India is the top region for innovation in Asia, as per a recent report. This might seem like excellent news, till we ask how much of this innovation is truly Indian? According to the Patent Office, over 70% of the patents filed in the country are by MNCs. Indian companies and academia share the r…
Tag: IT & ITES
Skill development panel report to be made public
The Centre is set to make public the findings of the report made by Sharda Prasad committee, which was formed by the government to re-evaluate the National Skill Development Mission. The committee has reportedly advised the skill development ministry to not only drastically reduce the number of s…
IndiBizForSale: start-up helps buy and sell start-ups
For Small and Medium Enterprises (SMEs) unable to sustain their business and looking for a quick exit, Ahmedabad-based start-up IndiaBizForSale is coming to the rescue. Launched in January 2014 with only 50 businesses for sale listed on its platform, the website receives more than 100,000 monthly…
North East sets up venture capital fund for startups
To encourage start-up ventures in the northeast region, the NEDFi in collaboration with the Ministry of DoNER, is setting up the “North East Venture Fund”, a dedicated venture capital fund for the region. The size of the fund would be Rs 100 crore which would be contributed by M-DoNER…
Make In India Week: Chhattisgarh pledge to MSMEs
The Chhattisgarh government on February 14 said it is providing new opportunities to MSMEs to prosper and also facilitating an “enabling eco system” for larger industries. The state government is currently focussing on sectors like agri-business, food processing, automotive, defence a…
Social Venture Capital sees 8 per cent rise during 2015
Social Venture Capital firms have invested about $95 million over 53 deals in India during the 12 months ended December, according to data from Venture Intelligence. Deal activity increased 8.2% compared to 2014 which had witnessed 49 such investments valued at $106 million. The larger sized inve…