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WhatsApp Co-Founder Brian Acton to Leave Company

WhatsApp co-founder Brian Acton is leaving the team to pursue a non-profit organisation "at the intersection of nonprofit, technology and communications." Acton and Ukrainian immigrant Jan Koum co-founded WhatsApp, which is now the biggest messaging app in the world with over a billion users globally. The company was acquired by Facebook in 2014 for $22 billion in a cash...

NIMechE Innovation Challenge 2017: Technological Solutions for Nigeria, by Nigerians by Kennedy Osagie

  Thursday January 5th, 2017 was a memorable and historical day in Nigeria; it witnessed the launch of the NIMechE Innovation Challenge 2017. Held at the NIMechE Lagos Chapter Secretariat at the Loco Building, Nigeria Railway Corporation, Ebuta Meta, Lagos State.   Stakeholders from Mechanical Engineering Departments from ten tertiary Institutions across Lagos State namely; University of Lagos, Lagos State University, Yaba...

How an engineering college project turned into India’s first electric motorcycle company BY Devjyot Ghoshal

Much of Kapil Shelke’s childhood was spent tinkering with toy cars, with a penchant for dismantling and then putting them back together.By the time he got to Pune’s DY Patil College of Engineering in 2005, he had moved on to bigger and more powerful toys—like motorcycles. A couple of years into his degree, he, along with three classmates, decided...

19-year-old entrepreneur skips college, raises $4 million for Portland startup

Fleet, a Portland logistics startup, raised the money in a round led by Hunt Technology Ventures.Max Lock approached ice cream as no other 15-year-old had. He set out to find a better way to manufacture it.Lock, now 19 years old and living in Portland, was working as an IT administrator at a pizza shop in his native Philadelphia when...

Producing entrepreneurial students – and universities by Karen MacGregor

With graduate joblessness rising and state funding dwindling, universities of technology are confronted by dual challenges – delivering entrepreneurship education and work-integrated learning to students, and themselves becoming more entrepreneurial – says Professor Irene Moutlana, vice-chancellor of Vaal University of Technology and deputy chair of the South African Technology Network, or SATN.Universities of technology are based on a transformative...

UK Venture Capital Firm Appoints Omobola Johnson Lead Partner In West African Operations

A London-based venture capital firm, TLcom, has appointed former Minister of Communications and Technology, Omobola Johnson, as lead partner as it kicks off its West African operations. The company, which opened its first Africa office in Nairobi, Kenya, two years ago, is ramping up its investment in African start-ups through its TLcom TIDE (Technology and Innovation for Developing Economies)...

BoI seeks private sector, research centres partnership

The Managing Director, Bank of Industry, Mr. Rasheed Olaoluwa has said that for the nation to adequately harness its abundance natural resources for industrialization, there must be synergy between the private sector and research centers.Olaoluwa, who spoke as a guest at the Nigeria Society of Engineers (NSE) Council meeting in Abuja, noted that while some of the nation’s research...

Top three errors of innovating engineering and technology start-ups By David Falzani

How can you keep your product — and your start-up — out of the dumper?The early hurdles of setting up a new business are fairly well known: choosing a name, setting up a legal entity, raising capital, evolving a product or service to sell etc. Having made all of this effort, it’s a shame that the failure rate is...

8 Ways to Prepare for the Many Startup Obstacles Ahead by Martin Zwilling

Too many entrepreneurs tackle starting a business as a random walk into a business minefield, and they count on their street smarts, thick skin and pure determination to get them to their destinations alive. That does work once in a while, usually with some serious collateral damage, but a less painful approach is to prepare and plan for each...

Mass. high-tech startup launches device that transforms any bike into an electric-hybrid

A Massachusetts startup is launching a new device that transforms almost any bicycle into an electric-hybrid vehicle using an app on a smartphone. The device, called the Copenhagen Wheel, is installed as part of a rear hub of a bike wheel and is packed with a proprietary computer, batteries and sensors that monitor how hard a rider is pedaling...