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Indian-born entrepreneurs account for the largest group of immigrant founders of billion-dollar companies, or unicorns, in the US, according to a new study by the National Foundation for American Policy (NFAP). The US-based non-profit organisation found that 96 American unicorns were founded or co-founded by entrepreneurs of Indian origin. Among them is Perplexity AI, co-founded by Aravind Srinivas, which ranks 12th with a valuation of USD 20 billion. According to the study, India tops the list of countries of origin for immigrant founders of US unicorns with 96 companies, followed by Israel (60 unicorns), the United Kingdom (47), China (41), Canada (30), Russia (23), France (21), Germany (18), Ukraine (16), Australia (14), Pakistan (10), and Romania (10). The NFAP study, titled "Immigrants and US Billion-dollar Companies" and authored by Stuart Anderson, found that immigrants have founded or co-founded 59 per cent (455 of 775) of America's privately held startup unicorns. The ...
Several Estonian tech startups from diverse sectors such as AI, cybersecurity, defence and medicine have evinced interest in collaborating with India and tapping its huge market as the two countries seek to step up their economic partnership. Latitude59, an influential startup and technology conference that takes place here annually, is also keen on hosting a networking event in India next year under its aegis. Speaking with PTI, Latitude59 CEO Liisi Org said, "I love India, I have been there many times and I would love to host Latitude59 there. I don't know yet, where. There are conversations going on at various tech centres but of course if we don't do it, we are late to the party. India is one of the biggest countries in the world, if we don't collaborate with India, it is not smart." The interest is there in India because of the size of the market and the Indian delegation has been at Latitude59 five years in a row, she said. "The relationship is there and we should do somethin
The Himachal Pradesh state government will be providing funding of up to Rs 5 lakh per proposal to young entrepreneurs under the HIMUDA Start-up and Student Innovation Policy, to boost economic growth and to generate employment opportunities. This was stated by Town & Country Planning Minister Rajesh Dharmani while he chaired a review meeting of the Himachal Pradesh Housing and Urban Development Authority (HIMUDA) on Saturday. During the meeting, the minister said that the policy aims to build a strong ecosystem for innovation and start-ups in the state. "Keeping in view the geographical conditions of the state, the government was also exploring the possibility of funding start-ups related to disaster management under this policy", said Dharmani. He said that the projects of HIMUDA were aimed not only at meeting the housing needs of the people but also at creating new sources of revenue for the state. "Given the rapid pace of urbanisation, urban development has become a vital ...