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|In: India|Last Updated: | 0 Comments

At a year on year growth rate of 27 percent in May 2016 the online recruitment activities saw a decline of 25 percentage points from a robust 52 percent in January 2016 according to the latest Monster Employment Index. A marginal drop from the year on year growth of 28 percent in April 2016.

A noteworthy observation in the month of May was seen in the much publicized industry, e-commerce. Monster Employment Index [MEI] for May 2016 shows that the sector which is currently under economic scrutiny, witnessed a 35 percent year-on-year growth; one percentage point higher than in April 2016. Clearly, the sector is moving in a positive direction with steady increase in hiring activity over the months.

The online demand for Engineering professionals surged this month as well. The year-on-year growth rate paced up from 39 percent in April 2016 to 47 percent in May 2016. Charting the highest growth figures, Printing and Packaging industry is leading the rung with 67 percent growth from year-ago. The sector has been witnessing a steep double-digit annual growth rates since February 2016.

Commenting on the latest trends and developments in various sectors, Sanjay Modi, MD, Monster.com said

The MEI reveals that the online hiring sentiments is onto a slow paced growth. This hiring downturn can be attributed to domino effect caused by a global slowdown. However, the growth of the manufacturing sector in India at 7.1 percent from last year’s 5.3 percent year has had a significant bearing on the year on year spike in the online recruitment in the production and manufacturing sector. With a positive outlook for the sector that is expected to see the number of online shoppers in India grow to 175 million and Gross Merchandise value to reach $60 million by 2020, the e-commerce sector also registered a double digit year-on-year growth of 35 percent.

Monster Employment Index India results for the past 18 months are as follows

Industry Year-over-year Trends

Of the 27 industry sectors monitored by the Index 24 industry sector registered increased e-recruitment activity.

  • Printing/ Packaging sector has moved up the ladder to lead all monitored industry sectors on a year-on-year basis. This month (May 2016) the sector has registered a 67 percent growth from the year-ago; the sector has been charting steep double-digit annual growth rates since February 2016. The six-month growth rate reveals, e-recruitment activity in the sector has increased by 34 percent between November 2015 and May 2016. Month-on-month, there has been an 11 percent growth in opportunities as well.
  • Education (up 65 percent) sector is next in the rung. Online recruitment activity in the sector has been exhibiting uninterrupted positive growth on an annual basis since July 2015. It is notable that this is the only sector to have recorded positive month-on-month growth rate consistently since September 2015. Online hiring in the sector logged a seven percent growth on the month in May 2016.
  • Online recruitment activity in IT – Hardware, Software (up 62 percent) continued to exhibit diminishing yet robust growth. For the second month in a row the sector witnessed no growth in short-term (month-on-month). Likewise, pace of growth (year-on-year) in the BPO/ITES moderated further from 20 percent in April 2016 to 18 percent in May 2016.
  • Having slowed in the past months, the year-on-year growth momentum in Production and Manufacturing (up 35 percent) as well as Automotive/ Ancillaries /Tyres (up 36 percent) sector paced up in May 2016; up from 15 percent and 17 percent in April 2016 respectively. The month-on-month growth registered was also the steepest among all sectors; Automotive/ Ancillaries /Tyres (up 16 percent) and Production and Manufacturing (up 14 percent). The related Logistics, Courier/ Freight/ Transportation sector continued to growth at a steady rate of 15 percent year-on-year.
  • Engineering, Cement, Construction, Iron/Steel registered a 42 percent growth from the year-ago; up from 24 percent in April 2016. In the related Real Estate sector, on the other hand, the year-on-year growth momentum eased further from four percent in April 2016 to one percent in May 2016.
  • Healthcare, Bio Technology & Life Sciences, Pharmaceuticals exceeded the corresponding period a year-ago by 40 percent maintaining a steady pace. Month-on-month, there has been no growth in online hiring.
  • Among all monitored sectors, online recruitment activity eased the most in Office Equipment/Automation (down 11 percent) sector on an annual basis.

