The BMC is in talks with IIT Bombay to open a technology business incubator (TBI) which would provide startups with the necessary infrastructure and mentoring to tackle civic issues with the use of new-age technology. While the civic body has zeroed in on a location in Andheri for the facility th…
Tag: IIT-Bombay
ONGC facilitates start-ups under government’s flagship programme
ONGC launched the ONGC Start-Up Fund on 14th August 2016. ONGC, SINE and IIT Bombay entered into a MoU to work together for incubating innovative ideas and business start-ups in the energy sector at the Society for Innovation and Entrepreneurship (SINE) of IIT Bombay. The Pitching Session to sele…
Speed hatching India Inc 2.0: What we can learn from Israel
In the 1990s, Israel faced a serious challenge. An influx of over a million ex-Soviet Jewish immigrants needed to be provided for, in rough economic times. The government of Israel launched the Technology Business Incubator Program. The goal was to arm the immigrants (who were mostly educated) wi…
Security tech start-up Seclore bags three deals from govt
Bengaluru: Security tech startup Seclore Technology, which provides enterprises with digital rights management solution, sees huge business opportunity in the Indian security space. The Sistema Asia Fund-backed startup has recently signed up with three security-based projects with the Indian gove…
Bizongo raises $3 mn from IDG Ventures, Accel Partners
Bengaluru: Bizongo, run by Smartpaddle Technology Pvt. Ltd, a marketplace where businesses can procure packaging materials, on November 4th said it raised $3 million in a Series A round of funding from venture capital firms IDG Ventures and Accel Partners, an existing investor. The Mumbai-based f…
Real estate start-up Azuro gets funding from Kae Capital, White Unicorn Ventures
Early-stage investment firm White Unicorn Ventures, Kae Capital and Mumbai Angels have invested an undisclosed amount in real estate management start-up Azuro. Azuro will use the funds to expand its operations across Mumbai, and invest further in building the technology. Mumbai-based Azuro, was f…
AppsDaily raises $3.75 mn from founders, others
Mumbai-based mobile protection and security firm AppsDaily Solutions Pvt. Ltd said it secured Rs 25 crore ($3.75 million) from founders and existing investors. The fresh capital would be used to finance growth plans, AppsDaily said in a statement. The company’s existing investors include Zodius C…
IIT-Bombay start-up incubator goes for expansion
Society for Innovation and Entrepreneurship (SINE), the incubation centre at IIT Bombay, is looking to expand its operations as it sees steep rise in number of student-start-ups vying for space. The 12-year-old incubator has 28 start-ups. It expects the number to rise to 50-60 by next year and to…
StartUp India gets a shot in the arm in Maharashtra
In sync with Prime Minister Narendra Modi’s StartUp India initiative, the Maharashtra government has freed the State Innovation Council from its clutches, making it an independent body with the prime objective to make Mumbai and Maharashtra the capital of start-ups. The state cabinet took a…