Pune sees digital India’s Startup MasterClass

- Advertisement -
- Advertisement -

startup

Startups are the makers of new India.They have a dream—and innovative spirit and a knack to leverage technology”, said Ravi Shankar Prasad, Union Minister for Law and Justice and IT while delivering the keynote address at the the START UP MASTERCLASS (SMC) organized by Alumini Association IIT-Kanpur Pune Chapter supported by PAN IIT Alumini Association and NASSCOM, TiE, MACCIA held in Pune.

Start up MasterClass” is targeted towards promoting entrepreneurship in India by creating and fostering an ecosystem for entrepreneurs, mentors and investors alike. The minister exhorted the startups and entrepreneurs present to leverage their passion and technological talent to serve the less privileged, centred in the villages and small towns.

- Advertisement -

Ravi Shankar Prasad invited entrepreneurs and their startups to create innovative products that will service five initiatives of the Narendra Modi administration which include optical fibre network in villages, common service centres across India, postal payment bank, BPO call centres in small towns and virtual mobile network,.

The minister made an impassioned plea to startups to leverage the Digital India, Startup India, Make in India programmes and innovate across the spectrum of software, e-commerce, electronics manufacturing including defence and medical electronics.

N R Narayan Murthy, co-founder Infosys in his keynote expressed that entrepreneurship is converting power of an idea to job and wealth creation. He further said it was the governments responsibility to create a regulated incentives for entrepreneurs, who should have full freedom to create employment and wealth.

Narayan Murthy told the entrepreneurs present that their ideas should have highly differential value for corporations or end consumers. Pune city took centre stage as Kunal Kumar, Pune Municipal Commissioner and Ganesh Natrajan spoke on the efforts to make Pune the number one destination for start ups by 2020. Kunal Kumar said that a target to create 50,000 jobs in 4 years from startups has been set. He also announced the setting up of an innovation hub IN Pune in collaboration with government of UK.

KshatrapatiShivaji, Chairman and Managing Director, SIDBI in his address underscored the lifecycle and challenges of start ups. Shivaji spoke on initiatives of SIDBI like startupmitra.in and Venture Debt, a financial instrument that provides funding without diluting founders equity.

Shailendra Agarwal, President Alumini Association IIT-Kanpur Pune Chapter welcoming the delegates said that this event was just the beginning; the IIT-Kanpur Pune Chapter would be involved in handholding start ups on a long term basis. Post event plans include providing continuous support to interested entrepreneurs and startups that will be matched with the available experts, investors etc. This effort has been enabled by the use of advanced tools for evaluation of the start-ups to identify the opportunities for improvement. SMC was attended by about 800 relevant professionals, with more than 500 start-ups, 40 investors (Angels and VCs) and more than 60 mentors.

By EB Bureau

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...
XR Headset Quest 3, Meta

Global XR Headset Shipments See A Major Decline, Sony Rises

0
Sony grabbed a market share of 24% in 2023 up from 1% in 2022. Bulky form factor, and lag, hinder adoption by serious...

Indian PC Market Grows 4% In Q4 2023, Local Manufacturing Efforts Ramp Up

0
IT procurement by enterprises and SMBs, delayed in the first half of 2023, is starting to take place and is expected to accelerate...

Buzz

Tenstorrent- RISC V cores

MosChip Collaborates With Tenstorrent For Advanced RISC-V Cores

0
Tenstorrent has selected Moschip due to their tape out expertise in design services. India’s MosChip Technologies has announced partnership with computing company Tenstorrent and to...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Important Sectors

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Subsidy Cuts Push E2W Makers Towards Budget Models

0
Electric two-wheeler manufacturers face reduced government subsidies and growing competition from established petrol vehicle brands in the upcoming fiscal year. These challenges compel them...

Nissan To Invest In Renault’s Ampere For EV Roadmap

0
The alliance aims to introduce both five-seater and seven-seater models for each brand in India. Japan's Nissan Motor has committed to investing in Renault's electric...

TPEM And HPCL Team Up To Enhance EV Charging Infrastructure

0
The collaboration seeks to enhance the experience of electric vehicle owners in India and promote greater adoption of electric vehicles among the population. Tata Passenger...

Manufacturing

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...

Servotech Boosts India’s EV Charging Infrastructure With Manufacturing Facility

0
The new facility is poised to start with an annual production capacity of 24,000 power modules and plan to scale up to 2.4 lakh...