US-based voice and telephony gear maker Polycom is looking at deeper engagement with government and SMB verticals to drive expansion in India as it aims to grow revenues by 25 per cent this year. The company, which is being acquired by Canada’s Mitel Networks Corp in a $1.96-billion cash-an…
Ensure J&K SMEs get hassle-free loans, says Mehbooba Mufti to Raghuram Rajan
Jammu and Kashmir Chief Minister Mehbooba Mufti on April 30 sought Reserve Bank of India’s (RBI) support for youth empowerment in the state, while urging premier banking institutions to reach out to young, budding entrepreneurs and help them establish viable business units. She said she exp…
Haryana to give financial assistance to MSMEs for patents
Haryana government has launched a scheme to grant financial assistance of up to Rs 25 lakh to Micro, Small and Medium Enterprises (MSME) for registration of patents for products and processes. To promote patent registration among enterprises and protect their innovation, the state government has …
SHOPMATIC eyes global expansion with operations in Singapore
Shopmatic, an international e-commerce platform that offers an entire ecosystem of selling online has launched its business operations in Singapore to help the local entrepreneurs and individuals go digital and sell their products through e-commerce. The SMEs (Small and Medium-sized Enterprises) …
Autodesk to enable MSMEs adopt technology for design innovation
California-headquartered Autodesk, the world’s leading 3D design firm, aims to push MSMEs (Micro, Small and Medium Enterprises) adopting technology in a bigger way for designing innovation, a top company executive said. Talking to Deccan Herald, Autodesk Head of the Manufacturing Division India a…
Start-up, agriculture portal launch mobile app for farmers
The life of a farmer revolves around farming activities and financial transactions related to them. While a majority of farmers keep track of these activities in their mind, a few also document them in their own little ways. Now, a start-up from Mangaluru and an agri web portal have come out with…
Fresh breed of rich individuals are investing in startups
Bengaluru-based interior decor startup MyGubbi raised $2.5 million (Rs 16.5 crore) from as many as 30 individuals in March. Given the chariness towards startups, it’s not surprising that so many people pitched in— the risk gets divided more. What did raise eyebrows was that more than half o…
IIT incubation plans on fast track to boost startup ideas
In January, Indian Institute of Technology (IIT), Mandi, was selected as one of 18 sites across the country for setting up technology business incubators under the government’s ‘Start-Up India’ initiative. The premier institute is now working on its new technology business incub…
FISME launches MSME suppliers group of MSMEs
Ministry of Defence recently invited the apex body for MSME associations, FISME, to recommend MSMEs who can develop Defence Items not made in India so far. To develop a collaborative effort of MSMEs in defence supplies Federation of Indian Micro and Small & Medium Enterprises (FISME) has anno…
Haryana formulates scheme for e-Commerce linkages of MSMEs
Haryana Government has formulated a scheme for e-Commerce linkages of Micro, Small and Medium Enterprises (MSMEs) for online trading and brand building of their products. The scheme is primarily focused on increasing quality, industrial output and employment generation through incubation of e-com…