Startup Ecosystem News - Latest Updates & Headlines
Simonsson: India has innovation conditions, needs fewer barriers
New Delhi, April 11: India's expanding role in the global AI race came into focus at the Carnegie Global Technology Summit, where Jon Simonsson, Senior Director at the Prime Minister's Office of Sweden, praised the country's knowledge ecosystem while pointing to areas that could further accelerate innovation.
FM Sitharaman rolls out red carpet for Austrian companies to invest in India
Vienna, April 11: Finance Minister Nirmala Sitharaman on Friday invited Austrian companies to invest in India and highlighted the huge potential for strengthening bilateral economic ties between the two countries in renewable energy, electric vehicles, innovations and startups.
Bihar IT Minister hands over office space to 10 startup companies
Patna, April 7: Bihar Information and Technology Minister Krishna Kumar Mantu inaugurated office spaces for 10 new IT startups and handed them over to young entrepreneurs free of cost at Biscomaun Tower, providing a fresh boost to the startup ecosystem in Bihar.
Israel sees decline in hi-tech workforce for first time in decade: report
Jerusalem, April 7: The number of employees in the Israeli hi-tech sector recorded its first decline in a decade in 2024, according to a report published by the Israel Innovation Authority on Monday.
After minister's nudge at 'Start-up Mahakumbh', Shark Tank's Aman Gupta vows to aim higher
New Delhi, April 6: Aman Gupta, one of the popular judges of ‘Shark Tank’ reality show, joined the raging debate on India’s ‘vegan ice-cream' start-ups as compared to Chinese semiconductors and electronics businesses and extended support to Union Minister Piyush Goyal’s call for better ideas and innovation in Indian start-up ecosystem.
GeM facilitates over Rs 38,500 crore in transactions for 30,000+ startups
New Delhi, April 6: The government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for 30,000+ startups, reinforcing its position as a true catalyst in India's innovation ecosystem, the Ministry of Commerce & Industry said in a statement on Sunday.
Inspired... Ease My Trip Co Founder Rikant Pittie enters start-up debate, pens Linkedin post
New Delhi, April 6: Union Minister Piyush Goyal's straight talk on the Indian startup ecosystem at Start-up Mahakumbh has ignited a debate. Amidst this, EaseMyTrip CEO and co-founder Rikant Pittie highlighted the transformative journey of a "bootstrapped company" that has redefined travel with cutting-edge technology.
Bhubaneswar: Odisha Divas celebrated at Raj Bhawan; cultural program highlights event
New Delhi, April 2: The youth of Odisha are the true architects of its future, said Governor. Hari Babu Kambhampati while addressing the grand Odisha Divas celebration at Raj Bhavan on Tuesday.
'Crucial investment in Kerala's technological development': Kerala CM on Gtech's 'Permute 2025'
Thiruvananthapuram, March 29: Kerala Chief Minister Pinarayi Vijayan on Saturday inaugurated the skill summit 'Permute 2025' organised by Group of Technology Companies (Gtech). During his speech, the Chief Minister called it a crucial investment in Kerala's technological development.
Startup Mahakumbh 2025 to drive India's innovation landscape, economic transformation
New Delhi, March 29: Following the tremendous success of its inaugural edition, Startup Mahakumbh 2025 is all set to drive India's innovation landscape and economic transformation.
India must transition from service-based to product-based industry model: NITI Aayog
New Delhi, March 24: India must transition from a service-based to a product-based industry model, said Dr. V.
Piyush Goyal attends Assembly-level startup festival in Gujarat's Vejalpur constituency
Ahmedabad, March 22: Union Commerce Minister Piyush Goyal on Saturday attended the legislative-assembly-level startup festival in Ahmedabad's Vejalpur.
India aims to take number of unicorns to 5,000 in future: Piyush Goyal
Ahmedabad, March 22: Amid a thriving startup ecosystem, India aims to take the number of unicorns from the current 118 to 1,000 and even 5,000 in the future, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.
India's bioeconomy sees 16-fold rise to reach $165.7 billion in 10 years: Minister
New Delhi, March 21: India's bioeconomy has witnessed 16-fold rise in the last 10 years -- from $10 billion in 2014 to an impressive $165.7 billion in 2024, the government said on Friday.
DPIIT partners with Yes Bank, Kyndryl to boost startup ecosystem in India
New Delhi, March 20: In a major step towards strengthening India's startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday joined hands with Yes Bank to support innovators and entrepreneurs across the country.
Creators must take the India story to the world, says Piyush Goyal
New Delhi, March 13: Union Minister of Commerce & Industry Piyush Goyal on Thursday urged the creative industry to take India's story to the world and contribute further to its economic growth.
Goa CM Sawant introduces new programs to develop state into entrepreneur hub
Panaji, March 13: Chief Minister Pramod Sawant on Thursday emphasised Goa's vision of becoming a leading entrepreneurship hub in the country through a series of innovative programs, said an official release.
Indian biotech startups grew from 50 in 2014 to 8,531 in 2023: Jitendra Singh
New Delhi, March 12: The number of biotech startups in the country has grown from 50 in 2014 to 8,531 in 2023, said Jitendra Singh, Minister of State (Independent Charge) for Ministry of Science and Technology on Wednesday.
India to become world's largest Web3 developer hub by 2028: Report
Bengaluru, March 11: India is rapidly emerging as a global leader in the Web3 space and is expected to become the world's largest Web3 developer hub by 2028, according to a report on Tuesday.
