The Directorate-General for Research and Innovation (DG RTD) of the European Commission has launched a piloting initiative with the aim to foster innovation cooperation between India and Europe.
Innovation is gaining momentum in India. In particular, the Indian startup community has emerged as the fastest growing base of startups worldwide. Today, India has one of the five largest startup communities in the world.
Against this background, it was agreed at their annual summit in 2017 that both the EU and India should work towards an enhanced cooperation on innovation and technology development aiming at actions strengthening cooperation between European and Indian industries and start-up ecosystems.
... & reach out to incubators, accelerators and other relevant stakeholders from Europe and India with a specific interest in the other region. Incubators/accelerators will be matched by the team with counterparts focusing on similar thematic areas in the other region, facilitating mutual learning and exchange programmes.
This way, a long-term network will be created linking the key EU and Indian startup ecosystems.
... four networking events for incubators and accelerators which support startups that could benefit from this initiative. Two events will take place in Europe, and two will take place in India. To each event, 20 representatives from incubators and accelerators (10 from each region) will be invited. Other stakeholders are also expected to attend the events.
... incubators and accelerators to engage in further exchanges between their own staff and staff of their member startups. This includes support to create tailored incubator/accelerator exchange programmes.
... startup participation in relevant conferences and events in both regions
You already have some links to the other region’s startup communities and would like to build on these relationships
You don’t have previous links to the other region but are interested in internationalising and have a genuine interest in how innovation and business work in the other region
You want to connect to entrepreneurs from the other region and participate in relevant events to exchange ideas, expertise, explore partnerships for co-product development or market leverage
You want to benefit from the skills and knowledge of partners in the other region to develop innovative products, service and solutions to common challenges, best practise and staff exchanges
You support/host startups in sectors such as water, health, energy, bioeconomy, climate, agriculture, mobility/transport, urbanization
This initiative focuses on creating incubator/accelerator level partnerships that should act as multipliers to ultimately benefit a higher number of startups than could be reached otherwise. The initiative does not only include incubators/accelerators but also involves VCs, angel investors, corporates, and bilateral support agencies and government organisations that support innovation.
Startups can learn first-hand about breakthroughs and innovation developments in both regions
Startups from both regions can explore opportunities for co-creation of products and solutions that have socio-economic impact for both regions
Startups gain access to quality partnerships and exchange on competencies, mentors, best practices, business development, operation models, exchange of services, information, methodologies, mentors, speakers, government, university links.
Startups can internationalise faster by scaling across both regions
The initiative will foster cross-border cultural exchange, allowing startups to understand and operate across both regions
Startups receive help with localisation of their products and services
Startups receive access to talent and skilled workforce across both regions, allowing complementary resources to be pooled
As a first step, the team met with relevant incubators and accelerators in Europe and India and discussed their current activities, existing partnerships (if any) with the other region, their capacity in terms of number of startups being supported, thematic focus (sectors in which they predominantly support startups), stage of startups being supported (early stage, scale-up etc.) and their willingness and commitment to be part of this initiative.
The EU initiative consists of a virtual pre-matching programme whereby each incubator/accelerator from one region (EU/ India) will be matched with two or three counterparts in the other region. The matched organisations are then invited to devise specific action plans on how to cooperate with tangible results.
Our process of matchmaking, cross-border exchange, continuous support and helping incubators/accelerators understand operating models across both regions is designed to foster deep and long-term interactions between both regions.
The four networking events due to take place over the next two years will provide the opportunity for selected incubators/accelerators from the network created by this initiative to deepen their cooperation. Each event will run over approximately two days. The format of each event may vary but will include a combination of workshops, incubator/accelerator site visits, mentoring sessions, and startup pitches.
Our network will be launched shortly.
If you would like to receive updates on this initiative and reminders of relevant events in Europe and India, please register using our
8-9 October 2018