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  IESA WINWire July 23 - July 29, 2016 for Subscription click here  
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Government to invest Rs 200 crore on scaling up existing incubators
Source: The Economic Times; July 23, 2016

http://economictimes.indiatimes.com/small-biz/startups/government-to-invest-rs-200-crore-on-scaling-up-existing-incubators/articleshow/53358327.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Government will identify 10 incubators out of existing 200 such centres and invest Rs 200 crore on scaling up their capacity, Niti Aayog CEO Amitabh Kant today said.

"There are 200 existing incubation centres. We will scale up 10 best incubation by 10x. We have received 120 applications for the same. We will select 10 and to each incubator we will produce Rs 20 crore,"

Kant said at Startup India state's conference.

He said the government will invest Rs 20 lakh to support existing tinkering labs.

"We are going to set up 100 new incubation centres this year. We have received 3,000 applications for it," Kant said.

He said the government is soon going to start a contest to find out solution for problems in India.

"Can we do a flyover, which takes 4-5 years, in 30 days and to my mind it is possible," Kant said.

He said that challenge will include developing solution for farming to help farmer decide which seed should be sown in a particular season depending on soil and weather condition to get maximum output. The government will look at finding solution for sewage problem and solving water crisis as part of the contest, he said.

"Grand challenge will be launched shortly. There is huge opportunity," Kant said.

Kerala’s Startup Village named India’s best incubator
Source: Ciol; July 23, 2016

http://www.ciol.com/keralas-startup-village-named-indias-best-incubator/


Startup Village, which has supported nearly 590 physical and virtual incubatees in Kochi and 200 in Visakhapatnam, has been named India’s best startup incubator by the Entrepreneur Magazine in their list of 100 best startup incubators in India.

“It is a great honor for Startup Village to be named the country’s best incubator just as it gears up for even bigger challenges in its search for a billion dollar campus startup,”

said Kris Gopalakrishnan, Infosys Co-Founder and Chief Mentor of Startup Village.

Also, last week, Startup Village entered its second phase with Kerala Chief Minister PinarayiVijayan launching the online platform SV.CO that aims to provide a fully digital incubation framework to five million students in 3,500 engineering colleges across the country.

“SV.CO is the next big iteration of Startup Village, to give a world class student startup ecosystem to all 5 million engineering students in India, who will build the future of our nation,”

Startup Village Chairman Sanjay Vijayakumar said.

Other startups including Ola, FreeCharge, Tally, FreshDesk and Citrus Pay are already supporting student startups through SV.CO.

“The PPP model of Startup Village gives its tremendous ability to create deeper impact and it has been changing the whole culture of student entrepreneurship across the nation.”

Karbonn to manufacture 30 million smartphones per year from Haryana plant
Source: The Financial Express; July 24, 2016

http://www.financialexpress.com/industry/companies/karbonn-to-manufacture-30-million-smartphones-per-year-from-haryana-plant/327112/

The homegrown smartphone maker Karbonn Mobiles expects to manufacture 30 million mobile units per year from its recently launched third mobile manufacturing plant in Bawal, Haryana. In a statement company said that the Haryana plant which was set up within a short span of six months had 22 assembly lines and would manufacture 30 million mobile units per year. According to company officials, the Bawal, Haryana plant is currently manufacturing 1.5 million units in a month and company expects production to increase to 2.5 million by end of 2016. In order to bring customised products in market at a faster time, the company would also be skilling 4000 employees at the Haryana plant. Karbonn Mobiles already has two manufacturing units in Noida and this plant in Haryana is the third one. In addition, company is setting up fourth unit – an integrated facility at Tirupati, Andhra Pradesh in order to venture into accessories and battery manufacturing. The plant that will be operational by September 2016 would feature surface-mount technology (SMT) production and assembly lines, along with charger and battery units for the supplies.

