Wipro GE Healthcare Boosts Local Manufacturing, New Factory Under PLI Goes Live

* With an investment of over INR 100 crores, this greenfield facility is one of 15 medical device manufacturers approved under the government’s PLI Scheme towards Atmanirbhar Bharat

* As a key enabler in driving Karnataka’s commitment to underpin the growth of the ESDM industry, Karnataka Digital Economy Mission (KDEM) welcomes Wipro GE Healthcare’s new manufacturing facility in Bengaluru, India

Wipro GE Healthcare, a leading global medical technology and digital solutions innovator, today announced the launch of its new manufacturing facility in Bengaluru, India, under the Indian government’s Production Linked Incentive (PLI) Scheme. The new plant, Wipro GE Medical Device Manufacturing factory (MDM), is aligned to the National Agenda of ‘Atmanirbhar Bharat’ and will further boost local manufacturing of medical devices in India. The Karnataka Digital Economy Mission (KDEM) is at the forefront of enabling a global ESDM ecosystem in Karnataka and has welcomed the first association of its Partner in Progress for Electronics, System, Design, and Manufacturing (ESDM) Program through the inauguration of Wipro GE Healthcare’s medical devices manufacturing plant. The plant is a 100% subsidiary of Wipro GE Healthcare and has been setup as a green field legal entity. The company has invested a little over INR100 crore in this facility.

A 35000 sq ft facility, the MDM factory is set up for 24/7 operations for manufacturing CT machines, cathlab equipment, ultrasound scanners, patient monitoring solutions, ECG machines and ventilators. It is equipped with automated testers to assess performance of the medical devices. This facility currently has 35 employees in its shopfloor which is expected to increase to 100 in next 2 to 3 years.

Azim Premji, Chairman, Wipro GE Healthcare and Chairman, Wipro Enterprises, said “India is on an accelerated growth path in gaining global prominence for medical devices manufacturing. Wipro GE Healthcare’s new factory, with support from the government’s Production Linked Incentive (PLI) Scheme, will aid the health ecosystem in India to realize its true potential in addressing local and global challenges for healthcare providers.”

Commenting on the launch, Dr. Shravan Subramanyam, Managing Director, Wipro GE Healthcare, said, “The new facility is a testament to our continued commitment to an Atmanirbhar Bharat and is a step forward in elevating India’s capability as a global manufacturing hub. We applaud the government’s initiatives towards making India self-reliant. The new draft of the National Medical Devices Policy 2022 provides further impetus towards empowering India’s healthcare ecosystem, and we at Wipro GE Healthcare are very optimistic about the future of MedTech in India. 

“We congratulate Wipro GE Healthcare for its contribution towards boosting local manufacturing and generating employment in the local communities. Through our Karnataka Digital Economy Mission, we will provide continued support to the company’s efforts towards augmenting the ESDM sector and providing fillip to the region’s digital economy,” said C N Ashwath Narayan, Minister of Information Technology - Biotechnology, Higher Education, Science and Technology of Karnataka in his virtual address.

Mahesh Kapri, Managing Director, GE BEL & General Manager - ISC, South Asia, GE Healthcare, said, “The country’s import dependency for medical devices stands at 75-80%* and for India to rise the ranks as the leading MedTech devices market, local innovation & production is pivotal.  We are confident that our new factory will contribute meaningfully to India’s self-reliance goal and will accelerate India’s profile on the global product development map”

Addressing those gathered at the inauguration, Dr E V Ramana Reddy, ACS, Dept of Electronics, IT BT S&T said, “Karnataka has always led the country’s technological progress. Policy initiatives at the central and state level have additionally encouraged the growth of the ESDM sector along with the growing demand for superior technology products. Industry 4.0 and the medical devices sector is heavily dependent on India’s electronics and manufacturing capabilities and creating a suitable ecosystem to foster this growth will take the nation far ahead. Initiatives such as these by Wipro GE Healthcare reflect their commitment towards making the state a pivot for innovation and growth. The industry’s acceptance of KDEM’s ESDM-led programs is a positive sign towards building the state’s IT and ESDM sector and taking it to a global platform.”

