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Product/Startups

Start-ups Catalyst: Accelerators and Incubators

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Nurturing plays a crucial role in the growth of the child. The same is applicable for a start-up which starts with a small dream and a great idea but needs a proper nurturing to scale heights. Incubators and Accelerators in India have been playing the same role. Incubators give start-ups the basic necessary needs to set-up infrastructure, develop prototype and get ready with the product. These all things might look small but start-up have always struggle in the initial phases only. With over 520+ incubators and accelerators, India have done well compared to other countries and ranks 3rd largest in terms of active programs.  More than 80% programs are incubators and 50% got incepted in last 5 years showing the clear dominance and the need for nurturing the start-up rather than finding the m...

Edtech – A Non-Stop Marathon

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Edtech: A Non-Stop Marathon   Technology intervention in the education sector is progressing like a non-stop marathon. Technology has not only entered into this area, but it has also altered the entire definition. “Education” word will be soon replaced with Edtech since textbook limits the scope and interactive nature of this system. One of the reasons that are driving Edtech is “US: The Middle Class”. Let’s dive deep to get the overall picture of EdTech’s sector growth in the Asia Pacific driven by the middle-class population: Global spending on technology by 2025 – USD 250 Billion Investments made every year in EdTech – USD 4 Billion China attracting half of global startup EdTech investment India, USA & China are significant hubs of EdTech global ecosystem The techno...

The Strategic Shifts in Start-up Ecosystem

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The Strategic Shifts in Start-up Ecosystem The startup ecosystem in India is no more the same as it was 5-7 years ago. Startups have not only risen in numbers but also upped their game in terms of strategy, innovation, product, technology, and several other aspects. One can call it an approach for long term sustainability or developing customer-specific solutions, etc., strategic move. Artificial and Machine Intelligence Adoption: Verticals such as Enterprise, Fintech, Health-tech, Retail & Retail tech, and Agritech have witnessed a high adoption rate of artificial intelligence and machine learning. There is around 3 to 29 percent of startups that are leveraging AI in these verticals. Even some 9-24 percent of startups are also leveraging IoT and Blockchain under different verticals. 7...

Your Guide to turn an on-demand business idea into reality !

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Every well-known on-demand business out there once started with a great idea. But looking at their journey they may have faced a lot of challenges like, Financial problems Lack of technical awareness Incorrect planning Self-doubt Finding potential customers Hiring Some give up, But a well thought out strategic plan and milestones for an on-demand business may help you stand strong. For an on-demand business like Uber, it’s crucial to stay updated with current and upcoming technologies. Top 5 on-demand business ideas 5 best ideas to start your successful on-demand business like uber are 1. On-demand beauty service – By using the on-demand beauty service one doesn’t have to travel to the salon. It also offers you to choose from multiple options available. It allows the user to book an appoin...

Layoffs in the Indian startup ecosystem: Is it the only way to go in times of slow economic growth?

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In 2019-2020, the Indian start-ups were found making the following headlines: Ola, the cab aggregator, laid off 500 employees Paytm, mobile payments and financial services company released 500 junior and mid-level employees from service Oyo, the budget lodging website axed 2,400 staffers ShopClues, online marketplace about 250 These are just a few companies; there are more. Firing employees was the new-norm in the start-up ecosystem last year. However, the scenario in India wasn’t always like this. Back in 2007-2008, when the global recession hit the world, the start-up revolution originated making it the golden era of India’s entrepreneurial journey. Even the employees of the country got the highest pay rise in the Asian region (an average increase of 6.3 per cent), as per a report by Hew...

Does Team Ramp Up Guarantee Increased Feature Velocity?

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When startups move from early to the growth stage, their priorities change by a significant degree. Among all others, feature velocity stands out as a priority and plays a crucial role in their pursuit of growth. The founder of a seed-funded startup that I was working with, which recently raised its series A round, asked me to double the engineering team to release new functionalities in six months. However, is that the only relevant factor in reducing cycle time? To answer, I decided to address the ignored aspects behind this prevalent ‘misconception’. Though resource capacity is one of the critical factors driving frequent releases to production, this alone can’t guarantee reduced cycle time. While building products for more than 16 startups at Talentica Software, I’ve witnessed the tran...

TechVoice: How This Company Is Helping Indian Companies ‘Productise’ More Efficiently

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This Bangalore-based company brought wireless technology to India to elevate customer experience. But they quickly realised there is a bigger play in India – the need to productise a high potential market. Read how Tech.Powersquare is bringing about this change Tell us why you decided to start Tech.PowerSquare At PowerSquare, our team is constantly working with niche technology such as wireless power to build products and solutions that elevate consumer experience. During our product development journey, we observed that a key aspect which was missing in our Indian ecosystem was the productization piece. We realized that people are great at designing and engineering, but the skill set required to create a commercial product which is ready to hit the market is very limited. Most compa...

Indian startups Guide to strategic hiring and making it to unicorn hood

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In the end “Talent is all that matters” Right now most of the Indian startups are moving into mature phase while there is plenty of opportunity for new players to establish themselves in the current market. The ambition to achieve Unicorn status is a goal of every entrepreneur in the Indian startup scenario. The winning edge that new players have is they can set/innovate their businesses based on the success and failures of trial n error experiments done by their previous counterparts. Since it is difficult to get into the data of successful companies one can use ab-initio to figure right from the wrong. It involves skipping all the parameters that prove the hypothesis right or wrong but taking the actions on the data after the event. With the same lens let’s take a pick into what are top ...

Is your invention novel? Maybe You Need To Do A Prior Art Search

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Traditionally, Patent Information Systems are accessed at the time of drafting & filing a patent application, to find out if a patent is novel. Nowadays, it has become a major source of technological & competitive intelligence. The single way of finding out if an invention is novel is to do a prior art search. Prior art is simply any evidence that validates that your invention is known. It is not necessary that the Prior art exists physically or is commercially available. It is enough that someone, somewhere, at any time prior to your invention has set a priority date on his invention. Setting a priority date is as simple as a provisional description or complete specification of the invention that is similar to your invention Importance of Prior Art Search:  Researchers: It can be ...

9 Tips to Save Money With the Smart Usage of Your Credit Cards

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The Economics Times reports a 27% surge in usage of credit cards with a total of 48.9 million credit cards in circulation as of May 2019 up from 38.6 million the previous year. As per reports, there have been an accounted Rs.6 lakh crore spent using credit cards in the fiscal year 2018-19. The growing transactions through credit cards, on one hand, show its popularity while on the other hand, raises questions about wise utilisation of credit.   Customers might make financial mistakes that can cause them monetary loss and hence wise utilisation is a must for customers. As a result, the following tips will come handy in making financially sound decisions. Tips to save money by smart utilisation of credit cards Tip 1: Understand the concept of reward points and welcome bonuses Welcome bo...