Startups In India: Govt To Invest Rs.200 Cr On Scaling Up Existing Incubators

NEW DELHI: Government will identify 10 incubators out of existing 200 such centres and invest Rs 200 crore on scaling up their capacity, Niti Aayog CEO Amitabh Kant today said. 

"There are 200 existing incubation centres. We will scale up 10 best incubation by 10x. We have received 120 applications for the same. We will select 10 and to each incubator we will produce Rs 20 crore," Kant said at Startup India state's conference.

He said the government will invest Rs 20 lakh to support existing tinkering labs. 

"We are going to set up 100 new incubation centres this year. We have received 3,000 applications for it," Kant said. 

He said the government is soon going to start a contest to find out solution for problems in India. 

"Can we do a flyover, which takes 4-5 years, in 30 days and to my mind it is possible," Kant said. 

He said that challenge will include developing solution for farming to help farmer decide which seed should be sown in a particular season depending on soil and weather condition to get maximum output. 

The government will look at finding solution for sewage problem and solving water crisis as part of the contest, he said. 

"Grand challenge will be launched shortly. There is huge opportunity," Kant said.

Source : www.techgignews.com

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Facebook launches OpenCellular – a noble cause or gimmick?

Social media giant Facebook announced the launch of OpenCellular, the company’s latest attempt at bringing Internet to everyone. According to Facebook, more than four billion of the world’s population is still not connected to the Internet and 10 percent of the world lives outside network coverage.

Facebook has an enviable user base of over 1.6 billion people. While that is an achievement in its own, the company has to keep asking itself, “What next?”. In order to bring in new users, the company plans to target the ‘Internet virgins’, as this is the only way the company can grow. The number of users have saturated in many developed countries such as US and UK, hence Facebook is looking for new ways to bring more people online from developing markets like India and Africa.

OpenCellular is a shoebox-sized device that can be attached to a tree or a lamp post, and it has the ability to support a variety of communication options including network in a box or access points for 2G or LTE. With constructing an entire network tower being too expensive, OpenCellular provides a cheaper alternative. An important feature of the device would be it’s ability to withstand harsh conditions, making it a reliable bet.

Source : www.techgignews.com