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Boeing donates more than $10 million to support racial equity and social justice nonprofits and programs

Boeing today donated $10.6 million to a group of 20 nonprofits working to address racial equity and social justice in the United States. The funding package is part of the company’s previously announced multi-year commitment that includes a mix of […]

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Boeing today donated $10.6 million to a group of 20 nonprofits working to address racial equity and social justice in the United States. The funding package is part of the company’s previously announced multi-year commitment that includes a mix of local and national-level grants aimed at increasing the number of minority and underserved students pursuing science, technology, engineering, and math (STEM) education and diversifying the aerospace talent pipeline. Grant money also will fund programs that work to address criminal justice reform and health care gaps in underserved and minority communities.

“At Boeing, we acknowledge the toll that systemic racism and social injustice have had on people of color, particularly Black communities here in the United States,” said David Calhoun, Boeing president and CEO. “As we work internally to confront these issues, we also remain focused on addressing the causes and impacts of racism and social inequality in the communities where our employees live and work. With today’s financial commitment to this group of nonprofit partners, we are hopeful that together, we can begin to make real advances in our ongoing pursuit of equality.”

Today’s announcement builds on Boeing’s history of partnering with organizations that improve access for and address inequities in communities of color. Over the past five years, Boeing has invested more than $120 million to support underserved communities – including racial equity and social justice programs in those communities – across the United States. Boeing plans to make additional announcements related to its racial equity and social justice investment strategy in the future.

Nonprofits receiving grant funding include:

  • Seattle Children’s Hospital: A $2.5 million investment will support health care access for minority and underserved children through the expansion of the Odessa Brown Children’s Clinics.
  • Chicago Public Schools : A previously announced $1.5 million investment will fund the expansion of technology access for about 4,500 Chicago Public Schools students enrolled in remote learning courses because of the COVID-19 pandemic.
  • DC College Access Program: A $1 million investment will support underserved District of Columbia public and public charter high school students in pursuing STEM education and careers.
  • Equal Justice Initiative: A $1 million investment will fund public education and policy research efforts that address criminal justice reform in the United States.
  • The Mission Continues: A $1 million investment will support Operation Nourish, a program aimed at combating food insecurity by mobilizing veterans to grow, collect and distribute food in underserved communities and communities of color.
  • UNCF: A $1 million investment will support the development of a high school STEM engagement program in collaboration with the organization’s historically Black colleges and universities in locations where Boeing has a significant local presence.
  • Chicago Urban League: A $500,000 investment will support the Center for Entrepreneurship & Innovation, which helps African-Americans launch, grow and sustain businesses. Funding also will support the scaling of the IMPACT leadership development program for emerging African-American leaders.
  • Long Beach College Promise: A $500,000 investment will support programs aimed at creating a culture of college expectation and success for African-American and other students of color.
  • Forum to Advance Minorities in Engineering, Inc.: A $300,000 investment will advance Delaware’s STEM talent pipeline with a specific focus on creating access for women and girls and ensuring equity for underrepresented minorities in the state.
  • International African American Museum: A $250,000 investment will support the development of education curriculum and programs for the Charleston, South Carolina museum, opening in early 2022.
  • National Black Child Development Institute: A $250,000 investment will support the development of early childhood education, health and wellness, child welfare, literacy and family engagement programs for Black children and families.
  • Space Center Houston: A $175,000 investment will fund the Girls STEM Academy, which helps underrepresented middle-school-age girls apply STEM concepts and skills through hands-on, inquiry-based learning.
  • Adrienne Arsht Center: A $145,000 investment will support Learning Through the Arts, a STEM learning initiative that integrates the arts into classroom discovery and provides hands-on coding and robotics instruction for three underserved schools in Miami.
  • Girls Inc. of Huntsville: A $120,000 investment will fund Operation SMART, a hands-on STEM learning program that will reach more than 700 girls of color in the Huntsville, Alabama, area.
  • Urban League of Metropolitan St. Louis: A $110,000 investment will support the Save Our Sons program, helping economically disadvantaged African-American men in the St. Louis region find jobs and earn livable wages.
  • BE NOLA: A $100,000 investment will fund programs that build the capacity of Black-led efforts to advance educational progress in New Orleans for local students.
  • Space Foundation: A $100,000 investment will support the development of the 2021 “Art Gallery in Space” exhibition, which will highlight “STEM Icons of Color” and complement Boeing’s FUTURE U education programming.
  • Turning Leaf Project: A $100,000 investment will fund programs that address systemic recidivism for at-risk Charleston-area men returning home from prison and expand the model to additional cities in South Carolina.
  • Urban League of Portland: A $25,000 investment will support the development of public forums on community issues, work skills training, health and wellness outreach, and career fairs.
  • Youth Celebrate Diversity: A $20,000 investment will fund a conference for high school students to connect on current issues, including racial inequity and social justice.

