It’s Time For Startups To Use AI To Battle Tech Giants In Patent Wars

Technology giants such as Alibaba and IBM are eating startup innovators’ lunch. These behemoths are seeking to devour even more market share by publishing patents at unprecedented speed in emerging technologies such as blockchain.

As some of the richest companies on the planet, the corporations have the resources to manage the laborious search of existing patents and to overcome the outdated administrative hurdles so that they can file for intellectual property rights.

Patents are definitely old school. Patent laws started with the rise of the nation-state, so they began in the 18th century and were then fully developed in the 19th century. Some changes may have been made to reflect new technologies, but the basic patent laws haven’t evolved to meet the needs of the 21st century.

We’re patenting ideas based on today’s high-tech of artificial intelligence and blockchain with laws that were established centuries ago.

All this puts early-growth

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Japan start-ups see hope on horizon

Hampered by cautious investors and a rigid corporate culture, Japan has produced just a handful of major start-ups. But there are signs that could be changing, industry insiders say.

Despite being the world’s third-largest economy, Japan is far behind the United States and China when it comes to producing “unicorns” — new comapnies valued at more than $1 billion in private funding.

There are nearly 500 unicorns worldwide, from Silicon Valley rental giant Airbnb to Bytedance, TikTok’s Beijing-based parent company.

But only four of these firms are Japanese, according to the latest list compiled by US analytics platform CB Insights.

“Relative to its GDP, Japan should have at least 50 to 60 unicorns,” said Gen Isayama, head of World Innovation Lab, a California-based company that provides advice and capital to start-ups, with a focus on Japan.

“In Japan, innovation efforts have always been led by big corporations,” he explained, with

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Minority tech startups in the US have seen almost no progress in VC funding

Black and Latinx tech startup founders have made almost no progress in securing venture capital (VC) funding over the past seven years in the US, a Crunchbase study released today found. During that period, startups helmed by Black and Latinx founders received just 2.4% of VC investments; so far this year, that figure is slightly higher at 2.6%.

Reasons cited for the persistent low percentage derive from the greater poverty among those groups relative to the White population. Black and Latinx would-be founders have much less access to their own seed capital and to resources from family and community members to launch their firms, yet such “bootstrapping” is considered an essential first step before investors will join in. And they often lack the professional or college networks that can be crucial to connecting with initial “angel” investors or to the venture capital community that typically funds later rounds.

That reality

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Google is providing cash awards to 76 startups through a racial equity initiative announced in June

In June of this year, as more of the world began to awaken to the many ways that people of color are systematically discriminated against amid months of protest, a wide number of companies announced initiatives aimed at improving the representation of underrepresented groups within their own ranks and as recipients of their investment dollars.

Unsurprisingly, Alphabet, among the world’s biggest and most profitable companies, was among them. Specifically, as part of Alphabet’s commitment, Jewel Burks Solomon — who is the head of the company’s nine-year-old program Google for Startups — agreed to help steer $5 million in cash rewards of up to $100,000 to select startups.

The company didn’t waste much time. Today, Solomon is announcing that the money has been committed to 76 different startups that were chosen for their geographic diversity as well as the diversity of their companies’ mission.

Solomon and her team had some help.

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10 Startups Selected for Accenture’s 2020 FinTech Innovation Lab Asia-Pacific

Accenture and 19 leading financial services firms to mentor financial technology entrepreneurs in seventh annual program

Ten leading fintech companies have been selected for the seventh annual FinTech Innovation Lab Asia-Pacific, a mentorship program created by Accenture (NYSE: ACN) that helps startups fine-tune their business plans and solutions by pairing them with mentors from leading financial institutions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005840/en/

Ten leading fintech companies have been selected for the seventh annual FinTech Innovation Lab Asia-Pacific. (Graphic: Business Wire)

This year’s program received applications from 162 companies across more than 30 countries, with solutions related to the five themes for the 2020 program: data & analytics; digital bank solutions; emerging technologies; health insurance ecosystem; and intelligent automation.

