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Aug 2018 | Vol 4 | Issue 5 www.advantagekarnataka.in Frames Bangalore Fostering of its Startup Potential Glory NGMA Exhibits Jitendra Arya’s Ouevre August 2018 ADVANTAGE KARNATAKA 2 August 2018 August 2018 3 ADVANTAGE KARNATAKA EDITORIAL angalore, the Startup Capital of India, is scaling new heights among world Content cities by providing the ideal ecosystem for startups to nourish. According to a report published recently by US venture capital and startup database, B 6 Bangalore Fostering its Startup Potential Bangalore ranked first among Indian cities to have highest number of startup investment rounds greater than $100 million since 2014. The report also states that 8 Major Event for Aerospace Manufacture Bangalore runs ahead of foreign cities like London (19), Boston (13), and Tel Aviv (2), which are often regarded as strong startups hubs around the world. 10 Creating Priorities for Digitisation Moreover, Bangalore has been selected for the launch of Defence India Start Up Govt. Aims to Make State Future-Ready: K J George Challenge, an initiative of Defence Innovation Organisation (DIO) under the aegis 12 of Department of Defence Production, Ministry of Defence. The Defence India Start 14 Focus on Making Transport Corporations Profitable up Challenge, aimed at supporting innovators to create prototypes, commercialise Editorial Advisory Board products or solutions based on advanced technologies in the area of national 16 Toyota Aims High in Diesel Engine Manufacture security, will further the startup potential of the city which is already home to several Dr. C.G. Krishnadas Nair startups in aerospace and defence sector. 20 Boeing’s HorizonX India Innovation Challenge Dr. D. S. Ashwath IAS (Retd) The city hosts more than 30% of all startups in the country. The startup ecosystem Oral Health: A Mirror to Your Overall Health Shri. Ivan Nigli Ex. MLA in Bangalore has been growing and the momentum has been maintained in the 22 Maj Neil Castelino (Retd) city by offering a varied audience to support diverse ventures. With a cosmopolitan 30 ‘On Top of The World’Healthy Buddha Sunny Jerome populace, even the most niche start-up can easily find a target audience here. The Managing Editor state government with its proactive policies is readying the setting for startups to 32 Easy Krishi among the Top Three Startups at GIC nourish. For example, the project to have 10000 startups by 2023 and the New Age Preethi M 38 Now Birding is a Popular HobbyMunnar Turns Blue Once Again Incubators to promote student startups. Associate Editor The state budget too has proposed several policies to support the growth 40 Frames of Glory Trivandrum of startups in all sectors including IT, Agriculture, Irrigation, Food Processing, S.Radhakrishnan Manufacturing etc. With the productive use of the conducive environment readied 44 Dharmasthala “The Land of Charity” Email: [email protected] by the government, Bangalore could foster its startup potential. Anantha Narayanan K Subeditor David Barnabhas Design For Publishing Articles & Advertisements Email : [email protected] Tel : +91 9449061925 / 080 25604055. Email : [email protected] Tel : + 91 94805 51925 / 080 25604055. www. advantagekarnataka.in Edited, Printed & Published by Sunny Jerome, Managing Editor, ADVANTAGE KARNATAKA,Aerosun Media Pvt. Ltd., B-2, SAPPHIRE, 1st, Block, 3rd Cross, Prakruthi Township, Babusapalya, Kalyan Nagar, Bangalore - 560113. Printed at Rashtrotthana Mudranalaya, 19/1, K.G. Nagar, Bangalore - 19 4 August 2018 August 2018 5 ADVANTAGE KARNATAKA Bengaluru smoothly claimed Challenge has a two-folded Bangalore Fostering the first spot in the Indian tech vision as it helps to create startup funding charts with functional prototypes of a whopping number of 366 products or technologies its Startup Potential deals and $7.5 Bn funding. The relevant for national security With the support of the Karnataka spike in amount, however, is (prototyping), and to build government’s efforts and several startup- largely because of Flipkart’s $4 an ecosystem of fast-moving centric programmes, Bangalore or rather Bn and Ola’s $1.1 Bn fundraises innovation in India’s Defence Karnataka has been the centre of attention last years. Sector. Also, it helps new Also, Bangalore has deep-tech products find for large MNCs, VC funds and startup talent claimed the second spot in markets and early customers over the last couple of years. According to a the list of best locations for (commercialisation) in the to defence startups and talent over the last couple of report published recently by US venture capital launching tech compiled by context of the Indian Defence innovators. years. and startup database C B Insights, Bangalore SmallBusinessPrices.co.uk. The Sector. An innovation Bangalore could excel in The city houses some of the ranked first among Indian cities to have highest research platform has listed ecosystem for Defence titled defence startup sector as best startup giants Flipkart, Ola number of startup investment rounds greater