Tag: funding
Populus to combat curbside parking chaos with millions in new funding
West Cork seaweed biotech start-up nets €1.5m seed funding
Pure Ocean Algae has received backing from The Yield Lab, Carbery Group and Enterprise Ireland.
Read more: West Cork seaweed biotech start-up nets €1.5m seed funding
Singapore-based career development platform Glints recruits $50M in new funding
53 early-career researchers across Ireland get €28.5m funding boost
Of the 36 STEM-related projects funded by the SFI-IRC Pathway programme, 21 are led by women researchers.
Read more: 53 early-career researchers across Ireland get €28.5m funding boost
Skype founder backs collaboration platform Wire in €24m funding round
The funding round co-led by Skype’s Janus Friis brings the total amount raised by collaboration tech start-up Wire to €53m.
Read more: Skype founder backs collaboration platform Wire in €24m funding round
Mycel’s mushroom-based biomaterials sprout $10M in funding
The Margin: WeWork’s Adam Neumann secures $350 million in funding for his new real estate company Flow
Inaccurate maps are delaying the Bipartisan Infrastructure Law’s broadband funding
Nearly nine months after Congress passed President Biden’s $1 trillion infrastructure bill, the federal government has yet to allocate any of the $42.5 billion in funding the legislation set aside for expanding broadband service in underserved communities, according to The Wall Street Journal. Under the law, the Commerce Department can’t release that money until the Federal Communications Commission (FCC) publishes new coverage maps that more accurately show homes and businesses that don’t have access to high-speed internet.
Inaccurate coverage data has long derailed efforts by the federal government to address the rural broadband divide. The previous system the FCC used to map internet availability relied on Form 477 filings from service providers. Those documents have been known for their errors and exaggerations. In 2020, Congress began requiring the FCC to collect more robust coverage data as part of the Broadband DATA Act. However, it wasn’t until early 2021 that lawmakers funded the mandate and in August of that same year that the Commission published its first updated map.
Following a contractor dispute, the FCC will publish its latest maps sometime in mid-November. Once they’re available, both consumers and companies will a chance to challenge the agency’s data. As a result of that extra step, funding from the broadband plan likely won’t begin making its way to ISPs until the end of 2023, according to one analyst The Journal interviewed.
“We understand the urgency of getting broadband out there to everyone quickly,” Alan Davidson, the head of the Commerce Department unit responsible for allocating the funding, told the Journal. “We also know that we get one shot at this and we want to make sure we do it right.”