Companies & Sectors
11 start-ups graduate from GenNext Hub
Chennai : Eleven technology start-ups graduated from the GenNext Hub, the Mumbai based start-up accelerator, an initiative of Reliance Industries Ltd. and powered by Microsoft Ventures, a joint statement said on Friday.
 
The GenNext Hub is now accepting applications for third batch, which will start in April 2016.
 
The GenNext Hub initiative is an extension of what Reliance Industries chairman Mukesh Ambani is often heard saying: "The idea is to find the next Reliance."
 
According to the statement, the initiative is to catalyse the startup ecosystem for a digital India.
 
The event held in Reliance Corporate Park, Navi Mumbai, saw the start-ups showcase their businesses to more than 150 investors, influencers, corporate customers and leaders.
 
The GenNext Hub enables entrepreneurs to build their companies through an immersive, four-month-long programme.
 
"At GenNext Hub we are catalyzing a unique startup ecosystem, which rests on the tripod of talent, technology and trust. We spot and encourage 'talent', help them harness their 'technology' and back them up by putting total 'trust' in them," GenNext chairman and a board member in Reliance Industries Raghunath A. Mashelkar was quoted as saying in the statement.
 
"We are supporting several of our startups from the second batch with strategic partnerships that will help them scale-up rapidly," Mashelkar said.
 
"We have seen some amazing innovation in the two batches that have graduated thus far from GenNext. Some of these have already made a mark in the ecosystem and have even become business partners for Reliance and Microsoft and we hope this trend will continue," Bhaskar Pramanik, chairman, Microsoft India, was quoted as saying in the statement.
 
During the four-month programme, the start-ups were mentored on customer development, business models, operational planning, product roadmap, market traction, fund raising and pitching.
 
The workshops cut across B2B and B2C businesses in diverse sectors such as sports, energy, hospitality, advertising, fitness, financial services, logistics, healthcare, payments and enterprise software.
 
Domain expertise was provided in intellectual property, product development, online promotions, advertising, public relations, financial modeling, communication and pitching.
 
Going forward, GenNext Hub will focus on helping companies scale-up with its "Scalearator" model and evolve from a "Minimum Viable Product" to a "Minimum Viable Company".
 
According to the statement GenNext Hub is now accepting applications for third batch, which will start in April 2016.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Secure mobile phones soon for soldiers: Minister
New Delhi : The government will soon provide secure mobile phones to soldiers along the international borders and in Naxal affected areas, Minister of State for Home Affairs Haribhai Parthibhai Chaudhary said here on Friday.
 
"You would be surprised to know that even today our soldiers do not have a mobile phone, as such on a short-term period basis, we are planning to provide mobile phones to army personnel in the border areas and Naxal affected zones so that they can keep in touch with their family via 3G mobile connection," said Chaudhary.
 
He was inaugurating the '8th International Security Summit', organised by The Associated Chambers of Commerce and Industry of India (Assocham).
 
"The mobile phone would not be intercepted as we would be having the telephone exchange with us that can be carried by the battalion wherever it goes," the minister said.
 
"I had recently met a delegation of US-based company that claimed to provide us with telephone exchange in a box and instantly start over 1,000 secure mobile phone connections specifically for army personnel," he added.
 
The minister further informed that he had recently met another delegation of a US-based company providing blood testing equipment that could process blood samples in just a few minutes thereby saving invaluable time of the army personnel.
 
Regarding lack of a proper law aimed at cybercrime prevention in the country, Chaudhary said: "We have started a judicial process to transform the law in accordance with the technological advancement."
 
"We are fully prepared to thwart all types of security challenges. For cybercrime, we have constituted a high level committee of IT experts headed by Home Minister Rajnath Singh," he said.
 
"Besides,we have also constituted a committee to combat the hackers," the minister added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Railways launch online 'clean my coach' service
New Delhi : Railway Minister Suresh Prabhu on Friday launched an online "clean my coach" service that allows travellers to get their compartments cleaned by sending an SMS or by using an app or a designated website.
 
"As per the scheme, for any cleaning requirement in the coach, passengers have to send an SMS on a mobile number 58888," a statement issued by the ministry said. "Alternatively, passengers can use the android app or Web page www.cleanmycoach.com for logging the request."
 
Following this, a passenger's request is immediately acknowledged via SMS on mobile phone along with a code. "This service empowers the citizen to get an important service on board and is in line with the objectives of the 'Digital India' programme."
 
Prabhu had announced this scheme in the rail budget for the next fiscal.
 
"Taking forward the momentum on ‘Swachh Rail, Swachh Bharat’, we intend taking a string of measures to improve the cleanliness on stations and trains," he said, adding a pan-India "clean my coach" scheme will be among such steps.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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