Archive: March 4, 2023

One third callers of a national helpline battle anxiety, depression, and suicidal thoughts

Bangalore,  March 2023: A leading mental health organization says that in the last 18 months (August 2021 to January 2023), at least one-third of people, who reached out to them for counseling told them that they have been battling anxiety, depression, and suicidal thoughts, and sought upfront psychological support to combat the crisis. The Cyrus and Priya Vandrevala Foundation, which provides free mental health counselling adds that in the past three months (November 2021 to January 2023), such conversations have touched nearly 40 percent.

After 14 years of supporting those who need mental and emotional counseling, the foundation has facilitated 1 million+ counseling conversations to date. The only emergency 24 x 7 x 365 days available WhatsApp mental health support in India, Vandrevala Foundation’s helpline is accessible in English and 10 vernacular languages (Hindi, English, Marathi, Gujarati, Bengali, Tamil, Kannada, Telugu, Malayalam, Punjabi, and Urdu) free of cost to offer free psychological counseling to anyone who is experiencing distress due to depression, trauma, mood disorders, chronic illness amongst many other mental health issues.

“One-third of people who reached out to us told us that they struggled with mental illness, anxiety, depression, and suicidal thoughts. Suicide killed more people in India than murders and coronavirus in 2022. Even if every medical student in the country today became a psychiatrist, we do not have enough people to solve the mental health crisis” said philanthropist Priya Hiranandani-Vandrevala, who leads the foundation.

A NIMHANS study in October 2022, reported that 150 million Indians may be in need of mental health care services. The 2022 National Crime Records Bureau (NCRB) data on suicidal deaths in India said that 1,64,033 suicides were reported in the country in 2021. It was an increase of 7.2 percent in comparison to 2020.[1]

India in 2021 recorded 12 suicides per lakh of the population. Maharashtra, followed by Tamil Nadu, MP, West Bengal, and Karnataka reported the highest incidents of suicide in India, an indication that mental health crisis among the population of these states is a high cause of concern and can be attributed to multiple reasons.

“The data from Foundation suggest that 81% of the people seeking counseling on issues concerning mental health have come from Maharashtra 17.3%, Uttar Pradesh 9.5% , Karnataka 8.3%, Delhi 8 %, Tamil Nadu 6.2%, Gujarat 5.8%, West Bengal 5.4%, Kerala 5,3%, Telangana 4%, Madhya Pradesh 3.8%, Rajasthan 3.6% and Haryana 3.6%. This reflects our efforts on creating awareness of our free helpline in these regions. This data also guides us to scale our efforts and fund appropriate initiatives in low awareness states.” Priya Hiranandani-Vandrevala said.

Another crucial finding was that the preferred mode of communication changes with age and gender. Data shows that the use of WhatsApp increases with the younger population. A telephone conversation is preferred by those over 35 years of age. This data validates that there is a need to provide crisis intervention via both WhatsApp chats and Telephonic conversations 24*7/365 days.

The usage of WhatsApp is increasing with the younger generation. The last three months of data suggest that more and more young people are using WhatsApp to get help with their mental health. 65% of people under 18, 50% of people aged 18-35, 28.3% of people aged 35-60, and 8% of people over 60 are all using WhatsApp for this purpose versus a phone call.

WhatsApp has opened communication to a different segment, who perhaps could never seek mental health support offline. Women, girls, and young men, who wanted to discuss their mental health issues without the knowledge of their family or peers found a medium to seek support with this powerful digital platform that offers privacy and confidentiality. Almost 53% of women prefer to contact the helpline using WhatsApp chat, whereas 42% of men preferred the use WhatsApp chat.

MMTC-PAMP Commemorates World Wildlife Day with Limited Edition Silver Coins

Bangalore, March  2023: MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold & silver refinery, is commemorating World Wildlife Day through its limited-edition silver coins that were created in collaboration with the World Wildlife Fund.

