Bethnal Green Ventures raises $1.6 million to accelerate UK startups

Bethnal Green Ventures has raised $1.6 million to accelerate UK startups. The London accelerator supports very early ventures tackling challenges in health, education, sustainability and democracy, as well as startups serving freelancers and low-wage workers. BGV has invested £1.4 million ($1.73 million) in more than 80 startups since 2012. As a whole, the group has raised

ExxonMobil to Trump: Don’t pull U.S. out of the Paris climate agreement

Climate Change Even as President Trump dismantled Obama-era efforts to tackle climate change, the U.S.’s largest oil company is trying to save the crown jewel of that initiative: the landmark 2015 global climate deal. The 2015 agreement is “an effective framework for addressing the risks of climate change,” an ExxonMobil executive wrote last week (paywall) in

Wanted: Long-term thinking in global definition of ‘fiduciary duty’

Current rules drive short-term profit-maximization and undervalue longer-term and macroeconomic risks. Mark Wilson, CEO of Aviva, the UK insurance giant, called on the UN, OECD and G20 to establish a global definition of fiduciary duty to shift the regulatory focus. Short-termism “can have the unintended consequence of hampering sustainable investment,” Wilson said at a London

Can India get to 100 percent in electric vehicles by 2030?

Well, they’re working on a plan. The first phase of the program provides incentives for electric and hybrid bikes and cars. The next phase will include additional incentives for public transportation including for electric buses, three-wheelers and taxis. The government also is developing a no-money-down electric car purchasing program that lets buyers pay the loan back out

Aavishkaar backs Indonesian startup Qlapa to expand online handicraft marketplace

Aavishkaar has backed Indonesian startup Qlapa to expand its online handicraft marketplace. The startup in West Jakarta has 65,000 local crafts from over 4,000 Indonesian sellers on its e-commerce platform. Like Etsy, Qlapa allows buyers to buy directly from craft makers, cutting out middlemen. Aavishkaar led the fundraising; terms weren’t disclosed, but the Mumbai firm’s

Taiwanese startup The News Lens raises new funds to take on Asia media establishment

Taiwanese startup The News Lens has raised new funds to take on the Asia media establishment. The digital publication targets younger, educated audiences disillusioned with Asia’s tabloid-driven, traditional media outlets. The site has grown to more than five million monthly visitors since 2013 and includes editions for Hong Kong and international readers and has plans for

Philly health fund backs VitalTrax to build software for clinical trials

A $6 million Philadelphia fund launched in December to back local health startups and position the city as a health tech hub has made its first investment. VitalTrax has developed a mobile app, Wing, to help research teams more easily recruit and communicate with clinical trial patients. The VitalTrax team is based out of the