Sharing his thoughts on the inauguration of the unit, Shri B V Naidu, Chairman, Karnataka Digital Economy Mission said, “The KDEM has always strived to focus on innovation, skill development, identify and nurture talent in the start-up and ESDM space in clusters of Karnataka. We believe that the state has immense drive and hunger to learn, innovate and contribute significantly to the nation’s growth. When we launched our Partner in Progress program, the overwhelming response received by industry leaders was a reassurance to our commitment of building a strong ESDM ecosystem in Karnataka. Today’s inauguration of the new manufacturing unit of Wipro GE Healthcare, our first partner in the program is a step towards enhancing this ecosystem while building a nurturing platform for our very able capable and diverse workforce.”

Speaking on KDEM’s contribution to nurturing a strong talent pool in the ESDM space, Shri Sanjeev Gupta, CEO, KDEM said, “KDEM’s Partner in Progress for ESDM was an important step in pledging our commitment to making Karnataka a global hub for ESDM and Wipro GE Healthcare was one of the first partners in leading the charge for this. With its landmark project of a manufacturing plant for medical devices with a focus on diversity, is an important milestone in recognising the nation’s diverse talent force and their exceptional capabilities. We at KDEM are extremely happy to partner with the industry think tank to take the Beyond Bengaluru vision to the next level that will impact and ignite the next wave of development in India.”

The Karnataka Digital Economy Mission is a special entity set up to strengthen the digital economy in Karnataka. It is a first-of-its-kind organization designed to function as the knowledge bridge between the Government of Karnataka and industry with a view of accelerating the growth and investments of the ESDM, IT, BT, and S&T sectors in the state. KDEM’s efforts to scale the growth of the electronics, system, design and manufacturing (ESDM) industry has received wide acceptance from the industry. 18 large corporations have given their Letter of Intent (LoI) so far to set up operations in the state. This comes at a time when the Government of India recently announced its semiconductor policy to promote the manufacturing of semiconductor chips in the country.

The Government of Karnataka projects the Electronics System Design and Manufacturing (ESDM)sector to yield more than 20% of regional GDP by 2025. The state government has been shaping its digital economy with new policies in the IT, ER&D, ESDM, and Skill Development sectors. Wipro GE Healthcare’s new facility promotes the ESDM sector in Karnataka and is in sync with the state government’s goal to build up the digital economy for the world through state-of-the-art medical devices made in India.

About Wipro GE Healthcare:

Wipro GE Healthcare Private Limited is a Joint Venture (JV) between General Electric Company, USA and Wipro Enterprises Limited, India. Established in 1990, it is one of the most successful and longest-running JVs in the region with operations spread across India, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. The company is the largest Medical Technology player in the South Asia region. Wipro GE is focused on addressing some of the toughest healthcare challenges - lowering maternal and infant deaths, enabling early detection of cancer, addressing heart diseases.

About GE Healthcare

GE Healthcare is the $17.7 billion healthcare business of GE (NYSE: GE). As a leading global medical technology, pharmaceutical diagnostics and digital solutions innovator, GE Healthcare enables clinicians to make faster, more informed decisions through intelligent devices, data analytics, applications, and services, supported by its Edison intelligence platform. With over 100 years of healthcare industry experience and around 47,000 employees globally, the company operates at the center of an ecosystem working toward precision health, digitizing healthcare, helping drive productivity and improve outcomes for patients, providers, health systems and researchers around the world.

