IoT Current Affairs - 2019

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Startup and Innovation policy of Tamil Nadu

The government of Tamil Nadu has released Startup and Innovation policy 2018-2023 with a mission of providing an enabling and innovative ecosystem for startups registered in the State and to make Tamil Nadu a ‘Global Innovation hub for startups’ by 2023.

Objectives of the Policy

The core objectives of the Startup and Innovation policy 2018-2023 are:

  • Creation of at least 5000 technology startups of which at least 10 global high growth startups in social impact sectors.
  • Infrastructure support to strengthen existing mechanism in areas like the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML) and Software as a Service (SAAS)

Components of the Policy

The important components of the Startup and Innovation policy 2018-2023 are:

  • The policy aims to collaborate with educational institutions to promote entrepreneurial spirit, reduce existing regulatory and tax burden on startups in the field of labour, pollution and building norms.
  • The policy aims to partner with reputed investors across the globe to bring investment to the Tamil Nadu startups.
  • The policy envisages nurturing aspiring entity or individuals (defined as ‘Start Steps’) who develops a potentially scalable business model that can generate wealth and employment.
  • Entrepreneurship Development Institute of India (EDII) will act as a nodal agency to promote and facilitate startups.
  • Tamil Nadu Startup and InnovaTN Mission (TANSIM) headed by a full-time officer will advocate and oversee policies and programmes for promoting startups.
  • Tamil Nadu Startup Seed Grant Fund (TNSSGF) of Rs 50 crore with an allotment of Rs 5 crore in the first year in partnership with financial institutions and universities for supporting early-stage financing requirements of the startups in the form of grants to fill the gap in fund requirement for research & innovations.

Implementation of the Policy

The government of Tamil Nadu has set a 5-point action plan for implementing the policies. It includes:

  • Creating ecosystems for encouraging innovations.
  • Ensuring resources availability to Startup ecosystem.
  • Enabling skill development and job creation.
  • Supporting social entrepreneurship.
  • Establishing global accessibility and partnerships.

Definition of the Start-up

The policy lists the following criterions to be recognised as the start-up in Tamil Nadu:

  • Registration under Tamil Nadu Startup and InnovaTN Mission (TANSIM).
  • Date of incorporation less than 7 years (less than 10 years in case of biotechnology, AI and ML startups).
  • Registration and turnover less than Rs 25 crore in any of the financial years.

The policy aims for a minimum of 1,00,000 high skilled job creation, direct and indirect, in the Startup Ecosystem.

Month: Categories: StatesUPSC

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Marathon: Roscosmos to venture into Internet of things (IoT) with the launch of new satellite system

Russia’s state space corporation (Roscosmos) has planned to venture into Internet of things (IoT) with launch of new satellite system named ‘Marathon’. The new satellite system will be part of Russia’s Sphere satellite constellation, which will be fully established by 2026. The number of satellites in Marathon system are not revealed yet. The federation’s GLONASS navigation, a satellite communication system and data relay satellite set-up will be other equipment in the constellation.

Background

Russian President Vladimir Putin has approved Sphere constellation project, which involves the construction and deployment of 640 satellites. There are several segments of the satellite communication. USA’s Iridium has been long operating successfully on voice satellite communications market. OneWeb and Starlink dominate broadband Internet segment. IoT is the third segment of the satellite communication. Work in this segment will be successful if services are provided at lowest prices as the other systems also provide such services as well.

Internet of Things (IoT)

IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to internet, which enables these objects to connect and exchange data. Blockchain technology has potential to address security risks to IoT as it provides a shield against data tampering by labelling each block of data.

Month: Categories: National

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