Source: https://techstartups.com/2020/08/28/boeing-donates-10-million-support-racial-equity-social-justice-nonprofits-programs/

Startup

Italian tech startup Shampora closes €3M in funding to let consumers create and buy customized personal care products online

In 2018, the global haircare market is estimated to be worth about $90 billion, according to the latest data from research firm Statista. Haircare is one of the least appealing verticals for technology startups. However, it’s becoming increasingly difficult for […]

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In 2018, the global haircare market is estimated to be worth about $90 billion, according to the latest data from research firm Statista. Haircare is one of the least appealing verticals for technology startups. However, it’s becoming increasingly difficult for consumers to find affordable hair care products that meet their unique needs.

Enter Shampora, an Italian tech startup that provides a platform to let consumers create and buy tailor-made hair care products online, according to your hair characteristics and needs. The startup operates in Italy, France, and Spain.

Today, Shampora announced it has closed a new €3 million funding round. Backers include CDP Venture Capital Sgr, the partners of Italian Angels for Growth (IAG), Finbeauty, Gisev Family Office, and LVenture Group.

Shampora was founded in 2018 by Manuel Corona, Irene Gullotta, and Mirco Peragine to create, produce and buy completely customized personal care products online. Directly from its website, users can take a quick questionnaire of about 30 specific questions about the customer’s hair, skin, lifestyle, habits, and needs. Shampora’s proprietary algorithm analyzes the data and creates a personalized list of ingredients, tailored to the person. Eventually, the information is processed by the system and sent to the laboratory for products that meet all the best quality standards.

In June 2018, Shampora completed the Acceleration Program of LVenture Group LUISS EnLabs. The startup is developing a platform that allows you to create tailor-made personal care products, initially focusing on hair products. A virtual assistant analyzes your data (hair characteristics, as well as the specific needs and lifestyle), and processed it in real-time through the proprietary algorithm, transmitting the information to the laboratory where shampoos, conditioners, and other hair treatments are created: each product is unique, your personal solution out of millions of possible combinations.

In just two years after its launch, the startup has sold over 100,000 customized products in Italy alone, significantly increasing sales in recent months, reaching peaks of 2,000 orders per day. Online shopping recently experienced a boom as an effect of the Covid-19 pandemic (from January to October there were almost 2 million new e-commerce customers, with an estimated sector’s annual growth of 26% ) and the customization of products is highly trending in the beauty market, thanks to new digital technologies.

“The digitalization of sales channels and the product customization are fundamental assets of the evolution of consumption all over the world, since e-commerce, during this health emergency we are experiencing, is often a necessity rather than an option. – comments Stefano Molino, Head of the Accelerators Fund of CDP Venture Capital SGR – Fondo Nazionale Innovazione – With this investment, we are happy to support, together with the other venture capital operators, the growth of an innovative company such as Shampora. Thanks to its technology, it has been able to seize the opportunities in a deeply changing market”.

“Shampora is much more than simple e-commerce: it has a competent and enthusiastic team, it relies on solid foundations, combining digital, research, product development, and industrial innovation. It is time to broaden the horizons and take the market. As IAG members, we are very pleased to provide the startup not only with our capital but also with our network’s different skills, experiences, and relationships, to support Shampora in its ambitious growth path”, said Roberto Serafini and Marco Graziani, who coordinated the investment of Italian Angels for Growth (IAG).

“Making tailor-made beauty products affordable for everyone is our challenge and we are very satisfied with the great enthusiasm of our partners and new investors. We want to strengthen our position as an end-to-end company of personalized hair products: right from the beginning research and development, manufacturing, direct-to-consumer marketing, and logistics are all part of an integrated process. We could even come all the way to each customer’s home to apply the products directly to their hair if you ask to do so” said Manuel Corona, CEO of Shampora.


Source: https://techstartups.com/2020/11/24/italian-tech-startup-shampora-closes-e3m-funding-let-consumers-create-buy-customized-personal-care-products-online/

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Glue raises $8 million in Series A funding to automate customer loyalty programs

According to a survey conducted by Invesp, acquiring a new customer can cost five times more than retaining an existing customer. The survey also finds that increasing customer retention by 5% can increase profits from 25-95%. A customer loyalty program is one […]

The post Glue raises $8 million in Series A funding to automate customer loyalty programs appeared first on Tech News | Startups News.

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According to a survey conducted by Invesp, acquiring a new customer can cost five times more than retaining an existing customer. The survey also finds that increasing customer retention by 5% can increase profits from 25-95%. A customer loyalty program is one of the many approaches used by companies that recognizes and rewards customers who purchase or engage with a brand on a recurring basis.

