The World Economic Forum just published a fascinating article charting the growth of the European startup scene, contrasting it to the larger tech ecosystems of Silicon Valley and Asia. If you’re a European founder, you’ve got cause to be optimistic — funding is easier to get, there’s so much innovation happening here, and tech talent is everywhere.
No one can deny that something big is happening to the automotive industry. Companies like Nissan, Ford, Honda, and Zipcar are all entering the electric automotive race to offer sustainable cars that meet consumer demands, government regulations, and stand up to the gas-powered vehicle.
Model X | Tesla
If imitation is the sincerest form of flattery, then Elon Musk should be blushing.
In addition to the increased competition from big auto manufacturers, there are also now many venture-backed startups that are now kicking tires within the electric vehicle industry. According to Tracxn, a startup intelligence platform, some of Tesla’s rivals include Faraday Future, NextEV, and Atieva.
When automobiles first debuted in the United States, they faced a classic “chicken and egg” problem. On one hand, autos were custom-made luxury items, affordable only to a niche market of affluent individuals. On the other hand, there was little incentive for most people to buy automobiles in the first place, as the system of roads in America was woefully underdeveloped.
Taking the stress out of stocks…
AIM-listed bonded products firm Scapa Group reports full year earnings next Tuesday and it’s already tipped the market that the numbers are well ahead of forecast. Plus BP boss Bob Dudley has had his pay cut by 40% in a stunning victory for shareholder clout.
Finally I have found some time to start on this Blog. I have had this in my mind for many months but not really had a ‘window’ of time where I can really free myself up from the hustle and bustle of life and enable an atmosphere that is peaceful and conducive to the Deep Thinking I suspect this Blog will demand. You could say I have“Cut out the Noise“……
Financial Technology (otherwise known as FinTech), is drastically changing the way financial service firms operate and the way that the world of money functions; transforming the ways in which we transfer, borrow and manage our finances. Throughout the UK in particular, FinTech is growing in stature and popularity.
Take a look at our infographic below which delves into some FinTech facts and figures…