The pandemic is changing the role of innovation hubs
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A YEAR ago, we were celebrating the global startup economy and its US$3 trillion contribution in economic value.
Today, with many of us in isolation and offices shuttered, Covid-19 has created a great amount of uncertainty for businesses, but these measures are especially distressing for startups.
A global study conducted by Startup Genome found 41 per cent of startups have three months or less of cash runway left - and of the businesses that have raised Series A, B or later rounds, 34 per cent have less than six months' worth of cash.
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