Brushed DC Motor Market Value Forecasted To Reach US$ 7.2 Billion By 2027: Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Brushed DC Motor Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020-2027”

LOS ANGELES, May 31, 2021 (GLOBE NEWSWIRE) -- The Global Brushed DC Motor Market is expected to grow at a CAGR of around 5.7% from 2020 to 2027 and reach the market value of over US$ 7.2 Bn by 2027.

A brushed DC motor is a type of DC electric motor where a magnetic field is produced by passing a current through a commutator and brush which are inside the rotor, hence these are termed as brushed DC motor in the commercial market. Typically, brushed DC motors have applications across treadmill exercisers, automotive starters, toys, and some appliances. Based on type, permanent magnet brushed DC motors generally used in applications needing fractional horsepower like toys and radio control hobby. Shunt-wound brushed DC motors are typically used in applications that require 5 or more HP like industrial and automotive applications. Series wound brushed DC motors are used in high-torque applications including cranes and winches. Additionally, compound wound brushed DC motors are widely used in generators for industrial and automotive applications.

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Moreover, some of the disadvantages associated with the brush DC motors include high rotor inertia, inadequate heat dissipation caused by the rotor limitations, low-speed range due to limitations imposed by the brushes, and electromagnetic interference (EMI) generated by brush arcing are some of the factors likely to limit the growth of the market over the forecast period from 2020 to 2027. 

The global brushed DC motor market is segmented on the basis of types, output power, application, and geography. Based on types, the market is bifurcated across permanent magnet brush DC Motor, shunt-wound brushed DC motor, series-wound DC motor, and compound-wound brushed DC motor. On the basis of output power, market segments include less than 750W o/p, Between 750W and 75kW, Between 75kW and 375kW o/p, and greater than 375kw o/p. Additionally, brushed DC motors have applications across the process industry and discrete industry. 

On the basis of application, the process Industry is leading the market with maximum revenue share (%) with the inclusion of varied industry verticals including chemicals, paper and pulp, oil and gas, mining, metallurgy, and food and beverage among others. The expanding industrial operation of the aforementioned industry verticals is driving the segmental market value.

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Asia Pacific leading the brushed DC motor market with maximum revenue share (%) in 2019. The region is gaining growth on account of its major developing economies including China and India. The rapidly developing economies are experiencing major growth across the processing industry in terms of huge production coupled with the advanced automation machinery are supporting the growing value of brushed DC motor in the regional market. Additionally, the economic development is boosting the spending power of residents which is another factor driving demand for products directly or indirectly based on brushed DC motor.

Furthermore, Europe follows Asia Pacific in the brushed DC motor market in terms of value (US$ Mn). The presence of major players in the region including ABB Ltd. (Switzerland), Brook Crompton (UK), Dr. Fritz Faulhaber GmbH & Co. KG (Germany), Maxon Motor (Switzerland), Schneider Electric (France), and Siemens (Germany) among others is supporting the prominent share (%) in the market. The continuous involvement of these players in the DC motor market for the advancement in features and for expanding applications across the industry verticals is driving the segmental market value. 

Some of the leading competitors are AMETEK, ABB Ltd., Allied Motion Technologies, Inc, ARC Systems, ASMO, Brook Crompton, Danaher Motion, FAULHABER, Franklin Electric Co., Inc., Johnson Electric, Maxon Motor, MinebeaMitsumi, Nidec Corporation, OMRON, Schneider Electric, and Siemens. The major players are involved in continuous strategic developments like mergers and acquisition, partnership and collaboration, and new product development in order to expand their market share as well as potential applications in the local and international brushed DC motor market. 

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Some of the key observations regarding the brushed DC motor industry include:

• NASA’s Ingenuity Mars Helicopter took flight on Mars on 19th April 2021. This has been the result of years of research and testing from every organization from consumer electronics to government. The launched solar-powered helicopter of 4 lb. has reached a height of 10 ft with the help of six specialized brushed DC motors designed from Maxon motor. The specially designed Maxon motors armed with 10-mm drives to control the pitch of the rotor blades and the direction of flight for the helicopter.
  

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Now Accepting Applications for 2021 Online Program Released by Japanese Cuisine and Food Culture Human Resource Development Committee (Tokyo, Japan)

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Business Wire India

Japanese Cuisine and Food Culture Human Resource Development Committee (JCDC) [https://tow.co.jp/program/]
We are now accepting applications for an online training program to acquire correct knowledge and skills in Japanese cuisine and food culture. Study under a curriculum taught by first-class chefs in your own country using online training. It’s a great opportunity to learn basic techniques in authentic Japanese cuisine and obtain official certification by the Japanese government in a short period of time.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210531005103/en/

 

Application Deadline: June 30, 2021
Online Training: July 25 to November 30, 2021
*Dates are Japan standard time.
*Participants will be selected mainly based on the screening of application documents.
*Schedule is subject to change depending on the situation.

 

[Online Training Outline]

 

• Study the fundamentals of Japanese cuisine via learning materials (videos and textbook) supervised by the Japanese Culinary Academy.
• Those who pass the completion test of the online training can take the exam for Certification of Cooking Skills for Japanese Cuisine in Foreign Countries, Bronze established by MAFF.
• During the training program, trainers from the Kyoto Culinary Art College (partnership school of the Japanese Culinary Academy) will be available to attentively answer participants’ questions.
• If you have an internet connection that enables you to watch the e-learning, you can participate whenever you like.
• All participants will be provided a Japanese kitchen knife, whetstone, and textbook needed for the program (participants must provide their own ingredients).
   

Please check the website for details.
[https://tow.co.jp/program/]

 

 

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Cyble Appoints Regional Cybersecurity Expert Shenoy Sandeep to Expand Footprint in the Middle East, Turkey, & Africa Region

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Business Wire India

Cyble, an AI-powered, Y Combinator-backed, cyber threat intelligence company that empowers organizations with darkweb & cybercrime monitoring and mitigation services, today announced that regional cybersecurity expert Shenoy Sandeep has joined Cyble as the Regional Director - Middle East, Turkey, and Africa (META).

