Georgian Entrepreneurs Look to Silicon Valley for Funding

Boris Kiknadze, chief executive of Pawwwn, took a deep breath as he looked out to the crowd of Silicon Valley venture capitalists and began his pitch.

With just 10 minutes to speak, Kiknadze rapidly described his business idea — Pawwwn, an online payment and management system to make transactions easier for pawnshop owners and their customers. The pain point for pawn shops is payment. Pawwwn takes away that pain, he said.

For months, Kiknadze and his co-founder had developed Pawwwn in his home country of Georgia before getting on a plane for San Francisco. Since the firm launched in March, Kiknadze has had 20 customers trying out the service.

But with 1,400 pawnshops in Georgia and 12,000 more in the U.S., Kiknadze saw a big opportunity. And to achieve that, he needs cash — $1 million, which he said he would use to launch Pawwwn in the U.S.

Competing for investors

Kiknadze is part of Startup Georgia, a project administered by Georgia’s Innovation and Technology Agency, that connects U.S. experts and investors with startups in Georgia.

More than 250 entrepreneurs tried out in Georgia to qualify for a week of training in Tbilisi, the nation’s capital. Among those 50 who participated in the training, 20 were selected for seed funding and three months of additional training with a Silicon Valley expert with weekly videoconferencing meetings.

Of those, eight were chosen to travel to the U.S. for a boot camp and to pitch to investors directly.

Georgia, a country of fewer than 4 million people, is looking to the success of small countries, such as Estonia and Israel, to pitch itself as a burgeoning tech hub, said Mark Iwanowski, founder and president of Global Visions-Silicon Valley, which provided the U.S. support for the program.

For U.S. investors, typically reluctant to invest beyond U.S. tech hubs, there is an opportunity to get more value in overseas companies, where labor costs are lower, he said. To attract these investors, foreign companies need to incorporate in the U.S. and set up a team here.

Over the past week in Silicon Valley, the Georgian entrepreneurs received one-on-one mentorship training as they refined their pitches. They heard from lawyers on protecting intellectual property and listened to venture capitalists talk about how to approach investors.

“If a venture capitalist says they love it, it kind of doesn’t mean anything,” said Steve Goldberg, operating partner at Venrock, a venture firm. “My advice is to have people on the team who understand venture-speak.”

“Understand what the investor is looking for,” said Ron Weissman of Band of Angels, Silicon Valley’s oldest seed fund. He suggested approaching investors seeking a conversation — “I’m not here to raise money. I’m here to get a sense of what it would take to interest you.”

Tech’s next ‘unicorn’?

That is the kind of approach honed by Vamekh Kherkheulidze, founder and medical adviser to ORsim, a Georgian operating room virtual reality simulator.

By slipping on a virtual reality headset and a special glove that gives all the sensations of holding instruments and operating on a person, medical students can better learn how to become surgeons, Kherkheulidze said. And that’s important, because there’s a shortage of surgeons both in the U.S. and worldwide.

From potential investors, ORsim is looking “for supporters,” he said. “We promote new ways of education and we want investors who understand that.”

Still, his ambition is big. “We want to expand and expand fast,” Kherkheulidze said. Already, ORsim, with $35,000 in pre-seed funding from Startup Georgia, has an appendectomy simulator.

“Our hope is to be a unicorn,” Kherkheulidze said, referring to the term used to describe startups worth more than $1 billion in valuation. But in addition to greatly improving surgical training worldwide, he sees his company as a way to help his home country.

“If we are worth $1 billion, you can increase the economy. What was Skype’s influence in Estonia?” he said, referring to the Estonian internet communication service bought by Microsoft for more than $8 billion.

After the pitches, the entrepreneurs mingled with investors. No one got investment on the spot, but most are hopeful and are following up with meetings next week.

British Robot Helps Autistic Children With Social Skills

“This is nice, it tickles me,” Kaspar the social robot tells four-year-old Finn as they play together at an autism school north of London.

Kaspar, developed by the University of Hertfordshire, also sings songs, imitates eating, plays the tambourine and combs his hair during their sessions, aimed at helping Finn with his social interaction and communication.

If Finn gets too rough, the similarly sized Kaspar cries: “Ouch, that hurt me.” A therapist is on hand to encourage the child to rectify his behavior by tickling the robot’s feet.

Finn is one of around 170 autistic children that Kaspar has helped in a handful of schools and hospitals over the last 10 years.

But with approximately 700,000 people in Britain on the autism spectrum, according to the National Autistic Society who will mark World Autism Day on Sunday, the university want Kaspar to help more people.

