Bengaluru, April 18, 2017: Nasscom will hold its fourth edition of 10,000 Start-ups initiative — “Innotrek 2017” in the Silicon Valley of the US from May 1-6, said the Indian IT industry’s apex body on Tuesday.
“As we want our start-ups to grow and compete with those in the Silicon Valley, the six-day mega event will provide them a platform to step it up a notch and get recognised internationally,” said National Association of Software Services and Companies (Nasscom) President R. Chandrashekhar in a statement here.
NewsGrambrings to you latest new stories in India.
In all, 27 Indian start-ups and five of the Silicon Valley will showcase their products and technologies, while 70 speakers from the world over will address 150 delegates at the week-long event.
Andhra Pradesh Chief Minister N. Chandrababu Naidu, Department of Industrial Policy and Promotion Secretary Ramesh Abhishek, Electronics & IT Secretary Aruna Sundararajan, Nasscom Product Council Chairman Ravi Gururaj and Chandrashekhar will lead the delegation of entrepreneurs for the tech expo.
“The Innotrek programme will provide our start-ups an opportunity to benefit and improve their products and services and grow in their domains,” Nasscom member Ashok Madravally, who leads this initiative, said in the statement.
The Innotrekkers will visit campuses of Google, LinkedIn, Microsoft, IBM, and Target in the Valley during the event. They will also have an opportunity to showcase their cutting-edge, future ready innovations to various stakeholders.
“The networking activities and site visits will help our entrepreneurs to get a better understanding of the global work culture and exchange views on building a constructive work environment for their own ventures,” added Chandrashekhar in the statement. (IANS)
On Mahalaya, people throng to the holy river Ganges in order to pay homage to their ancestors and forefathers; which is called ‘Torpon’
Mahalaya remains incomplete without the magical chanting of the scriptural verses from the ‘Chandi Kavya’ that is broadcasted in All India Radio
The magic is induced by the popular Birendra Krishna Bhadra whose voice makes the recitation of the “Chandi Kavya” even more magnificent
Sept 19, 2017: Autumn is the season of the year that sees the Hindus, all geared up to celebrate some of the biggest festivals of India. The festive spirit in the Bengalis all enthused to prepare for the greatest of the festivals, the ‘Durga Puja’.
Mahalaya is the auspicious occasion that marks the beginning of “Devipaksha” and the ending of “Pitripaksha,” and this year it is celebrated on September 19.
Observed exactly a week before the ‘Durga Puja’, Mahalaya is the harbinger of the arrival of Goddess Durga. It is celebrated to invoke the goddess possessing supreme power! The goddess is invited to descend on earth and she is welcomed with devotional songs and holy chants of mantras. On this day, the eye is drawn in the idols of the Goddess by the artisans marking the initiation of “Devipaksha”. Mahalaya arrives and the countdown to the Durga Puja begins!
NewsGram brings to you latest new stories in India.
The day of Mahalaya bears supreme significance to the Bengalis. The day is immensely important because on this day people throng to the holy river Ganges in order to pay homage to their ancestors and forefathers. Clad in white dhotis, people offer prayers and take dips in the river while praying for their demised dear ones. The ritual is popular as “Torpon”.
As per Hindu myth, on “Devipaksha”, the Gods and the Goddesses began their preparations to celebrate “Mahamaya” or Goddess Durga, who was brought upon by the trinity- Brahma, Vishnu, and Maheshwara; to annihilate the fierce demon king named Mahishasura. The captivating story of the Goddess defeating the demon got popularized with the goddess being revered as “Durgatinashini” or the one who banishes all the evils and miseries of the world. The victory of the Goddess is celebrated as ‘Durga Puja’.
Go to NewsGram and check out news related to political current issues.
Mahalaya remains incomplete without the magical chanting of the scriptural verses from the ‘Chandi Kavya’ that is broadcasted at dawn in All India Radio in the form of a marvelous audio montage enthralling the souls of the Bengalis. Presented with wonderful devotional music, acoustic drama, and classical songs- the program is also translated to Hindi and played for the whole pan-Indian listeners.
The program is inseparable from Mahalaya and has been going on for over six decades till date. The magic is induced by the popular Birendra Krishna Bhadra whose voice makes the recitation of the “Chandi Kavya” even more magnificent! He has been a legend and the dawn of Mahalaya turns insipid without the reverberating and enchanting voice of the legendary man.
Mahalaya will keep spreading the magic and setting the vigor of the greatest festival of the Bengalis- the Durga Puja, to worship the supreme Goddess, eternally.
Indians have contributed to growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators
There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google)
Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996
New Delhi, August 21, 2017: Indians are facing accusations from Americans that they are snatching away American jobs, but it’s not the case. There is an Indian- American venture capital firm called Inventus Capital Partners which is trying to throw some light on the contributions Indians have made in the growth of Silicon Valley.
Indians are stereotypically viewed as a source of cheap labor in US Technology Industry but they are much more than that. Case in point is over the last 10-20 years, Indians have contributed to the growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators instead of being just job seekers.
As per a report from July, Director of Inventus Capital Partners- Manu Rekhi, the company operates from Bengaluru and San Mateo, California, he observed how Indians have left a mark in the American entrepreneurial space.
There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google). But these success stories were due to decades of hard work.
In the early 1980’s, arrived in the US the first generation of Indian entrepreneurs. According to Quartz report, Manu Rekhi said, “Among these legends was Kanwal Rekhi (my partner) along with Vinod Khosla, Naren Gupta, Prabhu Goel, Suhas Patil, and many others, who went on to finding notable companies like Sun Microsystems (acquired by Oracle), Excelan, and Cirrus Logic.”
