Startup Roundup April 26, 2016

Start-ups struggle to nurture rapid growth, report warns —

Britain has the largest number of technology start-ups outside the US but many are failing to grow far beyond that stage, a group of academics has warned. 

Google is creating a startup haven to prevent staff from leaving

It’s hard to swing a stick in Silicon Valley without hitting startups created by ex-Google employees determined to bring their clever (though only sometimes successful) ideas to light. That’s good for innovation, but lousy for Google — and the search giant now appears bent on doing what it can to keep those curious minds in-house. The Information‘s sources understandthat Google is creating Area 120, a startup incubator that would let some employees pursue their “20% projects” (those personal projects Google allows in a fifth of your working hours) full-time. Anyone wanting to sign up would submit a business plan and, if accepted, spend several months working solely on that idea. You could scratch that inventor’s itch without worrying that you’ll lose your cushy Google job if it it doesn’t pan out. 

Nasscom Selects 39 Startups for Latest Edition of Innotrek Programme | NDTV

IT industry body Nasscom Sunday said it has shortlisted 39 Indian startups for the third edition of its ‘Innotrek’ programme to be held in the US, where tech entrepreneurs will have an opportunity to meet investors and learn business nuances from experts. 

A home for Singapore start-ups in San Francisco, Economy News & Top Stories – The Straits Times

For many Singapore start-ups hoping to make a splash in tech mecca San Francisco, a nondescript building tucked away in the city’s South of Market area has become a place to call home. 

Patni scions, Pai join others to float Rs 125 crore startup fund – Times of India

Aarin Capital’s Ranjan Pai and T V Mohandas Pai, and Sasken Technologies CMD Rajiv Mody have joined Patni scions Amit and Arihant Patni and angel investors Naganand Doraswamy and Prashant Desphande to float a Rs 125-crore fund, called Ideaspring Capital, to back home-grown product startups.

The fund will identify entrepreneurs with deep tech domain expertise in areas like augmented reality, internet of things, cloud, security and virtual reality that are redefining the tech landscape. An initial Rs 50 crore corpus will be deployed as a seed fund to invest in early-stage ventures with an additional allocation of Rs 50 crore for pre-series A or series A rounds. 

Tech in Asia – Connecting Asia’s startup ecosystem

Thailand is getting serious about establishing a startup ecosystem as the government announced over the weekend it would launch a US$570 million venture fund for this purpose.

The fund will finance some 2,500 existing startups in Thailand, Bangkok Post quotedInformation and Communication Technology (ICT) minister Uttama Savanayana as saying. The minister added the aim was to raise the number of startups in the country to 10,000 in two years. 

RBI Governor Raghuram Rajan bats for startups, says job creation, social security are key issues in India – The Economic Times

Reserve Bank of India (RBI) Governor Raghuram Rajan called job creation the most important issue in India even as he batted for an easier business environment for startups, lighter regulations for small firms and better social security.

“Jobs by startups and self-employments is the biggest source of new jobs. The conditions government is creating to create a level playing field is obvious, but there are also some less obvious conditions like the protection of property rights. 

Graduates pitch start-up ideas to win a UK entrepreneur visa —

An ability to present clearly and confidently to a panel of senior professors is a requirement of the MSc qualification in food science that Mauritian-born Disha Chauhan recently completed at London’s University of Greenwich. 

Startup Sirin to launch ultra high-technology phone for executives – The Economic Times

A British-Israeli start-up plans to sell a mobile phone from next month that will offer users unprecedented levels of technology and security – and retail for close to $20,000.

Sirin Labs AG said on Monday it had raised $72 million in private funds to launch the device, which would be aimed at executives. It plans to open its first store, in London’s Mayfair, in May.

“(Our) smartphone …brings the most advanced technology available – even if it is not commercially available. 

Where Start-up Dreams Come True – The New Indian Express

Pranav Kumar Suresh was passionate about technology and entrepreneurship even before these words were known to most people in Kerala. In his role as Chief Executive Officer of Startup Village, India’s first public private partnership incubator, he was able to make a difference in the state. He took it to such heights that it was on the verge of a startup revolution. During his tenure as Chief Operating Officer, he was able to help and motivate over 1,000 start-ups in Kerala. He is truly a game-changer in terms of start-ups in the Kerala, a state  that is not widely regarded as the most business-friendly state. This has not only helped more and more young entrepreneurs come out with their ideas, it has also effectively helped more investment flow into a sector that most people considered amateur or not worth investing in. 

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