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Govt To Introduce A ‘Single’ Platform For Startups, VCs To Ensure Better Collaboration: Priyank Kharge

Inc42Inc42 · 1y ago
Govt To Introduce A ‘Single’ Platform For Startups, VCs To Ensure Better Collaboration: Priyank Kharge
Medial

The Indian state of Karnataka, particularly Bengaluru, remains the country's top startup hub despite a decline in funding. The state government has disbursed over INR 50 crore ($7 million) as grants and supported 208 startups in the past six months. Beyond funding, Karnataka provides support to startups through initiatives like the Global Innovation Alliance-Market Access Programme (GIA-MAP) and a public procurement policy for sourcing from startups. The government is working on strengthening the AI ecosystem in Bengaluru and attracting investments outside the state capital through its Beyond Bengaluru program. Additionally, outdated policies and excessive taxation on startups are among the challenges that need to be addressed.

Can Angirus’ Eco Bricks Replace Traditional Building Materials In India?

Inc42Inc42 · 11m ago
Can Angirus’ Eco Bricks Replace Traditional Building Materials In India?
Medial

Indian startup Angirus is working towards making the construction sector more sustainable through its eco-friendly bricks made from non-recyclable waste materials, including plastics. The company has received INR 80 lakh in grants and awards from various organizations and has raised INR 36 lakh in equity from angel investors. The bricks are stronger, more durable, and provide better thermal insulation compared to traditional bricks. The startup is seeking INR 1.5 crore in equity and grants to support its expansion plans, including building a new facility in Bengaluru. India's fight against air pollution is crucial, with the country having some of the most polluted cities in the world.

Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

Economic TimesEconomic Times · 1y ago
Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved
Medial

The Indian government has approved the construction of three semiconductor chip fabrication units in Gujarat and Assam, with an estimated investment of INR 1.26 lakh crore (approximately $17 billion). Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat, attracting an investment of INR 91,000 crore. Tata Semiconductor Assembly and Test will establish a unit in Assam with an investment of INR 27,000 crore. Additionally, CG Power will collaborate with Renesas Electronics and Stars Microelectronics to set up a semiconductor unit in Gujarat with an investment of INR 7,600 crore.

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