some of the best cities to live Innovations for Defence the city is already one of Cabs among others. The state and work in for young people Excellence (iDEX) was the leading defence and government is working with than $100 million since 2014. The city is home who want to launch their own launched in April 2018 by aerospace manufacturing institutions and education to some of the best startup giants Flipkart, Ola business. Average internet the Prime Minister, Narendra hubs in the country. Until a bodies to encourage more Cabs among others. Bangalore’s cosmopolitan speed, average business Modi, at the DefExpo 2018, few years ago, the defence entrepreneurial activities in culture provides even the most niche start-up valuation, and cost of living held in Chennai. sector was an exclusive club of the state. The government with the right target audience. The Defence were among other metrics large-cap companies but the currently hosts a monthly Ministry has chosen Bangalore as the ideal considered for the ranking, ongoing Startup Revolution startup open house where and Bengaluru performed in last one decade made it authorities, sit with startups place to launch the Defence India Startup exceptionally well in the possible for a lot of small and discuss their issues in Challenge 2018. The state government with business category, with over startups to enter the defence detail. its proactive policies extends full support for 7,500 startups and the largest sector in the city. With the Bangalore’s cosmopolitan startup nourishment. With the productive number of investors (6,236). presence of several PSUs like culture provides even the HAL, BEL, BEML etc. startups most niche start-up with the K J George use of the conducive environment provided Defence India Startup have a great opportunity to right target audience. The Minister for Large & Medium Industries and IT & BT, by the government, Bangalore could become Govt. of Karnataka Challenge be part of the fast-growing government with its proactive the undisputable leader in startup culture. After making a mark in defence manufacture. policies extends full support sectors like eCommerce, IT Moreover, the proximity to to startup nourishment. For angalore, the Capital But over the last decade, the Bangalore. When it comes to fintech and AI, Bangalore’s the proposed defence corridor example, the project to have City of Karnataka city has earned another name the number of startups and Startup ecosystem is now offers wide scope for startups 10,000 startups by 2023, New Bis known for its which adds to its significant its funding, Bangalore has taking the defence sector by to play a major role in fulfilling Age Incubation Network sobriquets like the Garden globally - The Startup Capital been taking the centre stage storm with its innovative out- the new requirements in the (NAIN) Scheme, the Startup City, IT Capital, and Silicon of India. The term startups has in India ever since the so greater than $100 million of-the-box ideas. Bangalore sector. Policy 2015-20, Creating Valley of India, among others. become synonymous with called startup-culture started since 2014 compared to Delhi has been selected for the iDEX is aimed at creation incubation infrastructure prevailing in the country’s NCR (18), which is Bangalore’s launch of Defence India Start of an ecosystem to foster Proactive policies through PPP, incentives and industrial sector. The city has main competitor in the sector. Up Challenge, an initiative innovation and technology of Government concessions, Dedicated represented India in most The report also states that of Defence Innovation development in Defence The above reports reveal Startup Cell, and the New Age of the global surveys and Bangalore runs ahead of Organisation (DIO) under and Aerospace by engaging that the credits for winning Incubators to promote student rankings related to startups foreign cities like London (19), the aegis of Department of Industries including MSMEs, the name ‘Startup Capital of startups. The new government and has won several awards. Boston (13), and Tel Aviv (2), Defence Production, Ministry Startups, and provide them India’ directly goes to several also gives major focus to starts Recently, Bangalore has added which are often regarded as of Defence. The Defence India grants/funding and other startup-oriented policies and the Chief Minister, HD another feather into it golden strong startup hubs around Start up Challenge, aimed support to carry out R&D and funding programmes Kumaraswamy, has proposed startup crown. the world. at supporting innovators which has good potential for launched by the Karnataka several policies in the budget According to a report to create prototypes, future adoption for Indian government, including to support the growth of published recently by US Tech Startups Accolades commercialise products or defence and aerospace needs. Elevate100 which funded startups in all sectors including venture capital and startup Bengaluru and Delhi NCR solutions based on advanced iDEX will function as the over 100 startups.