Austin, TX
eQ8 secures $4m in Series A Funding from OIF Ventures
Australian-based startup plans to double Austin, TX footprint
AUSTIN, Texas, Dec. 8, 2022 /PRNewswire/ — eQ8, the world chief in SaaS improvement and the one end-to-end platform for Strategic Workforce Planning (SWP) and dynamic state of affairs modeling, at present introduced it has acquired its Collection A funding from Australian-based OIF Ventures. The funding will assist eQ8’s continued development and product innovation because it furthers its mission to assist organizations worldwide join their individuals to function.
“Organizations can now not assume that the fitting workforce will simply materialize,” stated Alicia Roach, Co-Founder and Joint CEO. “eQ8 compares enterprise demand versus workforce provide towards exterior labor market and future of labor information. This enables our clients to outline the place they should go and choose the actions required to get there.”
In line with eQ8 analysis, over 80% of organizations are not sure if their current agency accommodates the fitting workforce dimension and form. Moreover, over 95% of organizations are not sure of the workforce dimension and form they may want in 3-5 years. Present instruments out there are restricted to operational planning however fail to deal with strategic initiatives wanted to overtake a company’s total workforce.
“The enterprise case for Strategic Workforce Planning is top-line gross sales and income realization. With out the fitting enterprise capability, buyer supply suffers. eQ8 is main the market as a result of it affords complete assist in guaranteeing capability and functionality planning. That is essential for rising buyer supply and guarantee success for pricey transformation initiatives,” stated Anna Osipov, Investor, OIF Ventures.
eQ8 makes this rising self-discipline, which spans Finance, Technique and HR, accessible, by offering key insights into:
- The scale and form of the workforce wanted (Quantity)
- Initiatives that can have the largest influence/ROI (Motion)
- Shared management readability on future enterprise necessities (Align)
Strategic workforce planning drives management readability and extra socially accountable choices round individuals.
“In a interval of uncertainty, buyer demand for our product has lifted as firms should keep away from the short-sighted choices made in the course of the pandemic,” says eQ8 Co-Founder Chris Hare. “Elevated volatility has crystallized the necessity for SWP. Leaders should plan.”
This start-up ‘kissed numerous frogs’ earlier than touchdown an Aussie backer
OIF Ventures Funding Observe
About eQ8
eQ8, headquartered in Sydney, Australia with a rising presence in Austin, TX, is the one devoted end-to-end SaaS resolution providing scalability and sustainability for whole Strategic Workforce Planning success. Led by joint CEOs Alicia Roach and Chris Hare, eQ8 is on a mission to attach individuals to function and democratize Strategic Workforce Planning for the world’s main organizations.
About OIF Ventures
OIF Ventures, an Australian enterprise capital agency, champions distinctive founders to construct the long-lasting expertise companies of the long run. Based by a few of Australia’s main entrepreneurs, enterprise builders and buyers with vital funding, operational and strategic expertise, we all the time search so as to add materials worth to the founders and groups we associate with.
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Austin, TX
Quieter night after protests and arrests at UT-Austin
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Austin, TX
What is a pro-Palestine protest? Here’s why U.S. college students are protesting
Dozens of protesters at the University of Texas were arrested Wednesday during a peaceful, pro-Palestinian protest hosted on the campus by the Palestine Solidarity Committee.
“UT Austin does not tolerate disruptions of campus activities or operations like we have seen at other campuses,” the UT Division of Student Affairs said in a statement before the protest.
After about 45 minutes of the crowd marching south on the mall from the Gregory Gym area, Texas Department of Public Safety troopers and campus police ordered the protesters to disperse or “be arrested as per the penal code.”
Here’s why UT-Austin students are protesting:
What is a pro-Palestine protest?
Pro-Palestinian protests are demonstrations in support of Palestinian rights, typically calling for an end to Israeli occupation of Palestinian territories.
Protests began in the wake of the ongoing war between Israel and Hamas, triggered by the Palestinian militant group’s assault on Israeli communities Oct. 7, killing almost 1,200 people.
Israel’s subsequent bombardment and invasion of Gaza has killed tens of thousands of Palestinians — militants and civilians; men, women and children — and has fueled a dire humanitarian crisis.
Where is Palestine located?
Palestine is recognized as an independent state by the United Nations and more than 135 of its members, but it is not recognized by the U.S., according to History. The UN considers it a single occupied entity, but the official borders are undetermined, BBC News reported.
Though its borders have shifted over the years, Palestinian territories used to be what is now Israel, Gaza and the West Bank.
When searching for “Palestine” on Google Maps, the map zooms in on the Israel-Palestine region, and both the Gaza Strip and West Bank territories are labeled and separated by dotted lines. But there is no label for Palestine.
In an email statement, Google said it doesn’t label the borders because there isn’t international consensus on where the Palestinian boundaries are located.
Why are college students protesting?
