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Innovation In the Wellness Sector

Lately, there is an escalation in the number of medical cases due to an unhealthy lifestyle, absence of physical workouts, and non-conventional food habits. This makes the Indian wellness industry, a very big prospect in terms of revenue and target market. India has an unmatched heritage represented by its ancient systems of medicine. Indian systems of medicine and homoeopathy particularly Ayurveda and Yoga are widely recognised for their comprehensive approach to health and are effective in both prevention as well as curation of a disease.

India is the second largest exporter of Ayurvedic and alternative medicine in the world with the wellness market of worth INR 490 Billion. The demand for Ayurveda, Yoga, Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) and herbal products is surging in India and abroad. India has 6200 indigenous herbal plants and its vast reservoir of natural flora, fauna, ancient texts and knowledge have made it an authority in the field of AYUSH. The country’s vast AYUSH infrastructure comprises of 736,538 registered practitioners, 26,107 dispensaries and 3167 hospitals in public sector, 501 undergraduate colleges with annual intake of 28,018 students, 151 centres for postgraduate[ education with annual admission of 3504 scholars and 8896 licensed drug manufacturing units.

The Government of India has set up a dedicated Department of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) with the aim of providing stimulus to the ancient healthcare system. The Indian system of Ayurvedic medicine and homoeopathy continue to be widely used. The recent patents filed in the wellness industry in India are:

1). 201617032677

Title: SYSTEMS METHODS AND ARTICLES FOR ENHANCING WELLNESS ASSOCIATED WITH HABITABLE ENVIRONMENTS

Assignee: DELOS LIVING LLC

Publication Date: 20 Jan 2017

Abstract:

Environmental characteristics of habitable environments (e.g. hotel or motel rooms spas resorts cruise boat cabins offices hospitals and/or homes apartments or residences) are controlled to eliminate reduce or ameliorate adverse or harmful aspects and introduce increase or enhance beneficial aspects in order to improve a “wellness” or sense of “wellbeing” provided via the environments. Control of intensity and wavelength distribution of passive and active Illumination addresses various issues symptoms or syndromes for instance to maintain a circadian rhythm or cycle adjust for “jet lag” or season affective disorder etc.. Air quality and attributes are controlled. Scent(s) may be dispersed. Noise is reduced and sounds (e.g. masking music natural) may be provided. Environmental and biometric feedback is provided. Experimentation and machine learning are used to improve health outcomes and wellness standards.

2). 201711021610

Title: A SYSTEM AND METHOD FOR REAL TIME ASSESSMENT OF WELLNESS AND HEALTH INSURANCE

Assignee: eExpedise Technologies Private Limited

Publication Date: 4 Aug 2017

Abstract:

The present invention provides an integrated system to expedite the risk assessment process at the time of issuance of policy, and determine the premium based on several preventive care initiatives of individuals at the time of issuing health insurance policy, wherein the system identifies list of options for services, provides a score, makes a decision on issuance of policy, calculates the premium amount and relays the information to a user or proposer. Further, the system provides services selected from the group consisting of details of service provider, underwriting, claim adjudication, suspicious profile management, wellness advisory, predictive analysis, cost of the service based on health records and the user selects at least one option from provided list of options.

3). 201727033542

Title: METHOD FOR STRESS MANAGEMENT AND OVERALL HEALTH STATUS IMPROVEMENT AND COMPOSITIONS USED THEREIN

Assignee: OMNIACTIVE HEALTH TECHNOLOGIES LIMITED

Publication Date: 10 Nov 2017

Abstract:

Carotenoid compositions are described for management treatment and/or prevention of stress by reducing cortisol levels and/or improving distribution and/or density of macular pigment and thus improving overall health status. More particularly a subject in need thereof for the method has disturbed macular pigment optical density or increased levels of cortisol as markers of psychological and physiological stress. Methods are also described of administering macular carotenoid compositions in daily doses of at least or about 0.005mg/kg body weight of lutein and at least or about 0.001mg/kg body weight of meso zeaxanthin and zeaxanthin isomer along with at least one food grade excipient and evaluating overall health status. The composition may be derived from plant extract containing xanthophylls and/or xanthophylls esters. The composition also reduces cortisol levels in the blood and relieves physiological stress thus improving overall health status of a subject in need thereof.

