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Vector Innovation Fund Announces Launch of First Advanced Technology Focused Sub-fund for Pandemic Protection

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the Sovereign Wealth Funds (SWFs)

Vector Innovation Fund Announces Launch of First Advanced Technology Focused Sub-fund for Pandemic Protection

Vector Innovation Fund GP S.à.r.l. (VIF) has now launched an expected $300 million pandemic protection sub-fund 1. This first sub-fund aims to invest in technologies for pandemic protection and future healthcare, aiding and supporting precision medicine, highly advanced point of care and AI technologies to support the global economy, sustainable healthcare, and life longevity. This first sub-fund’s objective is to target commitments totalling $300m due to a strong deal flow, with an expected first close of $120m and a final close expected within 19 months.

The General Partners have an excellent track record in industry, healthcare, technology and investment, with 21 exits and a total value creation of $2.4billion, including two successful IPOs.

VIF is a Reserved Alternative Investment Fund based in Luxembourg has just been incorporated under the laws of the Grand Duchy of Luxembourg as a corporate partnership limited by shares (société en commandite par actions) qualifying as an investment company with variable capital – reserved alternative investment fund (société d’investissement à capital variable – fonds d’investissement alternatif réservé) under the RAIF Law.

VIF has been set up as an umbrella structure with sub-fund Vector Innovation Fund – Pandemic Protection Fund 1 at incorporation date. The General Partner might, at its discretion, launch additional sub-funds (which may be open-ended or close-ended) each of which is represented by one or more Classes of Shares. The fund qualifies as an AIF within the meaning of the AIFM Law.

Each sub-fund shall constitute a distinct and segregated part of the assets and liabilities of VIF’s umbrella structure.

Economic forecasters say fallout from COVID-19 is driving huge investment within AI and Nanotechnology as healthcare investment is expected to grow at a rate of nearly 50% extra a year towards a market set to be worth $1.333 trillion by 2027, according to Precedence Research 2020.

The Pandemic Protection sub-fund 1 plans to invest in sophisticated biotech and nanotechnology-based diagnostics, biomarkers, vaccines, novel therapies, highly targeted nanomedicines, and AI, allowing us to move to a more sustainable, digitised, decentralised and democratised point-of-care environment.  The world cannot afford another pandemic, the ongoing impact of long Covid symptoms will have a profound effect on healthcare provision for the next five to ten years. The world of investment, industry and governments are gearing up to be better prepared and are funding future the proof technologies for global health.

These dynamic investments will help to potentially free up our economies and future-proof us from infectious diseases as well as develop solutions to antibiotic resistance, another global healthcare challenge that only technology can solve.

VIF, represented by its managing general partner Vector Innovation GP, has also appointed Fuchs Asset Management S.A., led by CEO Timothe Fuchs. Fuchs Asset Management S.A. is a public limited liability company based in Luxembourg, as the qualified Fund Manager (AIFM) governed under Luxembourg law for reserved alternative investment funds under RAIF Law 2016.

The appointed investment advisor for the fund is Enabling Tech Investment Advisors S.À R.L. who is also based and incorporated in Luxembourg under Luxembourg law. VIF’s depository bank is Banque de Luxembourg. Other international service providers include Maitland, Ashurst, The World Nano Foundation and World Science Aid.

The fund has brought together some of the world’s leading figures in biomedicine, advanced diagnostics, nano biomarkers, telemedicine, AI and machine learning to accelerate these transformational technologies into the markets, backed by sophisticated, UHNW and institutional investors creating potentially one of the most dynamic international investment structures.

VIF’s fund investment strategy looks to deliver 25-30% estimated gross IRR, 4x MOIC over the life of the fund with an estimate of 10-12 diversified investments per sub-fund.

Each prospect company seeking investment from VIF must demonstrate to our investment advisors, our global advisory board, investment committee and fund managers, their ability to commercialise highly disruptive technology globally. For this, VIF uses its unique proprietary rating system for strategy implementation, using world-class benchmark modelling for technology and healthcare investment.

The Fund’s Enabling Technology Investment Advisors and global advisory board are international leaders in these fields of expertise. This has been demonstrated via previous start ups that have gone on to become ‘unicorns’, as well as our team’s wider experience with large conglomerates in terms of advising and supporting them on strategy, scaling or commercialising disruptive innovations in international markets.

One international investment platform is a Pandemic Protection alternative investment fund operated by Vector Innovation Fund in Luxembourg focused on limiting the effect of long form Covid-19, insulating the world against the impact of future pandemics, whilst minimising any impact on the global economy and healthcare provision and preparedness. As well as this, the fund is committed to enhancing the development and prevalence of nanotechnology in healthcare.

The Vector Innovation Fund is a Reserved Alternative Investment Fund (RAIF) specialising in support for technology companies able to transform global markets, notably in global healthcare, sustainability and longevity. These transformational technologies come from the nanotechnology, biotech, AI and machine learning, medical devices, therapies and digital health sectors.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Starlink Pulls Plug on Ghana, South Africa, and Others

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Starlink, the satellite internet service operated by SpaceX, has announced the cessation of services in countries including Ghana and South Africa.

