India–Sweden Cleantech Accelerator Hosts 27th Workshop in Hyderabad

The India–Sweden Innovations Accelerator (ISIA) successfully hosted its 27th workshop with the Swedish cleantech delegation in Hyderabad today, bringing together key industry leaders, technology providers, and sustainability experts to accelerate the deployment of innovative clean technologies in India.

The India–Sweden Innovations Accelerator (ISIA) is Sweden’s flagship bilateral initiative with India to drive cleantech and green energy collaborations. Supported by the Swedish Energy Agency and implemented in partnership with Business Sweden and CII–Sohrabji Godrej Green Business Centre, the program facilitates the entry of Swedish cleantech companies into India while enabling Indian industries to adopt globally proven sustainable technologies and deploy these at scale.

The 27th workshops in Hyderabad was organized by the Confederation of Indian Industry (CII) through the CII–Sohrabji Godrej Green Business Centre (CII-GBC), in collaboration with the Swedish Energy Agency and Business Sweden.

The event witnessed participation from 40 leading Indian companies, along with 7 leading Swedish cleantech companies, showcasing cutting-edge solutions across sectors such as energy efficiency, smart grids, IoT-enabled systems, clean mobility, advanced industrial material, resource optimization and many more.

Since its inception, the ISIA program has emerged as a cornerstone of bilateral cleantech collaboration, having:

• Introduced 80+ advanced clean technologies to the Indian market
• Enabled 250+ pilot and commercial projects across sectors
• Facilitated 50+ industry partnerships
• Supported the establishment of 7 local subsidiaries. 
• Engaged with over 1,500 Indian stakeholders

The workshop commenced with a welcome address by Mr. Gaurav Maheswari, Vice Chairman, CII Telangana and Managing Director, Signode India Limited, who emphasized that the global sustainability agenda has shifted decisively from commitments to implementation. He highlighted the growing demand within Indian industry for scalable, cost-effective, and deployable solutions to achieve decarbonization goals.

In the theme address, Mr. Pawan Tahlani, Head – New Delhi, Business Sweden, underlined the strong alignment between India’s rapidly growing energy needs and Sweden’s strengths in clean technologies, calling for deeper industry collaboration to accelerate the green transition. Highlighting India and Sweden’s shared vision for a Green Future leading opportunity in India’s energy transition and how this program can serve as a collaboration model for accelerating the transition.

Mr. Edgar Darbinyan, representing the Swedish Energy Agency, reinforced Sweden’s commitment to fostering international partnerships that enable large-scale deployment of sustainable technologies. Emphasised on how Swedish Energy Agency helps in promoting Cleantech Swedish companies and help India in its journey to energy transition through bilateral collaboration programs like ISIA and Lead IT 2.0 program.

In the concluding remarks, Mr. K. Muralikrishnan, Principal Counsellor, CII-Green Business Centre, emphasized that the transition to sustainability now requires execution at scale, supported by proven technologies and strong industry partnerships. He encouraged participants to translate discussions into actionable collaborations and pilot deployments.

The workshop featured a series of technical presentations from companies including Candela, ECAPS, Lixea, Waltero, Plexigrid and Affectus. The event also showcased success cases, including industry collaborations such as Krahn Specialty Fluids & Metalex Cryogenics Limited, followed by interactive sessions and discussions. Swedish companies presented innovative solutions tailored to India’s industrial and energy transition needs.

A key highlight of the event was the focused B2B meetings, enabling direct engagement between Swedish technology providers and Indian industry representatives to explore pilot projects, partnerships, and long-term collaborations. The ISIA platform continues to play a pivotal role in bridging global innovation with India’s industrial ecosystem, reinforcing both nations’ shared commitment to sustainable growth, industrial decarbonization, and a low-carbon future.

TCS' 1st Pace Studio in the Nordic Region Launched in Stockholm, Sweden

Tata Consultancy Services (TCS) has announced the launch of the latest TCS Pace Studio in Stockholm, Sweden to offer its customers in the Nordic region exclusive access to its innovation ecosystem. The state-of-the-art innovation hub and research centre will enable enterprises to explore the latest advancements in technology and deploy them at scale to accelerate their digital transformation journeys.

The TCS Pace Studio Stockholm is located in the Epicenter House of Innovation, a hub for over 600 technology companies and entrepreneurs. This location allows TCS to engage with the business problems and goals of the local environment. TCS Pace Studios are tailored for growth markets with vibrant innovation ecosystems.

“We are thrilled to welcome TCS Pace Studio into the Epicenter community," said Oskar Gillström, Country Manager, Epicenter Stockholm. “TCS’ new space is an excellent representation of our mission as an innovation house to fuel the collaboration between enterprises and future-focused leaders in the Swedish business environment.”

