GICE – B School to Incubate Student Startups at BAL Space

8GND85B81bbgbThe Bangalore-based B school, Global Institute for Corporate Education (GICE), a centre of excellence for corporate education has come up with a centre for nurture young entrepreneurs and for addressing the rising concern created by lack of human resource by getting students of the B-school to intern with the start-ups during their two-year course. GICE has named its initiative as ‘start-up Incubation Centre’ and works in collaboration with Bangalore Alpha Labs (BAL).

The incubation centre was launched in the presence of Mr. Somendra Chaudhary, Managing Director of GICE and Mr. Ahimanikya Satapathy, Founder of Bangalore Alpha Labs.

The GICE Start-up Incubation centre will help resolve the issue of human resource by getting its students to intern with start-ups as part of their curriculum. The Start-up incubation centre will be put up in the GICE campus in Bangalore.

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Networkplay Acquires yoCAPTCHA For Online Advertising

Networkplay-Yo-captchaLaunched in 2011 by Innovese Technologies, yoCAPTCHA – is a CAPTCHA advertising platform, transforms difficult-to-read CAPTCHAs into engaging ad units. Ever since its launch, it has worked with over 100 publishers & served over a billion CAPTCHA impressions. Networkplay has acquired yoCAPTCHA, a platform for online advertising by Innovese Technologies, for an undisclosed amount. With this deal, the two of the co-founders Ankit Gupta and Dhruv Sogani of Innovese technologies will join board of Networkplay’s key strategic team.

As a part of the deal, Innovese co-founders Dhruv Sogani will head Business Development at Networkplay and Ankit Gupta will join as Head of Technology. Gupta will be responsible for developing and buying new technologies to support tech products that Networkplay will be offering to the marketplace, while Sogani will be responsible for driving new tech-driven business in addition to CAPTCHA.

Innovese Technologies founded by graduates from BITS-Pilani was incubated at the iAccelerator 2011(A CIIE-IIM Ahmedabad Program) where it raised seed fund from Anuj Pulstya, Maneesh Bhandari & CIIE. There after it has been closely mentored by them and Pranay Gupta (former Joint CEO of CIIE).

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Chennai based Sify Technologies to partner with tech start-ups

sify partner with Tech startupsSify Technologies has announced that it will explore avenues to invest in or partner with technology start-ups focusing on Cloud, Security and Managed services in India.

The company claims to have gathered Rs 30 crore capitals from its promoters, with plans to pull in an additional Rs 120 crore based on the decisions made by its director board. So, it is fair to assume Sify is launching an Rs 150 crore ($22.7 million) fund.

These investments or partnerships will be particularly directed at those companies with synergies to Sify’s current business lines.

The aims to strengthen and differentiate Sify’s current service and product offerings both for domestic and international markets, and through strategic relationships with target companies outside of India, expand its presence in key markets outside India.

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India’s first Online Memorial portal – Shradhanjali.com

shradhanjali.com-ad
As per the founders of Shradhanjali.com, it is India’s first and only memorial portal. It helps us relive lives and memories of our parted loved ones. On this portal, you can make a complete page of your loved ones with biography, photos, videos, family details, condolence messages, background music and set birth and death anniversary reminders for relatives and pass on the legacy to our future generations.

But wait… its not free! The portal charges Rs 2700 towards the upkeep of the Online Memorial for a period of 5 years.

The start-up aims to preserve the memories of departed loved ones on a digital platform. Users can create archive of their ancestors or departed family members and upload information like biography, photos, videos, family details, social services etc.

They can also set birth and death anniversary reminders for relatives and pass on the legacy to the future generation.

 

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RailYatri: a Crowd Sourced Platform for Train Travellers in India

RailYtriDelhi based startup RailYatri has launched a crowd sourced platform called Rail Wisdom for travelers to share and seek information from fellow travelers taking the train.

RailYatri which works with the Indian railways to provide information for passengers, wants to make this into a portal that will have information around more than 8000 railway stations that cover over 80% of the country.

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Karnataka Gov is sponsoring 50L per Entrepreneur: Are you ready to fly to Silicon Valley?

gov-of-karnatakaGovernment of Karnataka is taking a unique initiative – by sending 25 entrepreneurs to Silicon Valley for 3-4 years to understand the start-up culture; interact with angel investors and other entrepreneurs. It plans to launch this cross-border entrepreneurship program in September in partnership with Indian entrepreneurs in the US.

In good news for entrepreneurs from Karnataka, the state government will sponsor them for a stay in the US so that they learn the rudiments of the business.

The government will fund Rs 50 lakh per entrepreneur and there will be an identical contribution from investors of Indian origin in Silicon Valley.

 

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Launch of SMEthing.com : A Marketplace for Startups and SME Vendors

smething.com

A new platform where startups and SMEs can find good, active and useful providers who understand their needs and constraints best is launched by NextBigWhat called SMEthing.com. The website started as Pluggd.in, later re-branded itself as NextBigWhat.com.

