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Rs 1,000 cr corpus set up for 'startup' schemes in UP: CM

Wednesday, August 30, 2017, 6:03 PM

Rs 1,000 cr corpus set up for 'startup' schemes in UP: CM

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.

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270 startups slugging it out for K'taka’s 100 most innovative startups

Tuesday, August 29, 2017, 5:37 PM

270 startups slugging it out for K'taka’s 100 most innovative startups

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.

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Microsoft Accelerator announces 11th start-up cohort

Wednesday, August 23, 2017, 7:32 PM

Microsoft Accelerator announces 11th start-up cohort

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.

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Cabinet nod for Rs 2,000 cr credit guarantee fund for startups

Monday, August 21, 2017, 2:20 PM

Cabinet nod for Rs 2,000 cr credit guarantee fund for startups

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.

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Centre pledges its full support for Startup Inc

Saturday, August 19, 2017, 8:27 AM

Centre pledges its full support for Startup Inc

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.

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Raje launches Jaipur-Kota flight, Rs 500 cr startup promotion

Friday, August 18, 2017, 6:38 PM

Raje launches Jaipur-Kota flight, Rs 500 cr startup promotion

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."

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India to become among attractive destinations for start-ups: Minister

Friday, August 18, 2017, 4:49 PM

India to become among attractive destinations for start-ups: Minister

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.

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Narendra Modi seeks growth roadmap from young entrepreneurs

Friday, August 18, 2017, 6:59 AM

Narendra Modi seeks growth roadmap from young entrepreneurs

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.

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Entrepreneurs seek continuity, ease of doing business

Thursday, August 17, 2017, 7:39 AM

Entrepreneurs seek continuity, ease of doing business

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.

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Google buys Indian-origin professor's health monitoring start-up

Wednesday, August 16, 2017, 11:50 AM

Google buys Indian-origin professor's health monitoring start-up

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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