India and US forge 'Innovation Handshake' to boost startup ecosystems
New Delhi [India], December 16 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi has given its nod to the Memorandum of Understanding (MoU) between India and the United States. This strategic partnership aims to enhance innovation ecosystems through what is being termed an ‘Innovation Handshake.’ Show Full Article The announcement was made through […] Key Points
ThePrintIndia retains 40th rank in Global innovation Index 2023
The government's various departments, such as the Department of Science and Technology, the Department of Biotechnology, the Department of Space, and others, have played vital roles in enriching the National innovation Ecosystem. The Atal innovation Mission has also significantly contributed to expanding this ecosystem, read the press release. Key Points
Economic Times10 Quotes by Brian Chesky on Entrepreneurship and Innovation
Brian Joseph Chesky is an American businessman and industrial designer. He is the co-founder and CEO of the peer-to-peer lodging service Airbnb. Key Points
Times of IndiaMoving beyond exams: Indian education system needs to focus on innovation
The key to future success is innovation, critical thinking, experimentation and the willingness to fail and learn from failings. These stand in direct opposition to the examination track and field as things mostly stand now in the Indian education arena. Along with celebrating those who score the most, India must devise an education system that can reward understanding and the ability to translate that understanding into knowledge. Key Points
The Economic TimesDST report favours support to innovation even in case of failure
The report suggested that the government may consider fiscal and non-fiscal mechanisms to help firms improve their risk appetite in pursuit of innovation. It also recommended an innovation-linked incentive scheme to help firms, especially MSMEs, to address the financial risks linked to innovation uncertainty. Key Points
Economic Times
10 Inspirational Quotes by Steve Jobs on innovation and Creativity
Steven Paul Jobs was an American business tycoon, industrial designer, media proprietor, and investor. He was the co-founder, chairman, and CEO of Apple. Key Points
Times of IndiaKarnataka tops Manufacturing innovation Index, three southern states in top five
The index measures performance on the basis of factors like innovation-conducive ecosystem in the state, investment, problems in financing, market, and businesses present. The report comes in the wake of India rising to the 40th rank out of 132 countries in the Global innovation Index in 2022, which was a leap of 41 places in seven years, from the 81st rank in 2015. Key Points
Economic TimesBudget 2024: FM Nirmala Sitharaman unveils Rs 1 lakh crore fund for Sunrise technologies; here are the details
Budget News: Get all the details about the Budget 2024 announcement by Finance Minister Nirmala Sitharaman to create a Rs 1 lakh crore fund for Sunrise technologies. Find out how this fund aims to encourage private investment and innovation in emerging technology fields. Key Points
Times Of IndiaPrime Minister Modi applauds record number of patents granted in 2023-24
New Delhi [India], November 17 (ANI): Prime Minister Narendra Modi has expressed appreciation for achieving the highest-ever number of patents granted during the fiscal year 2023-24. In response to a post by Union Minister of Commerce and Industry, Piyush Goyal, the Prime Minister shared his thoughts on the accomplishment. Show Full Article PM Modi posted […] Key Points
ThePrintIIT Delhi and IIM Ahmedabad win top spots in Accenture innovation Challenge
The competition was aimed at developing innovative technology-led solutions for real world problems. The 3.5 month-long competition saw participation from over 182,000 students from 6600+ colleges, of which 37 per cent were women. Key Points
Business Today
Deep tech startup policy likely in forthcoming Budget
The commerce and industry ministry may propose a dedicated policy for deep tech startups in the forthcoming Budget, to be announced by the new government. The policy, in final stages, aims to promote innovation and R&D. Voting for the Lok Sabha polls is over, with results on June 4 and a new government taking oath this month. Key Points
Economic TimesAn AI failure database can help foster innovation safety
Experimental technologies thrive on a 'culture of failure' as that’s how we learn from mistakes. We can mitigate AI risks by recording and analyzing mishaps. This is how aviation grew safer. Key Points
mintIndia urges G20 countries to collaborate, focus on evidence-based research
Ahead of the annual India-U.S. BioPharma and Healthcare Summit to be attended by scientists, academicians, corporate leaders, and officials from both countries, a top Indian official has urged the G20 countries to collaborate and focus on evidence-based research. Key Points
The HinduIIT Kanpur bags top spot among best college for innovation, 8 IITs in top 10: NIRF 2023
NIRF 2023: IIT Kanpur filed for 109 IPRs in 2022 and has filed for 950 IPRs till date. Only two non-IITs made it to the top 10 — the Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram and the National Institute of Technology, Calicut. Both shared eighth place. Key Points
The Indian ExpressCabinet approves 'India AI Mission' with an outlay of Rs 10,371.92 cr for five years
The Union Cabinet has approved a Rs 10,371.92 crore 'India AI mission' for five years to promote Artificial Intelligence in India. The mission aims to establish a comprehensive ecosystem for AI innovation, democratize computing access, improve data quality, develop indigenous AI capabilities, attract top talent, enable industry collaboration, provide startup risk capital, ensure socially impactful AI projects, and bolster ethical AI. Key Points
Economic Times
Not just sailors, Navy's new fire suit could help soldiers with stealth & save pilots from burns
Currently, Navy uses imported suits weighing over 18 kg while this innovation weighs only about 1.8 kg. The cost of this suit is also much less Key Points
