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News on Medial
Genrobotics chosen among top three Indian startups at global AI summit
Economic Times
·
1y ago
Medial
Genrobotics, a Kerala-based startup known for using technology for social impact, was recognized among the top three AI startups in India at the Global Partnership on Artificial Intelligence (GPAI) Summit 2023. The company's G-gaiter Robotic Technology, an AI-powered robotic gait trainer for rehabilitation, won the award in the 'AI Game Changers' category. Genrobotics was acknowledged for its innovation in healthcare, helping individuals regain mobility after conditions like stroke or spinal injury. The technology has already received other accolades, including the Medicall Made in India Innovation 2023 Golden Award.
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Britain limits AI summit guest list to 100 invitees, excludes startups
Economic Times
·
1y ago
Medial
The upcoming global artificial intelligence (AI) summit in Britain will only be attended by 100 politicians, business leaders, and academics, excluding prominent AI startups. The exclusive event, organized by co-founder Matt Clifford, aims to yield substantive outcomes with every attendee actively participating. The chosen guests are expected to include cabinet ministers, CEOs of AI companies, academics, and representatives of international civil society. The event, scheduled for November, is part of Prime Minister Rishi Sunak's ambition to position Britain as a global leader in AI regulation.
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AWS selects seven Indian Gen AI startups for global accelerator
YourStory
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11m ago
Medial
Amazon Web Services (AWS) has chosen seven Indian Gen AI startups to participate in its AWS Global Generative AI Accelerator program. The selected companies are Convrse, House of Models, NeuralGarage, Orbo.ai, Phot.ai, Unscript AI, and Zocket. These startups have been recognized for their use of artificial intelligence and their potential for global expansion. They will have the opportunity to present their solutions at AWS' re:Invent event in Las Vegas. AWS has invested $230 million to support startups worldwide in developing generative AI applications. In India, AWS has supported generative AI startups through initiatives like the AWS GenAI Loft in Bengaluru.
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From algorithms to unicorn ambitions: The AI scale blueprint for India’s startups to be unveiled at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
·
1m ago
Medial
The ET Soonicorns Summit 2025 in Bengaluru will focus on the pivotal role of artificial intelligence in transforming soonicorns—high-potential startups—into unicorns. The event will discuss AI investments, the development of Indian large language models, job impacts, and ethical considerations, providing a roadmap for AI-driven startups. With India hosting 121 unicorns, the summit will cover AI's contribution to scaling startups, culminating in discussions about India's ability to challenge global AI leaders.
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India’s billion-dollar AI blueprint: Pratilipi, Zolve, Stellaris, and Google DeepMind to unveil scaling secrets at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
·
1m ago
Medial
The ET Soonicorns Summit 2025 is set to take place in Bengaluru, focusing on how Indian startups can scale AI innovations to hit billion-dollar valuations. Despite a dip in funding in 2024, resilience and innovation continue, with key panels discussing the essential strategies for scaling Indian AI startups on a global level. Key topics include capital acquisition, building AI talent, IP ownership, and entering global markets, aiming to redefine India’s AI startup scene.
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ET Soonicorns Summit 2025: India’s largest gathering of soonicorns returns with AI at the core - The Economic Times
Economic Times
·
2m ago
Medial
The ET Soonicorns Summit 2025, the largest gathering of soonicorns in India, is set to take place in Bengaluru on August 22, 2025. It will focus on scaling Indian AI startups, with themes including AI infrastructure, funding trends, and go-to-market strategies. The summit aims to explore how AI is influencing economic growth and startup scaling, featuring top founders, investors, and tech leaders. Sessions will cover AI investments, scaling strategies, and founder insights.
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Karnataka government selects 101 startups under Elevate, offers Rs 25 crore in seed funding
Economic Times
·
5m ago
Medial
Karnataka’s Elevate 2024 initiative has selected 101 startups, providing Rs 25 crore in seed funding. Of these, 42 are women-led, and 36 are from outside Bengaluru. The initiative aims to position Karnataka among the top three global startup ecosystems. Since inception, Elevate has disbursed Rs 249 crore to 1,084 startups. Highlights include focus on the AVGC sector and support for inclusive growth with 17 rural innovation startups identified.
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Indian startups raised $2 Bn amid shutdowns, mass layoffs in Sep quarter
Entrackr
·
1y ago
Medial
Indian startups raised $2 billion in funding across 226 deals during the third quarter of 2023, according to data compiled by TheKredible. This quarter saw the lowest funding in the past three years, and it was also marked by layoffs and shutdowns. Bengaluru emerged as the top city for deals, followed by Delhi-NCR. E-commerce startups dominated the sector-wise deals, with fintech, SaaS, healthtech, and AI also featuring prominently. Inflection Point Ventures and WeFounderCircle were among the most active investors in Q3.
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InMobi’s Mohit Saxena on building an indigenous tech stack in the AI age at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
·
1m ago
Medial
Mohit Saxena, Co-founder of InMobi, is set to explore India’s potential in building its AI-native tech stack at the ET Soonicorns Summit 2025. The discussion will cover key themes such as original tech thinking, infrastructure challenges, and AI integration in foundational software architecture. Saxena emphasizes the importance of India overcoming its reliance on global tech entities and nurturing indigenous innovation to build scalable, purpose-built tech for future AI startups. The Summit aims to fuel India's innovation and growth ambitions.
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LP Summit Dubai 2024: Digitalization to lead UAE’s investment strategy, say panellists
VCCircle
·
11m ago
Medial
- UAE is shifting its investment strategy towards manufacturing and technology, moving away from its traditional oil sector. - The country aims to unlock its potential in fast-growing technologies like artificial intelligence (AI) and recognizes the importance of these technologies in driving economic growth. - The VCCircle LP Summit 2024 in Dubai featured panellists discussing the digitalization and investment strategies of the UAE. - Ayas Al Gul, Group Finance Director at United Technology Holding, and Marwan Jassim Al Sarkal, Managing Partner at Chapter 3 LLC, were among the speakers at the summit. - The summit highlighted the UAE's commitment to embracing innovative technologies and diversifying its economy to stay ahead in the global market.
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Funding is no longer a major issue for startups in India: Paytm’s Vijay Shekhar Sharma
Economic Times
·
4m ago
Medial
Vijay Shekhar Sharma, CEO of Paytm, stated that funding is no longer a significant issue for Indian startups, with capital availability improving. Speaking at the TIE Delhi-NCR summit, Sharma highlighted that India’s startup ecosystem is recovering from the 2023 funding slowdown. He noted a shift, with startups actively recruiting talent domestically. Sharma emphasized the role of AI in democratizing knowledge and urged Indian startups to innovate beyond delivery platforms into sectors like AI and robotics.
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