Wednesday, August 30, 2017, 6:03 PM
A day after stressing that 70-lakh jobs will be created in five years, Uttar Pradesh Chief Minister Yogi Adityanath today said his government has set up a corpus of Rs 1,000 crore to encourage startup schemes in the state. "We have created a corpus of Rs 1,000-crore to encourage startup schemes...we will sign a MoU with SIDBI by September-15 for this purpose," the chief minister said.
Tuesday, August 29, 2017, 5:37 PM
Two hundred and seventy startups from across Karnataka are vying for the top 100-slots in Karnataka government’s startup hierarchy. A slot would mean generous government support including mentoring and funding. Industry leaders such as KK Natarajan of Mindtree, Bhavish Aggarwal of Ola-Cabs, and TiE’s Ravii Gururaj are brainstorming with the startups to pick those 100 startups with disruptive ideas and help them turn their ideas into successful businesses.
Wednesday, August 23, 2017, 7:32 PM
Tech giant Microsoft on Wednesday announced its 11th cohort of 14 late-stage start-ups for its 'Accelerator' programme to help boost their enterprise readiness and go-to-market (GTM) activities. The start-ups cover diverse markets and sectors like GST-readiness, video processing, Natural Language Processing and Machine Learning, the company said in a statement.
Monday, August 21, 2017, 2:20 PM
The Department of Industrial Policy and Promotion's (DIPP) proposed credit guarantee fund for startups is likely to get Cabinet approval by September. The fund, with an initial corpus of Rs 2,000 crore, will be formulated to facilitate collateral-free loans up to Rs 5 crore for one startup. “We plan to give guarantee for loans worth Rs 15000 crore for startups,” a senior government official told.
Saturday, August 19, 2017, 8:27 AM
Key central ministers pledged the wholehearted support of the Narendra Modi administration for startups and announced measures to help entrepreneurs innovate in areas of national priority and overcome eligibility barriers in government contracts. Under the new General Financial Rules, the government will give priority to products from startups in official procurement, said Ravi Shankar Prasad, Union minister for electronics & information technology.
Friday, August 18, 2017, 6:38 PM
Rajasthan Chief Minister Vasundhara Raje today announced setting up of a Rs 500 crore fund for promotion of startups in the state as she also launched Jaipur-Kota flight services. Addressing the final session of a two-day congregation of startups, technology enthusiasts, banks, funding agencies and government departments, she said, "We are the first state to have such Rs 500 crore funds."
Friday, August 18, 2017, 4:49 PM
India is set to become one of the most attractive destinations for start-ups and businesses in coming years, Union minister Jitendra Singh said on Friday. According to the minister, the entrepreneurship potential of Indian youth is now being realised on account of the conducive environment created by the current government.
Friday, August 18, 2017, 6:59 AM
Prime Minister Narendra Modi on Thursday told a gathering of prominent Indian start-up entrepreneurs that the government is keen to work closely with young entrepreneurs in developing a roadmap for growth. “Policymakers in government are relatively senior. The group I am meeting today is young. I want both to work together for India’s good,” Modi told start-up chief executives in the capital.
Thursday, August 17, 2017, 7:39 AM
Entrepreneurs and startup founders pitched for continuity and predictability of pricing as well as ease of doing business, saying these were essential for growth and job creation. More than 212 entrepreneurs and startup founders from the financial, education and health sectors brainstormed on Wednesday, to chart out a plan for New India, which will be presented to Prime Minister Narendra Modi on Thursday.
Wednesday, August 16, 2017, 11:50 AM
Google has acquired Senosis Health, a Seattle-based health monitoring start-up founded by University of Washington Professor Shwetak Patel, the media reported. The start-up turns smartphones into medical devices and collects various health stats, The Verge reported. Using functions on a smartphone including its accelerometer, microphone, flash and camera, the Senosis apps can monitor lung health and haemoglobin counts, among other things, the report said.
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