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Showing posts from November, 2020

Fewer than 10 percent of small businesses that applied are expected to get state grants - BetaBoston

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Fewer than 10 percent of small businesses that applied are expected to get state grants - BetaBoston Fewer than 10 percent of small businesses that applied are expected to get state grants - BetaBoston Posted: 29 Nov 2020 10:53 AM PST Only about one of every 10 applicants for two new state grant programs to help small businesses endure the COVID-19 pandemic will get any money for now, due to overwhelming demand for the funds. That is the word from the Massachusetts Growth Capital Corporation, the quasi-public agency overseeing the programs . It sent an e-mail to applicants the night before Thanksgiving, informing them it had received more than $518 million in grant requests for $50.8 million in available funding. Mass. Growth Capital said that means it will be able to provide grants only to about 9 percent of the applicants, without additional funding. Advertisement The Globe had reported earlier that day that Mass. Growth C

Small business confidence drops to all-time low after Biden election - CNBC

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Small business confidence drops to all-time low after Biden election - CNBC Small business confidence drops to all-time low after Biden election - CNBC Can a Start-Up Mentality Save Small Businesses? - The New York Times The Franchise Relationship That Powers Small Business Is Fraying - The Wall Street Journal Small Business Spotlight: HomeGrown Decatur – Decaturish - Locally sourced news - Decaturish.com Small business leader: Angie Lienert of Columbia-based IntelliGenesis - Baltimore Sun Small business confidence drops to all-time low after Biden election - CNBC Posted: 30 Nov 2020 03:00 AM PST A survey of small business owners across the U.S. finds confidence dropping to an all-time low after Biden's election victory with fears that taxes will go up and regulations become more onerous. Boston Globe | Boston Globe | Getty Images Small business confidence has fallen to an all-time low

UK smart buildings software startup Metrikus completes Series A round, plans to expand to India, Japan, and Korea - UKTN

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In the recent past, the demand for smart building products has increased manifolds and is forecast to grow in the upcoming year. Smart building applications come in various sizes and shapes depending on the building and purpose.  Based out of London, Metrikus is a smart building platform that integrates sensors to create more sustainable, healthy, and productive places to live and work.  Completed Series A funding The UK company announced the completion of Series A funding, doubling its total funding to £5 million since its inception in May 2019. Metrikus’ Series A round attracted institutional capital as well as private investment vehicles. Gary Cottle, CEO of Metrikus said: “Metrikus has been able to double its funding in the past year despite, or perhaps partly because of, the impact that Covid-19 has had on the commercial property sector. In all market conditions, knowledge is power, and our software provides building owners and occupiers with the most powerful platform availa

The Rise and Fall—and Rise Again—of Chinese EV Startup NIO - The Wall Street Journal

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SHANGHAI—A year ago, Chinese electric-vehicle startup NIO Inc. was near ruin. Today it is worth more than General Motors Co. NIO’s brush with bankruptcy and its subsequent revival to become the world’s fourth most valuable auto maker—only Tesla Inc., Toyota Motor Corp. and Volkswagen AG are worth more by market capitalization—is a measure of investors’ seesawing faith in Chinese EV startups, which for years promised a high-tech automotive revolution that proved elusive. From...

Toyoda Gosei Invests in Ball Wave, a Startup from Tohoku University - Business Wire

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KIYOSU, Japan--( BUSINESS WIRE )--Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested 1 in Ball Wave Inc., a startup from Tohoku University that develops practical applications of ball SAW sensors. 2 These sensors use natural collimation of surface acoustic waves (SAWs), a physical phenomenon predicted and experimentally verified by researchers at Tohoku University, and can instantly detect various kinds of matter in air and other gases at the nanoscale. Toyoda Gosei and Ball Wave will leverage Toyoda Gosei’s surface treatment technologies, such as painting and plating technology cultivated in the development and production of automotive interiors and exteriors, to achieve coatings for better ball SAW sensor performance. In the future, the two companies aim to develop a sensor that can detect viruses in the air with a view to combining it with Toyoda Gosei’s deep UV LED technology that can eliminate the novel coronavirus and other viruses. Toyoda Gosei will continue to tackle social i

Restaurant Voice AI Startup Kea Raises $10M - Voicebot.ai

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Restaurant voice AI service startup Kea has closed a $10 million funding round led by Marbruck. The startup offers an artificial intelligence platform capable of handling standard restaurant phone calls, backed up by human operators to limit frustration with AI limitations. Maitre’D AI When someone calls a restaurant contracted with Kea, the automated voice assistant will pick up and engage with the customer to handle a standard order with the usual variations in language. As an example, Kea points to people calling a pizza restaurant with a custom order based on items listed on the menu. What makes Kea perform better than any other AI platform is the specificity of its focus. Because the AI is zeroed in on restaurants and food, it doesn’t have to account for the entire breadth of human language, keeping the model smaller and more efficient. To avoid problems, Kea also includes immediate transfers to a human operator upon request. Kea claims the AI saves 10 hours of labor a week on

State approves $100M in grants for New Mexico small businesses - KRQE News 13

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State approves $100M in grants for New Mexico small businesses - KRQE News 13 State approves $100M in grants for New Mexico small businesses - KRQE News 13 Posted: 25 Nov 2020 03:35 PM PST SANTA FE, N.M. (KRQE) – Gov. Michelle Lujan Grisham signed the $330 million relief bill Wednesday. It will help people who are out of work, as well as struggling New Mexico small businesses. Millions of dollars are now going into their pockets — with no repayment needed — at a time when many businesses are closed at their busiest time of year. Unlike much of the financial help that was offered earlier this year, the relief passed through the New Mexico legislature Tuesday are specific grants for small businesses. Local leaders hope they will provide some peace of mind for business owners in need. Gov. Lujan Grisham signs $330M relief package for New Mexicans "A lot of businesses are not in a position to take on any debt. They're hanging on

Excelsior, Minnesota pivots on Small Business Saturday during pandemic - KSTP

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Excelsior, Minnesota pivots on Small Business Saturday during pandemic - KSTP Excelsior, Minnesota pivots on Small Business Saturday during pandemic - KSTP Small business shopping feels nearly normal at outdoor City Foundry STL market - STLtoday.com Small Business Saturday in Rochester - Spectrum News How Small Businesses Can Survive The Growing Pandemic - Forbes Excelsior, Minnesota pivots on Small Business Saturday during pandemic - KSTP Posted: 29 Nov 2020 06:45 AM PST "It's definitely different during covid," said Cole Wilson, of Excelsior. "But I feel everyone is respecting it and wearing masks everywhere."     Also everywhere: sale signs--- and precautions.  "Yeah, I think that $14.50, yup," Erin Martin said to a customer.  Martin is now in charge of her family-run women's clothing store, where she wants her customers to be safe.  "My dad started it 49 years ago