The US-India Business Council (USIBC) joined hands with the International Centre for Entrepreneurship and Technology (iCreate), an entrepreneur incubation centre based in Ahmedabad. After this partnership, the USIBC will support the iCreate in areas like innovations, startup collaborations, sharing of mentorship programmes, research and development labs for pilot programmes, establishing centres of excellence and innovation, exploring funding opportunities for entrepreneurs and other allied activities.
The member of both the organizations expressed happiness on this partnership and hoped it will help to build a strong startup ecosystem in India.
USIBC Chairman and Cisco Executive Chairman, John Chambers opined, “An institution like iCreate taps in to the entrepreneurial spirit of Gujarat, providing the younger generation with opportunities for employment and financial prosperity. The opportunity for collaboration between U.S. companies and Indian start-ups has never been better, led in large part by India’s booming innovation ecosystem where an estimated three to four new startups emerge each day. These partnerships are vital to fulfill Prime Minister Modi’s vision of ‘Digital India’ and ‘Start-up India’.” He praised iCreate for developing a strong startup ecosystem for innovation-based start-ups.
USIBC President, Dr. Mukesh Aghi said, “The partnership with iCreate is a necessary and timely enterprise. The Council is well positioned to provide greater levels of support to start-ups and entrepreneurship with its membership base of 400 companies from diverse business areas.”
Parag Amin, iCreate Chief Mentor expected that this partnership brings together best of both the worlds. USIBC offers access to cutting edge technology along with capital and iCreate brings the entrepreneurial spirit of the State of Gujarat. The goal is to succeed in Gujarat and then replicate the model to across the country.
The announcement comes ahead of the Council’s annual west coast summit to be held in Menlo Park, California— an annual gathering of leaders from the private sector and the government focusing on critical issues in the U.S.-India Technology Partnership. As part of the partnership, iCreate is USIBC’s knowledge partner for the upcoming summit.
USIBC will launch a webinar series called the U.S.-India Start-Up Dialogue to reinforce the bilateral trade relations. The series will highlight startups from an exciting growth industry to a diverse audience of USIBC members, government stakeholders, and other partners.