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The Innovation Fund announced in the interim budget could be a potential gamechanger for the innovation ecosystem in India. Such enablers are critical, as only 4.3% of private sector firms in India spend on research and development (R&D), which is low compared to the world average of 14% (World Bank data).

The Make in India initiative in space technology is a strategic approach to boost domestic manufacturing, innovation, and self-reliance in the space sector. The self-reliance in space technology caters to both the upstream and downstream sector.

In a testament to the burgeoning potential of India s travel industry, Kolkata based startup Ease My Vacations has secured a significant boost with a USD 3 million seed funding round. Founded in 2021 by Ved Anand and Cofounder Kaushal Kashyap, the company has rapidly gained traction in the competitive travel market with its innovative approach and customer centric services.

According to an official release, the Karnataka tech startup ecosystem holds the first position in India in terms of overall funding to date and in 2023. The state is believed to have a startup ecosystem, with more than 18,000 startups, and is also home to 39% of the unicorn companies in the country.

The Karnataka government on February 8 conducted a consultation meeting to discuss its proposal for a Knowledge, Healthcare, Innovation, and Research (KHIR) city. Karnataka s major industry and infrastructure development minister MB Patil reviewed a presentation prepared by the Boston Consulting Group (BCG) on the design of the proposed KHIRCity.

The startup funding for the latest week ended January 26, 2024, soared by 25 per cent on a week-on-week basis, marking the third consecutive week with funding exceeding USD 100 million. While this surge reflects an 8.97 per cent increase compared to the average of the last 5 weeks.

Microsoft Chairman and Chief Executive Officer Satya Nadella said that the Indian developers are making a major impact in accelerating Artificial Intelligence (AI) innovation globally. He said that the next generation of AI is changing how and what developers build everywhere, including in India.

Neodocs, a health technology startup that makes smartphone-based test kits, has raised Rs 16.6 crore ($2 million) in a seed funding round led by Omidyar Network India. Neodocs said it will use the funding to enter international markets after two years of operating in stealth mode.

From helping her single parent mother running a food truck India on Wheels in Pittsburgh to launching a tech startup after completing her education from the Oxford University, Indian American Bhavini Patel is now running for US House of Representatives.

AI Carpal Tunnel syndrome (CTS) is one such technology that is developed by the Neurology Department which is poised to revolutionize nerve ultrasound diagnostics. This technology redefines, diagnoses, and screens efficiently. It can identify the median nerve in ultrasound videos and detect CTS with the highest accuracy (95%) marking a significant leap in healthcare innovation.