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    April 11th, 2017adminBusiness & Economy, Records, All

    However, pilot project covers only five localities

    Starting today, you can order veggies and fruits from the Horticultural Products Co-operative Marketing and Processing Society (Hopcoms) online (www.hortibazaar.in) and get them delivered home within three hours.

    However, this facility is not available across the city. “We have started a pilot project in five high sales areas. Depending on the response, it will be extended across the city,” said G.R. Srinivasan, president, Hopcoms. Sources said that the initiative will cover Jayanagar, J.P. Nagar, Koramangala, Indiranagar and BTM Layout.

    The logistics will be managed by a private firm Hunnarvi Technology Solutions. While there is no difference in the prices of the products, the minimum order is ₹250. Hunnarvi will levy a service charge of ₹25 for orders between ₹250 and ₹500, ₹50 for orders between ₹500 and ₹1,000 and ₹75 for orders above ₹1,000.

    On top of this, the firm will get a commission of 6% from HOPCOMS, said Mr. Srinivasan. Consumers can reject the products if they are not satisfied with the quality, sources added.

    source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Staff Reporter / April 10th, 2017

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    AxiostatBF02mar2017

    Bengaluru :

    When Leo Mavely was in college, he saw a man bleeding profusely after a bike accident. People rushed in to help but there was no way to stem the loss of blood immediately.

    LeoBF02mar2017
    This left a lasting impression on his mind and led him to invent a product, Axiostat – the smart band, which is a hemostatic. Today, the band is being used by the general public and the Indian Armed Forces and the paramilitary. In 2014, the Axiostat band was used in the Russia-Ukraine conflict.

    Its website features varied testimonials on its use — from dentists for tooth extraction and senior cardiologists for stopping arterial bleeding to a medical officers with Border Security Force for treating victims of IED blasts and gunshot wounds.
    Axiostat is a sponge-like biomaterial dressing that stops moderate to severe bleeding within minutes. This product is manufactured by the Bengaluru-based startup Axio Biosolutions, which is Leo’s brainchild and was established in 2008.
    The band is made using chitosan, a natural biomaterial. Biomaterials are engineered substances that interact with human systems to achieve a medical end. Chitosan, which is extracted from shellfish, is highly purified and processed to make this device.
    The band carries positively charged components, which when comes in contact with the negatively charged blood cells, form a binding seal.
    “The moment Axiostat is applied to an open wound, it reacts with the blood and becomes a very sticky substance that clots blood and stops the bleeding,” says Leo. “The band can be left on the wound for 48 hours. Once the patient has been taken to the Hospital and given medical attention, Axiotat can be removed by applying water on it. It absorbs the water to become a gel-like substance that can be peeled off.”
    Hospitals that use the band include Fortis, AIIMS, Manipal, Breach Candy and Columbia Asia.
    The smart band received European Union – CE approval in 2013 and Axiostat Biosolutions was named the best emerging startup by BioAsia in 2016. Axiostat, which opened in India, is now also in Middle East, Africa and Europe.

    source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Bengaluru / by Brinda Das / Express News Service / March 02nd, 2017

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    March 1st, 2017adminBusiness & Economy

    StayAbode, a start-up that is building co-living spaces, said that it had raised an undisclosed amount of angel funding from a consortium of investors led by Ishan Manaktala and Angie Mahtaney.

    Gaurav Bhalotia (Ex-VP Engineering, Flipkart), Vishal Lulla (CEO, Vishal Exports) and investors from online funding platform LetsVenture also participated in the round. StayAbode said it offers more than 180 beds spread over four properties across Bengaluru. The funding would help it expand to other cities.

    Mr. Bhalotia said, “StayAbode is using technology to create living spaces that support the new lifestyle of the young.”

    source: http://www.thehindu.com / The Hindu / Home> Business / by Special Correspondent / Bengaluru – February 27th, 2017

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    Annamma with her new truck   | Photo Credit: Handout E Mail

    Annamma with her new truck | Photo Credit: Handout E Mail

    Buys truck to increase volume with door-to-door collection to make up for decrease in price of plastic & paper waste

    She was a 10 years old when she started following her grandmother as she picked up waste from the city’s streets. Thirty years later, Annamma has established herself as an entrepreneur. She has become the first waste picker in the city to buy a truck for door-to-door collection of dry waste, and is already looking to purchase a second vehicle in the near future.