 

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Regional Cybersecurity Expert Shenoy Sandeep joins Cyble as the Regional Director - Middle East, Turkey, and Africa (META). (Photo: Business Wire)

This news follows Cyble’s recent announcement of a USD 4 million seed financing led by Blackbird Ventures and Spider Capital, with participation from Xoogler Ventures, Picus Capital, and Cathexis Ventures. Shenoy brings over 13+ years' experience in the cybersecurity, having advised some of the most critical organizations in the region. A well-known figure in the local cybersecurity community, Shenoy will be responsible for driving growth across the META region by highlighting the true value Cyble provides in the cyber threat intelligence monitoring space.

 

Mandar Patil, VP – International Market and Customer Success at Cyble said, “Shenoy is a reputed regional cybersecurity expert, and I am excited to be working with him. With his ability to understand the cybersecurity threat landscape across the META region, we intend to highlight the sheer visibility that Cyble’s AI-powered SaaS platform, Cyble Vision, can provide in terms of monitoring the attack surface across the deepweb, darkweb, and cybercrime marketplaces. Cyble has seen record growth since its inception, and the company is on the journey towards dominance in the cyber threat intelligence space. Shenoy will engage with the local network of end-users, partners, and existing alliances to spearhead our regional growth activities.”

 

Recently, Vijay Sethi, Digital Transformation and Sustainability Evangelist, has joined the Advisory Board of Cyble. As part of its continued strategic hiring, Cyble has also appointed cybersecurity veteran Maxim Mitrokhin, ex-MD Kaspersky Lab APAC and former GM - APAC for Acronis Asia Pte Ltd. as the Regional Sales Director (SEA, GRC, Korea and Japan) & Channel - APAC. In addition, former General Dynamics Executive James Thornton Joined hands with Cyble as the Regional Director Sales & Customer Success – North America. As Cyble scales new growth trajectories, the addition of cybersecurity experts to Cyble’s leadership team is a critical step in reinforcing the company's sales blueprint and growth strategies globally.

 

Commenting on his appointment, Shenoy said, “I am impressed with what Cyble has achieved in its young startup journey, and I am proud and excited to be joining hands with the company. Cyble has the industry’s most sought-after threat intelligence research team. With a focus on a strategic machine and human analyst-driven threat monitoring offering, we ensure that our intelligence is accurate, risk-driven, and validated before notifying our customers. Aided by a global pool of threat intelligence sensors that now cover the region, the team has been able to receive insights into targeted activity and proactively inform end-users way before cybercriminals cause reputational damage. Having the largest visibility into the darkweb space, I am sure we will add value to our customers in the META region.”

 

“We are aware of Shenoy’s consultative approach in responding to customers’ cybersecurity challenges in the META region. With his extensive experience and reputation as a trusted advisor amongst the local CXO community, Shenoy’s appointment will truly add value to Cyble. The META region compromising of the GCC countries is strategic for us at Cyble, and proactively engaging with customer requirements is our top priority. With a UAE-based entity to manage regional operations, onboarding local talent in the works, and an existing angel investment from Dubai-based Venture capital firm VentureSouq, Cyble's presence in the region will be impactful where everyone benefits within the ecosystem," said Beenu Arora, Founder & CEO of Cyble.

 

About Cyble:

 

Cyble is a global threat intelligence SaaS provider that helps enterprises protect themselves from cybercrimes and exposure in the darkweb. Its prime focus is to provide organizations with real-time visibility to their digital risk footprint. Backed by Y Combinator as part of the 2021 winter cohort, Cyble has also been recognized by Forbes as one of the top 20 Best Cybersecurity Startups To Watch In 2020. Headquartered in Alpharetta, Georgia and with offices in Australia, Singapore, and India, Cyble has a global presence. To learn more about Cyble, visit www.cyble.io.

 

 

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Cybersecurity Firm TAC Security Announced All Employees Will Be Vaccinated by June 30th

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Business Wire India

TAC Security, a San Francisco-based Cybersecurity and Risk & Vulnerability Management Company has announced their entire workforce to be vaccinated by June 30^th, 2021, and extending all possible efforts to get its employees and their dependents vaccinated.

The statement from the company said, "TAC Security’s highest priority is the health and well-being of its colleagues, and in line with this ethos, earlier this year TAC Security announced to cover the cost of Covid vaccines of all employees and their dependents in strict accordance with all Government-approved protocols."

“TAC Security announced Covid-19 insurance for entire employees will be provided by company. The company is extending all possible efforts to get its employees and their dependents vaccinated,” said, Lt. Gen Singha, Director Govt. & Global Affair at TAC Security.

Last year in 2020, TAC Security provided support to their employees Working from Home during pandemic, i:e
 

• Employees working from home; Internet cost paid by the company.
•  Employees working from home; using sanitizers to fight the virus, paid by the company.
• Employees working from home; breakfast to dinner including snacks, the cost paid by the company.
• Employees working from home; traveling to and fro to their respective hometowns, the cost paid by the company.
• By June 30^th entire workforce of TAC Security will be vaccinated and would be able to join the office if required.

IIT Ropar Develops 'AmbiTAG', India's 1st Indigenous IoT Device for Secure Transportation of Vaccines, Blood and Body Organs, Food, Dairy

• IIT Ropar develops "AmbiTAG"- India's first indigenous temperature data logger for the cold chain management
• Nation's first-of-its-kind IoT device for secure transportation of vaccines, blood and body organs, perishable products (food and dairy), etc.
• A step forward for "Atma Nirbhar Bharat."
• Technology Innovation Hub AWaDH will give away the AmbiTag device at production cost for COVID vaccine transportation.

Indian Institute of Technology, Ropar (IIT Ropar) in Punjab has developed a first-of-its-kind IoT device – AmbiTag that records real-time ambient temperature during the transportation of perishable products, vaccines and even body organs and blood. That recorded temperature further helps to know whether that particular item transported from anywhere in the world is still usable or perished because of temperature variation. This information is particularly critical for vaccines including Covid-19 vaccine, organs and blood transportation.

Shaped as USB device, AmbiTag continuously records the temperature of its immediate surroundings “from -40 to +80 degrees in any time zone for a full 90 days on a single charge. Most of the similar devices available in the international market record data only for duration of 30- 60 days”, said AWaDH Project coordinator, Dr. Suman Kumar. He said it generates an alert when the temperature goes beyond a pre-set limit. The recorded data can be retrieved by connecting the USB with any computer. The device has been developed under Technology Innovation Hub – AWaDH (Agriculture and Water Technology Development Hub) and its Startup ScratchNest. AWaDH is a Govt of India project. Prof. Kumar said that the device is certified with ISO 13485:2016, EN 12830:2018, CE & ROHS.