The TCS Pace Studio in Stockholm, which is the fourth globally and first in the Nordic region, joins the expansive innovation ecosystem of TCS Pace™ spread across key cities worldwide. The TCS PaceTM network includes three other TCS Pace Studios located in Riyadh, Sydney, and Letterkenny, and seven TCS Pace Ports in Tokyo, Amsterdam, New York, Pittsburgh, Toronto, London, and Paris.

The innovation hubs in the TCS PaceTM network leverage TCS’ unique methodologies, global insights, research, intellectual property, and its Co-Innovation Network (COIN™), which fosters collaboration among local startups, entrepreneurs, and academia. These collaborative environments offer enterprises a dedicated space to work with TCS’ skilled team of experts, facilitating the rapid development and launch of new digital products and services at speed and scale.

Dr. Harrick Vin, Chief Technology Officer at TCS said, “TCS Pace Studio represents our continued commitment to create co-innovation facilities in close proximity to our customers. The TCS Pace Studio at Stockholm will enable Swedish organisations to collaborate with TCS’ research and innovation ecosystem to develop novel solutions across a vast range of disciplines, at speed and scale.”

The aim of a TCS Pace Studio is to nurture a start-up culture, acting as an agile incubator that solves problems and creates opportunities for businesses. The new Stockholm TCS Pace Studio will offer clients end-to-end innovation capabilities, including consulting, design, and implementation, enabling TCS’ customers in the region to explore, build new propositions, create demos, and refine their models and strategies.

TCS’ investment in Sweden underscores its dedication to supporting the Swedish business and technology ecosystem, contributing to the country’ vision of sustainability leadership and technology innovation. Sweden was ranked 2nd in the world for innovation in Wipo’s 2023 Global Innovation Index Opens in new tab, making Stockholm the ideal location for the new TCS Pace Studio.

“Sweden is one of Europe’s fastest growing business environments with a long lineage of innovation and investments in technology. Establishing our TCS Pace Studio in Stockholm represents our commitment to meaningfully contribute to regional and Nordic business growth and economic prosperity,” said Shreerang Talekar, Head of TCS in Sweden and the Nordics. “We are excited to be a part of this thriving innovation ecosystem and co-create solutions with new and sustainable technologies that drive growth, resilience and create perpetual adaptability in enterprises."

The new TCS Pace Studio in Stockholm bolsters TCS’ presence in the Nordic region, where it has had a strong foothold since 1991. Currently, over 20,000 TCS employees support leading enterprises in Sweden, Finland, Norway, and Denmark, driving growth and transformation for some of the region’s top multinationals in sectors such as BFSI, Telecom, and Hi-Tech.

Additionally, TCS has ranked #1 in customer satisfaction for 15 consecutive years by an independent survey and has also been recognized as a Top Employer in Sweden, Norway, Finland, and Denmark by the Top Employers Institute.

India, Sweden Launch Initiative for Startups

Understanding the power of the quote two is better than one, India and Sweden have come together to work for the betterment of their respective startup industries. The two startup focused countries have collaborated to set up a mechanism in place that will work towards fostering greater cooperation among startups from each side and help them make way into each other’s markets.

“A Sweden-India ‘Startup Sambandh’ initiative has been launched by Invest India and Founders Alliance in Sweden for higher cooperation among start-ups,” revealed a government official speaking to BusinessLine.

The official also revealed that the initiative is a small part of a larger MoU signed between the two to promote startups in their respective countries.

Outside of the US and China, India’s ecommerce giant Flipkart at $11.6 billion is the the most valuable startup company. It is followed by Sweden’s $8.5 billion music streaming service Spotify in the second place and $7 billion Indian ecommerce site Snapdeal at the third place.

Startup Sambandh includes an online portal, which comes with a go-to-market guide for Swedish entrepreneurs looking to enter the India market. It will also include information on resources regarding the Indian startup ecosystem and a one-on-one facilitation programme through which dedicated sector experts will assist Swedish startups in their Indian foray.

Taking the podium at a Make in India show organised by India in Stockholm this week, Commerce and Industry Minister Suresh Prabhu said, "Sweden is an old and trusted friend who came to invest in India when it was a tough time to do business, now it is the time of business oriented structural reforms and time is ripe for these partnerships."

He further added, “Swedish makers can be the mentors to India’s burgeoning good ideas.”

The minister also shared that, “India is working with all possible institutions in the country to provide the correct ecosystem for start-ups to boom.”

The ministry organised 'Make in India: Sweden 2017' in Stockholm to enhance Indo-Swedish cooperation and explore new areas of partnership. The Indian delegation for the 2-day event was led by Commerce and Industry Minister Suresh Prabhu.

While there, the minister also invited Sweden venture capitalists and angel investors to India to explore the wide opportunity presented by the Indian startup industry, the third largest ecosystem in the world.