Tag Archives: fund

BlackBerry inventor starts quantum technology fund aiming to turn “Star Trek” devices into reality

BlackBerry Inventor Starts Fund to Make Star Trek Device Reality

By Hugo Miller & Jon Erlichman

Mike Lazaridis, inventor of the BlackBerry smartphone, is starting a C$100 million ($97 million) quantum technology fund that’s aiming to turn devices like the medical tricorder from “Star Trek” into reality.

The fund, called Quantum Valley Investments, is being financed exclusively by Lazaridis and Doug Fregin, an old friend and co-founder of Research In Motion Ltd. (BB), the company behind the BlackBerry. The goal is to commercialize technologies from a cluster of research labs that have been bankrolled by Lazaridis. At least one startup has signed up with the fund and the first products may emerge in the next two to three years, he said.

“What we’re excited about is these little gems coming out,” Lazaridis said in an interview in Toronto. “The medical tricorder would be astounding, the whole idea of blood tests, MRIs — imagine if you could do that with a single device. That may be possible and possible only because of the sensitivity, selectivity and resolution we can get from quantum sensors made with these quantum breakthroughs.”

Lazaridis, who stepped down as RIM’s co-chief executive officer 14 months ago, is putting his time and fortune into quantum computing and nanotechnology — sometimes referred to as the “science of the small” — which uses atomic-sized technology in fields ranging from medicine to cryptography.

Quantum Computing

He opened the Mike & Ophelia Lazaridis Quantum-Nano Centre in his hometown of Waterloo, Ontario, last September, financing the effort with a $100 million donation. That lab complements the Institute for Quantum Computing and the more-than-decade-old Perimeter Institute for Theoretical Physics, both founded with more than $250 million of Lazaridis’s own money and additional funds he helped raise.

The Quantum Valley fund will probably focus on one to two dozen companies, he said. It may take a few years to make the investments, said Lazaridis, who declined to name the startups that are under consideration.

“We’re being very strategic with the funds,” he said. “This is not a venture capital fund that we’re all used to.”

Noninvasive medical-testing equipment — the real-life versions of the scanning devices used by “Star Trek” medics — will probably be a focus of the fund.

Continue reading BlackBerry inventor starts quantum technology fund aiming to turn “Star Trek” devices into reality

PTI leader receives Rs40m US fund

By Tariq Butt

ISLAMABAD: Senior Pakistan Tehrik-e-Insaf (PTI) leader Jehangir Tareen has received American funding of over Rs40 million through the US Agency for International Development (USAID) for his private business firm and family NGO working in Lodhran from where he is poised to contest the upcoming general elections instead of Rahim Yar Khan.

When contacted, the PTI leader, who heads the party’s policy wing and think tank, confirmed that his Tareen Education Foundation (TEF) and Ali Tareen Farm got the money from the USAID, but said he received the funding before he joined Imran Khan’s squad.

Continue reading PTI leader receives Rs40m US fund

US moving to punish Pakistan severely

By: Wajid Ali Syed

WASHINGTON: The United States House Armed Services Committee on Thursday approved a bill that will prohibit the preferential procurement of goods or services from Pakistan until the Nato supply lines are reopened.

The committee fine-tuned the bill, also known as the National Defence Authorisation Act, all day on Wednesday and into the early hours of Thursday, when it was passed with an overwhelming majority by the committee members.

Confirming the passage of bill, a committee spokesman told The News, ìWe did three things, but they generally boil down to one theme ñ we are restricting or cutting funds until the Pakistani supply routes are reopened. When they are, we are pressing for greater accountability. We hope the US-Pakistan relationship will improve, but until that happens, we need to be conscious of our roles as stewards of the taxpayer dollar.î

A section of the bill extended the Pakistan Counterinsurgency Fund (PCF) through the 2013 fiscal year, but the modified sub-sections require the Secretary of Defence, with the concurrence of the Secretary of State, to submit an update to the report on the strategy to utilise the fund, and the metrics used to determine progress with respect to the fund. It also limits the authority of the Secretary of Defence to obligate or expend funds made available to the Pakistan Counterinsurgency Fund to not more than 10 percent of the amount available until such time as the update is submitted to the appropriate congressional committees.

Continue reading US moving to punish Pakistan severely

[US Congress] House panel cuts foreign aid, UN and military aid to Pakistan

House panel cuts foreign aid, UN and military aid to Pakistan

By Associated Press

WASHINGTON — A House panel on Wednesday moved to cut the foreign aid budget by some 9 percent, targeting economic aid and contributions to the United Nations and the World Bank.

Despite the cuts, the legislation won bipartisan backing from the Appropriations foreign aid panel, though it’s sure to draw a White House veto threat because it’s in line with a broader GOP spending plan that breaks faith with last summer’s budget and debt pact with President Barack Obama.

The panel maintains aid to Israel and Egypt at the administration’s requests but denies $800 million that was requested for a special fund for training and equipping Pakistan’s military in counterinsurgency tactics. The move appears to reflect wariness on the part of lawmakers toward the government of Pakistan, which failed to find Osama bin Laden for years until the U.S. military killed him a year ago.

Rep. Jesse Jackson Jr., D-Ill., accused Pakistan of “harboring a fugitive” and likened the U.S.-Pakistan relationship to a “bad marriage.”

