What the other papers say this morning – 18 September 2013 September 17, 2013 FINANCIAL TIMES Start-up loans unlikely to be repaid More than a third of the £150m in public funds being lent to individuals to start their own business – ranging from gluten-free pet food to a magazine about Croydon – could be lost, according to official projections. David Cameron last week increased funding for the Start-Up [...]
Disruptive technology isn’t a miracle: We can harness its future power now September 15, 2013 THE ASTONISHING rise of firms like Twitter (founded just seven years ago, yet now expected to float for $10bn), is often seen as a grand romantic narrative – an exciting story, difficult to predict. But transformation, disruption, and change should be easier to forecast. The only weapon we need is the deceptively simple power of [...]
A new breed of super-entrepreneurs could leave HS2 looking antiquated September 8, 2013 FOR A mode of transport that first arrived in the nineteenth century, railways have been remarkably resilient. All three major political parties currently support the creation of a new high speed rail network, High Speed 2 (HS2), a £43bn plan to connect London Euston, Birmingham, Leeds, Manchester, Sheffield, and the East Midlands in two phases. [...]
Elon Musk’s Hyperloopalooza runs out of steam before reaching the UK August 14, 2013 Hopes that the Hyperloop travel concept could work for Britain are vanishing faster than you can say “Concorde crossed with a rail gun crossed with an air hockey table”. Transport-watchers were quick to point out the practical flaws in the ambitious pod-cum-monorail idea set out by billionaire entrepreneur Elon Musk to much hullabaloo on Monday [...]
Musk unveils Hyperloop concept August 12, 2013 AMERICAN entrepreneur Elon Musk last night set out details of what he believes will be the future of transport – an air-propelled pod sent through a low-friction tube suspended on pylons over California, going by the name of Hyperloop. Musk, the founder of Paypal and Tesla Motors, published an open source design of the concept, [...]
Tech guru Elon Musk gears up to unveil the fifth form of transport August 11, 2013 THE MAN behind Paypal and Tesla Motors is today due to publish designs for the world’s fastest rail service, named Hyperloop. Elon Musk has until now kept enthusiasts guessing about the details of his “fifth form of transport,” which could one day offer supersonic inter-city travel. The billionaire entrepreneur said in May that the idea [...]
Time to reach for the stars: Britain’s new space industry has the potential to blast off November 2, 2011 SIR RICHARD Branson opened the world’s first commercial spaceport last month. As his new venture Virgin Galactic recognises, space is an industry where the sky’s not the limit. For too long the domain of superpower rivalry between America’s Nasa and Russia’s Federal Space Agency, space is now giving way to the private sector, funded by [...]
No cure for cancer and no jetpacks: the twenty-first century is a bust October 24, 2010 BUSINESS FEATURES EDITOR PULLING a dollar from his wallet, Peter Thiel, the 43-year old co-founder of PayPal and an early investor in Facebook, flaps it to make his point: “Giving people freedom with money is really something deep and fundamental. Government may still have a monopoly on printing these notes, but so long as you [...]
Tesla offers more shares in flotation June 28, 2010 ELECTRIC carmaker Tesla Motors has raised the number of shares it will sell in its initial public offering by 20 per cent, an early sign that investor interest in the start-up is strong. The increase yesterday, a day before shares are expected to begin trading, brings the number of shares being offered to 13.3m from [...]