Month: January 2017

Nvidia launches Indian virtual incubator for AI

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).

Tata Motors plans Innovation Centres globally

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.

$1.5bn fintech fund launched by Chinese state-owned firms

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.

Johnson & Johnson and HAX, a hardware accelerator support India’s Ray IoT

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.

Mitsubishi UFJ plans fintech innovation lab in Tokyo & Silicon Valley

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.

Myntra is reviving its 2-yr old Fashion Incubator

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.

Changi Airport, EDB launch S$50m ‘Living Lab’ to develop tech for airport operations

Singapore: Changi Airport is testing sensors at its taxi stands to track the number of people in the queue and determine the estimated waiting time.

Lodha Group launches fund(~S$10M) for real estate tech ventures

India: Real estate developer Lodha Group has launched its maiden investment fund for startups focussing on smart city solutions and the overall realty sector.