ThePrintThe EU’s approach to AI rules is too riddled with complexity
The EU has approved a draft of its Artificial Intelligence (AI) Act, which sets minimum standards for AI use. The act requires chatbots to declare whether they are trained on copyrighted material, and deep-fakes must be labelled as such. The EU aims to promote ?trust and confidence? in AI, a key technology that has attracted much investment and excitement, but also produced dangerous outcomes. The act is complex, however, and may set the bar too high to promote innovation but not high enough to avoid shock outcomes. The EU must work to reduce the act?s complexity while promoting innovation. Key Points
mintHave to link Indian market with innovation, prioritise competency over degrees: Union Minister
The theme of the summit was Future Frontiers: Competitiveness, Technology, Sustainability, Internationalisation . If we combine Indian market with Indian innovation, we will be able to brand our technology. By investing significantly in research and development and working our best, we can make this possible, the minister said. Key Points
Economic Times10 Quotes by Shiv Nadar on Entrepreneurship and Innovation
Shiv Nadar is an Indian billionaire industrialist and philanthropist. He is the founder and chairman emeritus of HCL Technologies and the Shiv Nadar Foundation. Key Points
Times of IndiaNeed to focus on infra, investment, innovation, inclusivity for sustainable growth: Nirmala Sitharaman
Elaborating on the four Is, the Minister said investment is essential to spur infrastructure development, which has a potential to generate jobs. The third I is for innovation, she said adding innovative solutions from startups are required to deal with issues facing the countries. Key Points
Economic Times
Thought-Provoking Top 10 Quotes by Bill Gates on Technology and Philanthropy
One of the richest men alive is Bill Gates. He is a successful businessman, humanitarian, and author from the United States. Key Points
Times of IndiaHow family businesses in India are driving innovation and economic growth
Family businesses in India are driving innovation and economic growth by blending tradition with modernity. These businesses, which often operate in sectors like manufacturing, textiles, agriculture, and retail, are embracing new-age technology and investing heavily in research and development. They are also collaborating with start-ups and academia to accelerate innovation efforts. Family businesses play a significant role in job creation and fostering economic growth, particularly in rural areas. Key Points
Economic TimesPaving the digital highway: Netplus and the future of connectivity in Punjab
India Business News: Netplus, a broadband service provider subsidiary of Jujhar Group, is revolutionizing connectivity in Punjab. With high-speed broadband, technological advancements, and a focus on customer satisfaction, Netplus is at the forefront of the telecom industry's transformation. Learn more about Netplus and their role in shaping the future of connectivity in Punjab. Key Points
Times Of IndiaOptimistic about wrapping up EFTA deal with India before 2024 polls: Swiss envoy
Kolkata, Dec 10 (PTI) Switzerland’s Ambassador to India, Ralf Heckner, has expressed optimism that the crucial European Free Trade Association (EFTA) deal with the country would be wrapped up before the 2024 general elections. Heckner stressed on the importance of the proposed trade deal for unlocking innovation and investment opportunities. “Both sides have been negotiating […] Key Points
ThePrintRajeev Chandrasekhar on India's digital-first strategy: Innovation, R&D focus, must not be afraid of AI
India's role in the tech world has evolved from being the 'back-office' to an innovative economy, according to Union Minister Rajeev Chandrasekhar. He highlighted the growth of technology in India over the past 10 years, emphasising the country's presence in areas such as AI and semiconductors. Key Points
mint
RBI will have its say whenever digital lending creates risk
The RBI supports digital technologies for improved customer experience and innovation, yet intervenes when digital lending poses risks. RBI Deputy Governor Swaminathan J highlighted issues with peer-to-peer lending platforms, urging the industry to view the regulator as a partner for a stable financial ecosystem. He spoke at a CNBC TV18 banking summit. Key Points
Economic TimesZee cuts staff by about half at Bengaluru's Technology & innovation Centre to reduce costs
Zee Entertainment has halved its workforce at its Bengaluru Technology and innovation Centre as part of cost-cutting measures recommended by a company-formed review panel. The decision, approved by MD and CEO Punit Goenka, follows suggestions from the committee, including reducing losses and cutting costs, particularly at the technology center. Key Points
Economic TimesSmart policy and execution are big positives for India: Jane Fraser, CEO of Citigroup
According to Jane Fraser, CEO of Citigroup, Indian global capability centers (GCC) established by multinational corporations are now focused not only on cost reduction but also on creating crucial innovation hubs. In an interview with ET, Fraser highlighted India's unparalleled investment appeal, citing its well-crafted policy frameworks, adherence to execution timelines, and unmatched capacity for large-scale development. Key Points
Economic TimesIndia to extend its global presence on pharmaceutical market with BRICS plus membership
The VIII International Conference on Antimonopoly Policy at Moscow's Skolkovo innovation Center focused on enforcing competition laws in the pharmaceutical market. Representatives from Indian antitrust authorities expressed intent to support competition laws enforcement in information disclosure and patent regulation against global pharmaceutical monopolies. Key Points
Economic TimesSanjiv Puri on 4 pillars that can take ITC to the next level of growth
Digital is now mainstreamed in our companies. It is part of everybody's job whether it is agri sourcing or procurement or operation, manufacturing, consumer marketing, commerce, everywhere it is there. Key Points
Economic Times