UAE, Sweden sign MoU on innovation for SMEs, start-ups

STOCKHOLM: An agreement signed by the UAE and Sweden for start-ups, innovation and entrepreneurship cooperation will take the two countries’ partnerships to a higher level, Sultan bin Saeed Al Mansouri, Minister of Economy. The MoU was signed by the Ministry of Economy and Swedish Ministry of Enterprise and Innovation during a visit by Al Mansouri […]

Audi’s new China head confirms battery talks with Buffett’s BYD

Shanghai: Audi AG said it is in talks to buy batteries from China’s BYD Co. for its locally made cars, a move that would break the luxury automaker’s reliance on a single supplier in the country as it rolls out new electrified models. “We are in talks with BYD, but I cannot tell you details,” […]

European Union plans $3.9 billion fund for start-ups in ‘valley of death’

Brussels: The European Union is planning a 3.5 billion-euro ($3.9 billion) fund that will invest in early stage technology in an effort to increase the pipeline of innovations that might someday take on giants in the US and China. Traditional venture capital firms typically don’t fund “the famous innovation valley of death,” where science has […]

Abu Dhabi Investment Authority keen to invest in Kerala, Chief Minister Pinarayi Vijayan says

Thiruvananthapuram: The Abu Dhabi Investment Authority (ADIA) has expressed its desire to invest in Kerala, said Chief Minister Pinarayi Vijayan. Vijayan’s office informed on Friday that following a discussion the Chief Minister had with top officials of ADIA here, they have expressed their desire to invest in projects in the state. The projects that ADIA […]