Startup Around

There appear to be two issues for startup entrepreneurs with the different types of loans that companies can receive.

The first is the “Affiliation Rules” that the Small Business Administration (SBA) uses to determine who is eligible for loans.

While the EIDLs may be interesting, the biggest issue is the lack of clarity around affiliation rules, Justin Field, NVCA’s senior vice president of government affairs, tells me.

“These rules will make it more difficult for small businesses with equity investors to even understand if they can access the program,” he says.

When implementing the CARES Act, we urge the SBA to issue guidance that makes clear affiliation rules do not arbitrarily exclude our most innovative startups.” | To read full story, visit https://startuparound.com/read/1585593006.70185/Amid-concerns-that-startups-could-be-left-out-of-COVID-19-bailout,-investors-step-up-lobbying-–-TechCrunch?ref=audio_experience

Kitchener-based educational toy manufacturer INKSmith is creating personal protective equipment (PPE) to help healthcare workers stay safe during the COVID-19 outbreak.

The company has developed two plastic face shields and plans to hire over 100 employees to meet demands from the health sector.

The company received approval from Health Canada on March 24 to manufacture PPE face shields.

The face shields, called the Community Shield and the Canadian Shield, are intended for single-day, single-person use.

The Canadian Shield includes a laser-cut headband and reinforcement piece, a clear protective face shield, and an adjustable elastic head-strap. | To read full story, visit https://startuparound.com/read/1585591206.1584156/INKSmith-to-hire-100-employees-as-it-ramps-up-development-of-face-shields-for-healthcare-workers?ref=audio_experience

LifeSciences BC is circulating two forms for businesses in BC, one for those needing supplies or equipment, and another for companies that have and can distribute supplies.

The initiative targets entities with medical equipment, PPE, organizations that are able to manufacture critical care equipment that can be inventoried, picked up, and supplied to health authorities for use on the front line.

The federal plan is aimed directly to support businesses’ efforts in rapidly scaling up production or re-tooling their manufacturing lines to develop products made in Canada.

The province gave itself the power to take over supply chains for essential goods and services and centralize procurement for critical supplies needed by healthcare providers.

That decision also grants BC’s provincial government the ability to require retailers and suppliers to report their stock of critical supplies like protective health equipment. | To read full story, visit https://startuparound.com/read/1585589406.1761935/LifeSciences-BC-calls-for-suppliers-to-assist-with-equipment-for-healthcare-workers-fighting-COVID-19?ref=audio_experience

Aurea Software, Inc., an Austin, TX-based provider of cloud-based, enterprise-scale software for businesses to drive digital transformation, is to acquire BroadVision (Nasdaq: BVSN), a Redwood City, CA-based provider of complex document creation, management and collaboration tools.

The addition of BroadVision to Aurea’s enterprise software library continues the company’s focus on strengthening its collaboration suite of offerings available under their Aurea Unlimited single subscription plan.

BroadVision expects shareholders to receive at least $4.375 per share of BVSN common stock.

On the plan effective date, all existing equity interests in BroadVision will be extinguished, and ESW will receive all shares of the reorganized company.

Aurea, together with BroadVision, will plan a smooth transition for employees and customers that will begin upon completion of the potential acquisition. | To read full story, visit https://startuparound.com/read/1585587609.8384292/Aurea-to-Acquire-BroadVision?ref=audio_experience

SmartLinx Solutions, a Iselin, N.J.-based provider of workforce management solutions, received a growth equity investment from Marlin Equity Partners.

The amount of the deal was not disclosed.

The investment will support SmartLinx through its next phase of growth.

Founded in 2000 and led by Marina Aslanyan, CEO, SmartLinx provides workforce management and human capital management solutions designed specifically for the needs of for skilled nursing, senior living and post-acute care providers.

Its solutions suite includes talent acquisition and onboarding, human resources, benefits and payroll, time and attendance, scheduling, compliance and business analytics. | To read full story, visit https://startuparound.com/read/1585585808.2918997/SmartLinx-Solutions-Receives-Strategic-Investment-from-Marlin-Equity?ref=audio_experience

Of the three types of cloud computing SaaS is possibly the most popular with business.

Cloud computing consists of three mainstays: PaaS (Platform as a Service), SaaS (Software as a Service), and IaaS (Infrastructure as a Service).

Like the other service models SaaS is hosted at the cloud provider.

There you’ll find A-class experts that can help you scale your current SaaS development business or move to SaaS solutions.

SaaS solutions, at least those that are rendered by professional SaaS developers, come with the latest upgrade. | To read full story, visit https://startuparound.com/read/1585584006.1249464/Why-choose-SaaS-application-development-for-your-business-success??ref=audio_experience

What are some signs that an “angel investor” is really a “devil investor”? | To read full story, visit https://startuparound.com/read/1585582207.1591635/7-Signs-an-Angel-Investor-…-May-Really-Be-a-“Devil”-Investor?ref=audio_experience

Quite frankly, if you haven’t already turned your online ventures into a well-oiled machine, now is the time to make that strategy upgrade.

Even a quick boost to your online strategy is not difficult to achieve.

Your website is kingIf you are serious about making a noise online, your website has to be on point.

A blog is a great way to show personality, which can also encourage better relationships with the customer.

Increase your SEO, and your online ventures will see vast improvements. | To read full story, visit https://startuparound.com/read/1585580406.579354/3-ways-to-optimise-your-online-strategy?ref=audio_experience

IIT Guwahati on Monday said it is working on developing a drug for treatment of COVID-19 patients and is planning to set up a dedicated center for research on the deadly virus.

"As there are no approved drugs presently available for the disease, the faculty members are in the process of developing small molecules inhibitors for the treatment of COVID-19 using modern biotechnological tools," IIT Guwahati said in a statement.

The overall idea is to develop safe, efficacious and affordable drug for the treatment of COVID-19 patients and other dreadful viral infections, it added.

He said it has provided two real-time PCR machines, which have been developed in-house and patented, to the GMCH for the diagnosis of coronavirus.

The institute is also working on manufacturing hospital beds, ventilators, medical waste disposal in the isolation wards and masks and hand sanitisers, the statement said. | To read full story, visit https://startuparound.com/read/1585578605.2145407/Coronavirus:-IIT-Guwahati-working-on-developing-COVID-19-drug?ref=audio_experience

Startups need to start thinking of this New Normal and envision how their business model should adaptCovid 19 struck the world like a thunderbolt giving it practically no time to take any rearguard action.

Suffice it to say that the world will never be the same again as it regains sanity and starts functioning.

The Beginning Of A New Normal Post-CovidHowever, every crisis presents an opportunity.

We would, therefore, urge startups to start thinking of this New Normal and envision how their business model should adapt or leverage this to succeed.

did not act enough and keep the world informed about this surge in Covid cases until it was impossible to push it under a carpet. | To read full story, visit https://startuparound.com/read/1585576805.282926/Looking-Out-Of-The-Windshield-In-The-New-Normal-World?ref=audio_experience