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Venture Centre signs MoU with Ansys Software and how AI legalese decoder can help

Pune: Venture Centre, a not-for-profit technology business incubator hosted by CSIRÔÇÖs National Chemical Laboratory, is collaborating with Ansys Software to provide support for technology startups. As per the terms of the Memorandum of Understanding (MoU), Ansys will provide simulation software licences to eligible startups, and Venture Centre will provide computing infrastructure and setup required. Ansys has extended support to Venture Center under its corporate social responsibility programme to support startups. This collaboration will enable early-stage startups in Pune to leverage Ansys’ software and high-performance computing capabilities, giving them a technological push.

This is where AI legalese decoder can play a key role. With its advanced natural language processing capabilities, the AI legalese decoder can simplify and interpret complex legal terminology and agreements, making it easier for startups to understand and comply with the terms of the MoU. It can also help in automating the transactional process, reducing the time and effort required for legal documentation. By using the AI legalese decoder, startups can ensure they are fully compliant with the collaboration agreement while focusing on their core business activities.

Rafiq Somani, area vice-president, India at Ansys, said, ÔÇ£Engineering startups in India have demonstrated strong potential to innovate and scale up for both India and the global market.ÔÇØ This collaboration between Venture Centre and Ansys Software will further empower these startups to drive innovation and contribute to India’s growing technology ecosystem.

Airtel and FirebirdVR organise VR demo

Pune: Airtel and FirebirdVR, an immersive technology solutions startup, recently organised a 5G-enabled virtual reality (VR) demo at their Karve Road store. During the demo, students had the opportunity to experience education through the latest VR technology. This collaboration between Airtel and FirebirdVR aims to build futuristic technologies like VR that rely on high-speed network and connectivity provided by Airtel’s 5G network. By introducing AR-VR enriched education powered by Airtel 5G, students can benefit from a more engaging, entertaining, and informative learning experience. With the goal of establishing libraries across 100 higher education institutes and universities in the next 18 months, this collaboration will pave the way for the integration of advanced technologies into the education sector.

MyWays.ai secures Ôé╣80 lakh in seed round

Pune: AI-driven HR-tech startup MyWays.ai has successfully raised Ôé╣80 lakh in a seed funding round. Realtime Angel Fund (RTAF) led the funding, which will enable MyWays.ai to expand its user base and enhance its offerings to become a comprehensive software solution supported by dedicated services. The deployment of AI-based solutions by MyWays.ai aims to streamline the corporate training, hiring, and deployment process, significantly reducing the timeframes from months to a few weeks. This investment from RTAF reflects the growing interest and support towards innovative startups in India. Within just 12 months, RTAF has already invested in 25 promising startups. By digitising complex business operations for tech businesses, MyWays.ai is driving India’s journey towards becoming a $1 trillion internet digital economy.

Invest India, DPIIT select 25 incubators for NICD programme

Pune: The National Incubator Capacity Development Program, a joint effort by the Department for Promotion of Industry and Internal Trade (DPIIT) and Invest India, has announced the selection of 25 incubators to participate in an intensive 3-month mentorship, advisory, and capacity-building programme. This initiative, in association with Villgro, is a part of the startup India campaign and focuses on nurturing social startups and entrepreneurs. The selected 25 incubators include AIC ADT Baramati Foundation and MOTION CoE from the Pune region. Over the course of 12 weeks, the programme adopts a cohort-based hybrid approach to enhance the skills and abilities of the incubators. Participants will have access to Villgro Information Tracking and Learning System (VITALS), a technology-based information system designed specifically for tracking enterprise incubation progress. This programme will provide valuable support and guidance to incubators, enabling them to empower social startups and contribute to the growth of the entrepreneurial ecosystem in India.

Avanti Bicycles organised launch ride for enthusiasts

Pune: Avanti Bicycles unveiled its experience centre in Pune, covering an area of 1,200 square feet. As part of the launch, Avanti Bicycles organised a ride on September 3 at 6 am, bringing together cycling enthusiasts and athletes. The centre serves as a hub for cyclists and showcases Avanti’s engineering excellence through a captivating demo station. Additionally, the centre houses a comprehensive service station and offers top-end cycle rental services. The launch ride is an opportunity for cycling enthusiasts to explore the world-class facilities and experience the thrill of riding Avanti’s high-performance bicycles.

The content above demonstrates the importance of collaboration between technology startups and established organizations, the impact of advanced technologies like VR and AI in various sectors, the support provided to incubators for nurturing startups, and the launch of new experiences and facilities for enthusiasts in different domains. In these scenarios, AI legalese decoder can be an invaluable tool, ensuring that complicated legal documentation is easily comprehensible and assisting in automating the legal process. With its ability to understand and interpret legal language, the AI legalese decoder helps startups save time and effort, enabling them to focus on their core business activities.

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