The EU-India InnoCenter, an initiative funded 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 startups come with a focus on sustainability-tech, deep-tech, logistics, and mobility that will enhance the emerging tech talent pool while diversifying the technology outlook in the country. The combination of European R&D with Indian government investment in amplifying the same, will automate, digitise, and decarbonise the Indian market in these industry sectors and help deepen collaboration and innovation among European startups and the Indian Industrial ecosystem.
The EU, one of India’s largest trading partners and foreign investors, aims to deepen collaboration and innovation by bringing startups from Europe and stakeholders from India together through this initiative. The programme enables the startups to explore the Indian market, validate their offering, and learn about sector-specific opportunities and regulations while collaborating with Indian stakeholders.
Since InnoCenter’s onset in 2021, the project has screened over 400 European startups based on their
stage of development (post series A funded), annual recurring value (>USD1M), growth rate (>30% YoY), and defensible IP in India. The shortlisted startups have a strong potential and commitment to grow in the Indian market. So far, the EU-India InnocCenter has matched 40+ European Scaleups with 280+ Indian companies and India based MNCs like Mahindra, Reliance, Adani Ports and Logistics, ITC Limited, etc.
The startups already have established operations in Europe and have finessed the understanding of the Indian market through the mentor guidance programmes. The EU-India InnoCenter is hosting its first in-country flagship event called Blue Carpet Night – Showcasing European Innovation on 15th November 2022 in Bangalore. The event will be opened (virtually) by the Ambassador of the European Union to India and
facilitate a strategic networking platform for the startups to converge with Indian ecosystem players and
industries to showcase their products, technologies, and plans to scale in the Indian market. The InnoCenter
hosted its first version of the Blue Carpet Night online due to the travel restrictions, which attracted the presence of R&I counsellors from the European Commission, VCs, potential partners, large corporations, and public policy professionals.
The 10 innovative European startups in this cohort are, Cast AI, Loop, QANplatform, TokenMe, Cheesecake Energy, AgeVolt, Volektra, Echion Technologies, EnvoPAP, and Proglove. They will introduce cutting-edge technologies to the audience pool with supporting statements on how these technologies can nurture India in its growth across specific sectors. Some of these companies like Proglove, Echion, Cheesecake Energy, Cast.ai, amongst others are set to accelerate in the Indian market in the next 6-18 months. During the trip to Bengaluru, some of these startups will also interact at the Bengaluru Tech Summit under the Karnataka Digital Economy Mission (KDEM) to showcase how these technologies will help harness the full potential of the mission.
EU-India InnoCenter’s Programme Head, Juliane Frömmter, who is recognised as 40 under 40 Europe India Leader by EICI and has built Internationalisation Programmes for T-Hub Foundation, said, “Technologies
brought by these startups have a high potential in solving challenges faced by Indian industries in automating, digitising, and decarbonizing specific sectors. We have upgraded our framework to select startups with high-impact technology in sectors that require enhanced R&D in India. We believe that these startups will transfer tech and knowhow to the country while manufacturing and hiring local talent to scale in the Indian market. We are excited for our trip to India to make in-person matchmaking sessions with potential clients that will help foster strategic partnerships between India and Europe.”
Recognizing the role of the InnoCenter in deepening EU-India cooperation in innovation, the Ambassador of the European Union to India, H.E. Ugo Astuto said, "This programme will help to further foster collaboration and innovation among two of the world’s largest economies while strengthening EU-India trade relations. The first in-country Blue Carpet Night will facilitate an exchange of high-impact technologies and support transition towards a green, digital and resilient future." He added, “India is a strategic partner of the EU. As we mark 60 years of diplomatic relationship, this initiative will help to further cement our ties.”
The EU-India InnoCenter programme further plans to expand its operation allowing Indian companies to explore the European market.
46 comments
Your article helped me a lot, is there any more related content? Thanks! https://www.binance.info/id/join?ref=V2H9AFPY
Very insightful piece! Its always great to see well-researched articles like this. Lets discuss further. Check out my profile!
I’m not sure why but this site is loading incredibly
slow for me. Is anyone else having this problem or is it a issue on my end?
I’ll check back later and see if the problem still exists.
Would love to perpetually get updated outstanding blog! .
full spectrum cbd + thc gummies have been a game-changer as a remedy for me! They’re opportune, toothsome, and a great way to take the benefits of CBD discreetly. I’ve found that they employees me unwind after a long day and to put my drowse quality. Extra, shrewd exactly how much CBD I’m getting in each gummy makes it undemanding to superintend my dosage. If you’re strange forth infuriating CBD, gummies are a great starting point. Just be unshakable to choose a virtuous brand with high-quality ingredients for the superlative experience!
