Finance Minister Nirmala Sitharaman unveiled the interim budget for the financial year 202425 on February 1. Along with the vote on account, she announced some major decisions and policy intent for the development of education and innovation, which have been received well by the edtech industry.

These government initiatives will foster increased participation of women in the startup ecosystem, thereby advancing gender equality within the workforce. This budget maintained an equilibrium between rural development and supply chain logistics enhancement. Sectors like tourism, previously dormant, are expected to witness revitalisation, fuelling job creation and supporting the growth of MSMEs and related sectors.

Fire Safe Build India (FSBI) 2024, the leading exhibition dedicated to passive fire protection solutions, kicks off today at the Jio World Convention Centre in Mumbai. Organized by Nuernberg Messe India, this landmark event is a must attend for builders, developers, specifiers, regulators, and public works officials, as well as professionals in Metro Rail, Oil & Gas, and Tunnel Engineering.

Startup funding in the last week of January 2024 went up by about 97% from the same period a year ago, totalling $93.8 million across 11 different deals. Companies, across seed, early and late-stages, had raised about $47.6 million across 18 rounds in the period from January 27 to February 2, 2023, as per data from Tracxn.

Diabetes management startup Sugar.fit recently announced raising $11 million funding in its Series A round led by MassMutual Ventures. Existing investors, Cure.fit (now Cult.fit), Tanglin Venture Partners, and Endiya Partners also participated in the round.

The fourth edition of the RePharma Summit 2024, themed Reinvent, Restructure, and Reform , served as a vital platform for Indian pharma sector leaders to deliberate on the transformative shift the industry is undergoing and how it is shaping the industry in the years to come.

At the heart of CADMECH lies an ensemble of brilliant minds the Research & Development team. These engineers, true virtuosos of innovation, tirelessly work on pioneering products, applications, and enhanced performance. Their commitment to devising efficient manufacturing processes and actively seeking feedback from clients exemplifies a dedication to constant improvement in both product and service quality.

From infrastructure and technological development, the budget looks to aid growth, provide long term financing and strengthen Make in India For business and industry, there were some significant announcements and it is clear the emphasis now is on innovation being the foundation of development

Announcements in the interim Budget 202425 with regard to deep tech and startups will significantly help boost India s innovation led economy, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said on Friday.

At the India Brand Conclave 2024, keynote speaker Deepak Subramanian, Executive Director Home Care, Hindustan Unilever Limited shared the story of creating purposeful brands. The good news is that there is a lot of material available. You just have to go online and google. There are lots of people who give you expert advice on how to build purposeful brands, he said as he started his session.

Another positive factor is the allocation of one lakh crore for R&D and innovation. Overall, this demonstrates a continued focus on fiscal consolidation and macroeconomic development, Nair added. Focusing on the revised estimate of the fiscal deficit, Murthy Nagarajan, HeadFixed Income at Tata Asset Management, said, the numbers look realistic as the assumptions are realistic.

As a key stakeholder in the pharma and biopharmaceuticals industry, I wanted this Budget to focus on research & innovation led economic growth. 1 lakh crore for long term financing at zero or low interest for sunrise domains. This is a welcome move, in line with the Prime Minister Narendra Modi s vision of Jai Anusandhan.

Velizy Villacoublay, France and Munich: Dassault Systemes and BMW Group have embarked on a long-term strategic partnership to develop BMW Group’s future engineering platform featuring Dassault Systemes 3DEXPERIENCE platform at its core. More than 17,000 employees across multiple engineering disciplines at the premium automobile manufacturer will rely on the 3DEXPERIENCE platform to accelerate the development of all vehicles, from their ideation to their production.

Summary the Birla Industrial & Technological Museum (BITM), a dynamic institution under the National Council of Science Museums (NCSM), Ministry of Culture, Govt of India, continues its mission to ignite a passion for science and technology among students while fostering a culture of innovation in society.

The automotive industry is transforming fast, and the latest innovation to hit it is a term called SDVs. Short for software defined vehicles, SDVs can manage their own operations, functionalities and enable new features entirely through software. In the past, cars were differentiated on mechanical features such as horsepower and torque.

The startup has reportedly been honoured as one of the Top 20 startups in the Northeast region of India, a recognition bestowed by the Northeast Entrepreneurship Development Programme (NEEDP), an initiative by the Ministry of Development of Northeastern Region, Government of India.

According to the company, Ask QX, is the first to have a node-based architecture and their model has 372 billion parameters. Its neurologically trained algorithms are built on a hybrid model i.e., 30% Large Language Model (LLM) and 70% Neural Network Architecture, setting a new benchmark in language comprehension and user interaction, the startup said.