India and Israel signal MoU to speed up innovation and know-how cooperation

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Ahmedabad: India and Israel on Tuesday signed a Memorandum of Understanding (MoU) to provoke a bilateral program in a bid to speed up innovation and know-how cooperation between start-ups and corporates from each international locations. The goal of this program is to carry collectively Israeli and Indian entrepreneurs and startups to collaborate on progressive initiatives. 

The MoU was signed between Israel’s Start-Up Nation Central and India’s International Centre for Entrepreneurship and Technology (iCreate). iCreate was established in 2012 to create a hi-tech start-up ecosystem. It has been working with Israeli universities and accelerators from the 12 months of its basis. The new campus of iCreate was inaugurated by Israel’s Prime Minister Benjamin Netanyahu and Prime Minister Narendra Modi on January 17, 2018.

iCreate and Start-Up Nation Central will provoke a singular Online Acceleration Program for market penetration to work with related applied sciences that match up with necessities originating from Indian firms.

“The program will begin by defining a set of challenges that will then be shortlisted to the most relevant solutions and technology providers. This will be followed by a matchmaking mechanism that will be developed by leveraging both countries’ networks to support the process of adaptation and piloting these solutions in India,” learn an announcement by the Embassy of Israel.

The Israel-India rising partnership has developed right into a strategic partnership lately, and for the reason that starting of the COVID-19 pandemic, the 2 international locations have collaborated on a lot of joint ventures similar to Operation Open Skies and the mixing of Israeli medical gear and applied sciences in Indian hospitals.   

Ambassador of Israel to India, Dr Ron Malka stated, “Today we shut a circle. A circle that began in 2018 when PM Modi and PM Netanyahu inaugurated this vital incubator, iCreate, and now, two years later, we’re signing, on the very spot the place they stood, an MoU on innovation between Israel’s Start-Up Nation Central and India’s iCreate.”

“This settlement is a crucial milestone within the rising innovation collaboration between Israel and India and stands in keeping with the visions of the Prime Ministers. Israel has essentially the most startups per capita worldwide, and India is the highest innovation vacation spot in Asia. Together, each international locations proceed to type partnerships and collaborations in know-how and innovation to resolve a variety of world points like COVID 19, renewable power, and extra,  implementing high-end applied sciences like AI, large knowledge evaluation, and extra,” Malka added.

“This MOU is an important step in realizing the potential of the India-Israel relations in the field of innovative technologies,” stated Proffesor Eugene Kandel, CEO of Start-Up Nation Central. “I’m confident this partnership will pave the way for more Israeli startups to collaborate with Indian organizations and firms to develop and implement cutting-edge Israeli technologies that address India’s and the world’s most pressing needs. We look forward to collaborating with i-Create, identifying Israeli partners to jointly develop solutions to the current challenges in India.”

The MoU was signed by Prof. Eugene Kandel, CEO of Start-Up Nation Central from Jerusalem, and Anupam Jalote, CEO of iCreate from Ahmedabad. Professor Vijay Raghavan, Principal Scientific Advisor to Government of India was current within the occasion via video-conferencing, whereas Dr. Ron Malka, Israel’s Ambassador to India and Yaakov Finkelstein, Israel’s Consul General in Mumbai have been bodily current. Others who have been current nearly have been Sanjeev Kumar Singla, India’s Ambassador to Israel. Chief Minister of Gujarat, Vijay Rupani despatched his finest needs via a video message. 

Start-Up Nation Central is an impartial non-profit group that builds bridges to Israeli innovation. Start-Up Nation Central connects enterprise, authorities, and NGO leaders from around the globe to Israeli innovation that may assist them reply their most urgent wants.The group permits free entry to Finder, Start-Up Nation Central’s on-line discovery platform that maps greater than 6,600 Israeli start-Ups and Hi-tech corporations, together with in-depth insights about Israel’s innovation sector.

The partnership between the 2 entities was established with the encouragement and assist of the Embassy of Israel to New Delhi and the Governments of India and Gujarat, within the hope of reaching the total adaptation of applied sciences and collaborative enterprise fashions that may type the premise of long run, a sustainable collaboration between the innovation and startup ecosystems of each nations.