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Israel-India Technology Group launches trilateral fund of $50 mn

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New Delhi, Jan 15 (IANS) Aiming to promote trilateral business opportunities among the US, India, and Israel for advance projects and enterprising ideas, Israel-India Technology Group on Monday has launched a trilateral fund of $50 million.

“We are launching a trilateral investment partnership, a platform which is primarily for the needs and aspirations of the trilateral opportunities,” Dennis Mehta, a member of the Israel-India Technology Group said at the Tech Triangle Summit organised by Nasscom and Indiaspora.

“Our model uses Israel as the supplier of technology, India as a mass market opportunity and the US — which is the third important part of the equation — brings in capital,” he added.

The summit held by Indian IT industry’s apex body Nasscom in partnership with US-based not-for-profit organisation Indiaspora was aimed at building on the strong economic and intellectual engagement between India and Israel, as well as setting another example of the growing convergence, collaboration and cooperation between the US and India.

“While the relationships and collaboration between India, Israel and the US, ranging from economic to socio-cultural exchanges have nurtured mutual ties over several decades, today the three nations are natural allies more than ever before, as they share commonalities as well as complementarities,” said R. Chandrashekhar, President, Nasscom.

“By streamlining intellectual and economic exchange, as well as forging new alliances that foster collaboration, innovation and entrepreneurship, we can create an osmosis of ideas within this tech triangle unlocking the joint potential of the three allies,” he added.

On the same occasion, Nasscom signed an agreement with Israel-based start-up accelerator organisation MassChallenge, along with the Deshpande Foundation, to support a scholarship of $5,000 each for up to 10 Indian startups to help them access MassChallenge Israel’s industry-leading resources and focus on growing their businesses.

“Selected Indian startups will join the other MassChallenge Israel 2018 Finalists for the four-month equity-free accelerator in Jerusalem gaining access to MassChallenge Israel’s award winning accelerator in Jerusalem,” said Israel Y. Ganot, Managing Director, MassChallenge.

During the summit, global management and strategy consulting firm Zinnov and Indiaspora jointly unveiled a report titled “USA-India-Israel — An Ocean of Opportunities” outlining the promising troika of technology, investment and entrepreneurial opportunities across the three markets.

The report illustrated how rapid growth of start-up ecosystems has emerged as a driving force of mutual engagement between the nations and stressed on need to intensify trilateral collaboration to unlock full potential.

–IANS
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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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