Image caption: From left to right: Mahesh Palashikar, President, GE South Asia; Dr. Shravan Subramanyam, MD, Wipro GE Healthcare; Ian Dale, Chief Supply Chain Officer, GE Healthcare; Shri B V Naidu, Chairman, Karnataka Digital Economy Mission (KDEM); Azim Premji, Chairman, Wipro GE Healthcare & Chairman, Wipro Enterprises; Dr. E V Ramana Reddy, ACS, Dept of Electronics - IT BT S&T, Govt of Karnataka; Mahesh Kapri, MD, GE BEL & GM, ISC - South Asia, GE Healthcare; Krishna Srinivasa Rao, Managing Director, Wipro GE MDM; and Vardarajan Saravanan, Business Team Leader, Wipro GE MDM

Vedantu Launches W.A.V.E 2.0, An Immersive LIVE Platform That Reimagines Online Learning In India

* Advanced 67 LIVE interactive features that enhance students' learning experience

* Key features include - 3D++, Multi Teacher Model, Portal, AR Filter, Drag/Drop, Stars, Badges & Dhol, On Stage, Instant Doubt Solving, Leaderboard, Report Card & Milestones

* W.A.V.E 2.0 uses 40% lesser bandwidth than other platforms

* In the last year alone, 280 million students visited Vedantu, and it’s YouTube channels witnessed 500 million views.

Vedantu, a pioneer in LIVE online learning, today, launched W.A.V.E 2.0, the world’s most interactive and effective classroom, at their event - Vtopia. The patented technology will redefine the learning experience and performance recognition at a whole new level. The 2.0 version of W.A.V.E (Whiteboard Audio Video Environment) learning platform, envisions inspiring every child and making quality education accessible, and creating an impact at scale in India.

The power of W.A.V.E is in its groundbreaking ability to measure 100+ parameters in real-time using AI/ML to drive student engagement, teaching effectiveness, and learning outcomes. The disruptive technology delivers precise insights through face recognition, content, whiteboard usage analysis, verbal interaction analysis, doubt analysis, tone, and sentiment analysis, and much more.

With the advent of technology and personalization at an unimaginable scale, students today engage better with study methods that are fun, interactive, and rewarding, W.A.V.E 2.0 brings the best of - Personalized Teaching, Learning, and Recognition for each child, it is 10X more engaging, effective, predictable, and designed for transformative learning outcomes at a fraction of the cost for millions of students. With the integration of advanced AI/ML technology, Vedantu is setting benchmarks for the future of online pedagogy. The platform’s holistic user experience aims at increasing active student participation. Truly designed for Bharat, where high-speed internet has still not reached everywhere, W.A.V.E 2.0 delivers the highest quality content and uses 40% less bandwidth than other platforms.

Vamsi Krishna, CEO & Co-Founder, of Vedantu said, “We are determined to provide the best education for students with our patented technology. Since its inception, W.A.V.E has been used by 4000+ teachers to teach 24 million students for 70 million hours. And these students came from 7300+ cities and towns, that’s almost 92% of the total cities and towns in India. With W.A.V.E 2.0., we want to create a learning experience that sparks curiosity and makes a student more immersed in the entire learning process. We are excited to invent an offering that pushes the boundaries of education & addresses the current challenges prevailing in the education sector in India. Irrespective of geographical boundaries, we aim to create an impact at scale for children all over the country.”

Today, W.A.V.E has 5 patents filed, and 1 patent already granted in the US. W.A.V.E 2.0 encapsulates 67 LIVE interactive features that enable students to unlock their true potential by boosting student interactions and improving learning outcomes. Major highlights in the new version include -

1.  A Portal - Digital notebook for students to write and demonstrate the concepts per their understanding. Teachers can evaluate and assist students 1:1 and the notebook can also be shared in the LIVE classroom.

A screenshot of a computer

Description automatically generated with medium confidence2.   3D++ models to break down complexity - This makes complex diagrammatic concepts easy to understand. Students can enter the 3D world, zoom in to view minute details, and rotate the 3D model.

3.  Multi Teacher Model - Facilitates seamless handling of bigger classrooms through batches without compromising on the quality of interaction. Master teachers can focus on teaching while a second teacher, known as the Class teacher, can simultaneously solve the students’ doubts in real-time. This allows us to mentor and guide every single student, irrespective of class strength while ensuring they are understanding the concepts inside-out.

