Latest news with #DeepTech
Yahoo
16-05-2025
- Business
- Yahoo
MD&M East Partners with New York Robotics
NEW YORK CITY, NY / / May 16, 2025 / Informa Markets Engineering, the leading business to business (B2B) event producer, publisher and digital media platform for the advanced manufacturing industry, today announces its involvement as a founding partner for New York Robotics. The New York region is home to the fastest-growing tech ecosystem in the world. Tech in New York has grown twice as fast as the city's overall economy, three times faster than the U.S. tech ecosystem, and six times faster than the overall U.S. economy. According to McKinsey's New York 2040 Report, robotics generated $21 billion in global revenue in 2022 and is projected to grow to between $190 billion and $910 billion by 2040, representing a compound annual growth rate (CAGR) between 13.02% and 23.29%. This wide range reflects the multifaceted impact of robotics across industries and the diverse scenarios that could shape its future trajectory. Established in January 2024, the non-profit New York Robotics has become a place for robotics in New York. The group aims to catalyze innovation and accelerate the commercialization of robotics and embodied AI in the tri-state region while driving progress across the national and global robotics ecosystem. NYR is already uniting nearly 100 independent robotics companies, 20 university research programs, over 100 venture capital firms, 25 industry leaders worldwide, with more than 150 service providers and consulates from leading robotics industry countries including international innovative tech hubs such as Japan, Germany and Denmark. "Global leaders in robotics, DeepTech and AI are flocking to New York, not only for research, funding and customers, but also for its thriving ecosystem of creativity and collaboration that fuels the American economy and future industry development," says Steve Everly, MD&M East Event Director, Informa Markets Engineering. "The city offers a chance to innovate, convene, learn and share knowledge, working together to address some of the most complex challenges in the robotics industry today. "Robotics is necessary to help solve some of the world's most pressing challenges," says Jacob Hennesey-Rubin, co-Founder and Executive Director, New York Robotics. " Yet it is certainly its own unique investment class, with its own unique needs. We have seen that robotics companies require a specific set of ingredients to grow, scale and eventually exit, and there is no doubt that New York has all of these key ingredients to fuel robotics from innovation to billion-dollar exits." Additional founding partners and sponsors include Cybernetix Ventures, New York University, J.P. Morgan, AlleyCorp, Interwoven Ventures, Polsinelli Law Firm, Standard Bots, Monozukuri Ventures, SDP/SI, Eisner Amper and Mercer Labs. To learn more about the onsite partnerships at MD&M East visit: About Informa Markets EngineeringInforma Markets Engineering is the leading B2B event producer, publisher, and digital media business for the world's $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa Markets, a subsidiary of Informa plc (LON:INF), the world's leading exhibitions organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit Media ContactInforma Markets Engineering PREngineeringPR@ SOURCE: Informa Markets Engineering View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
16-05-2025
- Business
- Time of India
Khaunte: Need govt-startup collaboration for innovative solutions
Panaji: Govt departments need to work with private sector startups and innovators to resolve challenges, said minister for information technology, electronics and communications, Rohan Khaunte . The minister said that startups and innovators can help govt find 'practical solutions' that will solve 'critical challenges' of citizens. He added that there are over 600 registered startups, including a medtech unicorn in Goa, whose expertise can be harnessed. 'Traditionally, govt challenges were addressed within departments, often in silos. There is a need to involve startups and student innovators for a meaningful change,' said Khaunte. The IT department has been working with local startups, students, and innovators to identify business ideas and technologies to find practical solutions to the challenges of govt departments. 'Startups bring that edge — they are agile, creative, and technology-driven. We need solutions that are not just innovative but also ready to be deployed on the ground. By opening our doors through the Goa Open Innovation Challenge , we are inviting them to become co-creators of smarter, tech-enabled public solutions,' said Khaunte. This is not just about ideas — it is about turning ideas into action and creating meaningful change for our citizens. He announced that the Goa Open Innovation Challenge will become an annual platform to foster an ecosystem for innovation and technology-driven solutions . 'The goal is clear. Bring in technology-driven, scalable solutions that can be scaled across India tomorrow,' said Khaunte, hoping that Goan startups will lead in tourism tech, clean and green technologies, and DeepTech while creating local jobs.
India Today
15-05-2025
- Business
- India Today
Over 700 marginalised youths trained in AI, robotics, and fintech skills
More than 700 marginalised youths from Delhi NCR and Bengaluru have successfully completed a 200-hour training programme focused on artificial intelligence. Covering key areas such as generative AI, robotics, and fintech, the initiative blended technical education with soft skills training to enhance job readiness and support entry into the evolving tech received over 140 hours of core AI training alongside more than 60 hours of sessions focused on communication, problem-solving, and workplace readiness. Expert-led workshops, real-world exposure through corporate visits, and mentorship from volunteers formed a key part of the holistic training on the success of the initiative, Jyoti Sharma, CEO, Nasscom Foundation said, 'AI is not just reshaping industries, it's redefining the future of work. Our collaboration with Capgemini, under the AI for Skilling initiative, reflects our shared vision of an inclusive digital economy, where marginalised youth have the opportunity to participate and break barriers to AI access. By enabling future-ready skills and focusing on foundational, core-work skills, we are investing in the potential of India's youth to fully embrace evolving digital opportunities.'Ashwin Yardi, CEO – India, Capgemini said, 'AI is shaping a bold new era of work—one where innovation, inclusion, and human potential thrive together. Through Capgemini's Digital Academy, in partnership with Nasscom Foundation, we are bridging the digital divide - equipping the youth with industry-relevant AI and technology skills for meaningful careers."The programme's first cohort has already started securing placements across technology sectors. Building on this success, the next phase of the initiative will expand into DeepTech fields, aiming to create a sustainable talent pipeline and bridge the digital divide for underserved communities.
