India-Canada collaborate on entrepreneurship exchange programs

The initiative aims to identify innovative startups in both countries and help them scale quickly across global markets. 

In the backdrop of Justin Trudeau's visit, India and Canada have been working to accelerate young startups. The bilateral agreements sanctioned by representatives of both the countries will support woman entrepreneurs through a private startup accelerator organization.

In partnership with the Department of Science and Technology, GoI and Innovation Science and Economic Development Canada (ISED), Zone Startups will identify innovative startups in both countries and help them scale quickly across global markets. 

Zone Startups India has stated that the objective of the initiative is to promote setting up of mutual startup ventures to enhance innovation and create jobs in the two nations.

Initiative under S&T Cooperation agreement

The startup accelerator program is part of Canada-India Science & Technology Cooperation agreement and puts special focus on woman entrepreneurs who have been aiming to scale their innovative products and services across global markets. 

"Such a bilateral engagement facilitated by key stakeholders, government, accelerators, incubators, and companies aims to lead ways for the better economic and social development of both countries.”

ag

Dr. Anita Gupta, Advisor and Associate Head- National Science and Technology Entrepreneurship Development Board, GoI

"The Department of Science and Technology, GoI is partnering with the Department of Innovation, Science and Economic Development, Canada to accelerate innovation, value chain, and technology commercialization through initiatives having special focus on women entrepreneurs of both our countries. Such a bilateral engagement facilitated by key stakeholders, government, accelerators, incubators, and companies aims to lead ways for the better economic and social development of both countries,” Dr. Anita Gupta, Advisor and Associate Head of the National Science and Technology Entrepreneurship Development Board, GoI.

Indo-Canada Innovation Bridge

“With the signing of this Memorandum, we will be providing a platform and opportunity for startups and corporates from both countries to access each other with support provided on the ground in a structured, programmatic way.”

jk

                           Jay Krishnan, CEO, T-hub

In a similar agreement, T-hub, government of Telangana's startup incubator has signed a Memorandum with Canada's Communitech, a community of more than 1400 tech companies to promote global commercialization of each other's startup initiatives.

With the signing of this Memorandum, we will be providing a platform and opportunity for startups and corporates from both countries to access each other with support provided on the ground in a structured, programmatic way. This will help make our corresponding ecosystems vibrant, technology-driven, and also driven by international aspirations” said Jay Krishnan, CEO, T-hub.