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Rapid test for SARS-CoV2 wins first prize in annual Gauteng Accelerator –

MicroMab Diagnostics / UP has secured first prize in the Biosciences category for its innovative rapid test for SARS-CoV2 in the Gauteng Accelerator programme….

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MicroMab Diagnostics / UP has secured first prize in the Biosciences category for its innovative rapid test for SARS-CoV2 in the Gauteng Accelerator programme.

Hosted by The Innovation Hub, the selected winners have secured a share of R3 million in seed funding which will allow businesses to further incubate and drive scalability.

MircoMab Diagnostics/UP win R500 000 for medical innovation

Professor Tahir Pillay, Dr Bettina Chale-Matsau, and Mr Reggie Govender, founders of MircoMab Diagnostics/UP led the winning innovation in the GAP Biosciences category receiving R500 000.

In an official press release, Advocate Pieter Holl, CEO of The Innovation Hub explains that entrepreneurs that presented unique innovations will have access to personalised mentorship, advisory, and sessions addressing skills development in addition to funding.

“This year has proved that the next generation of entrepreneurs can adapt to change and take hold of opportunities within the market. Our innovators have stepped up to the challenges faced in South Africa today. We are proud to see so many entrepreneurs involved in the sciences and blazing the trail for other innovators and entrepreneurs. It is our privilege to be able to provide them with the mentorship and funding that they need to advance their projects.”

Innovators will be provided with networking opportunities as well as infrastructure in 2021 that will further establish their business.

First prize winner

MicroMab Diagnostics / UP is awarded first prize for their innovation in the Biosciences category which has the highest prize money.

The innovation supports bioscience technology as it is a rapid, and cost-effective test strip or kit created for SARS-CoV2 that utilizes nanobodies. Nanobodies are a special type of antibody that is produced in bacteria which detects viral proteins.

The winning innovation uses bioscience technology which will lead to several rapid tests for diagnosis during acute infection. In addition, the unique mechanism will result in a diagnosis of carrier states that is based on viral protein antigen detection.

The Gauteng Accelerator Programme

The Gauteng Accelerator Programme, implemented in 2011, has received more than 1 400 applications across five different categories. This year the event was hosted virtually gathering SA and international attendees.

The Innovation Hub has reportedly invested more than R19 million in seed funding and assisted over 100 start-ups through the programme by providing incubation.

There are five different categories within the GAP innovation competition with five winners announced for each category.

The full list of winners and their prizes are available here.

Winning innovations

GAP Township economy category

The GAP Township economy recognises and supports innovations that are township-based and displays the potential to lead to growth in the township economy.

Mamntlane Phyto Pharmaceuticals & Nutritional Supplements for Elderberry and Pelargonium Cough Syrups was awarded first place in the GAP Township economy category. The healthtech company has developed cough syrups which are plant-based. The unique and sustainable product reportedly does not contain alcohol. The innovation can be used to treat coughs, flu, colds, and even diabetes.

GAP ICT category

GAP ICT identifies researchers and entrepreneurs that address ICT solutions to solve challenges in South Africa.

Teambix receives first prize for its innovation, an online solution that allows companies to ‘share’ their employees with other companies.

The ICT innovation allows salary costs to be shared with other organisations and ensures employees will earn a full salary for time worked.

Medical category

UNISA receives first place in the medical category for a mobile health technology that accelerates accessibility and availability of antimalarial drugs as well as Artemisinin-based Combination Therapies (ACTs).

The innovation uses data that was collected during a three-year research project. The mobile health technology drives a theoretical supply chain coordination of ACTs into a practical mobile application tool.

General hospitals in Sub-Saharan Africa and other developing economies with coordination and technological issues are encouraged to use the software that is the practical mobile application tool.

The application tool will manage, facilitate, and improve the availability of ACTs.

GAP Green category

GAP Green supports entrepreneurs who tackle green technology solutions tailored to SA challenges. The University of Limpopo in collaboration with EcoHarness Pty Ltd receives first place for its simple water purifying gadget. The innovation uses Moringa oleifera seeds as active beads.

Holl explains that the participants of The Innovation Hub’s competition demonstrated the ability to innovate.

