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AIC T-Hub selects 20 startups for healthcare program’s 5th batch

EntrackrEntrackr · 3m ago
AIC T-Hub selects 20 startups for healthcare program’s 5th batch
Medial

AIC T-Hub selects 20 startups for healthcare program’s 5th batch. Startup incubator T-Hub in collaboration with Atal Innovation Mission (AIM) has announced the launch of the 5th cohort of AIC T-Hub Healthcare Program. The program has selected 20 promising startups from a competitive pool of over 209 applications. As per T-Hub, this three-month hybrid program is designed to accelerate innovation in MedTech, digital health, and healthcare accessibility by providing startups with mentorship, market access, investor engagement, and regulatory guidance. Among the selected startups are Artyem Care, Bioscafil, Chqup, Cloud Palliative Care, Dag2IL, Epirelief, Dr. DICOM (GLOCAL DIGITAL), Kashi Medicos, Nahush Pharma, Oui Medical, Planytics, Reyansh Technologies, Sigma Mozak, Signel Biomedical, Skinska, Tap Health, thebabyland, TurocratesAI, 365Veda, and Warkas. These startups were selected based on their proof-of-concept readiness, technological innovation, regulatory compliance preparedness, market potential, and the strength of their founding teams. Through this program, startups will gain access to leading hospitals and healthcare institutions for real-world validation and pilot studies, ensuring their solutions are market-ready and clinically viable. Additionally, by engaging with venture capitalists, healthcare firms, and policymakers, startups will have opportunities to forge strategic partnerships and secure funding. Since its inception, AIC T-Hub has supported 53 healthcare startups across four previous cohorts in MedTech, digital health, and healthcare accessibility. These startups have collectively raised over Rs 60.46 crore in funding from investors and grants, facilitated more than 180 market access opportunities with hospitals, corporates, and healthcare institutions.

Big Tech coalition seeks 12-18 month extension to comply with India's DPDP Act

Economic TimesEconomic Times · 1y ago
Big Tech coalition seeks 12-18 month extension to comply with India's DPDP Act
Medial

The Asia Internet Coalition (AIC), representing Big Tech companies like Meta, Google, Apple, and Microsoft, has requested the Indian Ministry of Electronics and Information Technology to extend the compliance deadline for certain provisions under the Digital Personal Data Protection (DPDP) Act, 2023. The group states that complying with these provisions would require significant challenges and structural changes for organizations. They argue that businesses would need to make fundamental changes to their technology architecture and conduct time-intensive data mapping exercises. The AIC requests coordination and harmonization to ensure a seamless transition for data principals, fiduciaries, and processors.

2am VC launches Fund II to invest in 30 Indian startups

EntrackrEntrackr · 3m ago
2am VC launches Fund II to invest in 30 Indian startups
Medial

2am VC launches Fund II to invest in 30 Indian startups 2am VC, an early-stage India-only venture capital firm, has announced the formal launch of 2am VC Fund II. The fund will invest in innovative areas generated by the New India opportunity, including startups in consumer tech, fintech, food & beverage, AI, and global SaaS. According to 2am VC, Fund II plans to invest in up to 30 Indian startups, predominantly at the pre-seed to seed stage, aspiring to lead investment rounds and take meaningful ownership in companies to provide operational value to founders. 60% of the fund will be committed to initial investments, leaving 40% to support founders in follow-on investments. 2am VC connects global investors with Indian founders as a hyperlocal partner, curating deal flow for global investors into the next generation of Indian founders while unlocking global resources for Indian founders to reach international networks and opportunities. The firm is dedicated to speed, transparency, founder-friendliness, and cross-border synergies, blending operational agility and institutional processes to effectively secure deals and go above and beyond to support founders. 2am VC states that it examines the key elements driving the New India, as founders build companies to tap into uniquely Indian contexts to better serve Indian end-users. The maturation of foundational models is giving way to new niche categories that meet emerging needs. The firm goes the extra mile to support founders as their hyperlocal and hyperglobal partners by introducing key relationships, arranging customers, and offering targeted guidance to support growth and achieve product-market fit. 2am VC has closed a $10 million Fund I. To date, 2am VC has invested in 47 companies, including notable startups such as NEWME, Apna Mart, Bimaplan, and Karbon Card, among others. Launched in 2021 by Hershel Mehta and Brendan Rogers, 2am VC is an early-stage Indian venture capital firm investing in innovative startups. With offices in Mumbai, Bengaluru, Delhi NCR, and Los Angeles, 2am VC blends the best of both East and West through the firm’s India Beachhead Strategy.

India needs more AI startups: Peak XV Partners’ Harshjit Sethi

Economic TimesEconomic Times · 8m ago
India needs more AI startups: Peak XV Partners’ Harshjit Sethi
Medial

The Indian AI startup ecosystem needs more companies building AI solutions not only for India but also for the global market, according to Harshjit Sethi, the managing director at Peak XV Partners. Despite the talent pool in India, many skilled individuals are building AI ventures in the West. Peak XV Partners has invested in AI startups and their accelerator program, Surge, recently selected 14 startups focusing on AI, finance, consumer sectors, and healthcare. While AI tools provide numerous opportunities, challenges remain in organizing data effectively and ensuring proper use of models. Indian family offices have also been investing in AI-focused companies, with investments growing year-on-year.

Netcore Cloud launches startup accelerator program ‘D2C Blaze' to support early stage D2C startups

IndianStartupNewsIndianStartupNews · 1y ago
Netcore Cloud launches startup accelerator program ‘D2C Blaze' to support early stage D2C startups
Medial

Netcore Cloud, a Mumbai-based martech and customer experience company, has launched the "D2C Blaze" startup acceleration program in partnership with the Headstart Network Foundation and AIC-Nalanda Institute of Technology Foundation. The 12-week growth accelerator program is designed to offer guidance and support to early-stage direct-to-consumer (D2C) startups in India. The program will run from October to December 2023 and will provide selected startups with access to mentors, industry experts, networking opportunities, and technology tools. It aims to help startups scale effectively and establish a strong brand identity. Applications for the program are open until September 20, 2023.

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