© 2014 E-HEALTH TECH. BUSINESS INCUBATOR
(An initiative of eHealth Technology Business Incubator,
Sponsored by Department of Science and Technology (DST), Govt. of India)
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This large talent pool with global exposure can transition India into an Innovation Led Economy, the only major missing link is the Start-up Ecosystem of which Seed Capital is an important component
60% of the firms that received TePP/Seed funding at eHealth TBI commercialized and 50% received Subsequent Funding and debt. BlueSkyAngels will leverage select 50 top preforming incubators who have network across India and can create a pipeline in excess of 100,000 product ideas Who’s who in India to mentor top 50 firms that would peruse a global foot print.
Big innovations are required and will continue, but there is a huge opportunities for effective, high-volume and low-cost solutions. India represents a large market with opportunities spanning the entire technology space and this becomes a natural spring board for evolving a Global footprint, product designed in India for India at India costs for
Global Market. GE India R&D team was charged with developing a ECG 18 months for just 60 per cent of its wholesale cost. GE case Global Market. GE India R&D team was
charged with developing a ECG 18 months for just 60 per cent of its wholesale cost. GE case
Study is among the first example of a product designed in India for India finding Global Markets. There are at-least 20 more such successful case studiesafter this success story.
Blue Sky Angels and eHealth Technology Incubator (a Section 9, Non-Profit company) owe their existence to a series of programs of Govt. of India. The National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST) has funded the incubator. In addition the Seed support Fund has been funded by the Technology Development Board, Govt. of India.The incubator was also the outreach centre for DSIR's TePP Program and partnership for the new PRISM program is awaited. Both the Angel fund and the Incubator have forged partnership with Multiple State Governments with Govt. of Karnataka being the first State.
At BlueSkyAngels we have now embarked on a "Hub & Spoke Model" to expand our activities. We also have partnership with Visveswaraya Technological University (VTU) the largest Technological University to set up 5 (Five) incubators in Bangalore. Mudanahalli, Gulbarga, Mangalore and Mysore. First of the "Hub and Spoke" model we are pursuing will be operational in this financial year 2014-15.
Technology Innovation in India has reached an inflexion point. As many as 25 more global companies have established R&D centers in India since the beginning of 2012. This takes the total number of MNC R&D centers in India to about 1,031. Among those who have entered in recent past are Unilever, Expedia, Panasonic, FireEye, Ricoh, Royal DSM, Ruckus Wireless, Abbott and Sigma-Aldrich, according to a report by research firm Zinnov. The Expedia Centre helps build travel platforms that they sell to other companies. "Unilever's R&D Centre works on packaging technologies, supply chain products, creating new plant layouts and plant machinery," Large investments projected in domains such as energy efficiency, energy storage, water management, green buildings, smart grids, surface transportation, advanced fuels etc.,