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An IEDC has been formally inaugurated at Mar Baselios College of Engineering and Technology on January 15, 2010 in the College Auditorium with the support of Technopark TBI

The IEDC was inaugurated by Mr.Mervin Alexander, CEO Technopark by lighting the lamp. The inaugural function was presided over by Dr.T.M.George, Principal. Mr.K.C.Chandrasekharan Nair, CFO, Technopark and Programme Coordinator-New Initiatives, Technopark and Registrar, Technopark TBI delivered the keynote address. Rev.Fr. John Thundiyath, Bursar and Mr.Sreejith. S, Technical Officer, Technopark TBI  also attended the function.

Addressing the students Mr.Mervin Alexander said that the IEDC will act as a catalyst to create entrepreneurial ventures from the college and the major objective is to promote Innovation and Entrepreneurship in the campus and also to exploit and effectively convert the skills and expertise within the institute to create entrepreneurial ventures.

In the keynote address Mr.K.C.Chandrasekharan Nair, CFO Technopark pointed out that “Technopark, through the Technology Business Incubation initiatives, is creating an ecosystem and a fertile ground that promotes the spirit of innovation and entrepreneurship throughout the state.

Rev.Fr. John Thundiyath, Bursar pointed out that IEDC shall be a source of motivation to the students to dream and set their goals higher. He pointed out the examples of startup entrepreneurs from the college.

Student startups from the college by Mr.Aravind, CEO, Enythin Technologies, who will be working out of the college IEDC as a virtual incubatee of Technopark TBI and Mr. Gokul Nath who participated with his sports innovator competition of NEO sports made their company

Catalyse Scientific Technologies , virtual incubatee of Technopark TBI working out of  Garden City College Bangalore won the award for the best start up company in Biotech area for the year 2009. The award will be handed over during ISBA 2010 during Feb 8-10, 2010 at India Habitat Centre, New Delhi. 

 Technopark TBI- Chairman and CEO, Technopark Mr. Mervin Alexander congratulated Dr.Biju Jacob, CEO of Catalyse on this achievement.

Religare Technova IT Services Ltd. a wholly owned subsidiary of Religare Technova Limited, today announced a strategic alliance with US based Akros TechLabs to act as a Value Added Reseller of Akros’ “CNBSignln Two Factor Authentication product in the Indian, US, European, Middle East and Asia Pacific markets.

Akros is a technology solutions company, focused on developing and marketing cutting- edge solutions for the global mobile technologies industry and has cleared for admission in Technopark TBI. CNBSignin is a patent-pending, software based Two Factor Authentication solution, as opposed to the hardware based solutions that are available in the market today. It uses a non-time based synchronization algorithm and is built using the latest Advanced Encryption Standard (AES). A software based Two Factor Authentication solution does not require dongles or hard tokens and the customers of Banks, Capital Market Companies, and other institutions can secure their online accounts just by using their mobiles.

The Companies now get the benefit of easy administration of this service by doing away with the hassles of maintaining and shipping hardware based dongies and hard tokens to their customer base. Another added advantage of this solution is that it easily integrates with the Company’s base application and eliminates the need to host separate authentication servers and the costs associated with such infrastructure.

Sanjay Padode, CEO, Religare Technova Ltd. stated, “E-Frauds are impeding the growth of e commerce, a second level authentication mechanism deployed by e-commerce providers can significantly reduce the Incidents of e-frauds thus providing the end users to transact securely in cyberspace. Religare Technova is pleased to announce its partnership with Akros and to introduce a superior and hassle free software based Two Factor Authentication solution that I am sure will enhance the security of cyberspace transactions”.

Sid Prasanna, Managing Director of Akros TechLabs commented, “We are pleased to work with Religare Technova as our exclusive partner for CNBSignin. I am confident that we will be able to capitalize on the reach and size of Religare Technova. Also, our product being a software based solution is positioned uniquely as opposed to the other hard token based solutions that are currently available. We believe our solution brings significant value to companies along with high level of cost savings.”

Kreara Solutions along with Rajiv Gandhi Centre for Biotechnology and GTECH Technopark is organizing a seminar on 20^th August 2009, at 10:00 AM.  on fostering biotechnological entrepreneurship in Kerala.

As members of an industry friendly ecosystem, we thought that this initiative should come from within Technopark.

The highlights of the programme will be:

a. Signing of an MOU between RGCB and Kreara identifying areas in which we could offer  commercial products and services in the Bioinformatics/Clinical Informatics sectors for the pharmaceutical and biotech companies across the globe. Areas of specific interest will be Cancer Research, Alternative Medicine, Bioinformatics and Tailor made training programs

b. This will be followed by a panel discussion attended by eminent scientists, strategists and academicians on how to build the ecosystem (regulatory, infrastructure and human resources) to effectively incubate biotech companies in Kerala

Technopark TBI virtual incubatees Innoz Technologies P Ltd from LBS  Engg College, Kasaragod enters the finals of  the 2009 DFJ Cisco Global Business Plan competition.

