Vijay Anand, vice president (new ventures), Rural Technology and Business Incubator, at IIT-Madras, is the man behind incubating new ideas for rural India.
Winners were chosen from 200 applicants; made a pitch to 10 investors for Rs 10 lakh funding each against 8% equity.
Underscoring the need to boost the start-up ecosystem, the Reserve Bank on Tuesday said it will simplify rules and regulations which impede their growth and ensure that an entrepreneur does not have to run from "pillar to post" to start a business.
Saikat Ghosh, founder and CEO of Taskera says young entrepreneurs must be prepared to take risks and carve their own niche.
Hiring a legal expert will help you pre-empt crises and mitigate losses.
Though fundraisings for startups still rank amongst the biggest deals struck this year, the average ticket size has fallen sharply, says Una Galani.
Of the first 189 whose credentials have been probed from the 400 applicants till date, barely 30 make it - and only one qualifies for IPR benefits.
The setting up of STEAG is part of the Army's efforts to develop technologies considering the future battlefield, they said.
Here's how to know if you're on to something huge, or it is just a mirage. Read on...
Working for a start-up is not the career suicide it is made out to be. It is, rather, professionally and personally very rewarding.
Every entrepreneur should accept these truths before taking the plunge
The survey was conducted by Bengaluru-based start-up MyNoticePeriod.com.
India needs to grow at an annual rate of 9-10 per cent for around three decades and constant innovations to become a $35 trillion economy by 2047, India's G-20 Sherpa and former NITI Aayog CEO Amitabh Kant said on Sunday. "We are the fifth largest economy in the world and by 2027 we will surpass Japan and Germany to become the third largest economy in the world. "And our aim is that by the time we turn 100 in 2047, India should be a $35 trillion economy," Kant said while addressing a session at Mumbai Tech Week (MTW) hosted by Tech Entrepreneurs Association Mumbai (TEAM).
The joint venture will look at long-term, patient investments on solutions that don't lend to an IPO or exit on valuation basis.
If you don't design a winning culture, a culture will get created by default. And, most often than not, it's not pretty, says well-known Indian American venture capitalist, Desh Deshpande.
'We want to prove to the world that they will get the best code written from a small place like Wayanad.'
The final guidelines should be there in 3-4 months.
The proposals cleared by the DAC include new-generation anti-tank mines, air defence tactical control radar, heavy-weight torpedoes, medium-range maritime reconnaissance and multi-mission maritime aircraft, flight refueller aircraft and software-defined radios.
'You have to have commitment to both, but it has to be done at the individual level.'
Reliance Industries Ltd invested over $125 billion in the last ten years as it undertook massive expansion in hydrocarbon and telecom businesses, a report said, estimating that the conglomerate's investments in the next three years would be in relatively less capex-heavy retail and upstream new energy. Reliance is coming out of a series of long and intensive capex cycles (hydrocarbons and telecom).
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Interestingly, the survey found that 70 per cent of the founders had experience working at multinational companies before starting on their own.
The eyewear market in India is worth $3 billion.
Two empty bottles of a cough syrup were found in a Goa apartment, where a start-up CEO allegedly killed her minor son, indicating she may have given a heavy dose of the medicine to him in signs of a premeditated murder, even as she was subjected to psychological test to assess her mental state and help find the motive for the gruesome crime, the police said on Wednesday.
Rasna, which became a household name in the 80s and 90s and is still ruling the pre-mix market, is now looking at overseas franchise arrangements for manufacturing abroad. As part of the arrangement, the franchisee would invest in the plant and machinery and it would also take care of day-to-day operations. Rasna would supply the pre-mix, technical know-how and some financial support.
'There are multiple ups and downs.' 'You should be able to withstand all that.' 'You need to have the temperament to run a marathon.'
Modi will get the maximum chunk of the session time.
From defining job profiles to employee relations and grievance management, one cannot ignore the role of a human resource manager in a start-up, says Saurabh Deshpande
Anupam Pahuja, General Manager for Technology at PayPal Asia-Pacific in Singapore tells us what makes a successful start-up different from an average one.
Every start-up's dream is to become a unicorn.
In India, where it is tougher to do business, a start-up gets established by the Series-B stage, and it gets expensive for investors.
'If you yourself don't believe in the product, you will never be able to sell it.' 'If you have got the basics right, if you have understood the consumer needs well, success will always follow.'
Will they catch the next Google and Apple at the right time?
The lock-in would be for a period of six months.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
There's little interest in seed funding now as investors are finding it a risky proposition.
Amazon is working on deepening its engagement with young technology companies in the country.
Qualcomm, the global developer of wireless technologies and data solutions, will soon invest in Indian wireless communications and semiconductor start-up companies through its arm Qualcomm Ventures. It will focus on Indian start-ups and private companies that serve the mobile and semiconductor ecosystem in India through innovation in mobile application and platform software developers, semiconductor components, devices & service platforms & network infrastructure providers.
Overall, it has projected a 10.3% salary rise for India Inc in 2016 compared to 10.6% in 2015.
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
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