Nokia skeptical of mobile-startups but hand-shake with big Corps

“The Business-Simplified” print version from Hindustan Times – Mint, carried an article today of Nokia’s skeptical view towards investments in mobile startups. BlueRun Ventures is a Menlo Park (CA, USA) and is backed by one of the world’s largest handset maker – Nokia. Being backed up Nokia, the viable notion is that they will be more towards mobile and mobile startups but the irony is they are indeed backing away from the mobile sector, specially from startups that targets the mobile value-added services (VAS).
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China has most incubators for innovative start-ups, next to the United States

Recently in China, the Ministry of Science and Technology announced that it has over 548 incubators, the second most in the world next to the United States. They are considered powerful in breeding innovative start-ups. The ministry reported the incubators had helped to raise about 20,000 high technology companies with over 569 garnering an annual revenues of almost $14 million US Dollars. In addition, 53 were listed on either domestic or overseas stock exchanges.
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Venture Capitalist prefer investing in Startups to Stock Market

I was reading the Business & World section of the Hindustan Times and something caught my fancy – VCs prefer start-ups to stock market. The realm of VCs, Angel-funding, Startups is rather new in India and more importantly weird to most of the common Indian masses – be it IT, ITES, Programmers and budding entrepreneurs.

Many overseas Venture Capitalist and Non-resident Indian (including India returned Indians) have realized that investing in Indian start-ups would be far more rewarding than the country’s current booming stock market. This may, in a way, sound rather too optimistic with the fact that the Indian rupee is competing very well with the US Dollar at the moment (the US Dollar is lower than INR 40 at the time of writing this article).

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