Well, it is been a while that I didnot have any postings on my blog.Nevertheless, I must mention my meeting with one young guy last sunday. I got in touch with him through Genportal. He had worked on a business idea and converted it into a business plan. What I liked about him was the level of confidence he exuded. He is done sufficient amount of research. Even though there are a few areas in which he needs to put in more effort but it's an innovative idea and should work here in India. He is looking for funding and anybody who is interested can post your comment and I will redirect you to him.
As I have already mentioned previously that funding for a startup is a big challenge in India. There are VCs operating in India but the number is very limited. There are a few banks and FIs who claim that they give SMEs financing high priority. So far I dont have any personal experiences but couple of my friends have and their experience is not very encouraging. However let me list some of them and I hope you might have a better experience.
ICICI Bank - www.sme.icicibank.com

SBI - Search for SME

SIDBI Bank

IL & FS Investment - http://www.ilfsinvestmentmanagers.com/iimlnew/empower.htm

I came across a good technology breakthorugh called ZINK. It is a printing technology that works in a unique way. The key to this breakthrough is the composite material having Dye crystals embedded in the paper itself. As these crytals are colourless, the printing paper also looks white, like any other printing paper. There is a protective layer over the paper. Now, the printer emanates heat to enable dye crystals in the required colour. The printer plays a minor role in this and that's what sets it apart from the normal printing, we are used to. They call it "Zero-ink or ZINK" printing. You can find more by visiting http://www.zink.com/.