Technology

A New Chapter for Impact Investment: GlassWall Syndicate Now Powered by Brinc

Published

7 months ago

May 31, 2024

HONG KONG, May 31, 2024 /PRNewswire/ — GlassWall Syndicate (GWS), the world’s largest alternative protein investor network, announces that it is now hosted by Brinc, a global venture capital and accelerator firm headquartered in Hong Kong. GWS will leverage Brinc’s extensive resources and network to propel into its next growth phase with a focus on increasing critical funding avenues for companies addressing some of the largest global challenges. This new phase for GWS aligns with Brinc’s forward-thinking focus to deliver enhanced offerings and opportunities within impact investment, driving innovation’s transformative power across industries and communities globally.

With an expansive team across key regions including MENA, India, Singapore, China, and Japan, Brinc brings a decade of expertise in working closely with investors, startups, and industry mentors. By utilizing their strengths, Brinc and GWS will provide valuable resources to investors that strive to align their investment strategy with combating the climate crisis.

Since its founding, Brinc has invested in 241 companies across 48 countries and established itself as a crucial supporter of innovators, creating and running accelerator programs across a range of verticals including climate technology, food tech, medtech, and web3. Brinc’s successful partnerships span large corporations, government bodies, and academic institutions, emphasizing its ability to scale and adapt to different ecosystems and needs. GWS continues to expand its network and increase focus on other verticals that tackle a host of obstacles as part of its commitment to a climate-friendly bioeconomy, and Brinc’s data-driven and holistic approach is a natural fit to accelerate funding for game-changing companies.

Brinc will support GWS in a strategic expansion beyond alternative proteins to include essential sub-verticals such as Climate Adaptation, Advanced Materials, Circular Economy, Carbon Capture, Utilization, and Storage (CCUS), Clean Energy, Mobility, and Agriculture. Leveraging Brinc’s extensive networks across Asia Pacific, India, and the Middle East will enhance connections with startups, angel investors, and institutional investors outside North America. The strategic move aims to uncover and facilitate new investment opportunities, driving increased capital towards impactful climate technology sectors.

Moving forward, vetted GlassWall Members will now be able to participate in climate-friendly syndicated deals with attractive member terms through AngelList, while the EGC initiative within GlassWall Syndicate, which welcomes later-stage investors to the network, continues to expand as prominent firms explore robust opportunities with established potential co-investors to fund urgently needed climate-friendly solutions at Series B and beyond. GWS Members will continue to tap into the Member Benefits they have long enjoyed but the resources, deals, network, and exclusive access opportunities will expand greatly.

Macy Marriott, Executive Director of GlassWall Syndicate, commented, “Our team is more aware than ever of the importance and urgency around the challenges our world faces. We must continue building a platform that serves the unique needs of founders, investors, nonprofits, and other collaborators who drive transformational change. Just as the problems we’re collectively tackling are ever-evolving, so are the needs of the people at the forefront. GWS has been and will continue to be a vital resource that increases capital availability and deployment through our streamlined, efficient, and community-focused network to drive us toward a more sustainable future. We are proud to have found our new home within the Brinc team, where we can soar to new heights and creatively champion the industry.”

Manav Gupta, Founder and CEO of Brinc, stated, “We are pleased to welcome GlassWall Syndicate, an organization that reflects our deep commitment to nurturing impact investing. With our proven engagement in sectors like food, agriculture, and climate technology, we have empowered founders to turn ideas into scalable solutions that tackle worldwide challenges. By getting on board with GWS, we hope to amplify these efforts, ensuring critical projects receive the necessary funding and support and reinforcing our ongoing commitment to generate substantial, positive change across various industries.”

GlassWall Syndicate welcomes individually accredited investors seeking to make investments as low as $1,000 all the way to growth-stage firms looking to invest upwards of US$100M in Series D deals. If you are an investor, prospective nonprofit partner, startup in the space, or wish to sponsor an event or initiative, you are encouraged to get in touch with GWS.

About GlassWall Syndicate

GlassWall Syndicate (GWS) is a one-of-a-kind nonprofit network in the global impact investing ecosystem that engages and empowers investors in the sustainability space by connecting them with game-changing companies, providing resources, and bringing together key players. This global collective is led by Macy Marriott and has led to millions in additional capital deployed into innovative companies in the landscape. The GWS team works daily with entrepreneurs and investors to build relationships that drive forward sustainable, scalable, disruptive companies.

Founded in 2017 and initially spearheaded by Stray Dog Capital, GWS is a nonprofit community of high-net-worth individual investors, leading VC and PE firms, and global partners that provide fit-for-purpose solutions to some of the challenges investors in the industry face by providing deal flow access, early-access industry data, exclusive reports, trend analysis, and insights along with exclusive educational opportunities, meaningful networking, global events, and connections with experts across the value chain. GWS is hyper-focused on partnerships that accelerate initiatives that are critically important to the success of the alternative protein industry and relevant adjacencies.

