All posts by Navin Kabra

Venture Center Pune invites startup applications for seed funding from Department of Science and Technology

Featured, Money Matters, ,

Pune-based Government-funded Startup Incubator, Venture Center, (winner of a national award for best technology incubator in 2015) is hosting a seed fund with a corpus of Rs 10 crore under the scheme “National Initiative for Developing and Harnessing Innovations – Seed Support System (NIDHI-SSS)” of the Department of Science and Technology.

The basic idea of NIDHI seed support is providing financial assistance to potential startups with promising ideas, innovations and technologies. This would enable some of these incubatee startups with innovative ideas/technologies to graduate to a level where they will be able to raise investments from angel/Venture capitalist or they will reach a position to seek loans from commercial banks /financial institutions. Thus the proposed seed support disbursed by an incubator to an incubatee is positioned to act as a bridge between development and commercialization of innovative technologies/products/services in a relatively hassle free manner.

Broad Areas to be covered under the financial assistance include:

  • Product development
  • Testing and trials
  • Test Marketing
  • Mentoring
  • Professional Consultancy ( To attract Professors of institutions to work with small firms)
  • IPR issues
  • Man power for day to day operations
  • Any other area as deemed necessary and recommended by the Management Committee.

The Seed fund emphasizes:

  • Alignment with Venture Center’s Focus areas
  • Product offerings (vs service offerings)
  • IP-rich enterprises
  • Strong knowledge components in enterprises

Eligibility Conditions for start-ups to apply for seed support

  • Incubatee should be a registered company in India
  • Incubatee has to be an Indian start-up. This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
  • The share holding by Indian promoters in the incubate start up should be at least 51%.

Selection Criteria:

Here is a list of make/break criteria for applicants:

  • There must be at-least one dedicated entrepreneur involved in the venture
  • There must be a formal business plan
  • The idea and team should be technically sound
  • The venture and the team must have high ethical & professional standards
  • The venture must have a strong technology/knowledge component
  • EHS requirements must be met
  • The team should show potential and credibility for raising money in future
  • The venture must be registered as a private limited company, or must be in the process of registration
  • The amount of funding requested must be less than Rs 100 lakh
  • The entrepreneur(s) must be willing to share equity in the venture
  • The applicant must be or willing to be resident incubatee of Venture Center before investment

Applications for the seed fund will be reviewed based on criteria such as (but not limited to):

  • Is amount of funding requested enough to reach critical milestone?
  • Does the venture have a clear, potentially significant/singular value proposition
  • How big/fast growing is the potential market?
  • Are target customers clearly identified?
  • How credible is the technology? (Is PoC credible in the opinion of subject-matter experts?)
  • Are there regulatory/certification/policy risks?
  • What are the sources of sustainable competitive advantage (eg. novelty, patentability, etc.)?
  • What is the quality of the business plan (revenue model, product roadmap, market segments, etc.)?

Typical terms for seed funding:

  • Selected start-up should be/become a resident incubatee of Venture Center and should have completed three months of residency at Venture Center at the time of seed fund investment.
  • Investment mode: Equity ownership in a private limited company
  • Investment amount: Up to 100 lakh
  • BoD representation: 1 Board Nominee Director and/or observer of Venture Center
  • Reporting: Bi-annual presentation to SEED Fund committee + Annual financials/MIS

Application form can be downloaded here.

Interested start-ups are encouraged to contact Venture Center for further information @ shruti@venturecenter.co.in / 020 25865877/78/76

ReactFoo Pune: React and React Native Developers Conference—19-20 Jan

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ReactFoo Pune is a two-day event for React and React Native Developers, focusing on the following topics:

  1. Success and failure stories of implementing React and React Native for your use-case.
  2. Lessons learned in shifting codebase from older frameworks to React.
  3. Comparative advantages of React and other JS frameworks.
  4. Comparative advantages of React Native in working on mobile applications.
  5. Security concerns.

This is an event by HasGeek, which is known for good quality events.

Who should attend?

  • Engineers looking to learn from case studies of other practitioners.
  • Decision-makers considering the pros and cons of switching to React.
  • Cross-platform mobile developers and React Native enthusiasts.

Why you should attend?

