Forum for Women Entrepreneurs Launches The Giustra Foundation Bursary Fund for Women Entrepreneurs to Support Women Business Owners Across Canada

Today, the Forum for Women Entrepreneurs (FWE), in partnership with The Giustra Foundation, announced the creation of a bursary fund, easing access to game-changing mentorship and education for women entrepreneurs across the country who need it most.

The new fund, which will launch with $150,000 over three years through a major donation from The Giustra Foundation, will provide much-needed tuition bursaries for women entrepreneurs to take FWE’s programs. With the goal of ensuring that impactful programming reaches those women entrepreneurs who need it most, the bursary will support women who – due to financial difficulties or belonging to a marginalized group – would otherwise not be able to access FWE’s programs.

These programs include a 4-week Money Moves Program that educates women on the funding landscape; a Mentor Program that connects women with business experts for 12 months of 1:1 mentorship; its foundational E-Series Program that provides deep learning

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Digital-First Business Demands A People-First Mindset

Sharat Sharan is the Co-Founder, president and CEO of ON24, one of the largest B2B SaaS martech companies. 

This year, more companies than ever have embraced digital technology. Even industries that have traditionally been slower to adopt — such as manufacturing — are turning to digital business. McKinsey & Company reported that 96% of B2B companies shifted their go-to-market model during Covid-19, and most plan to keep their new model in place for a year or longer.

This tectonic shift has ushered in a new business reality. Digital transformation is over; now, companies operate under the digital imperative.

Many companies now champion digital-first, data-driven strategies. In reality, it’s not enough to flip the digital switch. Nearly any company can implement technology — most already have. Digital technology allows businesses to reach more people than ever more efficiently. However, many companies also run the risk of succumbing to the

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Is Sony’s smartphone business finally turning a corner?

Sony Xperia 1 II front display

  • Sony has reported stable year-on-year smartphone shipments in Q3 2020.
  • This marks the first time since 2017 that it was able to maintain shipments year-on-year.

Sony’s mobile business has endured a torrid time in the last few years, seeing ever declining smartphone shipments and constant losses. This necessitated restructuring and also saw the company retreat from several markets.

It looks like the company’s efforts to arrest the decline are starting to bear fruit though, as Sony reported relatively stable year-on-year smartphone shipments in Q3 2020 (h/t: Xperia Blog).

Sony only reported 600,000 smartphones sold in the quarter though, being dwarfed by the likes of Apple and Samsung selling millions of devices during this same period. But this marks the first time since Q2 2017 that it’s been able to maintain year-on-year shipments if not grow it.

Sony’s strategy seemingly gaining momentum

The Japanese company previously reported 800,000 smartphones sold

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Sony expects sensor business to not recover from Huawei sanctions until FY22

Sony on Wednesday announced it has cut the FY20 profit outlook for its sensor business by 38% to ¥81 billion due to the United States banning Sony from supplying chips to Huawei. 

In August, the United States issued sanctions that ban Huawei from procuring chips made by foreign manufacturers using US technology, like Sony.

Due to this impact, CFO Hiroki Totoki anticipates the sensor business will not make a full recovery in profitability until the fiscal year ended March 2023.

“We expect that it will take a long time for other customers to follow the trend to higher-functionality and larger die-sized smartphone cameras that the Chinese customer was leading. Thus, we expect the substantial recovery of profitability driven by these high value-added products to take place in the fiscal year ending March 31, 2023,” Totoki said during the results presentation.

Despite the hit to Sony’s sensor business, the company has

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Pandemic prompts business travel firm Lola to pivot into expense management software

It’s a good example of the Pandemic Pivot: Businesses of all sizes are rethinking their strategies right now in light of the seismic shifts in consumer and business behaviors brought about by COVID-19.

For Lola, the shift happened almost overnight, as English and Volpe tell it. In early March, Lola noticed a modest softening in US business travel. But within a week’s time, the situation worsened drastically. Concerns about the virus prompted them to tell employees to work from home, and then the travel slowdown cascaded into an outright collapse. Volpe, the chief executive, said the firm had to lay off 30 of its 100 or so workers.

Meanwhile, they decided to dust off an idea hatched the prior summer that became Spend, and put half of Lola’s engineering team to work on it.