4). 201747033855

Title: SYSTEM, DEVICE AND METHOD FOR REMOTELY MONITORING THE WELL BEING OF A USER WITH A WEARABLE DEVICE

Assignee: KONINKLIJKE PHILIPS N.V

Publication Date: 6 Oct 2017

Abstract:

Systems devices methods for providing a speech pattern as a metric of well being system for remotely monitoring the wellbeing of a patient are disclosed. In one exemplary embodiment a system can include at least one wearable device that is configured to collect body sensor data and speech pattern data associated with a patient wearing the device and analyze the data to determine if the patient’s emotional well being is compromised. In some exemplary embodiments the wearable device can be configured to send an alert to at least one caregiver device that indicates the patient’s emotional well being is compromised. The wearable device can also be configured to send recommendations on courses of action to alleviate the condition.

5). 201727025770

Title: BEHAVIORAL ANALYSIS TO AUTOMATE DIRECT AND INDIRECT LOCAL MONITORING OF INTERNET OF THINGS DEVICE HEALTH

Assignee:  QUALCOMM INCORPORATED

Publication Date: 29 Sept 2017

Abstract:

The disclosure generally relates to behavioral analysis to automate monitoring Internet of Things (IoT) device health in a direct and/or indirect manner. In particular normal behavior associated with an IoT device in a local IoT network may be modeled such that behaviors observed at the IoT device may be compared to the modeled normal behavior to determine whether the behaviors observed at the IoT device are normal or anomalous. Accordingly in a distributed IoT environment more powerful “analyzer” devices can collect behaviors locally observed at other (e.g. simpler) “observer” devices and conduct behavioral analysis across the distributed IoT environment to detect anomalies potentially indicating malicious attacks malfunctions or other issues that require customer service and/or further attention. Furthermore devices with sufficient capabilities may conduct (local) on device behavioral analysis to detect anomalous conditions without sending locally observed behaviors to another aggregator device and/or analyzer device.

6). 201717026255

Title: EXERCISE DEVICE

Assignee: TE3 OY

Publication Date: 17 Nov 2017

Abstract:

The invention relates to a device (100) for performing exercises comprising a housing (105) a deviation sensor (140) for detecting a deviation of said housing (105) from an equilibrium and a control unit (110) coupled to said deviation sensor (140) arranged to count deviations from the equilibrium.

7). 201717031179

Title: METHOD AND SYSTEM FOR REAL TIME VISUALIZATION OF INDIVIDUAL HEALTH CONDITION ON A MOBILE DEVICE

Assignee: RATH Matthias W.

Publication Date: 24 Nov 2017

Abstract:

A method and technology to display 3D graphical output for a user using body sensor data personal medical data in real time is disclosed. A consolidated methodology to bring user meaningful life information based on real time sensor results analysis expert Q&As “What if scenarios and future emulation all in one artificial intelligence expert system is described. A unique rendering of 3D image of ones organ cell or subcellular level display related to one’s health condition can be visualized on a graphical user interface of a devices or devices. The change of the display from one level such as from organ to cell or cell to subcellular level or vice versa is enabled is disclosed.

 

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Innovative Electrical Machines

Electrical machines have a wide range of applications. The variability in their sizes, flexibility of use and high efficiency confers several advantages for their use in vehicles, generation of renewable energy e.g wind power generators, aircrafts, automations, domestic appliances etc.

The Electrical Machinery Equipment Industry wants to make India the country of choice for the production of electrical equipments and has a set target of USD 100 billion. To achieve the target, the Electrical Machinery equipment industry of India is focusing on Research & Development; lowering of custom duties on a range of equipments; setting up of the Electrical Equipment Skill Development Council (EESDC);  the establishment of electrical equipment industry clusters; the enhancement of product-testing infrastructure in the country; an increase of shares in the export market and financial support.

Indian manufacturers are becoming more competitive with respect to their product designs, manufacturing and testing facilities. The market-oriented reforms and huge demand for power generation and transmission will increase the demand for electrical machinery in future.

