EU-India Innocenter, an initiative funded by the European Union’s research and innovation framework programme Horizon 2020 has hosted eight high-impact European tech startups ready to explore and scale in the Indian market at the T-hub, Hyderabad on Wednesday.
This is the second programme in six months to promote innovation, sustainability and growth in key sectors like sustainability, health-tech, logistics, mobility and deep tech by the company.
The programme is set to provide a strategic network of ecosystem facilitators like VCs, potential partners and corporations from India and many European countries, including government representatives from both sides.
Srinivas Rao Mahankali, CEO of T-Hub, said, “The programme’s mission closely aligns with T-Hub’s mission of building a catalytic innovation ecosystem. Hyderabad has been instrumental in scaling many successful startups in India, and we are excited to see how these European startups can add value to our market.”
Juliane Frommter, Programme Head at EU-India Innocenter, said “Our goal is to create sustainable, mutually beneficial collaborations between Europe and India. Since 2021, we have matched 40+ European Scaleups with 280+ Indian companies and India-based MNCs, and are grateful to our ecosystem partners for their consistent support to the programme.”
The eight startups have been selected based on their stage of development, annual recurring revenue, growth rate, and distinctive IPs in India. The cohort includes Cast AI, AgeVolt, AEInnova, Spotlite, BOSAQ, Resistomap, Foliomax, and Newborn Solutions. Two of these startups, Cast AI and AgeVolt have already explored the Indian market peripheries during the last trip and are now ready to ‘enter and scale’ in the market. The remaining six startups are under the ‘explore and validate’ phase and will be testing their waters for the first time in India.
The startups will participate in tailored activities relevant to their needs and industry sectors. It includes stakeholder matchmaking, deeper insights on regulatory approvals and clinical validation in collaboration with CIE, IIIT, Hyderabad, a field trip to C-Camp Bengaluru, and coalescing sustainability enthusiasts in partnership with “Sustainability Mafia”, an initiative aimed at multiplying the impact of sustainability leaders through goal-oriented collaborations.