The Global Final will be held on Tuesday, June 30, 2009.

The winner will be announced on the day of the competition and will receive a minimum of $250,000 seed money. The winner will also receive professional feedback and mentorship from both DFJ and Cisco.

Innoz, a student startup,  is the first offsite incubated company by Technopark TBI. Innoz Technologies operates in the extension centre of T-TBI with the support of EDC in LBS College of Engineering and they are functioning there.This startup has been initiated for the need of brilliance and innovation in the software field mainly focusing on 3 fields  namely mobile ,internet and new media. The team extended the company to more domains other than web and application development, they set out to opt mobile field, which has now evolved into what sits at the core of the Innoz system

The four students Deepak Ravindran,Abhinav Sree,Ashwin Nath and Mohammed Hisamuddin from Lbs college of Engineering,Kasaragod,Kerala,the founders behind this venture are already feeling tremendous responsibility on their young but strong shoulders and are happy that all four played each of their roles very well in these hard but fun filled startup days.

The company had managed top ranking in the TATA NEN Hottest Startup Awards, and had successfully entered into the Elevator Pitch for Economic Times-Power of Ideas.

Innoz focus has been on rich mobile & web applications. Their initial product, SMSGYAN, an innovative text messaging interface for trivia/definitions over SMS, in short time had got wide media coverage & recognition from leading technology blogs. 

The prestigious Global Business Plan Competition, co-sponsored by US-based venture capitalist Draper Fisher Jurvetson (DFJ) and networking and communications technology major Cisco, is for university and business school students.In addition to the financial investment awarded to the winner, DFJ and Cisco will assist all the 16 finalists to take their projects forward.The only other finalist with an India link is Husk Power, floated by students of Darden School of Business, University of Virginia.

The Innoz project is an SMS text messaging interface for trivia and other information for the million Indian cell phone subscribers.

‘People without an Internet connection or a dictionary can send an SMS, GYANYOUR SEARCH WORD OR TERM to 09894974926. The answer will appear on the sender’s mobile,’ said Innoz co-founder and chief executive Deepak Ravindran.

‘We will make a live presentation in a teleconference for 20 minutes from DFJ’s Bangalore office,’ he added. The judges will be in the US.

Their latest entry before DFJ-Cisco competition was into iAccelerator – a Silicon Valley style mentoring program at IIM-Ahmedabad .

Technopark TBI Virtual incubatee Catalyz Life Technologies signs MOU with International Stem cell Services Ltd (IISL) to bring stem cell therapies to patients with several incurable diseases. Dr. Biju Jacob, CEO of Catalyz said that the partnership is bringing Stem Cell based advanced Therapeutics to Kerala through Technopark EC based center of Catalyz. Hospitals across the state will be supported for setting up regenerative therapy centers and by training surgeons through CME programs. Hospitals with all the necessary facilities will be accredited for carrying out the stem cell therapies and thereby will be considered as the recognized of IISL for Regenerative Therapy as stated by Dr. S G A Rao, Managing Director, IISL.

The potential application of stem cell therapies is wide and covers a large spectrum of diseases. Some of the diseases that may be treatable with stem cell therapies include: Type I diabetes, Cardiac Ischemia, Myocardial Infarction, Multiple Sclerosis, Rheumatoid arthritis, Stroke, Limb ischemia, Diabetic Ulcers, Liver disease, Kidney failure, Parkinson’s disease, Alzheimer’s disease etc.

Earlier an extension centre of Technopark TBI was inaugurated at Garden City College(GCC), Bangalore in March 7, 2009. “The virtual incubatees operating in GCC is fully supported by Technopark TBI and shall be given an opportunity to graduate into the Technopark Incubation Facilities in Trivandrum for further scaling up” says Mr. K.C.Chandrasekharan Nair, Secretary cum Registrar, Technopark TBI commenting on the achievement of Catalyse.

IISL group has done successful and effective adult stem cell treatment for several diseases including peripheral artery disease, spinal cord injury, osteoarthritis, chronic liver disease, and muscular dystrophy in collaboration with hospitals like Bhagavan Mahaveer Jain Hospital, St Theresa’s Hospital, Center for Liver Research & Diagnostic (CLRD) etc. across the country. IISL has a well trained scientific team from USA, UK & Australia and is accredited by Society for Regenerative Medicine and Tissue Engineering.

