Punjab to set up innovation mission, fund to promote start-ups

The Punjab cabinet on Wednesday gave its nod for setting up Punjab Innovation Mission and Punjab Innovation Fund to give further impetus to the start-up ecosystem in the state. The Punjab Innovation Fund of Rs 150 crore is proposed to be set up to invest in early-stage start-ups in the state. The government”s participation in […]

Lowe’s Innovation Labs launch CONSTRUCT, its new startup accelerator program in India, and announces members of inaugural cohort 

Lowe’s Innovation Labs, the innovation hub of FORTUNE® 50 retailer Lowe’s Companies Inc., today launched the first Indian cohort of its signature, stage-agnostic startup accelerator program, CONSTRUCT by Lowe’s Innovation Labs. Seven startups from across India, representing a diverse range of interests including merchandising, AI-driven trend forecasting, automated content generation, talent acquisition, hyper real AI […]

Boeing launches ‘HorizonX’ startup accelerator programme 

Global aircraft manufacturer Boeingannounced the launch of the Boeing HorizonX India Innovation Challenge 1.0—a three-month accelerator programme for startups working in the area of aerospace innovation in India. “The Boeing HorizonX India Innovation Challenge 1.0 is our attempt to channelize India’s incredible talent and entrepreneurial energy for the future of innovation in aerospace and related areas,” said Pratyush […]

Zone Startups India floats early-stage VC fund to back tech startups, backed by Ryerson University

Mumbai-based technology startup accelerator Zone Startups India has launched an early-stage venture capital fund to back software startups with a focus on mobile technology and enterprise tech. Christened as Zone Startups India Fund, the fund is backed by Toronto-based startup accelerator Ryerson Futures, the investment arm of Ryerson University and the Chokhani family office. Citing […]

India Govt aims at job creation through venture capital funding of MSME

The state government has prepared a strategy to give fresh impetus to the small and medium scale industrial sector which is credited to play an important role in providing job opportunities and remove regional imbalances. The department of small-scale industries and export promotion is in the process of creating a dedicated venture capital fund to […]

Start-up funding fest to be held in Bengaluru, India

Natio Cultus Consultancy will conduct a start-up funding event, India Fund Fest, in Bengaluru on May 12. As many as 50 start-ups will get an opportunity to pitch before investors in the maiden edition of the festival. The firm is also planning to take the festival to Hyderabad and Lucknow. The second edition will be […]

3 eminent alumni fund innovation centre at IIT-Madras

IIT, Madras on Wednesday unveiled its centre for innovation and entrepreneurship which will pave the way for more teaching, research, product development and policy-making initiatives.Named the `Gopalakrishnan-Deshpande Centre’ (GDC) after three of its wellknown alumni, it has an initial funding of $1 million from Infosys vice-chairman Kris Gopalakrishnan and venture capitalists Desh Deshpande and Jaishree […]

Former INSEAD students set up $700K fund to invest in alumni start-ups

Two INSEAD alumni have started a new investment firm called InseadAlum Ventures in Singapore with a capital of nearly $700,000 to invest in start-ups founded by ex-students of the international business school. InseadAlum Ventures will invest between $35,000 and $140,000 in each start-up and will help develop it to a point where it can raise […]

Qualcomm invested $23 Million In 5 Firms From India Venture Fund

Qualcomm on Monday said it has already invested $23 million (about Rs 150 crore) in five companies from the $150 million venture fund, which the electronics chip major had announced for India last September. Asked about an update on the company’s India investments, Qualcomm’s Executive Chairman Paul Jacobs, who met Telecom Minister and IT Minister […]