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Fuze Fund Launches $30M Venture Capital Fund to Empower Underrepresented Entrepreneurs

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Platform Aims to Provide Capital, Strategic Support, and Resources to Propel Minority, Veteran, and Women-Led Startups

RALEIGH, N.C., Oct. 8, 2024 /PRNewswire-PRWeb/ — Fuze Fund is thrilled to announce the launch of Fuze Venture Growth Fund I, LP, a $30 million Reg-D 506(c) fund designed to bridge the equity gap in venture capital. Recently approved by the U.S. Securities and Exchange Commission (SEC), the fund aims to raise and deploy capital to support minority, women, and veteran founders. Now in its subscription phase, Fuze Fund is inviting accredited investors to become part of this journey—not just by providing capital, but by contributing to an ecosystem that nurtures founders with resources, mentorship, and the strategic support they need for long-term success.

“We’re building more than just a fund. We’re building a community that ensures talented, underrepresented founders have a real shot at success.”

“At Fuze Fund, we’re driven by the belief that innovation knows no boundaries. Yet, we’ve seen far too many talented founders from underrepresented communities being sidelined due to a lack of access to funding,” says Dr. T.J. Breeden, Managing Partner of Fuze Fund. “Our goal is simple: to ignite potential. We’re not just backing startups—we’re investing in people, in communities, and in the next generation of game-changing ideas.”

HOW IT STARTED:

Dr. Breeden’s inspiration for launching Fuze Fund was deeply rooted in his experience leading Emerging Entrepreneurs, Inc., a non-profit dedicated to providing startup training to untapped communities, particularly veterans and minority populations. “While leading Emerging Entrepreneurs, Inc., I saw firsthand how difficult it was for underrepresented founders to access the funding and support they needed to succeed,” Dr. Breeden explains. “It became clear to me that the Venture Capital space was not fully supporting these communities.” This realization grew into a larger vision during Dr. Breeden’s MBA studies at Syracuse University, where a group capstone project merged with research from the university’s Institute for Veterans and Military Families. “The concept of launching a fund that focused on empowering veteran, minority, and women-led projects took shape during my time at Syracuse,” he continues. “Though a few years passed and I went on to complete my doctoral studies at the University of Illinois Urbana-Champaign, the hope of one day launching a fund never left me. Less than 4 months after defending my dissertation, in the fall of 2021 and in the midst of the pandemic, Fuze Fund and its flagship venture fund were formed.”

The statistics are telling: in 2022, minority founders received only 1.1% of venture capital funding, despite their growing presence in the startup ecosystem. Investment declined to less than 1% in 2023. Fuze Fund is committed to changing this by channeling institutional capital into promising early-stage ventures across industries like technology, education, and financial services. But Fuze Fund’s commitment goes beyond just financial investment; it provides founders with a strong network of partnerships, including institutions, non-profits, and industry leaders—all working together to fuel sustainable growth. “We understand that capital alone doesn’t drive success—it’s about the support and resources that surround it,” Dr. Breeden continues. “That’s why we’re building an ecosystem that connects founders with the right people and tools, helping them navigate the challenges of growth and scale with confidence.”

While the firm’s flagship fund, Fuze Venture Growth Fund I, will focus on ventures led by diverse leadership teams with innovative business models, particularly in areas like EdTech, AI & Robotics, Consumer Packaged Goods, Fintech, and Digital Services, Fuze Fund is also exploring adjacent industries that leverage technology to drive innovation and create transformative change.

FUZE FUND EXPANDS SUPPORT THROUGH CONSULTING PLATFORM:

In addition to its venture capital initiatives, Fuze Fund offers a robust range of management consulting services tailored to the needs of institutions, startup communities, and founders. From fund structuring and compliance to capital raising and ecosystem development, the Fuze Fund consulting team provides hands-on expertise to guide emerging ventures. These services ensure that founders and institutions have a clear path to success in an increasingly competitive market. “We’re eager to connect with firms, institutions, and agencies who believe in the power of collective investment, knowledge sharing, and strategic collaboration,” says Breeden. “Impact isn’t restricted to wiring funds. Rather, creating real, lasting impact is a holistic endeavor that requires a range of inputs, from raising capital to building connections to leveraging data and insights to make more informed business decisions.”

