Kolkata: About Rs 20 crore of loans were so far approved under the Rs 200 crore venture capital fund for Micro, Small, Medium Enterprises (MSMEs) in West Bengal, an official said on March 3. “Three units have so far been assisted under the venture capital fund created for MSMEs and a total of Rs …
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NSE, BSE small firm listing platforms see traction
Small and Medium Enterprises (SMEs) are increasingly looking at equity as an option for funding growth. Industry players say initiatives taken by the government and exchanges have made the equity fund-raising route more accessible for the country’s burgeoning SME sector, which is largely dependen…
India’s start-up policy among the best: Jayadev
Guntur MP Jayadev Galla has said India has a progressive start-up policy which helps the upcoming entrepreneurs in shaping up their dream projects without many hassles. The Central government has put in place a whole lot of support services and it is up to the entrepreneurs to tap the tremendous …
SMEs churning more revenues from exports through social media, technology: Report
Mumbai: Exporting revenue accounts for the majority of the total revenue for SMEs, a study by logistics and supply chain management giant, FedEx, revealed. In a study titled, “Global Trade in the Digital economy: Opportunities for Small Businesses”, FedEx states that 69% of Small and …
Making sense of information: Why MSMEs should try data visualisation
We are living in an era of Big Data and whether most people or organizations realize this, is immaterial. Data sources and types are being released every day. Yes, data storage and retrieval are important, but organisations ultimately should seek to use this information to make better business de…
Empowering Indian women will add millions of businesses, jobs: Facebook
As four out of five women in India wish to become entrepreneurs, the country is missing out on a potential 15.5 million new businesses and 64 million additional jobs by not addressing the challenges facing such women, a new Facebook study said on March 1. The study revealed that if just 52 per ce…
Broader market: Small is the new big
At a time when most sectors involved with the digital economy — including e-commerce, ride sharing, food technology — are trying to find stable ground, the booster shot provided by demonetisation to financial technology sector has allowed companies in this area to indulge in expenditure for expan…
Facebook’s growth accelerator has a thing to say to India’s small businesses
The small business in India enjoys a special place due to its major contribution towards the socio-economic development of the country.There are more than 2 million active small businesses pages on Facebook in India. In the last five years (between 2012 and 2016), the number of new women-owned SM…
The start-up hub that was once in contention to be India’s Silicon Valley is battling persistent storms
There is an alley going towards the washroom at Starbucks in Powai. Both male and female entrepreneurs have pitched their ideas to me while waiting their turn to use the loo. That is the kind of exuberance that existed back then,” said investor Sanjay Mehta, recalling the heady days of Mumbai’s s…
Shell unveils shortlisted start-ups of #makethefuture accelerator India
Shell has announced the top three shortlisted finalists for the #makethefuture Accelerator India 2017. The national level competition received a positive response with applications from over 50 bright energy start-ups. These start-ups were evaluated by an esteemed jury comprising of senior leader…