Thiruvananthapuram: Ahead of the release of the Kerala IT and Startup policy, which is expected to be finalized in two weeks, Kerala Start up Mission (KSUM) plans to create an angel fund for state-specific startups with a total corpus of Rs 30 crore. “The state IT and startup policy is expe…
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Start-up migration: In Bengaluru, Keralite entrepreneurs find a safe domain
Varun Priyan, Founder of VRnxt, a Kochi-based start-up focusing on Augmented Reality and Virtual Reality (AR/VR), had big ambitions while developing a mobile-based VR tool for property dealers and automobile dealers. But now, his dreams are in tatters. After initial success, he has been finding i…
Non-tech companies acquiring tech start-ups rather than starting a software division from scratch
Harpreet Grover was at a crossroad last year -go it alone or get acquired. His hiring assessment company, CoCubes, which had 600 customers and $2 million in funding from Ojas Ventures, was in acquisition talks with HR consultancy and long-term customer, Aon Hewitt. But a private equity fund was o…
Govt keen to fulfill PSUs’ purchase target from MSMEs
The Union ministry of Micro, Small and Medium Enterprises (MSME) is working for Public Sector Enterprises to achieve the target of 20% procurement of their annual purchase from Micro and Small Enterprises (MSE). Inaugurating the three-day Vibrant SME 2016 Industrial Expo and Growth Forum in Chinc…