In order to raise awareness about wildlife conservation, the ‘Nature & Nurture’ series by MMTC-PAMP features a mother and cub together in their natural habitat. Through this association, MMTC-PAMP hopes to contribute towards stopping the degradation of the planet’s natural environment.

The coins come in 31.1 gms 999.9 purity silver and feature four iconic species- Red Pandas, Snow Leopards, Asian Elephants, and Asiatic Lions. This year World Wildlife Day will be celebrated under the theme “Partnerships for wildlife conservation” and this partnership between MMTC-PAMP and WWF is aimed at raising awareness towards building a future in which humans live in harmony with nature.

Speaking on the collaboration, Vikas Singh MD & CEO said, “Our collaboration with WWF India is a significant stride towards driving awareness around their conservation efforts. As the leading trusted brand for precious metals in the country, we are pleased to present the 999.9+ purest silver collectibles featuring India’s most iconic and endangered species, crafted to the highest standards of purity with MMTC-PAMP’s unmatched Swiss craftsmanship. These limited-edition silver collectibles are ideal for gifting. The purchase of each coin furthers a strong message that can be your contribution towards preserving nature and raising awareness towards excellent initiatives undertaken by WWF India. We are excited about this initiative and the impact beyond business this would create.”

These exclusive purest 999.9+ silver collectibles offer unmatched Swiss craftsmanship, and purity beyond compare and mark a token of togetherness, warmth, and love that a family shares. These individually serial-numbered limited-edition coins come in bespoke display packaging and remain ideal for gifting. Every coin created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9 + purity of the metal.

Each product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar weighs more than the listed weight, ensuring the highest value for investment.

Dalmia Bharat launches ‘Homemaker’ – An inspiring digital campaign celebrating International Women’s Day

Mumbai, March  2023: Dalmia Bharat Limited, the leading Indian cement company, launched a thought-provoking digital campaign called ‘Homemaker’ commemorating International Women’s Day which is on 8th March. The Indian construction and real estate sector employ around 57 million workers, out of which only 12% or 7 million are women. No more than 1.4% are engaged in technical and managerial roles as architects, civil engineers, supervisors, etc and less than 2% in leadership positions. Emphasizing the disparity and gender ratio gap in this sector, Dalmia Bharat is pioneering the initiative to encourage women across India to join the construction industry in crucial roles.

The online campaign centers around a play on the word ‘Homemaker’ and the difference between its literal and conventional meaning. Normally the word ‘Homemaker’ is associated with stay-at-home mothers or housewives. However, the campaign focuses on interpreting the word literally to mean someone who builds homes. Through this campaign, Dalmia Bharat aims to highlight the gender ratio skew in the business and wants to lead the change in perception, showcasing women as equally skilled members of this fraternity.

The digital campaign will be activated through a series of teasers, testimonials, and a short film. Tagged as Because I’m that woman who chooses to be a #homemaker, the short film showcases how women in the construction industry are building their own destinies while encountering constant stereotypes. Initially, it will seem that a woman is being portrayed as a homemaker, but there will be a twist towards the end showing her as the actual engineer, contractor, and architect of homes – the actual ‘homemaker’. Targeted at Tier I and Tier II audience, the Women’s Day campaign will aim to reach out to a larger talent pool, potential employees, and educational institutes. The campaign will run across six key digital platforms – LinkedIn, Facebook, Instagram, Twitter, YouTube, and WhatsApp till March 2023.

Commenting on the marketing campaign, a DBL spokesperson said, “Traditionally, the construction industry is a male-dominated field and only 12% of women are part of this workforce in India. It remains an uncommon choice for women professionally due to the typecast and lack of opportunities. On Women’s Day, we want to amplify our intent for the need to bring about a paradigm shift in this industry. We hope the campaign can sensitize and encourage women to explore and consider opportunities in our industry and company.”

