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IIM Sambalpur, Apna.co enters R&D tie-up to support startup ecosystem

Economic Times

Economic Times · 1y ago

IIM Sambalpur, Apna.co enters R&D tie-up to support startup ecosystem

Apna.co has partnered with the Indian Institute of Management (IIM), Sambalpur to promote innovation, research, and entrepreneurship. The collaboration aims to explore areas like textiles, arts and culture, agriculture, healthcare, financial and digital inclusivity, tribal entrepreneurship, and sustainability. The partnership will span across industries, including technology research, sustainable solutions, FMCG, logistics, and digital marketing. The objective is to create transformative initiatives that benefit society and foster a more supportive environment for startups and entrepreneurs. The initiative was announced during the 100 Cube Startup Conclave organized by IIM Sambalpur.

Related News

Startup news and updates: Daily roundup (June 28, 2025)

YourStory

YourStory · 20d ago

Startup news and updates: Daily roundup (June 28, 2025)

YourStory's daily roundup highlights various developments in the Indian startup ecosystem, including Meesho's upcoming IPO and Altimetrik's acquisition of SLK Software. The DPIIT partners with L’Oréal India to support beauty tech startups, while AMD India's collaboration with IISc aims to boost semiconductor startups. Additionally, Infosys Co-founder N R Narayan Murthy establishes an annual scholarship at IIM Ahmedabad to support students with exceptional academic performance.

Can Budget's R&D Push Transform India Into A Product Economy?

Inc42 · 11m ago

Can Budget's R&D Push Transform India Into A Product Economy?

In her Budget 2024 speech, the Finance Minister announced the operationalization of a INR 1 lakh R&D fund, a INR 1,000 crore venture capital fund, and funding support for agri-tech startups focused on research and development. The startup ecosystem stakeholders are hopeful that these measures will drive innovation in sectors like deep tech and space tech. However, an investor emphasized the need for quality professors, research infrastructure, and increased R&D spending to transform India into a product-led economy.

Karnataka Research Foundation to be set up for R&D in startups, industries: Minister N S Boseraju

Economic Times

Economic Times · 1y ago

Karnataka Research Foundation to be set up for R&D in startups, industries: Minister N S Boseraju

Karnataka Industries Minister N.S. Boseraju has announced the establishment of the Karnataka Research Foundation to promote research and development (R&D) activities in startups and industries. The foundation aims to enhance innovation and technological advancements, fostering collaboration between academia and industry. It seeks to propel Karnataka's position as a leading hub for R&D and innovation in the startup ecosystem.

To lead globally, India must not just invite R&D global excellence — it must be ready to host it - The Economic Times

Economic Times

Economic Times · 24d ago

To lead globally, India must not just invite R&D global excellence — it must be ready to host it - The Economic Times

India has an opportunity to become a global R&D hub, as the US cuts NSF's budget, risking exodus of talent. China and the EU are attracting researchers with strong incentives. India's current R&D programs lack funding and infrastructure. To lead globally, India must reform its institutions, centralize efforts, and create an appealing environment for global talent. The Anusandhan National Research Foundation aims to transform India's research ecosystem through coherent policies and better support mechanisms.

Mature nodes more viable for fabless sector in India: Marvell India manager Navin Bishnoi

Economic Times

Economic Times · 5m ago

Mature nodes more viable for fabless sector in India: Marvell India manager Navin Bishnoi

India's fabless startup ecosystem is evolving, emphasizing mature tech nodes (65 nanometres and above) for sectors like electric vehicles, solar energy, and smart cities, as suggested by Marvell's Navin Bishnoi. The focus is on using cost-effective, mature nodes to accommodate limited R&D budgets. The initiative aims to strengthen India's semiconductor landscape with hundreds of fabless companies. While Marvell expands R&D in India, challenges remain, particularly in high-end chip production due to substantial investments needed.

Vecmocon closes $18M in Series A funding round

YourStory

YourStory · 1m ago

Vecmocon closes $18M in Series A funding round

Deeptech startup Vecmocon Technologies raised $18 million in a Series A funding round led by Ecosystem Integrity Fund (EIF), with participation from Blume Ventures and Aavishkaar Capital. The funds will accelerate R&D and product development for connected electric vehicles and energy storage systems. Founded in 2016, Vecmocon aims to enhance its EV intelligence stack and expand internationally, bolstered by EIF's support and a customer-centric approach for sustainable transportation.

KPIT CEO calls for increased R&D, deeptech investments - The Economic Times

Economic Times

Economic Times · 20d ago

KPIT CEO calls for increased R&D, deeptech investments - The Economic Times

KPIT CEO Kishor Patil emphasizes the need for India to boost R&D investment, foster deeptech innovation, and enhance export quality to compete globally in the automotive sector. He cites India’s potential amidst geopolitical shifts and advocates for increased government support. KPIT has ramped up its R&D spending and expanded globally, notably acquiring Caresoft Global Technologies to strengthen its position in the off-highway commercial vehicle segment and enter the China market.

US based financial software firm Planful expands its R&D centre in Hyderabad; To invest $120 million

Economic Times

Economic Times · 10m ago

US based financial software firm Planful expands its R&D centre in Hyderabad; To invest $120 million

US financial performance management software provider, Planful, has expanded its research and development (R&D) center in India with the opening of a new office in Hyderabad. The company plans to invest an additional $120 million over the next five years and double its headcount in the region. The new office will serve as Planful's global R&D center as well as support its back-office operations. The expansion reflects the company's commitment to investing in the Indian market and leveraging its thriving IT ecosystem and talent pool.

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Economic Times

Economic Times · 1y ago

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Texas-based Krypton Solutions is planning to invest $100 million to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka, India. The company has already held discussions with the government and is exploring investment options in Mysuru and Chamarajanagar. Additionally, they are interested in local partnerships and seeking support to establish themselves in the Indian market. In a separate meeting, Texas Instruments also reaffirmed its commitment to research and development (R&D) expansion in Karnataka. Texas Instruments was the first technology company to set up an R&D center in Bengaluru in 1985.

MetaShot, trackNOW, Prismoline get early-stage funding

VCCircle

VCCircle · 5m ago

MetaShot, trackNOW, Prismoline get early-stage funding

MetaShot, trackNOW, and Prismoline have secured early-stage funding to support their growth and development initiatives. MetaShot, a Bengaluru-based console gaming startup, raised Rs 11 crore for team expansion, R&D, growth, and branding. Gujarat-based trackNOW, a fleet management company, received extended seed funding to enhance R&D and operational efficiency. Prismoline, a Ranchi-based road safety products manufacturer, garnered funds to strengthen working capital, expand its product portfolio, and explore new markets.

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