[Culture] :
To strengthen the global competitiveness of K-contents, eleven organizations will pool their resources to create a strategic fund worth approximately 600 billion won, or over 454 million U.S. dollars. The Ministry of Culture, Sports and Tourism and the Ministry of Science and ICT announced Wednesday that ...

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Much of the business world has bought into the idea of stakeholder capitalism. But Freada Kapor Klein and Mitch Kapor say that doing some good by doing well isn’t enough when the business impact still creates negative effects and broader disparities overall. Freada, with a background in social justice and empirical research, and Mitch, an entrepreneur and investor who got his start making early spreadsheet software, strive to invest in ventures that close the distance between those with wealth and privilege and those without. The founders explain their metrics and decision-making process at Kapor Capital. The profitable firm explicitly invests in tech startups serving low-income and underrepresented communities. Freada and Mitch wrote the book Closing the Equity Gap: Creating Wealth and Fostering Justice in Startup Investing.

What if your $1 donation could result in a $100 contribution to a cause you believe in? That's the promise of quadratic funding: a new kind of crowdfunding model that uses math to distribute funds based on the number of contributors, rather than the amount given. Gitcoin founder Kevin Owocki dives into the principles and pitfalls of this approach to philanthropy, where "many small donors are more powerful than one large donor."

The funding of British Olympians makes it impossible for emerging sports to develop, says the chief executive of British Handball.

The startup ecosystem in the Iberian Peninsula — the region encompassing Spain and Portugal — has been on a roll the last couple of years. The value of Spanish startups surpassed €100 billion in 2023, according to Dealroom data, with venture investment of €2.2 billion across some 850 rounds. Meanwhile, Portugal has produced a slew of […]

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The Centre will implement the G20 Pandemic Fund, which is aimed at enhancing the country’s “animal health security”, in partnership with the Asian Development Bank (ADB), the World Bank and the Food and Agriculture Organization (FAO).

A focused venture fund will give a boost to new entrepreneurs and non-government entities, IN-SPACe chairperson Pawan Goenka said

Any project underpinned by a convincing business plan could get the fund’s support

Nippon India Consumption fund has been a consistent outperformer across market cycles

Environmental org's 'Night of Comedy' brings laughter amidst a changing political landscape and growing concern over the impact of climate change.

First-ever Footy-Golf tournament in Southern California

Investment drives next wave of growth and supports expansion into new markets

Ten Australian composers are the recipients of the latest grants from APRA AMCOS and Australian Music Centre's Art Music Fund, taking the all-time funding total to more than $500,000 over five years. This year's $100,000 allocation will support a range of new projects as they come to life, including urban art installations, video and sound works and an a cappella collaboration. The 2020 Art Music Fund recipients are: Kristin Berardi, Leah Blankendaal, Olivia Davies, Aviva Endean, Madeleine Flynn & Tim Humphrey, Thomas Meadowcroft, Maria Moles, Jodi Rose and Jon Rose.

The coronavirus-shutdown crisis has ripped through Seattle’s arts and culture scene, guillotining income for individual artists and organizations while they scramble to cut expenses.

The coronavirus-shutdown crisis has ripped through Seattle’s arts and culture scene, guillotining income for individual artists and organizations while they scramble to cut expenses.

The coronavirus-shutdown crisis has ripped through Seattle’s arts and culture scene, guillotining income for individual artists and organizations while they scramble to cut expenses.

(Bloomberg) — Senate Democrats challenged a vow of “fairness and impartiality” by Brian Miller, President Donald Trump’s nominee to oversee trillions of dollars being spent in the effort to rescue the economy from the coronavirus pandemic. “President Trump has shown outright hostility to anyone who has tried to hold him accountable to the American people,” […]

(Bloomberg) — Senate Democrats challenged a vow of “fairness and impartiality” by Brian Miller, President Donald Trump’s nominee to oversee trillions of dollars being spent in the effort to rescue the economy from the coronavirus pandemic. “President Trump has shown outright hostility to anyone who has tried to hold him accountable to the American people,” […]

3D Hubs, an online marketplace for 3D printing services, today announced that it has raised $18 million to expand services abroad.

Chief Secretary Matthew Cheung today chaired the fourth meeting of the Anti-epidemic Fund Steering Committee, during which the funding commitment for 33 measures under the second-round of the fund was approved.

The Legislative Council Finance Committee last Saturday approved a funding application of $137.5 billion, including an injection of $120.5 billion to the Anti-epidemic Fund to roll out the second round of measures to provide further assistance or relief to the public and enterprises hard hit by the current epidemic or affected by anti-epidemic measures.

Mr Cheung said: "The pandemic has caused an unprecedented impact on Hong Kong's economy and various sectors have been hard hit.

“The Government will take resolute and unprecedented measures to expeditiously relieve the imminent needs of the businesses and members of the public.