Extended warranty on electronics is a good bet in the long run
Source: Moneycontrol; July 24, 2016

http://www.moneycontrol.com/news/expert-columns/extended-warrantyelectronics-isgood-betthe-long-run_7099381.html?utm_source=ref_arti

Until recently, the term extended warranty was something that mostly vehicle owners were familiar with. Now, with such plans available even on consumer electronic products, it is important to not only be aware of them but also to know how to avail them. So, if you are in the market for that latest microwave oven or swanky air-conditioner, here’s a quick lowdown on extended warranties and how they may prove useful in reducing long-term ownership hassles. What is an extended warranty? Manufacturers usually offer a standard warranty on products which is basically a promise to repair or replace a product within a specified time frame in the event of any manufacturing defect. An extended warranty is a service agreement that helps to increase or extend this period of time. Simply put, if the standard warranty offered by the manufacturer on your new air-conditioner is one year, you can opt to extend this to three years by purchasing an extended warranty for two additional years.

Extended warranties are offered by service providers other than the manufacturer and consumers are often given the option to include the additional coverage either at the time of purchase or when the standard warranty is approaching its end date.

India is youngest start-up nation with 72% founders below 35 years: Nirmala Sitharaman
Source: The Economic Times; July 24, 2016

http://economictimes.indiatimes.com/small-biz/startups/india-is-youngest-start-up-nation-with-72-founders-below-35-years-nirmala-sitharaman/articleshow/53354649.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Start-ups are the next big economic force in India, the world's youngest startup nation with 72 per cent founders below 35 years of age, Commerce and Industry Minister Nirmala Sitharaman said here on Saturday.

"Start-ups are the next big economic force in India. Close to 4,400 technology startups exist in India and the number is expected to reach over 12,000 by 2020. India is the world's youngest start-up nation with 72 per cent founders less than 35 years,"

Sitharaman said at the Start-up India states' conference.

India has been pegged at third place behind US and Britain in terms of the number of start-ups.

"Government is committed to make Start-up India initiative a scalable reality and to provide an environment for our start-ups to thrive in. Through the initiative, we want to ensure that the momentum is accelerated. We are determined to make it a start-up revolution," she said.

"The government will facilitate to ensure that world's best start-up ecosystem is in India," she added.

The government has operationalised the Start-up India Hub on April 1, 2016 to resolve queries and to provide hand-holding support to start-ups.

The hub has catered to more than 13,500 queries received from start-ups through telephone, email and Twitter, she added.

Indian auto industry experts moot investment in new tech, capacity and kaizen to achieve global standards
Source: Autocar Professional; July 25, 2016

http://www.autocarpro.in/news-national/indian-auto-industry-experts-moot-investment-tech-capacity-kaizen-achieve-global-standards-21111

In the coming years, there would be a flatter world sans barriers in automotive trade and companies need to be cognisant of this fact to be ready to tap opportunities that present themselves. From being a blip 35 years ago on the global auto market, the growing Indian automotive industry is en route to reaching global levels.

India is at present the sixth largest car manufacturer globally and is slated to reach the third position in the pecking order by 2020, said RC Bhargava, chairman of Maruti Suzuki India, while speaking at the National Conference on ‘Changing trends in automotive supply chain’ organised today by the Automotive Components Manufacturers Association (ACMA).

“At present 31 percent of the small cars sold in the world market are made in India and this figure will rise in the future. India leads in small car production and this will continue giving India a clear advantage in meeting global demand for small cars. What it portends for auto companies in India is a huge opportunity as opportunities knock on your door once only and don’t return once missed,” he elaborated.

With lowering barriers and more Free Trade Agreements being signed between countries enabling more access to global markets, Indian auto component firms need to tap global opportunities to the optimum. For this, maintaining global quality levels is a must.

India's smartphone revolution: 35 units, 37,000 jobs in 2 years
Source: Business Standard; July 25, 2016

http://www.business-standard.com/article/companies/india-s-smartphone-revolution-35-units-37-000-jobs-in-2-years-116072500005_1.html

India has seen about 35 new smartphone factories in the past two years, with a production capacity of about 18 million devices a month, since the central government had announced a tax rationalisation for electronics products to boost local electronics manufacturing. The new manufacturing units have generated employment for 37,000 people and led to fivefold increase in capacity. According to an official in the electronics and information technology ministry, overall mobile phone production capacity was about 68 million units in 2014, 100 million in 2015 and 350-400 million till July this year. With India becoming a global hub for mobile phone manufacturing, the government has set a target of 500 million devices a year by 2020, riding on an incentive policy and availability of good talent.

