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Showing posts with the label Indian startup

DIPP To Rank States On Basis Of The Success Of Their Startup Policies; Invites Feedback From Ecosystem Stakeholders

The Efforts Taken By The States Before March 2018 Will Be Considered And Final Ranking Will be Announced In June 2018   The Department of Industrial Policy and Promotion, DIPP is now inviting feedback from startup ecosystem stakeholders to rank the states and union territories on the basis of the success achieved in implementing their startup policies. A feedback mechanism has been opened on the  official website of Startup India . As mentioned on the Startup India website, the said stakeholders include startups, mentors, investors, accelerators, incubators and the government bodies. “For this exercise, all actions and initiatives undertaken by states on or before March 2018 will be considered. Some of the parameters, which was essential for states to have a well-defined startup policy running, include having a startup cell or helpline and a mobile or web portal to act as a one-stop-shop for all queries on starting up, the size of the mentor network created by the state g

8 Moments In 2016 That Changed India's Startup Ecosystem

Indian Prime Minister Narendra Modi gestures as he speaks during an event to launch an initiative to bolster start-ups in New Delhi on January 16, 2016 As we stand at the cusp of 2017, it's time to gather one’s thoughts regarding the year that passed us by. For startups in India, 2016 proved to be the year for consolidation and transition, where entrepreneurial mindset metamorphosed from a gold rush-like mentality into an ecosystem where preference is being given to quality over quantity. Even though the velocity of capital flowing in has slowed down, the quality of work being completed with was a tad higher. The spectrum of innovation by startups expanded across many verticals of the Indian economy. During the year, Indian startups experienced numerous moments that made this ecosystem vibrant and tested its inhabitants for survival; this resulted in a year that was rather a memorable one. Startup and Standup India This scheme was launched amidst a lot of fanfare on 16 Ja

Nothing lacking in Indian startup entrepreneurs, says Narayana Murthy

Infosys co-founder NR Narayana Murthy says the new breed of entrepreneurs is smart and energetic High valuations of new businesses are a byproduct of the free market mechansism, says infosys co-founder NR Narayana murthy One of India’s most celebrated entrepreneurial minds, NR Narayana Murthy co-founded the $9.5 billion information technology (IT) giant Infosys in 1981. Since then, the self-made billionaire (his estimated net worth is $1.87 billion, putting him at No 62 on the 2016 Forbes India Rich List) has had an accomplished journey as a business leader. He led Infosys as its chief executive for over two decades, until 2002. Then, after relinquishing his executive role for almost a decade, Murthy returned as executive chairman of the Bengaluru-based IT major in 2013, only to step down a year later when he exited the board as well.   The company he co-founded has not only created lakhs of jobs, but also made several of its staffers millionaires through its employee

This Indian IoT Product In China Shows How Factories Will Be Part Of The 4th Revolution

One of my fondest memories of growing up in a small town in India is making gashes in the bark of a tree on the way to school. The next day we would collect the gum which had seeped out. It was fun to use the natural gum to stick labels on our notebooks, even if it was messy. Later I graduated to industrially produced adhesives, from simple glue to quick fixes for broken objects. But it’s only recently that I learned about the sophisticated technology and precision manufacturing involved in adhesives for such critical products as the wings of aircraft. One of the leading manufacturers of adhesives of this kind is Henkel, headquartered in Dusseldorf, Germany. Its Dragon Plant (the name is a cultural homage to the plant’s sheer magnitude) in Shanghai, China, is the  world’s largest adhesives factory , and aims to be the smartest one, too. I was intrigued to discover how an IoT (internet of things) product made by an Indian startup, Flutura, in Bangalore is playing a transform