{"id":85,"date":"2021-03-29T00:00:00","date_gmt":"2021-03-29T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-221-ics-offers-financing-with-us40-million-fund-amalans-promise-to-develop\/"},"modified":"2021-08-03T08:56:40","modified_gmt":"2021-08-03T08:56:40","slug":"durians-daily-221-ics-offers-financing-with-us40-million-fund-amalans-promise-to-develop","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=85","title":{"rendered":"Daily Markup #221: ICS offers financing with US$40 million fund; amalan\u2019s promise to develop Indonesia\u2019s youth; Gnowbe hosts free Intel course on AI"},"content":{"rendered":"<p><strong>Help for healthcare<\/strong><\/p>\n<ul>\n<li>500-backed fintech startup <a href=\"https:\/\/impactcredit.solutions\/\" target=\"_blank\" rel=\"noopener\">Impact Credit Solutions (ICS)<\/a> launched the <a href=\"https:\/\/www.marketwatch.com\/press-release\/ics-launches-the-indonesian-resilience-fund-2021-03-24\" target=\"_blank\" rel=\"noopener\">Indonesian Resilience Fund (IRF)<\/a>, a US$40 million fund that will support Indonesia\u2019s healthcare sector during the COVID-19 pandemic.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"860\" data-height=\"573\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db98e61d0.jpg\"><figcaption class=\"wp-caption-text\">Credit: The Straits\u00a0Times<\/figcaption><\/figure>\n<ul>\n<li>The fund will complement existing initiatives by the Indonesian government by providing financing at affordable rates to local partners. This in turn will enable them to finance hospitals, clinics, pharmacies, and other small businesses.<\/li>\n<li>ICS CEO Reinier Musters said, \u201cWe are grateful for the opportunity to help our local partners contribute to the COVID-19 relief effort\u2026 This is a true opportunity to show the good that both finance and technology can do.\u201d<\/li>\n<li>Read the full press release <a href=\"https:\/\/www.marketwatch.com\/press-release\/ics-launches-the-indonesian-resilience-fund-2021-03-24\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Leveling up learning<\/strong><\/p>\n<ul>\n<li>500-backed <a href=\"https:\/\/amalan.com\/\" target=\"_blank\" rel=\"noopener\">amalan international<\/a> announced a partnership with an Indonesian institution of tertiary education, Universitas Gadjah Mada (UGM), <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:6781037076973543424\/\" target=\"_blank\" rel=\"noopener\">to complement classes with experiential learning opportunities<\/a> at amalan.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1128\" data-height=\"376\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db9976baf.jpg\"><figcaption class=\"wp-caption-text\">Credit: amalan international<\/figcaption><\/figure>\n<ul>\n<li>amalan provides <a href=\"https:\/\/www.crunchbase.com\/organization\/amalan-international\" target=\"_blank\" rel=\"noopener\">debt management programs<\/a> to Southeast Asian consumers and small business owners who struggle with their loans to regain control of their finances.<\/li>\n<li>Through this partnership, amalan will offer 4\u201312 months\u2019 internships and part-time employment opportunities for UGM\u2019s vocational students in diploma programs for banking, management, economics, and accounting. In addition, amalan will conduct seminars and guest lectures.<\/li>\n<li>This is a part of amalan\u2019s commitment to develop the future readiness of Indonesia\u2019s youth workforce.<\/li>\n<\/ul>\n<p><strong>AI for the layman<\/strong><\/p>\n<ul>\n<li>Singapore is the first country in the world to roll out a <a href=\"https:\/\/www.straitstimes.com\/tech\/tech-news\/singapore-first-to-roll-out-intels-free-ai-course-for-non-techies\" target=\"_blank\" rel=\"noopener\">course developed by Intel<\/a> to demystify artificial intelligence (AI) for the man in the street.<\/li>\n<li>Enabled by 500-backed edtech startup <a href=\"https:\/\/www.gnowbe.com\/\" target=\"_blank\" rel=\"noopener\">Gnowbe<\/a>, the free four-hour online microlearning course \u2018AI For Citizens\u2019 was launched in partnership with the Institute of Technical Education (ITE).<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1008\" data-height=\"435\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db99f019e.jpg\"><figcaption class=\"wp-caption-text\">Credit: The World Economic\u00a0Forum<\/figcaption><\/figure>\n<ul>\n<li>The self-paced course will give learners a basic understanding of AI, appreciate how it is used, and address misconceptions.<\/li>\n<li>Catering to people with no prior knowledge of AI, the course is suitable for anyone, from students to senior citizens.<\/li>\n<li>Get more details on <a href=\"https:\/\/www.straitstimes.com\/tech\/tech-news\/singapore-first-to-roll-out-intels-free-ai-course-for-non-techies\" target=\"_blank\" rel=\"noopener\">The Straits Times<\/a> and check out the course on Gnowbe <a href=\"https:\/\/learn.gnowbe.com\/mlc\/ite-intel-ai-for-citizens\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db9a4cc2a.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Help for healthcare 500-backed fintech startup Impact Credit Solutions (ICS) launched the Indonesian Resilience Fund (IRF), a US$40 million fund that will support Indonesia\u2019s healthcare sector during the COVID-19 pandemic. Credit: The Straits\u00a0Times The fund will complement existing initiatives by the Indonesian government by providing financing at affordable rates to local partners. This in turn [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[399,358,400],"class_list":["post-85","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-amalan","tag-gnowbe","tag-impact-credit-solutions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #221: ICS offers financing with US$40 million fund; amalan\u2019s promise to develop Indonesia\u2019s youth; Gnowbe hosts free Intel course on AI - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=85\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #221: ICS offers financing with US$40 million fund; amalan\u2019s promise to develop Indonesia\u2019s youth; Gnowbe hosts free Intel course on AI - Markup\" \/>\n<meta property=\"og:description\" content=\"Help for healthcare 500-backed fintech startup Impact Credit Solutions (ICS) launched the Indonesian Resilience Fund (IRF), a US$40 million fund that will support Indonesia\u2019s healthcare sector during the COVID-19 pandemic. 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