  • To learn from and network with peers from the industry.
  • To gain insights from case studies of practical implementation, and evaluate ReactJS and React Native for your work.
  • To program better with React and React Native.

Agenda

  • Single track of talks and Birds of a Feather (BOF) sessions on 19 January.
  • Hands-on workshops on 20 January.

See the conference website for detailed schedule, and specifics of talks and speakers

Fees, Registration and Logistics

This is a paid conference. Please register and buy tickets here.

Location: 505, A-Wing, MCCIA Trade Tower, ICC Complex, 403, Senapati Bapat Road, Pune.

Entrepreneurial Visions—A Startup Event by Ideaspring Capital, 8 Jan

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Persistent Systems, and Ideaspring Capital invite Innovators and Entrepreneurs in the Technology space for a startup event on how best to ideate, innovate and implement.

AGENDA

  • 4:00PM | Registration
  • 4:30PM | Welcome Address by Dr. Anand Deshpande
  • 4:35PM | Why India is prime for product innovation (Talk + Q&A) by Sharad Sharma
  • 5:05PM | Ideaspring thesis by Naganand Doraswamy
  • 5:20PM | Panel discussion with Pravin Bhagwat, Arihant Patni, Vinay Nathan hosted by Dr. Anand Deshpande
  • 5:50PM | Q&A and closing comments by Arihant Patni, MD, Ideaspring Capital
  • 6:00PM | Refreshments

Speakers/Panelists include:

  • Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems
  • Sharad Sharma, Co-founder and Governing Council, Member of iSPIRT
  • Arihant Patni, MD, Ideaspring Capital
  • Naganand Doraswamy, Serial Entrepreneur turned Investor
  • Pravin Bhagwat, Founder and CTO of MojoNetworks
  • Vinay Nathan, Co-founder and CEO of Altizon Systems

This event is free and open for all to attend. Register here.

Hands on overview of the Kotlin programming language

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Presenting Hands on overview of Kotlin programming language by Dhananjay Nene. Brought to you by PuneTech, TechJam Pune, and SICSR. The event is free for anybody to attend, but registration is required

Agenda

  • 4:30 – 5:00 pm Networking
  • 5:00 – 7:00 pm Introduction to Kotlin
  • 7:00 – 7:15 pm Q&A and Closure

We will start exactly on time, so please plan to reach a bit early.

Abstract of the Talk – Hands on overview of Kotlin programming language

This session will cover an introduction to the Kotlin programming language and lots of hands on examples of how Kotlin helps write concise, safe and expressive code. It will also refer to how naturally Kotlin interoperates with existing Java libraries and frameworks and how Java and Kotlin frameworks and libraries can work smoothly with each other. The session will focus on core programming rather than any specific areas such as Android or Web or other specialised types of programming.

The audience is presumed to be reasonably aware of Java programming.

About Kotlin

Kotlin is one of the hottest new programming languages in recent times. One of the fast growing languages of 2017, it has the potential to become the preferred language for Android app development, for backend development on the JVM, and even has to potential for use in the frontend (browser). It is a concise and modern language with many advanced features like null safety, extension functions, infix notation. It has full Java compatibility (so you can use all Java libraries without any significant impedence mismatch), good IDE support (Android Studio, and IntelliJ), improves code readability, reusability, and development speed.

Kotlin has been announced as an official Android Development language by Google, and it has been adopted by a number of high-profile companies like Amazon Web Services, Pinterest, Coursera, Netflix, Uber, Square, Trello, Basecamp, and others.

About the Speaker – Dhananjay Nene

Dhananjay is a Software Engineer with over 26 years of experience in programming. He has worked with Citicorp  and AT&T in the pre millennial times. After that as a consultant he has worked on providing solutions to a number of diverse problems including building interactive educational software for pre teen children, building administration suites for workflow authoring applications, creating applications that compute electromagnetic wave signal strengths, financial supply chain services and building frameworks and applications which process in excess of a million financial transactions per hour.

For the last year he has spent most of his time on GST and he wrote, and helps manage, Vayana GSP—one of India’s leading GSPs. GSPs are the licensed systems that allow ERPs and accounting softwares to interface with the GST Network. The Vayana GSP is written in Kotlin.

