Fintech PR
Paddle launches expanded AI Launchpad to help ambitious AI founders accelerate growth
- Following the success of the inaugural 2023 program, Paddle’s 2024 AI Launchpad will help 50 promising AI founders accelerate the growth of their businesses.
- Successful applicants will gain access to an exclusive community of AI founders and experts, the chance to win $20k, and a host of other benefits from Paddle partners.
- Founderpath has allocated $10 million in funding for selected AI Launchpad participants.
- Applications open today, 12th March, and will close on Sunday 14th April.
LONDON, March 12, 2024 /PRNewswire/ — Paddle, the payments infrastructure provider, today opens applications for its second AI Launchpad, a 6-week program aimed at empowering ambitious software founders to build, launch and scale their AI-powered business ideas. Participants in the expanded 2024 program will gain access to tailored guidance and practical insights from industry experts and will have the chance to win a $20k cash prize from Paddle for the best offering, as judged by a panel of experts.
Ever more businesses are turning to AI to boost revenues, with Paddle’s latest SaaS Benchmarks Report finding that 46% of software companies added AI to their product in the last year. However, building an AI-powered tool is not the same as building a successful, sustainable AI business. Through its AI Launchpad program, Paddle is offering 50 innovative, ready-to-scale, AI-focused companies the support they need to accelerate their growth and effectively monetize their AI products.
AI Launchpad 2023: Helping founders unlock growth
Paddle AI Launchpad was founded in 2023, with a panel of judges selecting Virtual Staging AI, a platform that allows real estate professionals to sell properties faster by using AI to digitally furnish images of empty rooms, as the winner of the inaugural program.
After participating in the Launchpad and receiving tailored advice and mentorship from Paddle and a range of industry experts, Virtual Staging AI decided to switch its payment strategies, with remarkable results. The company has since seen revenue increase 10x, from a monthly revenue of $20,000 to $200,000. Other members of the 2023 cohort also saw a significant positive impact on the revenue and scalability of their businesses thanks to the expert insights and go-to-market strategies provided on the program.
Other Launchpaddler growth stats:
- In February 2024, Launchpad finalist SiteGPT hit its first $100k revenue month
- Aibo experienced 60% day-over-day growth in active users during the 6-week program
- Riju launched on Product Hunt, with 100+ upvotes in its first 24 hours
- Bulby and Jotverse converted their first ever paying customers during the 6-week program
Michael Bonacina, Founder and CEO of 2023 AI Launchpad winner Virtual Staging AI, said: “What really stood out to us about Paddle’s AI Launchpad program was the access to a dedicated community of generative AI founders. This is because you’re all grappling with the same challenges – how to build a model, how to compete with the likes of OpenAI, how to acquire customers for a new solution – and so it was interesting to hear how others were thinking about those problems.
“We launched back in March 2023, and when we applied to Paddle AI Launchpad in August we had $20k in monthly revenue. By the end of the program, in November, we had $200k in monthly revenue, because we implemented a lot of the things we’d worked on, such as implementing annual plans, we got a lot more customers, improved the product, enhanced the checkout experience, and now we have a product that really speaks to our customers.”
AI Launchpad 2024: Bigger and better
Following the success of the 2023 program, Paddle has doubled the number of places on the program from 25 to 50. Participants will also now have exclusive access to the “Launchpaddlers” community – a hub for Launchpad alumni to network and share resources. Through this community, AI founders will be supported with data, advice, and tailored content, and will also have access to experts in their sector.
This will be spearheaded by Karthik Puvvada, Paddle’s new Founder Relations Manager, who has built founder-facing education and community programs for dozens of startups, who said: “I’m thrilled to be joining Paddle to work directly with founders and build leadership communities. I can’t wait to work with the team on taking Paddle’s AI Launchpad to the next level and help SaaS founders remove the invisible barriers that get in the way of growing.”
Founderpath, a $150m fund for SaaS founders, will again allocate $10 million in funding for selected participants who successfully complete Paddle’s programs, providing additional opportunities and resources to further fuel their growth and success. Other partners and contributors for AI Launchpad will include SaaStock, AWS Activate, Google Cloud, PartnerStack, GoodFit, saaslaunch.io, Gilion (formerly ArK Kapital), Enablix, saas.group, SquareOne, and Element Communications.
Additional key elements and benefits of the AI Launchpad program will include:
- Expert mentorship: Participants will receive personalised, technical guidance from industry experts at Paddle, based on its decade-plus of experience scaling software and AI businesses through effective pricing and payment strategies.
- Cash Prize: The program will culminate with a cash prize of $20,000 for one founder. This substantial financial boost will catapult the development and market reach of the winning startup.
- Additional benefits from partners: Participants will receive new perks from Paddle’s partners, including $350k in credit from Google Cloud, $20k in credit from AWS Activate, and free tickets to Founder community events by Code.talks and SaaStock. Fast-tracked entries into SaaStock’s startup competition will also be reserved for select Launchpad finalists.
Christian Owens, Founder and Executive Chairman of Paddle, said: “At Paddle, our goal has always been to help software sellers grow their businesses as quickly and efficiently as possible. We started the AI Launchpad to help a new generation of software founders that are building in one of the world’s fastest-moving categories. We were blown away by the ambition and innovation shown by our first cohort of AI founders so we’re thrilled to be expanding the program for a second year. After seeing the impact the Launchpad had on participants in 2023, we’re excited to grow this community and help more AI founders achieve faster growth and build healthy and sustainable businesses for the long-term.”
Applications for the AI Launchpad will be open from 12th March to 14th April 2024, with the program beginning in May. For more information on how to apply for AI Launchpad, including terms and conditions, please visit www.paddle.com/ai-launchpad.
About Paddle
Paddle, the payments infrastructure provider for software companies, powers hyper-scale growth across acquisition, renewals and expansion. With Paddle, companies are finally able to transform their payments infrastructure into a strategic growth lever to respond faster and more precisely to every growth opportunity. Paddle has 300 employees serving over 3500 software sellers in 245 countries and territories globally. Backed by investors including KKR, FTV Capital, Kindred, Notion, and 83North, Paddle aims to define the next wave of B2B SaaS leaders. Visit www.paddle.com or www.twitter.com/PaddleHQ for more information
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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