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This week the news of Steve Jobs’ death on Thursday has saddened the world and made us reflect on Jobs’ legacy. His quote “There is no reason not to follow your heart” resonates with me the most. I wonder if on the 6th of October a thought went through Bill Gates’ mind on how the world will reflect on his legacy one day.
I am a late adopter of Apple products myself, nevertheless I love them and I love everything which came out of Apple and Pixar. My kids use (and learn from) the iPad without having advanced motoric skills. My favorite article, which covers a lot of ground of Steve Jobs’ life and achievements is published by Wired, and can be found here.
At the Startup Week Vienna participants observed a one-minute silence to show their respect to Jobs, the technologist, entrepreneur, innovator and designer. The conference has been a success, uniting eastern and western European entrepreneurs and investors under one roof. The winner of the startup competition was an Austrian firm MySugr, whilst seven out of the ten finalists came from Eastern Europe. Second place was shared by Latvian Mykoob and Hungarian PocketGuide.
I have to come back to the definition of the eastern Europe again for the last time. Even though Slovak people are so concerned about being considered as Eastern Europe, for the Westerners this distinction is not as important, as it happens. In my brief exchange with Pascal Finette at the Startup Week Vienna, he said that as a rule of thumb all countries east of Austria are considered eastern Europe. Subject closed.
This week brought bad news for the Russian entrepreneurs as Russian investors continue to fund foreign companies. Runa Capital, which has $70 million in the capital commitments, announced an investment into the Chicago-based BigTime Software. BigTime, which develops cloud-based productivity solutions for services companies, closed A round of financing, raising total of $2.7 million from Runa Capital, LTC Partners, Geneva Venture Investment Management, Hickory Grove and Howell Capital.
This week Startup Weekend Belarus announced finalists of its startup competition. The winner was Alooklike, which links celebrity photos with a particular look, and the finalist was ExpertMedia, set to promote professionals and their services via video lectures. Both projects are in their infancy stages and have little to share via the websites. Pocketgame, which won a special award for the most experienced team, could not be traced online.
This week I heard the rumours that there will be some funding news coming out of Croatia and Czech Republic soon, so keep returning for more news.
And finally, Georgia has finally been added to the Google Maps. One day it will appear on the global innovation map as well.
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