With a large pool of available human resources, adequate workforce, increasing scope of direct exports to neighbouring countries, Indian Electrical Machinery Equipment Industry is a favourable investment destination. Moreover, delicensing of electrical machinery industry by the government has facilitated the entry of major global players in India.

Factors fueling to the growth of Electrical Machinery Industry:

  • Capacity creation in sectors such as infrastructure, power, mining, oil and gas, refinery, steel, automotive and consumer durables.
  • Significant Business opportunities due to nuclear capacity expansion.
  • Rapid increase in infrastructure investment and industrial production.

The research works in the industry are aimed at developing innovations that widen the applications of electrical machines and improve their efficiency. The recent patents filed in the Electrical machinery industry in India are:

201717024825

Title: ELECTRIC MACHINE STATOR WITH LIQUID COOLED TEETH

Assignee: PRIPPELL TECHNOLOGIES LLC

Publication Date: 13 Aug 2017

Abstract:

A system for cooling the teeth of an electric machine stator. The stator includes a stator core that may be formed of a plurality of laminations. Each lamination has a plurality of back iron apertures a plurality of tooth tip apertures and a plurality of elongated apertures. When the laminations are assembled to form the stator core the back iron apertures align to form back iron inlet channels and back iron outlet channels and the tooth tip apertures align to form tooth tip cooling channels. The elongated apertures are L shaped and connect the back iron inlet channels and back iron outlet channels to the tooth tip channels. Cooling fluid may flow for example axially through a back iron inlet channel azimuthally and radially inward through an elongated aperture to a tooth tip axially along a tooth tip channel and to a back iron outlet channel through another elongated aperture.

2). 201737019753

Title: ELECTRICAL ROTATING MACHINE WITH ONE SIDED COOLING AND METHOD FOR ONE SIDED COOLING

Assignee: SIEMENS AKTIENGESELLSCHAFT

Publication Date: 15 Sep 2017

Abstract:

The invention relates to an electrical rotating machine comprising a stator (1) a rotor (8) and a turbomachine (7) which is provided to cool the electrical rotating machine on the one side wherein the stator (1) comprises a laminated stator core (2) a front stator winding head (5a) and a rear stator winding head (5b) wherein the rotor (8) comprises a rear rotor winding head (6b). In order to improve cooling during the one sided ventilation in particular with respect to the prior art with regard to a uniform temperature distribution it is suggested that the laminated stator core (2) comprise channels (9a 9b) extending in the axial direction which are provided to cool the rear stator winding head (5b) with a second cooling air flow (14) generated by the turbomachine (7) wherein at least one first channel (9a) is provided to guide a second cooling air flow (14) generated by the turbomachine (7) through the laminated stator core (2) to the rear stator winding head (5b) wherein an air guide (4) which is fastened to the laminated stator core (2) on the side of the rear stator winding head (5b) is provided to bypass the second cooling air flow (14) via the rear stator winding head (5b) wherein at least one second channel (9b) is provided to guide the second cooling air flow (14) back from the rear stator winding head (5b) through the laminated stator core (2) wherein at least two radial slits (11) arranged in the axial direction which are arranged radially between the channels (9a 9b) running in the axial direction and an air gap (3) between the laminated stator core (2) and the rotor (8) and are connected to each other are provided to cool the laminated stator core (2) in particular the stator windings and/or the rear rotor winding head (6b) wherein the axial distance between the radial slits (11) to the side of laminated stator core (2) which faces away from the turbomachine (7) is reduced and is provided to compensate for a temperature gradient caused by one sided cooling.

3). 201717015346

Title: ELECTRICAL MACHINES WITH SMC CORES

Assignee: GKN SINTER METALS ENGINEERING GMBH

Publication Date: 13 Oct 2017

Abstract:

An electrical machine is disclosed. The electrical machine has a first part and a second part the first part moveable relative to the second part. One of the first part and the second part has a plurality of cores for current carrying windings. Each core is of soft magnetic composite material (SMC) and is shaped to be no wider at its ends than along its length

4). 201717002556

Title: ELECTRICAL MACHINE

Assignee: LIMANSKIY Valentin Grigoryevich

Publication Date: 9 June 2017

Abstract:

