New Delhi will most probably host a Commonwealth SME (small and medium-sized enterprises) summit in May as the next stage in a bid by the 52-nation association to evolve an ease of trading accord, which is aimed to be formally announced at the Commonwealth Heads of Government Meeting (CHOGM) in L…
Start Up India
Advantages of Indian SaaS start-ups over their US counterparts
Software-as-a-service (SaaS) is easily a popular narrative in India’s startup ecosystem. While successful SaaS firms, such as Salesforce and Freshdesk, have made horizontal play in SaaS a strong focus, over the last 3 years, vertical SaaS product launches have overtaken horizontal ones, a survey …
Intel invested in five self-driving start-ups
Intel Corp, which on March 13 announced the proposed $15.3 billion acquisition of Mobileye NV , had invested in at least five startup companies working on self-driving vehicle technologies. Among the startups funded in part by Intel Capital, the chipmaker’s venture capital arm, are: LISNR, …
Govt’s credit guarantee scheme to give start-ups a loan lifeline of up to Rs 5 cr
Start-ups will soon be able to take loans of up to Rs 5 crore without collateral through a credit guarantee scheme prepared by the government. The scheme is awaiting cabinet approval and is likely to become functional soon under the supervision of the Department of Industrial Policy and Promotion…
Tata Trusts, Lockheed Martin & DST join hands to invest $2mn in tech-based social start-ups annually
Tata Trusts also finally seems to be embracing the advent of technology in every aspect our lives. In addition to NGOs, the organization now plans to add start-up investments to its portfolio in collaboration with aerospace behemoth Lockheed Martin and the Department of Science and Technology (DS…
NMAMIT & NIT-K chosen as India’s first start-up district
NMAM Institute Of Technology, under Nitte University and NIT-K, Surathkal have been chosen as India’s first start-up district with incubators by Ministry of Commerce and Industry. Nirmala Sitharaman, Minister of State for Commerce and Industry, who took initiative of making Dakshina Kannada…
If you’re a budding entrepreneur, here’s how GoI’s Startup India Learning Program can help you
With a view to encourage entrepreneurship in the country, the Government of India launched the Startup India Hub in 2016. The organisation that supports and provides resources for emerging business enterprises has come to the spotlight with the success of its newly-launched learning and developme…
How would start-up culture facilitate digital disruption in India?
India’s digital transformation is being emphatically driven by the government’s myriad initiatives to promote the startup culture. Resultantly, India is ranked among one of the top digitally mature economies with a vibrant ecosystem. Digital disruption in India The sense of urgency to embrace the…
No good start-up will starve to death: Sanjay Swami of Prime Venture Partners
Prime Venture Partners, formerly Angel Prime, is a venture capital fund that focuses on early-stage start-ups, and looks for companies that don’t just need capital but also mentoring. Prime has a number of investments in the fintech space, and it’s well-known for its highly-engaged ap…
DoT launches TEN Square to incubate start-ups in ICT
The Department of Telecom along with Telecom Centers of Excellence and C-DoT has set up TEN Square to incubate start-ups in the field of information and communication technology. “Department of Telecom along with Telecom Centers of Excellence (TCOE) India and C-DoT has set up Telecom Entrep…