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Kenya’s Lami raises $1.8M to scale API insurance platform across Africa Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded, this number drops to a measly 1.12%. Unlike other parts of the world, most African insurance providers neglect the importance of tailored and affordable insurance products to the average African consumer. Lami Technologies, a startup out of Kenya armed with $1.8 million in seed money, is looking to change that. The round was led by Accion Ven...

Creating Equity in COVID-19 Testing: 3Cor Bio Wins $30,000 Perlman Grand Prize in Virtual Startup Challenge Share Article Ranjan Pati (C'21, W'21), founder and CEO of 3Cor Bio PHILADELPHIA (PRWEB) May 03, 2021 Venture Lab is pleased to announce the winner of the fifth annual Startup Challenge, sponsored by Eric Aroesty, C’92: 3Cor Bio, founded by Ranjan Pati (C’21, W’21). 3Cor Bio produces low cost, accessible diagnostics for infectious diseases, including a COVID-19 diagnostics device. Due to the COVID-19 pandemic, Ventur...

Venture Out expands to help more people validate their startup ideas while still working at a day job April 22, 2021 at 2:48 pm Venture Out leaders Sean Sternbach (left) and Ken Horenstein. (Venture Out Photo) Venture Out expands: The Seattle-based organization that aims to help tech workers leave companies and create their own startups has added a new program called Moonlighter Lab. What it does: The lab charges $1,499 for an 8-week program designed to validate startup ideas from people who are still working at full-time day jobs. Venture Out originally launched by offering its 12-week Ventu...

New campus buildings to house centers for innovation and collaboration Several new facilities, including Tangen Hall and the Academic Research Building, have finished construction and the University is eyeing opening dates. Penn Today provides an overview. The glass exterior of Tangen Hall, which crews began construction on in summer 2018 and completed in December 2020. It was designed as a space for innovation and collaboration in entrepreneurship. In its 281-year history, Penn has seen several campus evolutions. From the openin...

John Legend receives Penn Wharton Entrepreneurship 2021 Alumni Achievement Award Legend, an undergraduate alumnus, was recently honored by Venture Lab, the University’s entrepreneurship center, during a virtual livestream event. Penn Wharton Entrepreneurship 2021 Alumni Achievement Award livestream (Clockwise from top left) Wharton Vice Dean of Entrepreneurship and Innovation Karl Ulrich; John Legend; Wharton alumni, Ravi Viswanathan; President Amy Gutmann; Wharton Dean Erika James   The Penn Wharton Entrepreneurship 2021 Alum...