Startups drive the sustainable economic growth and generate large scale employment opportunities for a country. Startups are driven by technology and innovation and prove to be the most effective instrument for a countries transformation. Indian startup structure has created millions of jobs in t…
Tag: IITs
Virtual reality startup ShilpMIS raises angel funding
Surat-based ShilpMIS Technologies Pvt. Ltd has raised an undisclosed amount in funding from Puneet Gupta, a digital industry veteran and angel investor, Nimitt Desai, partner at Deloitte US, and other high net worth individuals (HNIs), a top company executive told. Founded earlier this month by I…
2017 to be a better year for Indian start-ups: Qualcomm Ventures
Qualcomm Ventures, the venture investment arm of US-based chip maker Qualcomm Inc which has a USD 150 million India-focused fund, expects 2017 to be a better year for the startup ecosystem, especially early stage companies. “2016 was the hardest year, and that is behind us. 2017 will be a better …
Budget should raise the competitiveness of Indian manufacturing sector
The Indian manufacturing sector has the potential to elevate much of the Indian population above poverty by shifting the majority of the workforce out of low-wage agriculture. Manufacturing sector is the backbone of any economy. It fuels growth, productivity, employment, and strengthens agricultu…
Seven oil PSUs plan to set up Rs 100 cr start-up fund
Seven public sector oil companies—Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd, Hindustan Petroleum Corp. Ltd, Gail India Ltd, Oil India Ltd, Engineers India Ltd and Oil and Natural Gas Corp. Ltd—are coming together to launch a Rs.100 crore start-up fund shortly, said three officials who are …
DST commits 500 crores for PM’s vision on Startup India
NIDHI (National Initiative for Development and Harnessing Innovations), an umbrella program is pioneered by the Department of Science & Technology(DST), Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups. In order to reali…
To give fillip to startups government to double incubation centres
The government has embarked upon an ambitious project of doubling incubation centres in next 4-5 years to give innovation a boost. The Ministry of Science and Technology has also increased by a whopping 450 percent the budget for the start ups and innovation centric initiatives from Rs 40 crore t…
Entrepreneurship needs to be at forefront of economic agenda | Pranab Mukherjee
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 …