India Aspires For Greater Startup Ecosystem

social CANDY-India-startupIndian entrepreneurialism is due to get a major boost thanks to the new state-backed India Aspiration Fund (IAF) designed to stimulate the country’s startup economy.

Launching at Rs 20bn ($300m), IAF is the delivery of a pledge made by India’s Prime Minister Narendra Modi made on the country’s Independence Day to support Indian entrepreneurship.

IAF will act as a fund of funds to support India’s venture capital scene, and provide advice to VCs on how to get the best out of their investments.

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Considering VC for Your Business? Here’s What You Need to Know

Venture Capital In case you hadn’t noticed, funding by venture capital firms has declined significantly in the last few years. But investments by big companies such as Google, GE, Intel, SAP and IBM have picked up the slack. In fact, the National Venture Capital Association reports that 2013 was a banner year for corporate venture capital, with companies participating in nearly 20 percent of the deals and 10 percent of the dollars invested.

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Announcing Tech.London

Tech.LondonAs an epic milestone for London’s rapidly growing technology ecosystem, Mayor of London Boris Johnson announced yesterday the launch of Tech.London, a comprehensive online hub designed to connect, support and grow London’s tech and startup community. The result of a public/private partnership between Mayor of London, IBM and Gust, Tech.London is the city’s place to meet tech and startups and will bring together detailed information about over 1,000 London-based tech and digital companies. 

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