MIT India Conference to Build on 'Startup India' Initiative

MIT India Conference to Build on 'Startup India' Initiative

Celebrating the achievements of India, the MIT India Conference will focus on how to create a thriving startup ecosystem in India to put Prime Minister Narendra Modi’s “Startup India” initiative into action.

Organized by the MIT Sloan School of Management in collaboration with the greater MIT community in Cambridge, Massachusetts on April 3, the conference plans to address all levels of entrepreneurship, according to a media release.

These include from scaling startups and addressing the challenges early startups face to social endeavours and sustainability.

With the “Startup India” initiative receiving a five-fold increase in its funding along with government plans to open new startup incubators, the objective becomes how best to sustain and build off of this momentum, it said.

This year’s conference will also feature a showcase of innovative projects being developed by MIT students and researchers with potential application for India.

The MIT India Conference aims to celebrate the achievements of India globally, as well as discuss future collaborations between India and the world that could help accelerate innovation into the future. The MIT India conference has established itself as an important forum for leaders in industry, academia, and policy to discuss current issues and future innovations in the context of India, in the region and abroad, the release said.

Slated speakers and panellists include Arvind Subramanian, Chief Economic Adviser, Government of India; Mukesh Aghi, President, US-India Business Council; Gururaj Deshpande, Founder-Chairman, Sycamore Networks and Ashish Hemrajani, Founder-CEO,

Others include Sorin Grama, Founder-CTO, Promethean Power Systems; Nishant Rao, COO, Freshdesk; Vivek Prabhakar, Founder-CEO, Chumbak; Anuradha Acharya, Founder-CEO, MapMyGenome India; Akash Bhatia: Founder-CEO, Infinite Analytics; Venkat Maroju, CEO, SourceTrace Systems; Anjana Reddy, MD, Universal Sportsbiz Pvt. Ltd and Zenobia Moochhala, Co-Founder,

Alleged Xiaomi Smartphone With 4.3-Inch Display, Snapdragon 820 SoC Leaked

Xiaomi earlier this month launched its flagship Mi 5 smartphone at the MWC 2016 event in Barcelona and will be bringing the device to India on Thursday. However, a new leaked image now indicates there might be a new smaller Xiaomi smartphone in the making already.

The leaked image coming from Weibo (via Gizchina) shows an unknown black coloured smartphone’s display running MIUI. The device is said to feature a 4.3-inch display, and might be launched as an iPhone SE competitor in the future. The handset is tipped to feature a HD (720×1280 pixels) resolution display and powered by the flagship Qualcomm chipset, the Snapdragon 820, clubbed with 3GB of RAM. It is also said to house 32GB of inbuilt storage and a 13-megapixel rear camera with optical image stabilisation. The alleged Xiaomi-made smartphone is expected to carry a price tag of CNY 1,799 (roughly Rs. 18,400). A fingerprint sensor is also tipped.

xiaomi_mi_43_inch_phone_leak_weibo.jpgAlthough Xiaomi is far from confirming any of the aforementioned specifications, the device if real will be one of the best small-screen handsets in the market as it features top-notch specifications under-the-hood.

On a related note, Xiaomi Mi 5 will be launched by the company in India on Thursday. With the unveiling of the smartphone, India will become one of the first markets with Xiaomi’s flagship outside China. Barra had recently revealed that the company received a massive 16 million registrations for the first sale of Mi 5 in China.

To recall, the Xiaomi Mi 5 was announced in three versions – standard edition featuring 3GB of LPDDR4 RAM and 32GB inbuilt storage; prime version featuring 3GB LPDDR4 RAM and 64GB storage, and pro version featuring 4GB of LPDDR4 RAM and 128GB storage. It is not clear if Xiaomi will launch all three variants in India.

Xiaomi Announces 'Mi Ecosystem' Sub-Brand

Xiaomi Announces 'Mi Ecosystem' Sub-Brand

At an event in China, Xiaomi on Tuesday announced a new sub-brand called Mi Ecosystem. The new brand is meant to cover products manufactured by Xiaomi’s ecosystem partners.

As per Xiaomi, the Mi Ecosystem sub-brand will adhere to the “philosophy of making products that stand out as works of art in daily lives.” It adds that its ecosystem partners are chosen because they adhere to the “high-quality” required to be aligned with Xiaomi.

Xiaomi said that to build the Mi Ecosystem, it has thus far invested in 55 companies that design and manufacture products beyond the company’s own three core product categories: smartphones, smart TVs, and smart routers. It added that 29 of these companies have in fact been incubated by Xiaomi since their founding, including Zhimi (responsible for the Mi Air Purifier) and Viomi (responsible for the Mi Water Purifier).The company added that so far, 28 Mi Ecosystem companies have won international design awards, while 20 companies have launched products. The companies have also become “industry benchmarks” in their own right, with spectacular sales figures for such startups – no doubt helped by the Xiaomi brand. It said that seven Mi Ecosystem companies already have annual sales of over $100 million, while two have reached annual sales of over $1 billion.