Implementing a loyalty program can be difficult and time-consuming, especially for small businesses. Glue Loyalty is a tech startup that helps small businesses build a loyalty program that includes the right rewards, coupons, points mechanism, and more. With Glue’s fully automated Loyalty Manager, companies can focus on building their business while Glue does the heavy lifting of the loyalty program.

Today, Glue announced it has raised $8 million in series A funding led by Unicorn Technologies. Glue will use the funding proceeds to help local businesses to adopt loyalty programs.

“Using Glue is like hiring your very own expert loyalty manager, one you can trust, and afford. Completely automatic and totally hassle-free,” Glue said on its website.

Glue was founded in 2014 by Ira Nachtigal after gaining massive amounts of experience and insights about customer loyalty in Bobile LTD. Glue team is comprised of leading data, loyalty, tech, and customer experience experts, all firm believers in standing on the shoulders of giants and using them as a springboard.

That is why we harnessed data from working with over 50,000 SMBs to develop a first of its kind, fully automated loyalty program manager, specifically geared to make SMB’s owners live better. Today, Glue operates in 6 countries around the world, helping businesses everywhere turn their customers into regulars and loyalty into revenues.


Source: https://techstartups.com/2020/11/24/glue-raises-8-million-series-funding-automate-customer-loyalty-programs/

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Peter Thiel backs Berlin startup ATAI Life Sciences in $125M round to develop psychedelics treatment for people suffering from mental health disorders

Almost a billion people suffer from mental health problems worldwide, according to the World Health Organization. ATAI Life Sciences is a biotechnology startup founded in 2018 in response to the clear and growing unmet needs of mental health patients worldwide. ATAI […]

The post Peter Thiel backs Berlin startup ATAI Life Sciences in $125M round to develop psychedelics treatment for people suffering from mental health disorders appeared first on Tech News | Startups News.

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Almost a billion people suffer from mental health problems worldwide, according to the World Health Organization. ATAI Life Sciences is a biotechnology startup founded in 2018 in response to the clear and growing unmet needs of mental health patients worldwide. ATAI leverages a decentralized, technology- and data-driven platform model to serve millions of people suffering from mental health disorders.

Today, ATAI announced it has closed a $125 million Series C financing round. The round was co-led by Apeiron Investment Group, the family office of ATAI’s founder Christian Angermayer, Peter Thiel, and Catalio Capital Management. Peter Thiel, the tech billionaire who co-founded Palantir and PayPal, made a 10 million euro ($12 million) investment in ATAI Life Sciences through his venture firm, Thiel Capital. Other existing investors participated in the round.

Commenting on the funding, Thiel said, “ATAI’s great virtue is to take mental illness as seriously as we should have been taking all illness all along. The company’s most valuable asset is its sense of urgency.”

ATAI said it will use the new capital infusion to fund pre-clinical and clinical development of ATAI’s existing mental health programs, to expand its drug candidate pipeline and further advance ATAI’s platform technologies. The Company expects the proceeds to provide the necessary runway to accomplish several key clinical milestones including Phase 2 data readouts for arketamine in treatment-resistant depression at Perception Neuroscience and ibogaine in opioid use disorder at DemeRx, as well as the completion of Phase 1 and initiation of Phase 2 trials at four other programs.

Founded by Christian Angermayer, Florian Brand, and Lars Christian Wilde, ATAI aims to responsibly accelerate the development of new medicines across its business entities, seeking to effectively treat and ultimately heal mental health disorders.

“We are grateful to have the strong support of both new and existing investors, comprised of forward-thinking individuals that share in our belief that innovation in mental healthcare is urgently needed and possible,” said Florian Brand, CEO & Co-Founder of ATAI Life Sciences. “We believe that our psychedelic and non-psychedelic compounds have compelling therapeutic promise based upon a growing body of scientific evidence. This round of funding is another step towards our vision to effectively treat and ultimately prevent mental health disorders, bridging the gap between what the mental health system currently provides and what patients need.”

“With COVID-19 only accentuating the failures of existing standards of care, we are at an inflection point when it comes to seriously addressing this global mental health crisis,” said Christian Angermayer, Founder of ATAI. “I’m excited to continue my support of ATAI alongside an impressive group of investors. I’m proud of the best-in-class technology, tools and top-tier talent that has been established at ATAI to developing promising therapeutics to treat mental health disorders. ATAI’s progress to date has been astounding, and I’m thrilled at what is yet to come.”


Source: https://techstartups.com/2020/11/24/peter-thiel-backs-berlin-biotech-startup-atai-life-sciences-125m-series-c-funding-round-develop-psychedelics-treatment-people-suffering-mental-health-disorders/

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