Efforts to empower poor and middle class: Assam CM Sarma
Guwahati, March 10: Assam Chief Minister Himanta Biswa Sarma on Monday said that the state government is continuing to empower the poor and the middle class, adding that they have to make Assam one of the leading states of our country.
30 startups secure over $355 million in funding this week, up 335 pc
New Delhi, March 8: At least 30 startups secured more than $355 million this week, which included three growth-stage and 20 early-stage deals.
India 2nd after US in all time funding for women-run tech startups
Bengaluru, March 7: The Indian tech startup ecosystem now ranks second, after the US, in terms of all-time funding raised by companies with women founders, with a total of $26 billion in this space to date, a report showed on Friday.
India bets big on developing indigenous AI, empowering local innovation
New Delhi, March 7: As artificial intelligence (AI) becomes all-pervasive in our lives, the government has launched several key initiatives under the IndiaAI Mission, marking a major milestone in India's journey towards developing responsible and ethical technology.
India's digital economy grows 10 times, races towards $1 trillion mark
Bengaluru, March 7: India's digital economy has grown 10 times, racing towards the $1 trillion mark amid an evolving IPO market which accounted for over 30 per cent of global listings last year, a report showed on Friday.
Union Budget paves way for stronger workforce, education system going through huge transformation: PM Modi
New Delhi, March 6: Noting that this year's Union Budget paves the way for a stronger workforce and a growing economy, Prime Minister Narendra Modi on Wednesday said that the country's education system is going through a massive transformation.
Rs 20,000 cr Budget allocation to help make India a global innovation hub: Minister
New Delhi, March 5: India achieved third rank globally in the startup ecosystem in the last decade, reaffirming the government's commitment to making India a global innovation hub, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Wednesday.
Indian startups raise over Rs 13,800 crore in Feb, AI funding grows
New Delhi, March 4: Indian startups raised a total of nearly Rs 13,800 crore ($1.65 billion) in February this year, a 19.5 per cent increase from nearly Rs 11,460 crore ($1.38 billion) in January, according to a new report.
India's tech strides propelling into era of digital leadership: Union Minister
New Delhi, March 3: India's remarkable strides in technology and telecommunications sectors are propelling into a new era of digital leadership and economic prosperity, said Minister for Communications and Development in North-East Region, Jyotiraditya M. Scindia, on Monday.
Union govt promoting grassroots innovators for first time in India: Union Minister Jitendra Singh
Gandhinagar, March 2: The union government is promoting and acknowledging grassroots innovators for the first time in India, said Union Minister Dr. Jitendra Singh on Sunday while addressing the silver jubilee celebration of the National Innovation Foundation (NIF).
Centre boosting grassroots innovators for first time in India: Jitendra Singh
New Delhi, March 2: The PM Narendra Modi government is promoting and acknowledging grassroots innovators for the first time in India, Union Minister Dr Jitendra Singh said on Sunday.
Government e-Marketplace enables startups fulfil orders worth Rs 35,950 crore
New Delhi, March 2: In alignment with the societal development of the nation, the government e-Marketplace (GeM) has enabled startups to fulfil orders worth Rs 35,950 crore, it was announced on Sunday.
India is becoming land of infinite innovations: PM Modi
New Delhi, March 1: Prime Minister Narendra Modi on Saturday said that the land that gave the world the concept of zero, is now becoming the land of infinite innovations, adding that India was not only innovating but also "Indovating," meaning innovating the Indian way.
Technology is the pillar for a trillion-dollar economy, CM Fadnavis
Mumbai, Feb 28: Maharashtra Chief Minister Devendra Fadnavis said on Friday that technology is the main pillar for development especially when the state government has set an ambitious target of $1 trillion economy.
India clocks 9.9 pc global share of VC deals for startups in January, pips China
New Delhi, Feb 27: In a remarkable feat, the venture capital (VC) funding landscape for startups in India surged by 69.7 per cent (year-on-year) to $883.2 million (by value) in January, according to a new report.
Defence Minister asks IIT-Mandi students to boost R&D
New Delhi, Feb 24: Urging IIT-Mandi students to take a lead in R&D, Defence Minister Rajnath Singh said on Monday that India's technological sector is on the rise and is expected to reach $300-350 billion in the next five years.
Necessary to make Indigenous AI chips for defense, Union Minister Rajnath Singh
Mandi, February 24: Union Defence Minister Rajnath Singh emphasised the necessity to make Indigenous AI chips for defence and firewalls to ensure the cyber security of the nation.
22 Indian startups raise over $184 million in funding this week
New Delhi, Feb 22: At least 22 Indian startups raised more than $184 million in funding this week, which included 10 growth-stage deals and 12 early-stage rounds.
Govt to play facilitator, catalyst for investors: CM Vijayan at Invest Kerala Global Summit
Kochi, Feb 21: Chief Minister Pinarayi Vijayan on Friday while addressing global investors and dignitaries at a two-day Invest Kerala Global Summit (IKGS) -2025, said the state’s investment scenario was on the cusp of history as all are witnessing progress and change for the better in the investment arena.
MP sets new policies to boost MSMEs, Start-ups and more
Bhopal, Feb 18: The Madhya Pradesh government has rolled out a series of innovative policies aimed at promoting Micro, Small, and Medium Enterprises (MSMEs) and invigorating other key sectors.
India headed to become $30-35 trillion economy in next two decades: Piyush Goyal
New Delhi, Feb 16: Minister of Commerce and Industry Piyush Goyal on Sunday said that India is well on track to become a $30-35 trillion economy in the next two decades propelled by the country's focus on innovation, entrepreneurship, and inclusive growth.