MEIN_3

E-Commerce

E-commerce sector registered a 35 percent growth from the year ago; one percentage point higher than in April 2016. Month-on-month, the sector has seen an increased demand of four percent. This month the six-month growth rate has also improved from six percent in April 2016 to 11 percent in May 2016. The growth pattern has exhibited no significant fluctuations in the past months.

Occupation Year-over-year Trends

Online demand increased for 12 occupation groups out of the 13 monitored by the Index.

  • The year-on-year growth rate moderated further for professionals at the Senior Management level; down from 79 percent in April 2016 to 69 percent in May 2016. Yet the figures portray a positive outlook owing to a significant jump since April 2015.
  • Online demand for Engineering/Production surged this month. At four percent, the group registered the steepest month-on-month growth among all monitored job roles. The year-on-year growth rate paced up from 39 percent in April 2016 to 47 percent in May 2016.
  • Year-on-year, Marketing & Communications (up 47 percent); Software, Hardware, Telecom (up 42 percent); Health Care (up 42 percent); Sales & Business Development (up 34 percent) are among the top in-demand job roles. The long-term growth rate moderated the most for Purchase/Logistics/Supply Chain (up 10 percent); down 27 percentage points.
  • Online demand for Hospitality & Travel (up two percent) continues to decline progressively; the year-on-year growth momentum eased further by two points. The group also witnessed online opportunities slip below the three-month and six-month level by six percent and one percent respectively.
  • Online demand for Arts/Creative matched the year-ago level. Year-on-year growth rate for the group has been declining progressively starting November 2015 and has a exhibited the most restrictive online demand this month.

Geographic year-over-year Trends

E-recruitment activity increased in all 13 cities monitored by the Index.

  • Chandigarh (up 47 percent) led all monitored cities charting the steepest growth year-on-year even this month. The rate of growth, nevertheless, moderated from 53 percent in April 2016 to 47 percent in May 2016. There were fewer opportunities on the month; down by two percent.
  • Among tier I cities, Chennai (up 40 percent) followed by Bangalore (up 39 percent) and Hyderabad (up 37 percent) registered the steepest growth from the year-ago and also ranked among the top growth cities. The growth momentum slowed in Bangalore from 47 percent in April 2016. Delhi-NCR (up 21 percent) also witnessed a slowdown in the annual growth rate by two points between April and May 2016.
  • The annual growth momentum improved in Kochi; from four percent in April 2016 to 12 percent in May 2016. Nevertheless, Kochi continues to exhibit the most controlled annual growth percentage among all monitored cities.  Both three-month and six-month growth rate are still negative for the city; down three percent each.

About the Monster Employment Index

Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster India, the MEI presents a snapshot of employer online recruitment activity nationwide.

MEI’s underlying data is validated for accuracy by Research America, Inc.-an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%. For more information, please visit Monster Employment Index

|In: India|Last Updated: | 0 Comments

The online hiring sentiments for the month of April 2016 exhibited a sluggish year-on-year growth rate at 28 percent down from 42 percent in March 2016, according to the latest Monster Employment Index [MEI].

The backbone of the Indian economy, Production and Manufacturing sector, according to the latest MEI, is going through a fragile state of affairs. Online recruitment activities in this sector have been charting a negative six-month growth consistently since January 2016; this month’s growth being a negative 7 percent. The year-on-year growth rate has declined from a dramatic 112 percent in October 2015 to 15 percent in April 2016.

While hiring in the IT sector continues to steer ahead of all the industries with a 63 percent growth. The IT sector was closely followed by Printing and Packaging industry with a growth of 60 percent since 2015. Though the Media and Entertainment sector maintained a steady growth of 47 percent, but the industry took a significant nose dive from 71 per cent in March, 2016.

Highlights of the Monster Employment Index

  • IT – Hardware, Software continues to chart the steepest year-on-year growth.
  • Y-o-Y growth rate in production & manufacturing has dropped from 112 percent in October 2015 to 15 percent in April 2016.
  • Marketing & Communications and Health Care is the most sought after job role.
  • Chandigarh, followed by Bangalore leads all cities by the way of long-term growth.