ABOUT DR. T.J. BREEDEN, FOUNDER & MANAGING PARTNER:

Dr. T.J. Breeden is a nationally recognized entrepreneur and advocate for transitioning service members, underserved founders, and youth. Honored by President Obama as a “Champion of Change” as part of the former administration’s “Winning the Future” initiative, T.J. has been celebrated for his leadership in advancing economic opportunities for minority and veteran founders. He was also named the “Veterans Entrepreneurship Advocate of the Year” by the U.S. Small Business Administration, received BlackEnterprise Magazine’s “Modern Man of Distinction” award, and Radio One’s “Cathy Hughes Business Community Service” award. T.J. also serves in a Director’s role at a leading philanthropy-serving organization whose mission is to advance equitable philanthropic investment in Black communities.

Recently, Dr. Breeden was accepted into the U.S. Department of State’s Bureau of Education and Cultural Affairs’ (ECA) “U.S. Speaker Program,” where he will be extended the opportunity to support U.S. embassies and consulates around the world to engage with leaders, officials, and subject matter experts on topics of strategic importance to the U.S., including but not limited to social entrepreneurship and the power of equitable venture investment in diverse founders. Lastly, he is also a proud member of Kappa Alpha Psi Fraternity, Inc., ForbesBLK (a global community of Black entrepreneurs and leaders driving systematic change in business, culture, and society), and BLCK VC, a network committed to equipping Black investors with the resources needed to push for greater inclusivity in the venture capital industry.

THE FUND IS NOW ACCEPTING SUBSCRIPTION INQUIRIES:

Fuze Venture Growth Fund I is currently in its subscription phase, and while capital deployment will begin once the fund is fully subscribed, accredited investors are welcome to engage. Entrepreneurs and investors alike are invited to join the Fuze Fund network and contribute to an initiative that’s driving diversity and innovation within the venture capital landscape. “We’re building more than just a fund. We’re building a community that ensures talented, underrepresented founders have a real shot at success. This fund is about changing the status quo, and we invite like-minded investors and entrepreneurs to join us on this transformative journey!”

ABOUT FUZE FUND:

Fuze Fund is a venture management platform dedicated to empowering underrepresented founders by providing capital, strategic guidance, and resources. For more information, visit www.fuze.fund.

Media Contact

Dr. T.J. Breeden, Fuze Fund, LLC, 1 (919)627-7627, info@fuze.fund, www.fuze.fund

View original content to download multimedia:https://www.prweb.com/releases/fuze-fund-launches-30m-venture-capital-fund-to-empower-underrepresented-entrepreneurs-302268757.html

SOURCE Fuze Fund, LLC

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Haloid Poll: Majority of Public Safety and Commercial Radio Administrators Would Consider Starlink Integration With LMR Two-Way Radio Networks, but Disruption Unlikely

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STONY BROOK, N.Y., Oct. 25, 2026 /PRNewswire/ — Following Starlink’s announced entry into the mobile communications space, Haloid’s consulting team polled government and business land mobile radio (LMR) administrators on whether Starlink could replace, or complement, their LMR systems. We found that most radio administrators were receptive to the nascent technology but did not see it as a replacement for their LMR networks.

Sixty-seven percent of radio administrators said they would be willing to integrate Starlink technology if it allowed them to expand coverage or lower infrastructure costs. When asked whether Starlink could completely replace their LMR networks, fewer than 15 percent said yes; the vast majority believed Starlink is not as reliable as the custom networks they have built. Among administrators who already use two-way radio over cellular (also known as push-to-talk over cellular, or PoC), however, nearly 80 percent said that Starlink’s satellite coverage, combined with its newly acquired cellular spectrum, would make it more desirable than the industry’s wireless incumbents because it could eliminate dead spots where cellular does not reach.

In the U.S., hundreds of thousands of radio users rely on traditional cellular carriers for push-to-talk communications, and that number grows each year. While the migration to two-way radio over cellular has affected the LMR industry, it has not replaced it. Many public safety agencies never made the switch, citing the risk that cellular networks could go down during weather events, power outages, or cyberattacks and jeopardize emergency communications.

