Revitalization of Economies: Government Supporting Start-ups

Mrunmayee Honrao | July 14, 2022 | 2880 views | Read Time : 01:37 min

Revitalization of article
The pandemic has blown up entrepreneurs and start-up ecosystems, so government support for start-ups has become critical.

The majority of them faced cash shortages and a lack of venture capital. For start-ups, cash is the most pressing issue. Furthermore, start-ups experienced a slow fundraising process accompanied by investor indifference.

Furthermore, the global workforce was not left untouched by the spillover. Start-ups began to lay off employees and reduce pay. According to StartupGenome research, three out of every four employees were letting their employer down.

While 39% of them laid off 20% or more of their workforce, two-thirds admitted to laying off 60% or more of their full-time employees. In the United States, the economy experienced the sharpest decline in employment, with 20.5 million people losing their jobs.

Following that, in order to address this and reduce the pandemic's impact on start-ups, the governments of many countries have stepped in to save their country's start-up ecosystem.

We've listed a few of the government's initiatives to help start-ups during the current cash crunch.


Direct grants and zero-interest loans:

Right now, cash is the most important concern for new businesses. Grants are regarded as the most beneficial policy instrument (29%), followed by loans (12%).


Access to venture capital investment:

If history is any guide, venture capital activity will likely decline in 2020 as well. This creates a quandary for the 18% of start-ups that require access to financing tools to increase investment.


Employment support schemes:

COVID-19 has had an impact on workforces all over the world. The US lost a record 20.5 million jobs in April, the fastest and sharpest drop since the government began tracking the data. Given these circumstances, it's no surprise that 17 percent of start-ups rank immediate employee protection as one of their top priorities.

Spotlight

City of Newport Beach

The City of Newport Beach operates under a Council-Manager form of government. Its seven City Council Members are elected by district, but are voted on by the population as a whole and are responsible for policy-making, passing local ordinances, adopting the budget, appointing committees and hiring the City Manager, City Attorney, and City Clerk. The City has approximately 725 full-time employees and hundreds of part-time and seasonal employees.

OTHER ARTICLES
GOVERNMENT BUSINESS

How Can State and Local Agencies Better Collaborate on Cybersecurity?

Article | March 11, 2022

Some state governments, such as Massachusetts, have established formal plans to work with localities within their states on cybersecurity. However, as ransomware attacks proliferate across the country and strike big cities and small towns alike, state-level organizations say there needs to be greater IT security coordination between states and municipalities. Last month, the National Governors Association and the National Association of State Chief Information Officers released a report, “Stronger Together: State and Local Cybersecurity Collaboration,” designed to showcase best practices for such collaboration.

Read More
EMERGING TECHNOLOGY, GOVERNMENT BUSINESS

Bill Offers $400M for State, Local Government Cybersecurity

Article | October 7, 2022

With state and local governments beset by a precipitous rise in cyberattacks, new federal legislation might provide some necessary cover where needed. The State and Local Cybersecurity Improvement Act would create a grant program worth $400 million to finance cybersecurity efforts in communities across the country, according to a release. Eligible communities would be able to apply for funds, provided through the Department of Homeland Security, which would be allocated to assist in areas like vulnerability scanning and testing, cyberworkforce development and intelligence sharing, according to the bill text.

Read More
GOVERNMENT BUSINESS

U.S. Air Force and Microsoft partner to empower airmen with modern IT

Article | July 11, 2022

The U.S. Air Force is breaking the glass as a leader in harnessing the power of cloud, rapidly rolling out modern services to enable airmen to advance the mission through more effective collaboration. As part of their digital transformation journey to achieve global access, persistence, and awareness for the 21st century, the U.S. Air Force is deploying targeted workloads that allow airmen to focus on their missions rather than spending time managing IT infrastructure.

Read More

How 3 U.S. government agencies use Smartsheet to achieve their missions

Article | February 10, 2020

Federal government agencies use Smartsheet Gov, a work execution platform designed especially for government agencies, to make work processes more speedy and effective, empower their workers to have higher visibility into information and metrics, and ultimately achieve more. Federal agencies are looking for ways to drive efficiencies, break down silos, reduce costs, and ultimately to achieve their missions. Read on to learn from three organizations about how the Smartsheet Gov platform helps them manage information, projects, programs, and processes.

