CNN's John Defterios looks at an innovative scientific research program seeking to unlock the energy potential of algae as potential replacement for fossil fuels.
Algae requires a lot of fresh water for cultivation. Dr. Hector Hernandez told CNN: "It's only been very recently that we've realized that the desert is teeming with life... as we've explored more that all these exciting things have started to show themselves."
Bruce Upbin discusses the most innovative companies in the world and the culture needed to foster such innovation.
When it comes to India's food security bill, some say that morally it is the right thing to do while critics say there's no free lunch.
The Indian government estimates that food subsidies will cost around $25 billion annually. CNN's Mallika Kapur reports.
Traditionally, Silicon Valley and New York have been the main places for entrepreneurs to launch their businesses.
Now, however, other centers are emerging as start-up hotbeds.
Google Campus, opened in London last year, has been at the forefront of the city's start-up scene.
The center has attracted entrepreneurs locally and internationally, with interest from Europe to the U.S.
Eze Vidra, head of Campus for Google in London, said one of the city's challenges had been a "lack of density of start-ups. " Previously, the city had missed a center allowing people to congregate and host events, he said. The Campus has created "a centre that people know to go to," he said.
Vidra describes the Google Campus as something between “real estate and software…it’s a building filled with start-ups in East London where Google, together with partners, creates an environment for start-up companies to learn, grow and network with each other.”
Editor's note: Ivan Nikkhoo is managing director at Siemer & Associates, a boutique merchant bank that provides highly targeted M&A, capital raising and financial advisory services to Internet, software and digital media companies.
One question I am most often asked is: “How much is my company worth?”
In addition to the customary, “it depends,” my answer is usually followed by: “It depends on who the buyer is.”
As Bill Gates famously said: “Intellectual property has the shelf life of a banana.”
So, in the tech world, there is a constant and continuous search for good, scalable intellectual property (IP). “Scalable Intellectual property” essentially means that the system or network of a company must have the ability to be expanded - and keep up with the times.
Tech companies are generally cash rich, and the pace of internal developments can’t possible keep up with the necessary growth expected by Wall Street. So there's always appetite for growth opportunities.
There are ways to work out the value of your company, and here are my three top tips for doing so:
1. Hire a good investment banker. A good investment banker does many things for a client. He finds the right buyers, creates urgency, positions the company for the highest valuation, negotiates, and, most importantly, acts like a therapist when, inevitably, the deal looks like it is going South 20 times before it actually closes as parties are fatigued, frictions rise, and common sense is replaced by ego.
2. Find the right buyers. And any good investment banker knows that there is one buyer out there that is willing and able to pay the extra premium for an asset.
3. Know the dynamics of your particular industry. So when the time is right for you to check the market for an exit, hire a banker specialized in your segment, make sure your potential buyers understand and focus on the strategic nature and increasing value of the transaction and take the time to fully understand the landscape.
As Warren Buffet said, “Price is what you pay. Value is what you get.”
(CNN) – In the Middle East, the demand for apps is high - and growing.
CNN's Leone Lakhani explores how reliant people in the region are becoming on mobile applications, and what it can mean for day to day life.
By Nina dos Santos, CNN
A grey day in Brussels provided an apt backdrop for addressing the bleak job prospects facing Europe’s younger generations.
With a quarter of their 16 to 25-year-olds out of work, youth unemployment has become one of the most pressing issues facing EU leaders today.
Among the potential solutions tabled was using the European Investment Bank as a mechanism for providing small businesses with loans, so they can hire.
Job and training guarantee schemes were also agreed by member states as well as a plan to roll out 6 billion euros ($7.8 billion) to the hardest hit countries like Greece and Spain where more than half of the young workforce is standing idle.
But the funds committed so far are a drop in the ocean compared to the size of the problem. FULL POST
(CNN) – A hospital in Chile is trying to reduce the threat of infections by using equipment, including bed rails and washbasins, made of copper.
A study into effectiveness of copper to kill bacteria is taking place at the Roberto del Rio children’s hospital in Santiago de Chile, and scientists say that the initial results are positive.
Dr Marisol Navarette, in charge of the clinical trials, says: ”The ions of copper interact with the membrane of the bacteria, their metabolism gets disturbed and they are killed by copper.”
The project is spearheaded by Codelco, Chile’s state-run mining company and the biggest copper producer in the world, in partnership with foreign investment.
Chilean company Copper BioHealth already manufactures hospital products made out of the metal, and after the Environmental Protection agency in the U.S. registered copper as an anti-microbial agent, it will have the option to market their products internationally.
(CNN) – A luxury Parisian men’s footwear label plans to start selling bespoke shoes made of camel leather.
The shoes, which exclusive label Pierre Corthay will sell from between $1,600 and $1,800 per pair, will be manufactured by a tannery located in the desert between Dubai and Abu Dhabi.
Xavier de Royere, Pierre Corthay’s CEO, said: "It’s a great place. I found people who are very passionate about what they do, and this magical, extraordinary skin.”
Products including camel meat, milk, and even camel milk chocolate have been exported outside the Gulf states, but have not been widely successful. But de Royere says that, as well as being more resistant and softer than cow leather, camel leather has the novelty factor. "It’s always great to try something people have not tried before,” he said. “It excites customers.”
(CNN) - A groundbreaking new initiative is helping small business owners in Somalia link with donors through a mobile phone money transfer system.
E-Cash, a program backed by charity Oxfam, offers the convenience of avoiding long waits at money changers, and erases security issues that go with carrying cash in the street.
The initiative, which launched last year and already has 2,500 beneficiaries, targets vulnerable communities, such as women whose husbands have left them and who are breadwinners for their families, as well as disabled people.
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