🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

US picks 31 regional hubs to spur tech innovation with $500 million corpus

Economic Times

Economic Times · 1y ago

US picks 31 regional hubs to spur tech innovation with $500 million corpus

The Biden administration has selected 31 regional technology hubs from over 370 applicants to receive federal funding of $500 million aimed at promoting innovation in various sectors. The initiative is part of President Biden's "industrial policy" to attract private sector investments and promote growth in industries such as electric vehicles, semiconductors, and clean energy. The program aims to distribute the benefits of tech sector growth beyond established hubs like Silicon Valley, with a focus on areas such as critical minerals, biotechnology, artificial intelligence, and quantum computing.

Related News

ET Soonicorns Summit 2025: Karnataka Deputy CM to unveil report on soonicorns and minicorns across priority sectors

Economic Times

Economic Times · 8d ago

ET Soonicorns Summit 2025: Karnataka Deputy CM to unveil report on soonicorns and minicorns across priority sectors

Karnataka's Deputy Chief Minister, DK Shivakumar, will unveil the Economic Times Top Soonicorns and Minicorns of Karnataka 2025 report, highlighting 31 unicorns, 85 soonicorns, and emerging innovation clusters across urban hubs. Karnataka's innovation economy is driven by Bengaluru's status and emerging tech hubs. The report, based on data from 2020 to 2025, showcases Karnataka's vibrant startup ecosystem with a focus on sectors like fintech, online grocery, and electric vehicles, revealing potential for decentralized growth beyond Bengaluru.

Nasscom to launch US CEO Forum in NY to boost India-US tech, innovation ties - The Economic Times

Economic Times

Economic Times · 1m ago

Nasscom to launch US CEO Forum in NY to boost India-US tech, innovation ties - The Economic Times

Nasscom is launching the US CEO Forum in New York to enhance India-US tech collaboration. The Forum will involve Indian tech CEOs and US stakeholders in strategic discussions on innovation, enterprise, policy, and talent development. With ongoing engagements planned across US tech hubs, it aims to foster growth, co-innovation, and policy alignment. Positioned as a leadership platform, the Forum seeks to strengthen the India-US tech corridor, promoting digital transformation and economic growth.

Tamil Nadu To Set Up Two New Regional Startup Hubs In Coimbatore, Tiruchi

Inc42 · 1y ago

Tamil Nadu To Set Up Two New Regional Startup Hubs In Coimbatore, Tiruchi

The government of Tamil Nadu has established regional hubs in various cities to support startups, organize events, and promote innovation. Additionally, Global Startup Coordination Centres in Singapore and the US will be set up to assist startups in expanding internationally. Tamil Nadu, known for successful startups like Zoho and Freshworks, has a thriving startup ecosystem with over 7,700 registered startups.

Databricks picks up MosaicML, an OpenAI competitor, for $1.3B

TechCrunch · 2y ago

Databricks picks up MosaicML, an OpenAI competitor, for $1.3B

Investors aren’t the only ones who want to get their hands on hot tech companies in the field of AI: it’s also likely to spur a big wave of M&A, too: today, Databricks announced that it would pay $1.3 billion to acquire MosaicML, an open-source startup with 63 employees.

DOGE’s federal spends slash unlikely to bleed Indian IT companies

Economic Times

Economic Times · 5m ago

DOGE’s federal spends slash unlikely to bleed Indian IT companies

The Department of Government Efficiency’s (DOGE) cancellation of federal contracts may affect US-based consulting technology companies but will minimally impact Indian IT firms. Indian IT's exposure to US federal contracts is less than 2% of its revenue, often working with state and local governments instead. While uncertainties exist, DOGE’s tech-focused initiatives might spur opportunities for global tech players, especially those with local US investments. Major consultancies could face significant effects from these changes.

Bengaluru Named Top 12 Global Tech Hub with AI Workforce Rivaling US Cities; Frinks AI Raises $5.4 Million | DeepNewz India

Business Bytes

Business Bytes · 3m ago

Bengaluru Named Top 12 Global Tech Hub with AI Workforce Rivaling US Cities; Frinks AI Raises $5.4 Million | DeepNewz India

Bengaluru has been recognized as one of the top 12 global tech hubs, with its AI workforce on par with major US cities like San Francisco and New York. This highlights the city's growing prominence in the technology sector, particularly in artificial intelligence.

Special seed fund to support startups by differently abled, transpersons: TN MSME minister

YourStory

YourStory · 1y ago

Special seed fund to support startups by differently abled, transpersons: TN MSME minister

Tamil Nadu's Micro, Small and Medium Enterprises (MSME) Minister has announced a special seed fund for startups run by differently-abled and transgender people in the state. The aim is to promote inclusive growth in the entrepreneurship sector. Plans are also in place to establish new regional startup hubs in Coimbatore and Tiruchi this year, in addition to existing hubs in other cities. The minister also revealed plans to establish global startup coordination centres in Singapore and the US in the future. A design studio called 'Thozhil Nayam' will be established at the StartupTN Chennai Metro Hub to support startups in product design.

Alpha Alternatives hits first close of maiden infra fund

VCCircle

VCCircle · 9m ago

Alpha Alternatives hits first close of maiden infra fund

Alpha Alternatives, led by Naresh Kothari, has achieved the initial closing of its inaugural infrastructure fund. The firm aims to raise $500 million as the fund's target corpus, with an option to raise an additional $250 million. Named Alpha Alternatives Build India, the infrastructure investment vehicle is set to support the development of infrastructure projects in the country.

IQue Ventures Launches ₹600 crore “Startup Park”, Bengaluru Hub to Open Mid-September – Outlook Business

OutlookIndia

OutlookIndia · 8d ago

IQue Ventures Launches ₹600 crore “Startup Park”, Bengaluru Hub to Open Mid-September – Outlook Business

IQue Ventures has launched a startup park in Bengaluru with an investment of INR 600 crore. The park aims to develop an ecosystem for tech startups and will offer office spaces, accelerators, and funding opportunities. Set to open in mid-September, it also plans to host various events and sessions for emerging companies. The initiative demonstrates a commitment to supporting innovation and entrepreneurship in one of India's major tech hubs.

Tamil Nadu crosses 10,000 DPIIT-registered startup millstone, credits StartupTN mission

YourStory

YourStory · 8m ago

Tamil Nadu crosses 10,000 DPIIT-registered startup millstone, credits StartupTN mission

Tamil Nadu has surpassed 10,000 registered startups, marking a significant achievement for the state. StartupTN, an initiative by the government, has played a vital role in nurturing the ecosystem through various schemes, funding opportunities, mentoring, and incubation support. The state's startup ecosystem is flourishing with multiple regional hubs and a metro hub in Chennai that provide a strong infrastructure for aspiring entrepreneurs. This exponential growth can be attributed to the focus on supporting startups and fostering innovation under the leadership of Chief Minister M K Stalin. Tamil Nadu aims to become a prominent startup hub with continued government backing.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Google Alerts 2.5B Gmail Users Af ...

Download the medial app to read full posts, comements and news.