Examples this year include two Taiwanese startups that were acquired by Chinese companies: mobile livestream app MimiCam bought by Asia Innovation Group and phone number search app WhatsTheNumber by Dianhuabang for $10 million. These funds are going after increasing opportunities in Taiwan for exits and returns from the market's new digital startups. New funds investing in Taiwan include four that are backed by Taiwan's state-run National Development Fund: Japanese VC Infinity Venture Partners and its third fund of $75 million, WI Harper and its $175 million Asia Fund, Pinehurst Advisors and its joint $30 million effort with GD1 Fund by Sparkbox Ventures in New Zealand and finally, China Development Industrial Bank and its $120 million initiative to focus on deals in greentech and smart development sectors. Here's a brief summary of notable happenings in Taiwan's venture investment community. That was a good reminder that Taiwan continues to be a startup market to watch. This is a fascinating new technology which has the potential to drastically change reading in the classroom.Anita Huang, so-called Captain of the relatively new initiative Taiwan Startup Stadium, outlined a bunch of updates from Taiwan's tech startup investment scene. The success of booktracks in getting students more engaged in reading, and the increased comprehension could prove invaluable. It is fun to set up the ebook with music and sounds that appeal to you and hearing other peoples’ soundtrack experiments is entertaining as well. Not everyone that reads will enjoy booktracks, but you can see how it can appeal to a broad audience. Plus, the soundtrack plays along to your reading speed rather than being played at a static speed, which would cause some to hear the audio in the wrong places. The other half are licensed and those cost an extra fee to use. The library currently consists of 20,000 tracks which can be used with half of them being owned directly by Booktrack. Simply select the text you want to work with and add sound from the library. The process of adding sound or music to an ebook isn’t all that difficult. It is this immersion that Paul Cameron was hoping for with booktracks. When music helps set the mood or the sound of animals is heard in the bushes, then total immersion in the reading occurs. When reading a story normally, we engage but there is some detachment there.
He also serves as a Strategy Consultant for Venture Consulting. He serves as a Board Member at QuiverVision. This demonstrates that booktracks could help make reading a more dynamic experience which gets the reader to feel a greater sense of involvement.īooktrack’s ability to add sound, from music to ambient noise, is simple but powerful. He serves as the Venture Partner & Managing Partner at Sparkbox Ventures. The fund invests in software, TMT and life sciences sectors. The fund is based in Auckland, New Zealand and invests in New Zealand. The study was repeated, using adults instead of children, and nearly identical results were received. Size 00000 Vintage 2009 Dry Powder 00000 General Information Description 2 Ignite Fund is an early stage venture capital fund managed by Sparkbox Ventures. Studies have found that when reading a booktrack, a student spends 30% more time engrossed in the material while comprehension also rose by 17%. Although functionally the same, Booktrack Classroom will enable students to build, listen, and share soundtracks for ebooks for free.īooktrack Classroom was aggressively pursued due to studies made on the effects of reading with music. Sparkbox led this round of funding but donors from the first round, like Peter Jackson’s Park Road Post Productions, contributed to this second round as well.
SPARKBOX VENTURES SERIES
A huge player was Sparkbox Ventures who helped Booktrack to raise $3 million in Series A funding, to get this new version completed. Booktrack has worked hard to get this made and ready to be released. The new application being released is Booktrack Classroom. This proves that people are enjoying adding music to what they read. Although Booktrack Studio has only been around five months, users have created over 3,600 of the booktracks in 30 different languages. Founded in 2001, Sparkbox Ventures is a venture capital firm based in Auckland, New Zealand. This is also called adding a soundtrack since it functions much like the soundtrack to a movie. This application allows anybody to create ebooks with sound. The first platform released was the Booktrack Studio.
Booktrack has already released one version of adding music to an ebook and has been working on another version that is about to be released. He believes there is great potential to having sound playing while reading. Some do not see the point of this, calling it gimmicky, but CEO Paul Cameron strongly disagrees with such assessments. Booktrack is a company which has produced a platform enabling sound to be added to an ebook.
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