Apart from programming, he has been involved with the cloud for more than a decade including all aspects of operations management and operation automation. He has switched across a number of roles including those of a developer, chief architect, chief technology officer and head of product development. He continues to be passionate about programming and design and all that comes under the umbrella of software engineering.
Dhananjay has done his post graduation from IIM-Ahmedabad, and has been involved in Senior Management positions, and has managed team sizes in excess of 120 persons.

Specialties: Software Architecture, Technology Research, OO Modeling and Design, Programming

Fees, Registration, Logistics

This event is free and open for anybody to attend. Please register here.

The event is in Room 707, on the 7th floor, from 4:30pm to 7:00pm, on Saturday, 6 January, at SICSR, Model Colony. Note: This is Symbiosis Institute of Computer Studies and Research, near Om Supermarket Circle. There are 2 or 3 different Symbiosis institutes on the same road, so read the signs carefully to ensure that you’re entering the correct one.

Event: TiECON Pune – Indian Startup Ecosystem Conference – 14/15 April

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TiECON, one of the top startup conferences in the country, will be held in Pune again this year for the 5th time, on 14/15th April, 2017.

This edition of TiECON will feature such speakers as Dr. Velumania, CEO of Thyrocare, Nana Patekar, actor and philanthropist, LC Singh, founder of Nihilent Technologies, and many others. In addition, since TiECON is one of the most important startup events in India, it always has a number of high profile startup founders, venture capitalists, and other people from the startup ecosystem.

This time, in addition to the regular keynote speeches, panel discussions, and in-depth workshops, TiECON 2017 also features dedicated tracks for Women Entrepreneurs, and Tech in Manufacturing.

The event costs Rs. 2899 for TiE Pune members (early bird registration, on or before 15 March), and 4199 for non-members, and 3299 for “members of supporting organizations” (including PuneTech readers). Thus, if you’re not a member, you can use the “Members of Supporting Organizations” ticket, with the code “TiE-PuneTech”. See the registration page for more details about the various ticket options available.

See the event website for more details about the event itself.

Event: NASSCOM Product Conclave Pune, 18th March

Events, Featured,

The NASSCOM Product Conclave at Pune is a platform to bring together product companies, startups, angels, VCs and enterprise leaders under one roof. The key focus this time is emerging technologies, industry connect and investor meets.

NASSCOM invites companies developing trending products, enterprises seeking collaborative opportunities, investors looking for key segments to capitalize on new technologies developed in India for a day full of engaging sessions, workshops and knowledge sharing among peers.

Key Themes Planned:

  • Deep Learning: Build your product
  • Hum Bhi Kabhi Start-up the: No Exit Please
  • Reality of Virtual Reality
  • Industry connect: Retail , FinTech, EduTech, HealthCare
  • B2G: Business To Government
  • IoT: Smart Manufacturing and Automotive
  • Investor Connect: Raising funding in the winter chill
  • Global Marketing
  • Design Thinking
  • Cyber Security

Sponsorship Opportunities

Those interested in Sponsorship / Exhibition at the Conference, please fill in this request form or write to Sneha Sahasrabudhe at sneha@nasscom.in

Product Showcase

If you want to be under the spotlight, showcase & pitch your innovative products @NPCPune17. Please fill in this request form.

Registration and Details

The conference is on 18 March, at Westin Pune. Register here. You can get early bird registration prices until 31st January.

For more details, see the conference website.

Interview with Rekha Ranganathan – Philips Healthcare Innovation Center Pune

Featured, People, , , ,

We visited the Philips Healthcare Innovation Center in Pune last month, and spoke with Rekha Ranganathan, VP & Global General Manager, Mobile Surgery & Value Cardiology and Head of Healthcare Innovation Center at Philips.

Philips is doing interesting R&D and Manufacturing work in the healthcare space in Pune, and it was good to learn about the details from her and the Philips team.

Centers like the Philips HIC are good representatives of Pune’s strength in R&D and Manufacturing in core engineering. We hope that in the near future, Philips gets more actively connected with the tech and startup ecosystem in Pune.

Here are excerpts from our interview …

Can you give us an overview of Philips Pune?

BV Vectra Image
BV Vectra mobile fluoroscopic system aka C-Arm X-ray image intensifier that is used in orthopedic
surgical procedures, including trauma, spine, and pain management. Developed at Philips HIC Pune.

