Bengaluru: Infosys Co-Founder and Aadhaar architect Nandan Nilekani is teaming up with venture capital investor Sanjeev Aggarwal to set up an investment firm that will back midstage startups, according to four people aware of the plans. The fund, with a corpus of at least $100 million, will consi…
Govt mulls revision of SME definition; To look at easing compliance cost in GST
Chennai: The government is working towards redefining entities that would get classified as Micro, Small and Medium Enterprises (MSME) units. In a bid to align policies to the best practices followed in other countries, KK Jalan, Secretary, MSME said that the central government is looking to revi…
With a toll-free helpline & MoU with Invest India, Odisha gears up to promote entrepreneurship
Earlier this month, the Chief Minister of Odisha Naveen Patnaik launched the Startup Odisha Toll-Free Helpline 1800-345-7100. The helpline is aimed for startup stakeholders to have a platform for redressal of their queries related to startups. Odisha Startup Policy related calls are transferred t…
Industry demands easy MSME credit from new UP CM
Hours after Gorakhpur Member of Parliament (MP) Yogi Adityanath was sworn in as the 21st Chief Minister of Uttar Pradesh , Associated Chambers of Commerce and Industry (Assocham) urged him to facilitate easy credit for the beleaguered Micro, Small and Medium Enterprises (MSME) in the state. Assoc…
Start-ups to get more money as Cabinet gives nod to Rs 1k cr fund
The Union Cabinet chaired by Prime Minister Narendra Modi on March 22 approved Rs 1,000-crore initial corpus for the Fund of Funds for Start-ups (FFS), which was established in June last year. According to the Cabinet decision, Alternate Investment Funds (AIFs) supported by FFS shall invest at le…
Qualcomm signs MoU with T-Hub
Chennai: Qualcomm on March 22 signed a memorandum of understanding (MoU) for a strategic collaboration with T-Hub, a startup engine. Qualcomm will utilise this association to expand its Innovation Lab’s ecosystem in the country by providing access to design, development, and testing facilit…
IFC to invest $20-60 mn in Indian start-ups
International Finance Corporation (IFC), a member of the World Bank group, is the largest global development institution focussed exclusively on the private sector in developing countries. Ruchira Shukla, Regional Lead, South Asia, Venture Capital, IFC, spoke about the new fund’s investment plans…
Startup India report card: Culture of entrepreneurship in the making
The Prime Minister had announced the ambitious Startup India Action Plan in January 2016, and it has been a boost to the startup ecosystem. The program, by design, seems perfect to support the startup culture in India, promising to provide solutions to many hurdles a startup faces along with a sy…
Social start-up Haqdarshak secures angel funding
Nitish Kumar Releases Bihar’s Startup Policy, Announces Rs 500Cr Fund At the 4th Bihar Entrepreneurship Summit (BES), organised by Bihar Entrepreneurs Association, on March 21, Chief Minister Nitish Kumar released Bihar StartUp Policy 2017. Bihar is among the few states in India to have a startup…
3 steps to IoT hardware success for SMEs
If your small or medium sized company wants to develop an IoT hardware device or adapt one of your existing product for IoT, it doesn’t necessarily have to be hard. Just as long as you follow the following steps. Define your service value The true value of an IoT device is in its handling of [&he…