SoftBank founder’s brother Taizo Son launches agri-food tech accelerator in India

SoftBank Group’s founder Masayoshi Son’s younger brother Taizo Son has launched an agri-food tech accelerator in India in partnership with Gurgaon-based GSF Accelerator and Indo-Japan business consultancy Infobridge.

Taizo Son’s Japan-based incubator Mistletoe, GSF and Infobridge floated the joint venture accelerator christened as ‘Gastrotope’ in Bangalore on Thursday.

Taizo Son is a tech entrepreneur and a prolific investor in his own right, while his brother Masayoshi Son has earned more fame, money and influence through his aggressive investments across the globe. Since its launch in 2013, Taizo Son’s Mistletoe has made over 90 investments globally that are worth around $160 million. Mistletoe has made three investments in India in startups such as Innerchef, Ninjacart and Kisan Network. Innerchef was started by GSF’s founder Rajesh Sawhney.

Taizo Son founded Mistletoe in 2013. He is also founder of Japan-based mobile gaming company GungHo, in which SoftBank acquired a 51% share in 2013 for $1.53 billion. GungHo bought back most of its shares from SoftBank last year.

The newly launched accelerator Gastrotope will focus on sustainable ideas and models in the ‘farm-to-fork’ value chain. It plans to create an agriculture and food-tech enabled industry ecosystem throughout this value chain and invest in startups that can add value at various stages, starting with farmers and moving to food transportation, processing and delivery to consumption.

“I have always believed that innovation comes from the connecting of diverse dots, and this time, with the bridge between India and Japan, unique solutions to the questions of food and agriculture will arise,” Taizo Son said. “We hope, while working with our partners here, we will become a catalyst for this new movement of farm-to-fork permaculture,” he said.

Sawhney said he will be working on creating a leadership team for Gastrotope. Other details such as the duration, number of startups, launch of the first batch and investment amount are yet to be finalised.

“Gastrotope is borne out of a vision of democratising healthy gastronomy experiences for millions. The food consumption habits are changing globally with a focus on nutrition and wellness and instead of food industrialization, the new goal is all about ‘what we grow’. Gastrotope seeks to play a vital role in catalysing India’s adoption of these trends through the birth of a new agriculture and food-tech ecosystem,” he said.

Besides Innerchef, Sawhney founded GSF that runs three programmes such as an accelerator, an angel network and tech conferences. The GSF accelerator programme has incubated over 40 startups in Delhi, Mumbai, and Bengaluru. Among these, investors have exited five startups, about 40% have raised venture rounds and over 80% have gone on to raise angel funding.

Infobridge has more than 10 years of experience in India, creating a bridge between India and Japanese businesses. It provides consulting and business development services to Japanese in India. The company has brought several Japanese startups to India.

[“Source-vccircle”]

DuPont launches landmark low-emission alternative to Delrin 100 for gear applications

Image result for DuPont launches landmark low-emission alternative to Delrin 100 for gear applications

The launch of DuPont™ Delrin® 100CPE NC010 marks a landmark moment in DuPont’s offering to the automotive sector as well as non-auto gear applications. For sixty years Delrin®100 was the resin of choice for major OEMs and Tier 1’s in high performance gears and particularly in automotive actuators such as window lifters, steering support, safety restraint systems, wipers, and many more. Now, with the launch of this new grade, DuPont can provide its customers with superior environmental performance. In collaboration with a major industry partner, DuPont developed and is implementing the new grade in large scale commercial production.

DuPont is constantly working closely with leading automotive actuator companies on developing innovative solutions. Delrin® 100CPE NC010 is the result of one of these fruitful and longstanding collaborations, out of which was created a new, low-emission resin that outperforms high viscosity polyacetal resins. The thermal properties and high-temperature tensile creep performance of Delrin® 100CPE NC010 are comparable with the state of the art product, and when it comes to low-emission- and molding productivity performance, Delrin® 100CPE NC010 exceeds all expectations.

In this regard, one of the key benefits of Delrin® 100CPE NC010 is its level of

formaldehyde emissions, which is below 2 ppm according to the VDA 275 testing method. This allows compliance with current and future toughest emissions industry norms.

Delrin® 100CPE NC010 is the only high-performance resin with formaldehyde emissions below 2 ppm and strong molding productivity performance, enabling continuous molding for several thousand shots. Using Delrin® 100CPE NC010 leaves a very clean surface with a step change improvement in mold deposit performance versus incumbent solutions resulting in a cost reduction for manufacturers. The smell of formaldehyde during molding is also significantly reduced with the use of Delrin® 100CPE NC010. Its excellent molding performance combined with low emissions renders Delrin® 100CPE NC010 an attractive product for high load and high productivity gears in appliances, furniture and consumer segment.