Read More

Spotlight

City of Newport Beach

The City of Newport Beach operates under a Council-Manager form of government. Its seven City Council Members are elected by district, but are voted on by the population as a whole and are responsible for policy-making, passing local ordinances, adopting the budget, appointing committees and hiring the City Manager, City Attorney, and City Clerk. The City has approximately 725 full-time employees and hundreds of part-time and seasonal employees.

Related News

EMERGING TECHNOLOGY, CYBERSECURITY

ConnectWise Partners with CISA JCDC to Enhance Cybersecurity for MSPs

Globenewswire | March 30, 2023

ConnectWise, the world’s leading software company dedicated to the success of IT solution providers (TSPs), is pleased to announce a new partnership with the Cybersecurity and Infrastructure Security Agency (CISA) Joint Cyber Defense Collaborative (JCDC) to enhance cybersecurity for MSPs. The partnership aims to provide MSPs with the resources and tools necessary to strengthen their cybersecurity posture and protect their clients from cyber threats. As part of the collaboration, ConnectWise will work closely with CISA JCDC to develop new solutions and services that address the latest cybersecurity challenges faced by MSPs. "We are thrilled to partner with CISA JCDC to help MSPs improve their cybersecurity practices," said Patrick Beggs, CISO of ConnectWise. "MSPs are on the frontlines of protecting businesses from cyber threats, and it's our responsibility to provide them with the best tools and resources to keep their clients safe." CISA JCDC brings together experts from government, industry, and academia to collaborate on cybersecurity defense. Through this partnership, ConnectWise will have access to the latest threat intelligence, best practices, and training materials from CISA JCDC. In turn, ConnectWise will be well-positioned to share this information with MSPs to support ongoing efforts to defend against evolving cyber attacks. ConnectWise and CISA JCDC share a commitment to improving cybersecurity for businesses of all sizes, and this partnership is a significant step in achieving this goal. The strength of ConnectWise’s leading Information Security (InfoSec) program is applied across its cyber defense practices and procedures. Ensuring a collaborative effort is in place across the digital landscape is a priority for the company; this partnership demonstrates their commitment to InfoSec principles and how it allows MSPs to connect with confidence. About ConnectWise ConnectWise is the world's leading software company dedicated to the success of IT solution providers (TSPs) through unmatched software, services, community, and marketplace of integrations. ConnectWise offers an innovative, integrated, and security-centric platform—Asio™—which provides unmatched flexibility that fuels profitable, long-term growth for partners. ConnectWise enables TSPs to drive business efficiency with automation, IT documentation, and data management capabilities and increase revenue with remote monitoring, cybersecurity, and backup and disaster recovery technologies. About the Joint Cyber Defense Collaborative (JCDC) Pursuant to new authority from Congress, the Cybersecurity and Infrastructure Security Agency (CISA) established JCDC in August 2021 to transform traditional public-private partnerships into real-time private-public operational collaboration and shift the paradigm from reacting to threats and vulnerabilities to proactively planning and taking steps to mitigate them. JCDC combines the visibility, insight, and innovation of the private sector with the capabilities and authorities of the federal cyber ecosystem to collectively drive down cyber risk to the nation at scale.

Read More

EMERGING TECHNOLOGY, CYBERSECURITY

Four Inc. Announces Partnership with MixMode to Offer Advanced AI Cybersecurity Solutions to Government Agencies