Commenting on the latest trends and developments in various sectors, Sanjay Modi, MD, Monster.com said

The MEI reveals a relative slowdown in the pace of online hiring. While the numbers are still good there is a drop from a robust 42 percent in March to 28 percent in April, 2016. We as a nation are definitely heading in the right direction for a long term gain with more streamlined employment generation initiatives and strongly driven Skill India by PM Modi with an aim to enhance employment. However, currently the scenario is a bit cautious when it comes to hiring. The Production and Manufacturing industry is yet to see the hay day but the concept of Make in India is appropriately towards greater employability.

Further on, Sanjay Modi added

Although, the IT sector continues to lead across all segments, the industry is low on the earlier vigor. The bearish response towards recruitment activities can be attributed to the shift from dependence on manpower to increase reliability on mechanization at the lower levels, especially in the IT sector. The  start-up ecosystem is currently going through a stage of healthy re calibration which is a positive trend from a long term perspective. We are optimistic that this dip is temporary and will soon fade away.

Monster Employment Index India results for the past 18 months are as follows

Industry Year-over-year Trends

All 27 industry sectors monitored by the Index exhibited improved e-recruitment activity from the year-ago.

  • IT – Hardware, Software [up 63 percent] was the leading sector in terms of growth on the year for the sixth month straight. The pace of growth year-on-year, nevertheless, eased 13 percentage points between March and April 2016. At the same time the sector registered no growth on the month. Similarly, in the BPO/ITES sector, the growth momentum slowed 19 percentage points between March [up 39 percent] and April [up 20 percent] 2016
  • Manufacturing & Commerce is growing at a significantly moderated pace. E-recruitment activity in Production and Manufacturing has slowed in the past months. The sector has been charting negative six-month growth consistently since January 2016; this month’s growth being negative seven percent. The year-on-year growth rate has declined from a dramatic 112 percent in October 2015 to 15 percent in April 2016. Logistics, Courier/Freight/Transportation, however, recorded a 15 percent growth from the year-ago level; four points higher that March 2016
  • Education [up 57 percent]; Media & Entertainment [up 47 percent]; Healthcare, Bio Technology & Life Sciences, Pharmaceuticals [up 40 percent] have registered some of the steepest year-on-year growth percentages this month. The growth momentum vis-a-vis March 2016 has eased in each of these sectors nevertheless. Printing/Packaging sector was second from the top in the long-term growth chart with a 60 percent growth in opportunities from the year-ago
  • Retail sector witnessed a nine percent growth from the year-ago level; 31 points lower than March 2016. It is notable that the sector has been growing in double-digits since March 2015 and this is the lowest annual growth recorded since that time.
  • Year-on-year, online recruitment activity in Import/Export [up 7 percent] and Shipping/Marine [up 8 percent] was positive this month following low levels in March 2016. Real Estate [up 4 percent] exhibited the most controlled annual growth among all monitored industry groups

E-Commerce

E-commerce sector continued to grow at an eased up pace vis-a-vis the past months. Both three-month and six-month growth rate moderated further while there was no growth on the month. It is notable however that the sector is going strong on an annual basis. E-recruitment activity in the sector exceeded the corresponding period a year-ago by a robust 34 percent

Occupation Year-over-year Trends

All 13 occupation groups monitored by the Index continued to exhibit improved demand on the year

  • There continues to be high call at the Senior Management level. Online demand this month is 79 percent higher than April 2015 despite marginal slowdown in pace between March & April 2016
  • While growth momentum [YoY] slowed for all the monitored job roles, Marketing & Communications [up 47 percent];Health Care [up 45 percent]; Software, Hardware, Telecom [up 43 percent] saw the steepest growth in demand. Demand for Finance & Accounts [up 26 percent] slipped one percent below the six-month [October 2015] level.
  • Online demand for Hospitality & Travel [up 4 percent] personnel was the most restrained as the year-on-year growth rate moderated further from 15 percent in March 2016

Geographic year-over-year Trends

All 13 cities monitored by the Index registered positive growth on the year even this month. The pace of growth eased in all 13 cities