The invention described herein belongs to the category of electric motors and power generators and may be used, in particular, to generate electric and mechanical energy. The objective of the invention described herein is to expand the area of application, to reduce costs and to increase the specific power and efficiency of the electric machines. This electric machine comprises a rotor and a stator with winding coils and a control device. Stator winding coils are made as a system of radial and/or tangential coils connected in series and/or back-to-back; each coil has its own electric terminals. The control device can connect its electric contacts to the terminals of the corresponding stator winding coils in order to provide a chain control of electric current supply to the corresponding stator coils and thus to create, at each point in time, a pre-determined stator magnetic field in the electric machine, whether a rotating or a reciprocating one, depending on the spatial position and the magnetic condition of the rotor that performs rotating or reciprocating motions. The invention can be applied in the power industry, the transport industry, mechanical engineering, the construction industry, astronautics, and other fields of technology.

5). 201627034515

Title: ELECTRIC MACHINE

Assignee: FEAAM GMBH

Publication Date: 28 Oct 2016

Abstract:

Disclosed is an electric machine comprising a stator (1) and a rotor (21) that is mounted so as to be movable in relation to the stator the stator being provided with a plurality of slots (2) for receiving a stator winding. Exactly one conductor portion (3) of the stator winding is inserted into each slot. The conductor portions (3) are mutually short circuited in a short circuiting means on a first side (5) of the stator and are made as a single piece with said short circuiting means. On a second side (6) of the stator the conductor portions (3) are each connected to a terminal of a power supply unit (8) supplying adequate phase currents.

6). 201637027428

Title: ELECTRICAL MACHINE HAVING A FRAME AND SLEEVE

Assignee: SIEMENS AKTIENGESELLSCHAFT

Publication Date: 4 Nov 2016

Abstract:

The invention relates to an electrical machine (1) comprising a rotor (4) which is rotatably mounted around a rotation axis (5) extending in the axial direction (3) in bearing devices (16 17) a stator (7) having two axial ends an air gap between rotor and stator an interior chamber (10) encompassing the stator (7) and rotor (4) a sleeve (11) encompassing a first part (111) which encloses the interior chamber (10) a frame (12) having a first (123) and a second (121) longitudinal support (123) a first (122) and a second (124) cross support and a dividing device (2) on the frame (12). The stator (7) comprises a fastening device (15) for connection to the frame (12) and the dividing device (2) can make the interior chamber accessible from the outside in a plane parallel to the frame (12). The invention further relates to a collection to a frame (12) to a sleeve (11) or to a service or production method of such an electrical machine (1).

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INNOVATIONS IN FOOD PROCESSING SECTOR

Innovations in food technology sector goes in accordance with the consumer demand for healthy and safe food and while simultaneously improving the quality and shelf life of the food product. The food industry is at present interested in some of the novel food processing technologies that improves the quality of food but at a low cost. The major industries constituting the food processing sector are grain milling, sugar, edible oils, beverages, fruits & vegetables processing and dairy products.

India has a rich agriculture resource and was ranked No.1 in the world in 2013 in terms of production of Arecanut, Bananas, Castor oil seed, Chickpeas, Chillies & Peppers dry, Ginger, Lemons & limes, Mangoes, Mangosteens, guavas, Millet, Okra, Papayas, Pigeon peas, Meat- buffalo, Milk-whole fresh buffalo & goat, Ghee, butter oil of cow milk, Ghee of buffalo milk and sesame seed. India ranks second in the world in the production of Anise, fennel, coriander, beans-dry, cabbages and other brassicas, cauliflower & broccoli, Egg plants (aubergines), Garlic, Groundnuts with shell, Lentil, Onions dry, Peas green, Potatoes, Pumpkins, Squash and Gourds, Rice/Paddy, Safflower seed, Sugar cane, Tea, Tomatoes, Wheat, Meat-goat, Milk whole fresh cow. Further, India is at third position in the production of Cashew nuts, with shell, Coconuts, Lettuce and chicory, Nutmeg, mace and cardamoms, Pepper (piper spp.) and Rapeseed.

