Connect with us

Technology

Plug and Play Launches Accelerator Program in Albania to Empower Entrepreneurs

Published

3 hours ago

on

TIRANA, Albania, Oct. 24, 2024 /PRNewswire/ — Plug and Play, a leading global innovation platform with over 60 locations worldwide, announces today the launch of a new program in Tirana, Albania. With the support of the Albanian-American Development Foundation, in collaboration with Municipality of Tirana, Pyramid of Tirana, and sponsored by IDEMIA Smart Identity (ISI), this initiative is set to foster innovation and entrepreneurship across Albania. As part of the program, Plug and Play will host an annual, early-stage, industry-agnostic accelerator program in Albania, as well as a Global Overseas Acceleration & Learning (GOAL) program in Silicon Valley, providing opportunities for local startups.

The new accelerator program empowers young entrepreneurs in Albania to achieve their entrepreneurial goals, significantly advancing the country’s startup ecosystem and enhancing the broader entrepreneurial landscape across the Balkans.

“The launch of this accelerator program is a testament to Albania’s growing role in the global entrepreneurial landscape,” said Michael D. Granoff, Chairman of the Board of Trustees, Albanian-American Development Foundation (AADF). “At AADF, we have always believed in the potential of Albanian talent to innovate and drive impactful change. By partnering with Plug and Play, we are ensuring that Albanian startups not only gain access to local resources but also a global network that will help them scale and thrive in the international market. This is an important moment for Albania’s startup ecosystem, and we are proud to support initiatives that foster entrepreneurship and innovation in this country.”

The accelerator program offers entrepreneurs the chance to work closely with expert mentors, gain access to corporate partners, and participate in specialized industry events and workshops. With Plug and Play’s global network, startups will benefit from international exposure and vital connections. Throughout the program in Albania, participants will receive comprehensive guidance on crucial elements of startup success, including pitch development, business growth strategies, networking, and building relationships with investors and corporate relations.

In addition to the local accelerator, the top 10 most promising startups from each batch will have the opportunity to join the GOAL program in Silicon Valley. This 10-week immersive experience at Plug and Play’s headquarters will allow them to scale their products on a global stage, accessing Silicon Valley’s renowned ecosystem of technology partners, corporate collaborators, and investors.

“This is a momentous occasion for Albania and for Plug and Play,” said Saeed Amidi, Founder and CEO of Plug and Play. “We are committed to bringing the best of our global network to Tirana, providing Albanian startups with the resources, mentorship, and connections they need to thrive on the world stage. Albania has incredible talent and potential, and we’re here to help unlock that.”

The program has also gained strong support from the Albanian government, which recognizes the importance of accelerator programs in driving economic growth and fostering innovation.

“This accelerator program marks a new chapter in Albania’s journey towards becoming a hub for innovation and entrepreneurship in the Balkans,” said Blendi Gonxhja, Minister of Economy, Culture, and Innovation, Albania. “We are excited to partner with Plug and Play and AADF to offer Albanian startups the opportunity to connect with global mentors, investors, and industry leaders. This initiative aligns perfectly with our vision of fostering economic growth through innovation, and we believe it will serve as a catalyst for both local and regional development, empowering young entrepreneurs to turn their ideas into successful businesses.”

This partnership represents a significant step forward for Albania’s entrepreneurial ecosystem. By leveraging the combined resources and expertise of Plug and Play, AADF, and the Albanian government, the program will offer startups the support needed to scale effectively and position Albania as a key player in the regional business and technology landscape.

To learn more about the initiative, contact us today: press@pnptc.com.

About Plug and Play:
Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across 5 continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/. 

About AADF
The Albanian-American Development Foundation (AADF) is committed to supporting Albania’s sustainable development. Established in 2009 with the support of USAID and the U.S. government, AADF operates as a non-profit organization focused on driving impactful change.

Through strategic investments in education, leadership, technology, entrepreneurship, cultural heritage, and eco-tourism, AADF creates opportunities that empower communities across Albania. From revitalizing historic landmarks to fostering innovation and entrepreneurship, AADF is dedicated to advancing Albania’s social and economic progress and empowering its future leaders.

