Page 42 - Start- Ups

India gears up to grab a share of the AI market backed by govt support

However, many of the country's achievements in this space, such as development of the world's first neuromorphic chip that emulates the neurons and synapses in the brains, aren't well publicised

Start-ups to soon start getting capital from Uttar Pradesh Start-up Fund

The Uttar Pradesh Startup Fund is fast gaining traction and will soon start disbursing growth capital to the state-based entities. The fund has garnered interests from the country's leading alternative investment funds, including venture funds, a government spokesman said here on Friday. The spokesman added that SIDBI, the designated fund manager for the fund, has so far received four applications from AIFs for an aggregate amount of Rs 285 crore to create the initial corpus. The decision on these applications will soon be taken by SIDBI and the Startup Nodal Agency in its first Venture Capital Investment Committee (VCIC) meeting scheduled to be held this month, he said. The government has also released Rs 41 lakh to the Startup Nodal Agency to be disbursed to start-ups and incubators whose proposals were already approved by the Policy Implementation Committee (PIU), the spokesman said. He also added that the money will be disbursed to start-ups in the form of sustenance allowance

UP to promote start-up ventures of women, transgender entrepreneurs

The state has created a Rs 1,000 crore start-up fund to be managed by Sidbi

UP to set up Rs 150 cr start-up corpus fund with support from BHU, others

Under its new start-up policy the state govt aims to set up 100 incubators, with at least one in each district, including India's largest incubator in Lucknow

Uttar Pradesh MSMEs to get up to Rs 5 lakh aid under new start-up policy

MSMEs in Uttar Pradesh will get marketing assistance of up to Rs five lakh under a new start-up policy, a senior official said here Tuesday. New start-up policy 2020, aimed at extending support and encouragement to start-ups and incubation centres in Uttar Pradesh has been notified, said Additional Chief Secretary (Electronics and Information Technology) Alok Kumar. Under the new policy, there is a window of up to Rs 5 lakh as marketing assistance to MSMEs," he added. Kumar gave this information while addressing a virtual conference on "Role of Information Technology in transforming MSMEs' future during COVID-19", a PHDCCI release said. The conference had been organized by the Uttar Pradesh Chapter of PHD Chamber of Commerce and Industry. Kumar also said the Department of IT & Electronics is working hand in hand with SIDBI to facilitate venture capital funding for new start-ups and MSMEs. Focusing on the important role that IT is playing these days, Additional Chief Secretary, ..

Lumikai launches VC fund for gaming, interactive media start-ups

Lumikai, a venture capital firm focused on gaming and interactive media, on Monday announced a new early stage VC fund that will support up to 20 early-stage investments

BSE signs pact with Gujarat govt's iHub to help start-ups raise capital

Besides, the exchange will offer multiple benefits in terms of gaining visibility, branding, credibility and unlocking the value

STPI to launch incubator to promote research, startups in health tech

The Lucknow-based hub will nurture 50 start-ups over 5 years

Reducing farm wastage

New fund should help boost agricultural infrastructure

IFC to invest $10 mn in Endiya Partners Fund II for product start-ups

Endiya Partners is a seed and early-stageventure capital firm investing in IP-led Indian product start-ups that are globally relevant

For agritech start-ups, spring is in the air as funding rises amid Covid-19

Companies focused on farm technology are witnessing a surge in funding

Happy at RBI's decision to bring start-ups under priority sector: FM

Sitharaman says govt will soon be coming with taxpayers charter of rights which was announced in the Budget

Priority lending tag to provide new credit lifeline for young startups

Say banks will have to understand ecosystem's high-growth business model

Start-ups to get priority sector tag as RBI revises lending norms

It intends to align them with emerging national priorities and bring a sharper focus to inclusive development

Byju's acquires Mumbai-based ed-tech start-up WhiteHat Jr for $300 mn

Byju's has bought the company for $300 million according to DC Advisory (DC), which acted as the exclusive financial advisor to WhiteHat Jr on its sale to the Bengaluru-based education technology firm

TVS Motor plans Rs 300-crore capital expenditure amid Covid-19 pandemic

The company said it was planning to commercialise some of the intellectual properties (IPs) to be built by start-ups through the company's Singapore subsidiary.

Start-ups need to hack costs to cope with pandemic: MakeMyTrip's Deep Kalra

Says capital has become scarce and only a few businesses in areas such as health and remote learning are getting capital, but they are just 1-2% of the ecosystem

How tech start-ups are working to solve problems, challenges of agri sector

Themes such as farm-to-fork, factory-to-farm, financing and mechanisation enablers will be of significant interest in the coming months

Dunzo suffers data breach; users' phone numbers, email IDs exposed

Google-backed delivery services startup says clients' payment information was not compromised.

Zolostays raises $56 mn from Investccorp and others, eyes expansion

The funding round brings Zolo to $90 million raised in all