The premier regional chamber FTCCI wants TS Government to look into some of the pain points MSMEs are facing in the state

Hyderabad, March 04, 2023: Telangana is the most progressive state.  It is investor friendly. KT Rama Rao is the ‘Brand Ambassador’ for the state.  It’s infrastructure is one of the best in the country. The TS-iPASS industrial policy is the best in the country.  The state has recorded an average Gross State Domestic Product (GSDP) growth rate of 8.6 percent, which is the third highest in the country.  The GSDP which was 5.5 lakh crore at the time of bifurcation is now 13.27 lakh crore which is three times, he added.

But, there are some pain points too, which MSMEs are facing in the state, said Mr. Anil Agarwal, President of FTCCI (The Federation of Telangana Chambers of Commerce and Industry) while interacting with media in its office in Red Hills on Friday.

Trade License fee, Industrial Property Tax, Cost of Energy,  Disbursement of Incentives, etc are some of the paint points, he stated. 

Elaborating on Trade License Fee, he said Trade License fee collected by Municipal Corporations is nothing but double taxation.  In both cases of Trade License for establishments and property tax is calculated on the basis of area.  FTCCI raised the issue with the competent authorities several times in the past but this is not addressed yet.

The highest trade license fee collected in the past used to be Rs 7000/- Since the year 2020 as per the GO No. 147 MA & UD dt 22^nd September 2020, the Trade License Fee is collected on the basis of the area (per sq ft basis). According to this, the industrial establishments are to pay a minimum rate of license fee between Rs 4/- per sqft to Rs 7/-per sft for built-up area including manufacturing blocks/QC buildings/sheds/administrative blocks, etc as per the size of the unit whether micro, small, medium or large.

The traders and business establishments are charged Rs 3 to 5 per sq ft depending on road width 30 ft, 40ft, or more than 40ft road.

The said GO was issued in September 2020 but due to the covid, it somehow was not implemented.  But, now we have been receiving notices for payment and to the astonishment of all, the sums are substantially high. For instance, a trading unit previously paying Rs 7000 is now forced to pay in lakhs of rupees. Now FTCCI requests the government to scrap the GO No. 147 issued in September 2020 and roll back it to the old system.

Many states in India don’t levy trade licenses on industrial establishments to encourage them.  Even if some states charge, they charge very nominally.  I urge the Government to look into the same and do the needful.

Speaking about the cost of energy, Anil Agarwal said, the power tariff levied on the industries in the Telangana state is one of the highest in the country.  Industrial units used to buy power from Power Exchanges through open access, which industrial units used to buy cheap power from the open market. The concept is to allow the customers to choose from a number of competitive power companies, rather than being forced to buy power from the local utility monopoly. It not only helps the industrial & commercial consumers by ensuring regular electricity supply at competitive rates but also enhances the business of power markets. But, since the year 2015, NOCs (No Objection Certificates) have not been issued to new units.  In case of those, NOCs were issued, additional surcharges imposed on purchase of power on open access is to the tune of Rs 1.38 paise per unit.

Additional Surcharge was introduced as a temporary measure to allow recovery of stranded power costs of DISCOMs.  Further, the additional surcharge is discouraging industrial units procuring power from open access.

The Proposed Additional Surcharge: H1 of FY 2022-23 was Rs 4.06/kWh

Approved Additional Surcharge: Rs 1.15/kWh

Proposed Additional Surcharge: H2 of FY 2022-23—Ra 6.81/Kwh

Approved Additional Surcharge: Rs 1.38/kwh

Proposed Additional Surcharge: H1of 2023-24—Ra 9.86/Kwh

Further, recently wheeling charges are being levied.   Another big difficulty faced is Open Access consumers in Telangana need to bear wheeling and it is collected upfront.  All other states are charging on unit basis.

Because of this, the industrial units are unable to avail of open access power to get the power at an affordable price and reduce the operational cost putting a financial burden on the units.