Media Contact

press@pnptc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/plug-and-play-launches-accelerator-program-in-albania-to-empower-entrepreneurs-302285306.html

SOURCE Plug and Play

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

VFlowTech, MOL (Asia Oceania), and MOL PLUS Sign MoU for Strategic Collaboration on Long-Duration Energy Storage to Drive Sustainability in Southeast Asia’s Logistics and Maritime sector

Published

59 mins ago

on

October 24, 2024

By

TOKYO and SINGAPORE, Oct. 24, 2024 /PRNewswire/ — VFlowTech Pte Ltd. (VFlowTech; CEO & Co-Founder: Dr. Avishek Kumar; Headquarters: Singapore), MOL (Asia Oceania) Pte. Ltd. (MOLAO; Managing Director: Jotaro Tamura; Headquarters: Singapore), and MOL PLUS Co., Ltd. (MOL PLUS; CEO: Takuya Sakamoto; Headquarters: Minato-ku, Tokyo) today announced the signing of a Memorandum of Understanding (MoU) to form a strategic collaboration aimed at advancing long-duration energy storage solutions in Southeast Asia. The MoU establishes a framework for leveraging VFlowTech’s cutting-edge vanadium redox flow battery (VRFB) technology to promote sustainable energy initiatives across MOL Group’s operations in the region.

The tripartite partnership will focus on deploying VFlowTech’s VRFB technology to support the transition to renewable energy in logistics and maritime applications. The collaboration aligns with MOL Group’s commitment to decarbonization, emphasizing the integration of innovative long-duration energy storage solutions for port facilities, warehouses, and cold chain systems.

Driving Strategic Partnerships for Decarbonization
Under the MoU, MOLAO will lead business development efforts to explore practical applications for VFlowTech’s VRFB technology across MOL Group’s logistics network in Southeast Asia, while also seeking opportunities to collaborate with other stakeholders in the region to scale up the adoption of energy storage solutions. The agreement aims to create commercial synergies and accelerate the region’s shift toward sustainable energy infrastructure.

“We are excited to formalize our collaboration with VFlowTech through this MoU. By integrating advanced energy storage solutions, we can reduce our environmental impact and enhance operational resilience in our logistics operations.” said Hideyuki Irisawa, Director, MOLAO

Expanding Opportunities Through Strategic Collaboration
As part of the MoU, MOL PLUS will support efforts to promote VFlowTech’s VRFB technology within the maritime industry and identify additional opportunities for the practical deployment of long-duration energy storage solutions in India and other regions outside Southeast Asia. The partnership represents a significant step forward in developing scalable solutions that contribute to a carbon-neutral future.

“We see great potential in VFlowTech’s VRFB technology to transform energy usage across the logistics industry. The logistics industry often requires time to gain consensus among stakeholders. This is especially true when aiming for carbon-neutral port solutions like VFlowTech. We commit to keep moving VFlowTech forward, step by step, towards our goal, even in such situations.” said Takuya Sakamoto, CEO, MOL PLUS.

“We are delighted to partner with MOL PLUS and MOLAO under this MoU to bring our innovative VRFB technology to critical infrastructure within the region. This collaboration will enable us to accelerate the deployment of clean energy solutions, delivering both environmental sustainability and economic growth in the region.” said Dr. Avishek Kumar, CEO & Co-Founder, VFlowTech.

About VFlowTech
VFlowTech is a Singapore headquartered company focused on developing and manufacturing long duration energy storage systems specializing in vanadium redox flow batteries (VRFB). Established in 2018, VFlowTech focuses on developing safe, scalable, and sustainable energy storage solutions that address the intermittency challenges of renewable energy sources like solar and wind power and are designed for various applications, including utility-scale projects, microgrids, and off-grid solutions. VFlowTech’s unique IP and innovative approach emphasizes eco-friendly and cost-effective battery technology with long operational lifespans of more than 25 years and addresses issues of performance degradation, thermal runaway, and product reliability and safety, while being fully recyclable at end of life. The company has installed their long duration storage systems in over 10 countries globally and has a vision to drive the world towards energy equity where everyone can access clean energy at affordable pricing.

For more information on VFlowTech, please visit: www.vflowtech.com

About MOL (Asia Oceania)
MOL (Asia Oceania) Pte. Ltd. is a regional subsidiary of Mitsui O.S.K. Lines, Ltd., focused on expanding business operations and promoting sustainability across Southeast Asia, Australia, and Oceania.

About MOL PLUS
MOL PLUS Co., Ltd. is a Corporate Venture Capital driving force for Mitsui O.S.K. Lines, Ltd. MOL PLUS invests in a wide range of early- and middle-stage startup companies around the world, that have the potential to reform ocean shipping business models and create new businesses in the shipping industry from a medium- to long-term perspective.