    For somebody who was picking waste from the streets as late as 2013, Annamma’s rise is nothing less than phenomenal. “When the civic body wanted waste pickers to start manning dry waste collection centres (DWCC), I was not confident about taking up the task. I lived in a hut with no electricity and had saved ₹50,000 to build a house. But I invested the money and started a DWCC. This centre has grown into a business today,” she says, beaming with pride.

    She has been running the DWCC for ward 101, Kamakshipalya for four years now. She now deals with nearly two tonnes of dry waste every day.

    She was able to avail a loan to build a three-bedroom house in Ullal Upanagar, where her hut once stood. “My daughters used to read sitting under a street light or read all night on the new moon day, as there was no electricity. Today, they have a study room,” says Annamma.

    Recently, the Bruhat Bangalore Mahanagara Palike (BBMP) gave the responsibility of door-step collection of dry waste twice a week to DWCCs, mostly run by former waste pickers in their respective wards. This entails expansion of DWCC operations and capital investment on vehicles and personnel.

    Annamma, who is one of the more successful entrepreneurs in the sector, acted decisively and purchased a truck to start door-step collection of waste. “I don’t know how to read or write. But I am good at math because of the business I run. These are tough times as the prices of plastic and paper waste have fallen. The only way to survive is to increase the volume, which is what I expect will happen with door-step collection,” Annamma explained her strategy.

    High price to pay

    Nalini Shekhar of the NGO Hasirudala, who has been working with Annamma for the past four years, said that it is a challenge for people like her to become entrepreneurs, as the waste sector is not considered an industry by banks.

    “The rate of interest on the loan availed by Annamma is 18%. We are looking for some other institution that will charge a lower rate of interest,” she said.

    Annamma is worried about the cost of expansion and the need to hire more people. “We need six men to run the show. But we have employed only four with my husband and me doing the jobs of the other two to reduce costs,” she said.

    source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by K.V. Aditya Bharadwaj / February 27th, 2017

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    Mowgli’s jungle, where his friends and enemies walked and prowled, was largely created on a few computer screens in Bengaluru.

    Mowgli’s jungle, where his friends and enemies walked and prowled, was largely created on a few computer screens in Bengaluru.

    It was on a few computer screens in Bengaluru that a blue screen at Hollywood was transformed into a rich canvas of dense forests that hosted the tense drama of Disney’s The Jungle Book.

    A significant part of the film, which took home the award for Best Visual Effects during the 89th Academy Awards on Sunday night, was done in Bengaluru, where nearly 300 engineers — out of nearly 800 spread across LA and London — built and provided the finishing touches to a jungle world where Mowgli, his friends and enemies walked and prowled.

    “The film was extremely challenging and would be a huge benchmark for visual effects. We had childhood attachments too, for ‘Jungle Book’ is an Indian story. We always hope for the best, but an Oscar is the icing on the cake,” says Amit Sharma, head of compositing at MPC Studio Bengaluru, which was the lead VFX studio for the film.

    The mandate given to them was to render a photo-real world, where 224 unique animals would be “captured in their surroundings” as if they were roped in for the film.

    Two teams scoured through six forests of south and central India, through three seasons, covering nearly 18,000 km. The result was 20 TB of information and four lakh photographs rendering a landscape, from the rocks to the waterfalls, ferns to pebbles.

    “The ‘man-village’ inspiration came from rural Rajasthan, the wolf caves from Badami caves, Banyan trees from Goa, and elephants from those seen at Periyar… these were the references, but everything was created from scratch,” said Mr. Sharma.

    From LA to Bengaluru

    From Los Angeles, the Oscar statue is expected to come straight to Bengaluru, where the engineers will be given a chance to party with it, said Biren Ghose, executive director of MPC Bengaluru. Engineers in the city had previously played a role in the Oscar-winning Life of Pi in 2012, apart from rendering the graphics for at least six other films nominated for the Academy Awards over the years.

    “The complexity, technology and technique used was far beyond Life of Pi because of the scale we were looking at — an entire world that was a crossover of animation and visual effects. All of which was created to an extent that the line between reality and computer-generated characters became blurred… at one point, even Mowgli was computer-generated, and the audience did not know it,” said Mr. Ghose.

    source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Staff Reporter / Bengaluru – February 28th, 2017

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    Bengaluru :

    Staqu is a brainchild of all tech-oriented co-founders. Since the beginning, we had all been super excited about Artificial Intelligence and the unique capabilities it possesses to solve the present-day conundrums. We had believed that the ground-breaking technology would be able to sell itself. Six months into the business, when we had hardly closed any sale, we realised it was time for some introspection and policy overhauls.