In fact, during recent cellular outages, Starlink was used to provide emergency communications to affected areas, because its satellite connectivity does not depend on cell towers. But Starlink’s integration with the 800 MHz cellular spectrum — “Starlink 2.0,” as some experts are calling it — exposes it to some of the same vulnerabilities as traditional wireless carriers.

While Starlink’s satellite service might still function if local cell towers go down, a critical portion of an agency’s communications might rely on local towers using the 800 MHz spectrum, leaving the agency vulnerable in a storm or outage.

Expect evolution, not disruption

“Just like cellular didn’t replace LMR, we don’t see Starlink as an existential risk,” said Jeremy Alicandri, President of Haloid Solutions. He expects Starlink to accelerate the industry’s evolution toward shared communications infrastructure, also known as hybrid LMR. “We have public safety customers already using Starlink in their vehicles to extend the coverage of their radios. This trend will continue as Starlink devices become more ubiquitous.”

The stock prices of Verizon, T-Mobile, and AT&T were affected by Starlink’s recent announcement. LMR stocks such as L3Harris, JVCKENWOOD, and BK Technologies, maker of the Bendix King brand, have been unaffected, as Wall Street views Starlink as unlikely to replace LMR technology for the same reasons cellular did not. “But it may be too early to predict the industry’s winners and losers,” Alicandri added. “The cellular incumbents have many advantages, including low-cost devices, existing infrastructure, and their own satellite ambitions.”

About Haloid Solutions Research

Haloid’s Starlink poll drew on respondents to its LMR brand loyalty study, which measures radio administrators’ sentiment toward the ownership and after-sales experience. Haloid’s LMR research is sponsored by investors in the mission-critical communications space.

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SOURCE HALOID SOLUTIONS

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Newborn Town and Viggle Launch AI-Powered 3D Interactive Game, Bringing World Models to Social Gaming

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HONG KONG, Oct. 26, 2026 /PRNewswire/ — Recently, Newborn Town’s game-oriented social platform TopTop has launched “Slap Showdown”, an AI-powered 3D interactive mini-game developed in collaboration with Viggle, a company specializing in physics-native world models. The launch brings world model technology into social gaming, offering users a more personalized and engaging interactive experience.

Developed by TopTop and powered by Viggle’s self-developed Joint Space-Time (JST) world model, “Slap Showdown” lets users turn uploaded photos into customized 3D characters and take them straight into the game.

Launched in September, “Slap Showdown” has gained particular traction in Japan, among Spanish-speaking users in North America, and across the Middle East. It is now available in multiple countries and regions worldwide.

From Better Gameplay to a Richer Ecosystem: How World Models Could Redefine Social Gaming on TopTop

In terms of gameplay, “Slap Showdown” combines AI-generated 3D characters with multiplayer interaction. Players can simply upload a photo from their phone and generate a personalized 3D character in around 30 seconds, whether it’s an anime protagonist, a cyberpunk cyborg, or a LEGO minifigure. They can then bring their custom characters into the game and face off against other players in fun, interactive battles.

As players use controls such as press-and-hold, tap, and drag, the 3D characters respond with realistic, physics-based movements. This takes AI-generated characters beyond visual customization, integrating them directly into the gameplay experience.

According to TopTop’s operations team, “Slap Showdown” has attracted a growing base of highly engaged, high-spending-potential players in its first month since launch. The game has recorded a 97% match completion rate, while its game-start rate has also exceeded the platform-wide average.

The depth of user engagement is further illustrated by individual player activity. One player in Japan completed 1,041 matches over 22 days, reaching a daily peak of 151 matches and averaging one match every 9.5 minutes. Another particularly avid player in Eastern Europe completed 735 matches in just 11 days, averaging 66.8 matches per day and peaking at 126 matches in a single day.

For a UGC-driven social gaming platform such as TopTop, mini-games serve as entry points and traffic drivers, while social features underpin retention and monetization. Personalized 3D avatars add another dimension to that experience. Beyond their visual appeal, they give users new ways to express themselves, interact with friends and share memorable moments. In turn, richer gameplay and more meaningful social interactions can help improve retention, attract new users and strengthen engagement across the platform.

