Everything you need to know about latest Apple announcement; Karnataka govt chooses 77 startups for funding at Elevate


An Apple product announcement tends to be fairly routine – kickass promos, newer, fancier products mixed with some good, old-fashioned old pomp and pageantry. The tech giant held its annual debut event on Wednesday morning at the Steve Jobs Theatre at its Cupertino headquarters in California and revealed all that was new in the Apple universe. Here is everything you need to know about the latest Apple announcement.

The Government of Karnataka has shortlisted 250 finalists at Elevate, its startup competition. But starting up is only the first step in what’s likely to be a long journey. The other steps include growing the company, raising money, and scaling up. On Tuesday, the government brought in four top founders – of ZoomCar, NestAway, Chumbak, and Your Story - to talk about their journey and prep young startups for the real world.

From L-R: Naganand (IdeaSpring), Shradha (Your Story), Vivek (Chumbak), Greg (Zoom Car), and Deepak (Nestaway)

For some years now, India’s cab market has been dominated by two players – Uber and Ola. The two firms have been facing off since San Francisco-headquartered Uber entered India in 2013, two years after Ola was founded. According to a report released by ICRANSE, the Indian passenger vehicle industry is likely to ride on the “strong growth potential of domestic taxi segment” in the near term. But Ola and Uber are not the only cab services racing to get a pie of the online rental market. YourStory lists a few cab aggregators that will help you with your rental needs and let you book inter-city cabs.

Arpan Aggarwal, founder of Wagon Cabs

The Karnataka government on Tuesday announced the winners of Elevate, its startup initiative. The state has chosen 77 startups for funding this year from the 246 startups that pitched to the high-profile jury. All 77 startups will receive funding up to Rs 50 lakh each from the state IT, BT and S&T department. The programme, part of the startup policy launched by the state government in November 2015, is run under the Startup Karnataka initiative of the Ministry of IT-BT and S&T.

Gaurav Gupta, Principal Secretary, Department of IT, BT, S&T, Government of Karnataka

The most challenging task for every entrepreneur building a startup is access to capital; it can be the make-or-break element in the startup’s journey. A panel discussion on 'How to raise investment for your startup' offered key inputs to young entrepreneurs on how to make the right pitch to venture capitalists. The discussion was a part of Elevate 2018, the startup programme organised by the Karnataka government in Bengaluru.

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