Website: https://en.molplus.net/

Media Contact: 
Sylvia McKaige 
Sylvia.mckaige@salweengroup.com 

View original content:https://www.prnewswire.com/apac/news-releases/vflowtech-mol-asia-oceania-and-mol-plus-sign-mou-for-strategic-collaboration-on-long-duration-energy-storage-to-drive-sustainability-in-southeast-asias-logistics-and-maritime-sector-302285589.html

SOURCE VFlowTech Pte. Ltd

Continue Reading

Technology

Hexaware Launches New Office in Germany

Published

59 mins ago

on

October 24, 2024

By

MUMBAI, India, Oct. 24, 2024 /PRNewswire/ — Hexaware Technologies Limited (“Hexaware”) opened its third office in Germany on September 19, 2024. The inauguration ceremony was presided over by Adam Medros, CEO, Spark Networks, Tobias Plaputta, CTO, Spark Networks, Sanjay Salunkhe, President & Global Head – Digital & Software Services, Hexaware and Arun Ramchandran, President & Global Head – Consulting & GenAI Practice, HTPS, Hexaware. The new 100-seater facility in Berlin will add to the company’s digital and software service capabilities in continental Europe, including Germany, Switzerland, and Austria.

The company’s digital and software services are designed to improve operational efficiency and elevate digital experiences, ensuring businesses stay competitive in an evolving market. Hexaware’s solutions include custom application development, enterprise data management, and AI powered business solutions. With its foundation in cloud computing, artificial intelligence, machine learning, and automation, the company harnesses modern technology to drive business outcomes.

Stating that the Berlin center will house both German and English-speaking consultants to support clients, Amrinder Singh, President & Head – EMEA & APAC Operations, Hexaware, said, “This new office will help us serve our clients more efficiently. Hexaware will strive to meet the diverse needs of its clients through seamless project execution tailored to specific business requirements.”

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose; to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. 

“Hexaware Technologies Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated September 6, 2024 (“DRHP”) with the Securities and Exchange Board of India (SEBI). The DRHP is available on the websites of our Company, at www.hexaware.com, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and IIFL Securities Limited, at https://investmentbank.kotak.com, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, www.jpmipl.com, https://www.business.hsbc.co.in/en-gb/regulations/hsbc-securities-and-capital-market, and www.iiflcap.com respectively, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.”

Learn more about Hexaware at https://hexaware.com/

Logo: https://mma.prnewswire.com/media/2237417/Hexaware_NEW_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/hexaware-launches-new-office-in-germany-302285621.html

Continue Reading

Technology

Buckle Up for Safety: All Access with Andy Garcia Takes You on a Road Trip Like No Other

Published

59 mins ago

on

October 24, 2024

By

From Autonomous Vehicles to Everyday Heroes: All Access Takes a Deep Dive into Highway Safety

LOS ANGELES, Oct. 24, 2024 /PRNewswire-PRWeb/ — All Access with Andy Garcia, embarks on a captivating journey into the world of highway safety, offering viewers a deeper understanding of the efforts keeping them safe on every journey.

Discover innovative programs that are empowering vulnerable populations like cyclists and pedestrians, while fostering a shared responsibility for safe travel.

All Access dives into the heart of innovation.

Explore cutting-edge technologies like autonomous vehicles and advanced driver-assistance systems. Meet the dedicated engineers and researchers who are constantly pushing the boundaries of safety. Learn how these advancements empower drivers and pave the way for a future with fewer accidents and fatalities on our highways.

Beyond the science, All Access spotlights the everyday heroes behind highway safety. Discover innovative programs that are empowering vulnerable populations like cyclists and pedestrians, while fostering a shared responsibility for safe travel.

All Access with Andy Garcia is not just about staying informed – it’s about inspiration. By showcasing real-world examples of safety success stories, the series empowers viewers to actively participate in creating a safer driving environment.

About All Access with Andy Garcia
Intrigued by the world around you? Look no further than All Access with Andy Garcia! Hosted by the charismatic Andy Garcia, known for his roles in “Do the Right Thing” and “Mamma Mia!,” this Public Television series delves into a variety of thought-provoking subjects. Each captivating segment sparks curiosity and encourages viewers to engage with the issues that matter most.

Media Contact

Research & Development, All Access with host Andy Garcia, 561-424-0504, info@allaccessptv.com, www.allaccessptv.com

View original content to download multimedia:https://www.prweb.com/releases/buckle-up-for-safety-all-access-with-andy-garcia-takes-you-on-a-road-trip-like-no-other-302280180.html

SOURCE All Access with host Andy Garcia

Continue Reading

Trending