Many foreign Internet firms avoid decisions of Russian courts and state bodies, bringing up the fact that they work under the laws of the countries in which they are registered. Russia came up with how to terminate this problem. Internet firms found guilty of breaking Russian law could soon see the speeds at which their websites load cut by the Russian authorities.
The idea was arose during discussion of the FAS case against Google. In February 2015, the FAS started an investigation against Google for the complaint from Yandex, which accused Google of performing anti-competitive practices. Russia acknowledged Google guilty of violating the law. Google was fined $7.4 million.
The new restrictions would target corporations which are able to avoid judgments from Russian courts because they are formally registered abroad. The initiative of the new law is in the final stages of approval and is being tested in the presidential administration.
But while mobile operators already have equipment in place to slow Internet speeds, other companies do not. Technically, it is much more complicated to realize than banning, especially for fixed-line operators who have a huge decentralized network. Mobile operators are easier to do this because they already have deep-packet inspection systems: they let consumers to access a part of the site by blocking or slowing down access to others. In case of companies, who don’t have such systems, its installation will need investments worth hundreds of millions of dollars. These complex and costly efforts would go to waste because users could use tools for avoiding such limitations. Operators are not enthusiastic about the initiative. They report negative impact of introduction of such legislative restrictions: subscribers would blame the crporations for slowing down access to Youtube or Facebook.
Enterprise EMEA 2017 will take place on May 23 in London. It is hosted by Widebridge Group, a boutique investment bank focused on M&A and capital raising for technology companies. Among the speakers and attendees there will be representatives from companies like: Microsoft, Gemalto, and SAP as well as investors from firms such as Atomico, Lakestar, Index Ventures, Dawn Capital, KKR, and Blackstone.
Enterprise EMEA is an invite-only conference focused on enterprise software. It is meant for leaders in enterprise technology to connect, show their ideas and talk about industry trends. Attendees include the top EMEA region enterprise technology firms from growth to later stage, decision makers of top EMEA enterprises, top VC and private equity investors, and M&A managers of the world’s biggest technology firms.
According to the organizers, there is a lack of enterprise software events which enclose the whole enterprise. Therefore the event will be focused on enterprise technology – for startups, investors, and the ultimate buyers of these companies to all meet to raise more investments, more knowledge exchange and more contracts.
Many firms which participated in the conference last year have raised large rounds of funding or exited with big acquisitions over the last 12 months, such as London’s Weaveworks, which raised $15 million last May from Google Ventures and Accel, or PNMsoft, which was acquired by Genpact.
Uber may be prevailing in almost each country in the world, but it currently faces some big problems occurring worldwide with drivers feeling consistently short changed by the company.
Africa Ride is available on iOS and Android platforms and enables users to order private drivers, while proceeding the process of that driver in-app. In terms of operation it is very similar to Uber and its online finding drivers via an app. The crucial difference lies in real driver involvement in the business. Africa Ride empowers each and every driver by giving them ownership of a percentage stake in the business unlike the transportation giant.
Africa Ride app offers corporate accounts with weekly and monthly payment terms with the option to pay by wallet, and passengers can choose drivers according to the area they are in. It also offers personal customer care services disrupting the standard of speaking to an app that promotes trust between the firm and its clients.
Africa Ride operates in Johannesburg, Cape Town and Rustenburg. It is going to spread in the next few months to markets which have never used this type of service before.
Local firms fighting back and succeeding is not something we see often. International powerhouse brands permanently spread into African territories, conquering the market and truly putting solid stress on local companies. Africa Ride is looking for funding to hit new markets, but already has over 500 drivers in its system.
Already for the 11th time representatives of startups will be able to participate in the infoShare conference – the largest event for technology industry in Central and Eastern Europe. The event will take place on 17-19 of May in Gdansk, Poland. It will be accompanied by a Startup Contest, one of the biggest startup competitions in the CEE region. It is organized by the infoShare Foundation and Gdansk Business Incubator Starter. The winner will receive EUR 20 000 and will have a chance to win EUR 1 million. Startup struggles will be observed by over 5000 potential customers and business partners. More than 100 VCs and angel investors will attend along with speakers from companies like Google, Netflix, and Slack, and investment firms such as Inventure and Karma VC.
Last year there participated 200 startups from 13 countries. The international jury awarded the first place to Nexbio company, which is working on new methods for detection of crop diseases.
infoShare is an opportunity for young companies to raise funds too. Last year Saas Manager, creator of a platform for developers, won support in the amount of EUR 250 000. Many business representatives got interested in SaaS Manager before the announcement of the competition’s results. By the last day of the conference the company established contacts with companies such as Amazon, Intel, OVH or Startupbootcamp. And most importantly, the company started cooperation with FerberVC fund.
In this year’s competition there will also be provided additional prizes. Two of the best companies, in which there is at least one person from Poland, will receive so called wild cards to participate in the Pitch event in London. They enable innovators to present their offers to the investors in the UK. Microsoft will provide access to data processing in the cloud with a value of up to $ 120 000.
StethoMe™ is the world’s first electronic, wireless stethoscope that cooperates with a smartphone and has a built-in thermometer and an intelligent analysis system of sounds. The project could arise thanks to cooperation of a group of scientists, physicians, acousticians, computer scientists, designers and business people. The project is very ambitious, because the device is not just another gadget, but a specialized medical device. Thanks to it parents can auscultate baby’s lungs by themselves and then send the recorded sounds to a trusted doctor.
In the future StethoMe™ will be integrated with artificial intelligence algorithms, so that the device itself will be able to assess whether the sounds in the lungs mean only cold sickness or a more serious disease. For now, however, the startup only has a fully functional prototype of the device and is preparing for its production. Later this year the company intends to gain CE certificate (Conformité Européenne) and, in the first quarter of 2018, to debut on the market. There are already talks with potential partners from Germany and the Netherlands. The startup hopes that the project development and market entry will accelerate thanks to participation in the accelerator program organized by HighTech XL and Philips in Eindhoven. The company is now focusing on attracting investors who will support production process, as well as cooperation with telemedical companies and acquiring a strategic partner to be able to sell the device to customers. The product will be offered in a subscription model in addition to medical care package and should get to patients’ hands directly. Eventually the device will be sold in pharmacies or electronics stores. The buyer will be able to choose one of many telemedical partners and decide whether to pay a one-time larger amount, or use the subscription option.The project has been invested by: SpeedUp Group and the company Programa.pl, through which the company has been conducting it vision since January 2016. Since January 2017 the project has been co-financed by the European Regional Development Fund. The startup has scored a number of achievements:
Polish Intelligent Development Award, nomination, 2017
Bringing tech&science closer to people, finalists, 2017