Startups shell big bucks for ideas; part of seed capital used for investing in R&D - The Economic Times | Competitive Edge | Scoop.it
“Earlier big corporations such as IBM, and Bell, used to invest in R &D labs and hire top notch scientists, now startups to drive innovation,”
PUNE: One innovative idea can launch a company but expanding it requires a constant stream of new ideas that several startups are now willing to pay good money for.

Several of these ventures are setting apart nearly a fifth of their seed capital for investments in research and development in sectors ranging from information technology to online retail and clean technology. While those strapped for cash are collaborating with doctoral students, partnering with research agencies or hiring ..

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