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.
Friday, August 11, 2017, 7:04 AM
India and the US will co-host Global Entrepreneurship Summit (GES) at Hyderabad from November 28 this year and the American delegation will be led by US President Donald Trump's daughter Ivanka Trump. This was announced by Prime Minister Narendra Modi on Thursday. "The Summit is a unique opportunity for bringing together entrepreneurs and start-ups with global leader," Modi tweeted.
Thursday, August 10, 2017, 11:43 AM
Prime Minister Narendra Modi will interact with young entrepreneurs, including startup founders and CEOs, later this month to get their views on policymaking in the first such exercise in the country. The NITI Aayog has shortlisted 150 names each to participate in two meetings that the PM will chair: first on August-17 with young entrepreneurs and the next on August-22 with young CEOs.
Thursday, August 10, 2017, 8:14 AM
A total of over 130 internet start-ups have closed down operations in the first six months of calendar year 2017, with the e-commerce and foodtech space contributing to the deadpool the most. According to data analytics firm Tracxn Technologies, 19 retail e-commerce start-ups wound down and formed a significant part of the deadpool list this year.
Tuesday, August 8, 2017, 8:30 AM
Angel networks which serve as vital-link between startups scrounging for funds and faceless investors, are being scowled at by the financial market regulator. SEBI has shot off notices to at least half a dozen angel firms in the past one-and-a-half months, asking them to spell out details of their fund-raising business and explain whether they operate within the contours of the securities market law.
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