Online eyewear firm Lenskart today said it has earmarked about USD 2-3 million to invest in companies that are working on either products or technologies that can help provide affordable eyecare solutions. As part of this strategy, the Ratan Tata-backed firm has invested USD 500,000 (about Rs 3.3 crore) in US-based ThinOptics. "We will invest about USD 2-3 million... These…
The US aircraft manufacturers Lockheed Martin will soon invite innovation ideas from startups through its annual scheme “India innovation growth programme,” meant for startups and university students “The applications for this programme, launched in 2007, will be received from March 21. It looks for startups and university students, who have got innovative ideas. They may be allowed to take their…
Information technology (IT) industry has played a key role in putting India on the global map and has over the years emerged as one of the most significant growth contributors for the Indian economy. While the Indian electronics sector has been witnessing a consistent growth in terms of market size, India lags behind in electronics hardware manufacturing capabilities due to…