Israel-based Modiin Entrepreneurs’ Startup Hub (MESH) will set up an India-Israeli Innovation Centre (IIIC) in Bengaluru, which will be its first startup incubation facility in India after the US, the UK and China. IIIC i Bengaluru is expected to be launched mid of December this year, which will be followed by two more such incubation facilities in India.
Spread across 10,000 square feet, the Bengaluru facility, which is MESH’s fourth such facility globally, will be set up in the central business district of Bengaluru and will be operated by MESH itself.
Startups that are part of IIIC will be given mentorship and guidance and opportunities to participate at all IIIC’s Global events and experience networking avenues with potential customers.
Beside giving Indian startups access to Israeli investors and frontier tech talent, the Bengaluru and other upcoming incubator facilities will bring on board both Israeli and Indian educational institutions for collaboration and co-research, under which Israel’s Technion, Ben-Gurian and Tel Aviv Universities will join hands with India’s IITs and IIIT.
Moreover, Israel is also aligning its India strategy around government initiatives like Startup India and Digital India. Israel has also identified six cities for starting these kind of incubation centres. Each incubation centre will have around Rs 2 crore investment.
Additionally, for Bangaluru and other upcoming incubation facilities in India, Israel will team up with Indian government policy think tank, NITI Aayog, and Atal Innovation Mission, an innovation promotion platform involving academics, entrepreneurs, and researchers
Varadarajan Krish will head these incubation centres in India. Varadarajan Krishna (Varad) is the Managing Director of Induct India, an Indian subsidiary of Norway based Induct AS, an Innovation Management company specializing in building, managing and sustaining high end Innovation communities worldwide.
MESH founder and CEO Moshe Porat said, in a statement to a daily, “the startup incubator in Benglauru is a step towards achieving greater synergy between Indian and Israeli startup companies.”
Started in 2013, by Moshe Porat and Elisha Kucher, MESH is a place for startups to accelerate their business and ideas. With over 400 m2 of High Quality Co-Sharing space and offices, in-house VCs representatives and professional
services of Israel’s top firms, MESH is offering startups a platform to launch their businesses in the most
efficient and successful way.
Moshe Porat further said, “We have many startup companies in India, especially in Bengaluru, involved in deep technology and they are looking at leveraging by aligning with global startups and incubation centres. We expect by starting MESH in Bengaluru, we can bring synergy in this endeavor.”
MESH is Headquartered in Modi’in-Maccabim-Re’ut, an Israeli city located in central Israel, about 35 Km southeast of Tel Aviv, which is Israel’s major startup hub.
To recall, recently BSE Institute, a wholly owned subsidiary of leading Indian stock exchange BSE, joined hands with Israel-based Sasha Infrastructure, to promote startups and entrepreneurs in the domain of water conservation and technology.
In May, Israels Tel Aviv University and Tata Trusts joinded hands to launch the Indian Centre for Agri & Allied Tech (I-CAT) that will bring Israeli know-how and innovation to the farmers of the state of Andhra Pradesh in southern India and will be then extended to all parts of India.
Source – Deccan Herald