Technological happenings in India - Limited Only To Mobile Phones & Satellites?
I seldom see a technology or engineering news coming out of India - and most of the stuff we tend to write in our technology & engineering news blog is originating in various parts of the world. Whenever we write an Indian specific news, then that's either a satellite launch or a foreign company launching a mobile phone in India. There's almost NO other happening worth writing that comes out of India.
What are your thoughts on this?
What are your thoughts on this?
Replies
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Jeffrey ArulrajMost of the tech innovations in India is in service sector and not in core sector
This said it is the only reason why we have so many solution based firms and a few research based organisation
In India to climb up the beuratic terrace is really hard and the process wearies the innovator to the point of dropping or selling his innovation without any condition This is really the problem in India -
Anand TamariyaCore sector is capital intensive and gestation period is relatively long. So investors stay away from it and innovators don't get any support.
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Ashraf HZ
Are there no government sponsored funds or grants?Anand TamariyaCore sector is capital intensive and gestation period is relatively long. So investors stay away from it and innovators don't get any support. -
Jeffrey ArulrajGetting funds is really a hell in India the process cannot be achieved without very high level recommendations
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Ashraf HZ
Thats a shame. There should at least be some sort of government initiative for that. Open up applications for funds for start up / entrepreneur, then applicants go through selection processes. Successful teams will get funds disbursed over time to cover for salary, company registration and product development. Commercialization of product will also be assisted with their own IP. Or something like that.ConquerorGetting funds is really a hell in India the process cannot be achieved without very high level recommendations -
Kaustubh KatdareI think getting funds in India is easier these days - especially from the private players. Check out all the happenings at TiE club. A ton of venture capital firms are eyeing Indian entrepreneurs.
But from what I see is that there aren't many startups that are doing something that's worth funding. Yet another billing system isn't going to get a VC's attention for sure. -
Ashraf HZlol...YABS! Can possibly follow up success like YAHOO!
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