India: American technology major Nvidia has launched the Nvidia Inception programme in India, in recognition of the country’s budding innovation ecosystem in Artificial Intelligence (AI).
India: Tata Motors is betting big on emerging mobility solutions and mulling setting up innovation centres globally to be “future ready” while having a more formal presence across the world, as it aims to be among the top three passenger vehicle makers in India by 2019.
China: Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.5 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry.
India: Ray IoT, a developer of non-contact baby monitoring technology solutions, has received support from American multinational Johnson & Johnson (J&J) and HAX, a hardware accelerator, as part of the Joint Consumer Health Device Accelerator Program.
Japan: Mitsubishi UFJ Financial Group Inc. has set up a innovation lab to research and develop new financial technologies, the first of its kind for a major Japanese bank, people with knowledge of the matter said.
India: Myntra, the country’s largest fashion ecommerce company, is reviving an incubation programme aimed at providing 10 small brands with technical, design and financial support, targeting about $500 million worth of business from them in the next five years.