4. Milestone, Report Card, and Leaderboard - This encourages students to perform better. Teachers can trigger a report card during certain milestone events in class for students to understand statistics around their quiz attempts. ‘Leaderboard’ is an A-game feature that ranks students in a Top 15 list basis the points that they accrue by participating and getting correct answers in an activity.

5.  Stars, Badges, and Dhol Instantly - Instant gratification enhances student morale. This feature drives it by showering Stars and Dhol to create a fun experience, reward classroom performance & behavior, and celebrate birthdays with animation and sound effects.

6. AR Filters - Further to make learning entertaining and educational, teachers can use filters while teaching the younger grade students for undivided attention.

7. On Stage Appreciation - With motivation and appreciation at the centre, ‘On stage’ allows teachers to do what they would ideally do in a physical classroom when they bring students in front of the blackboard to acknowledge and reward them.

8. Tag, Drag, Drop - Touch-based interactions between a teacher and student made simpler with Tag & Drag/Drop feature. Objects can be moved and matched around on the whiteboard matched and actual images can be clicked on to select answers.

9.   Instant Doubt Solving - The biggest difference between a recorded video and a LIVE real-time class is a student's ability to interact and ask doubts. W.A.V.E 2.0 enables ‘Instant Doubt Solving’ with multiple Teacher Assistants (TAs) in a LIVE class to support the Main Teacher in resolving student doubts. Their teamwork makes the dream work!

Students have the access to the best quality teachers from across the country and can explore high-quality personalized content to advance their learning through real-time post-class detailed insights along with feedback on their engagement in every class. For large group classes, the platform can accommodate more than 2K students, and, for webinars, more than 10K students.

Atlassian Doubles Down On Its VC Fund To Propel The SaaS Ecosystem In 1.5 Years Since Its Inception

* Atlassian Ventures has invested $110M in funding 

Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software and the maker of Jira, Confluence, Bitbucket and Trello products, has deployed over US$110 million in VC funding and now supports over 30 organisations, just shy of 18 months since launching Atlassian Ventures. 

The global funding provides an opportunity for SaaS startups looking to work with Atlassian’s best-in-class cloud products and platform. The company which is passionate about the future of work and new ways to collaborate in the cloud will also look to tap into India’s growing SaaS startup ecosystem and the country’s rich talent pool. Globally, it considers India a key market for innovation, having grown its office in Bengaluru into a world-class R&D center employing over 1,000 in India across engineering, design, product management and more. 

Established in late 2020 with an initial investment of US$50 million, the Atlassian Ventures team invest in companies across three focus areas where it can uniquely accelerate growth. Firstly - the early-stage startups, who are building apps for Atlassian’s cloud products. Secondly - larger, growth-stage startups deepening their partnerships with Atlassian; and thirdly, Atlassian channel partners creating new cloud products and services that support the future of teamwork. 

Head of Atlassian Ventures, Matt Sonefeldt says, “Our goal for Atlassian Ventures is to build a world-class venture capital fund, not just a great corporate venture program. We measure our success by how well we help founders grow their companies through Atlassian, and we’re excited about supporting awesome companies that are driving collaboration for teams on the cloud. This year we’ve built a dedicated team inside Atlassian to support Ventures and our portfolio founders as we set our sights on a much bigger goal, several times larger than the $110 million invested today.” 

Atlassian Ventures portfolio companies receive mentorship from the Atlassian team and global exposure at its events, in addition to the capital they receive. The mentor meets them regularly to check in on progress, give advice based on their experience in the ecosystem, and help with any roadblocks they may be facing. 