Besides perishable items including vegetables, meat and dairy products it can also monitor the temperature of animal semen during transit. “So far, such devices are being imported by India in a massive quantity from other countries such as Singapore, Hong Kong, Ireland, and China," said Amit Bhatti, one of the founders and directors of ScratchNest.

AWaDH Project Director, Professor Pushpendra P. Singh informed that IIT Ropar Technology Innovation Hub is gearing for mass-production of AmbiTag. “The device will be made available to all companies involved in COVID vaccine transportation from production facilities to the last mile vaccination centers in the country at the production cost of Rs. 400. This device is our small contribution to the Nation for coming out of the never-seen-before-pandemic and a push towards the Atma Nirbhar Bharat”, said Prof. Singh.

'Jobsgaar' - World's 1st Bot on WhatsApp for Hyperlocal Jobs Raises Funds from SucSEED Indovation

Atul Pratap Singh, founder & CEO of Jobsgaar

Jobsgaar, is a multi-platform product for hyperlocal job discovery, aims to mitigate

Job search for migrant population

Hyderabad - 31 May2021 – Jobsgaar Technologies, world’s first hyperlocal job finding platform has secured an undisclosed amount in Fund raise from Hyderabad headquartered SucSEED Indovation Fund and other marquee Angels as part of its Seed round. Jobsgaar started in May 2020 by Atul Pratap Singh, addresses job loss impact due rising migration trends within the country & helps employers seamlessly connect with the workforce at their native place.

This seed round will help Jobsgaar establish the proof of its concept and fund its product development and growth plan. The group of Angel investors includes marquee names like Mr. Rohit Chanana, Mr. Jasminder Singh Gulati, Ms. Poonam Kaul, Mr. Sunil Kamath, Mr. Mandeep Singh & Ms. Gunjan Paharia.

Atul Pratap Singh the Founder and CEO of Jobsgaar said, “We either see masses trooping in large cities in search of work opportunities or likely staying back at their place of origin doing odd jobs forever, driven by necessities. On the other hand, there is a section of employers, small scale businesses, enterprises, MSMEs & millions of other unorganized pursuits who are struggling every day to find a local workforce for their job responsibilities. All of these people rely either upon word of mouth, referrals or verbal commitment or classified ads. Jobsgaar is an endeavour to digitally enable this community of people to connect and minimize the void between a local employer & a primary job hunter.”

Jobsgaar has been focussing on around 15 districts from UP & Bihar to explore the potential. From these towns, we've been able to onboard 10100+ job seekers & 170+ employers with over 6500 connections/conversations in between employers & job seekers. “What is enticing for us is that over 65% of these job seekers are graduates & 14% have a post-graduate or equivalent degree. The candidates with a qualification up to 10+2 stand currently at around 21%. The average age of the job seekers is 27 yrs.” Atul says.

"On the experience front, 37% of the job seekers have experience between 1-4 yrs. while 23% have experience over 5 yrs. 40% of the job seekers in these towns are freshers. On the employer side, 62% of the posted jobs are for the white-collar workforce and only 38% are for the blue-collar workers, which is opposite to a popular belief that the small towns mostly have blue-collar jobs. On average, an employer has posted min. 2 jobs on the platform in a short span of time despite Covid-19 related lockdowns. The avg. the salary offered against these posts is INR 15,500 which is a pretty decent figure.” He added.

According to Boston Consulting Group, there are 90M jobs in India’s non-farm economy and 65% of the graduate workforce is always looking for a job. BCG estimates that the gig economy has the potential to service up to 90 million jobs in India’s non-farm economy alone, transact over USD 250 billion in volume of work, and contribute an incremental 1.25 percent (approximately) to India's GDP over the long term.

He further added that “With our core focus on technology, we’d like to bridge the gap between local workers who move away from their hometowns to earn a livelihood and employers who need to hire workforce without any delay, with a simple solution. This seed fund will help us accomplish this vision.”

Speaking on why they have invested in Jobsgaar, Dhiraj Kumar Sinha, Co-Founder & Partner of SucSEED Indovation Fund, said, “Talent Recruitment is a big challenge in Tier 2 – 4 cities and towns. We believe easy to adopt Jobsgaar’s technology, can lead to re-kindling of localised economies and increase employment by enabling micro entrepreneurs to scout talent effortlessly. This would further ensure that Tier1 Cities are not overcrowded, and job opportunities are made available closer to home”.

Angel Investor Jasminder Singh Gulati said “Enabling job seekers in Bharat, without the complex process of creating elaborate resumes and instantly matching with prospective employers is a critical problem to solve. Being able to do it over WhatsApp makes it even remarkably interesting". He added "COVID19 has driven many to find work closer to their extended families, and Jobsgaar is well placed to make this happen"

Market Potential: Employers today in geographies beyond major cities publish classifieds in vernaculars costing them around 15-20$ or they have an option to hire an HR consultancy (only in tier 2 towns and not in 3 or 4) that will charge them 4-8% of total CTC of the post which exorbitant. Moreover, classified adverts or the consultants will just get you the applications and the employers must dive deep in filtering & shortlisting the candidate. Jobsgaar on the other hand automates this entire process & employers will only have to speak to the shortlisted candidates & finalize.

About Jobsgaar: New Delhi based Jobsgaar was started in May 2020 by Atul Pratap Singh, with a vision to create an impact on migration trends within the country & help employers seamlessly connect with the workforce at their native place.

Problem(s) that Jobsgaar is addressing: - Workforces in India move outside their district of birth or residence for work opportunities—be it for semi formal or formal jobs. The migration starts from villages to the large city centers, surpassing their own birth districts, driven by necessity. - On the other hand, the businesses/small enterprises/ MSME’s & millions of unorganized players struggle to find ‘local workforce’ and rely heavily upon word of mouth & classified ads. This ‘void’ between the local employer & workforce needs to be filled by digitally enabling them to connect. To know more visit jobsgaar

About SucSEED Indovation Fund: SucSEED Indovation Fund is an AIF Cat-1 Venture Capital Angel Fund with 100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyd Foundation. General Partners and Team members of Indovation Fund have 100+ years of cumulative experience within technology, fund management, and startup ecosystem and have already invested in 45+ companies and is a team of proven Industry leaders in Tech & Entrepreneurship, venture capital investment, risk management, and funds and transaction management, joined together for the sole purpose of bringing tech innovation to the market with their engagement and growth mentoring. To know more visit SucSEED Indovation Fund.