This decision comes as a significant blow to users who have come to rely on Starlink for their internet connectivity needs.

The decision, set to take effect by the end of April 2024, will disconnect all individuals and businesses in unauthorized locations across Africa, including Ghana, South Africa, Botswana, and Zimbabwe.

While subscribers in authorized countries such as Nigeria, Mozambique, Mauritius, and others can continue to use their kits without interruption, those in affected regions face imminent loss of access.

One of the reasons cited by Starlink for the discontinuation is the violation of its terms and conditions.

The company explained that its regional and global roaming plans were intended for temporary use by travelers and those in transit, not for permanent use in unauthorized areas. Users found in breach of these conditions face the termination of their service.

Furthermore, Starlink’s recent email to subscribers outlined stringent measures to enforce compliance.

Subscribers who use the roaming plan for more than two months outside authorized locations must either return home or update their account country to the current one. Failure to do so will result in limited service access.

The decision to discontinue services in certain countries raises questions about the future of internet connectivity in these regions.

Also, concerns have been raised about Starlink’s ability to enforce the new rules effectively. Reports indicate that the company has previously failed to enforce similar conditions for over a year, raising doubts about the efficacy of the current measures.

Starlink’s decision to pull the plug on Ghana, South Africa, and other nations underscores the complexities of providing satellite internet services in diverse regulatory environments.

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Nigeria’s Broadband Penetration Stalls at 42.53% Amid Connectivity Challenges

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Nigeria’s broadband penetration has stalled at 42.53% as of January, according to the latest report.

Subscriptions currently stand at 92.19 million, indicating a significant gap in connectivity, particularly in rural areas.

The Nigerian National Broadband Plan 2020-2025 aims to increase broadband penetration to 70% by 2025, with the ultimate goal of achieving 96% mobile broadband coverage by 2030.

However, this ambitious target requires substantial investment—approximately $461 million, according to a recent report by the Global System for Mobile Communications Association (GSMA).

While the country’s major telecommunications companies, such as MTN Nigeria and Airtel Africa, have invested heavily in expanding their network infrastructure, much of this development has been concentrated in urban areas. Rural and underserved regions face a significant coverage gap, exacerbating the digital divide.

Despite these challenges, Nigeria has made progress in improving its broadband infrastructure. Since 2012, the mobile broadband coverage gap across Africa has decreased from 56% to 13% in 2022, due to significant investments in network capacity and new technologies.

Nonetheless, millions of Nigerians, particularly those in rural regions, remain without access to essential telecom services.

To address this issue, Nigeria’s government established the Universal Service Provision Fund (USPF) in 2006, aimed at bridging the connectivity gap and expanding broadband access to unserved and underserved areas.

The fund provides resources for deploying telecommunications infrastructure in economically unviable regions.

The success of these initiatives, along with increased investments in broadband infrastructure and policies to incentivize internet expansion in remote areas, will be crucial in closing the connectivity gap and improving digital access for all Nigerians.

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iPhone Shipments Drop Amid Resurgence of Android Rivals

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Apple Inc. reported a significant drop in iPhone shipments during the March quarter, reflecting a downturn in sales across China amid the resurgence of competition from Android-powered rivals.

According to market tracker IDC, the tech giant shipped 50.1 million iPhones in the first three months of the year, a 9.6% year-on-year decline that fell short of the average analyst estimate of 51.7 million.

The steep decrease in iPhone sales marks Apple’s most significant quarterly dip since 2022, when Covid-19 lockdowns disrupted supply chains.

This time, the Cupertino-based company faces challenges from resurgent competitors such as Huawei Technologies Co. and Xiaomi Corp.

These firms have rebounded strongly in recent quarters, and their innovative product lines have begun to reclaim market share from Apple in China.

Samsung Electronics Co. regained its position as the top smartphone supplier globally, while Apple ranked second. Xiaomi closed the gap on Apple, shipping 40.8 million units, an impressive 33.8% increase year-on-year.

Transsion Holdings, another key player in the budget smartphone segment, nearly doubled its shipments, showcasing the competitive environment Apple faces.

Nabila Popal, research director at IDC, highlighted the broader shift in the smartphone market, which has recovered from the supply chain disruptions and challenges of recent years.

“While Apple has demonstrated resilience and growth in recent years, maintaining its pace and share in the market may prove challenging as Android manufacturers make strides,” Popal commented.

Apple has a strong brand and loyal customer base, yet its market position may be tested further by the aggressive pricing and innovative products offered by Chinese rivals.

The company’s efforts to sustain its premium pricing strategy may also be challenged as more customers consider switching to Android alternatives.

As the tech industry looks ahead to the rest of the year, Apple’s upcoming earnings report and strategic moves to address this competitive pressure will be closely watched by investors and industry observers alike.

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