Highlighting the success of the venture fund, Dinesh Ajmera, Site Lead and Head of Engineering, India, Atlassian says, “One and a half years later, we've really seen first-hand the impact this funding has had on the global ecosystem. We’ve seen wonderful growth across the portfolio whether its partners seeing more integrated users, teams hiring talent or growing revenue, and developers turning side projects into full-time jobs. With the increasing focus on cloud and India being one of the biggest startup hubs in the world, we’re committed to doing our part to ensure a vibrant ecosystem. We’ve been amazed at how our ecosystem has innovated on top of Atlassian products and we want to continue enabling their success and growth.” 

Atlassian Ventures' three core focus areas are agile development, work management and IT service management. Outside of these fields, the corporate VC would also consider investing in start-ups playing in spaces such as product-led growth, and diversity, equity and inclusion (DEI). 

For further information on how to apply for funding, visit http://atlassian.com/company/ventures. 

Wagh Bakri Foundation Donates Delivery Vehicle To Akshaya Patra, Reiterates Support Towards Feeding 65,000 Children

* The donations made by Wagh Bakri Foundation will help 3,300 nutritious meals reach about 65,877 students in government schools in Bengaluru

Adding another milestone to their long-standing relationship, Wagh Bakri Foundation has reiterated its support towards The Akshaya Patra Foundation’s mission to eliminate child malnutrition in India by donating a delivery vehicle that will help transport hot and nutritious mid-day meals to government schools in Bengaluru.

The vehicle that will be part of Akshaya Patra’s kitchen in Bengaluru will help the NGO deliver 3,300 meals to about 65,877 children.

The generous donation is one of the many initiatives undertaken by Wagh Bakri in collaboration with on Akshaya Patra. As part of their decade-long partnership, both organizations have come together on various occasions to provide mid-day meals, distribute Happiness kits, and cooked meals to the underprivileged.

The delivery vehicle donated to Hare Krishna Hill was flagged off in Bengaluru on 30th March 2022 in the presence of Mr. PV Suresh, Senior General Manager (Sales), Wagh Bakri Tea Group and Sri Sridham Krishna Dasa, Director, Resource Mobilisation, The Akshaya Patra Foundation.

Speaking on the decade-long association, Mr. Paras Desai, Executive Director, Wagh Bakri Tea Group and Trustee, Wagh Bakri Foundation, said, “The Group is elated to join hands with The Akshaya Patra Foundation for the noble cause of providing nutritious meals to underprivileged students across India. The culture of Wagh Bakri Group has always been to ‘Give back to society. We at Wagh Bakri Tea Group believe 'Food is a fundamental human right' hence we strive to work towards fulfilling this responsibility towards the society we live in. Stepping ahead towards the goal of providing the right nutrition, we aid Akshay Patra with 6 food distribution vehicles for serving ‘Mid-Day Meal’ scheme of the Government of India. The vehicles will help Akshay Patra Foundation to reach the larger area and needier.”

Expressing gratitude for the donation by Wagh Bakri Foundation, Sri Chanchalapathi Dasa, Vice Chairman, The Akshaya Patra Foundation, said, “For the past 21 years, we’ve served hot and nutritious meals to children with an aim to eradicate classroom hunger and ascertain that no child should be deprived of education due to hunger. Our mission can only be achieved through partnerships like the one we have with Wagh Bakri. This long-standing collaboration and the donations being made as a part of a larger goal will go a long way in expanding the reach of Akshaya Patra’s meals to thousands more students in Bengaluru.”

About Wagh Bakri Tea Group

The Wagh Bakri Tea Group has been actively involved in philanthropic activities even before it was mandated by the CSR law. The Group has been making sincere endeavors to bring about a visible change in the society by contributing in the fields of education, healthcare, women empowerment and other socio-economic development activities.

Some of their notable contributions include the construction of education infrastructure at Vishvamangalam, Anera – Sabarkantha district of Gujarat, the creation of an endowment fund for ‘Cataract Surgeries’ to Blind People’s association, health equipment support to ‘Jivraj Mehta Smarak health Foundation’ in Ahmedabad, among others.

The Group has also extended support to the ‘Gujarat Cancer Society’ for spreading awareness & Prevention and joins hands during various relief interventions through partner organizations during the COVID pandemic.

