Saturday, March 02, 2024
Outlook.com
Outlook India
Outlook Business

The 'UK-India Emerging Tech Exchange Programme' Selects 10 Start-Ups To Drive AI and Semiconductor Innovation In India

The selected start-ups are Alice Camera, B-Secur, ValueChain, Wootzano, Zeal Pay, Biva.AI, Monitra Healthcare, StarBuzz.AI, SegriTech, and BluJ Aero

The 'UK-India Emerging Tech Exchange Programme' Selects 10 Start-Ups To Drive AI and Semiconductor Innovation In India

Outlook Start-Up Desk

POSTED ON January 18, 2024 2:28 PM

Start-up incubator T-Hub announced the selection of 10 start-ups in partnership with the UK Government's 'UK-India Emerging Tech Exchange Programme'. This partnership marks the launch of the 'UK-India Emerging Tech Exchange Programme,' a joint effort to foster collaboration and drive advancements in cutting-edge technologies, seeking to use both nations' capabilities in artificial intelligence (AI) and semiconductors.

The programme will facilitate knowledge exchange, establish relationships with key entities in India, and highlight the strengths and advancements of both nations' industries. T-Hub will assist in implementing the emerging technologies accelerator programme for UK companies through knowledge-sharing sessions, resource access, and mentorship opportunities, boosting cooperation, research, and innovation. They will also provide networking opportunities showcasing UK strengths as a partner in innovation, academia, and VC and explore opportunities for more collaborations in India. 

The selection process meticulously identified ten start-ups—five from each country—aligning with the programme's core focus on cutting-edge innovation and high-growth potential. These companies, operating at the minimum viable product stage or beyond, have demonstrated notable traction in their respective fields. The selected start-ups are Alice Camera, B-Secur, ValueChain, Wootzano, Zeal Pay, Biva.AI, Monitra Healthcare, StarBuzz.AI, SegriTech, and BluJ Aero. 

Mahankali Srinivas Rao (MSR), CEO of T-Hub, noted that India's start-up ecosystem is rapidly emerging as a focal point for chip innovation, driven by a deep-tech talent pool, a thriving start-up landscape, and swift technology adoption. "The collaborative effort between India and the UK under the UK-India Emerging Tech Exchange Programme aims to leverage these advantages. In sync with this visionary collaboration, T-Hub is collectively paving the way for start-ups to accelerate their growth and make impactful strides in the ever-evolving realm of technology," he said. 

Over the past six years, Hyderabad-based T-Hub Hub has nurtured over 3,000 start-ups, 150 mentors, 350 corporate partners. Its start-ups have raised $3.5 billion in investments, and it has delivered more than 100 innovation programs to date.

Christina Scott, the British Deputy High Commissioner to India, said, "The UK-India Emerging Tech Exchange continues our work to connect the UK and India's innovation ecosystems. Through T-Hub's exciting programme we can strengthen knowledge-sharing and market access in critical technologies like AI and semiconductors, enhancing our two countries' prosperity and security. We're excited about the accelerated growth it promises for both UK and Indian start-ups."

The programme will offer selected entrepreneurs opportunities such as a dynamic innovation ecosystem, live market access, expert sessions, financial aid, mentorship, and networking opportunities, providing remarkable assistance to entrepreneurs seeking overseas expansion and localisation of their idea. The three-month program is slated for completion in March 2024, marking a transformative journey for these start-ups.

  • Related Articles

    The partnership has enabled Capital Now to onboard its customers faster, reducing the overall turnaround time for digital loan disbursement by 25 per cent over their incumbent solution

    FinBox And Capital Now Partner To Speed Up Digital Underwriting By 40 Per Cent

    The State Start-up Ranking Framework 2022, a rigorous and results-driven strategy, evaluated responses from 33 states and Union territories under five categories

    Telangana Secures Top Performer Position At DPIIT State Start-Up Ranking

    DMI, backed by a substantial $1.5 billion in equity investment from global institutional investors and international banks, didn’t reveal the value of the deal

    DMI Group Acquires BNPL Fintech ZestMoney In A Distress Sale Deal: Reports