Vedanta’s start-up support programme attracts 1190 entries
Technology

Vedanta’s start-up support programme attracts 1190 entries

Vedanta Group’s latest initiative, Vedanta Spark, a “global corporate and innovation and ventures programme”, received 1,190 entries within three months of its launch from 19 countries across the world, including the UK, USA, Canada, Australia, and Singapore. Of these, 882 are Indian start-ups.

Vedanta Spark has shortlisted 100 start-ups so far for the next level of interaction with Vedanta. The key national partners for Vedanta Spark are Start-up India, AIM, and Agnii (Invest India), while the key global partners include Core Hub and World Start-up.

According to Vedanta’s statement, the top 20 start-ups will get a chance to work with the different entities of Vedanta following an evaluation process by panels consisting of professionals from Vedanta, domain experts, and external mentors from government ministries and industry. The company plans to make investments of about Rs 100 crore towards the start-ups with promising outcomes.

The programme was launched on 30 October 2020 with the objective of supporting a tech-revolution, by partnering with early-stage, growth stage, and venture stage digital tech start-ups to build and grow technology capabilities for achieving strategic goals in operations, product development.

Vedanta Limited, a subsidiary of UK-headquartered Vedanta Resources Limited, is an oil and gas and metals company with global operations.

Image 

Vedanta Group’s latest initiative, Vedanta Spark, a “global corporate and innovation and ventures programme”, received 1,190 entries within three months of its launch from 19 countries across the world, including the UK, USA, Canada, Australia, and Singapore. Of these, 882 are Indian start-ups. Vedanta Spark has shortlisted 100 start-ups so far for the next level of interaction with Vedanta. The key national partners for Vedanta Spark are Start-up India, AIM, and Agnii (Invest India), while the key global partners include Core Hub and World Start-up. According to Vedanta’s statement, the top 20 start-ups will get a chance to work with the different entities of Vedanta following an evaluation process by panels consisting of professionals from Vedanta, domain experts, and external mentors from government ministries and industry. The company plans to make investments of about Rs 100 crore towards the start-ups with promising outcomes. The programme was launched on 30 October 2020 with the objective of supporting a tech-revolution, by partnering with early-stage, growth stage, and venture stage digital tech start-ups to build and grow technology capabilities for achieving strategic goals in operations, product development. Vedanta Limited, a subsidiary of UK-headquartered Vedanta Resources Limited, is an oil and gas and metals company with global operations. Image 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code