Philips has a long history in Pune, going back to the Philips Consumer Electronics Factory (established in 1971). The Philips Healthcare Innovation Centre (HIC) in Pune marks another milestone for Philips in India. It was set up in 2012. Philips Healthcare Innovation Center plays an essential role in Philips’ commitment to develop and produce meaningful products and solutions that help improve healthcare for people all over the world. In line with its strategy to expand the company’s global footprint, Philips commenced operations at its first green-field manufacturing facility for imaging systems in India, at Chakan Pune.

HIC Pune is one of the six global Philips’ facilities devoted to manufacturing healthcare technology. It is specifically designed with manufacturing flexibility in mind so that it can quickly adapt to the ever-changing market needs and deliver quality healthcare products that meet international standards, across the globe.

What types of healthcare technologies are being developed here at Philips Pune?

Intuis is an advanced, entry level catheterization lab (cath lab), and is part of Philips’ strategy for extending access to affordable cardiac care in tier-II and tier-III cities in India. It is designed, developed and manufactured at the Philips Healthcare Innovation Center (HIC) in Pune, India.

Since its inception, HIC Pune has launched six global products in the mobile surgery imaging & diagnostic space: Allura FC, Allura Centron, BV Vectra, Primary Diagnost, Mobile DiagnostOpta and Intuis. The last two being the latest releases from the unit. HIC Pune has successfully installed 1000 systems in more than 80 different countries, including countries from western European regions such as France, Italy, Austria, etc.

The state-of-the-art facility integrates research & development, sourcing, testing, assembly and manufacturing under one roof. The team of experts and best-in-class talent from top educational institutes work closely together to bridge the gap between better technology and actual clinical needs. The team’s rich experience in medical product development ensures that the products are designed for quality and reliability. The centre manufactures both interventional and diagnostic X-Ray systems.

How does Pune fit into Philips Healthcare’s global value chain (R&D, Manufacturing, Marketing)?

We are global management hub for Mobile Surgery which is part of the image guided therapy group. We are also one of the few centers globally that caters to emerging and developed markets end-to-end. We are the headquarters for few of the product segments globally in DXR. This means we are responsible for the product strategy, technology roadmap, product program, new product development and life cycle maintenance. Our products are shipped to 80 countries around the world – more products shipped globally. We will also be transferring the manufacturing of our premium mobile ‘C-Arm’ products from our factory in Best, Netherlands to Pune and evolving our current supply base here to meet the challenges of global quality, demand.

What are you future plans for expanding the role, scope of Philips Pune?

In the coming years, Philips HIC plans to expand its production capacity to get maximum efficiency from its factory in Chakan and will also look to widen its R&D portfolio, to bring in smart healthcare solutions for India and for the world , from its manufacturing base and the R&D centre in Pune.

What kind of R&D, Tech, Manufacturing capabilities exist at Philips Pune? Can talk a bit more about specific tech capabilities, skill sets, labs, manufacturing set up?

MobileDiagnost Opta is powerful compact mobile digital X-ray system is designed for all-around performance and fast return on investment. It moves through crowded spaces in the OR, ER, ICU, and general wards with freedom and ease, bringing digital imaging right to the bedside. Speed, power, performance, and affordability make MobileDiagnost Opta a good option for smaller clinics, hospital that require multiple mobile DR systems, or facilities looking for a single system to cover most application needs.

Philips Pune has an ‘end-to-end’ System Development Capability with strong competence on System Architecture, Imaging Chain, Mechatronics, System Software and System Engineering. We have created 6 New Products and released to Global Markets within a span of 4-5 years. In the 5 years since inception, we have been granted 5 patents. We create a strong culture of innovation – we have an internal “Innovation Day” to encourage idea sharing; some of which also have potential for patents. We also work closely with our global organizations to participate in competitions globally and develop the innovation ecosystem.

What challenges did you face in setting up this center?

Availability of technical talents who had experience in ‘End-to-End’ Product development was a problem early on. Also, the creation of full eco system with Supply base, Supply Chain, Manufacturing and Innovation along with understanding of global customer requirements was a key challenge.

What advantages do you see in the Pune tech and manufacturing ecosystem?

Pune has a good core engineering and manufacturing ecosystem. According to latest Zinnov research Pune has the highest number of Core engineering R&D centers and there is a good eco system of suppliers located around Pune. Also the availability of good technology and engineering talent here.