“Production capacity has reached 350-400 million in July 2016. The government has set up a task force with a vision to produce 500 million phones by 2019-20 and create five million jobs. The aim of the initiative is to export 120 million phones,”

Pankaj Mohindroo, Indian Cellular Association (ICA) founder and president, told Business Standard.

He said by 2020, the industry could reach Rs 3 lakh crore.

“With the target, for which the task force is working and we have achieved initial success, manufacturing activities have gone up in the country,” Mohindroo added.

Smart City proposal: PMC inks pact with Odisha firm
Source: The Times of India; July 25, 2016

http://timesofindia.indiatimes.com/city/patna/Smart-City-proposal-PMC-inks-pact-with-Odisha-firm/articleshow/53384091.cms

The state capital missed the 'Smart City' bus in the first two phases, but the Patna Municipal Corporation (PMC) is leaving no stone unturned to ensure the city makes it to the list in next phase. The civic body has inked an agreement with a Bhubaneswar-based tech consultant to prepare a Smart City Proposal (SCP) to be sent to the Union urban development ministry for Patna's inclusion in the "Smart City list".

"The consultants will have about 100 days to prepare the proposal,"

PMC commissioner Abhishek Singh told TOI.

The consultants also have an office in Patna, Singh said and added,

"We are trying our best to ensure that Patna catches the Smart City bus. It will also depend on the type of proposal being prepared."

Some of the elements that must form part of an SCP are assured electricity supply with at least 10% of the Smart City's energy requirement coming from solar, adequate water supply including waste water recycling and storm water reuse, sanitation including solid waste management, rain water harvesting, smart metering, robust IT connectivity and digitization, pedestrian-friendly pathways, encouragement to non-motorised transport, intelligent traffic management, non-vehicle streets/zones, smart parking, energy-efficient street lighting and ensuring safety of citizens especially children, women and elderly.

Mouser Electronics and Grant Imahara Launch Groundbreaking Contest to 3D-Print Design Aboard International Space Station
Source: prnewswire.com; July 25, 2016

http://www.prnewswire.com/news-releases/mouser-electronics-and-grant-imahara-launch-groundbreaking-contest-to-3d-print-design-aboard-international-space-station-300303121.html

Mouser Electronics Inc. today announced that celebrity engineer Grant Imahara and former commander of the International Space Station (I.S.S.) Colonel Chris Hadfield are among the guest judges for the I.S.S. Design Challenge, the newest series in the exciting Empowering Innovation Together™ program. Mouser is accepting entries for this incredible competition now through Oct. 7, 2016.

The I.S.S. Design Challenge, co-sponsored by Mouser's valued suppliers Amphenol and Intel®, is a call to college and university students, engineers, and makers, to create a 3D-printable project designed to help I.S.S. astronauts in space. Designs may include small electronics to be used with the object. All entries will be judged by Grant Imahara and Col. Chris Hadfield.

"Imagine how exciting it would be to see your design made in space,"

said Glenn Smith, President and CEO of Mouser Electronics, a leading global distributor of the newest semiconductors and electronic components.

"We are really excited to present this unique contest. We hope our wide range of electronic components will enable people to create whatever their imagination sparks."