Thankyou for all your efforts that you have put in this. very interesting information.
hi!,I like your writing so much! share we communicate more about your post on AOL? I need a specialist on this area to solve my problem. May be that’s you! Looking forward to see you.
Good V I should certainly pronounce, impressed with your website. I had no trouble navigating through all the tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your client to communicate. Excellent task..
A large percentage of of whatever you point out is supprisingly appropriate and that makes me wonder why I had not looked at this in this light previously. Your piece really did turn the light on for me personally as far as this particular issue goes. Nonetheless at this time there is actually 1 point I am not necessarily too comfortable with so whilst I attempt to reconcile that with the central idea of the point, allow me observe what the rest of your readers have to say.Nicely done.
I like this post, enjoyed this one appreciate it for posting.
Someone essentially help to make seriously posts I would state. This is the very first time I frequented your web page and thus far? I surprised with the research you made to make this particular publish extraordinary. Excellent job!
This is really interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your great post. Also, I’ve shared your web site in my social networks!
Hello my family member! I want to say that this article is amazing, nice written and include approximately all important infos. I’d like to see more posts like this .
I like this blog its a master peace ! Glad I noticed this on google .
I keep listening to the news update speak about receiving boundless online grant applications so I have been looking around for the top site to get one. Could you tell me please, where could i find some?
Hello, you used to write excellent, but the last few posts have been kinda boring?K I miss your super writings. Past several posts are just a bit out of track! come on!
Very interesting info !Perfect just what I was searching for! “The whole point of getting things done is knowing what to leave undone.” by Lady Reading.
I really like your writing style, great info , thanks for putting up : D.
Howdy! This is my 1st comment here so I just wanted to give a quick shout out and tell you I really enjoy reading through your articles. Can you recommend any other blogs/websites/forums that cover the same topics? Thanks!
Thank you for sharing with us, I conceive this website genuinely stands out : D.
I think you have remarked some very interesting points, thanks for the post.
I’ll immediately grasp your rss as I can’t find your e-mail subscription link or e-newsletter service. Do you have any? Please permit me recognise in order that I may subscribe. Thanks.
Somebody essentially lend a hand to make seriously posts I’d state. This is the first time I frequented your website page and thus far? I surprised with the research you made to make this particular publish incredible. Wonderful task!
A formidable share, I just given this onto a colleague who was doing slightly evaluation on this. And he the truth is purchased me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to debate this, I feel strongly about it and love studying more on this topic. If attainable, as you turn out to be experience, would you thoughts updating your weblog with more particulars? It is highly useful for me. Large thumb up for this blog put up!
Perfectly indited content material, thankyou for information .
I have been absent for a while, but now I remember why I used to love this blog. Thanks , I¦ll try and check back more often. How frequently you update your site?
I’m usually to running a blog and i really recognize your content. The article has actually peaks my interest. I am going to bookmark your website and keep checking for brand spanking new information.
My brother suggested I might like this web site. He was totally right. This post actually made my day. You cann’t imagine just how much time I had spent for this info! Thanks!
I just could not go away your web site prior to suggesting that I really enjoyed the usual info an individual provide on your guests? Is going to be back often in order to check out new posts
You can definitely see your enthusiasm within the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. All the time go after your heart. “If the grass is greener in the other fellow’s yard – let him worry about cutting it.” by Fred Allen.
I am now not certain the place you’re getting your info, but good topic. I needs to spend a while learning much more or understanding more. Thanks for magnificent info I was in search of this info for my mission.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Hello my friend! I wish to say that this article is amazing, great written and include almost all significant infos. I’d like to look extra posts like this .
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
Fantastic website. Plenty of useful information here. I am sending it to some buddies ans also sharing in delicious. And naturally, thank you in your effort!
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
Hi there friends, how is everything, and what you want to say about
this piece of writing, in my view its actually remarkable
designed for me.
Feel free to surf to my site: pronerve 6 capsules
“Article writing is also a excitement, if you be familiar with after that you can write if not it is complex to write.”
What i do not understood is in reality how you are not actually much more well-liked than you might be now. You’re so intelligent. You know thus considerably on the subject of this subject, made me in my opinion consider it from a lot of varied angles. Its like men and women aren’t fascinated until it is something to accomplish with Woman gaga! Your personal stuffs outstanding. At all times care for it up!
Hey There. I found your blog using msn. This is an extremely well written article. I will be sure to bookmark it and return to read more of your useful info. Thanks for the post. I will definitely return.
Utterly pent content material, Really enjoyed reading.
I real happy to find this site on bing, just what I was looking for : D likewise saved to bookmarks.
Well I definitely liked studying it. This subject provided by you is very effective for proper planning.
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.
I’m really impressed with your writing skills and also with the layout on your weblog.
Is this a paid theme or did you modify it yourself? Either way keep up the nice quality
writing, it’s rare to see a great blog like this one these days.