What challenges do you run into at Pune? (Hiring, Quality Talent,  Infrastructure, etc.)

Hiring good system architects is a challenge. We are looking for systems architect with high-level thinking, who can have a global approach to product development.

Is Philips India/Pune plugged into the startup ecosystem?

Not yet. But we hope to explore the possible synergies.

Event: TiE Global Summit (Delhi; Dec 16/17)

Events, , ,

Check out TiE Global Summit in Delhi December 16, 17 (Details below). Normally, we don’t publicize non-Pune events on PuneTech, but we’re making an exception in this case, partially because there is an interesting list of speakers and panelists (including Travis Kalanick co-founder of Uber), and partially because TiE Pune folks are part of the key organizing committee, and partially because PuneTech readers get a special discount (use promo code PT for discounted registration).

This promises to be a good learning and networking opportunity for startups. One of the shortcomings that Pune startup founders have been accused of is that as a group we’re too insular and dislike traveling out of Pune to look for networking or marketing or business opportunities. This is something founders from other cities do better than us, and hence they end up with more hype, in spite of the fact that we might be better than them.

TiE Global Summit

The TiE Global Summit is being organized on 16th & 17th December 2016 in New Delhi, India. In the coming year, TiE will complete 25 years of service to entrepreneurs and membership. Through the years, TiE has assisted thousands of startups, entrepreneurs and professionals, and kindled the fire of entrepreneurship in our youth. TiE Global Summit is the maiden global conference of the original entrepreneurial organisation that was seeded in the technology crucible of the world in 1992. Since then TiE has hosted scores of entrepreneurship conference via its 62 chapter across the globe. TiE’s flagship annual conference, TiEcon Silicon-Valley attracted 4,800+ attendees from 22+ countries.

Some of the keynote speakers of TiE Global Summit 2016 include Travis Kalanick-CoFounder-Uber, Sanjay Mehrotra (Founder of SanDisk), Uday Kotak, Celebrity Speaker Katrina Kaif, and more. TGS is host to practically all leading tech investors like Sequioia Capital, Qualcomm Ventures, NEA, Kalaari Capital et al. The agenda is designed to address and cover cutting edge tech and its applications sessions include: Artificial Intelligence & Virtual Reality, IoT, FinTech, E-Commerce and more.

With an expected delegate strength of about 3000, the delegate cut is projected to consists of almost 65 to 70% tech founders and CEOs.

For more information, kindly visit http://www.tieglobalsummit.org. Register with promo code PT to avail discount to conference.

IIMA-CIIE Pune & SAP’s PitchPune: Investor Pitch Event for Startups

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PitchPune is a regional platform for startups to pitch to the investor community, on 15th December, in Pune. This event is organised by IIM Ahmedabad’s technology business incubator – Centre for Innovation Incubation and Entrepreneurship (CIIE) in partnership with SAP. It is a platform that helps startups avail existing opportunities, including raising capital from local investors and providing startups an effective chance to connect with mentors and investors. The event is scheduled for December 15, 2016. Last date to apply is 20th November.

Organized in partnership with SAP, the #PitchTown initiative aims to strengthen local ecosystems in emerging startup hubs across the country, by fostering stronger connections between the local entrepreneurial and investor communities. To test out this approach, CIIE first organised #PitchAhmedabad in 2015, where 8 Gujarat based startups pitched to 50+ investors from the Gujarat ecosystem. Of these, 5 startups raised a cumulative total of over INR 7.5 cr post-event.

Based on the success of PitchAhmedabad 2015, CIIE is organising PitchTown series in partnership with SAP in 3 cities (Ahmedabad, Jaipur & Pune). In September 2016 the second edition of #PitchAhmedabad received 130+ Applications. After multiple rounds of shortlisting and interviews, a cohort of 8 startups was chosen to pitch on final day. Nearly 30+ investors attended this event and funding discussions with the startups are on-going.

The highlight of the PitchTown event is a select cohort of 8 innovative and early stage startups from different domains presenting their businesses. The mission is to facilitate the connect between high potential entrepreneurs and the investors.

How to Apply

The event will be from 16:00 to 19:30 on Thursday, 15th December, at ICC Trade Towers, MCCIA, SB Road. It is a closed door event.

