Modiin Entrepreneurs’ Israel-based Startup Hub is going to set up an IIIC in Bengaluru
By MYBRANDBOOK
Modiin Entrepreneurs’ Israel-based Startup Hub is going to set up an India-Israeli Innovation Centre (IIIC) in Bengaluru, which will be its first startup incubation facility in India after the US, the UK and China.
A 10,000 square feet area has selected in Bengaluru facility, which is MESH’s fourth such facility globally, will be set up in the central business district of Bengaluru and will be operated by MESH itself.
Beside giving Indian startups access to Israeli investors and frontier tech talent, the Bengaluru and other upcoming incubator facilities will bring on board both Israeli and Indian educational institutions for collaboration and co-research, under which Israel’s Technion, Ben-Gurian and Tel Aviv Universities will join hands with India’s IITs and IIIT.
It is also fact that, Israel as a country is strong point into security and cyber security portfolio and they are also aligning its India strategy around government initiatives like Startup India and Digital India. Israel will team up with Indian government policy think tank, NITI Aayog, and Atal Innovation Mission, an innovation promotion platform involving academics, entrepreneurs, and researchers.
Varadarajan Krishna will head the incubation centres in India. Varadarajan Krishna (Varad) is the Managing Director of Induct India, an Indian subsidiary of Norway based Induct AS, an Innovation Management company specializing in building, managing and sustaining high end Innovation communities worldwide.
MESH founder and CEO Moshe Porat said, in a statement to a daily, “the startup incubator in Benglauru is a step towards achieving greater synergy between Indian and Israeli startup companies.”
Moshe Porat further said that, “We have many startup companies in India, especially in Bengaluru, involved in deep technology and they are looking at leveraging by aligning with global start-ups and incubation centres. We expect by starting MESH in Bengaluru, we can bring synergy in this endeavor.”
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