About The Akshaya Patra Foundation

The Akshaya Patra Foundation is a not-for-profit organization that strives to address classroom hunger and malnutrition in India. By implementing the Mid-Day Meal Scheme in Government and Government-aided schools, Akshaya Patra aims to fight hunger and, at the same time, bring children to school. Since 2000, Akshaya Patra has worked towards reaching out to children with wholesome food every single school day. The Foundation is continuously leveraging technology to cater to millions of children. Its state-of-the-art kitchens have become a subject of study and attract curious visitors from around the world.

In partnership with the Government of India and various State Governments and the inestimable support of many philanthropic donors and well-wishers, Akshaya Patra has grown from humble beginnings serving just 1,500 school children across five schools to becoming the world’s largest (not-for-profit run) mid-day meal programme, serving wholesome food to over 1.8 million children from 19,039 schools [as of March 2020] across 14 states and two union territory in India.

RFPIO Appoints New VP Sales To Bolster Global Expansion Plans In EMEA And APAC

* Astrid Masle-Boer has joined as Vice President of Sales to lead the company’s international expansion

RFPIO, the leading response management platform, today announces the appointment of Astrid Masle-Boer as vice president of sales to lead the company’s expansion plans and continue advancing its international presence in EMEA and APAC. With an estimated 20% of the company’s revenue from the EMEA and APAC in 2021, RFPIO further aims to expand its international presence with the new leadership team.

In the last six months, the company has witnessed a strong growth trajectory on the heels of two acquisitions including the acquisition of RFP360 to bolster best-in-class response management solutions for organizations of all sizes and InHub, a leading RFx management solution for the investment community. RFPIO also preparing for a year of expansion through investments in hiring and product development.

“A transformation in sales analytics and AI is redefining the way B2B organizations buy and sell. The process has been cumbersome and slow for too long,” says Ganesh Shankar, CEO and co-founder of RFPIO. “Growth leaders have realized they need to prioritize response management and there is a global need. With a huge market opportunity, Ms. Masle-Boer will play a key role in the creation and execution of RFPIO’s global strategy by adding team members and forming new alliances to expand its presence.”

Since its founding six years ago, RFPIO’s product vision has evolved to meet the market needs and include stakeholders well beyond the sales team. The platform's user base grew by an estimated 105,000 since the start of 2021 alone.

“Astrid is an outstanding addition to our leadership team. She is a proven sales leader with a demonstrated ability to build strategic relationships and will help RFPIO scale international operations.” continued Shankar. “As organizations embrace new work methodologies and environments, Astrid will play a critical role in ensuring that RFPIO’s offering aligns with what our customers need to meet their revenue goals.”

To learn more about RFPIO,  visit www.rfpio.com/.

About RFPIO

RFPIO is the market leader in response management software, trusted by some of the world's smartest companies to support RFP and security questionnaire response, create and manage sales proposals, and resolve inefficiencies rooted in decentralized and inaccessible content and knowledge. The software's robust and bi-directional integrations, along with an open API, allow teams to digitally transform response management processes and to harness the power of the knowledge and content across their teams. RFPIO supports response management for growing organizations of all sizes including Google, Adobe, Atlassian, Microsoft, Tenable, Zoom Video and others.

For more information, visit rfpio.com or follow @rfpioinc on Twitter.

Avaya And Alcatel-Lucent Enterprise Announce Strategic Partnership To Accelerate Their Customers’ Transformation To The Cloud

Avaya (NYSE: AVYA), a global leader in solutions to enhance and simplify communications and collaboration, and Alcatel-Lucent Enterprise, a leading international provider of communications, networking and cloud solutions today announced a strategic partnership that extends the availability of Avaya’s OneCloud CCaaS (Contact Center as a Service) composable solutions to ALE’s global base of customers while also making ALE’s digital networking solutions available on a global basis to Avaya customers.