Startups can apply using this link. The last date to apply is 20th November.

For more information, check the website http://pitchtown.ciie.co.

PuneConnect 2016: Pune’s Largest Startup Showcase Event 19 Nov: Register Today

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PuneConnect, one of Pune’s most important events for startups, is now in its 6th year. The mega event allows selected early-stage startups from Pune to showcase their products and services to the world at large, specifically to larger companies in Pune, VCs and angel investors from all over the country, and others from the ecosystem.

Register today to be a part of this show.

25 of Pune’s most promising startups have been selected from a huge pool of applicants, and they will be joining some of Pune’s established startups and companies in showcasing their products at the Westin, on 19th November from 9:00am to 5pm.

This is an ideal event to connect with the who’s who of the Pune Startup ecosystem. You will find lots of startup founders, successful senior entrepreneurs, potential recruits, angels and investors from all over, potential customers, mentors, business partners, affiliates, and investors from all parts of Pune’e startup and technology ecosystem – including SEAP, PuneTech, TiE Pune, PoCC, MCCIA, IPMA, HIA, IIMA’s CIIE, and SME Joinup.

Agenda

  • 09:00 am – Registration
  • 09:30 am – Welcome Note by SEAP President
  • 10:00 am – “Session on entrepreneurship and investing in an Idea” Mr. Kuntal Shah Partner, SageOne Investment advisors LLP
  • 10:45 am – Panel Discussion on “Scaling Up” with:
    • Shachin Bharadwaj, CEO, Sminq (earlier Founder of TastyKhana)
    • Shridhar Shukla, MD, kPoint
    • Ajit Patil, Co-founder, SmartCloud Infotech
    • Monish Darda, CoFounder and CTO ICERTIS
    • Moderated by Gaurav Mehra, Partner, Kaizen Private Equity
  • 11:45 am – Key Note- Technology and Start- ups Dr. Gopichand Katragadda, CTO Tata Sons
  • 12:30 pm – Startup Stall Visits | Networking
  • 01:30 pm – Lunch Break
  • 03:15 pm – Startup Shootout
  • 04:15 pm – Awards Ceremony- Chief Guest of the Award Ceremony, Hon. Shri. P.P. Chaudhary, Minister of State Law and Justice & Electronic and IT (Govt. of India) and Guest of Honour of the Award Ceremony, Dr. Omkar Rai Director General STPI

In addition, an “IAN Pitch Session”, by Indian Angels Network, will run in parallel, for invited startups – from 10am to 1pm. Please get in touch with Nidhi Saraf, nidhi@indianangelnetwork.com if you’re interested.

Background

PuneConnect started in 2011 and is held in late October/early November every year. In 2011 we showcased 12 startups, and had attendance of about 250. In 2012, we showcased 21 startups, and had to close delegate registrations at 600 because of space limitations. Since 2013, we have been showcasing about 30 startups out of approximately 150 applicants each year. See PuneConnect website for more information about past PuneConnects.

PuneConnect is a joint initiative of Software Exporters Association of Pune (SEAP), TiE Pune, PuneStartups.org (POCC), PuneTech, and NASSCOM, SME Joinup, CIIE Ahmedabad, and MCCIA Pune, IPMA, Hinjewadi Industries Association, and IIM Ahmedabad’s CIIE (which will soon have an Pune presence) – basically all the important players in Pune’s startup ecosystem. PuneConnect represents a one-of-its-kind activity that bridges the gap between the new companies and the established ones.

Entries to other prestigious events: Companies featured in PuneConnect have been selected to be on TV (e.g. an episode ETNow Channel’s Starting Up show), or in national-level conferences (e.g. one organized by Zinnov), where they got to demo their products to companies from all over India, or for mentorship programs (like the TiE Pune Nurture Initiative), or even got funding (e.g. AppSurfer, a company from the first PuneConnect that got Rs. 1 crore in funding on the SuperAngels show) – all as a result of being featured on PuneConnect.

Fees and Registration

This event costs Rs. 1200 if you want to be part of the lunch, Rs. 600 if you want to just attend the event, Rs. 300 for students (full day) and is free for students (half-day).

The event is from 9:00am to 5pm at the Westin, Pune.

Register here.