South Korean big Samsung, Apple’s contract manufacturing companions Foxconn, Wistron and Pegatron, and Indian smartphone distributors Micromax and Lava amongst others have utilized for India’s $6.6 billion incentive program aimed toward boosting the native smartphone manufacturing, New Delhi stated on Saturday.
The scheme, referred to as Production-Linked Incentive Scheme, will provide a variety of incentives to firms together with a 6% monetary incentives on extra gross sales of products produced regionally over 5 years, with 2019-2020 set as the bottom 12 months, India’s IT Minister R.S. Prasad stated in a press convention.
22 firms have utilized for the motivation program — that additionally consists of manufacturing of electronics parts — and have agreed to export 60% of their regionally produced items outdoors of India, stated Prasad. He stated the businesses estimate they’ll produce smartphones and parts price $153 billion through the five-year length.
The Production-Linked Incentive Scheme is aimed toward turning India into a world hub of high-quality manufacturing of smartphones and help Prime Minister Narendra Modi’s push to make the nation self-reliant, stated Prasad.
As a part of their functions, the businesses have additionally agreed to supply direct and oblique employment to roughly 1.2 million Indians, the Indian minister stated.
The curiosity of Samsung and Apple, two firms that account for greater than 50% of the worldwide smartphone gross sales income, in India is a testomony of the alternatives they see on the planet’s second largest web market, stated Prasad. “Apple and Samsung, India welcomes you with engaging insurance policies. Now broaden your presence within the nation,” he stated.
Missing from the checklist of firms that the Indian minister revealed at present are Chinese smartphone makers Oppo, Vivo, OnePlus, and Realme that haven’t utilized for the motivation program.
The Indian authorities didn’t stop firms from any nation from taking part to this system, Prasad insisted in a name with reporters Saturday midday. Chinese smartphone distributors command roughly 80% of the Indian handset market, in response to analysis agency Canalys.
“We are optimistic and looking out ahead to constructing a robust ecosystem throughout the worth chain and integrating with the worldwide worth chains, thereby strengthening electronics manufacturing ecosystem within the nation,” he stated. The deadline for making use of to take part in India’s program, which started in April, ended on Friday this week.
The participation of Wistron, Foxconn, and Pegatron can also be indicative of Apple’s future plans to provide regionally in India. Apple’s contract manufacturing associate, Taiwan-based Wistron, first started assembling older iPhone fashions in 2017. Last month, Foxconn kickstarted meeting of a small batch of iPhone 11 items. This was the primary time any Apple provider assembled a current-generation iPhone mannequin within the nation.
Five success factors for behavioral health startups – TechCrunch
Courtney Chow is an affiliate with Battery Ventures in San Francisco who focuses on early and growth-stage web, software program and companies firms.
Justin Da Rosa
Justin Da Rosa is a vp with Battery Ventures in San Francisco. He focuses on client web, on-line market and software program investments.
Telehealth, or distant, tech-enabled healthcare, has existed for years in major medical care by means of firms like Teladoc (NYSE: TDOC), Doctors on Demand and MDLIVE.
In current years, the appliance of telehealth had quickly expanded to handle particular power and behavioral well being points like psychological well being, weight reduction and diet, dependancy, diabetes and hypertension, and so forth. These are actual and oftentimes very extreme points confronted by individuals all around the world, but till now have seen little to no use of know-how in offering care.
We consider behavioral well being is especially suited to profit from the digitization traits COVID-19 has accelerated. Previously, we’ve written concerning the pandemic’s influence on on-line studying and schooling, each for Ok-12 college students and grownup learners. But behavioral well being is one other space impacted by the basic change in shoppers’ conduct at the moment. Below are 4 causes we expect the time is now for behavioral well being startups — adopted by 5 key components we expect characterize profitable firms on this space.
Telehealth can considerably decrease the price of care
Traditional behavioral healthcare is cost-prohibitive for most individuals. In-person remedy prices $100+ per session within the U.S., and plenty of psychological well being and substance-use suppliers don’t settle for insurance coverage as a result of they don’t receives a commission sufficient by insurers.
By distinction, telehealth reduces overhead prices and scales extra successfully. Leveraging know-how, suppliers can deal with extra sufferers in much less time with nearly zero marginal prices. Mobile-based communications allow asynchronous care that additional helps suppliers scale. Access to digital content material provides sufferers on-going assist with out the necessity for a human on the opposite aspect. This is especially helpful in treating behavioral well being points the place ongoing assist and motivation could also be needed.
Technology unlocks provide in “shadow markets” of suppliers
Globally, we face an excessive scarcity of behavioral well being suppliers. For instance, the United States has fewer than 30,000 licensed psychiatrists (translating to <1 for each 10,000 individuals). Outside of massive cities, the issue will get worse: ~50-60% of nonmetro counties haven’t any psychologists or psychiatrists in any respect.