TCS Partners Washington-based LACChain To Develop A Blockchain Ecosystem In Latin America And The Caribbean

Tata Consultancy Services (TCS) has announced yesterday that it has partnered with LACChain, a Global Alliance led by the Innovation Lab of the Inter-American Development Bank (IDB Lab) to develop the blockchain ecosystem in Latin America and the Caribbean. 

LACChain's purpose is to encourage the use of Blockchain/DLTs in countries of Latin America and the Caribbean.

Headquartered in Washington, the LACChain alliance collaborates with technology partners and ecosystem actors to create blockchain platforms, standards, and marketplaces to innovate and co-create life-changing solutions for people who are vulnerable and affected by economic, social or environmental factors.

TCS will leverage its deep domain knowledge across industry verticals, technological expertise, and research and innovation to create a marketplace of blockchain solutions in the areas of healthcare, energy, education and financial services. The partners will focus on coming up with a range of solutions to address the urgent need of healthcare systems – such as decentralized vaccination distribution platforms and immunity passport for safe travel – which will also aid in reviving the economy and ensuring safe travel.

TCS and LACChain will create blockchain solutions to enable collaboration between academics and companies to create a skills marketplace and revive the job market in the geography. In the financial services field, it will address inefficiencies in payments and settlements to offer faster settlements and financial inclusion for every citizen. The solutions will also drive the adoption of renewable energy while reducing the cost per unit, creating an abundance of energy for the people.

Irene Arias Hofman, CEO, IDB Lab, said --

This partnership with TCS brings to LACChain, an international consulting firm with wide experience in the development and implementation of technology. We believe that TCS’ expertise will be a very relevant contribution to the working groups on blockchain infrastructure and digital identity, and we welcome with excitement their desire to help us to continue developing the blockchain ecosystem in Latin America and the Caribbean.

Anupam Singhal, Business Head, Banking and Financial Services, TCS, said --

Our purpose-led approach, powered by our investments in research and innovation, ability to successfully leverage ecosystems and harness contextual knowledge, makes us the preferred partner to Inter-American Development Bank, in creating a positive impact in our society. The partnership serves a greater purpose of social and economic development in the region.

Bibel TV Extends Capacity Agreement with SES on ASTRA 19.2 degrees East

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Business Wire India

The Bibel TV Foundation, Germany’s leading Christian-oriented free-TV station, has extended its partnership with SES in a new multi-year contract that secures additional capacity for the Foundation to broadcast its channel on SES’s satellites in its prime TV neighbourhood at ASTRA 19.2 degrees East.

 

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Bibel TV Extends Capacity Agreement with SES on ASTRA 19.2 degrees East (Photo: Business Wire)

With this multi-year agreement, viewers in the region will be able to receive Bibel TV’s full programming 24 hours a day. Bibel TV will broadcast via ASTRA 19.2 degrees East in SD and HD, giving Bibel TV access to a wider audience across broadcast standards.

 

"During the pandemic and times of social distancing, people are increasingly seeking refuge and stability in their faith. Bibel TV streams Germany's largest church services directly into living rooms, giving people the ability to actively practice their faith, even if they are unable to attend a physical church service. We are delighted that the continued distribution of our programming via SES’s ASTRA satellites will give many people the opportunity to access our TV channel," said Beate Busch, Program Director and Deputy Managing Director of Bibel TV.

 

"As the leading satellite TV provider in Germany, we pride ourselves in delivering content to homes in best picture quality, whether in SD or HD standards. Our partnership with Bibel TV underscores the importance of live broadcasting, as thanks to the power of satellite and its ability to broadcast to millions in the moment, viewers of Bibel TV will be able to stay connected with their churches in a safe and reliable way," said Christoph Mühleib, Managing Director of ASTRA Deutschland, part of SES.

 

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About SES

 

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,200 channels and has an unparalleled reach of 361 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

 

 

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COMPUTEX 2021 Virtual: Month-Long Exhibition Showcasing the Tech Ecosystem Now Open

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Business Wire India

COMPUTEX kicked off this year’s month-long #COMPUTEXVirtual on May 31 with James Huang, TAITRA Chairman, highlighting the not-to-be-missed events. Michelle Johnston Holthaus, Intel Executive Vice President, Chief Revenue Officer, discussed accelerating digital transformation and how to release a new era of innovation when the world is most looking forward to innovation. On the same day, Arm CEO Simon Segars discussed the role of technology in the post-pandemic. Using examples from Arm's ecosystem partners, Segars demonstrated how technology could be a remarkable force for good that will be critical to the world’s recovery and create a more sustainable and secure future. Breaking away from traditions, COMPUTEX 2021 Virtual is an all-virtual exhibition, using AI platforms and leading the way to create a prosperous technology ecosystem.

 

“COMPUTEX was born in the 1980s when the technology industry took off. At that time, together with entrepreneurs from around the world, Taiwan pursued disruptive innovation and created an industry supply chain that paved the way for the Internet and digital economy that we have today. It has been one year into the pandemic, and we continue to push forward with innovation and navigate in the new normal. As Taiwan stands at the center of the global technology ecosystem, we will never cease to build, connect, integrate, innovate, and push forward with the latest technologies. Today, I am honored to announce the opening of #COMPUTEXVirtual. No matter where we are, let COMPUTEX connect us for a better future,” said James Huang, TAITRA Chairman.

 

COMPUTEX 2021 Opening Keynote by Intel is led by Executive Vice President and Chief Revenue Officer Michelle Johnston Holthaus with the theme of "Innovation Unleashed". Intel talks about sustainability awareness of enterprises under the raging global pandemic and how we continue to work with global partners to promote digital transformation; Intel not only response to the global market demand quickly and flexibly with the IDM 2.0 business model, but it also continues to promote innovation with 5G and its Open Architecture. We will also unveil new products leading in performance and enrich people’s user experience.

 

Arm CEO Simon Segars’ keynote titled “Sparking the World’s Post-Pandemic Recovery” demonstrated how technology can be a remarkable force for good that will be critical to the world’s recovery and create a more sustainable and secure future. The combination of computing in the age of AI will accelerate how we tackle complex challenges surrounding climate change, security, and equitable access to technologies and connectivity. Segars indicated that long-term investments in research and development are the key to shaping that future. Arm has invested significant resources in its next-generation architecture. Armv9 will enable partners to solve hard problems in the next decade of compute related to security, compute efficiency, and AI-enabled services, all while fighting climate change at the same time.