Leveraging artificial intelligence (AI), advanced analytics, natural language processing and other technologies, the 10 selected startups — which hail from seven markets — have developed innovations

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Here are the top European startups where people want to work in 2020

  • LinkedIn published its Top Startups of 2020, which features the startups its users most want to work for in different countries.
  • Featured companies in Europe include transportation startups such as Arrival and Dott; neo-banks such as Revolut and N26; and health startups like Doctolib.
  • We’ve got exclusive data on the top startups across six European countries, and ranked the first five for each.
  • Visit Business Insider’s homepage for more stories.

LinkedIn has released its annual ranking of the hottest startups to work for.

The list is based on how half a billion LinkedIn users interact with startups on the site across four areas: user engagement with the company and its employees, employee growth, job applications started on LinkedIn, and how often people working for firms on LinkedIn’s top companies list — a different list of firms with over 500 employees — move over to these startups. 

Business Insider got exclusive

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Paytm’s mini app store for Indian startups has Google take note



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© Provided by Quartz


Today (Oct. 5), India’s most valued tech unicorn Paytm announced it has launched its own “mini app store” where Indian startups can leverage its extensive distribution network free of cost.

Within minutes of this announcement, Google published a blog post stressing it is “deeply committed to the success of the Indian ecosystem.”

The internet search major, which owns the Android smartphone operating system, also said it is postponing the enforcement of its new Play Store billing policy in India to April 2022. The new policy allows Google to ensure it gets as high as a 30% cut on in-app purchases made through Android apps. Globally, the new policy will be implemented in September 2021.

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“We are setting up listening sessions with leading Indian startups to understand their concerns more deeply. We will be setting up Policy Workshops to help clear any additional questions about

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Google defers Indian in-app fees after angry startups complain

By Aditya Kalra and Nivedita Bhattacharjee

NEW DELHI/BENGALURU (Reuters) – Alphabet Inc’s Google has extended its deadline for Indian app developers to comply with a new billing system for commission fees by six months, it said on Monday, days after local startups voiced anger about the charges.

Google will now enforce its global policy more strictly and charge a 30% commission fee for in-app purchases from Indian developers from March 31, 2022, the company said, saying it was “being mindful of local needs and concerns”.

The move comes after many startups in India banded together to consider ways to challenge the company by lodging complaints with the government and courts over the original deadline for compliance of Sept. 30 next year.

They were upset about the commission fee and also criticised several other Google Play Store policies for hurting their businesses.

“We do not succeed unless our partners succeed,” Google

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Indian Startups Band Up Against Google Dominance, Want To Build National Alternative To Play Store

KEY POINTS

  • Google Play will collect a 30% commission on in-app purchases from 2021
  • Indian startup founders called these charges “unfeasible”
  • Google’s Android holds a 95.8% market share in India

More than 150 top Indian startups and businesses, some of them big names, have banded together to challenge Google’s monopoly over the Android app ecosystem in India  and build an app store that the country can call its own, TechCrunch reported.

The move by Indian businesses to to build a national altenative to Google Play was prompted by Google’s recent annoucement to force app developers on its store to use its payments system, which takes a 30% cut on transactions including in-app purchases. Reports said founders of leading startups like Paytm, a payments app simiar to Google Pay and is India’s most valuable startup; MakeMyTrip and PolicyBazaar discussed Google’s policy and the concerns on dependence on Google on a call.

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Cannabis VCs explain what it takes for startups to get their attention

  • As the cannabis industry matures, winners have begun to separate themselves from the pack and position themselves as leaders in their categories.
  • VCs are taking notice. They said they’re shifting their investment dollars from early stage firms to growth stage companies that already have a proven track record.
  • According to data from PitchBook, VC investment in cannabis startups cratered this year, as the cannabis bubble burst and investors pulled back during the pandemic.
  • Many investors told us they’re still open to new exceptional startups, however.
  • Business Insider talked to six VCs who say that for a startup to get their attention, the company would need to have solid leadership, an idea that would completely innovate or create a category, and the ability to scale quickly, among other qualities
  • Subscribe to Insider Cannabis for more stories like this.

The crowded cannabis market has thinned out since its boom in late 2018,

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