Thailand pledges $1m to kick off Asean science development fund
After the first Asean Science & Technology Innovation (STI) Forum, held in Bangkok last week, Science and Technology Minister Pichet Durongkaveroj said the forum had come up with three plans to stimulate education in science and technological development in the region. “As host of the event, Thailand proposed providing $1 million in initial investment capital […]
University of Tokyo to invest in affiliated startups
The University of Tokyo will launch one of Japan’s largest university-tied investment funds by the end of the year, pouring up to 16 billion yen ($157 million) into affiliated startups in pharmaceuticals, materials and other fields with long timelines that tend to deter private investors. Pending approval from the education ministry, the university will put 23 […]
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 […]
Indian Govt inaugurates start-up incubation centre in New Delhi; to foster 50 new companies
India has attracted investment from 37 mobile manufacturing companies in last one year that have generated 40,000 direct jobs and 1.25 lakh indirect employment, IT Minister Ravi Shankar Prasad said. “We decided to make India a big hub of electronics manufacturing. In the last one year, 37 new mobile manufacturing units have come,” Prasad said […]
Tata’s $300m venture fund plans to invest in startups
Mumbai-bred Turakhia brothers turned billionaires as a group of Chinese investors acquired their ad tech startup Media.net for $900 million in cash, in what would be the third largest deal in the industry. The newly set up RNT Capital Advisers, a venture fund launched by Tata Sons chairman emeritus Ratan Tata, will deploy $300 million […]
China launches $30 billion state-controlled venture capital fund
China’s state council has approved a 200 billion yuan ($30.19 billion)venture capital fund to invest in innovative technology and industrial upgrading projects, the country’s state assets regulator said on Thursday. China has been encouraging its industrial firms to rise up the value chain through technical innovation and tougher efficiency standards, with the aim of creating […]
ONGC launches Rs 100 crore start-up fund to ignite new ideas
ONGCBSE 0.87 % has launched a Rs 100 crore start-up fund on its Diamond Jubilee year to foster, nurture and incubate new ideas related to oil and gas sector. The initiative, christened as ‘ONGC Start-up’, is in line with the government’s initiative ‘Start-up India’. As part of this initiative, ONGC will provide the entire support […]
Nomura-Keio University Fund Boosts Investment Target for Japan Startups
Keio University and Nomura Holdings Inc. increased the fundraising goal for their venture-capital partnership by 50 percent to 15 billion yen ($147 million) after demand from Japanese financial firms during the first phase of financing exceeded expectations. Keio Innovation Initiative Inc., founded by Japan’s oldest university and biggest brokerage, closed the first round last month with […]
Chinese Tsinghua to Start R&D Fund, 1,000 Incubators in Innovation Push
Tsinghua Holdings will invest no less than 50 billion yuan ($7.6 billion) in research over five years and set up a fund to help commercialize scientific discoveries, Chairman Xu Jinghong said in an interview. The company, a state-owned enterprise that was founded in 2003 by Chinese president Xi Jinping’s alma mater, Tsinghua University, kicked off two […]
Start Singapore: Fund to provide seed money
A fintech fund called Dymon Asia Ventures has been set up to invest in areas such as asset management, remittances and foreign exchange.The fund will provide seed finance and growth capital for business expansion. Dymon did not disclose its fund size or the potential investment in each start-up. The norm for investment community is to […]