16, 2019 in Spain) as part of the Official Selection at a discounted Summit access fee.

The finalist startups will qualify to participate in the final round of judging and present to the Global Summit attendees.

They will have the opportunity to be mentored by leading executives with valuable experience including strategy, technology, marketing, and business development.

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Appeal for Donations RMN Foundation is a humanitarian organization that was formed in May 2015 as an educational and public charitable Trust for the benefit of humanity at large.

It is registered with the Government of National Capital Territory of Delhi at New Delhi, India.

Currently, all the activities of RMN Foundation are being managed single-handedly (without any support) by RMN Foundation founder Rakesh Raman who had left his job a few years ago to run this charity.

As RMN Foundation has embarked upon some major humanitarian projects during the past over 3 years, now it needs a significant amount of funds in the form of donations​ to expand the scope of its activities.

DONATION DETAILS

Individual Indian donors can help RMN Foundation with their contributions using the following bank details:

Bank Name: ICICI Bank Bank Branch: HL Square, Plot No. 6, Sector 5 (MLU), Dwarka, New Delhi 110 075 Account Number: 025005004368 Account Name: RMN Foundation Type of Account: Current IFSC Code: ICIC0000250 Or you can ​click here​ to donate with PayPal, credit card, or bank account.

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NetSuite Moves Financial Management to the Cloud SuiteSuccess customers across all markets also have immediate access to NetSuite OneWorld global capabilities.

Oracle NetSuite announced on March 26 new localized product capabilities for the German market.

The latest innovations within the NetSuite platform

include

new

SuiteSuccess

financial management features designed to help organizations in Germany automate financial processes, improve reporting, and gain real-time visibility into key business metrics.

According to the company, SuiteSuccess includes predefined roles, KPIs, dashboards, and workflows specifically designed for finance departments. It provides both foundational financial management solutions and features such as inventory management, order management and customer returns, and more comprehensive financial management solutions including fixed assets and over 350 reports.

The company adds that SuiteSuccess delivers a path to the cloud in as little as 45 days and is built on four key pillars—build, engage, consume, and optimize.

SuiteSuccess customers across all markets also have immediate access to NetSuite OneWorld global capabilities to process multi-currency transactions and to take advantage of international growth opportunities.

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ITU to Host Event on Artificial Intelligence: AI for Good The 2019 summit will highlight AI’s value in advancing education, healthcare, and wellbeing, social and economic equality, space research, and smart and safe mobility.

Artificial Intelligence (AI) has taken giant leaps forward in recent years, inspiring growing confidence in AI’s ability to assist in solving some of humanity’s greatest challenges.

Leaders in AI and humanitarian action are convening on the neutral platform offered by the United Nations to work towards AI improving the quality and sustainability of life on our planet.

Organized by the International Telecommunication Union (ITU) – the United Nations specialized agency for information and communication technology (ICT) – in partnership with the XPRIZE Foundation, the Association for Computing Machinery (ACM) and close to 30 sister United

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Nations agencies, the 3rd annual AI for Good Global Summit in Geneva, 28-31 May, is the leading United Nations platform for inclusive dialogue on AI. The goal of the summit is to identify practical applications of AI to accelerate progress towards the United Nations Sustainable Development Goals.

The summit is designed to generate ‘AI for Good’ projects able to be enacted in the near term, guided by the summit’s multi-stakeholder and inter-disciplinary audience. It also formulates supporting strategies to ensure trusted, safe and inclusive development of AI technologies and equitable access to their benefits.

The 2019 summit will highlight AI’s value in advancing education, healthcare, and wellbeing, social and economic equality, space research, and smart and safe mobility. It will propose actions to assist high-potential AI solutions in achieving global scale.

It will host debate around unintended consequences of AI as well as AI’s relationship with art and culture. And a ‘learning day’ will offer potential AI adopters an audience with leading AI experts and educators.

The summit will also feature an invitation only gathering of AI experts and researchers on 27 May, with the aim of furthering fundamental AI research, developing new methods that will define future of AI development.

French Startup Develops Safe.press to Fight Against Fake News Orange has become the first company in the world to display on its web pages a blockchain-secured digital trust label.

Orange, a leading telecommunications operator in France, adopted on March 27 Safe.press, claimed to be the world’s first digital trust label for online news secured by the blockchain.

