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IN-SPACe launches scheme to provide seed funding to startups in urban development

IndianStartupNewsIndianStartupNews · 1y ago
IN-SPACe launches scheme to provide seed funding to startups in urban development
Medial

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has introduced a Seed Fund scheme to support startups utilizing space technology in urban development and disaster management. Startups selected for the scheme will receive up to Rs 1 crore in financial assistance, along with mentoring, training, and networking opportunities. The funding aims to help startups transform ideas into prototypes and leverage space technology. The last date for applications is December 20, 2023. Potential areas of innovation include urban planning, infrastructure management, telecommunication, climate monitoring, GIS, early warning systems, and search and rescue operations.

Enterprise SaaS investment makes a comeback — but not where you'd expect

TechCrunchTechCrunch · 1y ago
Enterprise SaaS investment makes a comeback — but not where you'd expect
Medial

The global market for software is growing rapidly, with software spend being the fastest-expanding segment of IT spend according to Gartner data. However, investment into enterprise SaaS startups has slowed in recent years. In 2023, venture investment into enterprise SaaS fell by 32% in terms of deal volume and 33.3% in terms of transaction value compared to the previous year. Despite this, there are some positive signs, with Q4 2023 seeing a 12% increase in total dollars invested compared to Q3 2023. Customer relationship management (CRM) was the leading growth category in Q4 2023, followed by supply chain management and knowledge management systems. The rebound in software investment can be attributed to factors such as improving net retention at software companies and the stock market rebound. However, startups still face challenges due to high average revenue multiples for public software companies.

Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch

TechCrunchTechCrunch · 7m ago
Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch
Medial

Jenny Fielding, co-founder of Everywhere Ventures and former Techstars managing director, sparked a conversation about the appropriateness of early-stage founders having executive assistants (EAs) to help them schedule. Some suggested using AI executive assistants, while others defended the need for human assistance. Fielding's point was that founders should focus on building a product rather than excessive spending. Seed investors, like Fielding, believe founders should spend their cash as they see fit, but early-stage VCs will still evaluate their cash management when it's time to raise the next round. Fielding also mentioned that certain titles and high salaries at early-stage startups can raise red flags for VCs.

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