  • Chandigarh [up 53 percent] supplanted Bangalore [up 47 percent] to lead all monitored cities by the way of long-term growth. Bangalore witnessed a two percent decline in opportunities on the month while the annual growth rate was 17 points lower than March 2016 [up 64 percent]
  • Delhi-NCR [up 23 percent] saw annual growth rate one percentage point lower than March 2016 [24 percent]. The growth momentum in Delhi-NCR has not fluctuated significantly since November 2015
  • Year-on-year growth rate plunged the most in Kochi [up four percent]. Online recruitment activity in Kochi has dipped in the past months reflected in negative three-month growth rates since January 2016. This month the Index for the series slipped four percent below the six-month ago [October 2015] level

About the Monster Employment Index
Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster India, the MEI presents a snapshot of employer online recruitment activity nationwide.

MEI’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%. For more information, please visit Monster Employment Index

|In: India|Last Updated: | 0 Comments

Hike Messenger, India’s first homegrown messaging platform, is enabling its 100 million Hikers to spread love for the most awesome people in the world, mothers!

Hike is launching its Mother’s Day micro-app that will enable you to show the world, how much your mother means to you by letting you post and share ready made stickers and cards dedicated to your mom.

For Hikers who love to express via stickers, the adorable Mother’s Day stickers will surely mush you up. And the expressive Mother’s Day cards will give an extra punch as they can be easily personalized; you can use them as they are or personalize them with an image, edit the quotes, add a message and so on.

You can then post these cards and stickers on your timeline or share amongst your friends, not only on Hike but also on any other platform of your choice! It is that simple!

Hike’s sending the Mother’s Day micro-app to all its uses on the eve of Mother’s Day, that is on 7th May evening. Expect a notification on your Hike app. Your Mother’s Day micro-app will be live for use for 2 days.

So go ahead spread love this Mother’s Day!

Hike’s Growth Story

  • Dec 2012 – Global launch
  • Feb 2013 – Messaging traffic grows 10X week on week
  • April 2013 – Hit the first 5M user milestone in just 4 months of its launch | Raised $7M from BSB
  • Feb 2014 – Hit the 15M user mark
  • April 2014 – Received $14M fresh funding from BSB
  • June 2014 – Crossed 20M user mark, launched first TVC
  • July 2014 – Hit #1 rank on App stores
  • August 2014 – Crossed 35M user mark, receives $65M fresh funding led by Tiger Global & BSB
  • November 2014 – Launches regional stickers on hike
  • January 2015 – Launched free Hike Calls
  • February 2015 – Launched Cricket Scores on hike
  • Aug 2015: Hike announces 20 billion messages per month and launched Hike News
  • Sep 2015: Launched Group Calling with upto 100 people

Additional information

You can download the app at – http://get.hike.in For more information, please visit the Hike Blog

|In: India|Last Updated: | 0 Comments

To evangelize the product design ecosystem in India, NASSCOM has partnered with Facebook to build a ‘Product Design Initiative‘ in India. This will be a flagship program of the NASSCOM Product Council and will aim to support 500+ product startups on product design and train 5,000+ product designers over a period of two years.

India is at an interesting inflection point – there is increasing focus on building technology products and solutions that enable innovation and access.  At the same time a key gap to spur innovation is the focus on design – product design that is simple, yet builds a powerful product and exemplifies customer experience. This initiative stems from the need to build design skills that will propel innovative thinking and approaches to build solutions in key sectors where technology can play  a transformational role.

Speaking on the announcement, R Chandrashekhar, President, NASSCOM said

Design as a tool for innovation has developed rapidly in recent years. Design thinking, methodologies and tools enable solutions for complex and challenging issues and help re-imagine systems. With this initiative, NASSCOM plans to scale up the focus on product design and engage the young entrepreneurs into becoming problem solvers and solution builders.

