Tag: Start-up

Breach, an insurtech start-up that is building insurance technology and products for the growing cryptocurrency market, has been approved by the Bermuda Monetary Authority (BMA) to launch a new class IIGB insurer. Breach was created with a mission to make crypto safer by creating net new insurance capacity and innovative insurance products. Today’s announcement is a foundational block in Breach’s missions to build a healthier ecosystem for all stakeholders. The new carrier will allow Breach to underwrite emerging crypto risks as a primary insurer, with a key focus on the development of bespoke embedded products tailor made for crypto native ... Read more

Enhancement and Start-up Grant Scheme for Self-financing Post-secondary Education opens for application ******************************************************************************************      The Education Bureau (EDB) today (December 21) announced that the 2022/23 round of applications under the Enhancement and Start-up Grant Scheme for Self-financing Post-secondary Education is open for application from today to April 13, 2023.         The Scheme aims to provide financial support for eligible self-financing post-secondary education institutions to develop and enhance programmes that meet market needs but require high start-up costs, and help alleviate the institutions’ need to fully recover the set-up costs from tuition fees, thus relieving the financial burden on students. ... Read more

Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh announced financial support of Rs. 3.29 crores to M/s Kritsnam Technologies, a Start-up Company, incubated at IIT Kanpur to develop smart water management technologies. He said, the technology, initially focused on commercial users, can be a game changer in effectively monitoring & controlling the ground water exploitation across country in future. An MoU was signed in the presence of Dr Jitendra Singh between the Technology Development ... Read more

bp today announced a significant milestone with the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021. Manuel includes a new subsea production system for two new wells tied into the Na Kika platform. The wells are expected to boost gross platform production by an estimated 20,100 barrels of oil equivant a day (boe/d). “Manuel is exactly the type of high-value project that is critical to growing our business here in the Gulf of Mexico. bp’s focused and resilient hydrocarbons business is a key ... Read more