“Our vision is that every child in a school or a home or in a hospital could get a Kaspar if they wanted to,” Kerstin Dautenhahn, professor of artificial intelligence at the University of Hertfordshire, told Reuters.

Achieving that goal will largely depend on the results of a two-year clinical trial with the Hertfordshire Community NHS Trust, which, if successful, could see Kaspar working in hospitals nationwide.

TRACKS, an independent charity and specialist early-years center for children with autism in Stevenage, have seen positive results from working with Kaspar, who sports a blue cap and plaid shirt for play sessions.

“We were trying to teach a little boy how to eat with his peers. He usually struggled with it because of his anxiety issues,” said deputy principal Alice Lynch. “We started doing it with Kaspar and he really, really enjoyed feeding Kaspar, making him eat when he was hungry, things like that. Now he’s started to integrate into the classroom and eat alongside his peers. So, things like that are just a massive progression.”

Many children with autism find it hard to decipher basic human communication and emotion so Kaspar’s designers avoided making him too lifelike and instead opted for simplified, easy-to-process features.

Autism support groups have been impressed.

“Many autistic people are drawn to technology, particularly the predictability it provides, which means it can be a very useful means of engaging children, and adults too,” Carol Povey, director of the National Autistic Society’s Centre for Autism, told Reuters.

“This robot is one of a number of emerging technologies which have the potential to make a huge difference to people on the autism spectrum.”

Trump Set to Overturn Online Privacy Protections, Stirring Debate

U.S. President Donald Trump is poised to sign legislation overturning privacy protections for Internet users, a move supporters say will level the playing field for providers but critics argue will hurt consumers.

The bill eliminates Obama-era regulations that required Internet service providers, or ISPs, to get permission before collecting or selling sensitive user data, such as Internet browsing history.

Supporters say the bill will create a more even field for ISPs, which are regulated by the Federal Communications Commission. Other Internet companies, such as Facebook and Google, are managed by the Federal Trade Commission, which places fewer restrictions on how they can collect and sell user data.

“Having two privacy cops on the beat will create confusion within the Internet ecosystem and will end up harming consumers,” said Rep. Marsha Blackburn, a Republican from Tennessee, on Tuesday.

Democrats, groups object 

Supporters also argue that the reaction has been overblown, noting that the Obama-era FCC rules, which had been approved in December, hadn’t even been put in place yet.

The bill passed Congress this week with the overwhelming support of Republicans. White House officials have previously said Trump will sign the legislation, despite objections from Democrats and privacy advocate groups.

“This legislation will seriously undermine the privacy protections of the overwhelming majority of Americans who believe that their private information should be just that — private — and not for sale without their knowledge,” a group of 46 Democratic lawmakers said this week in a letter urging Trump to veto the bill.

Tom Wheeler, the former head of the FCC, wrote an opinion piece for The New York Times calling the repeal a “dream for cable and telephone companies, which want to capitalize on the value of such personal information.”

U.S. Internet companies have long profited from U.S. privacy regulations, which are generally considered weaker than those in parts of the developed world, such as the European Union.

Big companies make big money from data

Companies such as Apple, Microsoft, Facebook and Amazon “profit heavily from the mining of consumer data,” says Evan Swarztrauber with the Internet privacy advocacy group TechFreedom.

“It’s at least arguable that the U.S. has more successful tech firms than the EU because the U.S. has a more relaxed privacy framework, which allows for more innovation and experimentation,” he says.

But profit should not be the only consideration, according to critics, such as the Electronic Frontier Foundation, a digital rights group.

“Should President Donald Trump sign S.J. Res. 34 into law, big Internet providers will be given new powers to harvest your personal information in extraordinarily creepy ways,” Ernesto Falcon, a legislative counsel at EFF, said in an online post.

Bill has limited international impact

Falcon slammed lawmakers who “have decided to give our personal information to an already highly profitable cable and telephone industry so that they can increase their profits with our data.”

The bill itself has limited international impact. Falcon says the bigger concern for global web users is state-sponsored surveillance, such as that conducted by the NSA.

“No real amount of commercial deregulation or regulation would offset the loss of privacy rights that state-sponsored surveillance violates in terms of international issues,” he told VOA.

 

Oculus Co-founder Palmer Luckey Leaves Facebook

Palmer Luckey, the co-founder of Facebook’s Oculus virtual-reality business, is leaving the company.

Facebook didn’t give a reason for Luckey’s departure. His last day is Friday.

