Karnataka state government’s department, Information Technology, Biotechnology and Science and Technology (IT, BT and ST), is in talks with German officials to set up Indo-German accelerators in Bengaluru and Berlin that will serve as hubs for startups to grow their businesses, get mentorship as well as seed investment by providing access to venture capitalists and other private investors.
Gaurav Gupta, principal secretary, Department of ITBT, Karnataka, is leading a Karnataka delegation in Berlin, where he held talks to set up Indo-German accelerators to enhance collaboration between startups & SMEs in Bengaluru and Berlin.
Yesterday, the Gupta-led Karnataka delegation visited Digital Innovation Hub in Düsseldorf with an aim to develop new digital business models, products and solutions. Digital Innovation Hub in Düsseldorf, a city in western Germany, is an innovation centre for startups, small & medium-sized enterprises, companies and universities to develop new digital business models, products and solutions.
The Karnataka delegation visited ‘rent24’, one of the leading co-working and co-living providers in Europe, to meet startups and exchange ideas and knowledge for further collaboration between Bangalore and Berlin.
A networking event “EU-India Incubators/ Accelerators” was also held on Tuesday in Tehnopol in Tallinn, Estonia, where the delegation discussed synergies between India and Germany for exploring opportunities for Startups in terms of Softlanding etc
#Startup_kar at the #EU India Incubators/ Accelerators Networking Event in #Tehnopol in #Tallinn, #Estonia discussing synergies between both the countries and exploring opportunities for #Startups in terms of Softlanding etc pic.twitter.com/JqQY96qVtm
— ITBT Karnataka (@ITBTGoK) May 15, 2019
Separate discussions were held with Asia-Pacific Forum Berlin, SAP Labs Network, the Association of German Chambers of Commerce and Industry and several dignitaries.
Gaurav Gupta, in a media statement said, “This is also being done to promote Karnataka government’s flagship programme, Bengaluru Tech Summit, to be held from November 18 to 20. A delegation from the department is currently visiting Berlin, Düsseldorf and Munich and taking part in the Asia Pacific Week 2019 in Berlin, which started on May 13. They will engage with officials in Germany for startup engagement. So far, they have had discussions with Dr Hinrich Tholken, ambassador, special envoy for International Digital Policy and Digital Transformation, Federal Foreign Office, Germany, to share the digital trends and policies in Bengaluru.”
The delegation also met with Division of Higher Education, Science and Research, Federal Foreign Office of Germany to collaborate for R&D and student exchanges in STEM.
Earlier in January, Bavaria, a state in southeastern Germany, had invited Indian Start-Ups to explore business horizons by forging new alliances in the form of technology, business collaborations and exchange of ideas in the sectors of Information Technology, especially in the segments of Internet of Things (IOT) and Artificial Intelligence (AI).
In November last year, DMG MORI, one of Germany’s largest manufacturers of cutting machine tools and a manufacturer of CNC-controlled Lathes and Milling machines, had acquired a 30% stake in an Indian startup, INTECH, a developer of software for AM, machine learning and AI.
[Top Featured Image – Startup Karnataka@Twitter]