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Critical for Defence Tech Start-Ups to Prove Reliability on Field: L&T Executive
OutlookIndia
·
4m ago
Medial
Defence tech startups need to demonstrate the real-world reliability of their innovations, says an L&T executive. Success is not just about lab ideas but field performance against real challenges. This ecosystem fosters innovation, benefiting companies like L&T despite potential competition. The executive emphasizes that sustainable success requires converting innovation into viable business models by developing capabilities and market presence. The insights were shared at the Startup Mahakumbh, a major event for the startup ecosystem in India.
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T-Hub Launches Funding Programme For Defence And Aerospace Innovation
OutlookIndia
·
8m ago
Medial
T-Hub, a start-up incubator, has launched the SIDBI-T-Hub Funding Programme to support the domestic defence and aerospace sectors. The company has also signed strategic MoUs with key industry players, including KAVACHH, IISSR, BDL, Collins Aerospace, and more. These collaborations aim to facilitate knowledge exchange, technological progress, and create an ecosystem for innovation. The funding programme will bridge the financial gap for emerging start-ups in these sectors, nurturing innovation and addressing national security needs. The National Defence and Aerospace Innovation Summit (DIAS) provided a platform for start-ups to showcase disruptive technologies and pitch ideas to experts and investors in the field.
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T-Hub Unveils T-Scale for Series-A Start-Ups, Establishes Six New Partnerships
OutlookIndia
·
1y ago
Medial
Hyderabad-based start-up incubator T-Hub has announced new partnerships on its eighth Foundation Day. Collaborations include initiatives with CARE, Carrier Global, SIDBI, FalconX, KPMG, and the Association of Geospatial Industries. T-Hub also revealed two flagship programs: T-Bridge, which aims to facilitate global market access for start-ups, and T-Scale, a growth maturity model with a 12-month journey to help start-ups achieve Series-A readiness. T-Hub has played a significant role in the Telangana start-up ecosystem, attracting investments of $3.5 billion, fostering over 600 corporate partnerships, and supporting over 3,000 start-ups.
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Why Modi Must Step in to Save India’s Drone Dreams
OutlookIndia
·
9m ago
Medial
India's defence start-ups face challenges in funding and securing orders, hindering their growth in the sector. Despite government initiatives and grants, venture capital and early-stage investors are reluctant to invest in the defence and aerospace industry due to long product development timeframes and limited returns. Bigger, well-connected companies often secure tenders, leaving smaller start-ups struggling. The government needs to provide equal opportunities and support to start-ups, including establishing a dedicated fund for defence start-ups and simplifying regulations. With these measures, India can foster innovation and achieve self-reliance in its defence sector.
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AWS Launches Its First Space Tech Accelerator Program, With T-Hub, And Minfy
OutlookIndia
·
1y ago
Medial
Amazon Web Services (AWS) India has introduced its first accelerator program called AWS Space Accelerator: India. The program aims to support start-ups in the space technology sector by providing technical expertise, business mentoring, and support from T-Hub and Minfy. This initiative follows the memorandum of understanding signed by AWS with ISRO and IN-SPACe last year to nurture start-ups and drive innovation in space-tech. The 14-week accelerator program offers dedicated resources, guidance, and up to $100,000 in AWS credits for qualifying start-ups. The program is open to early-stage and mature start-ups based in India until March 17th, 2024.
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70% Of start-up founders are embedding artificial intelligence in their solutions
OutlookIndia
·
1y ago
Medial
The article discusses the findings of the Nasscom-Zinnov report on the Indian tech start-up ecosystem in 2023. Despite global challenges, Indian tech start-ups have focused on enhancing their business fundamentals and profitability. Deep tech adoption has become mainstream, with start-ups leveraging it for efficiency and cost reduction. The report also highlights the diversification of start-ups into tier II and III locations and the stability of sectors like Automotive, Industrial, and Manufacturing. Looking ahead to 2024, founders expect continued revenue growth and an increased emphasis on B2B tech start-ups. Deep tech investments and the integration of AI are anticipated to drive innovation.
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L&T Technology Services collaborates with Intel, shares trade flat
Thehindubusinessline
·
1y ago
Medial
L&T Technology Services has partnered with Intel to develop edge-AI solutions for various applications, including Cellular Vehicle-to-Everything (CV2X). The collaboration aims to democratize access to edge-AI solutions by offering a platform that runs on standard hardware and includes built-in edge-native AI runtime. The partnership will simplify the exchange of critical information and streamline infrastructure management, resulting in improved results and reduced total cost of ownership for customers. L&T Technology Services' shares on the NSE are trading at ₹5,261.80, up by 0.06%.
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Piyush Goyal’s 'India vs Chinese' Start-Ups Remark Sparks Backlash from Ashneer Grover, Others
OutlookIndia
·
4m ago
Medial
Union Minister Piyush Goyal's critical remarks about Indian start-ups at 'Startup Mahakumbh 2025' sparked backlash from industry leaders like Ashneer Grover and Mohandas Pai. Goyal criticized Indian startups for focusing on service-based models rather than deep tech, contrasting them with Chinese advancements. Industry leaders defended the current start-up ecosystem, highlighting its achievements and questioning the government's support. They argued that criticism should focus on constructive growth rather than belittling efforts.
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AM Naik steps down as Chairman of LTIMindtree; SN Subrahmanyan to succeed
Livemint
·
1y ago
Medial
A. M. Naik will step down as Chairman of L&T Mindtree, with S. N. Subrahmanyan taking over the role on June 27, 2024. Naik has been praised for significantly increasing shareholder value and transforming L&T Mindtree into a global leader. He expressed pride in the company's growth and confidence in Subrahmanyan's leadership. Known as SNS, Subrahmanyan played a key role in L&T Mindtree's growth, including the acquisition of Mindtree and its subsequent merger. He acknowledged Naik's efforts and expressed gratitude for the opportunity to continue L&T Mindtree's legacy.
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Indian start-ups see renewed investor interest; funding rises 23% amid cautious optimism: Report
Business Today
·
4m ago
Medial
Indian start-ups are witnessing a surge in investor interest, with a 23% increase in funding and a 27% rise in deals. The growth is driven by a 2.1X increase in new tech start-ups, bringing the total to 32,000-35,000. In 2024, tech funding reached $7.4 billion, with deeptech investments growing by 78%, primarily led by AI start-ups. Six new unicorns emerged with a combined $220 billion+ valuation, and tech IPOs tripled.
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Wipro, Tech Mahindra, L&T Tech Services partner with Nvidia
Economic Times
·
5m ago
Medial
Wipro, Tech Mahindra, and L&T Technology announced partnerships with Nvidia for AI-based solutions across industries. Tech Mahindra introduced an AI-driven solution for drug safety, enhancing pharmacovigilance efficiency. Wipro launched Agentic AI services with Nvidia, aiming to transform various sectors using AI. L&T Technology unveiled TrackEi, an AI-powered railway track inspection solution, improving safety through real-time defect detection. These collaborations leverage Nvidia's AI technologies to innovate and optimize industry-specific processes and enhance efficiencies.
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