We have listed some of the best corporates who have made news in the Indian Startup Ecosystem during the last few weeks. Here it goes...
INFOSYS - Aug 1st 2014
Vishal Sikka - CEO, Infosys: "We have a $100 million fund that our shareholders and board had approved. I want to utilise it starting today. We want to work to be a great amplifier for start ups here in India and also in other parts of the world, in the (Silicon) Valley, US and to focus on improving not only learnability and learning, but also our abilities"
WIPRO - 28th July 2014
Wipro to invest up to Rs 600 crore in startups. Wipro founder Azim Premji's PremjInvest, have made recent investments in e-commerce firms like Myntra and Snapdeal.
GENERAL ELECTRIC - 2nd July 2014
Last week, GE Healthcare announced that it will open its John F Welch Technology Center in Bangalore for startups with ideas for frugal innovation in the maternity and infant healthcare space, where the number of deaths in India have been high.
CISCO - 23rd June 2014
Cisco Investments has set aside $40 million (Rs 240.9 crore) to invest in early stage Indian startups focused primarily on three verticals--connected mobility, big data and internet of things over the next 18 months. As part of the $250 million (Rs 1,503 crore) global fund, Cisco has invested in two Indian companies - Mumbai-based Covacsis, a realtime analytics platform for industries, and Bangalore-based Mob-Stac, a mobile app developer.
AMAZON - 25th May 2014
The Seattle-based internet giant is working with its India unit to scout for startups, which could be of strategic interest. Since 2005, Amazon has been largely investing in startups in the US.
QUALCOMM - 25th May 2014
Qualcomm Ventures awards four Indian startups a total of $250,000 (Rs 1.4 crore) in funding from a clutch of investors and corporates at Qualcomm's annual QPrize challenge.
Globally, some of the biggest technology names such as Intel, Cisco and Dell have dedicated corporate ventures for investing in startups and mature ideas that are disruptive.
It is terrific to see corporates engaging with startups actively, especially in India. If you belong to the startup community or a corporate group - do share your thoughts in the comments section below.
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