Luckey, who is 24, is leaving Facebook in the heels of controversies. Earlier this year, a federal jury found that Oculus, Luckey and co-founder Brendan Iribe violating the intellectual property rights of video-game maker ZeniMax Media. The jury awarded $500 million in damages, including $50 million from Luckey.

Luckey was also criticized for a donation of $10,000 to a pro-Donald Trump group called Nimble America, which created offensive memes online during the 2016 election season.

Facebook bought Oculus in 2014 for $2 billion. Oculus makes the stand-alone Rift virtual-reality headset along with the Gear VR headset for Samsung.

White House Defends Plan to Eliminate Obama-era Internet Privacy Rules

The White House on Thursday defended a bill recently passed by Congress to repeal Obama-era internet privacy protections, saying the move was meant to create a fair playing field for telecommunication companies.

White House spokesman Sean Spicer, during a Thursday news briefing, reiterated President Donald Trump’s support for the plan to repeal a rule forbidding internet service providers from collecting personal data on users.

Spicer said the Obama administration’s rules reclassified internet service providers as common carriers, similar to hotels and other retail stores, treating them unfairly compared with edge providers, like Google and Facebook.

Repealing the rules, he said, will “allow service providers to be treated fairly and consumer protection and privacy concerns to be reviewed on a level playing field.”

Critics of the repeal bill say it could put the internet browsing histories of private citizens up for sale to the highest bidder.

“Apparently [House Republicans] see no problem with cable and phone companies snooping on your private medical and financial information, your religious activities or your sex life,” said Craig Aaron, president and CEO of net neutrality group Free Press Action Fund. “They voted to take away the privacy rights of hundreds of millions of Americans just so a few giant companies could pad their already considerable profits.”

Win for telecoms

Repealing the rules, which were instituted just prior to last year’s presidential election by the Federal Communications Commission but hadn’t yet taken effect, could be seen as a win for major telecom companies like Verizon and AT&T, which can use the consumer data to target digital ads more effectively.

The companies have said the privacy rules put them at a disadvantage compared with websites like Facebook and Google, which aren’t normally regulated by the FCC and weren’t affected by the rules.

Spicer called the rules “federal overreach” instituted by “bureaucrats in Washington to take the interests of one group of companies over the interests of others, picking winners and losers.”

“[Trump] will continue to fight Washington red tape that stifles American innovation, job creation and economic growth,” Spicer said.

Long Now Foundation Thinks 10,000 Years Ahead

In a cave in a mountain in western Texas, the Long Now Foundation is building a clock – a big clock, 150 meters tall. The clock will tick only once each year, go bong once a century, and once a millennium, it will send out a cuckoo. Its creators plan for it to last at least 10,000 years.

But they’re not doing it just to build a better clock.

“The goal of the Long Now Foundation,” explains its Executive Director Alexander Rose, “is fundamentally to foster long term responsibility and to think about the future in much deeper terms.”

He calls the enormous, slow-ticking timepiece an icon of long-term thinking, one of many projects Long Now has launched on that scale.

“There’s certain problems such as climate change, or education or things like that that can only be solved if you’re thinking on a multi-generational or even longer time frame,” he said.

 

Ferrets and mammoths

One of those long-term projects is an effort to save the black-footed ferret. This endangered, New World weasel is vulnerable to the old-world disease known as plague.

The Long Now’s Revive and Restore project is exploring how to genetically modify the ferret’s DNA to resist plague.

Rose says that Revive and Restore is also looking for ways to bring back the woolly mammoth. 

“We’re sitting on the cusp of one of the very first times in human history where we can do that. That project has been pulling together different scientists as well as ecologists to figure out not only what species we could do but what we should do to help the environment.”

Disappearing languages are another Long Now priority. This century, thousands of rare human languages may disappear. The Long Now is partnering with linguists and native speakers to preserve these languages on line. The foundation also has created language “decoder rings.” Each of these palm-sized disks, made from long-lasting nickel, holds miniaturized language pages for over 1,000 languages.

University of Colorado archives director Heather Ryan has assisted what’s called the Rosetta Project. She says the Rosetta Disks are a great thought experiment for long-term thinking. And if we ever lose our on-line experts, she says, they may also be practical.

“Looking 10,000 years into the future, somebody could come across and . . . pick up the fact that there’s information etched on here. We can then find clues to all the languages of human civilization over time,” Ryan said.

In the here and now

To foster long-term responsibility, the Long Now Foundation sponsors talks and podcasts with visionaries, such as Dr. Larry Brilliant. The physician and epidemiologist is a former hippie and current philanthropist, who helped the World Health Organization eradicate smallpox.

