London has been hailed as the best European city for developing technology to help good businesses to thrive and make social impact.
According to Nesta, the British-based innovation charity that conducted the research, London had a "significant lead" over other cities for nurturing "tech for good" ventures, with Amsterdam ranked second, followed by Copenhagen, Stockholm and Paris.
Matt Stokes, senior researcher, Nesta, told the Thomson Reuters Foundation that London is the tech capital of Europe from a commercial technology standpoint.
As stated by Nesta, meet ups, accelerators, hackathons and competitions, such as the Mayor of London's Civic Innovation Challenge, have helped many businesses and startups to advance and succeed in their organizational mission and goals.
Nesta's research ranked 60 European cities on their ability to foster digital social innovation and tech for social ventures, including for-profit tech companies, social enterprises, charities and individual projects. Read the Entire Article
A customized collection of grant news from foundations and the federal government from around the Web.
John Brothers, Principal of Quidoo Consulting, writes about the Montreal-based company Bixi who are mostly known for its Bixi Bikes. Just recently, Bixi filed for bankruptcy protection. The reason? Bixi is in major financial distress and its bikes have proven to be too “expensive to build, operate and maintain”.