India Entrepreneurship Culture

The Karnataka government on Tuesday signed a Letter of Intent (LoI) with the New Jersey Department of State, US, marking a significant step towards enhancing global cooperation in technology, innovation, and economic development, officials said. The agreement signed by Department of Electronics, IT, Bt, Government of Karnataka establishes a framework for collaboration between Bengaluru and New Brunswick, New Jersey, they said. In a statement, the Department said that the agreement will focus on Twin City Collaboration for promoting exchanges between Bengaluru and New Brunswick in identified focus areas. In Startup Ecosystem Engagement, it will focus on developing programs to foster synergies between the startup ecosystems of both regions. "As part of technological collaboration, it will focus on advancing cooperation in sectors such as life sciences, deep technologies (cybersecurity, AI), and electronics," it said. Key areas of collaboration will include life sciences, deep ...

Graphisads and IIM Lucknow are set to launch 'G Force' - a new accelerator programme designed to cultivate aspiring entrepreneurs in the media sector

The Indian startup ecosystem is mature, with multiple tailwinds that are poised to escalate India to become the third largest economy in the world, said AWS' Kumara Raghavan. In a conversation with PTI, Raghavan, Head, Startups, Amazon Web Services (AWS) India, and South Asia, discussed the vibrant Indian startup scene, noting its strength and innovation potential. "We are the 5th largest economy, we are trending towards becoming the 3rd largest... factors that will contribute to it are labor addition, infrastructure growth, and efficiency improvements, where technologies like GenAI will play their part, a large developer ecosystem, the ability to build products in the country and serviced all over the world, then there are regulatory tailwinds like Make in India and Production Linked Incentive (PLI) scheme as well," he said. Raghavan lauded the maturity of the Indian startup ecosystem, noting the significant contributions of experienced founders who have embarked on multiple ...

Jammu and Kashmir LG Manoj Sinha on Sunday launched a new start-up policy with a focus to establish 2,000 start-ups in the Union Territory by 2027. The 'New Jammu & Kashmir Start-up Policy- 2024-27' will also provide patent-related assistance, financial assistance for mentorship to recognised start-ups, facilitation for department for promotion of industry and internal trade (DPIIT) registration and additional need-based support to start-ups working in diverse fields, Sinha said in Jammu. On February 22, Jammu and Kashmir administrative council headed by the lieutenant governor approved the new start-up policy in supersession to the start-up policy notified in 2018. The new policy provides for providing entrepreneurship facilities to students, women and support to the entrepreneurs through government, private and high net worth individuals (HNIs) for setting up start-ups. Terming the launch of the new policy as a giant leap for start-ups and innovators, the lieutenant governor ...

The empowerment of women through entrepreneurship and ease of living has gained momentum in the last 10 years, Finance Minister Nirmala Sitharaman said on Thursday while highlighting that female enrolment in higher education has gone up by 28 per cent in the period. Presenting the interim Budget 2024-25, she said 30 crore Mudra Yojana loans have been given to women entrepreneurs. "Female enrolment in higher education has gone up by 28 per cent in 10 years. In STEM (science, technology, engineering, mathematics) courses, girls and women constitute 43 per cent of enrolment - one of the highest in the world," the minister said. The "empowerment of women through entrepreneurship, ease of living, and dignity for them has gained momentum in these ten years", the minister said, adding that all these measures are getting reflected in the increasing participation of women in the workforce. "Making triple talaq illegal, reservation of one-third seats for women in the Lok Sabha and state ...

More and more Indian entrepreneurs from Europe and the United States are heading back to India where the economy is growing and opportunities are large, Saurabh Srivastava, the former NASSCOM chairman, has said. Today, more and more Indian entrepreneurs are heading back to India from Europe and the US have achieved success in those markets, Srivastava, the co-founder of the National Association of Software and Services Company (NASSCOM), said on the sidelines of Singapore Fintech Festival from November 15-17 here. This is because the economy is growing and the opportunities are large and the government is very focused on entrepreneurs. Srivastava said he wants to see the Indian economy growing at double-digit though it is stable at the current 6.5 per cent growth. Given the large 1.4 billion population, India should have a million startups to drive the economic growth, said the Padma Shree Awardee, who has funded about 150 startups. Indians are among the most inspirational people

India has great talent, but it needs to do more to nurture and build an ecosystem for entrepreneurship, the CEO of a top science body in the US has said. Indian-American Maya Ajmera, who is president and CEO of Society for Science, and the publisher of its award-winning magazine, Science News, made these comments on Wednesday after five Indian-American teenagers featured among 40 finalists of a prestigious science and maths competition for high school seniors in the US. Ajmera said that while India has great talent, it needs to do more to nurture and build an ecosystem for entrepreneurship. What has been interesting for me is the number of young South Asian Americans or Indian-Americans, applying and doing extraordinary research, but also being in our top 40 (of the finals of the prestigious Regeneron Science Talent Search), Ajmera told PTI in an interview. The finalists of this competition were chosen based on their projects' scientific rigour and their potential to become ...

The cost of failure was the wages lost for the period the start-up was running, stacked on the other side were the benefits success would bring

Provisions for subsidies for eligible people

Programme will help women, persons with disability, and people from the LGBTQIA+ community

Bihar Industries Minister Syed Shahnawaz on Friday said the state government is making all efforts to provide opportunities to young and budding entrepreneurs

"The new young India that is building their businesses, is aspiring to build sizable world champions in the consumer segments that they operate," Agarwal said

The group claims that India could have between 600-2,500 positive coronavirus cases as compared to the current 137 reported in the country

A proof of social acceptance of entrepreneurship would be when parents are delighted to have a start-up son-in-law