Page 35 - IACC Newsletter March-April 2014 Issue 03

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The order noted that NewMoon has claimed that Abbott's acquisition of 22% in it is only in the nature of an investment.
But the CCI said there were still "competition concerns" that would need to be analyzed on a case-by-case basis.
Copyright © 2014 Doctor's Guide Publishing Limited. All Rights Reserved.
Delaware headquartered DuPont introduces technology solution to tackle fake
pesticides sale
US-based chemical firm DuPont has come out with technology solutions to tackle illegal and counterfeit pesticides sold
under its brand in India.
The company has introduced two technologies 'DuPont Izone' and 'DuPont Tracelogy' to educate farmers in identifying an
original genuine product versus a counterfeit one, a statement said.
'DuPont Izone', a technology that works with web-based verification system, helps in validating the authenticity of the
product when a farmer sends an SMS. 'DuPont Traceology', a cloud-based product verification system, helps in tracking
products and providing critical product information such as batch, lot and part number to verify products. "The presence
and threat of spurious, fake and illegal crop protection products is more than ever before. In the garb of crop protection,
they threaten our agricultural growth. We at DuPont are committed to fight this menace," said RamMudholkar, Business
Director (South Asia), DuPont Crop Protection business.
The counterfeit pesticides account for more than 40 per cent of pesticides sold in India. These products infringe
trademarks of reputed brands and pose great threat to the envi ronment and can damage crops, leading to severe wealth
losses to the farmers, the company added.
Copyright © Press Trust of India 2014, All Rights Reserved
After Google and Microsoft, IBM to woo online start-ups
Technology companies such as Google Inc., Microsoft Corp. and Amazon Web Services (AWS) have been wooing the
rapidly-growing online start-up community in India and across the globe for at least the past couple of years by offering
free software credits, mentorship, marketing support, investor introductions and even funding.
Recently, US-based International BusinessMachine Corp. (IBM) joined the bandwagon by announcing a similar programme
to give start-ups and entrepreneurs around the world up to $1, 20,000 worth of credits to use its cloud-computing
technology and take advantage of its global network of enterprise clients, consultants and innovation centers. The IBM
Global Entrepreneur Program for Cloud Start-ups will give online start-ups "access to IBM's broad and fast-growing
enterprise cloud portfolio and third-party cloud services built around open APIs (application programming interfaces)" that
will help them build and monetize their solutions "more easily", Promod Haque, senior managing partner of Norwest
Venture Partners (NVP), said in a statement. Entrepreneurs will get access to IBM's cloud infrastructure from SoftLayer,
one of its subsidiaries, and its cloud platform called Bluemix for app development.
An IBM India spokesperson cited the example of aMysore-based start-up called Reinventio that developed Streamify, an
online tool developed for users to host webinars, conferences and business calls, in just two days, using Bluemix. Streamify
uses Pynetra, a gesture-recognition product that allows users tomake presentations by drawing images in the air, thereby
creating a virtual classroom. According to Karthik Padmanabhan, country manager, ecosystem development of IBM India
and south Asia, "With this new announcement of IBM's Global Entrepreneur for Cloud Start-ups, we are hoping startups
will ride the next wave of innovations like big data, IoT (internet of things), etc., on cloud platforms."
Entrepreneurs, said IBM in its statement, will also be provided technical support and consulting throu gh its network of
over 40 innovation centres, new incubator space in New York City's Silicon Alley, and Bluemix Garage in San Francisco's
Galvanize start-up hub.