Through this partnership, ALE will offer Avaya OneCloud™ CCaaS, which provides advanced AI, Identity and Security, Workforce Engagement Management (WEM) and customer service capabilities to ALE customers. Avaya will offer ALE Digital Age Networking solutions to its customers, covering the full spectrum of enterprise wired and wireless connectivity technologies with advanced cloud platform services, leveraging the latest in IoT analytics, digital workflow, secure mobility, AI for network automation.

“We are extremely pleased to partner with Avaya to deliver market-leading CCaaS capabilities to our customers and expand the market reach of our Digital Age Networking solutions,” said Jack Chen, CEO, ALE. “The extensibility and composability of the Avaya OneCloud CCaaS platform allows us to work with an ecosystem of industry-leading partners to build with Avaya deeper and more engaging experiences our customers need.”

“We are very excited to partner with ALE to offer our OneCloud CCaaS to their global base of nearly one million customers and nearly 3,000 partners, while bolstering our portfolio with the addition of ALE networking technologies,” said Jim Chirico, President and CEO, Avaya. “The partnership we announced today is highly complementary and we believe it represents a significant opportunity for Avaya and ALE customers alike to accelerate their move to the cloud by deploying world-class cloud technologies from two global communications leaders.”

Business customers across the globe will be able to achieve their digital transformation and move to the cloud delivering differentiated customer experiences for their end customers and better work experiences for their employees.

“The addition of ALE to the Avaya OneCloud ecosystem reflects the growing strength of Avaya’s cloud offerings, as well as the success of the company’s strategy for delivering a highly composable architecture for the Experience Economy,” said Zeus Kerravala, Founder and Principal Analyst with ZK Research. “ALE benefits by gaining access to Avaya’s growing ecosystem of Experience Builders, as well as a surging customer base of companies that need support at all levels of cloud migration strategies while Avaya solutions will be enhanced through the addition of ALE’s digital age networking portfolio, including their industry-leading IoT connectivity solution. This combination of ALE’s end-to-end IoT management, plus their broader enterprise digital age network portfolio, coupled with the OneCloud Experience Platform will deliver unrivaled ability for their customers to compose the future of work, connect all elements of their enterprise, serve the everything customer, and compete in the Experience Economy.” 

About Avaya

Businesses are built by the experiences they provide, and everyday millions of those experiences are delivered by Avaya Holdings Corp. (NYSE: AVYA). Avaya is shaping what's next for the future of work, with innovation and partnerships that deliver game-changing business benefits. Our cloud communications solutions and multi-cloud application ecosystem power personalized, intelligent, and effortless customer and employee experiences to help achieve strategic ambitions and desired outcomes. Together, we are committed to help grow your business by delivering Experiences that Matter. Learn more at http://www.avaya.com

About Alcatel-Lucent Enterprise

Alcatel-Lucent Enterprise delivers the customised technology experiences enterprises need to make everything connect.

ALE provides digital-age networking, communications and cloud solutions with services tailored to ensure customers’ success, with flexible business models in the cloud, on premises, and hybrid. All solutions have built-in security and limited environmental impact.

Over 100 years of innovation have made Alcatel-Lucent Enterprise a trusted advisor to more than a million customers all over the world.

With headquarters in France and 3,400 business partners worldwide, Alcatel-Lucent Enterprise achieves an effective global reach with a local focus.

Taki, A Token Powered Social Network For Content Creators, Fuelled By Crypto Token $TAKI, Will Launch Soon In India

* Taki is incubated at SuperLayer, a leading Web3 venture studio

* Solana Foundation has partnered with Taki and provided a USD 2.5M fund to on-board content creators onto Taki

* Interested users can sign up to join the waitlist and participate in the upcoming community token sale in April

Taki, a global token-powered social network, is all set to launch the platform for users and content creators in India. India takes precedence and priority among other markets that Taki plans to expand into this year. The platform is currently invite-only, but users can sign up on the waitlist with public access coming soon. Taki brings a unique engagement platform for creators, users, and crypto enthusiasts, who can earn a daily income by simply posting content and chatting with others about things that interest them.