In June of last year, with the leading alternative protein think tank, The Good Food Institute as a Knowledge Partner, GWS launched the Emerging Growth Consortium (EGC) which serves as the first-ever body of later-stage investors in the space and has welcomed leading firms and organizations such as L Catterton, C2 Capital Partners, CSC Leasing, Davis Wright Tremaine, Material Innovation Initiative, BERA Partners, Plant Based Foods Association, Plant Futures, and numerous others leading the effort toward a more sustainable future.www.GlassWallSyndicate.org

About Brinc

Headquartered in Hong Kong, Brinc is a leader in global venture acceleration and operates 10 multidisciplinary accelerator programs across seven countries. Brinc accelerates startups focused on climate technology, agrifood technology, blockchain technology, artificial intelligence, connected hardware, robotics, and the Internet of Things (IoT) with a view to creating a more sustainable, equitable, and inclusive future.

Brinc also supports corporations with distributed innovation strategies, sourcing of new startups and technologies, as well as venture-building Web3-enabled businesses. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore), fast-growing companies (Animoca Brands, The Sandbox), and leading venture funds (Artesian, LeverVC, Tamkeen, EDB, Hatcher+) have all run programs with Brinc. Recently Brinc announced plans to raise a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities. https://www.brinc.io/

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SOURCE Brinc

Technology

Macrogen Consortium win tender for National Bio Big Data Project

Published

20 minutes ago

December 23, 2024

Illumina is proud to be selected as sequencing technology partner to the Macrogen Consortium.

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Macrogen a global healthcare company that specializes in precision medicine and Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, announced today that they are honoured to support the National Bio Big Data project by sequencing and analysing 145,952 Korean genomes.

The National Bio Big Data Project project has been running in Korea as a pilot project since 2020. During this period about 20,000 genomes were analysed, 10,000 of these including people with a rare disease. The ultimate goal is to enable precision medicine by building a reference genome for about 770,000 Koreans by 2028 and a total of 1 million by 2032.

“Being a part of this step change to improving public health in Korea through the voluntary collection and analysis of genomic, clinical and life record information from the general public, is paramount to ensure precision medicine becomes a standard of care for all Koreans,” said Changhoon Kim, CEO Macrogen.

“Illumina is pleased to be a part of the Korean bio industry ecosystem and to participate in such an important national project. We look forward to contributing to Korea by bringing our expertise and lessons learned from our direct involvement in leading pop gen projects around the world,” said Robert McBride, General Manager of Illumina Korea.

People across the globe have very similar genes but a small number of variants between populations can impact health. For example, some variants are associated closely with particular diseases such as cystic fibrous.[1]These variants can present differently in populations and have a significant impact on how individuals respond to medicines and treatments. Therefore, it is beneficial for Koreans to have information available that is unique to them.

Worldwide, the number of pop gen projects is expanding rapidly, including the UK, Japan, Singapore, Qatar, the United Arab Emirates, and Nigeria.

“Population genome projects are growing worldwide with many programs reaching significant milestones. But despite this inequity remains with the majority of genome datasets being of European descent. This means we have a lot of information how to develop drugs for European populations but this doesn’t translate in any meaningful way to other nationalities,“ said Robert McBride.

Population genomics provides a platform for industry engagement and investment, specifically in the pharmaceutical, biotechnology, and data sectors. By integrating large, diverse data sets and using advanced computing technology (such as artificial intelligence or machine learning), health systems and partners are optimally positioned to unlock the power of the genome even further, while improving quality of life and care and fostering economic growth.

“Precision medicine is changing how diseases are treated and this benefits everyone. For patients, treatments often work better when decisions are based around an individual’s genome, for drug companies it can reduce cost of development and for governments there are long term savings related to less waste and healthier patients,” said Changhoon Kim.

References

[1] https://www.genome.gov/about-genomics/educational-resources/fact-sheets/human-genomic-variation#:~:text=How%20do%20peoples’%20genomes%20vary,person%20responds%20to%20certain%20medications.

About Macrogen

Macrogen is a global genetic service provider, partnered with over 18,000 scientists in 150+ countries, and with more than 20 years of experience in the industry.

Established in 1997, from the Genome Medical Research Institute of Seoul National University, Macrogen has become a major service provider and consulting agent for government agencies, universities and research institutes around the world.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and connect with us on X (Twitter), Facebook, LinkedIn, Instagram, TikTok, and YouTube.

