Maharashtra Signs Pacts For Startups Worth Rs 15 Lakhs & Other News That You Need To Know


Listed below are some of the major news of the startup sector, take a look to stay updated:

Maharashtra embraces startups, signs pacts for works worth ₹15 lakh

The Maharashtra government on Friday signed Letters of Intent with 24 startups for work orders worth ₹15 lakh as part of the Maharashtra Startup Week. Over 2,000 participants had made a pitch for their innovations at the event. The shortlisted startups will collaborate with the government over the next few months and work closely in areas such as infrastructure, healthcare, defence and the environment.

A nodal officer has been appointed in each government department to support the startups in carrying out the projects.


This company launches ‘India’s first’ 4K-ready FullHD TV

Cloudwalker, the tech start-up known for making TVs, has expanded its portfolio by launching the Cloud TV X2, which is also being claimed as the first FullHD TV in India that is also 4K Ready. The appliance is powered by Android 7.0 Nougat and features a quad-core ARM cortex processor, clubbed with 1GB RAM and 8GB inbuilt storage. The device has a starting price of Rs 14,990 and comes in two screen sizes – 32-inch and 55-inch.

Facebook had a data-sharing partnership with 52 tech firms

Facebook had entered into a data-sharing partnership with 52 technology companies, including Chinese companies like Alibaba, Huawei, Lenovo and Oppo, the social networking giant said in its latest response to Energy and Commerce Committee of the US House of Representatives.

In its 747-page response to questions raised by the committee, Facebook said it had already ended partnerships with 38 of them with seven more due to expire in July and one more in October this year.

However, Facebook said that three partnerships – involving Apple, Amazon and Tobii, an accessibility app that enables people with ALS (amyotrophic lateral sclerosis) to access Facebook – are due to continue beyond October this year. 

Today’s Take Away:

Learning to plan is one of the major lessons that we get when we have set on an entrepreneurial journey. Often the plan does not work out but we end up learning a lot.

Ben Horowitz, Co-founder, Andreessen Horowitz, rightfully says,

“Planning is valuable though the plan is usually useless.”