Even when suppliers can be found, wait instances for appointments are notoriously lengthy. This is a big concern when behavioral well being situations usually require well timed intervention.
We are seeing new platforms construct massive networks of licensed coaches, licensed psychologists and psychiatrists, and different suppliers, aggregating provide in what has traditionally been a scarce and a extremely fragmented supplier inhabitants.
Behavioral/psychological well being points are dropping their stigma
We consider the stigma related to psychological sickness and different behavioral well being situations is dissipating. More and extra public figures are talking out about their battle with nervousness, melancholy, dependancy and different behavioral well being points. Our zeitgeist is shifting quick, and there’s an all-time excessive in individuals searching for assist because the Google Trends information beneath demonstrates.
Note: The anomalous dip in March/April ’20 was pushed by necessary shelter-in-place as a result of COVID-19.
Policy and rules are altering rapidly
Instagram wasn’t removing photos and direct messages from its servers – TechCrunch
A safety researcher was awarded a $6,000 bug bounty payout after he discovered Instagram retained photographs and personal direct messages on its servers lengthy after he deleted them.
Independent safety researcher Saugat Pokharel discovered that when he downloaded his information from Instagram, a characteristic it launched in 2018 to adjust to new European information guidelines, his downloaded information contained photographs and personal messages with different customers that he had beforehand deleted.
It’s not unusual for corporations to retailer freshly deleted information for a time till it may be correctly scrubbed from its networks, methods and caches. Instagram stated it takes about 90 days for deleted information to be absolutely faraway from its methods.
But Pokharel discovered that his ostensibly deleted information from greater than a 12 months in the past was nonetheless saved on Instagram’s servers, and may very well be downloaded utilizing the corporate’s information obtain device.
“Instagram didn’t delete my information even once I deleted them from my finish,” he informed TechCrunch .
Pokharel reported the bug in October 2019 by Instagram’s bug bounty program. The bug was fastened earlier this month, he stated.
A spokesperson for Instagram informed TechCrunch: “The researcher reported a problem the place somebody’s deleted Instagram photos and messages can be included in a replica of their data in the event that they used our Download Your Information device on Instagram. We’ve fastened the problem and have seen no proof of abuse. We thank the researcher for reporting this subject to us.”
It’s a near-identical subject that Twitter fastened final 12 months, by which customers may entry long-deleted direct messages — together with messages despatched to and from suspended and deactivated accounts — utilizing its personal information obtain device.
Impossible Foods gobbles up another $200 million – TechCrunch
Impossible Foods has raised $200 million extra for its meat replacements.
The new spherical values the corporate at a Whopper-sized $four billion valuation, in line with the info tracker PrimeUnicorn Index.
The new spherical was led by Coatue, a technology-focused hedge fund; one other New York-based hedge fund, XN, additionally participated within the spherical.
Since its launch the corporate has raised $1.5 billion from traders, together with Mirae Asset Global Investments and Temasek. The presence of those new public/non-public funding corporations on Impossible Foods’ cap desk may imply that the corporate is readying itself for an preliminary public providing, however that’s simply hypothesis.
Impossible beforehand raised cash from funding corporations together with Horizon Ventures and Khosla Ventures, in addition to a number of the largest celebrities within the U.S., like: Jay Brown, Common, Kirk Cousins, Paul George, Peter Jackson, Jay-Z, Mindy Kaling, Trevor Noah, Alexis Ohanian, Kal Penn, Katy Perry, Questlove, Ruby Rose, Phil Rosenthal, Jaden Smith, Serena Williams, will.i.am and Zedd.
The most up-to-date value per share is $16.15, an up spherical from Series F at $15.4139, in line with PrimeUnicorn.
The firm mentioned it might use the funding to extend its analysis and growth efforts and work on new merchandise like pork, steak and milk, in addition to broaden its internationalization efforts and construct out its manufacturing capability.
“The use of animals to make meals is essentially the most damaging expertise on Earth, a number one driver of local weather change and the first explanation for a catastrophic international collapse of wildlife populations and biodiversity,” mentioned the extremely credentialed Dr. Patrick O. Brown, MD, PhD, CEO and founding father of Impossible Foods, in a press release. “Impossible Foods’ mission is to exchange that archaic system by making essentially the most scrumptious, nutritious and sustainable meats on the earth, straight from crops. To try this, Impossible Foods must maintain our exponential progress in manufacturing and gross sales, and make investments considerably in R&D. Our traders imagine in our mission to rework the worldwide meals system — and so they acknowledge a unprecedented financial alternative.”
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