TEG Working Group News Roundup March 24 – April 7
Mon, 04/10/2023 – 14:59
In this week’s edition, Ukraine’s startups pivot to defense, Finland joins NATO, Macron visits Beijing, and Italy bans ChatGPT. Additionally, Doug Beck is named director of the Defense Innovation Unit, VCs are predicting startup failures due to cash flow, and a judge rejects Fox News’ bid to dismiss the defamation case brought by Dominion Voting Systems.
Industrial Policy & International Security
Ukraine’s tech entrepreneurs fight war on a different front | Reuters
Before Russia invaded Ukraine, the country was one of the fastest growing tech hubs in central and eastern Europe. However, most startups collapsed when the war began and demand plummeted. But a number of companies pivoted to defense projects. For example, employees from one medical and biotech startup raised $200,000 in funding in Poland to develop a military drone designed to operate in bad weather, fly vertically, and carry large payloads. In addition to drones, new innovations range include software applications and data integration tools that give commanders better battlefield awareness. In 2021, Ukraine boasted 285,000 software developers and maintains a strong tradition of education in math and computer science. Over the …read more
Source:: Hoover Institution