The country’s first India-Israel Innovation Centre (IIIC), an entrepreneurial technology hub, was launched in Bengaluru on Wednesday. The IIIC is a significant step towards facilitating penetration of Israeli companies in India and aims to forge local partnerships and joint ventures between companies from the two countries.
It will provide an ecosystem to support entrepreneurship, partnership with vendors, mentoring and non-formal community development that will assist the growth of the companies in different verticals and covers business, technology, investors and customers.
Start-ups that are part of IIIC will be given mentorship and guidance and opportunities to participate at all IIIC’s global events and experience networking avenues with potential customers.
The IIIC was launched by Ramanan Ramanathan, Mission Director, Atal Innovation Mission, Ariel Seidman, Deputy Counsul-General of Israel, Moshe Porat, Founder and CEO, Mesh Labs, and Varad Krishna, Founding Partner of IIIC.
Speaking on the launch, Dana Kush, Consulate-General of Israel to South India said, “We are proud to witness the launch of IIIC, which reinstates that the formula of ‘India + Israel= Innovation’ works. Our role as diplomats is to find the best possible ways to connect India to the Israeli ecosystem and vice-versa, especially while both nations are focusing on start-ups. I wish IIIC to be another productive milestone in connecting the countries and pave the way for many more successful businesses to grow and transform. There would have been no better place than having this launch in India’s Silicon Valley here in Bengaluru.”
“The launch of IIIC, at the IoT India Congress in Bengaluru, the first ever in India that aims to meet the long pending need to connect the start-up ecosystems of Israel and India to improve quality, and thereby, the survival rate of the start-ups from our country,” Varad Krishna, Founding Partner of IIIC.
Shekhar Sanyal, Director and Country Head, IET said, “The launch of the IIIC was an exciting part of the third edition of the IoT India Congress that concluded today. We at the IET are proud to have collaborated with IIIC and our aim is to facilitate more such opportunities, which will help in building a robust ecosystem”. – The Hindu Business Line