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The track record of ACIC RISE Association in providing good incubation services to its startups by consistently helping entrepreneurs nurture, build and scale up their ventures played a major role in the association receiving this valuable grant.

ideaForge investor Celesta Capital is looking to invest in 1015 Indian startups engaged in semiconductor design and deep technology such as artificial intelligence in next to three years, the venture capital firm s senior partner Gani Subramaniam told FE.

Indian startups witnessed a significant fall in business funding in the first half of 2023 (January to June) by raising only Rs3.8 billion during the sixmonth period, a massive decline of 36% as compared to the fundraising in H1 of 2022. Last year, Indian startups raised Rs5.9 billion in the first half.

Speaking at the JIIF 6th Foundation Day and Investors/Startup Conclave in Hyderabad, he emphasized India s significant achievements in developing unicorns and startups. The minister highlighted their successful forays into emerging technology fields like AI, Web 3, and deep tech.

Jointly organised by the All India Council for Technical Education (AICTE) and Nanyang Technological University, Singapore (NTU Singapore) Sunday, the top winner in the startup category team Haqdarshak won for enabling 2.8 million Indians to unlock close to SGD (Singapore Dollar) 700 million in government welfare services.