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Government bodies have signed memoranda of understanding with Google, Facebook owner Meta and IBM to foster innovation and investment in the country, Parliament was informed on Friday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to Rajya Sabha said that the government recognizes the potential of emerging technologies and is actively working with the private sector to foster innovation and promote their utilization.

With India s exceptional web3 tech capacity and ability to build world class web3 products, this innovation fund stands to benefit the ecosystem and India as a web3 powerhouse, adding 1.1 trillion dollars to the economy Union Finance Minister Nirmala Sitharaman earmarking Rs 1 trillion innovation corpus in the Budget 2024 is certainly a very significant move to empower the tech community.

Ahmedabad: In a response to a question by Rajya Sabha member Parimal Nathwani, Som Prakash , Union MoS (commerce and industry ) said the number of recognized startups in Gujarat increased from 565 in 2019 to 3,291 in 2023 This also led to an increase in direct employment opportunities, from 6,077 to 48,138 in the same period

The Government with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging investments in startup ecosystem of the country launched the Startup India initiative on 16th January 2016. For attaining specic objectives, various programs are implemented by the Government under the said initiative.

TiE Pune in talks with institutional VC and PE investors Newly elected TiE Pune chapter president Ajay Bhagwat is in discussion with and taking steps to bring in ease of access to institutional VC and PE investors to help city-based startup founders. (Getty Images/iStockphoto (PIC FOR REPRESENTATION))

Setting the stage for constituency level startup meetups, Chief Minister Bhupendra Patel on Saturday inaugurated the Vejalpur Startup Festival in Ahmedabad. The initiative has been started at the behest of Vejalpur MLA and BJP leader Amit Thaker. Amid the presence of BJP colleagues and officials at the event, Thaker said that the festival was organised with the idea of it being for the youth of Vejalpur, by the youth of Vejalpur, and of the youth of Vejalpur .