MixMode | March 31, 2023

Four Inc., a federal aggregator, has partnered with MixMode, a leading provider of next-generation Cybersecurity solutions, to provide MixMode's Advanced Threat Detection Platform to government agencies through Four Inc.'s boutique aggregation program. Under the agreement, Four Inc. will offer MixMode's Third Wave AI solution to the public sector through Four Inc.'s NASA Solutions for Enterprise-Wide Procurement (SEWPV) contract and its network of channel partners. "Unfortunately, the overwhelming majority of legacy Cybersecurity solutions are not well-suited for real-time risk detection at massive scale," said John Keister, MixMode CEO. "MixMode's platform is able to detect risks from both known and novel attacks in large data environments, making Cybersecurity programs 20x more efficient and effective. We are pleased to partner with Four Inc. to deliver our platform to government agencies to defend against sophisticated attacks." The MixMode platform utilizes self-supervised and generative AI-driven analysis and predictive threat detection to identify and respond to threats in real-time, making it an ideal solution for organizations looking to enhance their Cybersecurity posture. With MixMode's precise, efficient alerting, government agencies can analyze vast amounts of data from various sources, such as network traffic, logs, and cloud environments. The MixMode solution is a lightweight, efficient AI that requires no rules, historical training data or ongoing tuning, and can be integrated into existing security systems, making it easy for government agencies to enhance their Cybersecurity capabilities without disrupting their operations. Since MixMode does not require historical training data, it is up and running very quickly and is not susceptible to biases and blind spots that plague most AI systems. "We are excited to partner with MixMode to provide our customers access to a Third Wave AI and Negative-Time-to-Detection℠ cybersecurity solution," said Chris Wilkinson, EVP of Sales of Four Inc. "MixMode's self-learning platform enables our partners and government customers to protect their assets, detecting both known and unknown attacks designed to bypass legacy defenses." Four Inc. and MixMode will work together to integrate MixMode's AI technology into existing security systems and provide ongoing support to ensure the success of the partnership. MixMode's Cybersecurity platform is available immediately via Four Inc.'s SEWPV Contract Vehicle. About MixMode MixMode is a no-rules-required Cybersecurity platform, serving both the US government and large enterprises with big data environments across a variety of industries. MixMode delivers a patented, self-learning platform that acts as the Cybersecurity Intelligence Layer℠ to detect both known and unknown attacks, including novel attacks designed to bypass legacy cyber defenses. This is accomplished in real-time, across any cloud or on-premise data stream. Trusted by global entities in banking, public utilities and government sectors, industry cyber leaders rely on MixMode to protect their most critical assets. The platform dramatically improves the efficiency of SOC teams previously burdened with writing and tuning rules and manually searching for attacks. The MixMode platform can be deployed remotely, with no appliances, in under an hour with business outcomes evident within days. Backed by PSG and Entrada Ventures, the company is headquartered in Santa Barbara, CA. About Four Inc. Four Inc. is a Small Business boutique aggregator and has been recognized as a Top 100 government contractor on Washington Technology's Top 100 Report consecutively for the last seven years. Four Inc.'s expertise of the federal IT contracting process and their carefully crafted ecosystem of manufacturers and partners has enabled them to expertly deliver the right technology solutions and services to their customers. Through their proven experience and dedication to their core values, they have earned the IT community's respect and trust.

Read More

EMERGING TECHNOLOGY, GOVERNMENT BUSINESS

Carahsoft Offers Support for Red Hat Solutions in AWS Marketplace

Carahsoft | February 24, 2023

On February 23, 2023, Carahsoft Technology Corp. (Carahsoft), a government-related IT solutions provider, announced its support for Red Hat company in AWS Marketplace, providing easier access to enterprise open-source software in the public sector. It would support Red Hat’s open hybrid cloud solution in AWS Marketplace, a digital catalog of software listings from independent software vendors who interact with the software running on AWS for the public sector. Its solutions designed for public sector customers would support application development, cloud computing, automation management technologies, professional services, certification, and training solutions of Red Hat. In addition, the listings would help AWS Marketplace customers with simplified software licensing, multiple procurement pricing options, and different deployment methods. It would be an essential Government General Service Administration (GSA) Dealer and Distributor partner for Red Hat. It extends assistance for Red Hat’s AWS Marketplace distribution, opening the platform for United States government deployments. This collaboration on AWS Marketplace enables both to reach and fulfill customers’ needs for continuous growth quickly. Its customers, especially those from the Federal, State, Local and Education sector, would be benefited from supported public sector purchases through AWS Marketplace. It is also an AWS Public Sector Partner, working with AWS-certifies resellers and managed service providers to offer a complete cloud-driven solution for migration, professional, and infrastructure services on AWS. In addition, its customers, who are working with AWS, can utilize existing AWS Enterprise Discount Program (EDP) funds for Red Hut’s products across any device. “Carahsoft and our resellers continue to enable modernization in Government through the adoption of innovative enterprise open-source solutions,” said Natalie Gregory, Vice President of Red Hat Sales at Carahsoft. “We are proud to further support Red Hat in making its open-source IT capabilities more readily available to the Public Sector.” (Source – Globe Newswire) About Carahsoft Headquartered in Reston, Virginia, Carahsoft, an IT consulting and services company, has been providing services for the public sector since 2004. It combines technology with the government procurement process, assisting organizations from the public sector. As a GSA Schedule Contract holder, it acts a government partner for vendors, networking with consulting partners, system integrators, resellers, and IT manufacturers. It supports marketing, strategic solutions delivery and proactive sales of government IT. In addition, it provides various cloud-based services for secured modernization, cybersecurity, MultiCloud, DevSecOps, Big Data, artificial intelligence, and customer experience.

