I managed to venture across this article while digging for my past:
http://dqindia.ciol.com/content/industrymarket/focus/2005/105122501.asp
This article is almost three years old, published approximately at the same time, when embedx stalled its operations. The generalized verdict by the author didn't fail to amuze me. Capital infused by an Angel Investor is just the bootstrap. The real problem lies in our own market, and its perception of anything tagged 'Made In India'. Embedx was not a software company, it developed its own hardware, just so you may want to know.
Imagine this Mr. Writer!!
Did embedx pave the path for future incubation projects at IIMB? Venturing out at a time when starting a product development initiative in India was not more than a bad dream. I would say a nightmare, which was dreaded by even those who were well established(in terms of cash and or experience).