 

A Variety of Events for an All-New Virtual Experience

 

COMPUTEX 2021 Virtual offers live demonstration of the latest solutions on 5G, AI & IoT, Edge Computing, High-Performance Computing (HPC), Gaming, and Innovations and Startups.

 

The month-long online exhibition also includes a variety of events, including the #COMPUTEXVirtual online exhibition, COMPUTEX CEO Keynote, COMPUTEX Keynote, COMPUTEX & InnoVEX Forum, and COMPUTEX Matchmaking, giving attendees direct access to the leading tech manufacturers and the latest technology trends. The exhibition also enables the exhibitors to effectively seize business opportunities through the online matchmaking platform.

 

The #COMPUTEXVirtual online exhibition features Tech Insights, Virtual Displays, Matchmaking and Networking, and Hyper-Personalized Recommendations. #InnoVEXVirtual, the exclusive exhibit for startups, offers vibrant synergy on the other hand. #COMPUTEXVirtual is now open until June 30 midnight. Register now for free at: https://virtual.computextaipei.com.tw/

 

For more updates:

 

COMPUTEX website: https://www.computextaipei.com.tw/
InnoVEX website : https://www.innovex.com.tw/

 

About COMPUTEX TAIPEI (also called COMPUTEX):

 

Established in 1981, COMPUTEX is one of the leading global ICT, IoT, and startup tradeshows with a complete supply chain and IoT ecosystems. Co-organized by the Taiwan External Trade Development Council (TAITRA) and Taipei Computer Association (TCA), COMPUTEX, based upon Taiwan’s complete ICT clusters, covers the whole spectrum of the ICT industry, from established brands to startups and from ICT supply chain to IoT ecosystems. With strong R&D and manufacturing capabilities and IPR protection, Taiwan is a strategic destination for foreign companies and investors looking for partners in global technology ecosystems. Follow COMPUTEX on its website at www.computextaipei.com.tw and Twitter @computex_taipei using the hashtag #COMPUTEX.

 

About COMPUTEX 2021 Virtual:

 

As a pioneer in technology, COMPUTEX has been at the forefront in embracing digital transformation. In 2021, the show will go online. Together with the key global technology players, the organizer of COMPUTEX, Taiwan External Trade Development Council (TAITRA) introduces #COMPUTEXVirtual (including its global startups and innovations showcase #InnoVEXVirtual), an AI-driven virtual platform, and aims to deliver an exceptional virtual exhibition experience beyond the distance.

 

About TAITRA:

 

Founded in 1970, TAITRA is Taiwan's foremost nonprofit trade promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Headquartered in Taipei, TAITRA has a team of 1,300 specialists and operates 5 local offices in Taoyuan, Hsinchu, Taichung, Tainan and Kaohsiung, as well as 63 branches worldwide. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

 

 

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Conversation Intelligence Platform Convin Raises Rs 2.5 Crore from Titan Capital, 9 Unicorns

Ashish Santhalia (CEO)

31st May 2021, New Delhi: Convin, a startup specializing in conversation analysis for remote and inside sales teams, has announced that it has raised Rs 2.5 crore in a pre-seed round of funding led by Titan capital and 9Unicorns. Several marquee investors, including Kunal Shah, founder of Cred, Abhishek Goyal-Founder of Tracxn, Ramakant Sharma - Founder of Livspace, Sunder Nookala-Founder of Huminos, and Rajesh Razdan-Founder of Devtron Labs, also participated in the round. The Bengaluru-based startup will use the funds to develop its products and build the core team to achieve product-market fit.

Convin has been co-founded by IIT Delhi Alumni Ashish Santhalia (CEO), Atul Shree (CTO), Durgesh (CPO) & Bharat Patidar (COO). It enables sales professionals to learn from their own conversations. It allows managers to review the conversations and share feedback with the team at scale. It further helps leaders to become proactive in their strategic approach towards sales and products.

According to Ashish Santhalia, while working on a new product line at a B2B SaaS company, he realized that sales conversations with prospects has tremendous potential to help the entire org learn & do better. But organizations were missing out on this because of lack of realization of the same and inability to analyze conversations at scale. The conviction towards the problem only grew when he worked at a B2C company with a large sales team. This led to the birth of Convin.

Ashish says that "We have analyzed about 1.5 million minutes of conversations till now, providing enormous value to users & enabling them to do their job better. The goal is to empower one million salespeople with the power of AI to learn from their own conversations and close bigger, better & more sales. We are glad to be backed by top VCs, and the fund will help us to move closer to our goal."

Bipin Shah, Partner at Titan Capital, said, "We are happy to partner with Convin and its very enthusiastic team. The platform that aims at enabling organisations to make use of their customer conversations effectively holds a huge potential to thrive in the current market scenario."

Anuj Golecha, Co-Founder, 9Unicorns, said, "We are delighted to support a high-potential venture such as Convin that is leveraging advanced analytics and intelligence to enhance the efficiency of the sales teams. The brand's value proposition allows for the seamless gleaning and sharing of valuable insights mined from the analyses of recorded conversations. Sales teams can then use these insights to sharpen their strategies to maximize conversion rates and yield superior dividends. The innovative product and the strong founding team behind the startup give us confidence in our investment in the company. We are committed to providing Convin with strategic guidance and empowering it to unlock greater growth opportunities in its entrepreneurial journey. We wish the Convin team continued success."

Convin has worked across different companies in different domains to be able to see how important it is to understand customer conversations for building an organization that is fundamentally different from others.

IESE: Corporate Venturing in Deep Tech on the Rise in East and Southeast Asia

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Business Wire India

• 77 innovation leaders took part in IESE Business School’s new report, revealing their biggest challenges innovating with deep-tech start-ups
• Japan, South Korea, mainland China, Singapore, Hong Kong and Thailand are the East and Southeast regions with the highest adoption rate of corporate venturing
• 71% of analyzed companies expect to increase their collaboration with deep-tech start-ups during the next 5 years 

 

IESE Business School releases today a new report on corporate venturing in deep tech in East and Southeast Asia, which finds that the region’s largest companies are stepping up their collaborations with start-ups at the cutting edge of technology.

 

The study covers the regions of Hong Kong, Indonesia, Japan, mainland China, Singapore, South Korea, Taiwan, Thailand and Vietnam, and looks at how companies are working with start-ups on the frontlines of innovation.