India’s strategic geographic location and its close vicinity to food-importing nations makes India favourable for the export of processed food products. A total of 127 agro-climatic zones have been identified in India. Moreover, 42 Mega Food Parks (MFP) are being setup in India with an investment of USD 2.38 billion. The parks have around 1250 developed plots with basic enabled infrastructure that entrepreneurs can take on lease for the setting up of food processing and ancillary units. With an extensive network of food processing training, academic and research institutes, the cost of skilled manpower is relatively low in India as compared to other countries.

In order to promote innovations in food processing sector, Central and state governments have instated attractive incentives like capital subsidies, tax rebates, depreciation benefits, and reduced custom and excise duties for processed food and machinery.

Food processing is recognised as a priority sector in the Make in India policy and is one of the major employment oriented segments in India. With the growing awareness and concern for health and wellness, consumers are experimenting with different  cuisines, tastes and new brands paving the way for new investment opportunities in the food processing sector. The recent patents filed in the Food processing sector in India are:

1). 201747035342

Title: INTELLIGENT FOOD COOKING MACHINE

Assignee: WANG Aiqun

Publication Date: 17 Nov 2017

Abstract:

Disclosed is an intelligent food cooking machine comprising a rack (1) a bowl storage mechanism (2) a distributing and fetching mechanism (3) a pushing mechanism (4) a microwave heating mechanism (5) and a delivering and lifting mechanism (6). The intelligent food cooking machine is combined with a coin feed device and a change device; a bowl filled with food is taken out from the bowl storage mechanism (2) via the distributing and fetching mechanism (3); when the bowl is put in a lower stop position of the distributing and fetching mechanism (3) the pushing mechanism (4) pushes the bowl into the microwave heating mechanism (5) to perform heating treatment; after the food in the bowl is heated the pushing mechanism (4) re pushes the bowl onto the delivering and lifting mechanism (6) and the bowl is delivered to a bowl fetching window (14) via the delivering and lifting mechanism (6) so that a process of intelligently heating the food and selling the food is realized; and the intelligent food cooking machine is simple in structure and convenient to use.

2). 201747039730

Title: FOOD PREPARATION APPARATUS AND METHOD

Assignee: KONINKLIJKE PHILIPS N.V.

Publication Date: 17 Nov 2017

Abstract:

Disclosed is a food preparation apparatus (100) comprising a food preparation compartment (101); a dielectric sensor (120) in said food preparation compartment a data storage device (130) storing food seasoning data as a function of a dielectric constant of the food product said food seasoning data relating to a plurality of condiments to be added to the food product; and a processor arrangement (110) coupled to said dielectric sensor. The processor arrangement is adapted to determine a dielectric property of a food product in the food preparation compartment from sensor data provided by said dielectric sensor; retrieve food seasoning data for the food product corresponding to the determined dielectric property from the data storage device; and for each condiment of said plurality generate a seasoning instruction signal for adding an amount of said condiment of said plurality to the food product based on the retrieved food seasoning data until all condiments of said plurality have been added to the food product. A method of automatically generating seasoning instructions for adding a plurality of condiments to a food product during preparation of the food product is also disclosed.

3). 201611009273

Title: VISCOUS FOOD PRODUCT GRINDING AND DISPENSING SYSTEM

Assignee: Trade Fixtures, LLC

Publication Date: 21 Nov 2017

Abstract:

A viscous food product dispensing system having a transport section for receiving a particulate food product from a bin, an auger for processing and conveying the received particulate food product from the transport section into an outlet adapter via one or more flutes, a milling device housed in the outlet adapter, and a discharge nozzle in the outlet adapter that pinches off the viscous food product created by the milling device. The auger has a unique design that allows it to engage and break whole nuts.

4). 201722017362

Title: FOOD PRODUCTS AND PROCESSES FOR PREPARATION THEREOF\

Assignee: SHIRODKAR, Jyoti

Publication Date: 17 May 2017

Abstract:

The present disclosure relates to pre-mixed barley based compositions comprising barley, cereals, pulses, spices, dry fruits and flavoring agents. The ingredients are present in pre-determined proportion to each other. Various food products can be prepared from the pre mixed barley based compositions, which can be consumed by healthy individuals as well as individuals suffering from obesity, dyslipidemia, diabetes, cardiovascular diseases, and the like. The present disclosure also provides a process for preparing the pre-mixed barley based compositions.