    Instead of trying to sell the technology now, we disrupted that tunnelled vision of our own and started creating products instead, which explored the different facets of AI. The same led to the creation of our VGREP API, an AI empowered solution OEMs and e-commerce players could utilise to deliver a more intuitive and smart search experience to their users. Our first key collaboration with an OEM brand followed right after and that alone was the sign we needed to know we were on the right path.

    These days, while unveiling the new features of this potent technology, we try to wrap it around a product and promote that solution, instead of the technology.

    Atul Rai

    Atul Rai

    (The author is the CEO and co-founder of  Staqu, an Artificial Intelligence startup that allows users to search something by uploading its images)

    source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Bengaluru / by Atul Rai / Express News Service / February 23rd, 2017

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    Rural entrepreneur Keshava A. runs a factory in Puttur taluk of Dakshina Kannada that employs 50 people.

    Rural entrepreneur Keshava A. runs a factory in Puttur taluk of Dakshina Kannada that employs 50 people.

    Keshava, who is visually challenged, has sold one lakh ladders

    Keshava A., 41, is popular as ‘ladder man’ in rural areas of Dakshina Kannada district. Lightweight foldable aluminium ladders designed by him help even women and children climb the tall areca palms or harvest pepper from climbers on tall trees. Not many know that he is visually challenged.

    Mr. Keshava was the star attraction for scientists from different parts of the country at the ongoing Agricultural Science Congress here, where he has set up a stall.

    “I dropped out of college while doing PU as my vision was affected owing to glaucoma. Now, 90 per cent of my vision is affected and I cannot see anything clearly even if it is very near to me,” said Mr. Keshava.

    Pursuing his dream

    The vision problem, however, did not come in his way of pursuing his dream of helping farmers climb tall areca palms. “As a person from the farming family, I was witness to the problems of farmers because of lack of skilled labourers who can climb areca trees. Hence I designed a lightweight ladder which can not only stretch for 40 to 50 feet, but also have a firm grip on the ground,” he said. He has so far sold over one lakh ladders.

    About his vision problem, he said, “When I started my enterprise, I was able to see the objects if they were very close to me, but my vision deteriorated in the course of time. It is not an obstacle as I have continued to innovate and also improvised the ladder models.”

    He has a full-fledged factory in Puttur taluk of Dakshina Kannada which manufactures a range of farm equipment, including ladders, mango/coconut harvesters, sprayer extensions, and arecanut huskers. He has employed 50 people and registers a turnover of about ₹3 crore a year. “According to me, disability is actually a psychological issue and not a physical barrier,” said Mr. Keshava. He is now trying to motivate his 10-year-old son who too is affected by vision problem.

    The head of the Agricultural Engineering Department of the University of Agricultural Sciences, Bengaluru, said, “He is the real hero as he has been successfully operating his enterprise despite being visually challenged.”

    source: http://www.thehindu.com / The Hindu / Home> News> States> Karnataka / by B S Satish Kumar / February 23rd, 2017

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    Geetha A.B. has been elected Chairperson of the Bengaluru branch of the Institute of Chartered Accountants of India (ICAI) for 2017-18.

    She is the first woman head of the professional body. She has over 13 years of professional experience and is specialised in direct taxation and auditing. Her contributions to the CA professional community as Secretary, Treasurer and CA Students’ Head have been noteworthy, said an official press note.

    The Bengaluru branch caters to the needs of nearly 13,500 CAs and 30,000 students on its rolls. Ms. Geetha has also been an active member of Karnataka State Chartered Accountants Association and AWAKE, women entrepreneurs association of Karnataka.

    Other office-bearers are Shravan Guduthur (Vice-Chairman) Bhat Shivaram Shankar (Secretary), Raveendra S. Kore (Treasurer), and Bhojaraj T. Shetty (nominated-Chairman).