NextBigWhat’s SMEthing.com, will be a platform where startups and SMEs can find good, active and useful providers who understand their needs and constraints best; without having to navigate the ocean of listings that yellow pages are or having to screen the gamed, often irrelevant results on search engines. (more…)

NASSCOM Launches first Startup Warehouse for Tech startups

nasscom-startup-10000India’s IT industry representative body NASSCOM – the National Association of Software and Service Companies has opened its first co-working facility. It’s called Start-up Warehouse, and it’s created for tech start-ups and the entrepreneur community in the Diamond district of Bangalore.

 

Located in Bangalore’s Diamond district, the warehouse has about 10,000 square feet space with approximately 70 seats. The entrepreneurs will also have leased internet line, power backup, and four meeting rooms.

 

Its a part of the joint initiative launched by Nasscom in April 2013 with partners like Google, Microsoft and Verisign, the ’10K initiative’ is aimed at nurturing 10,000 start-ups in the next few years.

 

 

 

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A Chennai Startup plans ‘Women-Only’ Cyber cafes with Harvard University grant

TO GO WITH AFP STORY An Iranian woman sWomen in general, mostly from the suburbs, do not use cyber cafes much, even though they may be good with computers and the internet.

Thanks to the grant awarded to EmpowHer by the Omidyar Grant for Entrepreneurship in South Asia by Harvard University’s South Asia Institute. The grant aims to assist projects and organizations looking at entrepreneurial solutions to social and economic problems in South Asia.

empowHer is an Indian start-up focusing on technology empowerment of women in India. empowHer intends to enhance technology access for women. We also aim to create safe, comfortable, and information rich spaces for women.

The company aims to create safe, comfortable and information-rich spaces for women. The project is planned for city suburbs like Tambaram or small towns like Kanchipuram, around 70 km from here.

 

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Why India is not a “Ideal Place” for Tech / IT startups

bangaloreThough Bangalore is proving that it is by far and away India’s startup capital, aided in the assumption of this title by the software companies which first put the city on the global map. A strong community of engineers with global work experience, savvy customers and growing pools of early-stage capital, are transforming the city into a global startup hub, much like the Silicon Valley in the United States.

A number of Indian enterprise technology companies are now shifting base out of the country to grow faster. Lack of sufficient risk capital, not enough profitable exits for investors and fewer customers willing to experiment with technology are making hordes of entrepreneurs take this decision.

Many of the firms are moving to Silicon Valley, California, known for its startup-friendly ecosystem that nurtured iconic companies like Apple, Google, Salesforce and Twitter.

 

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25 key lessons Eric Schmidt taught us on Nasscom meet at NewDelhi

google-chairman

 

Google’s Executive Chairman Eric Schmidt stopped by in Bangalore and spent about 4 hours at the Google’s office in the city, talking to employees. Schmidt also met with senior government functionaries in Delhi, to talk about Google’ joint initiative with Nasscom and Microsoft India to help start-up companies in India.

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Why startup partnerships fail prematurely?

If you have a partner, you are bound to have fights. 65% percent of all startups fail due to co-founder conflict. Look at the most common types of conflicts in a startups. Do You Recommend Any Of These Solutions?

Married couples argue 321 times a year. Although there is no statistics about co-founder fighting – the number is probably not too far

When you throw together two ambitious people from different backgrounds and have them live and work in close quarters under the pressure of having little money and the constant fear of the startup failing – conflicts are bound to happen.
conflicts-that-kills-partnerships

How to raise seed capital for your startup?

Raising money is simple but not easy. This guide illustrates one way of raising money for a startup, especially for first-time entrepreneurs. We have seen quite a few entrepreneurs go from nothing to a funded company. This infographic is a generalization of their experience.

 

how-to-raise-money-for-startup

1 NYC & 1 Gurgaon startup makes it easy to find & hire maids online!

Now Hire Maids Online!

2 new online startups have emerged to take the hassle out of finding and scheduling a professional maid to clean your apartment or house.  The startups are the themaidscompany.com from Gurgaon and getmaid.com of NewYork City. Though both of them offer more or less easy ways to find and hire maids online – though the business models are not the same.

Getmaid.com

getmaid-startup

Getmaid is positioned as a premium service that makes it easy to quickly book a maid via its Android & iPhone apps or from website, GetMaid.com. The cost for hiring a maid is a flat $45 per hour, which includes tip and eco-friendly cleaning supplies. To the transaction simple – its billed directly to the credit card of your profile after cleanings are finished. The hourly fees are prorated, so, if the job is done in an hour and a half, you don’t end up paying for the whole 2nd hour. User can book anytime between 9:30am and 6:00pm, seven days a week. But at this moment its limited to new york City only. The co-founders hope to begin rolling out into more cities next year. (more…)