When the early entrepreneurs moved to America global exposure was very limited and also their understanding of consumer behavior of the people in the US was also limited. That is the reason they founded engineering- heavy systems and networking companies instead of going for consumer facing ones.
Slowly, with time more Indian tried their hands at launching new ventures and also US doors opened for foreign students, thus Indian entrepreneurs turned their focus from enterprise to consumer- oriented companies. One prime example of this is Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996. Sabeer Bhatia is a BITS Pilani graduate, did masters from Stanford University and has worked for Apple before launching his maiden email service.
The 1990s was also the year in which the Indian-origin leaders were also mentors in the Silicon Valley. Case in point is BV Jagadeesh who is a Serial Entrepreneur and Venture Capitalist. Jagdeesh helped to raise the seed money for Netscaler, a San Jose based company. He later went on to become its President and also CEO by the year 2000. Currently, Jagadeesh is a managing partner at KAAJ Ventures, it makes early stage investments in startups, and he is also an adjunct professor at Santa Clara University, takes classes on early-stage startups and valuation. Ram Shriram is a Venture Capitalist, a founding board member and is one of the first investors in Google. His stake in the company was $ 1.3 billion in the mid-2000, he also mentors budding startups.
Rekhi said that later companies of Indian entrepreneurs shifted towards technologies which were more advanced.For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.
For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion-dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.
Indians are less than 1% in the total US population, but still by 2012 they founded 8% of all the American tech & engineering startups. The group has started one-third of the immigrant-founded startups in the US. The firms which they have founded also provide great acquisition opportunities and also made high-value public debuts, Rekhi said, mentions Quartz report.
The first Indian-American founder led company- Nasdaq IPO (Initial Public Offering) opened its doors in 1987 with Excelan going public, but the pickup in big-value exists came only in recent times.
In the last 5 years, the software and services sector, which has 17 companies, tops the list of IPOs owned by Indian founders and co-founders and has a combined market Capital of amount $26.2 billion. The second in the list were Pharmaceuticals, biotechnology, and life sciences in terms of the number of IPOs (six). But, the retail industry saw a much larger market Capital of as much as $6.67 billion, in comparison to Pharmaceuticals, it was $397 million. 10 of these 34 companies that make approximately 29% were acquired following their stock-market debut.
According to Quartz report, Rekhi said: “Even before the turn of the millennium, companies like IBM and Intel had been making acquisitions, but mostly of outsourcing services companies where you’re basically buying manpower.”
But between 2012 and 2017, more than 25 companies by Indian-origin entrepreneurs saw mergers and acquisitions worth- $500 million and more, Rekhi found.
Rekhi noted, “Topping that list is Western Digital’s acquisition of SanDisk, worth a whopping $19 billion, followed by several acquisitions from Cisco, HPE, and SAP.”
Today, 14 of the 261 unicorns are headed by Indian-origin founders (private companies valued at over $1 billion) in the US. These 14 startups, when taken together have a combined value of $35.17 billion and funding of $81.8 billion, with the IT industry taking the lead, according to Rekhi.
NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt. Click here- www.newsgram.com/donate
They want to help their country with a mobile phone application to address poverty
We want to increase employment for Cambodians
In Cambodia, just 14 percent of students in information technology were women
Mountain View (California), August 19, 2017:A group of Cambodian girls who recently traveled to California to compete in a mobile app competition offered inspiration for other girls worldwide to consider careers in technology.
Their pitch in Silicon Valley wasn’t a bid to be the next billion-dollar company. Instead, they want to help their country with a mobile phone application to address poverty.
“Let’s fight poverty by using our app. Don’t find customers for your product, find products for your customers,” said Lorn Dara Soucheng, 12, who led the team that created the app, Cambodian Identity Product.
“We want to increase employment for Cambodians, so there will be a reduction of Cambodian migrants to work in other countries, reducing poverty through making income and providing charity to local Cambodians,” Chea Sopheata, 11, told the judges at Google’s headquarters. Google was one of the program’s sponsors.
To participate in the Aug. 7-11 Technovation global competition, girls around the world had to build a mobile app — and a business plan — that addressed a U.N. development goal. The Cambodian girls picked poverty.
While globalization has boosted the economic growth of Cambodia, especially its tourism industry, it has also created greater economic inequality and competition. The girls think their app can help.
“We want to promote our culture to people from all over the world,” said Lorn Dara Soucheng.
At their young age, no one expects these girls to be able to solve their country’s most pressing issues quite yet. But their presence here highlighted another issue: girls in tech fields.
In the U.S. and worldwide, the number of women in STEM fields (science, technology, engineering, and math) remains low and has even dropped.
In Cambodia, just 14 percent of students in information technology were women as of 2010. It’s a situation some attribute to a lack of equal access to education and a lack of female role models.
It’s hoped that programs like Technovation can reverse that trend.
“For the first time in history, technology can really help girls have a strong voice and help us have a society that has equality,” said Tara Chklovski, founder, and CEO of Iridescent, the nonprofit organization behind Technovation.
These young Cambodian girls have proved how far they can go with technology. Most come from underprivileged backgrounds but had support from teachers, mentors, and family.
Cambodian American Pauline Seng, a program manager at Google, said the young coders have become role models for many other Cambodians, including herself. She didn’t get into technology until she was 23.
“There’s going to be so many people who aspire to reach this stage and also inspire other people to get involved in technology,” she said.
Although the Cambodian girls did not win the grand prize, which went to a team from Hong Kong, they were proud to have made it to Google and Silicon Valley.
After watching the male CEO of Google, Sundar Pichai, speaking at the closing ceremony, the girls said they believed the tech giant would one day have a female leader.
“Yes!” they said, in unison.
Whether that will come true or not, they have themselves already become the youngest role models to inspire others, one girl at a time. (VOA)