Blogs
KDEM plans to re-design, re-develop its website. Interested parties can participate.
Karnataka Digital Economy Mission is planning to redevelop, redesign its website and use external agenices to maintain the same.
Initially, the bids were requested by 5 May 2022. This has been further extended by 2 weeks for more companies to participate. Interested parties can contact the General Manager of Administrations at gm.admin@karnatakadigital.in
The scope of work can be downloaded and found in : https://karnatakadigital.in/wp-content/uploads/2022/05/KDEM-Website-scopeofwork.pdf
The Economic Times writes on Bangalore’s role in nurturing GCCs – Global capability centres: Incubate for innovation
In August 2019, Harvard Business Review published the article, ‘Digital Doesn’t Have to be Disruptive’ (bit.do/fwECZ) by Nathan Furr and Andrew Shipilov, which highlighted that best results come from adaptation rather than reinvention. The article describes how various companies have had to transform themselves as they were disrupted by ‘digital’ newbies.
What clearly stood out in Furr and Shipilov’s piece was that at the heart of every digital transformation was the customer. In the US, every industry is a target of disruption, putting immense pressure on US enterprises to continue to innovate. Most large US corporations have capability centres around the world, and these centres are driving innovation and the transformation agenda.
The Mecca for such capability centres continues to be India. At a time when the Indian government is focused on digital transformation, US President Donald Trump’s two-day visit to India should further open up opportunities in the emerging technology space, positively impacting capability centres in India.
Twenty years after Texas Instruments had set up its first ‘captive’ — now called global capability centre (GCC) — in Bangalore, more than 1,600 companies have followed suit. Over 60% of these companies are headquartered in the US. While the initial driver for setting up such capability centres was cost arbitrage, today US corporations are increasingly looking at these centres to source quality talent globally and drive innovation.
Read more at https://economictimes.indiatimes.com/blogs/et-commentary/global-capability-centres-incubate-for-innovation/
Global Startup Ecosystem Report 2020: Bangalore, Delhi, Mumbai rated among world’s top startup ecosystems
Two Indian cities on Thursday made it onto the top 40 of the world’s most favourable ecosystems to build a globally successful startup, topped by the Silicon Valley in California.
Bangalore was ranked 26th and Delhi 36th in ‘The Global Startup Ecosystem Report 2020’ by Startup Genome, with Mumbai topping a parallel “Top Emerging Ecosystems” ranking.
The Startup Genome report analyses cities around the world where early stage startups have the best shot at building global success.
“Delhi joins Bangalore in the list of top ecosystems, bringing the number of Indian cities represented up to two,” notes Startup Genome, a California-headquartered innovation policy advisory and research firm, in its report.
Bangalore stood out for high access to funding and Delhi ranked well for the volume and complexity of patent creation in the analysis, which found London and New York tied for second spot.
Access to capital, investment and global talent has fuelled London’s ascent to number two, up from number eight in 2012 when the first rankings were released.
“Today’s global report ranks the best cities where startups can build global success. Startup ecosystems outperform when their entrepreneurial community is not only open to but deeply integrated within the global startup community,” said J.F. Gauthier, Founder of Startup Genome.
“This is certainly the case for London, as it continues to play a central role in the global fabric of startup ecosystems and in only eight years has risen from number eight to a tie in second place.
“The Covid-19 crisis has accelerated the transition to the digital economy and has called for entrepreneurs to innovate faster,” he said.
The research found that the UK capital is among the top cities in the world to grow a globally leading company, with startups in London benefitting from high levels of global connectedness to other top ecosystems, and a flow of knowledge into the city which helps them to build global market reach.
London and New York also overtook Silicon Valley in the connectedness ranking, a factor based on the number of tech meetups in the ecosystem and a life sciences-focused measure of accelerators and incubators, research grants, and R&D anchors in the ecosystem.
Separate fDI Markets data found that London and India have shared strengths in technology and innovation, with London coming in as one of the most popular cities for Indian companies looking to expand internationally over the last five years, based on the number of projects.
Indian companies that have chosen London as the city to scale their business include ride-sharing unicorn Ola, which expanded to London last year, and IT giant Infosys, which recently opened its first design and innovation studio in the city’s tech hub.
Laura Citron, CEO at London & Partners, said: “It’s great to see the strength of London’s startup ecosystem being recognised once again and this result confirms what we already know: that London is a top place to start, grow and scale a business.
“It is home to so many exciting companies leading the way in innovation, and it’s been impressive to see the resilience and creativity of London’s businesses during these challenging times.
“I am confident in London’s position as a global startup hub as we move towards recovery from the current pandemic. With its strong connectivity to other centres we see lots of opportunities for London to share ideas and collaborate with cities around the world,” Citron said.
The Economic Times writes on Bangalore’s role in nurturing GCCs – Global capability centres: Incubate for innovation
In the run up to the Bengaluru Tech Summit 2020 — the flagship technology summit organised by the Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka — the launch of the Beyond Bengaluru initiative was announced. Beyond Bengaluru, which will be an integral part of the Bengaluru Tech Summit 2020, is focused towards building an innovation and technology ecosystem in the state of Karnataka.
The programme takes root in the new IT policy 2020 – 2025, which aims to boost IT penetration and innovation in the state holistically. The programme aims at enhancing growth in the IT /ITES, Business Processing Outsourcing (BPO), Electronic System Design Manufacturing (ESDM), and Telecom sector industries located at the upcoming cities of Mysuru, Mangaluru, Hubbali – Dharwad and Shivamogga.
The state’s efforts in building economic and industry clusters
Speaking at the launch of the initiative, Deputy Chief Minister Ashwath Narayan, who is also the Minister for Higher Education, Electronics, Information Technology, Biotechnology and Science & Technology, Skill Development, Entrepreneurship & Livelihood Department, Govt of Karnataka,said, “Beyond Bengaluru is a unique initiative by the Government of Karnataka in its efforts to boost IT penetration across the State and will be supported by strategic policy interventions and holistic economic development. The cities of Mysuru, Mangaluru, Hubbali-Dharwad and Shivamogga are foreseeing great investment opportunities and employment potential.”
Deputy Chief Minister Ashwath Narayan further noted that IT, Bt and ITeS sectors are the lifeline of the state and said that the state is working to enable better connectivity penetration to actualise the Beyond Bengaluru goal. He also added the National Education Policy 2020 has been a force multiplier. “When implemented, students passing out of educational institutions will be industry ready. The internship opportunities will also enable better industry-academic connection. All of this will cumulatively and positively impact the state’s efforts in building economic and industry clusters in the different parts of the state.”
Read the full story at: https://yourstory.com/2020/11/karnataka-beyond-bengaluru-initiative-innovation-technology-ecosystem