Net metering for solar power in the same premises is allowed up to 1 MW only. To promote Renewable energy and reduce the cost of doing business we request the Government to allow net metering up to 5MW.Further to develop solar power we request the Government to allow Wheeling of solar power for captive use or for third-party sale.

The industrial property tax increase is also very high in Gram Panchayats and the cost of running industrial units is becoming prohibitively high, particularly for MSMEs.

Industrial Incentives have not been paid since the year 2015.  Incentives to the extent of Rs 3000 crore are to be paid in arrears.  Though sufficient budget allocations are made in budgets year after year, they are not disbursed.  Even in the latest budget nearly Rs 3000 crore is allocated for the same.

The land costs MSMEs need to invest on is skyrocketing.  They are not affordable even in clusters created by the government.  The cost of land has gone up so high, it has become a very challenging task for MSMEs said Mr. Anil Agarwal

A Creative Dialogue with author Jaya Mehta and Illustrator Suruba Natalia

The World Book Fair Children’s pavilion hosted a fascinating, multi-disciplinary event by internationally acclaimed author-dancer Jaya Mehta and illustrator Suruba Natalia from Moldova. They shared with children, parents, and educators their creative journey of making the book, ‘Nritya Katha – Indian Dance stories for Children’. Published by The National Book Trust of India, the book brings alive the rich culture of different states of India, through the journey of a child discovering various Indian dance forms.

Culture curator Swati Chattopadhyay asked the author about her motivation to create a unique storybook about India’s dance forms for children. Jaya Mehta expressed that India with its rich heritage of eight classical dance forms and hundreds of regional dance forms needed a storybook that deeply connected children to Indian dance forms as a means of culture connect and personal discovery. The bigger role of classical dance, the author explained, is to connect children to the rich architecture, sculpture, crafts, costumes, paintings, and music of each state. Jaya Mehta also illustrated how these vibrant connections of dance and culture, enable children to develop powerful inter-disciplinary thinking and rich cultural pride.

Jaya Mehta shared the fascinating process of how a dance form, like Manipuri or Kathakali, was first understood through an exchange of ideas between the author and illustrator. Over the pandemic period, they shared pictures and videos of each dance form and discussed the details to develop through illustration. Suruba Natalia demonstrated the process by which an illustrator created children’s book illustrations that are rich in colors, feeling, tactile quality, and imagination. She also conducted a drawing session for children at the event, showing how they can visualize a character from a story.

The artist and illustrator insisted that the imagination of a child was their strongest faculty, in which there is a feeling of play. It is imagination and feeling richly that lead a child towards creativity and discovery. They encouraged parents to allow their children to deeply engage in an art form, like writing, painting, music, or dance, so that this superpower of imagination becomes heightened.

Children and parents at the event felt deeply inspired to pursue the path of imagination and learned much about the process of how a book takes shape between an author, illustrator, and designer. The book ‘Nritya Katha – Indian Dance stories for Children’, gave the audience a fascinating glimpse into creative processes that shape a unique book and the vast kaleidoscope depth of Indian classical dance forms.

In the past it was food security, now it is Nutrition Security, which is the order of the day: IIMR Scientist Dr Visarada

Hyderabad, March 04, 2023:The Ministry of MSME, Govt of India is helping 60 MSMEs to participate in the 3^rd Business Women Expo 2023 to be held at Hitex from March 10 to 12 for three days informed Mr. M.V. Sudhir Kumar, Asst Director, MSME-Development Institute while addressing a press conference organized on Thursday by Hitex at their office in Madhapur to give a brief about the forthcoming event. We bear their cost of participation, he added.

Speaking further Mr. Sudhir said, they help MSMEs in many ways such as credit facility, technology upgradation, infrastructure development, increase in capacity,  marketing support and it also helps them to participate in domestic as well as international exhibitions.

Further the department is helping women MSMEs with new age skills such as Trademark, Patent registration, GST, nil returns filing, cyber security, and many such new issues and subjects MSMEs are confronted with, Mr. MV, Sudhir Kumar said.

