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The first month of the year saw the Indian startups continuing to grapple with the so-called funding winter with a steep decline in monthonmonth funding inflow. Now well over a year old, January saw mass layoffs, a couple of companies shutting down, and a bunch of top-level exits kept the ecosystem on edge. In all this, Bhavish Aggarwalled AI startup Krutrim stood out by becoming a unicorn in a record time.

The Science Innovators Exhibition, organised by the National Innovation Foundation, showcased a few such innovations the prime minister referred to. Here are five of my favourites: For people who tend to forget about food cooking on their gas stove and get busy with other chores, here is a great device.

Now, India s startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a backer Sharma has put up a brave face even as nervous investors plundered $2 billion off Paytm s valuation after India s central bank ordered his banking arm to stop most of it operations from March 1 for persistent noncompliance and supervisory concerns

Now, India s startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a backer Sharma has put up a brave face even as nervous investors plundered $2 billion off Paytm s valuation after India s central bank ordered his banking arm to stop most of it operations from March 1 for persistent noncompliance and supervisory concerns

The Indian Institute of Technology (IIT), Jodhpur and AU Small Finance Bank (AU SFB), India s largest SFB have formally entered a Memorandum of Understanding (MoU) to drive innovation and foster collaboration in various domains of mutual interests.

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))