Deep tech requires a lot of patient capital, as the payoff is not the same as consumer internet or software-as-a-service (SaaS) sectors, says Narayanan
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Wednesday reiterated that the administration is committed to creating a start-up ecosystem and ready to provide access to capital and other resources to start-ups and investors. LG inaugurated 'Igniter' start-up festival of J&K organised by Jammu University in collaboration with J&K start-up association, Tourism department, J&K Bank and J&K Rural Livelihood Mission. The mega event has brought together various stakeholders and investors on one platform. "I strongly believe start-ups reflect the force shaping the economy in the networked age. University and college campuses are known as a liquid platform of ideas and the best we can do is to create an environment so that great ideas can be realized", Sinha said while addressing the function here. LG said that the administration is committed to creating a start-up ecosystem and is ready to provide access to capital and other resources, fostering innovation and ...
This is heartening to note as overall venture capital (VC) funding has been southward bound in the country
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The plan to set up this mechanism has come up at a time when the government has asked banks to play a more active role in financing startups
The index by the World Intellectual Property Organisation (WIPO) was released on Thursday and ranked 132 economies on the Innovation index
Issues final valuation rules for funding in unlisted startups for foreign and domestic investors
In the survey involving 12,400 startups, India is ranked fourth with 429 scaleups, after the US (7,184), China (1,491), and the UK (623)
He also underlined the Government's commitment to improving the ease of doing business in India, making it easier to start and run businesses
Founders, after building their own companies, have often sought to invest in newer startups
Byju's is hoping to earn between $400-$500 million from the sale of Epic, which is a US-based kids' learning company
Of the six global startups that will be presenting their five-minute elevator pitches at FORT North America 2023, two will be Indian, representing the fast-growing startup ecosystem in the country
Badri who was on an India visit said that Dubai has laid out an ambitious $8.7 trillion economic plan in a decade under the Dubai Economic Agenda D33
In which we munch over the week's platter of news and views
This comes amid a funding slowdown where startups, across the board, have found it challenging to raise capital
Companies expect foreign collaborations and technology tie-ups after Isro's successful mission
Prime Minister Narendra Modi on Tuesday said the policies of the government are providing support to the youth of the country and their strength has helped India become the third largest startup ecosystem in the world. Addressing the nation on the 77th Independence Day, he said the country's exports are growing and experts world over believe India's economy would continue its growth trajectory. "I believe in youth power, youth power is my strength... Our policies are giving more power to youth strength... The youth of the world are getting amazed by seeing the strength of Indian youth," he said from the ramparts of the Red Fort. Their strength has helped India become "the third largest startup ecosystem in the world," Modi added. The government has recognised as many as 98,119 entities as startups as on April 30 this year. These startups are eligible for availing incentives, including tax benefits under the Startup India scheme. Schemes like Fund of Funds for Startups, Startup Ind