Category — Market Entry

Startups in India’s Defense Sector Forge Ahead

With the Government of India permitting 100 percent foreign direct investment in India’s defense industry, many startups in India’s private sector have started to design technologies that can be used in manufacturing defense equipment.

Bangalore-based Aadyah Aerospace builds electro-mechanical actuators, control actuation systems and electro-optics systems for missiles and launch vehicles.

Since military equipment can’t always be tested on the field, CM Envirosystems, another Bangalore-based startup designs and manufactures environmental test chambers which simulate real environmental conditions. The company provided these environmental test systems for Agni, India’s ballistic missiles program.

A smartphone with Start Up displayed on it

Samhams Technologies, ideaForge and Omnipresent Robotics are creating better quality drones that can be used in cloudy and foggy environs.

Entrepreneur says that biotech engineer Leo Mavely, founder of Axio realized the importance of the untapped healthcare market in the defense sector. His product Axiostat is a sterile, single-use haemostatic dressing intended to be used for temporary control of moderate to severe bleeding of wounds. Malvey added that the company has supplied these dressings to one hundred battalions in India, and have also shipped around 350,000 units worldwide.

Bangalore-based Tonbo Imaging makes digital imaging systems for equipment such as guns, unmanned aerial vehicles, and battle tanks. It earns nearly 80% of its revenues from the Indian defense services. This startup specializes in products such as advanced night-vision cameras, fire control systems, and advanced weaponry through “nature-inspired technology.”

December 29, 2017   No Comments

Indian Startup Uses Artificial Intelligence to Detect Breast Cancer

NIRAMAI, an acronym for Non-Invasive Risk Assessment with Machine Intelligence, uses thermography and machine learning to detect early signs of breast cancer. Founders of Bangalore-based startup Niramai Health Analytix, Dr. Geetha Manjunath, a PhD in computer science and Nidhi Mathur an MBA from the Indian Institute of Management, Bangalore, developed an AI-led diagnostic platform that uses patented thermal image processing and machine learning algorithms for reliable and accurate breast cancer screening.

Cancer Screening Images by Niramai

Cancer Screening Images by Niramai

This method of screening can detect tumors 5 years before mammography or a clinical exam can. The portable and  screening tool, called SMILE, has been tested on data from 300 patients, and results indicate an accuracy comparable to current diagnostics available. The AI and ML algorithms for the analysis of thermal images have resulted in 2 granted U.S. patents and many more patent applications.

“Our method of breast cancer screening can detect tumors 5 times smaller than what clinical exams can detect, is painless, non-contact and free of any radiation, apart from being low-cost, and universally accessible. With our solution, women of all age groups can undergo frequent screening without any side-effects. We are addressing a huge breast cancer screening market with the equipment market alone expected to reach $4.14 billion by 2021,” says Niramai.

December 18, 2017   No Comments

Enphase Energy Launches R&D Center in India

Petaluma, California-based energy technology company and supplier of solar microinverters, Enphase Energy Inc., opened it first Indian R&D center in Bangalore.

“I am pleased to announce our first R&D center in India, which is an important part of our overall global strategy,” said Badri Kothandaraman, president and CEO of Enphase Energy. “The abundant engineering and technology talent in India not only fits well with Enphase’s core of product innovation, but also helps us in operational excellence to achieve our 30-20-10 financial operating model.”

An enphase microinverter being bolted to the racking system

Business Insider reports that India has a mature R&D ecosystem that includes many renewable energy companies with more than twenty years of business in the region. Enphase Microinverters integrated solar plus storage solutions are designed and proven to operate for decades in harsh climates such as India’s.

 

December 7, 2017   No Comments

Madame Tussauds Museum Launches in New Delhi

Madame Tussauds Wax Museum opened its doors on December 1, in New Delhi. It will be home to around 50 wax figures, including cricketers Sachin Tendulkar, Brian Lara; actors Richard Gere, Amitabh Bachchan, Salman Khan, Marilyn Monroe; sports personalities Mary Kom, Milkha Singh and Lionel Messi; as well as political leaders Mahatma Gandhi, and current Prime Minister of India, Narendra Modi.

Sachin Tendulkar's wax figure at Madam Tussauds Delhi

Sachin Tendulkar’s wax figure at Madam Tussauds, New Delhi

Anshul Jain, general manager and director, Merlin Entertainment Group, India, which brought Madame Tussauds to India said, “60 percent of the wax models are Indian.” The ticket price in India is one-third the charge elsewhere in a bid to make it more accessible to the masses, reports the Indian Express.

December 6, 2017   No Comments

Digital Domain Expands to India

Los Angeles-based provider of visual effects and immersive experiences, Digital Domain, launched a 42,000 sq. ft. facility, in Hyderabad, India, its tenth global location. Digital Domain India is located in Hyderabad’s IT/ITES Special Economic Zone campus, where it joins Apple, Microsoft, Facebook and Google already have offices.

Digital Domain Logo

India is, and will continue to be, an integral part of Digital Domain’s global expansion plans, as we foresee the region to be a leading consumer of premium content,” said Amit Chopra, COO, Digital Domain, reports Prnewswire. “The escalating demand for premium film and digital experiences in India combined with a highly skilled local talent pool and Digital Domain’s prowess in the visual effects and the interactive content space will prove unstoppable.”

India is the world’s largest producer of movies, an industry that Germany-based online research firm Statista has forecast to be worth $3.2 billion by 2021.

“The world class infrastructure and start-up ecosystem in Hyderabad make it an extremely desirable location for innovative companies like Digital Domain,” said Daniel Seah, Global CEO, Digital Domain. “Combined with the recent projections for smartphone growth and mobile bandwidth expansion in the region, the people of India are primed to demand and expect premium content, and we are ready to deliver on that need.”

 

 

December 2, 2017   No Comments