Saturday, Apr 20 2024 | Time 17:04 Hrs(IST)
image
Business EconomyPosted at: Feb 20 2018 3:14PM


Amrita Vishwa Vidyapeetham to invest USD 200,000 in three start-ups

Bengaluru, Feb 20 ( UNI) Amrita Vishwa Vidyapeetham has announced an investment intention of US Dollar 200,000 in three startups which had emerged winners of the PitchFest2018 organised by its Technology Business Incubator.

The startups Yellow Messenger, Linksmart DNA, and Bookmydiamond.com would receive the amount as seed investment.
While Yellow Messenger is a conversational Artificial Intelligence platform for enterprises to automate and orchestrate intelligent conversations with customers across channels: web, app, Alexa, Google Assistant, IVR, email, Facebook Messenger, and Twitter, Linksmart DNA is an IP-oriented mass market vertical start-up that secures products and packages from counterfeiting, tampering, re-fill, and warranty fraud.
The third startup Bookmydiamond.com is a technology platform that helps jewelry retailers to search a live inventory of loose, certified diamonds, and buy them.
According to Dr Krishnashree Achuthan, CEO of Amrita Vishwa Vidyapeetham's Technology Business Incubator (TBI) : “This year, Amrita TBI focused on selecting start-ups that have successfully combined innovative technologies with a high impact on India’s development. We are delighted to see start-ups coming up with ‘green solutions’ with a global appeal.”
Snehal Shetty, COO of Amrita Vishwa Vidyapeetham's TBI, said: “The overwhelming response to this year’s Amrita TBI Pitchfest, especially the increase in the number and the quality of the start-ups, is very encouraging. This shows that the government’s efforts to make entrepreneurship a mainstream career choice is gaining traction.”
More than 800 start-ups from 22 States in India participated in the competition and showcased their ideas to potential investors and get incubation space at Amrita TBI. The sixth edition of the PitchFest this year was supported by Niti Aayog, Department of Science & Technology, Government of India; Indian Angel Network; Freshers World, and SAP Startup Studio.
Saukhyam Pads: A producer of cost-effective and eco-friendly reusable sanitary pads made from banana fibre and Banashree: A start-up that develops advanced datapath architectures to reduce power consumption and lower costs for datapath-intensive Integrated Circuits (ICs) based on standard cell and custom IC design flows had won special mention awards.
UNI CNR MSP CS 1510
Please log in to get detailed story.
Tags: #Amrita Vishwa Vidyapeetham to invest USD 200#000 in three start-ups
More News
ICICI Bank strengthens support for senior citizens in Bengal

ICICI Bank strengthens support for senior citizens in Bengal

20 Apr 2024 | 1:29 PM

Kolkata, April 20 (UNI) The ICICI Bank has announced a range of initiatives to make banking more convenient to its senior citizen customers in West Bengal.

see more..

IREDA nets all-time high at Rs 1,252 23 cr in FY24

19 Apr 2024 | 8:38 PM

New Delhi, April 19 (UNI) Indian Renewable Energy Development Agency Ltd. (IREDA), the nation's largest pure-play green financing NBFC, Friday announced an all-time high net profit of Rs. 1,252.23 crore in 2023-24, a 44.83 per cent jump over the previous fiscal year 2022-23.

see more..

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..
image