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Startups

DPIIT collaborated with a major AC company to accelerate manufacturing innovation for Indian startups

The Department for Promotion of Industry and Internal Trade has entered into a strategic partnership with a major air conditioning manufacturer to bolster the startup ecosystem. This initiative focuses on scaling hardware and digital solutions within the HVAC and advanced manufacturing sectors through technical mentorship and infrastructure access.

India | 3 weeks ago

Investments & Funding

Japan and Nigeria launch JPY 3.142 billion initiative to bolster startup ecosystem and private capital mobilization

The Japan International Cooperation Agency and the Nigeria Sovereign Investment Authority have established a long-term partnership to finance West African startups. With a JPY 3.142 billion grant, the project aims to stabilize the local venture capital environment, foster social entrepreneurship, and create new corridors for strategic collaboration between Japanese enterprises and Nigerian innovators.

3 weeks ago • Nigeria

Investments & Funding

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

3 weeks ago • Central Africa;Western Africa

AI & Automation

NVIDIA unveils £2 billion plan to boost the U.K.’s AI startup landscape

NVIDIA has announced a £2 billion investment to supercharge the United Kingdom’s artificial intelligence startup ecosystem. The initiative aims to improve access to advanced computing, support emerging AI founders, create jobs, and strengthen the U.K.’s global standing in the AI sector.

3 weeks ago • United Kingdom

Startups

AI Search Startup Onton raises $7.5 million seed round to expand AI-driven search platform globally

Onton has raised $7.5 million in seed funding led by Footwork, with participation from Liquid 2, Parable Ventures and 43, bringing total funding to about $10 million. The capital will support product expansion, team growth and international market development.

3 weeks ago • United States

Mergers & Acquisitions

US Commerce Department to invest up to $150 million in in chip laser startup

The U.S. Department of Commerce plans to invest up to $150 million in xLight, a startup developing free-electron laser systems for semiconductor lithography. The proposed funding marks the first investment under the administration’s semiconductor R&D framework.

3 weeks ago • United States

Latest News

Energy & Power | 3 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 3 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 3 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 3 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.