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Travel ban by Donald Trump will be boon for Tech Recruitment in country, say Indian-origin tech leaders in Canada

The duo is part of the Canadian technology community that has written to Prime Minister Justin Trudeau urging him to provide visas to those caught by Trump's executive orders

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USA Visa, Pixabay

Toronto, Feb 12, 2017: Indian-origin tech leaders in Canada say the controversial visa and travel restrictions imposed by US President Donald Trump will be a boon for tech recruitment and investment in Canada.

“This provides a great opportunity for the best talent from India to come, live and work in Canada,” said Shafin Diamond Tejani, the CEO of Fantasy 360, a Vancouver-based global leader in creating immersive experiences and games using Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR).

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“We are already getting inquiries from Indian techies, both in India and in the United States, about relocating to Vancouver,” said Tejani, whose family is originally from Gujarat.

Together with his partner Ray Walia, another NRI in Vancouver who runs the not-for-profit tech incubator Launch Academy, Tejani is working on streamlined avenues to attract top tech talent from India.

The duo is part of the Canadian technology community that has written to Prime Minister Justin Trudeau urging him to provide visas to those caught by Trump’s executive orders.

“In choosing to hire, train, and mentor the best people in the world, we can build global companies that grow our economy,” said the letter adding, “By embracing diversity, we can drive innovation to benefit the world.”

Tejani and his associates have a target of bringing a dozen Indian startups with a focus on VR/AR/MR to British Columbia, which also has a shortage of programmers and other skilled IT professionals.

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“We are confident we will be able to this,” said Tejani, whose companies have launched over 40 startups in 21 different countries, employing over 350 people and generating over $100 million in annual revenues.

For Ray Walia, who co-founded Launch Academy in 2012 to become Vancouver’s top startup-incubator, the situation in the US has prompted his group to set up specialised services for Indian techies looking to relocate to Canada.

Walia has developed a programme at Launch Academy that leverages the Canadian Startup Visa Program. The programme helps international startups relocate their head offices to Canada and within six months grant Permanent Residency in Canada for up to five key members of a startup and their family members.

“The Launch Academy Startup Visa Program allows Indians to have the best of both worlds and build their businesses from Canada and continue to not only service the Indian market but also to continue to grow domestic operations in India as well.”

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Analysts predict that India’s IT outsourcing industry, worth around $108 billion and employing some four million people, will start looking elsewhere if the American restrictions are enacted.

Three bills have been introduced in the US Congress seeking to revamp the H-1B visa programme, which India’s IT sector uses to send thousands of highly-skilled workers to America every year. (IANS)

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Microsoft Ready to Help Indian Startups, Says President Anant Maheshwari

Microsoft is focused as much on selling third party solutions as their own, and this co-sell motion has helped generate $8 billion in revenue for partners within 18 months

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FILE - Microsoft Corp. signage is seen outside the Microsoft Visitor Center in Redmond, Washington, July 3, 2014. VOA

Armed with a cutting-edge technology platform, a well-established partner organisation and an expansion of M12 venture fund, Microsoft is ready to help Indian startups across the spectrum embrace the next phase of growth, Anant Maheshwari, President, Microsoft India, said here on Monday.

India, which saw a tremendous growth in the startup space in the last couple of years, is now witnessing a growth in the business-to-business (B2B) tech startups coming up with innovative ideas to deal with local problems.

“With our intelligent tech expertise, deep focus on trust and unique global go to market partnering, we empower unicorns and startups to scale sustainably at a global level,” said Maheshwari.

“We remain excited about India’s entrepreneurial startup potential and will continue to accelerate it as a growth engine for the economy,” he added.

India witnessed a dramatic rise of eight unicorns in 2018 from among the start-ups across verticals as against a mere nine in six years from 2011 till 2017, according to IT industry apex body Nasscom.

The start-ups joining the select club for their valuation over $1 billion are Oyo Rooms (hospitality), Zomato and Swiggy (food delivery), Udaan (retailer marketplace), Byju’s, (edu-tech), Paytm Mall (e-tail), Freshworks (software programmer) and Policybazaar (digital insurance).

Maheshwari said Microsoft is uniquely positioned to support Indian startups to achieve scale and evolve from market ready to enterprise ready.

Microsoft, Taiwan AI
A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

The introduction of M12, Microsoft’s venture fund, in India in February is creating new value for startups, VCs and the company itself to maintain the pace and direction of innovation.

“M12 is looking at investing in innovators who have aligned their focus on cutting-edge technologies that better enable digital transformation. The portfolio development team at M12 is specifically built to help support and scale companies by leveraging the expansive resources of Microsoft,” said the company.

According to reports, venture capital investments in Indian tech business-to-business (B2B) start-ups have been trending upwards, with over $3.09 billion raised in equity funding across 415 deals in 2018 — 28 per cent more than $2.41 billion in 2017.

Also Read: Facebook’s Push to Become China’s WeChat May Kill it

Under the “Microsoft for Startups” initiative, startups can co-sell with Microsoft sales teams, get access to top tech VCs in the global arena and mentorship from industry veterans.

In less than 18 months, Microsoft for Startups has closed more than 120 co-sell deals with more than $126 million in active pipeline for startups.

Microsoft is focused as much on selling third party solutions as their own, and this co-sell motion has helped generate $8 billion in revenue for partners within 18 months. (IANS)