5). 5034/CHE/2015

Title: METHOD AND SYSTEM FOR AUTOMATIC END-TO-END PREPARATION AND MANAGEMENT OF FOOD

Assignee: Vishnu Gurusamy Sundaram

Publication Date: 27 April 2017

Abstract:

The embodiment herein provide a method and system for providing an integrated cooking machine, which automates the process of cooking completely and support connected operation in the cooking such as share recipes, order recipes and even support connecting with the ingredient supplier ecosystem for ordering the required items. Thereby eliminating several food processing machines and even to the extent of removing kitchen in a house. The system includes electro-mechanical components for performing the cooking operation, which is driven by electronic circuits fed by programs that make this operation happen. The programs are stored in the device or downloaded from the cloud platform, which authenticates these machines and provide the required information. The system also has intuitive interface on the device to create recipes. The system is also configured to measure the output parameters of the food.

6). 2774 / MUM / 2014

Title: AUTOMATIC FOOD COOKING MACHINE

Assignee: MAHAVIR BABULAL, Suthar [IN/IN]; (IN).

BABULAL DOLATRAM, Suthar [IN/IN]; (IN)

Publication Date: 3 March 2016

Abstract:

The present invention relates to automatic cooking machine, without any human interaction. In the present invention, full Indian dish including roti / paratha, sabji, dhal and rice is processed, cooked and served in dishes automatically. In the present invention, all vegetables are controlled by the microcontroller / PLC system. It is about multiple different recipes saved in program and customized. Food cooking machine is eco-friendly & eco-user. The present invention is self cleaning and sterilizing which is controlled by microcontroller / PLC and all media of communication.

News

https://economictimes.indiatimes.com/industry/cons-products/food/indias-food-processing-sector-may-attract-33-billion-by-2024-study/articleshow/61737009.cms

http://ibnservice.com/2017/12/04/food-processing-and-packaging-equipment-market-growth-rate-survey-2017-2022/

https://www.ruralmarketing.in/industry/agriculture/food-processing-product-conformity-global-standards-logistics-will-boost-growth-says-study

http://www.fnbnews.com/Top-News/consumption-of-ultraprocessed-foods-increasing-in-canada-finds-study-41466

https://timesofindia.indiatimes.com/city/hyderabad/patanjali-group-signs-mou-to-set-up-

food-processing-unit-in-telangana/articleshow/61659829.cms

 

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Series A Financing

 

What are we aiming at GOLDILOCK Economy for Our Business Startup which will take into account the challenge I would like to UNDERPIN. We want best of everything. Knowledge is always outside our comfort zone. Unicorn business model takes into account economic growth of the country as the startup provide job opportunities, low inflation rate, more employment to the GEN X population who are very intelligent in many ways. The holistic view of the contextual experience is increase in asset price of the intellectual property created by the individual creative mind.

There are peaks and troughs in fund-raising journey of a startup business. Startups go through multiple rounds of financing to raise investment in order to cover business expenses based on escalation of company’s valuation.

HOW to evaluate Business Growth?

In case of mobile app innovation what is the frequency of usage of the user spending time on the mobile application.

After the business has shown some of a track record, and when company is generating some revenue (though it might not be net profit), Series A funding is a critical stage in optimization of product and services and for the growth in customer base. The ultimate goal of series A round of financing is to cover up the expenses involved in carrying out additional market research and finalization of the product or service that the company is introducing in the market.

The company is still in the product development stage so the risk involved in the series A round of funding is the highest and Series A funding is commonly offered in the form of preferred stock and may have anti-dilution provisions in case more financing is given, in the form of common stock or preferred stock, in the future.

In an increasingly competitive marketplace, many startups are unable to impress investors to get Series-A funding because of multiple reasons like the venture failed to demonstrate their ability to grow; the team failed to build the skill-sets and competitiveness; lack of Intellectual property that can give the company an unfair advantage; lack of market validation or a poor product or service.

