India s DoT seeks to help startups get VC funding lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
Telecom department launches a Shark Tank-style funding initiative to boost startups, focusing on next-gen technologies. Acting as a liaison, the DoT connects startups with venture capitalists (VCs), aiming to foster domestic tech giants. 25 startups, spanning quantum communication, 5G AI drones, cybersecurity, and IoT, pitched to 13 VCs from India, UK, and Uganda. Advanced funding discussions are underway, signaling potential growth opportunities for selected firms. The government s efforts align with its goal of achieving self-sufficiency in communications technology, supported by initiatives like the telecom technology development fund (TTDF).
Department Of Telecommunications: At a recent meeting, around 25 startups in the field of quantum communications, 5G-enabled AI drones, satellite-based navigation system, cyber security and IoT pitched their ideas to 13 VCs from India, UK and Uganda.