Users on the platform earn $TAKI, a crypto token, by creating content that other users enjoy, and by commenting on and liking posts. Taki also allows users to create their own user coin to build their own personal economy on the Taki platform. Taki aims to reward users who are spending their time every day on the internet to get entertained and engage socially. Engaging over the content themes and common passions, the users of Taki now have the opportunity for being economically rewarded with every single post exchanged, shared, or liked either by fans or the creators.

The platform allows users to earn in two ways, one through the crypto token $TAKI, and the second through individual user coins for every user ($UCOIN). In both ways, a user can earn by creating content that other users enjoy, or even by pursuing a basic level of engagement activities such as commenting on and liking the posts.

Taki becomes the first platform to introduce the concept of user coin ($UCOIN). A user coin is a monetary representation of the personal social network, where a user can buy and sell user coins using a $TAKI token. User coins can generate a new source of income for creators who are traditionally reliant on sponsored content deals. It allows users to control their personal economy with a branded coin that they own.

Taki introduces a multi-tiered crypto-economy design by allowing users to freely trade their user coins with others on Taki. It also allows existing users to buy a particular creator’s user coins at the initial stages and remain part of that creator’s economy while their community and token economy grows.

Taki is built with an “Engage2Earn" product design and integrates user coins with social media features to incentivize and reward activities that benefit the Taki community. Incubated at SuperLayer, Taki received product design advice and networking support prior to the project’s independent spin-out and launch. Taki is built on the Solana Blockchain which allows Taki to provide fast and inexpensive transactions with low environmental impact. Solana has partnered with Taki to set up a 2.5 million USD creator fund to bring content creators to Taki who can drive a high level of awareness and enhance overall user engagement for the platform.

Commenting on the pre-launch phase, Sakina Arsiwala, Co-Founder, Taki said “Taki is a work of passion and an amalgamation of vision to bring a new dimension and meaning for social content consumption. Our vision is to enable liberalization in personal economy space with the power of crypto tokens. Taki is designed to be a secure, safe and tech superior product that enables social enthusiasts to consume, invest, share, transact and build a token-based content portfolio.”

Speaking on creating economic success for the content creators in cryptocurrency, she said, “India is a hub for creative talent, and has emerged as one of the biggest adopters of cryptocurrency in comparison to the other countries. The growth of the Indian engagement economy is rooted in the success and the immense reach of content creators. Content creators are building communities, and need to evolve in their journey along with their fans. More than just enabling social popularity on the platform, Taki presents an economically rewarding opportunity for creators and their fans through cryptocurrency.”

The community token sale of $TAKI by the TAKI DAO is anticipated in April 2022 with the goal to enable broader distribution of $TAKI and promote awareness of the Taki project.

Towards Taki India launch, Kevin Chou, Managing Partner at SuperLayer said, “We are extremely excited about Taki as an emerging token-powered platform. We believe Taki is going to be a first of its kind to bridge the gap between normal netizens and Web3 experience at large. India has the real potential to nurture and grow the cryptocurrency ecosystem for the entire world.”   

About Taki

Taki is a global token-powered social network where everyone can earn a daily income by simply posting content and chatting with others about things that interest them. Users earn $TAKI, a crypto token, by creating content that other users enjoy, and by commenting on and liking posts. Taki also allows users to create their user coin to build their individual economy on the Taki platform.

About SuperLayer

SuperLayer is a community of builders creating transformative Web3 experiences that democratize opportunity and ownership of the internet. SuperLayer is made up of a team of crypto-passionate builders, founders, investors, operators, and product managers who’ve built multiple companies from zero-to-one and beyond. SuperLayer is a partner of the $RLY network, an open, decentralized network powered by its governance token, $RLY. It supports an ecosystem of consumer crypto applications to bring the next 100 million users into crypto.