Author: lakshmanan

In a significant boost to Tamil Nadu’s growing reputation as an electronics manufacturing hub, Jabil, a key supplier for Apple, is set to establish a new manufacturing plant in Trichy. The plant will be built with an investment of ₹2,000 crore and is expected to create 5,000 jobs, further strengthening the region’s industrial and economic growth.This development underlines the growing role of Tamil Nadu as a pivotal destination for global tech giants looking to diversify their manufacturing capabilities in India.Massive Investment to Boost Electronics ManufacturingJabil’s new facility will focus on the production of electronic components and assemblies for various global…

AIC T-Hub, one of India’s premier startup incubators, has launched the Lab2Market program, aimed at transforming research innovations into market-ready solutions. In its first cohort, 23 promising startups have been selected, signaling a new phase of entrepreneurship and innovation in India. The program seeks to bridge the gap between cutting-edge research and commercial viability, accelerating the growth of these startups.What is Lab2Market?The Lab2Market program is designed to support startups that have developed groundbreaking technologies in the lab but require the resources and expertise to bring their innovations to the market. By offering mentorship, access to funding, and expert guidance, AIC…

The first-ever Nordic-India Startup Summit in Copenhagen marked a milestone event aimed at fostering innovation, economic growth, and cross-border collaboration. This summit brought together key players from the Nordic countries and India’s startup ecosystem, providing a platform to exchange ideas, form partnerships, and accelerate growth in both regions.With a shared focus on sustainability, technology, and entrepreneurship, the event serves as a unique bridge connecting two thriving ecosystems that are globally recognized for their dynamic innovation capabilities.A New Era of Global CollaborationThe summit aimed to create new pathways for collaboration between Nordic and Indian startups. Entrepreneurs, investors, and policymakers from both…

In an era where sustainability and eco-friendliness are more than buzzwords, two brothers from Trivandrum, Kerala, have found a unique way to contribute. By converting agricultural waste into biodegradable tableware, they’ve built a ₹3 crore turnover business, demonstrating the potential of sustainable entrepreneurship. Their startup not only addresses environmental concerns but also creates a viable alternative to plastic and other non-biodegradable materials.The Origins of the IdeaThe brothers, driven by a passion for both innovation and sustainability, saw an opportunity in the vast amounts of agricultural waste generated annually. Rice husk and sugarcane bagasse, common by-products in the farming industry, were…

In today’s fast-paced business environment, hiring top talent is both a priority and a challenge for enterprises. Recognizing this, a Bengaluru-based startup has introduced a groundbreaking solution: an AI-powered hiring assistant designed to streamline the recruitment process. This innovative technology is poised to transform the way enterprises find, vet, and onboard candidates, addressing some of the most pressing challenges in human resources today.The Problem with Traditional Hiring ProcessesFor large-scale enterprises, hiring can be a tedious and complex process. From sifting through countless resumes to scheduling interviews, the task often requires significant time and resources. Furthermore, human bias and inefficiencies can…

The SpaceTech sector is witnessing unprecedented growth, driven by advancements in reusable rockets, satellite miniaturization, and expanding private investment. Space Zone India, a Tamil Nadu-based startup, exemplifies the innovative spirit of the sector with its groundbreaking hybrid reusable rocket *Rhumi 1*. Launched in August 2024, this rocket has set new benchmarks for rapid satellite deployment and safe returns, marking a new era of space exploration.Key Trends in SpaceTech1.Reusable Rocket TechnologySpace Zone India’s *Rhumi 1* launch is a significant leap in reusable rocket technology. Unlike traditional expendable rockets, *Rhumi 1* is designed to deploy satellites and return safely within minutes. Its…

In a remarkable story of ambition and innovation, Anand Megalingam, the son of a truck driver, has launched a space startup that is now valued at a whopping ₹800 crore. Anand, together with his father, founded Space Zone India in December 2020. Their startup, which aims to revolutionize space technology in India, is not only an inspiring tale of overcoming odds but also a significant contributor to the country’s growing space industry.From Humble Beginnings to Space ExplorationAnand Megalingam’s journey to becoming a successful space entrepreneur is both extraordinary and inspirational. Growing up in a humble household in Chennai, where his…

SparkLabs, a prominent global venture capital firm, has announced the closure of a $50 million fund specifically aimed at supporting AI startups. This new fund underscores SparkLabs’ commitment to fostering innovation and growth within the AI sector. The investment initiative is poised to empower emerging AI companies with the financial backing and resources they need to scale and develop cutting-edge technologies.SparkLabs’ Strategic Focus on AIThe $50 million fund is a strategic move by SparkLabs to tap into the rapidly expanding AI market. As AI continues to revolutionize various industries—from healthcare to finance—there is a growing need for investment in startups…

PaySharp, a Chennai-based fintech startup, has achieved a significant milestone by securing final authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). This authorization is a crucial step for the company as it continues to expand its footprint in the digital payments ecosystem. The approval underscores PaySharp’s commitment to adhering to regulatory standards and delivering secure, efficient payment solutions.What This Authorization Means for PaySharpWith the RBI’s final nod, PaySharp is now officially authorized to offer payment aggregation services across India. This means the company can:Facilitate Digital Transactions: As a Payment Aggregator, PaySharp can now process…

Global biopharmaceutical giant AstraZeneca has announced an investment of $30 million (approximately ₹250 crore) to expand its Global Innovation and Technology Centre (GITC) in Chennai. This strategic investment highlights AstraZeneca’s commitment to leveraging India’s talent pool and infrastructure to bolster its pharmaceutical research and technology development.A Key Milestone for AstraZeneca in IndiaThe GITC in Chennai plays a pivotal role in AstraZeneca’s global research and development (R&D) efforts, particularly in healthcare technology and pharmaceutical advancements. The additional $30 million infusion will support expanding the facility, increasing its capacity, and enhancing its research capabilities.AstraZeneca’s GITC in Chennai was initially established to innovate…