 

“Deep tech refers to emerging technologies based on scientific discoveries or engineering innovations, seeking to tackle some of the world’s fundamental challenges–encompassing work in expanding fields such as artificial intelligence, biotechnology, blockchain, robotics, and quantum computing,” co-authors Josemaria Siota and Prof. Mª Julia Prats explain in the report.

 

The study found that among the analyzed companies, corporate venturing – the practice of established companies innovating with start-ups – has increased 2.8 times in the past five years, while deep-tech cooperation has gone up 4.2 times.

 

This growth puts East and Southeast Asia ahead of Latin America but still behind the United States in terms of corporate–start-up innovations among corporate giants. On average, East and Southeast Asia have a 57% adoption rate of corporate venturing, compared to Latin America with 40% and the United States with 90%.

 

The study also looked at obstacles to this type of cooperation. Based on 77 interviews, the study identifies seven areas that keep chief innovation officers up at night, ranging from technology evaluation, corporate short-term view over deep-tech start-ups, silos between R&D and corporate venturing teams, regulation, to top-down innovation approach.

 

The report is being released in Hong Kong at the Corporate Innovation Summit organized by the Hong Kong Science and Technology Parks Corporation (HKSTP), which is discussing corporate innovation trends and best practices.

 

More on the study’s findings.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210530005010/en/

IDEMIA Enters the Japanese Payment Cards Industry as It Launches Its First Banking Card

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Business Wire India

As the global leader in Augmented Identity, payment card issuance and payment solutions, IDEMIA (Japan office: Shibuya-ku, Tokyo, Vice President of Japan Sales: Nezu Nobuyoshi), today announced that it will provide dual-interface credit cards to financial institutions in Japan that are compliant with the JIS2 standard and certified by Visa, JCB and other brand schemes. The cards are embedded with a JIS2 standard – an embedded surface magnetic stripe on the card, to deliver enhanced security and contactless payment services to end-users.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210530005019/en/

 

(Photo: Business Wire)

IDEMIA has delivered the contactless dual-interface cards to Fintech issuers such as UPSIDER, Inc, and major issuers including Toyota Finance Corporation in Japan to expand and scale rapidly.

 

“We are proud to be able to deliver our first contactless card that is compliant with the JIS2 standards. We are also proud to work with major issuers and Fintech issuers in Japan to meet the evolving needs of the Japanese consumers. With its global footprint and expertise in payments, IDEMIA is well positioned to support the market evolution and fast growing Fintech demand. We will continue to enhance the security and contactless features to our payment cards used by financial institutions all around the world,” said Mr. Nezu Nobuyoshi, Vice President of Japan Sales, IDEMIA.

 

Issuers in Japan can also integrate IDEMIA’s contactless cards with IDEMIA portfolio of smart digital solutions, such as Smart PIN to get their card PIN issued through digital channels or Smart Instant Issuance to get their card delivered instantly at the branch or in-store. Consumers can also benefit from IDEMIA Connect, which simplifies the card activation experience with a simple tap of the card on the phone.

 

IDEMIA has also developed and expanded in its global offerings for financial institutions, such as GREENPAY, its end-to-end sustainable portfolio for financial institutions, and the Fintech Accelerator Card Program which supports Fintechs and neobanks to deploy innovative card and digital payment solutions rapidly around the world.
 

About IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space. Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.

For more information, visit www.idemia.com / Follow @IDEMIAGroup on Twitter

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210530005019/en/

Bangkok Gems & Jewelry Fair (BGJF): Asia's Largest Jewellery Virtual Trade Fair to Be Organized on 22-24 June 2021

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Business Wire India

The Bangkok Gems & Jewelry Fair (BGJF), one of the largest gems and jewellery trade fairs in the world, will be held virtually between June 22-24, 2021, under the name of “BGJF Virtual Trade Fair (the 66^th Special Edition)”.
 
This BGIF Virtual Trade Fair will feature products with latest innovation, many up-and-coming artisans and designers, exquisite pieces of the world's top craftsmanship and nationally-renowned manufacturing companies as well. It will serve as an online platform for gems and jewellery trading and networking, where buyers and exporters from all over the world will be able to conduct businesses and build long-term trading relationships despite the COVID-19 restrictions.
 
Moreover, key players in the industry, including Thai Silver Exporters Association, Department of International Trade Promotion (DITP), Ministry of Commerce and other related agencies can provide useful and necessary information to assist businesses and individuals in their buying process.
 
Thailand, one of the main Jewellery exporters in Asia is renowned for its jewellery resources, design, manufacturing​ and exquisite craftsmanship. In the recent years, Thai silver jewellery has gained popularity as it is more affordable compared to other metals such as gold and platinum. The export value of Thai silver jewellery from January-March 2021 is totaled at 371.30 million USD, an increase of 6.46 percent from the same period of last year, mainly driven by higher demand and sales volume according to the Department of International Trade Promotion (DITP). The industry is forecasted to see a rise in exports of silver jewellery and accessories throughout 2021.
 
In addition, silver goes well with casual, traditional, western or professional attire and men have developed their liking for silver jewellery such as bracelets, chains, rings, etc., making it a leading favorite for jewellery lovers and savvy collectors. The versatility makes it more complimentary to mixing and matching for those who seek to create interesting and distinctive look.
 
Consumer appetite for jewellery and accessories, which has been dampened by COVID-19 pandemic has started to increase due to the dynamic of the industry and changes in consumer behavior. One of the main indicators is the value of the global jewellery market, which is expected to rise from USD 230 billion in 2020 to USD 292 billion by 2025 according to Statista.com.
 
Gems and jewellery industry in Thailand offers flexibility in terms of OEM services from sourcing, designing, packaging to manufacturing. Buyers are able to address their demands, quality, quantities and budget, enabling it to be a major jewellery trading hub in Asia. One of the country’s main export markets is India, with an export value of 143.97 million USD from January-March 2021. Apart from silver jewellery and accessories, Indian market is the third largest buyer of Thai colored gemstones due to their fine craftsmanship, competitive price and excellent quality.

Accio Robotics, A 100X.VC’s Portfolio Firm, Receives Fresh Funding Led by Founder’s Room Capital and CIO Angel Network

This funding round was led by Mr. Uday Sodhi, Co-Founder of Founder's Room Capital along with other marquee investors including Mr. Jignesh Kenia, Mr. Utpal Doshi, Mr. Girish Jain, Mr. Pankaj Bhargava, and other investors from angel investors from CIO Angel Network.