Mr Ravi Gururaj, Chairman, NASSCOM Product Council said

India’s product landscape is rapidly maturing and innovative solutions are getting built across a spectrum of verticals and business needs. The Product Council has been running design workshops and an annual design summit to create awareness on product design and its imperatives. The Design Initiative will aim to build and diffuse a design culture across our ecosystem, link up with academia, recognize outstanding designs and overall ensure India’s software products delivery delightful customer experiences.

Julie Zhuo, VP, Product Design, Facebook said

The Product Design ecosystem is evolving swiftly and to seize this growth we need to solve a few challenges such as a growing need for skilled designers and better design tools to produce great designs more effectively. At Facebook, we are passionate about design and would like to work alongside industry to foster innovation in product design in India, a country known for great technology and engineering talent. We are pleased to join hands with NASSCOM and through this initiative support and mentor the design community in India.

This unique nationwide initiative by NASSCOM will offer focused programs to build awareness around product design, training on design tools, Design Lab, Awards, Design sprints and mentorship.

About NASSCOM

NASSCOM is the premier trade body and the chamber of commerce of the IT-BPM industry in India. NASSCOM is a global trade body with more than 1800 members, which include both Indian and multinational companies that have a presence in India. NASSCOM’s member and associate member companies are broadly in the business of software services, software products, consulting services, BPM, e-commerce and web services, engineering services and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs about 3.5 million professionals.

|In: India|Last Updated: | 0 Comments

Union Minister of State for Skill Development and Entrepreneurship [Independent Charge], Rajiv Pratap Rudy released the India Entrepreneurship Report 2015 by Amway. The reports aims to understand the latent enthusiasm for entrepreneurship in the country, as well as factors that motivate and obstruct the creation of new enterprises.

Research partner Nielsen India surveyed 250 households in each of the 21 states across 50 different cities. One male & one female member in the 21-65 age group were interviewed from each household taking the total no of respondents to 10,768 individuals [Male 5,402 and Female 5,366].

Unveiling the report, Rajiv Pratap Rudy

The contribution of MSME sector in India, is much less as compared to some of the developed nations. This needs to change. It is critical that there is entrepreneurship led boom at the grass root level so that India can leverage the demographic dividend to the maximum possible extent. The understanding of motivations, attitudes towards entrepreneurship, offers valuable insight to the policy makers.

Anshu Budhraja, CEO, Amway India, said

We are aiming to engage different stakeholders on what drives entrepreneurship in India and contribute to the on-going discussions on the role of skill development and self-employment in improving employability of the youth.

Entrepreneurship is a way for people to realise a better life for themselves and their families. Entrepreneurs also create jobs and encourage competition. They spur economic growth and bring opportunities to communities. So, it’s important that businesses like Amway know how entrepreneurs think and act in order to better support and encourage them.

Findings of India Entrepreneurship Report 2015

Two-Thirds of Indians view entrepreneurship positively

Entrepreneurship is valued in India. India Entrepreneurship Report 2015 reports tangible enthusiasm for entrepreneurship as being a good prospect to earn a livelihood in India, with nearly two-thirds of the respondents viewing it favourably. Kerala [78 percent], Punjab [77 percent] and Uttarakhand [76 percent] were the states with most positive attitude towards entrepreneurship.

Access to finance [41 percent] and Family support [35 percent] emerged as the most important factors to start one’s own business. 73 percent of the respondents believe that anyone can be trained/educated to be an entrepreneur. 62 percent of all respondents thought that the education they had right now was sufficient to start their own business.

Nearly 50% of respondents considering to start their own business

Almost one in two respondents [47 percent], said that they had either thought about starting their own business or are actively pursuing one. Overall, 19 percent of respondents said that they are “very open to starting a new business and in fact are actively pursuing one”. Jharkhand has the highest number of respondents [60 percent] who say that they are actively pursuing a new business, followed by Uttarakhand [40 percent] and Uttar Pradesh [29 percent].

Environment for entrepreneurs to start business in India has improved

Nearly half of all respondents [45 percent] said the environment to begin a business in their state has improved over the past five years. 11 percent of the respondents felt that the environment has ‘improved significantly’.

