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15Jan By AnkitaNo Comments

INDIA

India Gets its Biggest Startup Incubator in Kerala

India got its largest startup ecosystem Sunday when Kerala Chief Minister Pinarayi Vijayan inaugurated here a 1.8-lakh-square-feet facility housing incubation set-ups across a string of segments in modern technology. The Integrated Startup Complex under the Kerala Startup Mission (KSUM) includes the ultra modern facilities of Maker Village that promotes hardware startups, the BioNest that promotes medical technologies, BRINC which is the country’s first international accelerator for hardware startups; BRIC which aids developing solutions for cancer diagnosis and care, and a Centre of Excellence set up by industry majors such as UNITY. Overall the Kerala Government is working for the state to have a total area of 2.3 crore sq ft of IT space (up from 1.3 crore sq ft last year). The o...

UP Govt Launch Incubation Centre in Greater Noida

22Jan By AnkitaNo Comments

INDIA

UP Govt Launch Incubation Centre in Greater Noida

UP Govt Union culture minister Mahesh Sharma has inaugurated an incubation centre at a business school in Greater Noida. "Such initiatives are making the youth empowered to give back to the society than being in the queue," Sharma said, while inaugurating the incubation centre at Birla Institute of Management Technology (BIMTECH) last night. BIMTECH was selected as Atal Incubation Centre, a Government of India's endeavour to promote culture of innovation and entrepreneurship, driven by Niti Aayog.During the event, the union minister called for going back to the society to leave a rich legacy behind. Under the programme, applications will be accepted for three different stages and the applicant would be provided financial support in the form of a grant-in-aid for a maximum of five ...

Know Why This NRI Chose Lucknow Over London For His Startup

10Nov By RishabhNo Comments

Story

Know Why This NRI Chose Lucknow Over London For His Startup

After Bangalore, New Delhi, Mumbai and other tier I cities, another city that is becoming a startup cluster is Lucknow! Lately, it has been much observed that the andaaz of Lucknow is treating startups well, with more companies trying to increase their penetration in the city of Nawabs. The startup ecosystem in Lucknow is now getting a major leg-up from not only Government sector, but also Private sector. Earlier, the state government had also created a corpus of Rs 1,000 crore to promote entrepreneurial ventures in association with the Small Industries Development Bank of India (SIDBI). With the advent of Metro, it's just a matter of a few years that the city will be a hub, sheltering huge opportunities. Besides, for entrepreneurs or to-be-entrepreneurs who are looking for opport...

Nirmala Sitharaman Asks MPs to Consider Setting up Co-working Space or Incubators in Their Constituency

29Jun By Press Trust of IndiaNo Comments

INDIA

Nirmala Sitharaman Asks MPs to Consider Setting up Co-working Space or Incubators in Their Constituency

Commerce and Industry Minister Nirmala Sitharaman has urged the Members of Parliament (MPs) to consider setting up co-working spaces or incubators for startups in their constituency. In a letter to the MPs, the minister has asked utilising the Members of Parliament Local Area Development Scheme (MPLADS) funds for such initiatives. "This step will promote the startup ecosystem in the country and help startups in their constituency make rapid strides towards establishing themselves and also create jobs," a commerce ministry statement said quoting Sitharaman. The 'Startup India' envisions building a strong ecosystem for nurturing innovation in the country and empowering the budding entrepreneurs to grow through innovation and design. She said the government has been making all-out...

18Jun By AnkitaNo Comments

INDIA

Indian Government Approved a Start-up Incubation Centre for Mangaluru

The Indian government has approved a start-up incubation centre for Mangaluru to provide basic facilities for people intending to set up self-employment units, Union Minister Nirmala Sitharaman said. The Centre would start functioning within four months with an investment of Rs 1.18 crore, she said. Facilities would be provided to 60 start-up companies at the centre in the initial phase, the Minister of state for for Commerce and Industry said after inspecting the site identified for the centre here last evening. The start-up companies could function here for a specified term and required facilities would be provided in the second floor of the corporation sub office. Kanara Chamber of Commerce and Industry, Nitte University, National lnstitute of Technology, Karnataka (NIT-K)...

IIM Bangalore Selects 15 Women Entrepreneurs For 1 Year Incubation Programme

26Feb By AnkitaNo Comments

News

IIM Bangalore Selects 15 Women Entrepreneurs For 1 Year Incubation Programme

The Indian Institute of Management Bangalore and Goldman Sachs today selected 15 women entrepreneurs and their ideas for incubation over next year as the final phase of its Women Startup Programme. his is a Goldman Sachs-backed customised online and classroom training programme designed to grow next generation of female entrepreneurs, Goldman Sachs said in a statement. The 15 women selected to incubate (their ideas) at IIMB will receive a fellowship of Rs 40,000 per month, while they further develop their business ideas. "Since 2008, through our 10,000 women initiatives, Goldman Sachs has been investing globally and in India in the economic empowerment of women through education and access to capital," Goldman Sachs (India) Chairman and co-CEO Sonjoy Chatterjee said. "The innovat...

