Towards Smart Factories: Manufacturing Startups

6 Months agoManufacturing Startups today are driving innovation and widening the frontiers of the industry by opening new avenues for growth in the country.

Manufacturing Startups today are driving innovation and widening the frontiers of the industry by opening new avenues for growth in the country. Indian entrepreneurs are going beyond app-based businesses and creating innovative products using Robotics and Artificial Intelligence, Big Data and Analytics. With more than 4,750 startups, India has the third-largest startup ecosystem in the world.1

Providing impetus to startups in the country is significant for achieving the vision of “Make in India” and budding entrepreneurs are playing a key role in taking this campaign to its next level. The next generation of Indian startups focuses on the application of modern technologies in domains such as automobiles, logistics, hardware and food processing.2 3 4 5

Their mushrooming growth, specifically in India’s tech-dominated startup space, can be largely attributed to government initiatives such as “Startup India”. Under “Startup India”, a programme based on an action plan to boost innovation and startups in the country, the government is offering simplification and handholding, tax incentives, funding support, Intellectual Property Rights (IPR) protection benefits and a dedicated hub to provide support to startups.6

At the Make in India Conference, Bengaluru – ‘Karnataka Calling’, a session on Day 2 i.e. February 14, will focus discussions on ‘Manufacturing Startups’. Startup founders and industry leaders will discuss how to best leverage the startup ecosystem to encourage manufacturing at India’s startup capital Bengaluru. Several startup CEOs will also be sharing their success stories, highlighting the support they received along the way.7

Source:
1 http://www.nasscom.in/indian-startup-ecosystem-maturing-%E2%80%93-edition-2016
2 https://yourstory.com/2016/02/ather-energy-s340/
3 http://gadgets.ndtv.com/wearables/features/12-indian-hardware-startups-that-are-making-an-impact-773083
4 http://gadgets.ndtv.com/apps/news/ezetap-adds-four-indian-mobile-wallets-to-its-mobile-point-of-sale-solution-752819
5 http://www.business-standard.com/article/companies/paper-boat-drinks-maker-hector-beverages-on-expansion-spree-115031101078_1.html
6 http://pib.nic.in/newsite/PrintRelease.aspx?relid=147661
7 http://investkarnataka.co.in/mii/schedule.html