Lola is fortunate to have a cushion of venture capital funds; it raised $37 million just

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Microsoft cloud business gathers steam as pandemic boosts growth

(Reuters) – Microsoft Corp’s MSFT.O cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working from home and online learning drove quarterly results ahead of investor targets.

FILE PHOTO: The Microsoft store is pictured in the Manhattan borough of New York City, New York, U.S., June 26, 2020. REUTERS/Carlo Allegri

COVID-19 has speeded up a move toward cloud-based computing, helping companies such as Microsoft, Inc’s AMZN.O cloud unit and Alphabet Inc’s GOOGL.O Google Cloud. For Microsoft, it has also boosted demand for its Windows operating systems for laptops and its Xbox gaming services as families work, learn and play from home, leading to profit that was about 30% above expectations.

Daily users of its Teams messaging and collaboration software have risen to 115 million from 75 million in April, the company said.


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ePost Global LLC Acquires International Mail and Parcel Business from R.R. Donnelley & Sons Company

International shipping solutions provider to continue delivering global delivery support

CHICAGO, Oct. 27, 2020 (GLOBE NEWSWIRE) — ePost Global LLC, a tech-enabled global shipping solutions provider, today announced it entered into a definitive agreement to acquire the International Mail and Parcel Logistics Business (“International Logistics”) from R.R. Donnelley & Sons Company (RRD) (NYSE: RRD). ePost Global will continue to provide cost-effective, global delivery solutions to its clients.

As a postal-qualified wholesaler, ePost Global will continue to maintain its long-standing partnerships with international logistics customers and vendors, unlocking deep discounts and solidifying relationships with global industry contacts. ePost Global anticipates no disruption to ongoing operations as it utilizes emerging technology to compete in the logistics industry.

“We are excited to grow our global footprint,” said Kapil Kalokhe, Vice President of Corporate Development & Strategy at ePost Global. “This acquisition will allow us to utilize our technology expertise to bring unique innovation

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Skan raises $14 million to automate repetitive business processes with computer vision, an AI-enabled process discovery and operational intelligence platform, today closed $14 million in funding. The company says the proceeds will be put toward accelerating Skan’s go-to-market and product R&D efforts.

Process discovery and automation is understandably big business in the enterprise. Forrester estimates that robotic process automation (RPA) and related subfields created jobs for 40% of companies in 2019. According to a McKinsey survey, at least a third of activities could be automated in about 60% of occupations, which might be why Market and Markets anticipates the RPA market alone will be worth $493 billion by 2022.

Skan, the brainchild of entrepreneurs Avinash Misra and Manish Garg, combines data engineering with computer vision to synthesize traces of human and screen interactions, uncovering how workloads (e.g., underwriting, sales, customer onboarding, servicing, claims, invoicing, and fulfillment) are performed in an organization. The platform maps processes by observation on digital systems and

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Business Rules Management Market Research Report by Component, by Industry, by Deployment – Global Forecast to 2025

Business Rules Management Market Research Report by Component (Service and Software), by Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, and Consumer Goods & Retail), by Deployment – Global Forecast to 2025 – Cumulative Impact of COVID-19

New York, Oct. 27, 2020 (GLOBE NEWSWIRE) — announces the release of the report “Business Rules Management Market Research Report by Component, by Industry, by Deployment – Global Forecast to 2025 – Cumulative Impact of COVID-19” –

The Global Business Rules Management Market is expected to grow from USD 951.41 Million in 2019 to USD 1,782.10 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 11.02%.

Market Segmentation & Coverage:
This research report categorizes the Business Rules Management to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Component, the Business

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Former Facebook and Pinterest exec Tim Kendall traces “extractive business models” to VCs

Last month, former Facebook and Pinterest executive Tim Kendall told Congress during a House hearing on the dangers of social media that Facebook made its products so addictive because its ad-driven business model relies on people paying attention to its product longer every day. He said much the same in the Netflix documentary “The Social Dilemma,” in which Kendall — along with numerous other prominent early employees of big tech companies — warns of the threat that Facebook and others pose to modern society.

Kendall — who today runs Moment, an app that helps users monitor device habits and reinforces positive screen-time behavior — isn’t done campaigning against his former employer yet. On Friday morning, we talked with him about the FTC inching closer to filing an antitrust lawsuit against Facebook for its market power in social networking; what he thinks of the DOJ’s separate antitrust lawsuit against Google, filed

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