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As part of its efforts to fight against "​fake news​," Orange says it has become the first member of Safe.press, a platform for mutual authentication of online news based on blockchain technology.

This

consortium-based

certification

system,

which

is

immediately recognizable by the green "safe.press" badge, has been developed by the French​ startup​ Block Expert.

Thanks to this initiative, Orange has become the first company in the world to display on its web pages a blockchain-secured digital trust label that allows one-click verification of the authenticity and source of online content broadcast to the media in realtime.

From now on all press releases published by Orange will be verifiable in the press room on orange.com by clicking on the green "​safe.press​" badge.

“Orange is taking this initiative to contribute in the fight against fake news that has become a major affliction of our time,” said Béatrice Mandine, executive director in charge of Communications and Brand at Orange.

EU-Startups Summit to Host Crowdfunding Panel The topics will include “how to select the right crowdfunding platform for your startup” and “current stage and future of equity crowdfunding.”

The EU-Startups Summit on May 2-3 in Barcelona will welcome about 1,200 startup founders and investors from across Europe. The event will include a panel discussion with some of Europe’s leading equity crowdfunding platforms such as Crowdcube, Funderbeam, Startupxplore, and Seedrs.

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During the panel discussion at this year’s EU-Startups ​Summit​, the participants will learn more about each participating crowdfunding platform and their strengths.

EU-Startups Summit The topics will include “how to select the right crowdfunding platform for your startup” and “current stage and future of equity crowdfunding.”

Digital Day to Help EU Accelerate Digital Developments This year, Digital Day will be preceded by a high-level event on developing a connectivity and data strategy.

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The third edition of the Digital Day event (April 9) will enable the EU and interested Member States to pool resources to accelerate digital developments in key areas that can bring tangible benefits to the European economies and societies.

In the past two years, the Digital Day has been the occasion to launch cooperation initiatives in the areas of supercomputing, digital industry, connected and automated driving, AI, blockchain and eHealth.

Following the previous Digital Days, the 2019 edition will combine panel discussions with high-level political stakeholders from Member States’ governments.

This year, Digital Day will be preceded by a high-level event on developing a connectivity and data strategy for the Southern Mediterranean that the European Commission has organized for the afternoon of April 8.

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BUSINESS COLLABORATION Business and trade associations in all parts of the world can contact us for digital marketing training programs for groups of their members.

Event management companies in all parts of the world can also contact us for media partnerships and content-based marketing of technology events.

Download Brochure

Teraki Secures $2.3M in Funding and Launches DevCenter Data training is an essential step used to teach AI models or machine learning algorithms.

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Automotive AI startup Teraki announced on March 27 it has raised $2.3 million in additional funding for its mission to provide AI and edge data processing software to meet the data demands of the $395 billion automotive electronics industry.

The latest backing for the technology platform comes from Hong Kong-based Horizon Ventures and American Family Ventures. Total funding to date amounts to $5.3 million.

Teraki is a leading provider of embedded, pre-processing software for sensor data in the automotive industry.

When embedded in automotive electronic systems, according to the company, the software enables hardware to process more than 10 times more data without loss of information to train and run machine learning methods of customers.

“Winning the support of these renowned and leading VCs is further validation of our vision to truly enable efficient edge computing and scalable AI applications in the automotive markets.

With this investment we will be able to accelerate the time to market for our signed customer contracts and serve the growing customer funnel,” said Daniel Richart, Teraki’s CEO and co-founder.

The company - headquartered in Berlin - also announced the launch of the Teraki DevCenter—a cloud-based data training and prototyping environment, allowing customers to train Teraki’s algorithms on their data.

The company says data training is an essential step used to teach AI models or machine learning algorithms how to make data-driven predictions or decisions by building a mathematical model from input data.

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The DevCenter automates the complex process and provides development teams with the opportunity to quickly train Teraki’s machine learning algorithms based on their own data and to evaluate exactly what performance advantages Teraki’s technology can provide.

Report Measures Performance of SMEs in EU Countries The report provides a synopsis of the size, structure, and importance of SMEs to the European economy.

The SME Performance Review is one of the main tools the European Commission uses to monitor and assess countries' progress in implementing the Small Business Act (SBA) on a yearly basis.

With an emphasis on the measures from the SBA Action Plan, the review brings comprehensive information on the performance of SMEs in EU countries and other partner countries. It consists of two parts: an annual report on European SMEs and SBA country fact sheets.