India, 31st May 2021: Accio Robotics, a robotics automation company focused on designing and manufacturing autonomous mobile robots has raised a fresh round of funding from marquee angel investors. The funding round was led by Mr. Uday Sodhi, Co-Founder of Founder's Room Capital along with other marquee investors including Mr. Jignesh Kenia, Mr. Utpal Doshi, Mr. Girish Jain, and Mr. Pankaj Bhargava, and other investors from angel investors from CIO Angel Network.

Accio Robotics, founded by Tuhin Sharma and Pranav Srinivasan, alumni of Vellore Institute of technology (VIT) launched in 2020 and is a 100X.VC Class 03 Portfolio company. Accio is building autonomous mobile robots that is capable of carrying out material handling of goods from one point to another without human intervention.

Tuhin Sharma, Co-Founder of Accio Robotics said, “This fresh round raised by Accio Robotics is a great step in the right direction for our company. The trust and the faith shown by our investors in us only gives us more confidence to build a successful deep tech company in the Indian ecosystem. This investment will not only help us strengthen our product development efforts, but will also provide a platform for Accio to be able to penetrate a wider market with much more widespread impact.”

Material handling is an extremely wasteful and non-value added process in any industry, and Accio Robotics aims to make this process as efficient as possible, by spending the least amount of capital using their robots. Their products are best suited to industries such as warehousing, manufacturing, pharma, packaging, FMCG, and e-commerce and are designed to operate and function in a conventional India shop floor.

Commenting on the announcement, Mr. Uday Sodh, Co-Founder, Founder's Room Capital said,

Accio Robotics is an exciting startup in the Autonomous Mobile Robot space. We at Founders Room Capital believe in backing smart and passionate founders in high-tech areas with huge market potential. AMRs is a need for every manufacturing and logistics company that is looking to reduce costs and improve efficiency through automation. We were really impressed by Tuhin and Pranav and the product that they are building.

Mr. NinadKarpe, Partner at 100X.VC said, “We are delighted to be the first institutional investor in Accio Robotics, which will simplify and disrupt the way in which material handling will happen across a range of industries from warehousing and hospitals to office parks. At 100X, we fund and nurture path-breaking startups and Accio Robotics, with its unique technology is well placed to become a pioneer and leader in the Autonomous Mobile Robot space”

Accio Robotics is an on-demand automation company that provides automation for material movement processes across industries. Accio aims to enable industry-wide automation adoption by manufacturing and deploying state of the art hardware and software automation solutions. Autonomous robots built by Accio help in cutting the lead times and also helps in aiding humans as well as at the same time reducing human error when deployed in incidental tasks.

AUSIS - AI Based Dynamic and Personalized Risk Underwriting Automation Platform by Artivatic

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Business Wire India
Insurance businesses asses risk by means of rules, and understanding for every new application that needs insurance. This practice is going on for decades. This is fair practice to apply set of rules to assess the risk and provide acceptance/rejection decision.

As the insurance industry undergoes a mammoth shift, the effects are being felt across every major process. Companies have made large-scale investments in modernizing and evolving claims and processing platforms. Underwriting being a crucial function in evaluating and analysing the company’s financial performance is increasingly gaining the traction of businesses.

The need for a process evolution with market dynamics evolving at a rapid pace, let’ have a close look at the key factors propelling the insurance industry to advance their underwriting function:

Rise in data: 80% of the data received by underwriters is unstructured, residing in the form of emails, PDFs, forms, and images. Extracting meaningful information from these data sources and documents proves to be a herculean task. It dials down the efficiency of the underwriting team while increasing the processing time and potentially weakening risk assessment. Not only structural data but also using 3rd party data like environmental, social, digital, location, govt. databases, crime data, sanitation, health devices etc are challenge to the existing underwriting system to dynamically build underwriting models.

Higher customer expectations: With the advent of new technologies, the display of an omnichannel (or channel-agnostic) behaviour by customers has become prominent. Insurers are compelled to deploy digitally adept methods to set new benchmarks of quality and keep up with customer expectations. They require ways to minimize the customer waiting time that consumes at least 95% of the insurance application processing time. The current systems lacks of personalized premium, benefits and coverages.
 
The average insurer has 10 to 14 core systems installed. One multinational insurer had more than 80 core systems. This complexity means creates processes too slow, and chances of innovation reduces. Estimates vary, but it is not uncommon for insurers to spend up to 80% of their IT budget on maintaining legacy systems.

Reasons to transform

At its heart, underwriting is a decision-making process bound by time and information. And like any assessment process, depriving underwriters of the time they need to apply their knowledge and insights is to risk selection, and pricing often leads to suboptimal choices that manifest through an adverse claims experience.

In addition to making better underwriting decisions, efficient processes also benefit the ultimate decision maker: the customer. Transparent, simple, seamless processes and better-quality decisions all increase customer satisfaction, whether it's for the end customer or the insurance broker who influences their decisions.

AUSIS is enabling Underwriting Transformation for Life Insurance & Health Insurance using AI & 3^rd Party Data

AUSIS is an AI Based Smart Underwriting system that either can connect to an existing legacy system to enhance or make it intelligent or allows to have end to end new age UW system for STP & NSTP processes to become simple, seamless, efficient, data driven, customer centric, faster and automated.

AUSIS by Artivatic allows businesses for:

 

• Ability to capture real-time customer data (wearables data, environmental data, govt, social media etc.) and perform risk assessment basis both historical and real-time data
• Ability to perform facial analysis to estimate smoking, gender, BMI and other information for better risk scoring
• Automated risk assessment across 1200+ parameters (financial, social, kyc, health, bureau, behaviour, activities, govt etc)
• Automated verification of all data points, documents extraction (printed, medical, finance, handwritten etc.), signature along with compliance reporting
• Rich decision-making aptitude due to learnings from processing over 2 Mn+ insurance policies and 200K+ Claims. Provides propensity to early claims.
• AUSIS is next-gen Smart Underwriting Cloud that will enable to connect, integrate and existing or 3rd party apps, APIs for end-to-end process
• Embedded Insurance: Artivatic allows embedded underwriting to various non-traditional platforms using AI & Simple onboarding journey
• Alternative Underwriting: Artivatic collects and builds document less underwriting process for insurance to issue policies with no too many documents
• Intelligent workflow and 3rd party data layer integration to smoothen process, intelligence, risk and digital insurance

 
AUSIS is live more than 10+ Large Insurance corporates in India, APAC & USA.