    The ICAI, a statutory body, has a Council comprising 40 members, with 32 elected and the rest nominated by the Central government.

    source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Special Correspondent / Bengaluru – February 18th, 2017

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    Bengaluru :

    Bengaluru has emerged as the biotech startup capital of India -it’s home to 190 ventures out of the 1,022 set up in the past five years, according to a study by the Association of Biotechnology Led Enterprises (ABLE).

    The National Capital Region (NCR) comes second with 164, followed by Mumbai and Hyderabad with 163 and 160, respectively. The study finds that $2.6 billion of private equity investments went into these companies, with $851 million coming in 2015 -the highest in a year so far. The segment also received government grants and funds from HNIs.

    “This is good news and we are aiming to double this number with the ABLE Startups 2020 initiative to take the count to 2020 companies by the year 2020 and $5 bil lion of investments,” ABLE president PM Murali said.The study observed that 3,000 new entrepreneurs emerged between 2012 and 2016 in the biotech sector and at least a third of them were women. The bio-pharma sec tor continues to dominate the indus try, accounting for 57% share of the companies formed, followed by bioresearch (16%), bio-agri (10%), and bio-industrial (9%). Of the total, about 40% of the companies were involved in manufacture of products and ingredients, and 16% were into research and experimental development.

    The study observed that the government’s startup policy, funds allocated for the sector, and presence of bio-incubators such as C-Camp and Bangalore Bioinnovation Centre were helping the sector to grow.

    Of the 1,022 new startups, 104 were formed in 2016, 367 during 2014 and 2015. Another 551 companies were established between 2012 and 2014.

    Biocon chairman and MD, Kiran MazumdarShaw, also ABLE honorary chairman, said ABLE is initiating a mentoring cell of senior industry leaders to guide the next generation of biotech entrepreneurs.

    source: http://www.timesofindia.indiatimes.com / The Times of India / News> City News> Bangalore News / TNN / February 2017

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    The creators of the monitor, Raybaby, hope to help new parents

    The creators of the monitor, Raybaby, hope to help new parents

    Bengaluru :

    Prachi (name changed), 32, a corporate professional and single mother, is sleep-deprived. So is her five-month-old son, who wakes up in the middle of the night with sudden bouts of respiratory trouble. Despite repeated visits to the paediatrician, the infant’s condition has barely improved.
    “My son often wakes up as he can’t breathe. Though I always try to comfort him and put him back to sleep, I don’t know when the next episode will occur. This has been giving us sleepless nights and is affecting my son’s health,” said the exasperated mother.

    To help new moms like Prachi, three city-based techies have devised a solution, Raybaby, a non-contact baby monitor which tracks activities like sleeping and breathing. Ranjana Nair, Sanchi Poovaya and Aardra Kannan Amili used their brainchild, Kickstarter — a platform helping artists, musicians, filmmakers and designers find resources and support to make their ideas a reality — to come up with the device which was launched on January 31.

    Ranjana, chief executive officer (CEO), Kickstarter, said: “This baby monitor was created to bring back sanity in their lives of new moms and dads. All products in the market and hospitals require the baby to wear the battery-operated device, which is dangerous as there have been many instances of the battery exploding. Raybaby is a first-of-its-kind non-contact baby tracker which monitors the baby’s respiratory rate with 98% accuracy.”

    Supported by Johnson & Johnson and HAX as part of the joint consumer health device programme, the monitor helps new parents with sleep training and tells them when the baby is awake, asleep or sleeping, via a Smart Journal app. Its artificial intelligence system tells parents how the baby is doing and whether the child is running a fever or has any respiratory ailment like asthma or bronchitis.
    Explaining how the idea was born, Ranjana said: “We were visiting a friend’s baby in a Neonatal Intensive Care Unit (NICU) and saw that in this day and age, the respiratory rate was still being tracked by placing a hand on the baby’s chest or through uncomfortable chest bands. That was when we decided to create a device to help parents. Research and discussions with doctors showed us how the respiratory rate could be used to monitor a baby’s health in a home environment. We worked with top hardware engineers to develop a safe device.”

    Speaking about the safety aspect, Sanchi Poovaya, COO, Kickstarter, said: “It is a non-contact device, which rules out the possibility of explosions or other accidents. We are using the radar technology, which works on the principle of ultrasound, and FDA-approved components.”

    source: http://www.timesofindia.indiatimes.com / The Times of India / News> City News> Bengaluru News / by Sreemoye Chatterjee / TNN / February 15th, 2017

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