Tag: startups

13
Oct
2020
Posted in technology

Did COVID-19 steal your sales? This is how 9 Latin American startups successfully entered e-commerce


5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.


Technological innovation and process optimization are booming. Changes and restrictions in physical interaction since the pandemic have forced companies to change the way they operate and do business, the recent McKinsey & Company survey “What 800 executives envision for the postpandemic workface ” conducted of executives of companies around the world, shows that a third of companies have accelerated the digitization of their supply chains, half have accelerated the digitization of their customer service channels, and two-thirds have more quickly adopted artificial intelligence and automation.

Undoubtedly, the pandemic has shown us that the digitization of companies of any size is necessary and that being prepared and being able to adapt quickly is essential. There has been an important evolution in consumer habits and in the adoption of purchasing through digital media, as mentioned in the eMarketer report, Latin America Ecommerce 2020 ( How COVID-19 will affect growth and sales in Argentina , Brazil and Mexico ), the region will have 191.7 million digital buyers and more than 10.8 million consumers will make a digital purchase for the first time this year.

In the region there are startups that are helping this entire process, standing out for presenting relevant innovations for sales processes, for promoting the digital transformation of companies through disruptive solutions that help them automate logistics and delivery processes, to increase productivity, for promoting customer loyalty and for allowing correct decision-making with the use of Big Data .

Here are some examples of these solutions, and the name of the startups that lead these changes, promoted by and belonging to Wayra , the Venture Capital of Telefónica

13
Oct
2020
Posted in technology

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 companies with game-changing inventions at a huge disadvantage.

Getting a patent is one of the most important strategic decisions a business can take. A patent not only protects a business idea from copycats, but it can also increase the value of the young company.

One of the reasons value increases is because a patent can block others from a market. Once a startup has it, they can make sure nobody else will enter that particular segment.

In a recent study, conducted by KISSPatent on patents in the specific field of blockchain, results showed an arms race between Alibaba and IBM. The Chinese e-commerce giant has published 10 times more blockchain-related patents than IBM in 2020, a year when blockchain patent numbers are generally skyrocketing. More blockchain-related patents were published in the first half of 2020 than in all of 2019, a year that had already seen three times more blockchain

05
Oct
2020
Posted in technology

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 data from LinkedIn on its top-ranked startups across six European countries — the United Kingdom, France, Germany, Spain, Italy, and the Netherlands.

To be eligible for the list, companies had to be founded in the last seven years, privately held, and headquartered in the country on whose list they appear. The firms had to have a minimum of 50 employees — so the list excludes some smaller startups. 

Scroll down to see the list of the top 30 startups across Europe. We’ve ranked the top five from each of the six European countries below. 

The UK

Arrival is the top startup in the UK

Founded in 2015, Oxford-based startup Arrival is working on prototypes for electric vehicles including buses and delivery vans.

Arrival’s position in the ranking reflects the rise of electric vehicle sales in Europe in the first quarter of 2020. According to the latest McKinsey report, the number

05
Oct
2020
Posted in technology

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 our Play Store policies,” said Purnima Kochikar, director of business development of games and applications at Google Play.

Paytm versus Google

The conflict between Paytm and Google has been simmering for several weeks now.

On Sept. 18, Paytm’s app was temporarily removed from the Google Play Store on allegations that it violated developer guidelines on real-money gaming. While the app was restored within hours, Paytm issued a statement alleging that Google was trying to suppress a formidable rival. “This will be familiar to all Indian internet companies since they face similar arm-twisting and fear of Google’s dominance over India’s digital ecosystem every day,” Paytm said in a statement on Sept. 20.

Over the last two weeks, several news reports claimed that some prominent Indian entrepreneurs, including Paytm’s founder and CEO Vijay Shekhar Sharma, were discussing the option of backing an alternate app store to fight Google’s monopoly.

Last week, around

05
Oct
2020
Posted in technology

Google defers Indian in-app commission fees after startups complain

BENGALURU (Reuters) – Alphabet Inc’s Google has extended its deadline for Indian app developers to comply with a new billing system by six months to March 31, 2022, the U.S. tech giant said in a blog post on Monday.

Google also said https://india.googleblog.com/2020/10/google-plays-billing-system-update.html it was setting up “listening sessions” with leading startups to understand their concerns and establishing “policy workshops” to clear any additional questions after it said it will more strictly enforce a global policy and charge a 30% commission fee for in-app purchases, irking some developers.

In recent days, many startups in India have banded together to consider ways to challenge Google, including by lodging complaints with the government and courts. They are upset about the 30% commission fee and say several other Google Play Store policies hurt their businesses.

Google said the policy is not new and more than 97% of developers with apps on its app store already comply with the policy.

“To be clear, the policy only applies if a developer charges users to download their app or they sell in-app digital items,” it said.

Globally, app developers have said 30% is excessive compared with the 2% fees of typical credit card payments processors. Google and rival Apple, which charges a similar fee, have said the amount covers the security and marketing benefits their app stores provide.

(Reporting by Nivedita Bhattacharjee and Chandini Monnappa in Bengaluru; Editing by Rashmi Aich and Christopher Cushing)

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