BootstrapAccelerator Asia Wants To Bring Promising Southeast Asia Startups To Silicon Valley
Though Southeast Asia is one of the world’s fastest growing economies and benefits from a youthful, tech-savvy population, the region’s startup ecosystem is still in its infancy and many founders lack resources. The freshly launched BootstrapAccelerator Asia seeks to address that gap. Founded by San Francisco-based seed and venture capital fund BootstrapLabs and Malaysia’s MAD Incubator, BootstrapAccelerator Asia is currently seeking startups that have the potential for global expansion. The year-long program will focus on “early-stage capital efficient startups that leverage the speed of Internet distribution and the scalability of cloud infrastructure,” bringing promising candidates to Silicon Valley. Foreign startups that BootstrapLabs has previously relocated to Silicon Valley include Prezi, Witsbits, AudioDraft and Zerply, which have raised a combined $25 million in funding. MAD (Make A Difference) Incubator is the largest private incubator in Malaysia, with the goal of helping ...
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Join TC In DC On Friday For Our White House Correspondents Dinner Weekend Party
As partygoers decend into DC for the annual White House Correspondents Dinner, TechCrunch wanted to remind the nation’s policy wonks of the startups that are keeping America on the cutting edge of innovation. So, we’re inviting proud geeks to party with us at the swanky new headquarters of startup incubator, 1776. On Friday, April 26th from 8pm-11pm, Aol founder Steve Case co-hosts the 1776 grand opening with patriotic-themed desserts, a full bar, and a (brief) thoughtful discussion on immigration, Internet taxes, and startups with Congressmen Darrell Issa and Joaquin Caster–after which there will be a rocking band and a lot of great friends who geek out over both open source and open government. It turns out that the technology industry is kind of the cool kid in the nation’s capitol. Word got out about the event before this announcement and it was so popular, we sold out of our initial round of 600 tickets in 48 hours. So, we’re opening up a few hundred more. Go to 1776.Eventbrite.com ...
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Bruce Schneier: A Cyber Cold War Could Destabilize the Internet
moon_unit2 writes "In an op-ed piece over at Technology Review, Bruce Schneier says that the cyber espionage between the U.S., China, and other nations, has been rampant for the past decade. But he also worries that the media frenzy over recent attacks is fostering a new kind of Internet-nationalism and spurring a cyber arms race that has plenty of negative side-effects for the Internet and its users. From the piece: 'We don't know the capabilities of the other side, and we fear that they are more capable than we are. So we spend more, just in case. The other side, of course, does the same. That spending will result in more cyber weapons for attack and more cyber-surveillance for defense. It will result in move government control over the protocols of the Internet, and less free-market innovation over the same. At its worst, we might be about to enter an information-age Cold War: one with more than two "superpowers." Aside from this being a bad future for the Internet, this is inherently ...
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Tesla Motors To Pay Off Government Loan 5 Years Early
fredan sends word of a post at the Tesla Motors blog detailing how the company will be paying off its $465 million government loan 5 years early. Quoting: "This is a significant announcement both for Tesla and for the DOE. It is a marker of the successful launch of the Model S and the incredible market reaction to this award-winning car. And it is a tribute to the success of the DOE's Advanced Technology Vehicle Manufacturing Program (ATVM), a program which was chartered by Congress and signed into law by President George W. Bush, to accelerate the market for a broad range of promising automotive efficiency technologies — electric vehicles (EVs) principal among them. ... Following more than a year of thorough due diligence by commercial auditors, automotive consultants and lawyers, on January 20, 2010, Tesla became the recipient of one of three initial DOE loans announced by Secretary Chu, along with Ford and Nissan – good company for a start-up automaker. Tesla’s loan of $465 million ...
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Law Would Force Patent Trolls To Pay For Failed Lawsuits Against Innovators
America’s esteemed lawmakers want heavy penalties for those who abuse the patent system. A bipartisan bill has been proposed to force so-called patent trolls, those who hoard patents for the sole purpose of suing innovators, to pay the legal costs if their frivolous patent lawsuits fail in court. The Saving High-Tech Innovators from Egregious Legal Disputes (SHIELD) Act has been widely praised by major tech companies and acronym enthusiasts. “Patent trolls add no economic benefit to our nation,” said co-sponsor Representative Jason Chaffetz (CrunchGov Grade: A). Indeed, one study found that trolling activity accounts for 61 percent of all patent disputes. Penalties for patent trolls have support from two influential people in the government: President Obama and the new chair of the House Judiciary Committee. During a Google+ hangout earlier this month, Obama said, “They don’t actually produce anything themselves. They’re just trying to essentially leverage and hijack someone ...
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