Read More

EMERGING TECHNOLOGY, CYBERSECURITY

ConnectWise Partners with CISA JCDC to Enhance Cybersecurity for MSPs

Globenewswire | March 30, 2023

ConnectWise, the world’s leading software company dedicated to the success of IT solution providers (TSPs), is pleased to announce a new partnership with the Cybersecurity and Infrastructure Security Agency (CISA) Joint Cyber Defense Collaborative (JCDC) to enhance cybersecurity for MSPs. The partnership aims to provide MSPs with the resources and tools necessary to strengthen their cybersecurity posture and protect their clients from cyber threats. As part of the collaboration, ConnectWise will work closely with CISA JCDC to develop new solutions and services that address the latest cybersecurity challenges faced by MSPs. "We are thrilled to partner with CISA JCDC to help MSPs improve their cybersecurity practices," said Patrick Beggs, CISO of ConnectWise. "MSPs are on the frontlines of protecting businesses from cyber threats, and it's our responsibility to provide them with the best tools and resources to keep their clients safe." CISA JCDC brings together experts from government, industry, and academia to collaborate on cybersecurity defense. Through this partnership, ConnectWise will have access to the latest threat intelligence, best practices, and training materials from CISA JCDC. In turn, ConnectWise will be well-positioned to share this information with MSPs to support ongoing efforts to defend against evolving cyber attacks. ConnectWise and CISA JCDC share a commitment to improving cybersecurity for businesses of all sizes, and this partnership is a significant step in achieving this goal. The strength of ConnectWise’s leading Information Security (InfoSec) program is applied across its cyber defense practices and procedures. Ensuring a collaborative effort is in place across the digital landscape is a priority for the company; this partnership demonstrates their commitment to InfoSec principles and how it allows MSPs to connect with confidence. About ConnectWise ConnectWise is the world's leading software company dedicated to the success of IT solution providers (TSPs) through unmatched software, services, community, and marketplace of integrations. ConnectWise offers an innovative, integrated, and security-centric platform—Asio™—which provides unmatched flexibility that fuels profitable, long-term growth for partners. ConnectWise enables TSPs to drive business efficiency with automation, IT documentation, and data management capabilities and increase revenue with remote monitoring, cybersecurity, and backup and disaster recovery technologies. About the Joint Cyber Defense Collaborative (JCDC) Pursuant to new authority from Congress, the Cybersecurity and Infrastructure Security Agency (CISA) established JCDC in August 2021 to transform traditional public-private partnerships into real-time private-public operational collaboration and shift the paradigm from reacting to threats and vulnerabilities to proactively planning and taking steps to mitigate them. JCDC combines the visibility, insight, and innovation of the private sector with the capabilities and authorities of the federal cyber ecosystem to collectively drive down cyber risk to the nation at scale.

Read More

EMERGING TECHNOLOGY, CYBERSECURITY

Four Inc. Announces Partnership with MixMode to Offer Advanced AI Cybersecurity Solutions to Government Agencies

