1,000 Dreams Fund and HARMAN Unite to Award ‘New Face of Tech’ Scholarships

The goal of the scholarship program is to foster the passions of the next generation of female tech leaders by opening doors to their future career goals and aspirations. This year, 40 aspiring changemakers in tech will be selected to receive a $1,500 grant each and a JBL product, obtain career coaching from a HARMAN executive, build resume skills, and have an opportunity to interview for an employment opportunity at HARMAN, a global leader in consumer electronics and connected technologies for the home, office, and car.

In light of the unprecedented challenges many college women are facing due to COVID-19, HARMAN has expanded its commitment to 1,000 Dreams Fund to help even more young women fund their dreams. The two organizations make a powerful team, and since the program’s launch in 2017, over $50,000 has been granted to inspiring young women in tech throughout the country. Additionally, 1DF is a

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Indonesia’s AC Ventures Targets New $80 Million Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than

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New Bahrain-based $60 mln MENA VC fund sees post-COVID tech wave

DUBAI, Oct 11 (Reuters)A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking on the regional growth of tech and tech-enabled business in the post-coronavirus world.

Plus Venture Capital (+VC) aims to close fundraising before the end of the year, which is expected to come from mostly regional institutional investors and family offices.

“We think that future growth in the region will be coming from tech-enabled business; for GDP and for job creation. We saw it happen in the last two recessions,” Plus Venture Capital co-founder Sharif El-Badawi said.

They will make seed stage and series A investments.

As part of efforts to tackle its deficit and diversify the economy, Bahrain has been trying to re-establish itself as a regional finance centre after losing ground to Dubai, and has been marketing itself as a financial technology and start-up

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AC Ventures Targets New $80 Million Indonesian Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than

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New Bahrain-based $60 million MENA VC fund sees post-COVID tech wave

DUBAI (Reuters) – A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking on the regional growth of tech and tech-enabled business in the post-coronavirus world.

Plus Venture Capital (+VC) aims to close fundraising before the end of the year, which is expected to come from mostly regional institutional investors and family offices.

“We think that future growth in the region will be coming from tech-enabled business; for GDP and for job creation. We saw it happen in the last two recessions,” Plus Venture Capital co-founder Sharif El-Badawi said.

They will make seed stage and series A investments.

As part of efforts to tackle its deficit and diversify the economy, Bahrain has been trying to re-establish itself as a regional finance centre after losing ground to Dubai, and has been marketing itself as a financial technology and start-up hub for

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Launching two years, it has become an emerging market fund like no other



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It has been a tricky debut for Mobius Investment Trust since its launch on the London Stock Exchange two years ago. 

The £100million fund, investing in under-researched and little known emerging market companies, has had to cope with a difficult stock market backdrop – with its share price falling back more than 20 per cent in March this year as the coronavirus pandemic panicked markets worldwide. 

Although the shares have since bounced back strongly – 47 per cent over the past six months – they are trading at around their £1 launch price. 

Yet manager Carlos Hardenberg is convinced the trust, with its focus on small technology firms, healthcare stocks and companies specialising in online educational tools, offers an outstanding opportunity for investors to make long-term returns. 



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‘It’s been a challenging and exciting two years,’ says

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An emerging market fund like no other



MailOnline logo


© Provided by This Is Money
MailOnline logo

It has been a tricky debut for Mobius Investment Trust since its launch on the London Stock Exchange two years ago. 

The £100million fund, investing in under-researched and little known emerging market companies, has had to cope with a difficult stock market backdrop – with its share price falling back more than 20 per cent in March this year as the coronavirus pandemic panicked markets worldwide. 

Although the shares have since bounced back strongly – 47 per cent over the past six months – they are trading at around their £1 launch price. Yet manager Carlos Hardenberg is convinced the trust, with its focus on small technology firms, healthcare stocks and companies specialising in online educational tools, offers an outstanding opportunity for investors to make long-term returns. 



diagram


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‘It’s been a challenging and exciting two years,’ says

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New Orleans Saints’ Malcolm Jenkins starts venture capital fund with NFL players

Malcolm Jenkins has teamed with fellow NFL players to launch a venture capital fund.

The three-time Pro Bowl safety and two-time Super Bowl champion launched Broad Street Ventures on Wednesday. The fund focuses on late stage and growth stage technology and consumer products. It has already invested in Airbnb, Epic Games, Turo, NoBull, Automattic and ZenWtr.

Jenkins, a strong advocate for racial equality, hopes his newest business introduces more Black men and women to the venture capital world.

Jenkins and co-founder Ralonda Johnson recruited additional NFL players and industry leaders to represent the fund. Among them are defensive backs Devin McCourty and Jason McCourty of the New England Patriots, safety Rodney McLeod of the Philadelphia Eagles and free-agent wide receiver Jordan Matthews. Jenkins played with McLeod and Matthews in Philadelphia. Also, television broadcaster Sharrie Williams is part of the fund.

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“While less than 1% of American venture capital

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AI Startup Vestun Launches Hedge Fund Navigating Market Turbulence

Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.

Vestun

Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.
Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.
Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.

Zurich, Switzerland, Oct. 07, 2020 (GLOBE NEWSWIRE) — Vestun, a Swiss-based financial and technology company has now opened the launch of its hedge fund to new outside investors. The firm which until now has been only managing its own capital announced that its investment vehicle will open to institutional investments including banks, multi-family offices and asset managers within certain jurisdiction. 

The company flagship strategy trades liquid US equities systematically. The strategy is designed to autonomously adapts its portfolio and risk exposure dynamically to the prevailing market conditions. In contrast to traditional systematic strategies, Vestun’s approach does not rely on statistical rules and historical events

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Miami alumnus Rick McVey ’81 ensures expansion of Miami’s transdisciplinary data science program with a $20 million gift to fund visionary new building

“Richard M. McVey Data Science Building” name approved by Miami Board of Trustees

rick-mcvey

Rick McVey (Miami ’81)

Miami University has announced a $20 million gift from Rick McVey (Miami ’81) which will fund a construction of a new data science building on Miami’s Oxford campus. In recognition of this contribution – one of the top-five largest single gifts in Miami’s history – the building will be named the Richard M. McVey Data Science Building in his honor, an action recently approved by the Board of Trustees.

Miami President Greg Crawford underscored that this gift is central to making Miami’s vision of creating an academic epicenter for data science a reality.

“An interdisciplinary team of faculty and staff have been working on a design for this building that will transform our academic programs related to data science and digital technology. This gift makes that vision a reality,” Crawford said. “We are

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