Author: News Desk
Agricultural food ecosystem has a lot of opportunities for Startups, starting with the input supply with the supply chain which nurtures agriculture like fertiliser, hydroponics, the input systems, as well as the intermediary system and the output system, which is the retail chain networks. https://youtu.be/79VjWPPerZM Agriculture is moving in the following line, where a lot of precision binds into the input system, so that the data controlling the input system will be an area of interest. Secondly, fertigation technologies and the onsite technologies would have a lot of opportunities to offer. The processing sector, which brings the products on a…
The presidential administration of the East Asian nation stated on that the UAE will spend $30 billion in South Korea’s industries.Yoon Suk-yeol, the president of South Korea, made the announcement while on a visit to Abu Dhabi. The action is a part of both nations’ efforts to increase economic relations. UAE and South Korea’s strategic alliance According to Sheikh Mohammed bin Zayed Al Nahyan, president of the UAE, “We have determined a $30 billion investment based on the faith on South Korea which maintains pledges under any conditions,” according to Yoon’s office. The investment will concentrate on the nuclear power,…
For EyeROV, a KSUM-incubated robotic startup, it is a proud moment. The startup has won the National Startup Awards 2022 and received prize money of Rs 5 lakhs in the industry 4.0 sector under the category of Robotics. https://youtu.be/2F_8xFy-Iik Established by two IIT-ians- Johns T. Mathai and Kannappa Palaniappan- Eye ROV is a Kochi-based marine robotics company that provides products and solutions in the underwater domain. It is known for indigenous underwater drones/remotely-operated vehicles. Its product ‘EyeROV’, which is India’s first commercial underwater robotic drone, can spot a crack in the hull of a ship or damage to an oil pipeline. It has…
Telangana-based T-Hub has won the “Best Incubator in India” award at the National Startup Awards 2022. Union Minister for Commerce, Industry and Consumer Affairs Piyush Goyal distributed the award on National Startup Day. T-Hub emerged as the winner competing with 55 others. T-Hub was awarded for its contributions to the growth of the startup ecosystem in Telangana, innovation, and entrepreneurship. According to Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT), T-Hub became a national leader in the field. He believes that the incubator can serve as a blueprint for other organisations and create a…
While addressing the gathering after distributing the National Startup Awards 2022, Union Minister Piyush Goyal said that India now thinks like a startup, relentlessly focusing on newer and better ideas and striving to saturate them throughout the country to improve efficiency, effectiveness, productivity, transparency, and integrity of systems and processes. The Minister congratulated all the winners and said that the Award would inspire them further expand their horizons. Instituted by the Department for Promotion of Industry and Internal Trade (DPIIT), the National Startup Awards recognises and rewards outstanding Startups that provide innovative solutions which lead to large-scale employment and sustainable…
https://youtu.be/Pk0pvAuCl8I Revolt Motors has become a subsidiary of RattanIndia Enterprise Ltd. RattanIndia has acquired 100 per cent of Revolt Motors’ shareholdings.Revolt Motors is the highest-selling electric bike in India.It has a pan-Indian presence with 30 dealerships.Its manufacturing facility is located in Manesar, Haryana.Revolt’s flagship model RV400 is the most technologically-advanced bike in the world.RattanIndia aims to make Revolt Motors the largest EV two-wheeler company in India.
Top Chinese smartphone manufacturers are in talks with Indian contract manufacturers to take advantage of the latter’s approval status for its production-linked incentive (PLI) plan. This is in the midst of a significant campaign by the Indian government to encourage smartphone manufacturers in Asia’s neighbouring countries to include more domestic firms in their manufacturing ecosystem. Leading Chinese smartphone manufacturers, including Xiaomi, Oppo, Vivo, and Transsion, are reportedly in talks with PLI-approved companies like Bhagwati (Micromax), Lava International, UTL Neolync, Optiemus Electronics, and Dixon Technologies. Bhagwati Products Ltd., a division of Micromax, is in advanced negotiations with two Chinese companies, including…
In the next two months, Shillong will become home to the nation’s first centre of excellence for online gaming, which will encourage entrepreneurs and startups from the northeastern region to create the online gaming ecosystem of the future. Through the Software Technology Parks of India, Digital India Startup Hub will establish the centre. A state-of-the-art facility will be established under the National Institute of Electronics and IT (NIELIT) to provide training in cutting-edge digital skills in Shillong, according to Rajeev Chandrasekhar, the minister of state for electronics and information technology, skill development, and entrepreneurship, who was in Shillong.He continued by…
The Commerce and Industry Minister Piyush Goyal has launched the platform MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth), a portal for mentorship for startups across sectors and geographies. The portal will go live on January 16. The matchmaking phase of the portal will let startups connect with mentors and discuss their needs. During the event, the minister will also award outstanding startups that have shown exceptional capabilities in terms of financial gains and measurable impact on society. The winners will receive a cash prize of Rs 5 lakh each. Rs 15 lakh will be awarded to one outstanding incubator and one accelerator each.
According to a recent report by the New York Times, the micro-blogging platform Twitter is considering selling usernames to generate new revenue. Ever since the $44 billion purchase, Twitter owner Elon Musk has been looking for new ways to generate more revenue. Since his takeover, many advertisers left the platform. The company has been reducing its internal revenue projections. https://youtu.be/CfgCGOCKGsg The new tactics consider organising online auctions where people can bid for usernames. This has been in discussion since December. More details of the bid are not yet known. It is not clear whether the new move would affect all usernames or a few. In December 2022, Musk tweeted that Twitter would soon free up 1.5 billion usernames, hinting at…