Bengaluru to get Israeli innovation centre

DHNS
October 11, 2018

Bengaluru, Oct 11: India’s technology hub, Bengaluru, which is home to a large number of multinational research and development centres and startup hubs, will soon be home to yet another mega innovation facility from Israel.

Israel will set up an India-Israeli Innovation Centre (IIIC), the first startup incubation facility in India. This facility by Israel will be only its fourth in the world after the US, the UK and China. 

The facility, spread across 10,000 square feet, will be set up in the central business district and will be operated by startup hub MESH (Modiin Entrepreneurs’ Startup Hub).

Interacting with DH, MESH founder and CEO Moshe Porat said the startup incubator in Benglauru is a step towards achieving greater synergy between Indian and Israeli startup companies.

“We have many startup companies in India, especially in Bengaluru, involved in deep technology and they are looking at leveraging by aligning with global startups and incubation centres. We expect by starting MESH in Bengaluru, we can bring synergy in this endeavour,” he said.

Porat added that the India-Israeli Innovation Centre will give access to Israeli investors and frontier tech talent.

He said the incubation centre will be ready by mid-December and two more will be opened soon. “We are aligning our gameplan around government initiatives like Startup India and Digital India. Israel has also identified six cities for starting these kind of incubation centres,” he said.

Each incubation centre will have around Rs 2 crore investment. MESH is a startup hub started in 2014 and is located in Israeli municipality of Modiin.

Varadarajan Krish, who will head the incubation centres in India, said it will bring on board both Israeli and Indian educational institutions for collaboration and co-research.

“Israel’s Technion, Ben-Gurian and Tel Aviv Universities will join hands with IITs and IIIT in India. Also, it will team up with NITI Aayog and Atal Innovation Mission.

Federation of Indo-Israeli Chambers of Commerce vice chairman David Keynan said the innovation centre is one more move to connect the tech industry in both countries. “Porat is a long-time industry veteran in Israel, and his abilities will contribute to the centre’s success,” said Keynan.

Comments

Unknown
 - 
Thursday, 11 Oct 2018

How lower class people will be benefitted with this project..? Govt, NGO, MNC not doing anything to poor people rather than taking land from them

Suresh
 - 
Thursday, 11 Oct 2018

Wow. such a great news

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News Network
April 13,2020

Mangaluru, Apr 13: City Commissioner of police P S Harsha on Monday warned people, not to use drones illegally for filming or any other purposes.

Speaking with this regard Harsha said on Monday ,''“We have noticed that persons are illegally using drones to film Mangaluru city. If this continues, we will not only seize the drone but will also take firm legal action against the person responsible. Because Mangaluru is a sensitive place with lots of vital installations.''

He further requested the media houses also not to hire drone services for filming or any other purposes.

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News Network
January 30,2020

Bengaluru, Jan 30: Karnataka Chief Minister B S Yediyurappa, who reached the national capital on Thursday, said he will discuss the much-awaited Ministry expansion with the BJP high command.

"It's been long that I visited Delhi. I will meet the party national president J P Nadda and Home Minister Amit Shah and take their suggestions on the cabinet expansion," Yediyurappa told reporters.

The chief minister said he will also call on Finance Minister Nirmala Sitharaman and Petroleum Minister Dharmendra Pradhan and discuss about development issues related to Karnataka.

Yediyurappa has been anxiously waiting for the high command's nod to expand his ministry amid intense lobbying by the aspirants.

Opposition parties have been critical of the BJP and Yediyurappa over the delay in cabinet expansion, alleging that he was weak and that the administration had collapsed.

As the chief minister has already made it clear that 11 of the disqualified JDS-Congress MLAs who got re-elected in the bypolls on BJP tickets will be made ministers, lobbying has been on in the party for the remaining ministerial berths.

Currently, there are 18 Ministers, including the chief minister in the cabinet that has a sanctioned strength of 34. Sixteen berths are vacant.

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News Network
May 11,2020

May 11: The Karnataka government appears set to roll out red carpet welcome to foreign companies seeking to move out of China.

The State's Large and Medium Scale Industries Minister Jagadish Shettar said the Government plans to constitute a task force, under the Chairmanship of the Chief Secretary T M Vijay Bhaskar, to spearhead the drive to attract such investment. A proposal to this effect has been sent to the Chief Minister B S Yediyurappa for approval, the Minister told PTI in an interview.

This panel would take feedback and suggestions from a consultative committee to be formed with prominent industrialists from the State and representatives of various countries located here, Shettar said.

In recent days, the Minister held consultations with industrialists such as co-founder and Non-Executive Chairman of Infosys Ltd, Nandan M Nilekani, Executive Chairperson of Biocon Ltd, Kiran Mazumdar-Shaw and Chairman of early-stage startup accelerator and venture fund Axilor Ventures Senapathy (Kris) Gopalakrishnan to fine-tune the States outreach push.

Shettar also held interactions with industry bodies, including Confederation of Indian Industry (CII), the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), Bangalore Chamber of Industry and Commerce (BCIC) and Karnataka Small Scale Industries Association (KASSIA).

Industrialists who took part in the deliberations suggested to the government to focus on ease of doing business and improving the single window clearance system for approvals, as the Minister spelt out government's intent of further improving the investment climate to attract industries to Karnataka.

To boost the industry sentiment in the State, they also stressed the need on easing land acquisition regulations, and leveraging the knowledge base of Bengaluru to promote technology-based manufacturing.

"Given the interest shown by some companies in moving their manufacturing bases out of China, the industry leaders recommended that the State government identify a target list of 100 firms to reach out to for attracting to the State, and work out a strategy to bring them to Karnataka," an Industry department official said.

The industry leaders assured cooperation from the private sector in reaching out to and facilitating interactions with CEOs of these companies.

Shettar said restrictions on acquisition of agriculture land for starting industries have now been relaxed with the passage of an amendment to the land reforms act in the recent Legislature session.

This would facilitate immediate land allotment to industries, he added.

The Minister has also submitted a proposal to the Chief Minister on relaxing labour laws.

Secretary General of industry body ASSOCHAM, Deepak Sood, told news agency recently that there is a broader consensus that the global manufacturing supply chain would be more spread than concentrated in major economies like China.

"If India comes out of the present crisis with minimum of impact, we can be the destination of choice for the global manufacturing giants in different sectors like electronics, computer hardware, pharmaceuticals, including medical devices, automobile, including components and other engineering products," Sood had said.

Gopalakrishnan, also co-founder of Infosys and former CII President, said India has to target companies which have operations in China, reach out to them, understand what their needs are and hold discussions with them.

"We have to make sure that their requirements are addressed, be it with regard to land, office space, faster approvals, and some concessions on local taxes. It depends on the businesses that the companies are in, and if we are able to respond to those requests, I think we will be able to attract them", he told news agency.

"All states will compete for this business (foreign investment)," Gopalakrishnan added.

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