Startup Karnataka launches Booster kit to give a leg-up to startups
Source: Yourstory; July 25, 2016

https://yourstory.com/2016/07/startup-karnataka-booster-kit/


Karnataka’s IT, BT and Tourism Minister Priyank Kharge on Monday announced a Startup Booster Kit that is expected to be a game-changer in Bengaluru’s startup ecosystem, which is the second fastest growing in the world. Bengaluru is also the only Indian city to be ranked amongst the best 15 startup ecosystems across the world. The minister announced Rs 400-crore worth of packages that will be distributed in the form of grants and equity through various State government funds to startups, micro and small enterprises in IT, BT and other manufacturing sectors over the next four years. He said funds were not a problem as he expects to raise upto Rs 2,000 crore to keep up the momentum in growth as well as accelerate the system so that Bengaluru continues to nurture growth in this area. The booster kit contains a gamut of software tools, cloud credits, access to mentors, legal and accounting consultants; access to State-funded and supported incubators, among others. A power-packed collection of software tools and services available at a special price tailor-made to cater to the needs of young startups, the booster kit is available to all startups registered with the Karnataka Startup Cell. Startup Karnataka is like a single-window agency through which startups can get access to a complete ecosystem needed for their growth from an idea to enterprise stage.

Telangana districts gradually emerging as start-up hubs’
Source: The Economic Times; July 25, 2016

http://economictimes.indiatimes.com/small-biz/startups/telangana-districts-gradually-emerging-as-start-up-hubs/articleshow/53384356.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Not just Hyderabad but lesser known districts of Telangana are gradually emerging as start-up hubs with Samsung identifying several app developers from these districts for further mentoring as part of the MoU signed between the company and the Telangana Academy of Skill and Training (TASK) earlier this month. Over 500 youth and 75 faculty members from across Telangana were provided skill development training on Samsung's Tizen OS platform and three app developers were shortlisted for mentoring at T-Hub, considered the biggest incubator in the country. These apps are Girlish that provides a one stop shop on beauty options for women, Target MBA which provides information about the course curriculum and list of colleges, while Yummy Foods was the third app to be shortlisted of the over 90 apps that were created and uploaded on the Tizen Store by the engineering students. Apps developed by the students were on diverse topics that included religion, beauty and public services among others.

Sujiv Nair, CEO of TASK, termed it a proud moment as the apps were developed by students from Medak, Khammam, Nizamabad and Ranga Reddy districts as a testimony of the talent potential available in Telangana.

3rd National Workshop on IPR Awareness on the theme "Protect and Create IP Wealth in India" hosted at Bangalore
Source: India PR Wire; July 25, 2016

http://www.indiaprwire.com/pressrelease/advertising/20160725417516.htm

Event supported by Software Technology Parks of India (STPI), Karnataka State Electronics Development Corporation (KEONICS), India Electronics and Semiconductor Association (IESA) and Global Cyber Security Response Team Focus on Intellectual Property as a powerful engine for economic growth via commercialization of IP. MAIT, in association with Software Technology Parks of India (STPI), Karnataka State Electronics Development Corporation (KEONICS), India Electronics and Semiconductor Association (IESA) and Global Cyber Security Response Team organized a National Workshop on creating 'IPR Awareness' recently at Hotel Le Meridien, Bangalore. The welcome address was delivered by Mr. Krishnakumar P, Vice President, MAIT while the Workshop was inaugurated by Mr. R K Srivastava, Managing Director, KEONICS, Government of Karnataka.The keynote address was delivered by Mr. P K Das, Director, STPI Bangalore. The theme of the Workshop was "Protect and Create IP Wealth in India". The Workshop aimed to create awareness and provide guidance to the participants on best practices and rules related to intellectual property rights, obligations within the frame work of the IPR Policy of India and fundamentals of cyber security laws and assistance related to IPR.

Mercedes, GE among 'Make in India' investors: Govt
Source: Deccan Chronicle; July 26, 2016

http://www.deccanchronicle.com/business/in-other-news/260716/mercedes-ge-among-make-in-india-investors-govt.html

Domestic and foreign companies like Mercedes Benz India, General Electric, Toshiba and PepsiCo have made investments under the government's 'Make in India' scheme between 2014 and 2016, Parliament was informed today.

"Investments have been made under the 'Make in India' scheme between 2014 and 2016 by domestic and foreign companies like Mercedes Benz India, International Tractors Limited, Jaya Montupet, Isuzu Motors, General Electric, Toshiba Transmission and Distributions Systems India Private Limited and PepsiCo,"

Minister of State for Finance Arjun Ram Meghwal said in a written reply to the Rajya Sabha.

