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Tuesday, 12 September 2017 11:30

Israel, India to Boost Start Up Cooperation 

Written by  Vijeta Uniyal

Indian IT delegation visits Israel, sees joint revenue potential of $25 billion in start up sector

India wants to strengthen ties with Israeli start ups, a visiting delegation of Indian IT companies to the Jewish State stressed. The delegation was organised by Nasscom, Indian association representing software companies, and the global consulting firm Accenture. “The Nasscom Product Council and IT consulting major Accenture plan to collaborate with Israel Innovation Authority to help startups from both countries in joint product development, knowledge transfer and in the creation of hardware ecosystem,” Indian business daily Economic Times reported.

“We are working with startups in Israel and the collaboration between the two countries will benefit the world at large with new hardware innovation.” Nasscom official Somdutta Singh told the Indian newspaper. The initiative will “also overcome the cultural challenges in workspaces in both the countries,” He added.

The objective of the last week’s visit was to “collaborate with Israel start-ups on innovation, joint product development and knowledge transfer,” Nasscom’s website stated. The members of the delegation also met with the representatives of Israel Innovation Authority (IIA), the government authority responsible for country’s innovation policy, to seek support for the technology initiatives launched in India by Prime Minister Narendra Modi.

Nasscom, which represents $154 billion in the Indian IT industry, was upbeat about the prospect of bilateral cooperation in the start up ecosystem.

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