The 2017/2018 annual report on European SMEs reveals that the SME recovery continues. The ​report provides a synopsis of the size, structure, and importance of SMEs to the European economy and an overview of the past and forecast performance of SMEs from 2008 to 2019.

Comparisons with partner countries outside the EU and with the large enterprise sector are also included.

EIT Community Opens Its First Hub in Silicon Valley The Hub will support European ventures to sell their products and services in the US market.

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The European Institute of Innovation and Technology (EIT) on March 27 opened in Silicon Valley its first Community Hub outside of Europe.

Building on the existing Silicon Valley Hub of EIT Digital, the EIT Hub in San Francisco will support European innovators to attract US customers, partners, and investors. It will also showcase innovation made in Europe and bolster the visibility of innovative European solutions to global challenges.

The EIT was created in 2008 to drive innovation across Europe. The EIT Community - claimed to be Europe’s largest innovation network with more than 1000 partners from business, education, and research - powers innovators and entrepreneurs, helping them turn new ideas into innovative products and services. According to EIT, greater transatlantic collaboration will generate new opportunities for growth and jobs in Europe.

In the first phase, the EIT Silicon Valley Hub will represent EIT Digital, EIT Climate-KIC, EIT Food, EIT Health, and EIT Raw Materials. The Hub will support European ventures to sell their products and services in the US market, attract US students to the EIT’s entrepreneurial education programs in Europe, provide a gateway to Europe for US-based organizations, facilitate joint open innovation initiatives and generally stimulate stronger collaboration between the EIT Community and Silicon Valley.

In the near future, the EIT Community will continue expanding its footprint beyond Europe and establish additional EIT Community Hubs in Tel Aviv (Israel) and Beijing (China).

Entries Invited for Orange Social Venture Prize If you are an entrepreneur with a project or a project idea to be deployed in one of the 18 participating countries, you can apply.

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The new edition of the contest, for the ninth year in a row, is looking for the best business venture projects using technological innovation in the service of the society and/or the environment​.

If you are an entrepreneur with a project or a project idea to be deployed in one of the 18 participating countries, you can apply to the Orange Social Venture Prize Africa and Middle East.

Orange Social Venture Prize There are two contests in one: first, the projects compete for national awards against other projects deployed in the same country; then, the winners compete in an international competition, with a different jury and higher stakes.

The three international winners get back home with prizes of €25000, €15000, and €10000. If you are looking for support for your social- and environment-minded project, apply through the registration form during March 4 - May 30.

TechWise Today

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Brand Promotion with Press Release

Now with the proliferation of digital media channels, the rules of media communications have undergone a massive shift. In traditional media, for example, if your press release is not picked by a newspaper or magazine, you’ll never be able to convey your brand message to the target audience.

But now it’s different. The advantage of digital media is that even if your ​release is rejected by newspapers and magazines, you can still reach out to audiences effectively by just posting it on the web through a blog, a release distribution service, social media sites, company’s own website, and so on.

Meet the Editor The editor of ​TechWise Today magazine ​Rakesh Raman is a national award-winning journalist and social activist. Besides working at senior editorial positions with leading media companies, he was writing an exclusive edit-page tech business column regularly for The Financial Express (a daily business newspaper of The Indian Express Group).

Nowadays, for the past about 8 years, he has been running his own global news services on different subjects.

He also has formed a free Education and Career Counselling Center for deserving children at a poor J.J. Colony in Dwarka, New Delhi under his ​NGO​ – RMN Foundation.

He runs an exclusive community-driven anti-corruption social service “​Clean House​” to help the suffering residents of Delhi raise their voice against the growing corruption and injustice. He also has formed an environment-protection group called​ Green Group​ in Delhi.

He creates and distributes a number of ​digital publications that cover areas such as technology, law, environment, education, politics, corruption and transparency.

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He has created a comprehensive online information ​service to educate the Indian voters for the 2019 Lok Sabha election.

Earlier, he had been associated with the United Nations (UN) through United Nations Industrial Development Organization (UNIDO) as a digital media expert to help businesses use technology for brand marketing and business development.

Contact

Rakesh Raman Raman Media Network (RMN) Company 463, DPS Apts., Plot No. 16, Sector 4, Dwarka, Phase I New Delhi 110 078, INDIA C ​ ontact by email

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