"To provide assistance and relief to relevant enterprises and members of the public as soon as possible, I have asked the bureaus and departments to implement the measures at full steam to address the pressing needs of the community promptly and achieve the effect of safeguarding jobs and supporting enterprises."

Separately, the Education Bureau said the Finance Committee’s approval of the funding application for the second round of the fund and other relief measures included a one-off interest-free deferral of loan repayment for two years to self-financing post-secondary institutions under the Start-up Loan Scheme, non-profit-making international schools and student loan repayers.

All borrowers of the Tertiary Student Finance Scheme - Publicly-funded Programmes, Financial Assistance Scheme for Post-secondary Students, Non-means-tested Loan Scheme for Full-time Tertiary Students, Non-means-tested Loan Scheme for Post-secondary Students and Extended Non-means-tested Loan Scheme will be offered an interest-free deferral of loan repayment from April 1 this year to March 31, 2022, including their loan instalments and interests.

The annual administrative fee of $180 charged on the non-means-tested loan repayers during the suspension period will be waived. The risk-adjusted-factor rate for setting the interest rate will also be maintained at zero.

Additionally, support for the construction sector will be enhanced.

The Development Bureau today said a one-off subsidy of $7,500 will be offered to each eligible construction worker.

More than 530,000 workers will benefit from the subsidy, including workers of construction sites as well as those registered under the Electrical & Mechanical Services Department, the Buildings Department, the Water Supplies Department and the Fire Services Department.

At the same time, a one-off subsidy will be provided to 30,000 construction-related enterprises, generally small-scaled, which cannot benefit from the first round of the Anti-epidemic Fund.

Each eligible contractor, specialist contractor, works contractor and supplier can receive a one-off subsidy of $20,000, while minor works contractors, registered contractors of electrical, gas, lift, escalator and fire service installation along with suppliers of construction-related machinery and equipment rental can receive $10,000 each.

About 600 consultant firms offering engineering, architectural and related professional services will receive a subsidy of $50,000 each to support professionals in the sector.

The Government will also provide a direct subsidy of $3 million to each non-profit-making organisation running the 10 projects under the Revitalising Historic Buildings Through Partnership Scheme, PMQ and the Energizing Kowloon East - Fly the Flyover Operation.

Chief Secretary Matthew Cheung today chaired the Anti-epidemic Fund Steering Committee's fifth meeting to examine the implementation progress of the host of measures launched under the fund.

The committee noted the details of over 20 second-round relief measures have been announced since the Legislative Council Finance Committee approved the $120.5 billion injection to the fund on April 18.

Other measures will be launched as soon as possible to provide timely relief to the affected sectors and individuals. 

The committee also noted that the fund has paid out over $13 billion, and many businesses and members of the public have gradually received subsidies.

Mr Cheung said the measures aim to preserve employment and assist the self-employed, provide additional relief to those sectors hard hit by the pandemic and pave the way for the post-pandemic economic recovery. 

“We will continue to process applications and disburse subsidies as soon as possible to help businesses and members of the public tackle the challenges caused by the pandemic and to support enterprises, safeguard jobs and relieve people’s burden," he stressed. 

For the Retail Sector Subsidy Scheme which provides a one-off subsidy of $80,000 to eligible retailers, about 93,000 applications were received.

The committee was pleased to note that the scheme has been disbursing subsidies progressively and over $2.7 billion in subsidies have been approved so far, involving about 33,000 applications.

Dentists who have had a dental plan payment check lost in the mail could consider a way to receive safe and secure payment through electronic funds transfer payments.

State lawmakers have made it illegal for school districts to spend any public money on the Mississippi Association of School Superintendents, saying district leaders personally attacked state officials while they were seeking votes for a school funding initiative last year.

With opposition parties continuing to call for the legislature to be convened, P.E.I. Premier Dennis King says that opportunity for them to examine the government’s spending is coming.

A government study said it had injected a total of 168.7 trillion won (US$150.8 billion) since the 1997 Asian financial crisis as part of an effort to clean up insolvent financial services firms and has only recouped 115 trillion won as of the end of the second quarter of this year. This is the recovery ratio of 68.3 percent in 20 years' time. Even though it looks good in appearance, there is a big difference from that of the U.S. government. The U.S. government had spent $426.4 billion for...

The BBC's charity event will star Lenny Henry, Catherine Tate and many more famous faces

Super League Gaming is the world's first recreational video game league in a cool movie theater. Every week gamers bring a laptop and friends to a nearby Regal, AMC, Cinemark or iPic. Super League creates the best entertaining gameplay experience - ever.

A foreign national employed at the U.S. Embassy in Baghdad, Iraq, was charged today with theft of public money and acts affecting a personal financial interest in connection with $237,236 in U.S. Government funds.

The pair announced their first investment on Tuesday into edtech startup Eduka System.

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