The EU-India Innovation Centre (EU-India InnoCenter) announces the start of its operations as part of the initiative to help European startups to work with Indian counterparts.
The project will select and prepare European startups to collaborate with Indian companies, stimulating bilateral cooperation between India and Europe.
The EU-India InnoCenter project’s coordinator Indre Kulikauskaite, from Civitta, declares that the initial target is to add 70 of the main ecosystem players from both regions to their network and offer internationalisation training for around 500 mature European startups.
With the ambition of exchanging knowledge and exploring collaborations among each other, ecosystem builders, corporates, and public entities will form a team of ambassadors with access to a leading Euro-Indian community of innovators.
Interested companies can register at: www.euindiainnocenter.eu
Taking into account the growing importance of Indian startup ecosystem, EU-India InnoCenter began its operation as a consortium that is formed by 6 complementary companies with extensive experience and high credibility in programme development in Europe and abroad.
The Indian representatives for InnCentre are Mantra Foundation and 91springboard and the European partners are Civitta, German Entrepreneurship GmbH, DutchBasecamp and uGlobally. The project has received funding from the European Union’s Horizon 2020 coordination and support action programme under grant agreement No. 101004815.
Juliane Frömmter, from German Entrepreneurship GmbH, emphasised the importance of the exchange of knowledge and technologies between European and Indian innovators.
“We bring together the top specialists in internationalisation, and the best local partners in each business sector, to offer European entrepreneurs a complete package guaranteeing a successful entry into the Indian market,” said Juliane Frömmter.
Commenting on the new initiative, Mantra Foundation Jay Krishnan said India is slated to be the fastest economy in 2021 and thus provides an exciting opportunity for European innovations to find new markets.
“European innovations looking to play out the adage of ‘Think global, act local’ couldn’t have found a better marriage than being discovered on this platform as the startups look at a buzzing India,” said Jay Krishnan.
As the global economy expands, Jay Krishnan said the EU- India Innocenter will be a tremendous platform for European innovations in creating an India- beachhead with a plethora of offerings ranging from internalisation, market immersion to scaling”.
Expressing happiness over the development, Sudheer K V Sudheer from 91springboard added that India is a rising star, being one of the largest startup ecosystems in the world.
“This project brings together specialists in internationalisation and innovation for win-win partnerships and we are prepared to offer all the support needed in more than 20 locations in India,” said K V Sudheer.
Prateek Jain from 91springboard said the EU-India InnoCenter platform will bring in 2 economies together to flourish the startup ecosystem globally and this is the right time for the European startups to explore Indian Market as the economy is growing at a very fast pace.
“We look forward to supporting in all possible ways from the beginning till the end and also in the future by creating the EU-India InnoCenter entity in India,” said Prateek Jain.