Capsula.Studio at Tel Aviv University has partnered with a commercial vehicles seating and interiors company, Pinnacle Industries, to establish a startup accelerator, Pinnacle Capsula.Studio in Pune.

The Studio has been conceived as a not-for-profit entity which will be located at The BHAU Institute which is a part of the College of Engineering. It will act as a bridge between Indian and Israeli entrepreneurs and will allow novel ideas rapidly gain market traction.

The partnership aims to accelerate innovative entrepreneurs to market through Capsula’s proven 'Mentored Customer Validation' program and knowledge center which connect entrepreneurs with global value network players and the research community.

Sudhir Mehta, CMD, Pinnacle Industries, said, "Incubators and accelerators continue to play an important role in the growth of the Indian startup ecosystem. Pinnacle Capsula will mentor and foster such talent and ideas focused on IP creation and provide them with the right guidance, opportunities and approach.”

Pinnacle will provide the initial funding and endeavor to develop sustainable partnerships with prospective investors and value network firms.

The initial focus of Pinnacle Capsula.Studio Pune is Smart Mobility, with additional domains to be added in the future including agriculture and food, health and medicine, education and other sectors which can bring-in major economic and societal benefits to India and the world.

Pinnacle Capsula.Studio Pune will commence its first term in 2018, as reported by ET.

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