Audience members say hearing these long-term thinkers gets them thinking about their future. One teenage boy announces, “Eventually, I want to make a difference in the world.” A man in the crowd observes, “We have to have a long-term view in order to have a long term life.”

 

As for pessimists who wonder, what’s the point of thinking 10,000 years ahead, when the world might not survive another 10 months, another member of the audience answers with a laugh, “Makes you wonder, but you’ve always got to keep your eye on the future or else you’ll be stuck. And you can’t get anything done if you’re stuck.”

By helping people care, dream and do, the Long Now Foundation plans to make the world a better place for a long time to come.

Twitter Eases 140-character Limit in Replies

Twitter has found more creative ways to ease its 140-character limit without officially raising it.

 

Now, the company says that when you reply to someone – or to a group – usernames will no longer count toward those 140 characters. This will be especially helpful with group conversations, where replying to two, three or more users at a time could be especially difficult with the character constraints.

 

When users reply, the names of the people they are replying to will be on top of the text of the actual tweet, rather than a part of it.

 

Last year, Twitter said it would stop counting photos, videos, quote tweets, polls and GIF animations toward the character limit. Twitter also said it would stop counting usernames, but the change did not go into effect until now.

 

Twitter, which has been struggling to attract new users, has been trying to appeal to both proponents and opponents by sticking to the current limit while allowing more freedom to express thoughts, or rants, through images and other media.

 

Twitter’s character limit was created so that tweets could fit into a single text message, back in the heyday of SMS messaging. But now, most people use Twitter through its mobile app. There isn’t the same technical constraint, just a desire on Twitter’s part to stay true to its roots.

 

Of course, there are ways to get around the limit , such as sending out multi-part tweets, or taking screenshots of text typed elsewhere.

The Long Now Thinks Very Far Ahead

In the U.S., people often measure “success” as fifteen minutes of fame, or a blockbuster financial quarter. This focus on short term results doesn’t always build the skills needed to solve long-term problems, such as reducing disease outbreaks or maintaining species diversity. Concerns about the nation’s short attention span have prompted some visionaries to create a playfully serious way to think ahead. From San Francisco, Shelley Schlender reports about the Long Now Foundation.

Vote to Repeal US Broadband Privacy Rules Sparks Interest in VPNs

The vote by the U.S. Congress to repeal rules that limit how internet service providers can use customer data has generated renewed interest in an old internet technology: virtual private networks, or VPNs.

VPNs cloak a customer’s web-surfing history by making an encrypted connection to a private server, which then searches the Web on the customer’s behalf without revealing the destination addresses. VPNs are often used to connect to a secure business network, or in countries such as China and

Turkey to bypass government restrictions on Web surfing.

Privacy-conscious techies are now talking of using VPNs as a matter of course to guard against broadband providers collecting data about which internet sites and services they are using.

“Time to start using a VPN at home,” Vijaya Gadde, general counsel of Twitter Inc, said in a tweet on Tuesday that was retweeted by Twitter Chief Executive Jack Dorsey.

Gadde was not immediately available for comment. Twitter said she was commenting in her personal capacity and not on behalf of the company.

The Republican-led U.S. House of Representatives voted 215-205 on Tuesday to repeal rules adopted last year by the Federal Communications Commission under then-President Barack Obama to require broadband providers to obtain consumer consent before using their data for advertising or marketing.

The U.S. Senate, also controlled by Republicans, voted 50-48 last week to reverse the rules. The White House said President Donald Trump supported the repeal measure.

Supporters of the repeal said the FCC unfairly required internet service providers like AT&T Inc, Comcast Corp and Verizon Communications Inc to do more to protect customers’ privacy than websites like Alphabet Inc’s

Google or Facebook Inc.

Critics said the repeal would weaken consumers’ privacy protections.

VPN advantages, drawbacks

Protected data includes a customer’s web-browsing history, which in turn can be used to discover other types of information, including health and financial data.

Some smaller broadband providers are now seizing on privacy as a competitive advantage. Sonic, a California-based broadband provider, offers a free VPN service to its customers so they can connect to its network when they are not home. That ensures that when Sonic users log on to wi-fi at a coffee shop or hotel, for example, their data is not collected by that establishment’s

broadband provider.

“We see VPN as being important for our customers when they’re not on our network. They can take it with them on the road,” CEO Dane Jasper said.

In many areas of the country, there is no option to choose an independent broadband provider and consumers will have to pay for a VPN service to shield their browsing habits.

