Business

University of Arkansas dominates Governor’s Cup business plan competition

The 2021 Arkansas Governor’s Cup Collegiate Business Plan competition winners were announced last week and the University of Arkansas dominated the 21st annual awards.

The winners of the college-level business plan competition took home a total of $100,000 in all-cash awards, contributed by Title Sponsor Dhu Thompson and Revolution Bag of Little Rock. Other major sponsors include the Walton Family Foundation, Innovate Arkansas, and Winrock Automotive.

The $100,000 cash prize pool includes $25,000 to the winner of the High-Growth/Technology Division. The second place team will win $15,000 and the third place team will win $10,000.

The first place winner of

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Biden tells business leaders infrastructure plan will boost U.S. chipmaking

President Joe Biden holds up a silicon wafer during the CEO Summit on Semiconductor and Supply Chain Resilience at the White House, Monday. (AP)

 

WASHINGTON — President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push Monday for his $2.3 trillion infrastructure plan, telling them that the U.S. should be the world’s computer chip leader.

“We need to build the infrastructure of today, not repair the one of yesterday,” he told the group of 19 executives from the technology, chip and automotive industries. “China and the rest of the world is not

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Nowlake Technology Partners with Informed.IQ on AI Originations Solution | Business

LOS ANGELES–(BUSINESS WIRE)–Apr 6, 2021–

Nowlake Technology and Informed.IQ announce the launch of an originations automation solution that fully automates the collection, analysis, and funding of auto loan applications.

Informed.IQ analyzes each auto loan application package, by first classifying all of the data and documents submitted by the consumer and identifying additional income sources for multi-income applicants. The solution will then verify the documents for accuracy, analyze the information on the documents, and match it to the inputs on the credit applications all without any human involvement. If any defects are detected in the application package, such as documents that

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Dive Technologies and Metron Announce Partnership to Commercialize Advanced Autonomy Software on DIVE-LD | Business

BOSTON–(BUSINESS WIRE)–Apr 6, 2021–

Dive Technologies, Inc., a Boston-based subsea robotics designer and manufacturer, today announced a commercial partnership with Metron, Inc. This partnership will directly support the commercialization of Metron’s Autonomy, Navigation, Command & Control (ANCC) software suite on Dive Technologies’ large displacement autonomous underwater vehicle (AUV), the DIVE-LD. Initial sea testing of the DIVE-LD with ANCC software was completed in December 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210406005280/en/

Dive Technologies Commercial Large Displacement AUV (Photo: Dive Technologies)

“The DIVE-LD is pier-launched and designed to stay at sea for up to ten days. The

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Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination

The successful completion of the business combination will allow Innoviz Technologies to meet the booming demand of the auto industry, which has been waiting for the LiDAR technology to mature. Innoviz is engaged in multiple automotive programs with multiple partners across the globe, and is growing.

Innoviz is pleased to announce today, after years of development and rigorous testing, the ramp-up towards high-volume automotive-grade fully automated production of InnovizOne, which will serve the BMW series production, among other customers, and is expected to provide meaningful future revenues. In parallel, the Company will continue the introduction of the new generation LiDAR

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Toyoda Gosei Sets Medium and Long-Term Targets for Achieving Carbon Neutrality | Business

KIYOSU, Japan–(BUSINESS WIRE)–Apr 5, 2021–

Toyoda Gosei Co., Ltd. (TOKYO: 7282) has formulated new medium and long-term CO 2 reduction targets it calls “Targets 50 & 50.” It has also set CO 2 reduction targets in its 7 th Environmental Action Plan 1 covering the five years until 2025, and is accelerating efforts for decarbonization.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210404005010/en/

Plan for achieving carbon neutrality (Graphic: Business Wire)

In moving toward carbon neutrality, Toyoda Gosei set the target of zero CO 2 emissions by 2050 in its TG 2050 Environmental Challenge. As a milestone

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