With zero royalty fees and low investment in the ed-tech segment, the new initiative aims to provide ROI within 6 months and positive cash flow in the first year
Arvind Kumar, STPI DG, stressed that there is a need for greater awareness campaigns among the youth about the government's initiatives to promote start-ups
The facility is expected to encourage innovation and collaboration in the state and will help drive India's path toward becoming the world's preferred manufacturing destination
The MIF recognises disruptive ideas through personalised business mentorship, strategic business direction, and access to partner networks and industry leaders
The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms
The cohort includes founders from a range of sectors such as climate tech, artificial intelligence, metaverse, digital health, and e-commerce. Each of the 30 founders will receive between $1 million to $2 million in capital from Sequoia
