President Pranab Mukherjee has said that putting entrepreneurship at the forefront of the economic agenda is the need of the hour during the first day of the Festival of Innovation at the Rashtrapati Bhavan in Delhi. The day concluded with a summary of the discussions in the global roundtable on …
Start Up India
Uber mentoring 50 startups via exchange programme
A clutch of startups on March 11 asked Uber’s global chief technical officer Thuan Pham how over-hiring could be avoided when building a company. “Ask what problem your company has to solve and find a person with the right skill-sets,” said Pham, who was addressing entrepreneurs…
11 tech startups graduate from RIL and MS-backed platform
Reliance Industries and Microsoft Ventures backed startup accelerator The GenNext Hub announced the graduation of 11 technology startups from the second batch of its accelerator programme. The GenNext Hub enables entrepreneurs to build their companies through an immersive, four-month-long program…
Govt relaxes norms under public procurement for startup MSMEs
Government relaxed procurement norms related to experience and turnover for micro, small and medium startups with a view to enabling these ventures to be part of its public procurement. From April 2015, all PSUs, central government ministries and departments have been directed to procure at least…
IIIT-Delhi receives Rs 1.5 crore seed funding from Delhi Govt
The Indraprastha Institute of Information Technology, Delhi (IIIT-D) has received funding of Rs 1.5 Crore from the Delhi government as per its incubation policy to promote entrepreneurship in the Capital. “The fund will be used to assist students aspire to become entrepreneurs. We positivel…
Online startup UpGrad ties up with LetsVenture to offer angel investing course
UpGrad, an online education startup co-founded by entrepreneur and private investor Ronnie Screwvala, has tied up with the online deal making platform LetsVenture to introduce an angel investing course. “In the discussions with LetsVenture, we realised that there are a large space of indivi…
VizExperts offers tech solution to defence
Gurgaon-based VizExperts’s startup story is that of a pivot from a software services company operating in the area of 3D graphics to that into a product company when it launched its revolutionary Digital Sand Model in 2011 after investing a couple of years into research and development. The…
Government raises fund limits to seed start-ups
The Department of Science and Technology (DST) may invest up to Rs. 1 crore in every fresh start-up that it will seed from the next financial year, Ashutosh Sharma, Secretary, DST said. The DST’s outlay for seeding has been increased four-fold—from Rs. 40 crore to Rs.180 crore—in the coming finan…
Zonnett looking for series A funding
Zonnett, a car maintenance platform, plans to raise about $5-10 million in Series A funding from venture capitalists and private equity funds, in exchange for a minority stake. The company, which at present operates only in Mumbai, will use the funds for expanding to other cities and for technolo…
Haryana Govt will sponsor 3 student teams’ start-up ideas
During the Happening Haryana Global summit which was held on 7th and 8th March, Haryana CM Manohar Lal Khattar and Industry and Commerce Minister Captain Abhimanyu Singh selected three teams of students after a competition that selected the best ideas for a start-up. The Haryana government has de…