The global risk analysis used by big banks, hedge funds, and governments to inform their decision-making around everything from foreign currency investment to foreign aid is getting the machine learning treatment with the launch of the new startup GeoQuant.
In the months since the company launched its service, GeoQuant has accurately predicted increasing political stability in Italy and Mexico before a corresponding rise in the value of those countries’ capital markets and a collapse in political stability in Brazil before markets fell in that country, according to chief executive Mark Rosenberg.
“Large asset managers and large corporations increasingly recognize that political risk is a growing factor in this investment climate,” says Rosenberg.
The former head of product development at the global risk consulting firm, The Eurasia Group, Rosenberg had long wanted to come up with a simpler measurement tool for gauging political risk, but felt it would have eroded much of the value in the bespoke reports that companies like the Eurasia Group rely on for income.
Like many entrepreneurs before him, Rosenberg thought the process could be automated with a bit of technology.
Though it’s hard to quantify the global market for risk analysis, Rosenberg puts its current value at roughly $8 billion — which includes crisis management services (not nearly enough to build a venture capital investable business around). But Rosenberg also said that the size is capped by the bespoke nature of the services on offer. He views his business as cents on the dollar of the roughly $2 trillion in global foreign direct investment that happens annually.
GeoQuant hoovers up all kinds of data to make its risk assessments. The company pulls from traditional country data from institutions like banks and non-governmental organizations (what Rosenberg calls the structured data). The rest is information from social networks in the country and high frequency opinion polls.
All of that data (roughly 250 risk variables) are fed into the company’s software to come up with a real-time score for political risk in a country.
The company is backed by a $4 million seed investment from Aleph VC and XL Innovate. GeoQuant sells its data and analysis tools to Bloomberg and went live with its initial service on the terminals in June.
Eventually, Rosenberg said the company will have a software as a service platform that will deliver political and country risk assessments in real time through a customizable dashboard.
Our CEO Zamir Shukhov's interview with the SME Innovator magazine about the GVA methodology, acceleration 3.0 and the future of entrepreneurship in Russia.
GVA is recognized as the TOP CHALLENGER according to the UBI Global World rankings of University-linked Business Incubators and Accelerators.
The article on Vedomosti on cooperation between corporations and start-ups. Among examples, there are three GVA's accelerators: Mega Accelerator, PepsiCo LAB and Faberlic FMCG Accelerator.
“Stock investors can’t invest in Uber, but they can invest in Nasdaq-listed Yandex, owner of Russia’s top ride-hailing platform,” writes WSJ reporter Stephen Wilmot, referring to the Yandex.Taxi platform.
The first face-to-face event in the framework of the StartUp Kazakhstan – program orientation took place in innovation cluster of Tech Garden in Almaty on February 1-2. On the first day General Director of the Autonomous cluster Fund "PIT" (Tech Garden) Sanzhar Kettebekov and CEO of Global Venture Alliance Zamir Shukhov addressed to the participants with the introductory speech.
How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in less known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many ICOs come from Eastern Europe?
The beginning of this year saw major moves on the Russian eSports scene, a sizable European market with established players operating globally. Thus, last week Mail.Ru Group — an LSE-listed Internet company which controls the largest Russian-language social networks and a range of online gaming companies — announced the full acquisition of ESforce.
GVA’s partner Pavel Luksha, founder Global Education Futures and professor at Moscow School of Management, has a new report out on what graduates should know and be able to do. “Skills of the Future: How to Thrive in the Complex New World” was developed with WorldSkills Russia during sessions of the Atlas of Emerging Jobs project. The report is a thoughtful review of global trends, changes in work and concludes with implications for education. Not a continuation of the present, the authors “believe that mankind should take a serious approach towards the formation of a desired image of the future.”
On January 22 during the official visit of the President of the Republic of Kazakhstan Nursultan Nazarbaev to the USA the autonomous cluster fund Tech Garden signed a number of important agreements with American companies on the digitization of the economy of Kazakhstan.
At the international GELP Moscow 2017 Summit, which was held in Moscow on 1st to 3rd of November, leaders of Russian and foreign education from 12 states outlined practical steps for systematical change of the global educational environment, taking into account the existing global challenges of civilization.
Global Venture Alliance took part in a closed round table session organized by Forbes Russia.
The authoritative international alliance Global Education Leaders` Partnership (GELP), which influences the development of school education abroad, for the first time, chose Russia as a meeting point for leaders and experts of the world educational community. The official operator of GELP is the Global Venture Alliance.
Global Venture Alliance is the general sponsor of the event on the occasion of the 100th anniversary of the magazine Forbes.
The Global Venture Alliance team on October 17 at the international forum "Open Innovations 2017" in Skolkovo organized a closed signing between RZhD, IBM, NES and NCC in the field of transport logistics.
IKEA Centers Russia and GVA have identified 9 start-ups that will go into the MEGA Accelerator business incubator. Theese are Altair VR virtual planetarium, mobile application Save4time, virtual bot MRBot, VR-platform Hexa, interactive game Ligrook, time scheduler Verme, HR-robot Robot Vera, corporate messenger Beesender and IT-service for lawyers Bots & Partners. This was reported to Firrma in IKEA Centres Russia.
Tim Cook has not-so-subtly hinted that Apple is working on some sort of augmented reality product. And while ARKit may be the start, a patent application published today hints at what Apple could be picturing down the road.
Apple has teamed up with Australian-based Cochlear to bring iPhone users the first made for iPhone Cochlear implant.
Approved by the U.S. Food and Drug Administration in June, Cochlear’s Nucleus 7 Sound Processor can now stream sound directly from a compatible iPhone, iPad or iPod touch to the sound processor.
Google’s London-based AI outfit DeepMind has created two different types of AI that can use their ‘imagination’ to plan ahead and perform tasks with a higher success rate than AIs without imagination. Sorry if I made you click because you wanted AIs predicted flying cars. I promise this is cool too.
Scientists at MIT are using Wi-Fi and AI to determine your emotional state. They’ve created an algorithm that can detect and measure individual heartbeats by bouncing RF signals off of people.