There are over 50 AI startups in India till date. Real Example: vPhrase Idea: It?s meant to help crunch large amounts of information to help scientists or other researchers. Clients can either play for the license or per report, which can be anywhere between US$0.15 to US$37. IP filed: Patent-protected AI product Funding: Venture Catalysts (VCats) AIndra Systems Idea: To improve and enhance governance and productivity of various programs delivered on-the-field, for example: services like Skill training, healthcare -service delivery, financial-services, etc. in diverse remote locations. AIndra is developing an affordable device that can be deployed in resource-constrained settings to assist with screening and detection of cervical cancer. IP filed: With its patent-pending Face-Recognition (FR) technology powering AIndra?s smartphone based product, ?SmartAttendance Enterprise ?? Competition: Top 5 AI systems in the world, that is building a solution to screening and detection of cervical cancer. Funding: Secured backing by?Villgro, the Social Enterprise Incubator focused on funding startups having a social impact. ? Top 4 Questions that an AI startup should ask about IP rights: ?
- Can I protect my idea?
- How can I be certain that this is going to fetch me the competitive edge?
- Duration to get my patent?
- Any GOI incentives?
The Food & Beverage service market is worth INR 2,04,438 crore and is expected to reach INR 3,80,000 crore by 2017. The F&B sector has evolved over the past decade, giving rise to exciting new concepts in food and beverage offerings and new and innovative service elements. Amongst the various segments within the restaurant sector, Quick Service Restaurants and Casual Dining Restaurants constitute the largest categories ? combined they constitute more than 77% of the overall market. The F&B service market is dominated by unorganized segment and although it will decline significantly over the next 4-5 years, it is likely to remain more than 60% of the market. Here is the complete guide to start a food business in India. Start-up process entails complex procedures and many bureaucratic hurdles, entrepreneurs are better off using professional services. Hiring a virtual lawyer and virtual accountant can save time and help ensure that the process goes smoothly. For any Legal and Accounting support, Happy to help you,?talk at?.
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