Financial institutions play a key role

83 percent respondents voted banks as their main port of call for starting a business. This insight clearly point to the role of financial institutions in fostering and facilitating entrepreneurship. Friends and family came second on this index with 78 percent.

Fear of Failure

Across gender, income and age, the fear of failure emerges as a clear obstacle to starting a business with 63 percent of the overall respondents saying so. The fear of failure is composed of different factors. 31 percent of respondents found “financial burdens up to bankruptcy” as the “most important” cause for the fear. Non-conducive market conditions [24 percent] and fear of unemployment [23 percent] were the other key causes of the fear.

The complete report can be downloaded from here

About Amway India

Amway India is a wholly owned subsidiary of Amway with headquarters located in Ada, Michigan, USA.  Amway is one of the largest Direct Selling companies in the world with presence in over 100 countries & territories.

Globally, Amway is over 56 year old, US $ 9.5 billion, manufacturer and direct seller of high quality consumer goods. Amway’s innovation and industry-leading R&D has seen more than 1,150 patents granted and another 500 patents pending.  Amway has more than 950 scientists across 75 research and development and quality assurance laboratories worldwide. Amway India sells more than 130 daily use products across categories like Nutrition, Beauty, Personal Care and Home Care through individuals who make personal recommendations regarding the use of distinctive high quality products. Amway products are widely recognized and appreciated for their quality and value. These products are backed by a money back guarantee for 100% satisfaction of use. For more information, please refer Amway India

Source – Euromonitor International Limited

|In: startups|Last Updated: | 0 Comments

Counting and handling cash may soon become a thing of the past for offline retailers. FreeCharge, India’s leading digital payments platform has inked partnership with Ezetap, Bangalore-based pioneer in mobile payments, allowing the entire base of FreeCharge users to immediately start using their wallets to make payments at thousands of Ezetap service points consisting of small and mid-sized retailers across India.

The partnership draws FreeCharge closer to its vision of creating an ecosystem where organized and unorganized merchant networks can come together and accept electronic payments. Ezetap’s Universal Mobile Wallet Acceptance is India’s first universal solution that allows merchants to accept customer payments from any mobile wallet through their existing Ezetap mobile point of sale [mPoS] application. To encourage adoption of digital payments, FreeCharge will also run year long offers with individual Ezetap merchants that come on board with Ezetap.

Commenting on the partnership, Govind Rajan, Chief Operating Officer FreeCharge said

Our aim is to create the ecosystem for digital payments and help consumers move from cash to digital. We are excited to announce this strategic partnership with Ezetap which will further enable millions of FreeCharge customers to transact at over 40,000 POS terminals in the swiftest and safest manner possible. FreeCharge believes partnerships are critical to scale acceptance and build habit of digital payments.

Today, customers are reluctant to use any medium other than cash for small ticket transactions due to the friction involved in the payment experience. This partnership eliminates friction by facilitating payments with just a few clicks in a secure payment method. Enabling wallet payments at retail merchants will enable the wallet consumers to use FreeCharge both not just online but at over 40000 offline points too.

Abhijit Bose, CEO of Ezetap said

Our mission is to allow every business in India to easily collect payments from their customers, supporting every method and instrument that their customers want to use. We are excited to partner with FreeCharge to provide a simple and engaging user experience for both merchants and consumers.  Thousands of Ezetap smartPOS solutions are being activated at merchants every week, and each application is pre-enabled with universal wallet acceptance.  Our merchant can accept, load and take advantage of FreeCharge offers with a simple click.

FreeCharge recently announced doing 1 million transactions a day on its platform and with partnership the company will further strengthen its reach at offline stores and is aggressively on its way to achieve 7 million transactions a day by end of 2016. 

