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News on Medial
Micromanaging founders can kill their own start-ups
Money Control
ยท
2y ago
Medial
Itโs not just ideation and investor deals that make for successful start-ups. Fostering communication and empowering employees to take decisions is equally important Read a take on micromanaging founders on the source article from the below link-
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PedalStart Launches Series-2 Internal Company Fund Of $250,000 To Support Early-Stage Start-Ups
OutlookIndia
ยท
1y ago
Medial
PedalStart, a start-up accelerator, has launched its Series-2 Internal Company Fund, with $250,000 allocated to support early-stage start-ups. The fund aims to provide capital to 5-7 promising start-ups that have shown progress and execution in the previous three to six months. PedalStart will select recipients through a rigorous vetting process, focusing on execution and performance. The founders of PedalStart believe the fund will accelerate growth and allow start-ups to realize their visions. The accelerator has grown to include 10,000 start-ups, over 300 mentors, and 800 founders since its establishment in 2021.
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Lights, Camera, Investment: Is Indian Angels wading into risky waters by letting audience invest in startups? โฏ
OutlookIndia
ยท
1y ago
Medial
Indian Angels, a reality show airing on Jio Cinema, claims to be the world's first angel investment show on OTT. The show features start-up founders pitching their businesses to a panel of angel investors, and viewers can also invest in the participating start-ups. While the concept is innovative, concerns have been raised about the potential risks and lack of transparency. The show's makers emphasize that viewers bear full responsibility for their investments, and due diligence is conducted on the start-ups. Striking a balance between entertainment and responsible financial engagement is crucial for the show's credibility and success.
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Start-up Street: Will 2024 see more Dragons take wing?
Money Control
ยท
1y ago
Medial
The article discusses the potential for a brighter future for start-up founders in 2024. Lessons can be learned from the data of Blume Venture Fund I, where only 20% of the invested start-ups accounted for 98% of the total returns. GreyOrange proved to be a successful start-up for the fund, delivering over 150% returns. This showcases the importance of aiming for significant growth for VC-fundable start-ups in India's software and enterprise tech sectors.
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AI2 Incubator scores $200M in compute to feed needy AI startups
TechCrunch
ยท
1y ago
Medial
AI2 Incubator, a start-up accelerator spun out of AI research organization the Allen Institute for AI, has secured $200m worth of computing resources to offer to start-ups in its incubator program. The dedicated AI-style compute can help early-stage companies accelerate their development and overcome resource constraints. Start-ups in AI2 Incubator's portfolio or program can access up to $1m worth of computing at data centers owned by a yet unnamed partner. The initiative aims to help start-ups showcase early traction and bring their AI products to market faster.
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70% Of start-up founders are embedding artificial intelligence in their solutions
OutlookIndia
ยท
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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Indus Appstore And Start-Up India Collaborate To Launch Indus Appstore Emerging Start-Up Awards
OutlookIndia
ยท
1y ago
Medial
PhonePe's Indus Appstore, in collaboration with Start-up India, has launched the Indus Appstore Emerging Start-up Awards. The awards aim to recognize and celebrate innovative start-ups in sectors like Fintech, e-commerce, social impact, HealthTech, AgriTech, and gaming. Eligible start-ups must be registered under Start-up India, operational for at least one year, and have their applications listed on the Indus Appstore Developer Platform. Winners will receive a cash prize and entry into the Indus Accelerate Program. Start-ups can apply by uploading their app on the Indus Appstore and completing the required questionnaire on the Start-up India website.
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Angel tax: 8,204 start-ups have received exemption till date, shows govt data
Business Today
ยท
1y ago
Medial
According to government data, only 8,204 out of 1,14,902 registered start-ups have been granted exemption from angel tax since their inception. The data was provided in response to a Right to Information query by Business Today. Under the Startup India Action Plan, start-ups that meet specific criteria can apply for recognition by the Department for Promotion of Industry and Internal Trade (DPIIT). Post recognition, start-ups are eligible to apply for angel tax exemption if their paid-up share capital and premium does not exceed Rs 25 crore. The Central Board of Direct Taxes (CBDT) has clarified that DPIIT-recognized start-ups are exempt from angel tax provisions.
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Why Modi Must Step in to Save Indiaโs Drone Dreams
OutlookIndia
ยท
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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Venture debt options for start-ups on the rise
Money Control
ยท
1y ago
Medial
Here's some promising news for start-ups in search of debt financing without the need for collateral or early equity dilution. Despite government efforts to encourage collateral-free loans for start-ups and MSMEs, such initiatives have not gained traction. Entrepreneurs are frequently advised that equity capital is costly, as it often entails relinquishing substantial ownership in their firms to venture capitalists. This early dilution can lead to lower long-term returns on their ventures. Debt financing, often considered a more cost-effective alternative, is, however, seldom accessible to start-ups.
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Innovative start-ups push boundaries on IPRs; but challenges remain
Money Control
ยท
1y ago
Medial
Start-ups in India are exploring new ways to expand intellectual property (IP) in various niche areas and protect their IP rights. The Great Indian IP Feast brought together start-ups, lawyers, and intellectuals to discuss and showcase creative ways of creating IP. Examples include creating musical logos, reinventing tomato ketchup consumption, and reviving traditional recipes in innovative ways. While generating IP is a challenge, protecting it from plagiarism is an even greater task, as highlighted by founders in various fields.
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