The EU-India Innovation Hub ran a week-long in-country program in Hyderabad and Bangalore from 17-22 April, featuring eight high-impact European tech startups ready to explore and scale up in the Indian market.
Posted Date – 02:45 PM, Wednesday – 4/19/23
Hyderabad: The EU-India Innovation Hub, an initiative funded by the European Union’s research and innovation framework program Horizon 2020, is back in India for the second time to promote innovation, sustainable development, sustainable development, health technology, logistics, mobility and other key areas. Sustainability and growth, and deep tech.
The EU-India Innovation Hub ran a week-long in-country program in Hyderabad and Bangalore from 17-22 April, featuring eight high-impact European tech startups ready to explore and scale up in the Indian market.
The program provides a strategic network of ecosystem facilitators such as VCs, potential partners and companies from India and many European countries, including government representatives from both parties.
Eight startups were selected based on their stage of development, annual recurring revenue, growth rate and unique IP in India. The cohort includes Cast AI, AgeVolt, AEInnova, Spotlite, BOSAQ, Resistomap, Foliomax, and Newborn Solutions.
Two of these startups, Cast AI and AgeVolt, had already explored the peripheries of the Indian market during their last visit and are now ready to “enter and scale” the market. The remaining six startups are in the “exploration and validation” stage.
These selected startups participated in the programme’s flagship Demo Day, a Blue Carpet Night at T-Hub Hyderabad – showcasing European innovations, where they pitched to potential clients, business partners, mentors, investors , ecosystem leaders and government representatives.
The flagship demo day saw ecosystem players from TCS Limited, Wells Fargo, Hexagon, CIE-IIIT Hyderabad, Heifer International, RICH and more.
Ugo Astuto, Ambassador of the EU Delegation to India, welcomed the start-ups brought in by the EU-India Innovation Hub, saying: “The EU-India Innovation Hub brings together high-impact European and Indian start-ups to drive growth, investment and collaboration priorities industry.”
“We encourage European start-ups to scale up globally, as this is necessary to address societal challenges,” said Cristina Russo, Director of Global and International Research and Innovation Cooperation at the European Commission.
Srinivas Rao Mahankali, CEO of T-Hub, said: “The mission of this program is closely related to T-Hub’s mission of building a catalytic innovation ecosystem.” Forge sustainable, mutually beneficial partnerships with India. Since 2021, we have matched more than 40 European businesses with more than 280 Indian companies and India-headquartered multinationals.”
Since the launch of the EU-India Innovation Hub, the program has more than 4,000 innovative European start-ups in the pipeline. To date, 473 companies have been screened, of which more than 90 have completed readiness training and 50 start-ups are in the process of market validation.
Below the European horizon, there are more opportunities for EU-India collaboration in research and innovation. Check out the Horizon Europe Funding and Tenders Portal.