About the Consortium

Macrogen Consortium members include the following companies: DNA Link, Theragen Bio, and CG Invites

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SOURCE Illumina

Technology

As 2025 IRS Mileage Rate Hits 70 Cents, Expert Warns: Ditch Risky Apps for Secure Paper Tracking

Published

5 hours ago

December 22, 2024

Gig economy expert Ed Ryder warns against the risks of mileage tracking apps, and advocates using paper-based tracking methods instead. He introduces The Big Mileage Form, a secure alternative developed over two years to meet the specific needs of food delivery gig workers. Ryder highlights recent tech failures, like the July 2024 global IT outage, to underscore the vulnerabilities of digital solutions. The press release also mentions Ryder’s significant mileage deduction using his form and directs readers to GigCoach.net for additional resources, including a consumer tutorial to drive better food delivery outcomes and a gig coach training program.

PHILADELPHIA, Dec. 22, 2024 /PRNewswire-PRWeb/ — As the IRS announces a standard mileage rate of 70 cents per mile for 2025, gig economy expert Ed Ryder, who has completed over 10,000 deliveries with his own car using major food delivery platforms, urges fellow gig workers to reconsider their mileage tracking methods. While acknowledging the convenience of digital solutions, Ryder advocates for a return to secure, paper-based tracking to protect valuable mileage deductions.

With the mileage rate at 70 cents, accurate tracking is crucial for gig workers and small business owners. Mileage apps seem convenient, but they risk data loss from outages, glitches, and cyber attacks. Many overlook these significant dangers.

“With the mileage rate increasing to 70 cents, accurate tracking is more crucial than ever for gig workers and small business owners,” says Ryder, creator of The Big Mileage Form. “While mileage tracking apps seem convenient, they come with significant risks that many overlook. Network outages, app glitches, and cyber attacks can jeopardize months of data.”

Ryder points to the July 2024 global IT outage as a prime example of technology’s vulnerabilities. “A faulty software update caused mass airline disruptions and impacted other industries, catching major corporations off guard. This incident highlights that even in our digital age, software isn’t infallible. For me, I simply won’t trust mileage tracking apps with my most important tax deduction.”

To address these concerns, Ryder developed a comprehensive, paper-based solution. “I spent two years perfecting The Big Mileage Form, tailoring it to the specific needs of food delivery gig workers,” he explains. “At 11×17 inches, it provides ample space for detailed record-keeping and, crucially, it’s immune to software glitches, data breaches, and ransomware attacks.”

Ryder’s meticulous paper-based record-keeping resulted in a mileage deduction exceeding $19,000 on his 2023 federal taxes. “All my business-related miles are thoroughly documented on paper. I’m fully prepared to defend this deduction in case of an audit. This level of confidence is what I aim to provide other gig workers.”

“In today’s digital age, sometimes the most secure solution is the simplest one,” Ryder concludes. “My form not only ensures data security but also prepares users for potential IRS audits. It’s time to reconsider the old-fashioned, but reliable pen-and-paper method.”

For those interested in learning more about effective mileage tracking and other aspects of gig work, Ryder offers valuable resources on GigCoach.net. These include a tutorial for consumers titled ‘Fair Deal Delivery,’ which provides insights on how to improve food delivery outcomes. Additionally, experienced food delivery couriers can explore Ryder’s gig coach training program. Visit GigCoach.net to access these resources and learn more about The Big Mileage Form.

Media Contact

Ed Ryder, Match Experiment LLC, 1 484-493-8740, hello@ideamaned.com, gigcoach.net

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SOURCE Gig economy expert Ed Ryder

Technology

DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Ascension Health Customers Whose Data May Have Been Compromised

Published

5 hours ago

December 22, 2024

NEWTOWN, Pa., Dec. 22, 2024 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by Ascension Health (“Ascension”). Ascension learned of suspicious activity on or about May 8, 2024. To join this case, go HERE.

About Ascension Health

Ascension is a prominent non-profit health system in the nation and operates under Catholic principles.

What happened?

On or about May 8, 2024, Ascension detected unauthorized activity in its computer systems. Ascension initiated an investigation, which included retaining consulting cybersecurity experts and notifying the FBI. The investigation determined that between May 7 and 8, 2024, a cybercriminal accessed files containing personal information about Ascension’s patients and employees. This information included names, medical records, payment details, insurance information, government identification numbers, and other personal data such as dates of birth and addresses. Approximately 6 million individuals have been affected by this data breach.

How can I protect my personal data?

If you receive a data breach notification, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity. Additionally, you should consider legal options for mitigating such risks.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for customers whose sensitive personal and patient data may have been compromised by the Ascension data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492
Email: medelson@edelson-law.com
Web: www.edelson-law.com

About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery does not depend on serving as lead plaintiff.

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SOURCE Edelson Lechtzin LLP