“Slap Showdown” marks a successful step in TopTop’s efforts to deepen its application of AI technology, as well as a starting point for using world models to enhance gaming and social experiences. TopTop’s operations team said future game releases could make greater use of AI-powered 3D generation, extending beyond avatars to include customized environments. Existing games could also be revitalized by the introduction of new gameplay features, potentially driving stronger retention and user acquisition.

Beyond enriching gameplay, world model capabilities could also reshape social interaction itself, enabling more immersive, face-to-face experiences in virtual spaces. “We’re constantly exploring how AI can transform gaming and social interaction, while bringing new energy and capabilities to our UGC ecosystem,” TopTop’s operations team said.

Viggle Unveils Physics-Native Model JST-2, Setting Its Sights on Becoming the Infrastructure Layer for Physical AI

The world model technology powering “Slap Showdown” is provided by Viggle.

Founded in 2022, Viggle has focused on developing physics-native world foundation models. Its self-developed JST model can generate 3D characters, motion and environments directly, providing a foundation for gaming and a growing range of AI applications.

Viggle previously attracted widespread attention with Meme Maker, its AI-powered video creation product. The tool enables users to animate static characters and generate videos by applying specified movements, making AI character animation and video creation more accessible. In August 2024, Viggle raised USD 19 million in a Series A funding round led by Silicon Valley venture capital firm Andreessen Horowitz (a16z).

However, video creation was an early application of this technology. Viggle’s longer-term ambition is to make JST a foundational technology for AI-powered experiences across gaming, social platforms and other applications.

Viggle is now further expanding its technological boundaries. On 19 October, Viggle launched JST-2 in full, likening its significance for world models to GPT-2’s role in the evolution of language models.

Unlike many world models that infer physical structure indirectly from pixels, JST-2 is built around a physics-native architecture designed to learn the structure and dynamics of the 3D world directly. Its underlying representation consists of units resembling digital “atoms.” Each has a defined position in three-dimensional space, along with physical properties such as material, color and mass, and information describing how it moves and responds to forces. This allows the model to do more than generate convincing images. It can represent and generate 3D characters, motion and scenes with an underlying understanding of their physical properties.

To support this approach, Viggle has developed an integrated technology stack spanning tokenization, model architecture, data engine, pre-training and post-training. After four years of research and development, JST-2 can generate characters, motion and scenes within a single unified architecture.

Compared with other approaches, JST-2 also demonstrates cost efficiency. JST-2 can generate a 3D scene in seconds, at an inference cost of less than one US cent. Once created, the content can be rendered locally without repeatedly running the foundation model to generate each frame.

It is noteworthy that world model technology remains at an early stage, but Viggle is already working toward more advanced capabilities.

Its next-generation model, JST-3, is intended to become a comprehensive world simulator. Such a system could underpin future game and graphics engines, while also serving as a virtual training environment for robotics and other forms of physical AI.

The longer-term goal is for JST-3 to learn the physical rules governing its simulated world directly from data, rather than relying on rules explicitly written by developers.

For Newborn Town, its investment in and partnership with Viggle represents an important step in exploring how advanced AI can reshape social gaming, promoting a deep integration of AI technology with its business operations.

As a leading global social entertainment company, Newborn Town has continued to deepen the use of AI across key areas in recent years, including product R&D, social recommendation systems, intelligent operations, safety and risk management, and marketing and user acquisition, supporting ongoing business growth.

Meanwhile, the company also continued to invest across the AI ecosystem, backing projects in areas including world models, AI companionship, AI Agents and AI interactive gaming. These investments have further enriched its AI application ecosystem, with Viggle among the AI companies previously backed by Newborn Town.