Dr. KBRS Visarada, Principal Scientist of IIMR-Indian Institute of Millet Research said nutritional security is the order of the day.  Earlier it was food security.  Now the food is abundantly available.  Millets are a good cereal for nutrition security.

IIMR is developing new millet recipes, reviving some old and introducing millet drinks too.  It runs programs to cook with millets.  It trains home entrepreneurs on how to make biscuits, cookies for household use as well as commercial use.

IIMR played a key role in making the United Nations to announce the year 2023 as the International Year of Millets.  Millets are the pride of India. Our Traditional Grains have got international recognition, she added. She urged people to make Millets part of food service.

Dr. Shilpi Reddy of KIMS Cuddle said Millets are a source of energy. Their stall in the expo will help women learn how to have intelligent babies by their own training, she said.

Srini Chandupatla, Vice President of TiE Hyderabad said TiE will run an investor connect program for the benefit of women entrepreneurs.  They can pitch to potential investors.  He gave a list of initiatives TiE Hyderabad organizes to promote women entrepreneurship.

Usha of We Hub said that they were planning to start an accelerator soon.  They were also planning to launch WE CORNER, the first retail forward linkage support channel for women entrepreneurs.

Abhinav of AasaanWill said their online Will Writing Platform is only one of its kind in India. It helped 1000 plus people to write their Will.  Unfortunately, 95% of the Indian Population does not know much about Will and Will Writing.  He told women to secure their hard earned properties.

WEDO, Women Entrepreneurship Development Organization plans to present visionary women awards during the Business Women Expo 2023.

I-Run to organize Hyderabad’s first exclusive women’s run. It is women only run to be held on the last day of the exhibition, said Mr. Samuel from I-Run Break Barriers.  We found that women are shy of participating in runs.  They say it is because of lack of company, who to run with.  Also, they don’t participate partly because of their household responsibilities, he said.  1500 women are expected to participate in the run.

Sambit of Hitex said the objective of the expo is to create business opportunities and give them a platform to network.

Axis Mutual Fund launches Axis Nifty G-Sec September 2032 Index Fund

New Delhi, March 03, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis NIFTY G-Sec September 2032 Index Fund. It is an open-ended target maturity debt index fund investing in constituents of the NIFTY G-Sec September 2032 Index. Aditya Pagaria and Hardik Shah would be managing the newly launched fund and the minimum investment amount is Rs. 5,000/- and in multiples of Rs. 1/- thereafter. The exit load is Nil.

Benchmarked against the NIFTY G-Sec September 2032 Index, the investment objective of the Axis NIFTY G-Sec September 2032 Index Fund is to provide investment returns corresponding to the total returns of the securities as represented by the NIFTY G-Sec September 2032 Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.

Investing in Government Securities (G-Sec):

Essentially, Government Securities or G-Secs are Central Government issued securities such as Treasury Bills, Floating Rate Bonds, Zero Coupon Bonds, Capital Indexed Bonds, etc. G-Secs are considered as one of the most liquid instruments traded in the Indian debt market.

Axis NIFTY G-Sec September 2032 Index Fund

The scheme would be allocating 95% to 100% of its portfolio to debt instruments comprising of the NIFTY G-Sec September 2032 Index and the remaining in Debt and Money Market instruments (Please refer to SID for detailed Asset Allocation & Investment Strategy and other scheme related features available at axismf.com). Furthermore, the Scheme will follow Buy and Hold investment strategy in which debt instruments of the respective index will be held till maturity unless sold for meeting redemptions/rebalancing.

Target maturity funds allow investors to access specific maturity buckets. The transparent nature of such a strategy provides investors a clear picture of the portfolio and the instrument mix. As a passive fund, the Axis NIFTY G-Sec September 2032 Index Fund aims to replicate a designated index created by reputed index providers. The ‘held to maturity’ nature of target maturity strategies aims to minimize duration risk for investors who remain invested through the life of the fund.