Business Standard
14-05-2025
- Business
- Business Standard
New York-based BAT VC Announces India Entry with $100 Million AI-focused Fund II
VMPL New York [US], May 14: BAT VC, a prominent New York-based venture capital firm, announced its entry into India, unveiling plans to invest up to $100 million through its second fund targeting India-linked startups specializing in AI and DeepTech disruptions in FinTech and B2B SaaS. Fund II builds on BAT VC's successful track record of identifying high-potential startups early, demonstrated through investments in Wand AI, StockGro, Nickelytics (acquired), Accern (acquired) and Uptiq AI from its previous fund. India's AI sector is entering a golden era, growing at 32% annually and projected to reach $23 billion by 2027. The country now boasts a pool of 450,000+ AI/ML professionals and an ecosystem ripe for global scale. In parallel, India's enterprise SaaS market surged to $8.7 billion, growing at a 35% CAGR--twice the global average. U.S.-India cross-border AI investments grew 180% to $4.7 billion in 2023, and the convergence of talent, capital, and market access has created a uniquely compelling investment landscape. The new India-focused initiative will be spearheaded by BAT VC's three General Partners: Manish Maheshwari, ex-Twitter India head, Mason Fellow at Harvard University and former Flipkart executive, whose AI venture, was recently acquired. Aditya Mishra, who achieved a successful entrepreneurial exit with FaceLogique and has held executive roles at Yahoo!, G/O Media, Accenture, and EY. Ravi Metta, former CTO at Finastra and product engineering leader at Intuit, brings deep technical expertise and a proven track record of driving innovation. "My move to Bengaluru underscores our conviction in India's potential to lead the next wave of AI-driven global growth," said Manish Maheshwari, General Partner and India Head at BAT VC. "We aim to back Indian founders building globally relevant AI products, supported by capital and perspective from both the US and India," said Aditya Mishra, Managing Director and General Partner. "Our technical depth enables us to identify high-impact AI startups early and guide them through global scale-up," said Ravi Metta, General Partner. India's startup ecosystem has grown significantly, with funding doubling to $27 billion, a 3x increase in scaled startups (>$10M revenue), and over $36 billion in public tech exits over the past five years--driven by momentum in fintech, SaaS, and digital innovation. Yet, India remains under-allocated: it receives just 5% of global VC capital despite representing nearly 20% of the world's population. This gap represents an arbitrage opportunity. The firm has garnered substantial interest from institutional investors and family offices in both the US and India, reflecting growing global confidence in India's potential. These stakeholders increasingly recognize India as the next big venture capital opportunity, especially as China-related risks grow and capital looks for alternative high-growth markets. Fund II reflects BAT VC's belief that India is no longer a frontier, but a core allocation for forward-looking global LPs. For more information, visit
Morocco World
12-05-2025
- Business
- Morocco World
Africorp Consortium and UM6P Partner to Drive Morocco's Tech and Scientific Growth
Rabat – In a major step toward strengthening Morocco's innovation ecosystem, Africorp Consortium, a leading industrial and investment group chaired by Saad Berrada Sounni, has entered a strategic partnership with Mohammed VI Polytechnic University (UM6P). The agreement, signed today during the Deeptech Summit 2025, sets the stage for joint research, digital transformation, and sustainable industrial development. The collaboration will focus on AI, industrial optimization, and digital process automation, with plans to establish joint research labs and facilitate technology transfers. The partnership also extends to agriculture, where both entities will develop high-value farming solutions, and mining, with an emphasis on sustainable extraction methods. Education is also situated at the heart of this partnership. Africorp and UM6P will design specialized training programs, support entrepreneurship, and integrate advanced learning technologies to nurture Morocco's future talent. Another key pillar of the agreement is the support for DeepTech startups that align with Africorp's industrial needs. The partners will promote open innovation, encouraging employees to develop new solutions in industrial fintech, data management, and green technologies. Jaafar Harti, CEO of Africorp Consortium, noted the partnership's broader impact. 'This partnership with UM6P reflects our commitment to position Africorp Consortium at the forefront of technological innovation and sustainability, benefiting our industrial, agricultural, mining, and educational sectors,' he said. 'Together, we aim to address tomorrow's challenges while creating value for our nation and our continent.' The deal was signed by Abdellatif Souhail, CEO of Africorp's Industry Division, and Yassine Laghzioui, CEO of UM6P Ventures, marking a new chapter in Morocco's push toward a knowledge-based economy. It comes as Morocco steadily positions itself as a regional leader in tech and innovation. By bridging academia and industry, this partnership looks to accelerate job creation, skills development, and homegrown technological solutions, which are key drivers for long-term economic resilience. Tags: AfricorpDeepTechMorocco DeeptechUM6PUM6P Ventures
