Gyan Circle Ventures, a tech business incubator funded by the Electronics and IT Ministry, was inaugurated on Thursday at IIIT Sri City in Andhra Pradesh. The incubator has been set up under the IT Ministry’s Technology Incubation and Development of Entrepreneurs (TIDE) 2.0 scheme, which aims to offer financial and technical support to early stage tech startups working on emerging technologies. The incubator was virtually inaugurated by Education Minister Ramesh Pokhriyal. “Gyan Circle Ventures is a technology business incubator, and aims to promote deep tech entrepreneurship through financial and technical support to incubators engaged in using emerging technologies such as IoT [Internet of Things], AI/ML [Machine Learning], AR [augmented reality]/VR [virtual reality], blockchain, and robotics, among others," said Bala MS, chairman of the board of governors at IIIT Sri City. Gyan Circle Ventures will provide support to startups in various phases via investments, infrastructure and mentoring, the Education Ministry said in a statement. It will have an advisory committee comprising of industrialists, entrepreneurs and technical experts, for mentoring the startups. The Education Ministry's secretary Amit Khare also said that the incubator will serve as a channel for commercialising solutions created by students and faculty members of IIIT Sri City. In addition to Khare, the event was attended by Ajay Prakash Sawhney, secretary, MEITY, and Satish Chandra, special chief secretary of higher education for the government of Andhra Pradesh, among others. Also read: MEITY launches schemes worth Rs 50,000 crore to push domestic electronics manufacturing Govt approves three iPhone makers among…
- Microsoft Teams Premium to incorporate ChatGPT: 4 key take aways February 3, 2023
- Update: Supreme Court Asks Indian Govt to Produce Records Issued To ‘Block’ BBC Documentary February 3, 2023
- RTI: Nearly 5,000 URLs blocked under Section 69A in the first 10 months of 2022 February 3, 2023
- Budget 2023: Lower budget allocation for Smart Cities Mission this fiscal year February 3, 2023
- India’s largest retailer Reliance Retail to start accepting payments in digital rupee (e₹) February 3, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...