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News on Medial
Startup Mahakumbh: MSH’s Jeet Vijay Highlights The Importance Of Patents For Deeptech Innovation
Inc42
·
1y ago
Medial
During a session at the Startup Mahakumbh event, the critical role of intellectual property (IP) in commercializing deep tech innovations was discussed. The panelists emphasized the importance of startups securing patents to protect their innovations, highlighting that startups with patents receive higher valuations. They also suggested utilizing the Patent Cooperation Treaty (PCT) for cost-effective international patent filing. The session acknowledged the lack of awareness among startups regarding IP protection but highlighted government schemes and initiatives that provide financial aid for patent filing. Strategies such as hiring an IP lawyer and conducting IP searches were recommended for startups seeking patent protection.
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Piyush Goyal’s reality check at Startup Mahakumbh sparks debate
Inshorts
·
4m ago
Medial
At Startup Mahakumbh, Union Minister Piyush Goyal critiqued India's startup ecosystem, urging a shift from low-risk retail models to innovation-driven ventures. Comparing India to China, he highlighted the need for breakthroughs in deeptech sectors. His remarks sparked mixed reactions, with some entrepreneurs criticizing the oversimplification of challenges faced by Indian startups.
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Fintech sector needs to grow for Viksit Bharat goal: Amitabh Kant
OutlookIndia
·
4m ago
Medial
Amitabh Kant emphasizes the critical role of the fintech sector in achieving India's goal of becoming a $35 trillion economy by 2047. Speaking at Startup Mahakumbh, Kant highlights the importance of innovation, credit access, and regulatory vigilance. He notes India's position as a global fintech leader, with projected rapid growth in the sector. Kant calls for responsible innovation to prevent exclusion or harm to vulnerable populations, stressing cybersecurity vigilance through self-regulatory organizations.
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ISRO reached the moon for a fraction of the cost of a Hollywood movie: Former Niti Aayog CEO Amitabh Kant
Economic Times
·
4m ago
Medial
Former Niti Aayog CEO Amitabh Kant urged young entrepreneurs to "do more for less" by creating sovereign frontier models with indigenous datasets, similar to ISRO's cost-effective moon missions. Addressing Startup Mahakumbh, he emphasized the importance of innovations in deeptech areas like AI, space exploration, and open-source technologies. Highlighting initiatives like Bhashini, Kant advocated for leveraging AI to make technology accessible across diverse languages and regions, ensuring India's leadership in technological advancements.
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'It’s the best time to be an angel investor,' says Peak XV’s Rajan Anandan on India's deeptech boom
YourStory
·
4m ago
Medial
India's deeptech sector is booming, creating ideal conditions for angel investors, according to Rajan Anandan of Peak XV Partners. The firm now allocates 15-20% to deeptech, emphasizing its future potential. At Startup Mahakumbh, the need for regulatory reforms was highlighted to overcome funding challenges, especially for Series A investments. Panelists advocated longer startup recognition periods to sustain momentum. With India becoming a hub for emerging ideas, it’s a pivotal time for investors and businesses.
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PM Modi Asks Startup Founders To Seek Patents For Their Innovations
Inc42
·
1y ago
Medial
India's Prime Minister, Narendra Modi, addressed the country's startup ecosystem at the Startup Mahakumbh event, stating that India has become the third largest startup ecosystem globally, with over 1.25 lakh startups and 110 unicorns. Modi urged startup founders to promptly initiate the patenting process, highlighting the importance of protecting their innovations in the fast-paced technology landscape. He also emphasized India's focus on emerging technologies such as artificial intelligence (AI) and its potential to open doors for young entrepreneurs and global investors. The event, which witnessed significant participation, aimed to foster the development of sectors like deeptech, agritech, biotech, medtech, AI, and gaming.
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Adithya Pappala supports Piyush Goyal's Startup vision
Inshorts
·
4m ago
Medial
Entrepreneur Adithya Pappala backed Piyush Goyal's recent statement at Startup Mahakumbh, advocating for Indian entrepreneurs to focus on global, impactful ventures rather than conventional, city-centric businesses. Pappala highlighted the importance of long-term vision and innovation, urging youngsters to address planet-level challenges and position India as a global leader in problem-solving.
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PM Narendra Modi to address entrepreneurs, investors at Startup Mahakumbh event tomorrow
Economic Times
·
1y ago
Medial
Prime Minister Narendra Modi will be addressing the Startup Mahakumbh event in New Delhi. The event aims to bring together stakeholders from the startup community, innovators, and upcoming entrepreneurs. During the event, there was a discussion on the importance of collaboration between fintech startups and regulators, emphasizing the need to respect rules and regulations while challenging them if necessary. Additionally, the Department for Promotion of Industry and Internal Trade (DPIIT) secretary mentioned that a deeptech startup policy is in its final stages of inter-ministerial consultations, focusing on commercialization and the development of intellectual property rights.
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Tech startup funding rose 23% in 2024, deeptech saw 78% boost: Nasscom report
Economic Times
·
4m ago
Medial
In 2024, Indian tech startup funding rose by 23% to $7.4 billion, with deeptech startups seeing a 78% boost, raising $1.6 billion. Over 2,000 new tech startups were founded, including many outside tier-1 cities, fostering a national innovation ecosystem. Challenges include understanding deeptech valuations, better collaboration, and regulatory complexities. The report highlights the need for increased R&D investments and a focus on deeptech commercialization, AI advancements, and scaling beyond major hubs.
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Startup Mahakumbh: Deeptech Pavilion To Showcase Innovations, Foster Collaboration
Inc42
·
1y ago
Medial
The deeptech pavilion at the Startup Mahakumbh event in India, organised by ASSOCHAM, Nasscom, Bootstrap Incubation & Advisory Foundation, TiE, and IVCA, will provide a platform for Indian startups to showcase their innovations. Led by Nasscom, the pavilion will feature approximately 34 deeptech startups and will host panel discussions and fireside chats with industry experts on topics such as research funding models, intellectual property protection, and attracting and retaining talent in the deeptech sector. The event aims to raise awareness about deeptech and its potential to transform various industries in India.
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Unleashing India’s Deeptech Potential: A Journey Towards Innovation
Inc42
·
1y ago
Medial
The Indian government has approved an investment of INR 10,372 Cr over five years for the India AI Mission, with a strategic allocation of nearly INR 2,000 Cr specifically for deeptech startups. This marks a significant boost for the Indian startup ecosystem and highlights the government's commitment to fostering innovation in AI and deeptech. With over 3,000 deeptech startups in India, there is a promising landscape for investment. Technologies like AI and machine learning have the potential to revolutionize sectors such as healthcare, education, banking, and manufacturing. However, deeptech startups often face challenges in securing financial backing, making increased investment crucial for their success.
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