From Brexit to trade wars, world affairs are having a major impact on both startups and established companies.

There is an estimated $100 billion of venture-capital “dry powder” around the world, readily available and looking for the next big thing in tech. And that’s just the money in funds. There’s a lot more lying in wait in the R&D budgets of individual tech companies. Startups have been transforming industries to be smarter, cheaper and more relevant. Mature industries recognize this trend and are constantly looking for ways to be part of the revolution. While traditional companies and industries try to stay relevant, startups are facing other kinds of challenges, like identifying market needs and developing the right technologies to address them.

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This article originally appeared on Entrepreneur Europe
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