Gujarat tech ventures among 5 to win funds

April 5, 2015 | AHMEDABAD | The Times of India

As Gujarat emerges as a hub for technology start-ups, two state-based ventures have been selected among the five winners in The Technology Business Incubator (TBI) Pitch Fest 2015, organized by Amrita University in Bangalore. The five ventures will secure funding of USD 150,000 (approximately Rs 1 crore).

The incubator is a non-profit support system founded in 2008 by the Government of India and Amrita University that chooses India's top five start-up companies for funding. This year's event had received over 450 entries. The winners were announced in Bangalore on April 1.

The five winners are Pingbits, StratDecider Analytics Private Ltd, Velnatural Fibers, Shradhanjali and Discover Dollar Technologies. Of the five, Pingbits is based in Ahmedabad and Shradhanjali is based in Rajkot.


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