Dear Reader, In India, the usage of Artificial Intelligence in various domains is growing at a steady pace. At present, India hosts a mere 6% of the total number of AI companies in the world. However, this sector offers tremendous opportunities for the start-ups to come up with innovative solutions especially for the banking and e-commerce sectors. In this edition we […]
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Artificial Intelligence in India
Srikant Sastri- Co-Founder, CrayonData, Singapore; Chairman, IIM Calcutta Innovation Park; Director, F.I.R.S.T, IIT Kanpur (Foundation for Innovation & Research in Science and Tech); Member, NIDHI Centre of Excellence Monitoring Committee, CSIR-NCL Venture Center; Creator, ChaloStartUp web seriesArtificial intelligence (AI) in India may have had a slow start but it is now gaining speed. Over the past couple of years, a growing number of Indian tech start-ups and MNCs have begun incorporating AI in some form or the other. In fact, a study by Analytics India reports that almost 800 companies in India claim to use AI. Most of these companies belong to the banking or e-commerce sectors and offer AI-based products/services to traditional enterprises looking for digital transformation or smart online shopping portals.
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Krishworks Technology and Research Labs
Balagopal K.V- FounderAt Krishworks, we help rural entrepreneurs to set up their own after-school centres to teach the English language to village kids through a simple tablet-based solution. Rural parents have no convenient and affordable options to teach their children communication in English. In these remote areas, tuition teachers are usually sub-standard but charge exorbitant fees without even assuring the desired outcome. Here, online/digital- only solutions are particularly ineffective because of the nature of ‘English’ as a subject and the inadequate knowledge required for using technology. So, Krishworks decided to fulfil the need to have an affordable, high quality solution which gives the children the best of both worlds, that is, guidance of a teacher and digital content.
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Vishalya Foods and Farms Pvt Ltd
Prateek Sharma- FounderVishalya is a Farm-to-Fork initiative dealing in organically grown vegetables, grains, spices and locally processed foods in Bhopal, Madhya Pradesh. We have partnered with farmers where they grow the crops maintaining variety, quantity and continuity. Vishalya Foods aggregate the produce and supply it directly to the end consumers. We buy 100% of the produce grown by the farmers and pay them market linked prices thereby making them part of the value chain.
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The ‘Training of Trainers on Entrepreneurship Development’ workshop for 15 delegates from Mizoram took place at the IIMC Campus from 14th – 17th February 2019. The participants were sensitized about structuring a business model canvas.
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