“Slap Showdown” represents an early step in bringing world models into social gaming. For Newborn Town and Viggle, the next challenge is to turn increasingly sophisticated AI capabilities into experiences that users find genuinely engaging — and compelling enough to keep coming back.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/newborn-town-and-viggle-launch-ai-powered-3d-interactive-game-bringing-world-models-to-social-gaming-302918961.html

SOURCE Newborn Town

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HKICEC Launches First-Ever Global Mobile Exchange Pavilion at Mobile Electronics Show

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Charting a New Milestone with Outstanding Achievements

HONG KONG, Oct. 26, 2026 /PRNewswire/ — The Hong Kong International Communications Electronic Chamber (HKICEC) made a landmark debut at the Global Sources Mobile Electronics Show, held from October 18-21, 2026, with the inaugural launch of the HKICEC Global Mobile Exchange Pavilion. Spanning 600 square meters, the pavilion brought together nearly 60 industry leaders from mainland China, Hong Kong, India, Japan, the UAE, the US and the UK. As the largest themed pavilion in the mobile electronics sector and a premier highlight of the exhibition, this event marks a new developmental milestone for HKICEC. The pavilion underscores the chamber’s dedication to bridging global markets and serving the communications and electronics industry, injecting vital new momentum into the synergy between Hong Kong’s technology sector and international trade.

The grand opening ceremony on October 18 marked the official launch of the first B2B pavilion in Hong Kong and Asia dedicated exclusively to mobile communications equipment. The milestone event was officiated by a distinguished lineup of devices global business, including  Dr. the Hon. Starry Lee Wai King, GBS, JP, Member of the Standing Committee of the National People’s Congress and President of the Legislative Council; Mr. Zhu Xiaodong, Director of the Kowloon Affairs Department of the Liaison Office of the Central People’s Government in the HKSAR; Dr. the Hon. Horace Cheung Kwok Kwan SBS JP, Deputy Secretary for Justice, HKSAR; Mr. Liu Maozhou, Level 1 Bureau Rank Official, the Economic and Financial Department II, Liaison Office of the Central People’s Government in the HKSAR; Mr. Ho Lap Ki, Denny, JP, District Officer (Kwun Tong), Home Affairs Department; Mr James Liu, CEO of Global Sources; and Mr. Jacky Tse, Chairman of HKICEC, alongside HKICEC Management team. Together, they witnessed the official launch of the first B2B pavilion in Hong Kong and Asia dedicated to mobile communications equipment. The ceremony drew over a hundred political and business leaders, industry representatives, international exhibitors, and major media outlets, reflecting the event’s importance and the industry’s green trading development. Following the inauguration, officials toured the pavilion for high-level discussions with global exhibitors, signaling robust institutional backing for the industry and HKICEC’s strategic expansion.

During the four-day exhibition, the pavilion experienced a continuous flow of visitors. Communications and electronics suppliers and global buyers from overseas visited specifically for business matchmaking and negotiations, unlocking numerous commercial opportunities. Notably, the pavilion also featured a retrospective exhibit of 16 classic mobile phones, tracing the industry’s evolution from early ‘brick’ devices to Mainland China’s first official Apple release, the iPhone 3GS. The historical display proved to be a standout attraction, gathering large crowds throughout the event.

Beyond the exhibition floor, the chamber partnered with Global Sources to co-host an international forum on October 19. Under the theme ” From New Devices to New Life: Building a Global Mobile Device Lifecycle Ecosystem”, the event gathered experts from ecoATM, PCS Wireless, Cenwood, Our Hong Kong Foundation, and the Global Mobile Association. They engaged in profound discussions on cutting-edge topics including the global economic landscape, inventory management, ESG development, the circular ecology of new and used devices, and AI technology.  Attended by over 200 international representatives, the forum successfully catalyzed cross-border collaboration and established a new standard for sustainability discourse in the global mobile industry.

As a capstone to the comprehensive four-day events, HKICEC convened over 500 industry leaders, VIPs, and exhibitors for a high-profile networking banquet designed to accelerate cross-border business alliances. The gathering provided a premier platform for delegates to solidify collaborative ties and exchange strategic insights initiated from the pavilion. Ahead of the exhibition’s conclusion, a special ” Pearl Of The Orient • Victoria Harbour Cruise Party” was organized to showcase Hong Kong’s unique charm as a cosmopolitan city to global guests, providing a memorable networking experience against Hong Kong’s iconic skyline to formally cap off the week’s successes.

High-resolution images: https://bit.ly/3WqHMxu

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hkicec-launches-first-ever-global-mobile-exchange-pavilion-at-mobile-electronics-show-302918996.html

SOURCE The Hong Kong International Communications Electronic Chamber (HKICEC)

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