“The competition was exceptionally strong this year. We are certain that the chosen winners will use the year of incubation to the best of their abilities. These entrepreneurs have beyond proven themselves and we look forward to what their futures hold.”

Future competition

Entries for the 2021 GAP innovation competition will open in April 2021. Categories will remain the same and entrepreneurs of all ages are encouraged to apply.

Read more: Sea Monster wins prestigious global award
Read more: Future of Work Africa 2021 Accelerator Programme open for early-stage startups

Featured image: National Cancer Institute via Unsplash

In an official press release, Advocate Pieter Holl, CEO of The Innovation Hub explains that entrepreneurs that presented unique innovations will have access to personalised mentorship, advisory, and sessions addressing skills development in addition to funding.

Source: https://ventureburn.com/2020/12/rapid-test-for-sars-cov2-wins-first-prize-in-annual-gauteng-accelerator/

rapid-test-for-sars-cov2-wins-first-prize-in-annual-gauteng-accelerator--

ZDNET

How to build business credit

Business credit is vital for businesses that need to borrow money to grow. Building business credit is not impossible; it just takes time and dedication.

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The face of business continues to change. Even before the pandemic of 2020 hit, business market trends suggested that the growth of e-commerce would continue to be the big wave of the future. Businesses are learning to adapt to changes in the digital marketplace and stay ahead of changes by adopting the innovations of e-commerce.

As consumer spending continues to rise, businesses will have to invest to compete. This will require working capital and cash flow to purchase the software and technologies needed to survive in the digital economy.

For those businesses without large amounts of working capital or wealthy investors — like many small businesses and startups — it has brought up the idea of building business credit.

Below, ZDNet has all the information you need on how to build business credit.

What is business credit?

At some point, entrepreneurs and business owners consider borrowing money. Many have not accumulated enough capital and cash to hit the ground running right out the gate when starting a business.

Business credit allows a business owner or company to borrow money to build their business, pay for the necessary purchases, or expand their business. Of course, they must pay this money back with interest.

Some businesses do get to the point where they can maintain their working operations off of profits, but most require constant cash flow — good business credit affords this.

However, it isn’t as simple as walking into a bank and getting large amounts of cash. Businesses must first work hard to build business credit to qualify for needed loans. It takes patience and the right knowledge to build business credit the right way.

How to build business credit the right way?

Most people are familiar with building credit for personal use — applying for loans, purchasing homes or vehicles, or getting credit cards — building business credit is not much different in principle.

How to choose a business structure?

Unless you plan on being a sole proprietor, you must first establish your business as an entity separate from yourself. Not doing so leaves you open to assuming personal liability if legal issues were ever to arise.

In addition, separating yourself from your business also brings advantages at tax time. The most common business entities are limited liability companies (LLC) and corporations.

How to register your business?

Once the proper business structure is chosen, you need to register your business and apply for a federal tax ID from the IRS — known as an EIN. Without an EIN, you will be unable to open business bank accounts or apply for business lines of credit.

How to establish a business credit profile?

Once your business entity is filed and registered, you can begin the task of building your business credit. To establish a trusted financial reputation among lenders, you will need to have a working business credit file.

Every lender will check your credit profile when you apply for a loan or line of credit. The lender must establish trust with the borrower, making sure money borrowed will be repaid. This is referred to as “creditworthiness.”

One way you can begin to develop this trust is by opening a business bank account.

Begin building business credit

There are numerous business bank accounts for traditional banking and online banking. You must find one that suits your business needs.

Consider these when choosing a business bank account:

  • Is it trusted and secure? Make sure you establish a bank account with a trusted bank, one that is registered and insured by the FDIC. As time goes on, you will also want to ensure your bank is an equal opportunity lender in good standing; all reputable banks are.

  • Explore the services and management tools. Chances are you will want to apply for a business credit card; if so, what are the APR rates? What type of management tools do they offer for business accounts?

  • Check the investment rates and maintenance fees. If you’re looking to earn interest on your money, what are their APY rates? What are the required minimum balances to take advantage of those rates? Most banks have monthly maintenance fees, another factor to consider.

  • How are the help and support? New business owners will profit from a bank with professional help centers and financial advisors on-site or within reach. If you’re always on the go, does the bank have an app for mobile banking?