Given the animosity toward Pakistan, the $800 million request for counterinsurgency efforts was an easy target, though the measure would permit transfers from other accounts to make up for some or all of the shortfall. …

Read more » The Washington Post

Via – Wichaar.com

Rs3.65bn for 2010 flood victims yet to be spent

By Bhagwandas

KARACHI: The Sindh government has not yet spent even a single penny from the Rs1.15 billion it has received from the Central Zakat Fund in addition to the Rs2.5 billion allocated by Sindh for the reconstruction of houses damaged or destroyed in the 2010 floods, said Sindh Zakat and Ushr Minister Sajid Jokhio on Monday. ….

Read more » DAWN.COM

China is not eager to jump in Afpak conflict

– Analysis: China to keep Pakistan embrace at arm’s length

By Sui-Lee Wee

BEIJING: (Reuters) – Pakistan, facing a crisis with the United States, has leaned closely to longtime partner China, offering its “all-weather friendship” with Beijing as an alternative to Washington.

But Pakistan will be disappointed if it hopes to replace American patronage with the same from China.

While China does not welcome the U.S. presence near its border, it wants stability on its western flank and believes an abrupt withdrawal of Washington’s support for Pakistan could imperil that. It also does not want to upset warming relations with India by getting mired in subcontinent security tension.

Maintaining that delicate balance, China will continue supporting economic cooperation with Pakistan but go slow on defense cooperation. While outwardly all smiles and warm pledges of friendship, China will quietly keep things at arms length.

“I think they see what’s going on in the U.S.-Pakistan front at the moment as reason to tread very carefully,” said Andrew Small, a researcher at the German Marshall Fund think-tank in Brussels who studies China-Pakistan ties and often visits both countries.

“They are taking extra care to make sure that what’s going on in the relationship is correctly understood, not reflecting any willingness to rush in or fill the gap or exploit differences.”

Pakistan’s brittle relationship with the United States, its major donor, has turned openly rancorous. Washington accused Pakistan’s powerful ISI spy agency of directly backing the Afghan Taliban-allied Haqqani network and of providing support for a September 13 attack on the U.S. mission in Kabul. ….

Read more → Reuters

PAKISTAN IN CRISIS

Ahmed Rashid, Author and Journalist

With the recent assassination of Salman Taseer, governor of the province of Punjab, one of the strongest voices for democracy and secularism in the Pakistan People’s Party has been silenced. The government is in crisis, and the economy has been in freefall since the International Monetary Fund halted its loans to the country last year. Ahmed Rashid warns that the situation in Pakistan is potentially worse than in neighboring Afghanistan. This unrest comes at a crucial time when the United States is seeking increased cooperation with Islamabad on the war in Afghanistan and combating terrorism. What is the future of Pakistan’s partnership with the United States, and what will be Pakistan’s role in defining regional order before NATO pulls out of Afghanistan in 2014? …

Read more : The Chicago Council

Is this Pakistan or a brutal occupation of Sindh? Cancel the contracts for F16s, submarines and bombs and feed the people!

. Pakistan’s Sindh province faces acute hunger: UNICEF

By Chris Allbritton

(Reuters) – Pakistan’s Sindh province, hit hard by last year’s floods, is suffering levels of malnutrition almost as critical as Chad and Niger, with hundreds of thousands of children at risk, UNICEF said on Wednesday.

A survey conducted by the provincial government and the U.N. Children’s Fund revealed malnutrition rates of 23.1 percent in northern Sindh and 21.2 percent in the south.

Those rates are above the 15 percent emergency threshold set by the World Health Organization and are on a par with some of the poorest parts of sub-Saharan Africa.

Northern Sindh also had a 6.1 percent severe acute malnutrition rate and southern Sindh had 2.9 percent, both far above the WHO thresholds.

“We are looking at hundreds of thousands of children at risk,” UNICEF chief of communication Kristen Elsby told Reuters.

A full report would be released Friday by the Sindh government, she said, along with the province’s response plan. …

Read more : REUTERSDAWNBBC urdu

Professional Beggars at their best … but .. Beggars are not choosers!

Vice President Joe Biden is the latest high level U.S dignitary to visit Pakistan. As the series of such high profile visits continues, one wonders what actually transpires in such meetings and what kind of assurances are given from both sides to each other. In this episode of Reporter, Arshad Sharif tries to find out what PM Gilani meant when he said that he has given assurances to Joe Biden that practical steps will be taken to resolve all the difficult problems.

Courtesy: Dawn News (program Reporter with Arshad Sharif)

Source- You Tube Link

SANA flood relief event in Houston, TX Oct 23, 2010

Sindhi Association of North America (SANA) is sponsoring a flood relief dinner in Houston, TX on October 23rd, 7pm at a hall at the NE corner of Dairy Ashford and Bissonnet. Anyone, everyone is welcome to participate. Houston Mayor Annise D. Parker has confirmed to attend the event. A local restaurant is to provide food for 500-700 participants free of cost. Pledges already received for $45,000.00. Will be a great event.
Just to share information with you that SANA has already collected more than US$75,000.00. It has spent some of the funds for the flood relief efforts while the organization is in the planning stage for utilizing more funds for long term projects to help flood affected people.