MixMode | March 31, 2023

Four Inc., a federal aggregator, has partnered with MixMode, a leading provider of next-generation Cybersecurity solutions, to provide MixMode's Advanced Threat Detection Platform to government agencies through Four Inc.'s boutique aggregation program. Under the agreement, Four Inc. will offer MixMode's Third Wave AI solution to the public sector through Four Inc.'s NASA Solutions for Enterprise-Wide Procurement (SEWPV) contract and its network of channel partners. "Unfortunately, the overwhelming majority of legacy Cybersecurity solutions are not well-suited for real-time risk detection at massive scale," said John Keister, MixMode CEO. "MixMode's platform is able to detect risks from both known and novel attacks in large data environments, making Cybersecurity programs 20x more efficient and effective. We are pleased to partner with Four Inc. to deliver our platform to government agencies to defend against sophisticated attacks." The MixMode platform utilizes self-supervised and generative AI-driven analysis and predictive threat detection to identify and respond to threats in real-time, making it an ideal solution for organizations looking to enhance their Cybersecurity posture. With MixMode's precise, efficient alerting, government agencies can analyze vast amounts of data from various sources, such as network traffic, logs, and cloud environments. The MixMode solution is a lightweight, efficient AI that requires no rules, historical training data or ongoing tuning, and can be integrated into existing security systems, making it easy for government agencies to enhance their Cybersecurity capabilities without disrupting their operations. Since MixMode does not require historical training data, it is up and running very quickly and is not susceptible to biases and blind spots that plague most AI systems. "We are excited to partner with MixMode to provide our customers access to a Third Wave AI and Negative-Time-to-Detection℠ cybersecurity solution," said Chris Wilkinson, EVP of Sales of Four Inc. "MixMode's self-learning platform enables our partners and government customers to protect their assets, detecting both known and unknown attacks designed to bypass legacy defenses." Four Inc. and MixMode will work together to integrate MixMode's AI technology into existing security systems and provide ongoing support to ensure the success of the partnership. MixMode's Cybersecurity platform is available immediately via Four Inc.'s SEWPV Contract Vehicle. About MixMode MixMode is a no-rules-required Cybersecurity platform, serving both the US government and large enterprises with big data environments across a variety of industries. MixMode delivers a patented, self-learning platform that acts as the Cybersecurity Intelligence Layer℠ to detect both known and unknown attacks, including novel attacks designed to bypass legacy cyber defenses. This is accomplished in real-time, across any cloud or on-premise data stream. Trusted by global entities in banking, public utilities and government sectors, industry cyber leaders rely on MixMode to protect their most critical assets. The platform dramatically improves the efficiency of SOC teams previously burdened with writing and tuning rules and manually searching for attacks. The MixMode platform can be deployed remotely, with no appliances, in under an hour with business outcomes evident within days. Backed by PSG and Entrada Ventures, the company is headquartered in Santa Barbara, CA. About Four Inc. Four Inc. is a Small Business boutique aggregator and has been recognized as a Top 100 government contractor on Washington Technology's Top 100 Report consecutively for the last seven years. Four Inc.'s expertise of the federal IT contracting process and their carefully crafted ecosystem of manufacturers and partners has enabled them to expertly deliver the right technology solutions and services to their customers. Through their proven experience and dedication to their core values, they have earned the IT community's respect and trust.

Read More

EMERGING TECHNOLOGY, GOVERNMENT BUSINESS

Carahsoft Offers Support for Red Hat Solutions in AWS Marketplace

Carahsoft | February 24, 2023

On February 23, 2023, Carahsoft Technology Corp. (Carahsoft), a government-related IT solutions provider, announced its support for Red Hat company in AWS Marketplace, providing easier access to enterprise open-source software in the public sector. It would support Red Hat’s open hybrid cloud solution in AWS Marketplace, a digital catalog of software listings from independent software vendors who interact with the software running on AWS for the public sector. Its solutions designed for public sector customers would support application development, cloud computing, automation management technologies, professional services, certification, and training solutions of Red Hat. In addition, the listings would help AWS Marketplace customers with simplified software licensing, multiple procurement pricing options, and different deployment methods. It would be an essential Government General Service Administration (GSA) Dealer and Distributor partner for Red Hat. It extends assistance for Red Hat’s AWS Marketplace distribution, opening the platform for United States government deployments. This collaboration on AWS Marketplace enables both to reach and fulfill customers’ needs for continuous growth quickly. Its customers, especially those from the Federal, State, Local and Education sector, would be benefited from supported public sector purchases through AWS Marketplace. It is also an AWS Public Sector Partner, working with AWS-certifies resellers and managed service providers to offer a complete cloud-driven solution for migration, professional, and infrastructure services on AWS. In addition, its customers, who are working with AWS, can utilize existing AWS Enterprise Discount Program (EDP) funds for Red Hut’s products across any device. “Carahsoft and our resellers continue to enable modernization in Government through the adoption of innovative enterprise open-source solutions,” said Natalie Gregory, Vice President of Red Hat Sales at Carahsoft. “We are proud to further support Red Hat in making its open-source IT capabilities more readily available to the Public Sector.” (Source – Globe Newswire) About Carahsoft Headquartered in Reston, Virginia, Carahsoft, an IT consulting and services company, has been providing services for the public sector since 2004. It combines technology with the government procurement process, assisting organizations from the public sector. As a GSA Schedule Contract holder, it acts a government partner for vendors, networking with consulting partners, system integrators, resellers, and IT manufacturers. It supports marketing, strategic solutions delivery and proactive sales of government IT. In addition, it provides various cloud-based services for secured modernization, cybersecurity, MultiCloud, DevSecOps, Big Data, artificial intelligence, and customer experience.

Read More

Events