“Mutual trust is at the heart of sustaining rewarding relationships with customers. They know that we can help them formulate new resins that combine the highest performance requirements for most demanding gear applications. Customers know that they can also rely on our global production capability”, says Lukas Bartek – Global Gears Segment Leader, DuPont Performance Materials.

DuPont is committed to developing innovative solutions for their customers’ main challenges.  By directly working together with customers throughout the entire value chain, and by sharing expertise and pooling resources, DuPont continues to turn out of the box ideas into concrete offerings.

To demonstrate the commitment to its customers and partners, DuPont is an active contributor to the 7th International Conference on Gears 2017, held in Garching near Munich at the Gear Research Centre (FZG) of the Technical University of Munich from September 13th to 15th, 2017.

[“Source-automotiveworld”]

Indian Naval War College launches second international course

The participants of the eight week programme include officers from Bangladesh, Maldives, Myanmar, Oman, Sri Lanka and Indonesia. Naval War College, Goa, is one of the three War Colleges of the Indian Armed Forces.

New Delhi The Indian Navy’s War College at Goa on Monday launched the second international programme for naval officers from friendly foreign countries, an official statement said.

The participants of the eight week programme include officers from Bangladesh, Maldives, Myanmar, Oman, Sri Lanka and Indonesia. Naval War College, Goa, is one of the three War Colleges of the Indian Armed Forces.

The programme, inaugurated by Goa University vice chancellor Varun Sahni, will see the participants deal with international relations theory, geopolitics, concepts of maritime security and strategy, International Maritime Law and management of ocean resources, amongst others.

Stressing the importance of maritime security in nation-building, Sahni said that in a dynamically changing geo-political scenario, there is a need for navies in the Indian Ocean Region to forge stronger ties and collaborate in developing an efficient security architecture in the maritime domain.

The statement said that during the course, participants will be exposed to subject matter experts and eminent speakers and familiarisation visits to the Indian Navy’s operational and training commands.

The participants are also put through simulation exercises on regional security scenarios including Humanitarian Assistance and Disaster Relief (HADR).

 

 

[source=hindustantimes]

Amazon India Officially Launches ‘Local Finds’ Buying, Selling Platform in Four Cities

Amazon India Officially Launches 'Local Finds' Buying, Selling Platform in Four Cities

HIGHLIGHTS

  • Amazon customers can buy and sell new and used goods
  • The company facilities delivery and payments
  • Local Finds was first piloted in Bengaluru earlier this year

Amazon India has officially launched its Local Finds service in India, a platform for customers to find and sell used and new goods to others in their city. Piloted in Bengaluru since earlier this year and spotted in action last month, the service is now live in Chennai, Hyderabad, and Mumbai in addition. Amazon facilitates delivery and payments for Local Finds transactions, something that’s rare to see in the online pre-owned and online classifieds space – a USP of the service with the company picking, packing, and shipping the product.

Through Local Finds, Amazon India customers in the same city can other buy and sell products amongst each other. Product categories include books, fashion, home decor, music, movies, mobiles, laptops, accessories, tablets, and video games. The company boasts that customers are adding “hand crafted and rare products” daily. The Bengaluru pilot saw roughly 600 sellers, and up to launch, it has seen 30,000 customers use the service across all four cities.

To launch Local Finds, Amazon India has an introductory offer with free delivery along with cashback (up to Rs. 100) as Amazon Pay Balance for purchases of certain items, and as an incentive for sellers, it is offering additional earnings of Rs. 500 upon selling five items.

Talking about Local Finds, Mahendra Nerurkar, Director – New Initiatives, Amazon India said, “Through our pilot, we realized that in every city we have customers who have a few products to sell – some want to get value for their used products, others are hobbyists, creators and home entrepreneurs who need to find the right customers for what they collect or create and there are customers who are interested in buying such products. Existing solutions available to such sellers and buyers had gaps – people needed to commute in traffic and meet strangers, this lead to privacy and safety concerns along with precious time and money lost. With Local Finds, we aim to seamlessly connect sellers and buyers, help them quickly list and discover each other’s products and transact tension free with delivery, payments and customer service facilitated by Amazon. We are humbled to see over 30,000 customers sell their products on Local Finds in such a short period of time.”

[“Source-gadgets.ndtv”]