AUSIS helps Insurance Businesses in:

 

• Reducing TAT up to 90%
• Enabling data intelligence up to 80%
• Improving efficiency up to 60%
• Reducing cost up to 45%
• Reducing risk up to 30%
• Personalized Risk Profiling
• Help in increasing STP from NSTP up to 20-25%
• Automating documents extraction/verification up to 90%
• Medical Robo Advisory for medical risk assessment
• Scoring and credibility analysis
• Use of devices, interactions, sanitation, weather, AQI, Mortality, social, digital, and more data to build non-invasive health/social/profile risk indicators
• Automating onboarding process up to 90%
• Increase better customer experience up to 70%
• Embedded Insurance to connect to non-traditional platforms like Travel, Pharma, marketplace, ecommerce etc

Future of Smart UW

 

• 360 comprehensive UW with all data connectors, data layers and decisioning process using AI
• Unified UW platform for all processes including pricing, personalization, embedded distribution, medical examination, PIVC, TeleMER as just with 1 Click setup
• Integrate 3rd party apps, systems with just one click for better risk decisions, reducing early claims and enhancing data driven pricing
• Use with help of APIs or via modular platforms on top of existing systems or use independently.

IBM India’s Volunteer Teams Honored for Contributing to Sustainable Education during COVID

IBM (NYSE: IBM) is recognizing three teams from India in its annual Volunteer Excellence Awards for their innovative work in making education more accessible during the pandemic being innovative in their community volunteering during 2020.

The initiatives and people being recognized include a 10-person team providing remote mentoring for girl students, a 43-member team that recorded audiobooks for visually challenged learners, and a 12-person team conducting webinars for technology students to sustain education projects during Covid lockdowns.

The IBM teams recognized from India are part of 15 IBM volunteers or winning teams from 25 countries who were selected worldwide. The organizations associated with each winner will each receive a grant from IBM of USD $10,000 to expand the work started by the IBM volunteers.

The winners are just some of the IBMers in the area who joined thousands of their IBM colleagues who logged 1.25 million hours of community service worldwide last year.

“The Volunteer Excellence Awards recognizes the contributions of those who have truly gone above and beyond in their duties. I’m proud that three of our teams have been selected this year which is a testament to the selfless commitment of our volunteers in driving societal change. We are continuing these efforts during the second wave, with over 2000 IBM volunteers working around the clock to help IBMers, their families, and the community. We have formed volunteer squads to take requests for hospital beds, ICUs, oxygen requirements, ambulances, medicines, and more and direct them towards verified and available resources. These squads help save lives by quickly triaging requests and ensuring they are matched to resources available nationally,” said Manoj Balachandran, CSR Leader, IBM India/South Asia.

This year’s winners are from Argentina, Austria, Brazil, Canada, China, Czech Republic, Finland, Germany, Hong Kong, India, Ireland, Israel, Italy, Japan, Netherlands, Poland, Portugal, Romania, Singapore, Slovakia, Spain, Taiwan, Turkey, United Kingdom, United States, and Vietnam.

IBM India’s GoodTech initiative focuses on supplementing India’s skilling efforts through programs that can be delivered online as well as through traditional methods. Today, we reach over 10 million learners in India through our good tech initiatives, skilling engagements, collaborations with clients and partners.

Since 2005, IBM's Volunteer Excellence Award has recognized IBMers who best exemplify values of dedication, innovation, and trust through their volunteer efforts with not-for-profit organizations or schools.

Govt Launches 'YUVA', An Author Mentorship Programme To Train Young and Budding Authors

• Government launches YUVA - Prime Minister’s Scheme For Mentoring Young Author
• Young Writers to pay tribute to heroes of India’s freedom struggle to mark celebrations of India @75

The Ministry of Education, Department of Higher Education today launched YUVA- Prime Minister’s Scheme For Mentoring Young Authors, an Author Mentorship programme to train young and budding authors (below 30 years of age) in order to promote reading, writing and book culture in the country, and project India and Indian writings globally.

The launch of YUVA (Young, Upcoming and Versatile Authors) is in tune with PM’s vision to encourage young writers to write about India's freedom struggle. It was during Mann ki Baat on 31 January 2021, Prime Minister Shri Narendra Modi called upon the young generation to write about freedom fighters, incidents associated with freedom, the saga of valour during the period of freedom struggle in their respective areas - as the best tribute to the heroes of India's freedom - as we celebrate 75 years of Indian Independence.

"This will also prepare a category of thought leaders that will decide the course of the future”, said PM.

YUVA is a part of India@75 Project (Azadi Ka Amrit Mahotsav) to bring to the fore the perspectives of the young generation of writers on themes like Unsung Heroes, Freedom Fighters, Unknown and Forgotten Places and their role in National Movement, and other related themes in an innovative and creative manner. This scheme will thus help to develop a stream of writers who can write on a spectrum of subjects to promote Indian heritage, culture and knowledge system.

The National Book Trust, India under the Ministry of Education as the Implementing Agency will ensure phase-wise execution of the Scheme under well-defined stages of mentorship. ​The books prepared under this scheme will be published by National Book Trust, India; and will also be translated into other Indian languages ensuring the exchange of culture and literature, thereby promoting 'Ek Bharat Shreshtha Bharat'. The selected young authors will interact with some of the best authors of the world; participate in literary festivals etc.

NEP 2020 has emphasized on the empowerment of the young minds and creating a learning ecosystem that can make the young readers/learners ready for leadership roles in the future world. In this context, YUVA will go a long way in laying the foundation of the future leaders of the creative world.

Highlights of YUVA (Young, Upcoming and Versatile Authors):

• A total of 75 authors will be selected through an All India Contest to be conducted through https://www.mygov.in/ from 1 June - 31 July 2021.
• The winners will be announced on 15 August 2021.
• The young authors will be trained by eminent authors/mentors.
• Under the mentorship, the manuscripts will be readied by 15 Dec. 2021 for publication.
• The published books will be launched on 12 January 2022 on the occasion of National Youth Day (Yuva Diwas).
• A consolidated scholarship of Rs.50,000 per month for a period of six months per author will be paid under the Mentorship Scheme