The EU-India InnoCenter, a programme financed by the European Union’s research and innovation framework programme Horizon 2020, is bringing high-impact and unique tech startups (Series-A funded) to explore, enter and scale in the Indian market.
The ventures are coming for the first in-country flagship event, Blue Carpet Night, to be hosted by EU-India InnoCenter in Bengaluru. The Ambassador of the European Union to India Ugo Astuto will virtually launch the meet. The event will showcase European Innovation on November 15.
The visiting technology start-ups are focused on sustainability-tech, deep-tech, logistics, and mobility. Their visit is expected to augment the emerging tech talent pool and help in diversifying the technology outlook in the country.
In the last six months, more than 100 European start-ups have been screened by the EU-India InnoCenter. At the end of the process, 10 ventures from the present group are coming to build a strategic network in the Indian Innovation Ecosystem. These startups already have operations in Europe and have an understanding of the Indian market. The combination of European R&D with the Indian government’s investment will help not only the Indian market, but also extend innovation and collaboration among the Indian Industrial ecosystem and European startups, said the statement issued by the EU-India InnoCenter.