Business, News

Oracle’s First Batch of Indian Startups; Korean Government Launches Acceleration Program & More

The reason behind the initiative is to help India's startup ecosystem and to support to the Digital India initiative.

The reason behind the initiative is to help India’s startup ecosystem and to support to the Digital India initiative.

Oracle Cloud Startup Accelerator Announces its First Batch of Startups

New Delhi: Just two months after announcing its accelerator program for startups in India, Oracle has has announced its first batch. The reason behind the initiative is to help India’s startup ecosystem and to support to the Digital India initiative.

The first which have been selected include a plug-n-play search and recommendation engine for online marketplaces ExpertRec; a Fin-Tech startup focussed on alternate payment mechanisms, Niyo Solutions; a sleep monitoring device for Epilepsy, Sudden Infant Death Syndrome and Cardiac Attacks, Ray iCare; a mobile-first, automated employee onboarding platform, Tydy and an AR/VR technology platform Vear. Read More

Korean Government Launches Acceleration Program For Indian Startups

New Delhi: Ministry of Science, future planning and ICT, and NIPA (National IT Industry Promotion Agency) of Korea as an economy initiative has announced the launch of K-Startup Grand Challenge programme. The program will select 80 startups who’ll visit Korea for a week, to find that place in the final 40. These 40 startups will then begin their 3 months acceleration program in Pangyo

The aim of this acceleration program is to promote the expansion of an open entrepreneurship ecosystem in Asia and to assist in South Korea’s evolution into a prominent startup business hub in the region. The challenge will open gates for Indian tech startups – catering to different categories to enter the Korean market and further expand its reach to global customers. Read More

French Accelerator NUMA Opens Application for Second Batch

NUMA, French accelerator operating out of 6 locations around the world, including Bengaluru India, has opened up applications for the second season in Bengaluru and Mexico.

The deadline for application is June 30, 2016. The program includes a global network of mentors, weekly sessions with an entrepreneur-in-residence, access to the Global Accelerator Network, office hours with experts, curated workshops, bootstrapping cash and an office space in their Bengaluru centre. Apply Here

Zurich’s Swiss Re Sets up Accelerator for Insurance-Tech Startups in India

Bangalore: Zurich-based reinsurance giants Swiss Re is setting up a Fintech accelerator in Bangalore to tap into Indian startups. Swiss Re has partnered with Barclays Rise and the Alchemist Accelerator for the program. This will be a 16 week project aimed at mentoring startups in the insurance sector.

The firm has also partnered with Nasscom 10,000 Startups and Kyron. Swiss Re is looking at startups in the areas of internet of things (where devices can communicate to each other), innovative distribution channels and robotic advisors and analytics. The $13billion firm already has a technology centre in Bengaluru, which is its fifth largest facility globally after those in Zurich, London, New York and Bratislava (capital of Slovakia). Read More

IIT’s Accelerator Program ‘Mandi’ on Fast Track to Empower New Business Ideas

Mumbai: This year IIT Mandi’s accelerator program Mandi was selected as one of the 18 sites across the country for setting up technology business incubators under the government’s ‘Start-Up India’ initiative. The institute is now working on its new technology business incubator, named IIT Mandi Catalyst. IITs at Patna, Ropar, Mandi, Gandhinagar and Hyderabad, are in the process of setting up new incubators and strengthening the existing ones.

IIT Patna recently received funds worth Rs 47 crore from the central government’s department of electronics and information technology and the Bihar government to set up an incubation centre for electronics system design and manufacturing (ESDM). Read More

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