Preparation is the key to everything. Startups should align their thoughts and conversations with the investors perspective for getting follow-up meetings after the initial interaction with the investors. The following things should be kept in the mind:

  1. To excel in the game of series A financing, a company should be well-versed with the investment criteria of an investor. Different investors have criteria of investing in a venture.Some may give more weightage to market sentiments while some other may give to the team.  
  2. Have a sound knowledge of the investment scenario of different sectors. This will help you understand the investor’s view of your sector and you will be in a better position to seek investment for your venture.
  3. There should be synergy in your venture and the portfolio companies of the investor. This will help the investor understand the relevance of investment in your venture.
  4. Be clear on what you seek from the investor beyond the money and how they may add value to your venture.
  5. Eight BEST Funding Opportunities

Crowdfunding                                                                                                                       

The digital era has opened your world to more than a market. Through the crowdfunding sites, you can pitch your business to strangers and ask for funding. At the crowdfunding platform, lay out your business idea and give a detailed description of what the business is, your profit making plans, how much money you expect to raise, and why you need to raise funds via the platform.Companies that raise funds via crowdfunding platforms have been able to increase their profitability since the platform benefits entrepreneurs in two ways; through the funds raised and through the marketing that products receive. Since crowdsourcing is a competitive funding option, your business must be rock solid and appealing to customers and investors.

Using venture capitalists

Venture capitalists are professionals who invest in companies with high potential for growth. To get the attention of a venture capitalist, your business model should show potential for rapid growth and the ability to disrupt the market. 

Venture capitalists only invest in startups with extremely high potential for big returns on investments. As a result, venture capitalists evaluate the sustainability and the scalability of any business they consider investing in. To get a venture capitalist interested, you should have a disruptive product as well as a big market that will result in faster and bigger returns on investments.

You should also note that venture capitalists offer mentorship and their expertise once they sign up with you. Therefore, if you believe that your business is competitive and able to attract a venture capitalist’s interest, ask for their funding. You should be willing to give up a percentage of your company.

Angel investors

Did you know that Google, Alibaba, and Yahoo got investments from angel investors? Angel investors are individuals who invest in potentially profitable businesses with their surplus disposable income. Before investing in your company, the angel investors will screen your business to ascertain its worth and the potential for growth.

Just like venture capitalists, angel investors invest in a stake of your company but they offer mentorship. Their propensity for high risk businesses is what determines if your business is taken up or not.

Winning business competitions

While repaying your debt consolidation loan, you should take advantage of your business’ potential by getting into contests. Most of these competitions require business plans and the entrepreneur with the best idea wins a big sum of money. The funds won should be injected into the business for better investment returns.

Most of these competitions are broadcast in the media. Besides winning the reward money, you will benefit from free marketing. People remember the winning business and this gives your business a great head start.

Funding from business incubators and accelerators

There are numerous funding opportunities in the market. However, to know about them and to benefit from them, you should be open-minded and aggressive. Search online or ask around for business incubators and accelerators. Business incubators provide shelter tools, network, and training just as parents do to their children while accelerators help businesses take the giant leap. To benefit, you must be willing to commit time, develop good networks and learn from your mentors, investors, and fellow entrepreneurs.

Government funding programs

The government supports local entrepreneurs. To reduce unemployment and to encourage self-dependency, the government has instituted departments to aid in sharing funds to the most innovative businesses. Businesses ideas that promise societal growth besides high profits always get a higher priority.

Online peer to peer lenders

Besides angel investors, there are groups or individuals online who often provide affordable loans to persons in search of affordable and unsecured loans. Though you will be servicing the debt consolidation loan, the loans from peer to peer lenders are affordable and if you are confident that you can repay the two loans comfortably, then you should take it up.

Bootstrapping

This is also called self-funding. It is an effective funding option when you are starting out and when you have savings. Besides personal savings, you can also ask your friends and family for funding. Though resources are stretched under bootstrapping, your business will be attractive to investors later on. Knowing that you build a business by yourself inspires confidence.

7 Simple Ways You Can Protect Your Idea From Theft

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COMPILATION OF TECHNOLOGY EXCHANGE AND LICENSING PLATFORMS

COMPILATION OF TECHNOLOGY EXCHANGE AND LICENSING PLATFORMS

Licensing refers to a business setup in which one company gives another company the permission to manufacture its product for a specified payment.

