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UAE Doubles Down on Indian Start-Ups with New CEPA Initiative
OutlookIndia
ยท
1m ago
Medial
The UAEโIndia CEPA Council, in partnership with the UAE Embassy in India, launched a Start-up Series to connect Indian entrepreneurs with the UAE's innovation ecosystem. This initiative aims to promote cross-border scale-ups and deepen economic ties. The move aligns with the growing economic relationship between the two countries, highlighted by increased trade and UAE's significant foreign direct investment in India. Selected start-ups will benefit from incubation, mentorship, and access to UAE networks.
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Indian start-ups see renewed investor interest; funding rises 23% amid cautious optimism: Report
Business Today
ยท
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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Founders Club Launches Market Access Focused Accelerator Program
OutlookIndia
ยท
1y ago
Medial
The Circle FC has brought ten Korean start-ups into the KSC India 2023 program, providing them with opportunities to connect with Indian stakeholders and immerse themselves in the ecosystem. The program aims to support Korean start-ups in achieving global market access through collaboration with local accelerator partners. These start-ups represent various sectors and will benefit from market entry support, mentorship, product localization, and more. The Circle FC is focused on helping these start-ups showcase their innovations and make a significant impact in the Indian market.
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Aramco boosts venture unit, more than doubles VC funding
VCCircle
ยท
1y ago
Medial
Saudi Aramco has increased its Aramco Ventures unit by $4 billion, more than doubling its venture capital funding. With this additional funding over four years, Aramco Ventures' capital now stands at $7 billion. The move reflects the increasing importance of Aramco's venture capital program in developing disruptive technologies, diversification opportunities, and collaborations with innovative start-ups. The investments will focus on new energies, chemicals, transition materials, diversified industrial businesses, and digital technologies.
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Mostly Unicorns in India Have done Phenomenally Well, Says Piyush Goyal
OutlookIndia
ยท
6m ago
Medial
Union Minister Piyush Goyal highlighted the rising success of Indian unicorns in 2024, attributing it to the country's thriving start-up ecosystem. Speaking at a New Delhi event, Goyal assured government support for sustained growth, citing 76 IPO offerings as proof of success. He announced the Bharat Start-Up Grant challenge and PRABHAAV Factbook to bolster start-ups. The event marked nine years of the Startup India initiative, emphasizing entrepreneurship promotion since 2016.
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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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India-Canada crisis spells trouble for Indian start-ups eyeing Canada as gateway to North American market
Business Today
ยท
1y ago
Medial
The deepening diplomatic tensions between Canada and India may impact Indian start-ups that view Canada as a strategic entry point to North American markets. The visa ban imposed by Canada could hinder trade and business opportunities, causing start-ups to explore alternative markets. Some Indian start-ups may opt to focus directly on the US market instead. The Canada-United States-Mexico Trade Agreement (CUSMA) offers reduced trade barriers and increased market access for start-ups, facilitating expansion and growth opportunities. The ban may also discourage Indian students from choosing Canadian universities.
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Dubai to foster startups with Indian talent
Startup News FYI
ยท
1y ago
Medial
Dubai aims to attract tech talent from India to boost its startup ecosystem and achieve its goal of doubling GDP by 2033. The UAE and India plan to expand non-oil trade to $100 billion by 2030 under the Comprehensive Economic Partnership Agreement (CEPA). Dubai is discussing partnerships with Indian manufacturers interested in using the emirate as a distribution hub. Indian companies and NRIs generate about one million jobs in the UAE, and Dubai is eager to strengthen its digital talent pool and investments in various sectors. Dubai's favorable business environment and location make this growth feasible.
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PedalStart Introduces PedalUp Cohort
OutlookIndia
ยท
1y ago
Medial
PedalStart has introduced the "PedalUp Cohort", a program designed to accelerate the growth of start-ups incubated within PedalStart. The initiative aims to provide tools, mentorship, and support to scale businesses rapidly. Start-ups from various domains including Edtech, Fintech, Healthcare, and more are part of the Cohort, with PedalStart deploying 2.5Cr in each cohort. The program offers an intensive 6-week accelerator experience exclusively for start-ups incubated within PedalStart. PedalStart aims to catalyze innovation and entrepreneurial excellence in India's start-up ecosystem.
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DPIIT Partners with Bhaane Group for Manufacturing Start-Ups' Incubation
OutlookIndia
ยท
6m ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Bhaane Group to foster manufacturing start-ups through incubation programs. This collaboration aims to strengthen ties within the international start-up ecosystem, providing start-ups with market insights and a holistic understanding of foreign markets. The initiative reflects DPIIT's ongoing efforts to bolster Indiaโs manufacturing sector, building upon previous strategic partnerships with corporates like ITC Limited and Walmart to support start-up growth and innovation.
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AWS Launches Its First Space Tech Accelerator Program, With T-Hub, And Minfy
OutlookIndia
ยท
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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