Indian and French Govt. Agencies Join Hands To Promote Startup Ecosystem Cooperation

Government agencies of India and France -- 'Invest India' and 'Business France', have joined hands by signing an MoU to promote investment facilitation and cooperation between start-ups of India and France.

Both the agencies will collaborate to promote business and startup ecosystem cooperation through joint activities and exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in the French and Indian private sector, creating a dedicated support structure to facilitate inbound companies and startups.

The goal of MoU will essentially be to facilitate direct foreign investment by providing practical investment information to enterprises/startups and support the companies pursuing those opportunities which contribute positively to economic growth of the two countries, Commerce and Industry Ministry said in a release.

Set up in 2010, ‘Invest India’ is government of India’s official investment promotion agency dedicated to investment promotion and facilitation. It acts as a single window facilitator and structured mechanism to attract investment. Between Oct 2014 and Sept 2017, the agency has brought in foreign investments worth $7.4 billion.

Deepak Bagla, MD and CEO Invest India, said that the partnership, between Invest India and Business France, will result in the cross-pollination of ideas, talent and technologies between the start-up ecosystems of India and France, which are among the world’s largest and most vibrant.

A MoU was signed between #InvestIndia and #BusinessFrance to promote business and #startup ecosystem cooperation. It aims to strengthen institutional knowledge and identify opportunities between businesses in the French and Indian private sectors. pic.twitter.com/HmBkdnzKf0

— Business France IN (@BF_India) July 25, 2018

'Business France' is a French Government agency created in January 2015 through a merger between UBIFRANCE, a French agency for export promotion, and InvestInFrance, an another French agency for International Investment. It promotes International Business Development for French companies and professionals through a worldwide network of 80 Trade Commissions, which have worked with over 7,500 SMEs & mid-caps during 2017 itself. Business France mobilizes the expertise of 1,400 persons in France and in 70 other countries.

Also Read - India, Sweden Launch Initiative for Startups

Sophie Clavelier, Director South Asia Business France, stated that, by entering into this agreement with India, the aim of Business France is to create new opportunities, catalyse joint collaboration, and help innovative startups to be successful.

It is to be noted that 'Invest India' is as a joint venture entity between the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry (35% equity), Federation of Indian Chambers of Commerce and Industry (FICCI) (51% equity), and State Governments of India (0.5% each).

The Ministry said that the french partnership will strengthen the existing business relations between India and France and provide a seamless facilitation channel for new businesses and innovations from India and France to grow in the French and Indian markets. Make in India campaign is also being managed by Invest India.

Meanwhile, India has recently become the world's sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017.

Via - KNN India

[Top Image - French President Emmanuel Macron with Indian PM Modi | Via - Hindustan Times]

New Startups: ReduceData Advertising, TinyClues SaaS CRM, RoomnHouse & SwakulaMatrimony

From today onwards we are starting new section -New Startups Weekly, these are startups that we are unable to profile due to difference in time we have and bulk of emails we get from these startups. Below are some new startups that we got to know from email correspondence and are worth to get profiled on IndianWeb2, however not able to get detailed article we are profiling them together - ReduceData US based startup, TinyClues is France Startup and  the other two - RoomnHouse and SwakulaMatrimony are Indian based startups.

Reduce Data

Reduce Data is a programmatic advertising platform allows advertisers to buy ad inventory using Real-time Bidding. Reduce Data delivers significantly optimized display advertising by leveraging 'Big Data' technologies, real-time machine learning and real-time decisioning system is able to quickly decide the best quality Ads for the incoming impression within 2 milliseconds and it has ability to target audiences across mobile, tablets and desktop including the ability to select various audience segmentation options.

With Reduce Data, you can target and reach audiences by country, state, city/zip-codes or IPs. Reduce Data is based out of Sunnyvale, CA, US with offices in Chennai, India.

TinyClues

Tinyclues is a full SaaS based CRM platform for marketers which operates on cloud-based predictive technology. This predictive CRM platform packages cutting-edge big data algorithms into ready-to-use business scenarios aimed at marketers' day-to-day needs.

Interestingly the startup company claims the CRM is developed by a team of high profile mathematicians and programmers and lets end users and marketers leverage the power of their data in just a few clicks and delivers 30% or more additional revenue compared to competing approaches. The startup is based out of Paris, France.

RoomnHouse

RoomnHouse is founded in November' 2012 and is a local community marketplace for people to search, discover, list and make use of the ultimate locations in any area of their choice. It’s a common man’s destination place. Whether you need to rent out your private space to earn a quick penny, or you are in desperate needs of a place to match your requirements, be it a small get-together, a family or a business function, or just need an accommodation for your next visit; RoomNHouse is the place to be.

RoomnHouse is based out of Mumbai, India and caters to local people in India. The startup tries to bridge the gap between travelers and hosts. RoomNHouse spans travelers to unique experiences, at any price point, across the nation. And with world-class customer service, RoomnHouse is the easiest way for people to monetize their extra space and showcase it to the outside world, all for the cost of absolutely nothing.

SwakulaMatrimony

SwakulaMatrimony is a not-for-profit matrimony site, primarily developed to assist brides and groom in their partner search. It is a free site for the swakula sali community( one of the community among Hindu). The USP of this matrimonial websites is that it have quite a few features that other matrimonial sites have paid subscription such as - Google map search, Check Kundali and viewing private contact details.