India's start-ups' witness 108% growth in 2018

Mon, 2019-01-14 17:33 -- SCC India Staff

startup

According National Association of Software and Services Companies (NASSCOM), the start-ups in India witnessed a 108% growth in total funding from $2 billion in 2017 to $4.2 billion in 2018. During the year, more than 1,200 startups came up, including eight unicorns, taking the total numbers to 7,200. What’s more, these companies have created direct employment opportunities for 40,000, while providing 120,000 opportunities for indirect employment. According to NASSCOM, the key growth drivers were fintech, healthcare, and edtech. Data analytics, artificial intelligence, and IoT start-ups have been witnessing fastest adoption across the spectrum. That said, there was 120% funding growth for AI with $150 million investment during the year 2018.

Innovation Hub Awards
The Smart Cities Council India, part of the global consortium of smart cities, is organising 6th ‘Smart City Summit - SM@RT Urbanation’ at Hotel Shangri-La Bengaluru from February 13-14, 2019 to commemorate three years of the initiation of Smart Cities Mission. That said, spotlighting innovation and entrepreneurship, SM@RT Urbanation is organizing a Start-up Innovation Hub!

SM@RT Urbanation, through this platform is providing opportunities for start-ups and technology leaders to showcase their innovative technology, apps and smart solutions that will drive execution of smart cities in the coming years. The main aim of Start-up Innovation Hub is to convert urban challenges into opportunities. This award is meant for those Start-ups who have created the most innovative solutions for cities. Our eminent jury members will thoroughly vet the start-ups projects, to find the top 3 winners.

Our jury will be choosing the 25 most innovative solution providers to give a 15-minute presentation at the Innovation Hub Theatre from the pool of Innovation Hub applicants, on 13-14, 2019 in Bengaluru.

Meanwhile, the summit will see participation from across the globe with more than 1,500 delegates, over 80 international visitors, 20 innovation hub speakers, 60 city officials, 100 exhibitors and start-ups. More than 50 eminent speakers will debate and deliberate on the various opportunities and pertinent solutions with regards to smart cities. The theme of the summit is “Project management and sustainability”.

The summit has received wholeheartedly support from the Government of Karnataka as a host state. Testimony to this will be the presence of HD Kumaraswamy, Chief Minister, Karnataka; G Parameshwara, Deputy Chief Minister, Minister of Bengaluru Development & Town Planning, Karnataka; UT Abdul Khader, Minister for Urban Development, Karnataka; TM Vijay Bhaskar, Chief Secretary, Government of Karnataka; and AB Ibrahim, Managing Director, Karnataka Urban Infrastructure Development and Finance Corporation.

So, what you waiting for? If you have any innovative solutions for Smart Cities, this is the platform to get noticed!