The minister further said that after the launch of 'Make in India' campaign in September 2014, FDI inflows have increased by 46 per cent during October 2014 to May 2016, from USD 42.31 billion to USD 61.58 billion in comparison to the previous 20 months (February 2013 to September 2014). The 'Make in India' initiative was launched in September 2014 to make the country a manufacturing hub of the world.

Defence electronics may generate $72 bn biz: IESA
Source: Deccan Herald; July 28, 2016

http://www.deccanherald.com/content/560560/defence-electronics-may-generate-72.html

India’s defence electronics business will add $72-billion market opportunities within the next 10-year period, and the government has decided to form a task force to come up with new policy initiatives.

In an interaction with DH, India Electronics and Semiconductor Association (IESA) President M N Vidyashankar said the organisation has presented a report before Defence Minister Manohar Parrikar, last Monday in New Delhi.

“IESA presented the report before the defence minister on the opportunities in defence electronics, both platforms and systems, and quantified it at $72 billion. We gave him the smallest details on sectors to understand how the IESA reached this volume. The Defence Ministry will soon appoint a task force to look at tapping the low hanging fruits in this business segment,” said Vidyashankar.

The IESA president also said the meeting had the participation of the Defence Ministry Secretary, the Additional Secretary of DeitY, the Joint Secretary of DeitY, Directors of DeitY, and all service chiefs. If the low hanging business opportunities are capitalised soon, Vidyashankar said India will get many marketing and manufacturing opportunities in this sector.

Karnataka govt offers funds worth $57M for startups
Source: Medianama; July 27, 2016

http://www.medianama.com/2016/07/223-startup-karnataka-funding/

Startup Karnataka, the Karnataka Government’s startup initiative has released a “booster kit” (pdf), a host of packages ranging from cloud, internet, telephony, software, payment gateway, finance and funding, incubation, marketing, tax and patent incentives and accounting services. Startup Karnataka states that the packages are subject to modification based on its agreements with Karnataka Biotechnology and Information Technology Services (KBITS) and the partner companies.

Interestingly, the initiative also has the following funds worth Rs 385 crore or $57 million overall:

  • The Karsemven Fund is worth Rs 100 crore and startups under semiconductor, electronics system design & manufacturing (ESDM), Embedded Systems and related sectors.
  • The Kitven-3 (BioVenture Fund) is wroth Rs 50 crore and covers sectors: biotechnology, life sciences and related fields.
  • The Idea2PoC fund is worth Rs 10 crore and covers all technology sectors.
  • Another Idea2PoC fund is worth Rs 2.5 crore and specialises in agriculture.
  • The third Idea2PoC fund is worth Rs 2.5 crore and deals in tourism.

LeEco buys electronics manufacturer VIZIO for $2B
Source: Medianama; July 27, 2016

http://www.medianama.com/2016/07/223-leeco-buys-vizio/

Chinese smartphone maker LeEco has acquired US based consumer electronics manufacturer VIZIO for $2 billion. Post acquisition, VIZIO’s technology patents, intellectual property, hardware and software business will be owned and operated as a fully owned subsidiary of LeEco, while VIZIO’s data business ‘Inscape’ will be spun off and operated as a separate, privately owned entity. The transaction is expected to be closed during the fourth quarter of this year and is subjected to shareholders, and other regulatory approval.

The VIZIO executive management team will retain its position and operate independently from its existing headquarters in Irvine, California.The VIZIO brand and its portfolio of products will continue to be sold through its existing distribution channels and its customer service will also remain in place.

Founded in 2012, VIZIO manufactures branded consumer electronics products including Smart TVs, speakers, and a SmartCast app for casting or streaming content from smartphones and other devices onto VIZIO TV’s. Interestingly, LeEco also in into the business of manufacturing a range of smart LED TVs apart from smartphones, and even provides online streaming of music and live sports content as well. Recently in April, it unveiled a new range of Smart TVs, smartphones, and VR headset and an autonomous electric vehicle concept.

Compiled by IESA Research

research@iesaonline.org

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