Get a business credit card

Another way to help establish your business credit profile and build your business credit is by getting a business credit card. Business credit cards allow business owners to pay for necessary expenses without massive amounts of cash flow while also helping to build a business credit history.

Most come with higher credit limits and bonus rewards that you won’t find with personal credit cards.

Here are a few advantages:

  • More spending for business tools: Business owners, especially startups, can use higher credit limits to invest in the necessary software and business tools they may need. Business credit cards allow you to build business credit as you boost cash flow.

  • Protection on purchases: As opposed to cash-only purchasing methods, business credit cards often come with protection on purchases — if lost, stolen, or damaged.

  • Rewards and cashback: Many credit card companies offer rewards for spending, e.g. points or miles to travel. Some offer cashback bonuses after meeting certain spending thresholds.

  • Building business credit history: Perhaps the most significant advantage for our purposes is the ability to build a business credit history. It is essential to make your credit card payments on time or early to establish a trusted credit history. This will boost your business credit profile and score with credit bureaus.

Explore other forms of business credit

In addition to business credit cards, there are other ways to establish and build business credit. These include different forms such as supplier credit, vendor credits, and service or retail credits.

  • Supplier credit: Supplier credits are a great way to establish a reputation of trust with your business. Most businesses need a steady stream of supplies and inventory to maintain operation. Supplier credit is an agreement between you and a supplier allowing you to defer payment for supplies. This helps conserve working cash flow and allows you to build credit as you make your payments.

  • Vendor credit: Like supplier credits, vendor credits allow you to purchase services (or products) from vendors with short-term financing. These payments can be made with a business credit card, allowing you additional time until profits roll in. Again, making payments before or on time is critical.

  • Service credit: Service credits are usually the simplest form of building credit outside of business credit cards. Services providers — internet, phone, TV, or other utility services — allow business owners to build credit as they make service payments.

  • Retail credit: Business owners can also establish relationships with their preferred retailers; most offer store credit cards for businesses. This is yet another avenue to build credit as payments are made.

  • Pay early (or at least on time): Again, it is important to pay these entities on time, but preferably early. It is equally important that these entities report payments to credit bureaus. This will ensure that your business credit profile gets a boost.

Keep building and monitoring your business credit

Once your business credit profile is established, and in good standing, you will have a better opportunity to branch out into other forms of lending — lines of credit and business loans.

Again, it is vitally important that these lenders report to credit bureaus so that your business credit profile and history continue to rise.

It is also essential to monitor your business credit profile to ensure your record is up to date and free of errors. Unfortunately, fraudulent activity happens, and if you are not watching your credit profile regularly, this can have a detrimental impact on your business credit.

Currently, three major companies handle business credit reporting — Equifax, Experian, and Dun & Bradstreet. Each varies slightly in their reporting, but each offers ways to monitor your business credit score and standing and allows you to update business information if the need should arise.

Building business credit is not complicated, but it does take time and dedication. Doing so will ensure that your business is equipped and prepared for whatever the future may hold.

At some point, entrepreneurs and business owners consider borrowing money. Many have not accumulated enough capital and cash to hit the ground running right out the gate when starting a business.

Source: https://www.zdnet.com/article/build-business-credit/

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Global Financial Indexes Provider MSCI Plans to Launch Crypto Indexes

Global securities index publisher MSCI is considering launching cryptocurrency indexes. Yet, Henry Fernandez, CEO of the MSCI did not disclose what assets any index would focus on nor any timeline

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Global securities index publisher MSCI is considering launching cryptocurrency indexes, Reuters report Thursday.

Henry Fernandez, CEO of MSCI- a global securities index issuer, stated that MSCI is considering launching cryptocurrency asset indexes, which will be another step towards mainstream companies accepting digital currencies and related transactions.

The crypto indicators are considered an important step in leading new research and models to accept emerging markets. Yet, Fernandez did not disclose which specific cryptocurrencies will be added and the specific time plan for the introduction. MSCI also declines to elaborate on Fernandez’s comments.

With many commercial giants such as MasterCard, Paypal, Square, Goldman Sachs, etc., supporting cryptocurrencies, it seems that cryptocurrency has become an inventable trend as an emerging investment service to join investors’ portfolios.