The Palestine Solidarity Committee, a registered UT student group and a chapter of the national Students for Justice in Palestine, planned a protest Wednesday at the UT campus in solidarity with students across the U.S., including at Columbia University, Yale University and New York University, who are calling for an end to the Israel-Hamas war.
Across the country, pro-Palestinian student protesters have occupied campuses in tent encampments this week in a campaign to urge their universities to divest, an action students over the decades have demanded from their schools’ administrators.
At pro-Palestinian rally at UT-Austin, protesters arrested
Multiple protesters on UT-Austin’s campus were arrested during a pro-Palestinian rally held by students.
What is ‘divest’?
The word “divest” refers to diverting money from a university’s endowment — the pool of money a college has and tries to grow through investments. Some of the biggest university endowments in the country total nearly $50 billion and comprise thousands of funds.
The protesters opposed to Israel’s military attacks in Gaza say they want their schools to stop funneling endowment money to Israeli companies and other businesses, like weapons manufacturers, that profit from the war in Gaza.
“The university would rather enforce and put money into policing our communities and policing their own students then they would to supporting them,” said Anachí Ponce, a UT student who attended the protest. “These are students who are protesting a genocide and the lack of action from UT administration for the way that they haven’t been super helpful against hate crimes against Muslim students on campus.”
“It’s like, why is our money being used to fund bombs overseas?,” said Layla Saliba, a student protester researching endowment investments with the group Columbia University Apartheid Divestment. “Let’s reinvest this money in our community instead,” she said.
In addition to divestment, protesters across the U.S. are calling for a cease-fire and student governments at some colleges have also passed resolutions in recent weeks calling for an end to academic partnerships with Israel.
Are universities investing in Israel?
Protesters have called for a halt to investments in Israel, but experts say that might be too simplified a take on what colleges have done with their funds. To begin with, it’s difficult to define what an “investment” in Israel entails, said economist Sandy Baum, a senior fellow at the Urban Institute who studies college finances.
She said bigger investments are more obvious than smaller ones tucked away in mutual funds — an investment tool that pools money and spreads it out over many assets, and a type of financial tool on which many colleges rely.
Universities hire private companies to manage their endowments to preserve their funds over the long run, Baum said.
Debates about the investments of college endowments are complicated, Baum said, because some university stakeholders argue the money needs to produce the biggest return on investment possible to fund teaching and necessary programming and services.
“The purpose of the endowment is to have money that will allow the university to permanently provide educational opportunities so that they don’t have to go out and raise new money every year to continue operating,” she said.
The bigger a university’s endowment, the more is at stake. That’s one reason why pro-Palestinian student protesters at wealthy universities are fighting so hard this week, she said. There’s a lot of money involved.
“There are always going to be differencesof opinion about what you don’t want to invest in,” Baum said.
Austin, TX
Tesla found a way to get out of environmental regulations at its Texas gigafactory
- Tesla’s gigafactory outside Austin won’t have to follow the city’s environmental regulations.
- The EV company was granted an exemption thanks to a new state law.
- Elon Musk has said the property will be an “ecological paradise,” but Tesla has a history of violating the environment.
Tesla’s massive gigafactory outside Austin, Texas will no longer have to follow local environmental regulations, thanks to a recent state law.
Tesla’s 2,500-acre property, which includes its 10-million-square-foot electric vehicle gigafactory, is in unincorporated land on the outskirts of Austin.
Despite not being directly in the city, most of that land was still part of Austin’s “extraterritorial jurisdiction” (ETJ), which allowed the city to regulate developments outside its limits.
In February, Tesla applied for an exemption from Austin’s ETJ, which the city’s Planning Department approved in March.
The exemption was first reported by the Austin Business Journal this week.
The exemption was possible thanks to a new state law that went into effect in September and allows landowners to request to be removed from jurisdictions so that they can develop land with fewer regulations.
Several cities in the state have already sued to block the law, including Grand Prairie, which argued in a filing that the law will hurt the city’s ability to protect the health, safety, and welfare of those who live in and around its borders.
But under the law, cities don’t have much leeway to deny a landowner’s request, Austin’s director of planning previously said, according to the Austin Business Journal.
Tesla’s ETJ exemption will enable the electric vehicle company to further develop its land without having to follow the city’s environmental restrictions, which an Austin city spokesperson acknowledged could harm locals.
“Releasing properties from the ETJ impacts the City because development in the ETJ is subject to limited subdivision regulation as well as regulation of water quality and flooding issues,” Shelley Parks, an Austin city spokesperson, said in a statement to Business Insider. “All affect people in both the ETJ and the City itself.”
Tesla did not respond to a request for comment from Business Insider.
When the Texas gigafactory was still under construction before its 2022 opening, Elon Musk promised it would be an “ecological paradise” with walking trails for the public along the neighboring Colorado River.
Musk’s companies have had issues with environmental regulations in the past, however. In February, Tesla settled a lawsuit accusing them of mishandling hazardous waste in California. Meanwhile, the Boring Company has been accused of letting untreated wastewater drain into the Colorado River.
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