Satoshi Studios, South East Asia’s First Blockchain Incubator, Opens Applications for 1st Batch

1Dec By PriyankaNo Comments

Story

Satoshi Studios, South East Asia’s First Blockchain Incubator, Opens Applications for 1st Batch

South East Asia has got its first blockchain incubator and it's started by the team behind GBMiners.com (South East Asia's largest bitcoin mining pool), and backed/invested by Amit Bharadwaj. The incubator is very aptly named Satoshi Studios and is inviting applications from entrepreneurs working in the South East Asia region. The incubator has a 3-month intensive residence program in New Delhi, India, where the founders will spend time with the GBMiners team and other blockchain startups and receive 50K USD in funding for 8%-15% equity in the company. "Our vision is to build New Delhi (India) as the Blockchain Knowledge Hub of Southeast Asia," says Amit Bhardwaj. Speaking on the topic, Amit said, "South East Asia and bitcoin adoption will be a very symbiotic relationship. The region is...

7 Indian Startups to Join Google Launchpad Accelerator Program

24Nov By PriyankaNo Comments

News

7 Indian Startups to Join Google Launchpad Accelerator Program

Tech giant Google today said it has selected seven startups from India that will join the third class of its Launchpad Accelerator programme. The shortlisted startups from India include an on-demand wardrobe rentals service (Flyrobe), furniture and appliances rental service (RentoMojo) and tutor help service (HashLearn). Other chosen startups include Curofy (a platform for doctors to discuss medical cases with peers), Happy Adda Studios (offers an Indian word game Jalebi), Playment (allows users to earn money for playing games) and Kapture CRM (helps businesses to do better lead management). These companies will join startups from Brazil, Indonesia, Mexico Argentina, Colombia, Philippines, Thailand and Vietnam as part of the programme, Google said in a statement. These startups wi...

Startup Incubator thinQbate Launches with its First Cohort of 6 Emerging Startups

24Oct By PriyankaNo Comments

News

Startup Incubator thinQbate Launches with its First Cohort of 6 Emerging Startups

The last year has been a landmark year for startups in India. As per the Nasscom report, India ranks third among global startup ecosystems with more than 4,200 new-age companies. Aimed at supporting this growth, thinQbate, a new thinking incubator launched in Mumbai today. Based on a community and entrepreneur first approach to angel investment and incubation, it hopes to create an ecosystem that will identify, nurture, and leverage on the success of a concept. thinQbate aims to help annual cohorts of fresh ideas and minds thrive by providing a physical space to work in, support from its expert partners and showcasing entrepreneurs based in thinQbate and through events, in-house & external, through the year. Focusing on the importance of providing a favorable ecosystem for the s...

Keralas Startup Village Ranked India’s Best Incubator

23Jul By NitishNo Comments

News

Keralas Startup Village Ranked India’s Best Incubator

Startup Village, the countrys first public-private partnership business incubator, has been named Indias best startup incubator. Startup Village is ranked number one in a first-of-its- kind comprehensive ranking by the India edition of Entrepreneur Magazine of the 100 best startup incubators in India (25 across sectors and 75 sector specific), a release said here. Last week, Startup Village entered its second phase with Kerala Chief Minister Pinarayi Vijayan launching the online platform SV.CO that aims to provide a fully digital incubation framework to five million students in 3,500 engineering colleges across the country, it said. "SV.CO is the next big iteration of Startup Village, to give a world class student startup ecosystem to all 5 million engineering students India, ...

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

1Jun By NitishNo Comments

INDIA

Telangana May Set Up T-Hub Incubator Outpost in Silicon Valley

Telangana government today said it may set up an outpost of T-Hub, its technological incubator, in Silicon Valley, United States. According to an official release, state IT Minister K T Rama Rao, who is currently touring the North American country along with some of the senior officials, today addressed a convention of investors and IT professionals. "We are going to set up T-Hub outpost (extension centre) in Silicon Valley. We need support and cooperation from TiE ( a Global net work of entrepreneurs) and investors from Silicon Valley," the minister said. T-Hub is a unique public/private partnership between the Telangana government, three of country's premier academic institutes (IIIT-H, ISB and NALSAR) and key private sector leaders. KTR further said besides IT, India provides ab...

Investopad Launched Its Third Centre In Bengaluru

22Jan By NitishNo Comments

News

Investopad Launched Its Third Centre In Bengaluru

As per report, Investopad a Gurgaon-based an early stage incubator has launched its third centre in Bengaluru. This centre will include 20 start-ups at a time over a period of six months, the company said on Thursday. Investopad, founded by Arjun Malhotra and Rohan Malhotra in 2014. They have opened two hubs in Delhi and Gurgaon before starting Bengaluru one. They incubated and invested nearly half a million dollars in companies like Zenatix, MyPoolin, Wealthy, Mavin and Octomatic among others in recent months. The platform helps entrepreneurs with resources in design, digital marketing and recruitment and connects them to other mentors and investors. Investopad made close to nine investments in the past year, plans to make close to 15 investments every year at the early stage in s...