About FreeCharge

FreeCharge is India’s leading digital platform for recharge and utility payments which provides prepaid, post-paid, DTH and Electricity bill payment for almost all Indian service providers. FreeCharge was founded in 2010 by Kunal Shah & Sandeep Tandon and had received funding of over $120 million in the last 4 years. In the largest acquisition in the consumer Internet space yet, Snapdeal acquired FreeCharge in Apr’15 resulting in India’s largest m-commerce ecosystem.  For more details, please visit FreeCharge

About Ezetap

Ezetap is a mobile-based payments service provider for emerging markets based in Bangalore, India. The Ezetap service is PCI-DSS compliant, has been certified by multiple, leading financial institutions. The company has raised over Rs. 210 Crores [$35 Million] in funding to date and its investors include Social+Capital Partnership – the Silicon Valley firm led by former Facebook executive Chamath Palihapitiya, Helion Advisors, American Express & Horizons Ventures. For more details visit Ezetap

|In: startups|Last Updated: | 0 Comments

In an effort to accelerate digital transformation at the start-up level, NASSCOM in partnership with IBM, launched Techstartup.in Delhi on IBM Cloud.

Techstartup.in was first launched in Bangalore in October 2015. The new, localized Delhi version of the site is designed to help stimulate innovation in Delhi while spurring growth within the entire Indian start-up economy. The portal is a first-of-its-kind online platform that will serve as a centralized hub for India’s tech ecosystem city by city providing information and resources to help turn ideas into businesses, deliver valuable tools for tech startups, and connect citizen entrepreneurs to opportunities in the tech ecosystem.

This is a platform for the entire Indian start-up & product ecosystem to network, stimulate local innovation and grow the economy.

The Indian technology start-ups landscape has seen a remarkable growth towards creation of innovative start-ups. India, a home to a new breed of young start-ups, has clearly evolved to become the third largest base of technology start-ups in the world. As per NASSCOM Start-up Report 2015, within one year, the number of start-ups in India has grown by 40 per cent, and this number is expected to cross 4,200 by the end of 2015. With over 100 per cent growth in number of PE/VCs/Angel investors along with a 125 per cent growth in funding over last year, the Indian start-up ecosystem has risen to the next level. The total funding in the India based start-ups is estimated to be nearly $5 billion by the end of 2015.

This growth will only increase as thousands of start-ups are expected to establish themselves in India, generating employment opportunities for hundreds of thousands of people. This will not only pave the way for innovative services, but will also act as a major booster for the development and the progress of the Indian economy.

Mr. Rajat Tandon, Vice President, NASSCOM 10,000 Start-ups, said

With Techstartup.in we want to democratize access to key resources and information across the country digitally connecting India’s expanding tech-preneurs. Building it together in support with IBM, it will be a personification of a united commitment to increase jobs, train the workforce of the future, support new startups, and ultimately ensure India is at the centre of technology innovation

Built on IBM Cloud, TechStartup.in will be updated regularly using tools from Bluemix, IBM’s cloud platform that includes tools for social, mobile, analytics, cloud integration, Internet of Things, Watson cognitive computing and more.

Additionally, as part of its commitment to the global startup community, IBM will offer up to $120,000 of free IBM Cloud credits for local qualified startups to use as they build their businesses on IBM Cloud.

Ms. Sandy Carter, General Manager, Cloud Ecosystem and Developers, IBM, said

Our collaboration with NASSCOM helps IBM deliver on its commitment to empower entrepreneurs on both the local and global levels. Techstartup.in allows Indian start-up communities to experience first-hand the benefits of IBM Cloud, while providing a supportive environment for the entire start-up ecosystem to connect, learn, network and thrive in both the local and global marketplaces.

Techstartup.in, a playground for 10,000 start-ups will further support the progressive phase of start-ups in India. The platform will offer a pioneering search engine and database which will profile virtually every city-based tech company and investor; a continuously updated list of tech and start-up job openings, a citywide tech event and class calendar; an interactive map of tech companies, start-up resources across the boroughs; and additional features that combine to create a comprehensive one-stop shop for everything start-up.

About 10,000 Startups

Started in April 2013, 10,000 Startups is an ambitious attempt by NASSCOM to scale up the startup ecosystem in India by 10x. 10,000 Startups aims to enable incubation, funding and support for 10,000 technology startups in India over the next ten years. The initiative brings together key stakeholders of the ecosystem including startup incubators, accelerators, angel investors, venture capitalists, startup support groups, mentors, and technology corporations.