Private Internet Access, a VPN provider, took a visible stand against the repeal measure when it bought a full-page ad in the New York Times on Sunday. But the company, which boasts about a million subscribers, potentially stands to benefit from the legislation, acknowledged marketing director Caleb Chen.

VPNs have drawbacks. They funnel all user traffic through one point, so they are an attractive target for hackers and spies. The biggest obstacle to their routine use as a privacy safeguard is that they can be too much of a hassle to set up for many customers. They also cost money.

“The further along toward being a computer scientist you have to be to use a VPN, the smaller a portion of the population we’re talking about that can use it,” said Ernesto Falcon, a legislative counsel for the Electronic Frontier Foundation, which opposed the bill.

Advanced Trash-to-Fuel Plant Goes Online in Israel

While President Trump’s latest executive order gives renewed life to power plants that burn coal, energy companies continue to seek and find alternative, less expensive and cleaner sources of fuel. One possibility is turning trash into fuel in an environmentally responsible way. VOA’s George Putic reports that authorities in Tel Aviv say their new garbage processing plant is on track to produce as much as 500 tons of fuel daily.

Tackling Global Health Care: Tips for Aspiring Entrepreneurs

Imagine a vaccine vial with a temperature-sensitive label that changes colors when exposed to excessive heat.

That’s the sort of technology that can make a huge difference for doctors working in challenging conditions, allowing them to determine at-a-glance whether heat-sensitive vaccines are viable.

The vaccine vial monitor is one of the projects at the Program for Appropriate Technology in Health (PATH), an international nonprofit based in Seattle with more than 22 offices around the world, including sub-Saharan Africa, India and Southeast Asia.

The organization partners with foundations, non-governmental organizations and governments to expedite the development of global health solutions such as vaccines, drugs and medical devices. PATH’s aim is to help deliver breakthroughs in drug and medical devices on a global scale.

Tribendimidine (TrBD) is one of those potential breakthroughs — a drug treatment for soil-transmitted helminths, or intestinal worm infections.

According to the World Health Organization, over 1.5 billion people, or 24 percent of the global population, have acquired soil-transmitted helminths infections. Tropical and subtropical regions of the world are most affected, with the highest rates of incidences in sub-Saharan Africa, the Americas, China and East Asia.

The development of new drugs like TrBD helps deter increasing resistance to existing drugs, when used in tandem with or as a replacement for these drugs.

Advice for entrepreneurs

David Shoultz, program leader for drug development at PATH, considers three factors essential to the long-term success of health care solutions, and advises aspiring entrepreneurs to keep them in mind: demand, cost and consumer-oriented product design.

“Unless we understand what the user is looking for and if we can then actually project what the demand will be … any technology, no matter how good it is, is likely to fall flat,” he said.

Shoultz recommends entrepreneurs find partners who can be a bridge into the global health arena.

“It may be that the entrepreneur truly does have a brilliant idea and it’s already available in a different setting,” he said. Organizations like PATH and the Bill and Melinda Gates Foundation can help filter and shape ideas, along with facilitating important industry connections.

Cost is another important consideration for entrepreneurs. Medical technologies developed in high-income countries can be less accessible to those in middle- or low-income countries, which is why Shoultz advises entrepreneurs to keep prices as low as possible.

For example, PATH’s drug for soil-transmitted helminths will sell for $0.06 to $0.07 cents a tablet.

“To be honest, there are comparable drugs that are even a little bit less expensive than that,” noted Shoultz, “We’re constantly trying to think of, OK, how could we make it even a little bit less expensive.'”

WATCH: Shoultz Talks about Common Mistakes by Entrepreneurs

Ultra Rice

Global entrepreneurs should also consider end-users not just as patients, but as consumers, Shoultz said.

“Sometimes we think about consumers or users in low-income settings as being very utilitarian, and in fact, my experience … is that they’re looking for the same thing that all of us are looking for in consumer goods — they do want to be excited and delighted,” he said.

To that end, PATH developed a rice fortification technology called Ultra Rice in which grains made from rice flour are fortified with vitamins and minerals and produced to resemble real rice grains. The Ultra Rice grains are then mixed with local, natural rice supplies to significantly boost their nutritional value.

The product aids those around the world suffering from micronutrient deficiencies, of which the United Nations World Food Program says there are 2 billion.

“I think really understanding the consumer impulse … is critically important, rather than just imagining that we’re going to build drab or utilitarian tools, because that’s not very exciting to consumers, regardless of their income level,” Shoultz said.