Prime Minister Narendra Modi, along with the Prime Minister of Israel, Benjamin Netanyahu have launched a bilateral innovation challenge for startups in Israel and India, it will be called the India-Israel Innovation Bridge . The Israel Innovation Authority and DIPP (Department of Industrial Policy and Promotion), Ministry of Commerce & Industry, Govt. of India have come together for the challenge.
The challenge will be hosted on the India-Israel Innovation Bridge which is an online platform to facilitate bilateral collaboration between Israeli and Indian startups, tech hubs, corporations, and other key innovation ecosystem players in both countries. It will provide comprehensive guides and toolkits to help startups explore expansion opportunities.
iCreate (Ahmedabad), T-Hub (Hyderabad), and Pears Program have made an initial commitment to the selected startups that will be chosen at the innovation challenge. Corporate partners of the challenge include Omnivore Partners, Ernst & Young, PwC, among others. The participating startups will be selected by a joint panel of judges to give an opportunity to further develop their solutions through a unique programme managed by Invest India and Israel Innovation Authority. These startups will have an opportunity to interact with end users, investors, corporations, and other potential partners in both countries. They will also get a chance to have a cross-border mentorship and incubation/acceleration prizes. And not just this, they will also have an opportunity to participate in an exclusive co-creation summit in India with industry leaders, experts, and potential partners, among other benefits.
Through this collaboration, the startups will be working to develop solutions to some of the world’s most critical challenges in agriculture, water, and digital health. The aim of this initiative is to leverage the technological strength of Israel with Indian market access to develop technology solutions.