Good morning! Here are some of the top tech startup news stories today Thursday, January 11.
Vestaboard updates split-flap displays for the modern home. A new startup, Vestaboard, has developed a wall piece roughly the size of a 42-inch LCD TV, with WiFi connectivity for arranging messages. The product is currently exhibiting at CES in Las Vegas. The split-flap mechanical displays is an old analog departure boards with a modern twist. At CES 2018, split-flap displays are getting a second life with the Vestaboard, an internet-connected mechanical display that merges the classic clattering flaps of a retro train board with modern internet technology.
Meicai, a vegetable-selling startup, joins the unicorn club. Meicai, a Chinese startup that helps farmers sell their vegetables to restaurants is now valued at $2.8 billion. The startup now joins the startup unicorn club. The valuation is based on the new $450 million funding raised by the company. The current funding round is led by Tiger Global Management and China Media Capital, according to sources familiar with the deal.
Egypt’s Innoventures launches latest Startup Reactor program. The Egypt-based Innoventures has opened applications for its Startup Reactor accelerator program designed to connect startups with investors and mentors. This is the fifth edition of the six-month program. The program was launched in 2011. Innoventures is an innovation platform that aims to bring original Egyptian ideas to market by providing a platform catering to today’s entrepreneurs in the region.
Californi mental-health startup joins reSET. Silicon Valley-based mental-health startup will be among about two dozen young enterprises participating in a business-development program sponsored by reSET in Hartford Connecticut. ReSET’s focus is to grow primarily local Connecticut startups.
Big retailer J.Crew is copying a popular startup, Untuckit. The fashion industry is dying, as we know it today. According to BusinessInsider, J.Crew plans to start selling shirts designed to be worn untucked. The idea is similar to the offerings from the startup Untuckit, which has gained popularity with a similar proposition. It also shows how the apparel industry is facing the reality.
Edtech startup Add-On-Gyan Educational Services launches KidovatorsTM. India-based education-technology startup, Add-On-Gyan Educational Services Pvt. Ltd., has created programs and curriculum for K-10 schools in diverse areas such as STEAM (Science, Technology, English, Arts and Mathematics), Logical Thinking, and Entrepreneurship, has today announced the launch of KidovatorsTM. It is the first 21st century skill learning platform in India.