TechHub, which is a community and workspace for technology entrepreneurs, was recently launched by the UK government in Bangalore as TechHub Bangalore. It has a mission of supporting some 1,000 startups in India over the period of next three years. The Hub has an aim of developing an environment for technology startups. It plans to do this through an International network of focused and like minded technology entrepreneurs.
TechHub was launched in Bangalore by Nick Clegg, who is the deputy Prime Minister of the United Kingdom. Speaking at the launch, he said “India is at major crossroads in its economic destiny, and Bangalore is a shining example of how technological enterprise can be harnessed to create a powerhouse for growth. This city is among the top ten preferred locations for entrepreneurs in the world, and home to more startups than any other city in India.”
Clegg was accompanied by a strong team of 40 UK delegations to discuss opportunities for further growth in hi-tech, aerospace and manufacturing between UK and India.
Andrew Tibbitts, who is the Global Project Director at TechHub, took to the mike at the launch and said “A part of our mission is to bridge the physical distance between each TechHub and give our startup members and corporate partners access to the brightest minds and ideas in the field. If a company isn’t taking advantage of the Indian market, they’re missing out on one of the largest emerging technology markets in the world and the Incredible R&D experience and innovation it offers. Every company should have a position on India, and we’re delighted to foster closer India-UK relationship.”
TechHub will work hard to encourage forging of collaborations and an exchange of ideas. It currently functions out of the UK India Business Centre in Bangalore (UKIBC). The UKIBC has signed a Memorandum of Understanding (MoU) with TiE Bangalore to benefit UKIBC’s centre in the city, its membership in the country, UK and TiE’s network and encourage entrepreneurship between the two countries. The UKIBC has also entered into a MoU with the British Business Group, Bangalore. The UKIBC will try to deliver a wide range of services and policy advice to encourage investment and trade between the UK and southern India.