Xiaomi in a statement added that its Founder and CEO, Lei Jun, started exploring the ecosystem business model two years ago with the aim to “promote an upgrade in Chinese manufacturing with a new concept of ‘Made in China’ products.” The statement adds, “Rather than simply being a venture company, Xiaomi imparts to these companies its approach to making quality products, sharing its methodologies and existing resources, including supply chain, e-commerce, marketing, and branding.”

xiaomi_mi_induction_heating_pressure_rice_cooker_in_story.jpgThe first product under the Mi Ecosystem brand is the Mi Induction Heating Pressure Rice Cooker (seen above). Priced at CNY 999 (roughly Rs. 10,200), the rice cooker is supposedly 40 percent cheaper than its Japanese counterparts, the company says. It will go on sale in China via during the Mi Fan Festival beginning April 6.

As you’d expect from Xiaomi, the Mi Induction Heating Pressure Rice Cooker is an Internet-connected device, and not just a ‘dumb’ pressure cooker. The Wi-Fi-enabled cooker can be controlled via the Mi Home app. Xiaomi says users can scan a packet of rice to identify the type of rice, brand, and origin, and depending on these factors, the rice cooker will adjust its heating to best suit the rice type. The company says it currently supports more than 200 brands of rice, a list that will be expanded in the future. The Mi Home app also provides recipes for dishes that can be made with Mi Induction Heating Pressure Rice Cooker, including cakes, and users simply have to select the recipe in the app for the cooker to adjust itself.

What began as a software company five years ago, Xiaomi has grown to become a major manufacturer of smartphones, tablets, as well as TVs. The company now sells products such as suitcases, air purifiers,LED lights, routers, set-top boxes, and even lamps under its brand. The vast majority of these products, however, don’t leave China’s boundaries. In recent years, Xiaomi has been working with different governments such as India, Singapore and ‚Äčtheir regulations to launch more of its products, while also working on its debut in the United States and United Kingdom markets.

FBI Wants US Businesses to Help as Cyber Extortion Gains Urgency

FBI Wants US Businesses to Help as Cyber Extortion Gains Urgency

The FBI is asking businesses and software security experts for emergency assistance in its investigation into a pernicious new type of “ransomware” virus used by hackers for extortion.

“We need your help!” the Federal Bureau of Investigation said in a confidential “Flash” advisory that was dated March 25 and obtained by Reuters over the weekend.

Ransomware is malicious software that encrypts a victim’s data so they cannot gain access to it on their computers, then offers to unlock the system in exchange for payment.

Friday’s FBI alert was focused on ransomware known as MSIL/Samas.A that the agency said seeks to encrypt data on entire networks, an alarming change because typically, ransomware has sought to encrypt data one computer at a time.

The plea asked recipients to immediately contact the FBI’s CYWATCH cyber-centre if they find evidence that they have been attacked or have other information that might help in its investigation.

It is the latest in a series of FBI advisories and warnings from security researchers about new ransomware tools and techniques.

“This is basically becoming a national cyber-emergency,” said Ben Johnson, co-founder of Carbon Black, a cyber-security firm that on Friday uncovered another type of ransomware that seeks to attack PCs through infected Microsoft Word documents.

The FBI first reported on MSIL/Samas.A in a Feb. 18 alert that lacked the urgency of Friday’s warning. The February message contained some technicals details but did not call for help. It said that MSIL/Samas.A targets servers running out-of-date versions of a type of business software known as JBOSS.

In its latest report, the FBI said that investigators have since found that hackers are using a software tool dubbed JexBoss to automate discovery of vulnerable JBOSS systems and launch attacks, allowing them to remotely install ransomware on computers across the network.

The FBI provided a list of technical indicators to help companies determine if they were victims of such an attack.

“The FBI is distributing these indicators to enable network defense activities and reduce the risk of similar attacks in the future,” the advisory said.

FBI representatives did not respond to requests for comment on the confidential warning.

The sectors hardest hit by ransomware include industries that rely on computer access for performing critical functions, such as healthcare and law enforcement. Publicly reported attacks in which hospitals and police have paid ransoms, then recovered data, has encouraged attackers to further target those groups, cyber-security experts said.

New Samsung Galaxy J7 And Galaxy J7 Announced

Samsung Galaxy J7 We have been hearing rumors about the new Samsung Galaxy J7 and Galaxy J5 handsets for some time, both handsets are now official.

First up is the Samsung Galaxy J7 which is equipped with a 5.5 inch Super AMOLED display with a Full HD resolution of 1920 x 1080 pixels.

Processing on the handset is provided by an octa core 1.6GHz processor and there is also 3GB of RAM and 16GB of included storage, plus a microSD card slot for expansion.

The Galaxy J7 is equipped with a 5 megapixel front facing cameras and a 13 megapixel rear camera, it also comes with WiFi, Bluetooth, 4G LTE and NFC.

Samsung Galaxy J5

The Samsung Galaxy J5 comes with a 5.2 inch Super AMOLED display with a HD resolution of 1280 x 720 pixels, processing is provided by a 1.2GHz quad core processor and there is also 2GB of RAM, 16GB of storage and a microSD card slot.

The handset also comes with a 5 megapixel front facing camera and a 13 megapixel rear camera, both devices are launching in China, as yet there are no details on pricing or a release date.