A non-comprehensive assortment of technology exchange and licensing platforms exists in India and other countries. Compilation of Technology exchange and licensing platforms is administered by governmental or intergovernmental organizations and is open to multiple technology providers.

For each technology exchange or licensing platform, compilation provides a specification of its goals and organizational framework as well as a hallmark of key features.  

India – FreeTech Forum and Technology Database of the Council of Scientific and Industrial Research (CSIR) – Central Food Technological Research Institute (CFTRI)

Established by the Government of India, CSIR-Central Food Technological Research Institute (CFTRI) is an R&D institution that focuses on the development and dissemination of food science technologies. Many of the technologies and processes developed by CSIR-CFTRI have been successfully transformed to Small or medium sized enterprises (SMEs) and to industry.

CSIR-CFTRI has a FreeTech Forum that offers technologies free of cost inorder to encourage the manufacturing and entry of these products in the market thereby promoting entrepreneurship.  

1. Council of Scientific and Industrial Research (CSIR) is responsible for hosting and administering the exchange or licensing platform of Central Food Technological Research Institute (CFTRI). Government institutions; academic institutions (university); research institutions; enterprises (SMEs); industry participate in this exchange or licensing platform of Central Food Technological Research Institute (CFTRI) as suppliers or consumers. Technology exchange and licensing Research capabilities are the services offered through the exchange or licensing platform of Central Food Technological Research Institute (CFTRI). The technologies offered or requested on the platform belong to Food Science.

2).  India – India SME Technology Services Ltd. (ISTSL)

Small Industries Development Bank of India (SIDBI), State Bank of India (SBI), Oriental Bank of Commerce (OBC), Indian Overseas Bank (IOB), Indian Bank are the organizations responsible for hosting and administering technology exchange platform India SME Technology Services Ltd. (ISTSL).

India SME Technology Services Ltd. (ISTSL) provides opportunities to micro, small and medium enterprises (MSMEs) at the global level for new and emerging technology, as well as to establish potential business collaborations.

Government institutions; enterprises (SMEs); innovation support centers; financial institutions; private sector are the participants of the technology exchange platform India SME Technology Services Ltd. (ISTSL) as suppliers or consumers.

Technology exchange and knowledge exchange are the services offered through the technology exchange platform India SME Technology Services Ltd. (ISTSL). The technologies offered or requested on the platform belong to Agriculture, Agroindustry; Chemical Industry; Construction, Mining, Transport; Electrical, Electronics, Telecommunications; Energy; Environment; Food; Industrial Logistics, Services; Measurement, Control, Instrumentation; Machinery, Equipment; Materials, Coating; Medicine, Pharmaceuticals; Metal, Metalworking; Plastics, Glass, Rubber; Paper, Wood and Textile.

The India SME Technology Services Ltd. (ISTSL) provides access to updated information on sources of technologies available from different countries through a large computerised database.

To link and offer the critical elements of technology and finances for the small and medium enterprises (SME sector), Small Industries Development Bank of India (SIDBI) has established a Technology Bureau for Small Enterprises (TBSE) in collaboration with the United Nations Asian Pacific Centre for Transfer of Technology (UN-APCTT).

3) India – The Innovation Technology Platform

The Innovation Technology Platform addresses the challenges of technology and innovation in India with a focus on connecting Nordic companies and institutions working in technology areas such as energy, water, waste, climate change and related environment sectors with Indian companies and is administered by Infrastructure Leasing and Financial Services Ltd (IL&FS) Group.

The Innovation Technology Platform allows the technology developers, solution seekers, government authorities and research and development institutions to interact with each other.

Government institutions; academic institutions (universities); research institutions; enterprises; private sector participate in the Innovation Technology Platform.

The Innovation Technology Platform provides the following services: Technology exchange and licensing; Exchange of knowledge and know-how Funding mechanism through the IL&FS Environment and Infrastructure Innovation Fund in the technology areas of Air and Environment; Energy Efficiency; Energy Infrastructure; Green Energy; Urban Habitats; Waste and Recycling; Water and Wastewater.

Reference:- http://www.wipo.int/edocs/mdocs/mdocs/en/cdip_20/cdip_20_10.pdf