Top features of the fund include:

Potential Yields: As inflation comes within RBI’s tolerance band, the tightening stance of RBI policy seems to be nearing the end; thereby giving an opportunity to invest in this yield curve

Low Cost Passive Investment: A hassle free solution for investors looking for a low cost fixed income product

No Bias in Security Selection: As the fund is passively managed and invests in the constituents of NIFTY G-Sec September 2032 Index, there is no bias in security selection

Simple and Easy: Target maturity and high quality G-Sec portfolio with the benefit of indexation

Commenting on the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC said, “The current yield curve presents material opportunities to the investor with a medium to long term investment horizon. Axis NIFTY G-Sec September 2032 Index Fund gives an opportunity to investors to invest in a high quality portfolio with minimal default risk. The newly launched scheme will be an important add on to Axis Mutual Fund’s portfolio of passive debt offerings”

The new fund offers (NFO) opens for subscription from March 06 to March 13, 2023.

12 startups pitched to 50+ Investment funds at CIE-IIIT Hyderabad’s Demo Day

March 04, 2023, Hyderabad: CIE(Centre for Innovation & Entrepreneurship (CIE) –IIITH(International Institute of Information Technology Hyderabad)  organized its semi-annual Demo Day this week to mark the opening of the year. 12 startups from various programs pitched to over 50+ investors that were invited to the demo day.  All 12 startups have interest from investors and conversations are on

CIE is a 14+-year-old incubator that in the early days was supported by DST, MEITY & DBT.  CIE has so far supported 400+ startups and has seed funded 25 startups. CIE-IIITH is also focusing on turning a new leaf in terms of infrastructure facilities, programmes, and startup engagements focusing on building a deep tech startup ecosystem.

Demo Day is an event where CIE-IIITH showcases its startups from its accelerator programs: Avishkar-DeepTech, Ojas-MedTech &Mediatech startups. The startups at this demo day were spread across solution realms from IOT-AI for Industrial automation, CV-based game data analysis, AR-VR-based virtual meeting platforms, and surveying.

The Accelerator programs offer up to 40L seed funding, and technology help through research labs of IIITH, along with strategy and GTM advisory leading up to initial customer traction. The startups are from varied technologies like AI/ML, CV, NLP, AR/VR, working in various domains of manufacturing, data analysis, surveillance, virtual meeting platforms, asset tracking.

“Research Translation and research-backed startups are one of the core focuses of CIE’s accelerators given IIITH’s rich experience in deep technology research innovations. It’s good to see more than 50+ investors joining our demo day and are interested in such deep tech innovation,”  said Prof. Ramesh Loganathan, COO, CIE-IIITH

Funds that attended include Kalaari, SucSeed Innovation Fund, Chennai Angels, Mumbai Angels, Venture Catalysts, Reflex Capital, Dexter Angels, Surfboard Ventures, Edha, Hyderabad Angels, T-Fund, Freeflow, Optum, Microsoft, GMR Innovex, Lead Angels, Startupxseed Enterprises Pvt Ltd. and many more. Most startups have got interest from investors for follow on conversations.

 Annexure

ANANTADI

In-Video Advertisement backed by AI, to analyze, find and insert branded products, and signage virtually into entertainment video content. (as opposed to traditional product placement at the time of the shoot). The advertising future is “Inside” the content. AI Platform to Analyze, Embed & Deliver a Programmatic Product Placement to a targeted audience.

Age: 6 months

Domain: Ad Tech, AI/ML

Revenue: Pre-Revenue

Team Size:  4

Website: www.anantadi.com

PARENTHESES

HuMaC is a human-centered augmented intelligence IOT platform, that converges machine intelligence and Human intelligence, working in a harmonious environment to heighten physical & cognitive performance across the manufacturing value chain resulting in enhanced productivity, efficiency & decision-making.

