Factual
ideabaaz names Mudit Kumar as co-founder and COO
NEW DELHI: Ideabaaz, an Indian platform aimed at supporting startups, has appointed Mudit Kumar as its new co-founder and chief operating officer. Kumar brings nearly two decades of experience in private banking and wealth management, having previously worked with prominent financial institutions such as the Aditya Birla Group, ICICI Securities Private Wealth, and, most recently, LGT Wealth India.
During his career, Kumar has advised ultra-high-net-worth individuals and family offices on wealth strategies and strategic investments. His experience extends to curating cross-border asset management solutions and integrating startup ideations into client portfolios. An active participant in India’s vibrant startup ecosystem, he has also invested in and mentored founders of early-stage ventures in sectors like climate tech, spacetech, healthtech, legal tech, and fintech.
In his new role, Kumar will help lead Ideabaaz’s mission to connect innovators from across “Bharat” (a term for a more inclusive, rural India) with capital, mentorship, and markets. The company aims to democratise access to these resources, particularly for founders from Tier 2 and Tier 3 cities who often struggle to get the exposure and support they need.
“Ideabaaz is more than a platform—it’s a movement to bring ambitious ideas and capable founders into the spotlight,” said Kumar. “I’m excited to help shape its journey and create meaningful opportunities for startups across India, especially from emerging cities.”
The appointment is expected to strengthen Ideabaaz’s focus on building a structured framework for innovators from smaller cities to thrive. The company was co-founded by Jeet Wagh and describes itself as “Bharat ka apna startup manch” (India’s own startup platform).
DUBLIN: Ireland is betting big on reality television. In a move that has Hollywood scouts scrambling for their passports, Dublin has unveiled Europe’s first tax credit dedicated solely to unscripted programming—think The Traitors rather than Game of Thrones.
The scheme offers producers a juicy 20 per cent rebate on qualifying expenditure, capped at €15 million ($17.5 million) per project. It’s a cultural credit with strings attached: programmes must pass a test proving they genuinely promote Irish and European culture. No word yet on whether Love Island derivatives need apply.
Ireland tánaiste and minister for finance Simon Harris says the incentive will cement Ireland’s reputation as a “centre of excellence” for audiovisual production. His colleague, minister for culture, communications and sport Patrick O’Donovan, insists Ireland has “the talent, creativity and production expertise to lead” in unscripted television. Bold claims for a nation that has spent decades exporting scripted drama.
The timing is canny. Unscripted production costs have soared globally, making Ireland’s existing infrastructure—and now its tax breaks—increasingly attractive. Fox Entertainment Studios already churns out shows like Beat Shazam and The Floor from Irish studios. Whether these American productions will pass the cultural test remains to be seen.
Producers must secure an interim cultural certificate before filming begins, allowing them to claim credits during production rather than waiting until wrap. A final certificate follows completion. The European Commission has blessed the scheme through December 2028.
Minimum thresholds apply: productions must cost at least €250,000, with eligible expenditure above €125,000. Only one season per project can claim relief in any 12-month period, though producers can juggle multiple projects.
Britain, take note. The UK industry has clamoured for similar support for 18 months, but Westminster has dithered. India’s ministry of information and broadcasting pay heed. Its incentive scheme for co-productions excludes unscripted television. To what end, no one knows! Ireland, meanwhile, is already rolling out the red carpet—or should that be green?
The message from Dublin is clear: when it comes to backing reality TV, Ireland isn’t messing about. Lights, camera, tax action.
