Startup Watch: Facebook TV, gone with the wind, and crowdfunding in the UAE
The world of entrepreneurship news is a complex one, with people ever ready to give their two cents on how you should be running your business, pitching your business and what’s trending.
Here is our what we’ve read this week about Facebook new TV, how Google is ranking its apps, and crowdfunding now regulated in the UAE.
Let’s zap to Facebook: Netflix, Youtube, on-demand video platforms, and cable providers. Here is the big news: Facebook TV is going live this month apparently. The growth-hungry corporation seems to have plans to tackle every ad (and money) generating segment, and this time it will be broadcasting scripted and user-generated content, expected to be of upper quality, and will be targeting young viewers. No remote control needed!
Thank you Google Play: Say goodbye to apps that will drain and exhaust your Android phone. Google will be introducing a new app search algorithm that will favor better performing apps on Play Store rankings. Chapeau for favoring quality over quantity.
Crowdfunding, check: Banks rejected your loan request? No problem. The Dubai Financial Services Authority (DFSA) introduced new regulations that will allow startups and small to medium enterprises (SMEs) to raise funds through crowdfunding. These regulations are considered as the Gulf’s first step to formalise a tailored regime for loan and investment crowdfunding platforms. With the developing startups ecosystem in the country, this seems to be promising.
Girl power: Hult International has proven to be more than just a well known business school. The university is providing women entrepreneurs with a platform to develop their academic knowledge from master’s level to Executive MBAs. Various women entrepreneurs have already kicked-off their successful ventures following the courses they benefited from in the school. Here are some good profiles to explore.
Always have this in mind: No matter how advanced your startup gets, how many investors you manage to attract, and despite the potential successful exit you have always dreamt of, always take into consideration these tips given by the Young Entrepreneurs Council’s expert: Talents, time management, and plans for the future, are the golden three.
Wamda of the week: Positive ICT growth in the Arab world reflects more opportunities for SMEs: The recent figures of the International Communication Union (ITU) reflect nothing but the region’s dynamism and fast-pace development. Positive indicators from the telecom and IT worlds echoes the region’s audiences avidness and eagerness to go that extra mile in using the internet and engaging with all its derivative. This certainly unleashes a plethora of SMEs and business opportunities.
On your mark, get set, go: Going with the wind, (or the light?) doesn’t seem to be impossible anymore with many startups aiming not to only revolutionize the transportation means of the future, but to push them beyond our imagination. US startup Hyperloop One announced that it succeeded in tripling the speed of its passengers pod in a recent test outside of Las Vegas, at almost 310 km/h.