Corrit Electric, an electric vehicle startup, has raised Rs 5 crore in funding from Porush Jain. Previously, the startup announced that it raised $9 million in its Series A funding round. The fresh proceeds will be used to expand operations and further its research and development initiatives.

The Government with an intent to build a strong ecosystem for nurturing innovation and encouraging investments launched the Startup India initiative on16thJanuary2016. The Government unveiled an Action Plan for Startups comprising of schemes and incentives envisaged to create a vibrant startup ecosystem in the country.

Sustained efforts by the government under the Startup India initiative have led to an increase in the number of DPIIT recognised startups from over 300 in 2016 to 1,17,254, as on December 31, 2023. Specifically for the state of Tamil Nadu , there are a total of 7,559 DPIIT recognized startups as on Dec 31, 2023.

The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 7,559 startups in Tamil Nadu under the Startup India Initiative, the Union government said. This information has been provided by the Union Minister of State for Commerce and Industry, Som Parkash in a written reply in the Rajya Sabha on Monday, a release from PIB Chennai here said.

When Odisha celebrates 100 years of its formation as a separate province on linguistic basis in 2036, as many as 100 entrepreneurs from the land of Odisha will be leading the innovative startups of Rs 100 crores of valuation each, he added He commended the growing startup ecosystem in India, particularly in Odisha where 40 per cent of startups are led by women, urging collaboration and support from all stakeholders to nurture and expand this ecosystem

BioAsia, Asia s premier life sciences and healthcare forum, is set to kick off engaging discussions enriched with profound expertise in healthcare and technology. Celebrating its 21st edition, BioAsia stands as a testament to the pioneering collaboration between the government, academia and industry, sparking innovation and driving growth in the life sciences sector.

DevOps evolution; platform engineering, clickOps, and AI integration reshape software development DevOps has reshaped organisational structures, fostered open communication, and encouraged shared ownership and accountability It has even dismantled the notion of security as an afterthought and advocates for seamless integration in the development process from the onset

In the end, it is all about safeguarding the digital realm, says the proud founder at Amigo, Amit Singh, who started his career with a powerful resolute of combating cyber threats and safeguarding the security of people, professionals, companies, brands, and beyond. He also points out how cyber security companies must put innovation and expertise at the forefront to redefine cyber defence in the online driven world.

AlgoBharat, Algorand Foundation s India focused initiative, has announced the official launch of its Startup Lab program at THub, an Indian incubator. Reportedly, Startup Lab is a yearlong program that will offer technical and business mentorship and access to preseed funding to twenty select Web3.0 startups as they move towards product, market, and funding readiness.

Attentive.ai, a startup specializing in AI driven software for the landscaping and construction industries has been founded in 2017. Cofounders of Attentive.ai are Shiva Dhawan, Sarthak Vijay, Rishabjit Singh and Aishwarya Maurya. Attentive.ai plans to expand its customer base by enhancing its products and marketing efforts.

Abu Dhabi University (ADU) has signed a Memorandum of Understanding with Beirut Arab University (BAU) to boost students’ innovation and research skills in the field of health sciences. Through this MoU, ADU aims to provide its College of Health Sciences students and faculty members with access to high quality programmes that address the latest challenges in health sciences and facilitate joint activities that foster collaboration in academic research.

In a pivotal stride towards creating a sustainable future, NetApp, the intelligent data infrastructure company, furthered its longstanding partnership with Parikrma Humanity Foundation, an NGO committed to transformative education. Together they hosted the third edition of the Parikrma Innovations Conclave to inspire and equip children to become change agents by developing innovative ideas that contribute significantly to the global fight against climate change.

This trend of lower inflows into startups has accompanied an overall sharp decline in such funds into India, exacerbating the funding winter that continues to hurt homegrown companies, it said. In 2023, startups in Karnataka received a total funding of $3.4 billion as against $12.2 billion in 2022, according to data intelligence and private market research firm Traxcn Technologies.

Karnataka, which is home to more than 18,000 startups, has been witnessing a significant decline in funding. In 2023, tech startups in the state received only $3.4 billion funding, which is a 72% plunge from $12.2 billion it raised in 2022, and an 83% decline from $20.4 billion raised in 2021, reveals data from market intelligence firm Tracxn.

As per the current design, there will be eight floors for the hub. It will have a 5 lakh sq ft building that will come up on three acres of land on Technocity campus at Pallipuram. The building can accommodate around 1,000 startups, with construction costs totalling Rs 145 crore.

Union Education Minister Dharmendra Pradhan on Sunday launched an initiative of IITBhubaneswar s Research and Entrepreneurship Park, which is aimed at creating 100 startups with a valuation of Rs 100 crore each by 2036.

The 21st century has ushered in a plethora of technological marvels, reshaping our lives in profound ways. Technologies like self-driving cars, artificial intelligence, and more have not only enriched our daily experiences but also redefined societal norms.

“With the benefit of hindsight, 2021 was a crazy year, and you look back and see that there are many such cycles that have played out,” said Mukesh Bansal, cofounder of Myntra and Cultfit and also an angel investor. “For me, I find most joy in building outstanding products whether I put on a founder hat or an investor hat. Unfortunately, I can’t do a lot of it on my own now so I’m part nearing with great cofounders now.”

“With the benefit of hindsight, 2021 was a crazy year, and you look back and see that there are many such cycles that have played out,” said Mukesh Bansal, cofounder of Myntra and Cultfit and also an angel investor. “For me, I find most joy in building outstanding products whether I put on a founder hat or an investor hat. Unfortunately, I can’t do a lot of it on my own now so I’m part nearing with great cofounders now.”