Goldman Sachs, the second-largest US investment bank, has stated in April that it will offer Bitcoin and other crypto products to its private wealth clients within the next few months.

In December last year, The S&P Dow Jones Indices, a global leader in providing investable and benchmark indices to the financial markets, announced that it would be launching index funds for cryptocurrencies in May 2021, including S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index.

These three indexes successfully brought cryptocurrency trading into the Wall Street investment bank predators. Investment institutions can measure the performance of related digital assets through these three indexes and make investment decisions based on this informative data.

Not only the United States own a cryptocurrency index, but also the Singapore Exchange (SGX) has also joined the cryptocurrency index following the trend of the emerging field of cryptocurrency. As early as September last year, Singapore Exchange (SGX) will launch crypto indices—the iEdge Bitcoin Index and iEdge Ethereum Index—in collaboration with UK-based cryptocurrency market data provider CryptoCompare.

Image source: Shutterstock

The crypto indicators are considered an important step in leading new research and models to accept emerging markets. Yet, Fernandez did not disclose which specific cryptocurrencies will be added and the specific time plan for the introduction. MSCI also declines to elaborate on Fernandez’s comments.

Source: https://blockchain.news/news/global-financial-indexes-provider-msci-plans-to-launch-crypto-indexes

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Business insider

Artificial Organs Market | $ 10.90 billion growth expected during5 | Technavio

NEW YORK, June 18, 2021 /PRNewswire/ — The artificial organs market is expected to grow by USD 10.90 billion during 2021-2025, according to Techn…

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NEW YORK, June 18, 2021 /PRNewswire/ — The artificial organs market is expected to grow by USD 10.90 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the artificial organs market in optimistic, probable, and pessimistic forecast scenarios.

Technavio has announced its latest market research report titled Artificial Organs Market by Product and Geography - Forecast and Analysis 2021-2025

Understand the in-depth market insights with value chain analysis and validation techniques:
Download FREE Sample Report

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

The artificial organs market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Major Three Artificial Organs Market Participants:

Abbott Laboratories
Abbott Laboratories offers ASSURITY MRI PACEMAKER. Its size and shape allow surgeons to make small incisions during the implantation procedure. This pacemaker requires a small pocket under the skin of the chest during implantation.

Asahi Kasei Corp.
Asahi Kasei Corp. offers REXEED. It is a hemodialyzer for effective removal of toxins and low molecular weight proteins.

B. Braun Melsungen AG
B. Braun Melsungen AG offers Diacap Pro. It is a hemodialyzer that removes wastes and excess fluid from the blood.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:
https://www.technavio.com/report/artificial-organs-market-industry-analysis

Artificial Organs Market 2021-2025: Segmentation

Artificial organs market is segmented as below:

  • Product
    • Artificial Heart
    • Artificial Kidney
    • Cochlear Implants
    • Artificial Pancreas
  • Geography
    • North America
    • Europe
    • Asia
    • ROW

The artificial organs market is driven by the increasing prevalence of chronic disorders. In addition, the growing demand for pacemakers and dialyzers is expected to trigger the artificial organs market toward witnessing a CAGR of almost 9% during the forecast period.

Know more information on factors assisting the artificial organs market growth during the next five years, Request Free Sample Report @
https://www.technavio.com/talk-to-us?report=IRTNTR44011

Related Report on Healthcare Include:

Global Breast Reconstruction Market- The breast reconstruction market is segmented by product (breast implants and tissue expanders) and geography (North America, Europe, Asia, and ROW).
Download FREE Sample Report

Global Dental Infection Control Products Market- The dental infection control products market is segmented by product (consumables and equipment) and geography (North America, Europe, Asia, and ROW).
Download FREE Sample Report

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/artificial-organs-market-industry-analysis

Technavio (PRNewsfoto/Technavio)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-organs-market—10-90-billion-growth-expected-during-2021-2025–technavio-301315548.html

SOURCE Technavio

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

Source: https://markets.businessinsider.com/news/stocks/artificial-organs-market-10-90-billion-growth-expected-during-2021-2025-technavio-1030536439

artificial-organs-market-|-$-10.90-billion-growth-expected-during5-|-technavio

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