Since its launch in April 2013, they have done about 450+ events in 22 cities of the country which were attended by a whopping 25,000 attendees and received 9000 Applicants, 800 Startups Shortlists, and 150 Impacts.

Nasscom-Partners

For more information about IBM Cloud, please visit http://www.ibm.com/cloud-computing

|In: India|Last Updated: | 0 Comments

National Instruments [NI], the provider of systems that enable engineers and scientists to solve the world’s greatest engineering challenges, today successfully hosted its 12th edition of NIDays in Bangalore. The event was attended by over 500 engineers, academicians and researchers who witnessed the launch of a wide range of products that are designed to revolutionize the Industrial Internet of Things [IIoT]

At the seminar, NI India launched the latest version of its flagship product – LabVIEW, with enhancement in speed and memory usage. NIDays offered 18 technical sessions and tutorials with over 30 products and application demonstrations. It allowed visitors to learn about the latest hardware platforms and applications in the industry.  Speakers and exhibitors from various industries including automotive, telecom, semiconductor, smart machines, aerospace and defense, etc. joined the event to discuss and discover how to accelerate productivity for software-defined systems in test, measurement & control.

Robert Morton, Vice President, EMEIA, National Instruments said

We are excited about using the Internet of Things in a way that benefits the society at large through connected devices and by incorporating the generated data into meaningful usages. We are investing heavily into technology that makes this process easier for scientists and engineers to not only rapidly prototype this but also deploy systems.

The conference also witnessed the launch of wide range of products which includes:

  • Highest Bandwidth CompactDAQ chassis to date, the new 14-slot USB 3.0 chassis, can stream measurement data at over 225 MB/s
  • The world’s first PXI chassis with PCI Express 3.0 technology can stream with system bandwidth of up to 24 GB/s each direction
  • The world’s first Intel Xeon-based 8-core PXI Express Embedded Controller can turn 24 GB/s of data into valuable insight
  • The newest Single Board RIO controllers based on dual core ARM processor and ARTIX-7 FPGA technology, which runs the new security enhanced distribution of NI Linux Real-time
  • NI Wireless Test System [WTS], which dramatically lowers the cost of high-volume wireless manufacturing test for the increasing number of things with a wireless connection, a high-performance

Jayaram Pillai, Managing Director – IndRAA at National Instruments said

We are extremely excited and motivated to witness the breadth and sophistication of applications that 2015 NIYantra participants have created. Aiding in improving the education system and providing hands on experience to students and engineers is a reward for the years of our efforts. NIYantra is committed to support and help these budding individuals with access to our technologies to create applications that can solve problems that humanity face as a whole.

Engineering Impact Awards

NI’s annual technical application contest – Engineering Impact Awards, enables NI customers to showcase innovative projects based on NI software and hardware. The contest this year had a total of 67 teams and the winners will get a chance to participate in the Global Engineering Impact Awards held in Austin annually during NIWeek. This year’s winners were ARAV Technologies for their vision based pre-dispatch inspection from the SME category, Mahindra & Mahindra for their automated infotainment systems testing solution from the Systems category, SRM University for their full duplex cognitive radio implementation using NI USRP RIO 2943 from the Academics category and Digilogic Systems for their portable DRFM based radar echo simulation system from the Alliance Partner Category.

NIYantra Awards

In order to foster the spirit of innovation in engineering students and expose them to the essence of experiential education through contest, NI hosted its annual Graphical System Design contest NIYantra. This contest helps undergraduate engineers to design their project ideas and convert them into working models using NI hardware and software over a period of six months. 

NIYantra 2015 witnessed abstract submissions from 204 teams spread across engineering colleges in India. The winners were from Veermata Jijabai Technological Institute, Mumbai for their project development of a scavenger bot which is an autonomous street cleaner and Ajay Kumar Garg Engineering College, NCR for the development of a smart bin which is aimed at being a solution to Swachh Bharat. The runners up were from Kumaraguru College of Technology, Coimbatore for the development of a tennis tutor.