Age of company: 2.5 years

Domain: Deeptech, Industrial IoT

Revenue: Early Revenue

Revenue INR 15L

Team Size: 6

Website: www.parentheses.systems

CHIMES

Chimes offer age-appropriate, educational podcasts and audiobooks for kids to serve the 69 MN Indian Household edutainment market. With monthly podcast downloads of 1 MN+, we help parents limit kids’ growing screen time while supporting the overall cognitive development of kids.

Age of company: Established Oct 2019

Domain: MediaTech

Revenue: INR 35L

Team Size: 4

Website: www.chimesradio.com

SEGRITECH

Segritech is a compact and movable smart sorting machine for fruits and vegetables. Their machine uses AI for quality inspection of fruits and vegetables in real-time.

Age of company: 2 years

Domain: Agritech

Revenue: Pre-Revenue

Team Size: 5

Website: www.segritech.com

CLOUDWORX

A web-based IDE that lets users build applications and workflows for 3D content without any code. The current focus is to build applications for the Enterprise Metaverse in the form of digital twins that is powered by real-time data from sensors, equipment, processes, and interactions.

Age of company: 2+ Years

Domain: Metaverse, IoT, SaaS, No Code

Revenue. MRR 12L

Team Size: 16

Website: www.cloudworx.ai

ASTROMEDA

Health-Tech Startup working on developing smart textile-based health monitoring Systems.

Age of company: 3+ Years

Domain: Biomedical, Telehealth

Revenue: INR 40L

Team Size: 10

Website: www.astromeda.in

PADMASEETHA

A MedTech company focuses on affordable and accessible healthcare solutions. It has developed a US patented, OmniPD, a pioneering solution in renal care space, a portable, anytime/anywhere home dialysis device to empower renal patients with a near-normal life.

Age of company: 7 years

Domain: Healthcare, Medical Devices

Revenue:  INR 3 Cr (Through Grants, Loan, Bootstrap)

Team Size: 2

Website: www.padmaseetha.com

SPUTNIK BRAIN

Novel brain modulation platform which physiologically elicits rapid stress alleviation or pleasure in the brain for relieving the suffering of the $300 billion issue of crippling stress in workplaces and large-scale corporations, non-surgically and in a convenient, biomarker-driven, repeatable, and chemical-free technology

Age of company: 1.5 years

Domain: Deep-tech, Health tech, Medtech

Revenue: INR 70L (grant)

Team Size: 6

Website: www.sputnikbrain.com

HUMMSA

HUMMSA Biotech is an innovation-driven company which is a diagnostic gap in bacterial Sepsis using Nano-Biotechnology

Age of company: 10 months

Domain: Biotech/Medtech

Revenue: Pre-Revenue

Team Size: 6

Website: www.hummsabiotech.com

JOLY AI

A SaaS and AI platform that automatically selects the best photos from many photos captured by the photographer. Initial entry to the market is solving photo selection problems in wedding photography.

Age of company: 1 year

Domain: Deep tech, AI

Revenue: Pre-Revenue

Team Size: 10

Website: www.jolyai.com

CHOIRA

Choira connects musicians with music studios and other musicians for online jamming and booking. Utilizing 5G network technology, it provides low latency and high-quality audio for real-time collaboration and creation. Choira makes it easy to connect and book online, allowing access to top-quality music studios and talented musicians & producers from anywhere, anytime!

Age of company: 1 year, 4 months

Domain: MediaTech

Revenue: INR 4.35L, Users: 500+

Team Size: 11

Website: https://choira.io/

METAVERTS

A Platform for Branding and Advertising on Virtual Real Estate and blended Ad spaces/Billboards in 3D Games, AR/VR, and Metaverse. The solution aims to bridge the gap between creative outdoor advertising

and Digital Worlds using non-intrusive, realistic advertising in 3D Environments.

Age of company: 2 months

Domain: Media, AdTech, Advertising, AR/VR, Metaverse

Revenue: Pre-revenue

Team Size: 3 and growing

Website: www.metaverts.io