For further information on stem cell therapy

Contact ; catalyzlife@gmail.com

Mob.    09632725257

09845125293

Today domestic markets are likely to open negative as majority of Asian markets have opened with blood bath. The sentiments are weak across Asia as there is lack of specific news to drive the market. The US markets have also closed flat on Friday thus exuding lack of buying sentiments. In the domestic arena one could expect a lackluster trading throughout the day with an essence of mild volatility.

On Friday, the domestic markets closed with losses for the second consecutive day. The positive opening was better than anticipated however as the trading progressed the selling pressures engulfed the stocks at broader level despite positive cues from the Asian markets. The European markets on the other hand exuded negative cues. Traders were skeptic about the current high level of the benchmark indices and correction at this level seems to be inevitable. Funds and retail investors booked profits across sectors like Realty, Auto, Teck and CD as they closed with losses of 2.49%, 2.41%, 2.40% and 2.29% respectively. On the other hand, Metal and Oil & Gas stocks provided a support to markets as they gained 1.93% and 1.38% respectively. We expect the markets to be trading volatile.

The BSE Sensex closed with a loss of 173.53 points at 15,237.94 and NSE Nifty ended with a loss of 54.30 points at 4,583.40. BSE Mid Caps and Small Caps closed with losses of 112.55 points and 135.78 points at 5,235.03 and 6,014.66 respectively. The BSE Sensex touched intraday high of 15,600.30 and intraday low of 15,174.28.

On Friday, the US Markets closed mixed. There was narrow trading range in the southward throughout the day however towards the end some buying sentiments helped major indices to close in green. Materials stocks closed with a loss of 1.3%, which have provided leadership in recent weeks, were knocked lower as commodities came under pressure amid a rally in the U.S. dollar. Further the Semiconductor stocks also fell under pressure this session, sending the Semiconductor Index to a 1.8% loss. On stock specific move investment services firm BlackRock (-6.04) trailed after updating its outlook to reflect its agreement to pay $13.5 billion for the global investors business from Barclays (-0.63). The US light crude oil for July delivery closed low by 0.8% at $72.05 per barrel on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed high by 28.34 points at 8,799.26 the NASDAQ Composite (RIXF) index declined by 3.57 points to close at 1,858.80 and the S&P 500 (SPX) closed flat at 946.21.

Today major stock markets in Asia are trading negative. Hang Seng is low by 269.66 points at 18,620.02. Shanghai Composite is low by 5.497 points at 2,738.26. Japan’’s Nikkei is trading low by 99.71 points at 10,036.11. Strait Times is also low by 38.72 points at 2,338.35. KLSE Composite is up by 1.19 at 1,090.15.

Indian ADRs ended lower on Friday. In the telecom space, Tata Communication was down 4.04% and MTNL was down 7.54%. In the banking space, HDFC Bank was down 2.41% and ICICI Bank was down 2.32%. In the IT space, Wipro was down 4.88% while Infosys was down 0.03%, Satyam Computers as down 14.65% and Patni Computers was down 3.99%. In other sectors, Sterlite Industries was down 0.88%, Tata Motors was down 1.89% while Dr Reddy’’s Labs was down 3.47%.

The FIIs on Friday stood as net buyers in equity and debt. The Gross equity purchased stood at Rs 3,581.80 Crore and gross debt purchased stood at Rs 10.00 Crore, while the gross equity sold stood at Rs 2,588.70 Crore and gross debt sold stood at Rs 0.00 Crore. Therefore, the net investment of equity and debt reported were Rs 993.20 Crore and Rs 10.00 Crore respectively.

On Friday, the partially convertible rupee closed at 47.61/62 per dollar, flat as compared to previous close at 47.60/61. The local currency had surged an intra day high of 47.37 against the green back.

On BSE, total number of shares traded were 56.51 Crore and total turnover stood at Rs 7,897.45 Crore. On NSE, total number of shares traded was 129.89 Crore and total turnover was Rs 23,706.55 Crore.

Top traded volumes on NSE Nifty – Unitech with 72746311 shares, Suzlon Energy with 58382257 shares, Hindalco with 35767252 shares, Tata Steel with 14190125 shares, followed by Idea Cellular with 13909756 shares.

On NSE Future and Options, total number of contracts traded in index futures was 781871 with a total turnover of Rs 17,244.10 Crore. Along with this total number of contracts traded in stock futures were 463465 with a total turnover of Rs 28,402.22 Crore. Total numbers of contracts for index options were 1152359 with a total turnover of Rs 26,976.32 Crore and total numbers of contracts for stock options were 46406 and notional turnover was Rs 2,829.77 Crore.

Today, Nifty would have a support at 4,493 and resistance at 4,635 and BSE Sensex has support at 15,110 and resistance at 15,359.

For details contact AjayJP@MOSTIndia.com