Startups won prizes in Azerbaijan, Ukrainians received grants from Google

02 June, 2022

Startupers from Turkey with their project Co-Print (3D technology), who took 3rd place at the TAKE OFF BAKU startup summit in Azerbaijan


British clothes marketplace bought Belarusian AR startup Wannaby for $29.4 mln 

Online marketplace Farfetch, which sells clothes, shoes and accessories of premium brands around the world, has bought Belarusian AR startup Wannaby Inc, (Wanna brand), RusBase reports. The deal was closed on April 5 for $29.4 million. Wanna is a developer of augmented reality technology for the virtual fitting of things. Farfetch used it for trainers, accessories and cosmetics. Wanna's developers became employees of Farfetch after the deal. 


Take Off Baku Startup Summit winners announced

Only 25 start-ups made it to the finals of the Azerbaijan Summit,  says Report. American startup Recepta, which deals with electronic receipts) won the competition, while Azerbaijani Fintech startup E-Point, which presented the technology of integration of payment systems, won the 2nd place, and Turkish startup Co-Print, which improved 3D technology, won the 3rd place.

 

Record outflow of specialists in the Belarusian IT sector

In April, the hiring of new employees in IT specialists has dramatically decreased in Belarus, dev.by. At the same time companies have laid off twice as many people as a year ago. According to official statistics, over 3 thousand specialists were fired from IT companies in April, which was a record. This is 2.2 times more than in April last year and 36% more than in March 2022.

 

Accelerate Prosperity has chosen IT startups and is ready to give them investments of up to $50k 

On May 27, Accelerate Prosperity completed a business accelerator for IT startups and selected several companies to conduct due diligence and then fund them, Kaktus Media reports. Shoppix, an online shopping platform, FinBook, a subscription-based online bookkeeping platform, Ethnomedia, an online cinema and Dolon, an exploration solution, will receive investment. Accelerate Prosperity, an initiative to support small and growing businesses works in Pakistan, Tajikistan and Kyrgyzstan and is funded by the US Agency for International Development and the Aga Khan Foundation.

 

Google awarded the first grants to Ukrainian startups 

Forbes informs that 17 Ukrainian startups have received grants up to $100,000, mentoring from Google, product support and loans to use the Cloud. Startups based in Ukraine were selected based on criteria and interviews. The company announced the launch of the $5 million funds in late March. Almexoft, a low-code platform for business process automation, CareTech Human, a sensor device for health monitoring and other projects will receive investments. 


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