Department of Science & Technology (DST), Govt. of India and Global Venture Alliance (GVA) have sponsored a bilateral entrepreneur exchange program, entitled “India Russia Bridge for Innovations (IRBI)” which is being coordinated by IIT-B’s Society for Innovation and Entrepreneurship (SINE) in Mumbai and Global Venture Alliance (GVA) in Moscow in the second half of September this year. A cohort of ten innovative startups from across India will participate in a 2-week accelerator program in Moscow that will include educational, practical, networking and cultural components aiming to facilitate a structured introduction into the Russian market.
The program is the first initiative between India and Russia that will focus on science and technology based entrepreneurship. The entire program is fully sponsored and supported by the Government of India’s Department of Science and Technology (DST), and the GVA in anticipation that partnerships and collaborations forged in course of IRBI, will not only lay foundations for increased bilateral trade across the nations, but also further goals of key national initiatives like Start-Up India, Make-in-India and Digital India.
The selected startups are in areas of medical devices and applications, energy, IoT, Edtech and Retail Tech. The expected outcome of the program is for the entrepreneurs to acquire knowledge from experts in Russia in order to find partners, clients and test their products in local market through a collaborative ecosystem. There is also a potential to pioneer new cross border partnerships and collaborative programs between the two countries.
About the India Russia Bridge for Innovations (IRBI)
The program with its educational, practical, networking and cultural components will facilitate a structured introduction into Russia for the participating startups. This two week immersion program will cover a plethora of topics ranging from the ways to engage the 150 million strong Russian market to the nuances of doing business there. The entrepreneurs, other than attending networking events with a wide range of industry stakeholders, will also be attending what is touted as the one of the world’s largest innovation conventions, the IASP 2016 with the theme of ‘The Global Mind: Linking Innovation Communities for Internationalization, Sustainability and Growth’. As part of IASP, the cohort will also visit the Skolkovo Innovation Park, a one-of-a-kind Innovation and Entrepreneurship hub just outside Moscow.
About the Start-Ups
Field Assist – Divir Tiwari – is an on-field sales monitoring tool for mobile sales teams using smartphones and tablets. http://fieldassist.in
Ecolibrium Energy – Harit Soni – Big Data Energy analytics Platform provides the insights that increases operational efficiency of utilities, commercial & industrial consumers by optimizing energy usage and improving asset utilization http://ecolibriumenergy.com
Transcell Biologics – Dr Subhadra Dravida – Transcell is a Biotech company with a strong commitment to develop innovative and transformative stem cell based approaches in advancing evidence based practice in disease management. http://transcell.in
Frodo – Amardeep Singh – a technology start-up striving to create the perfect adventure camera called Frodocam which could be the world’s first truly wearable camera which you can strap on your wrist, head, bike or any adventure gear. . http://www.frodocam.com
A3 RMT – Vishal Shah – customizes wireless portable medical technology to tackle area-specific healthcare inefficiencies in emerging markets, with innovative and reliable products. http://a3rmt.com
Medprime Technologies – Binil Jacob – is a medical device company, dedicated to developing the best, customer-centric solutions for the healthcare needs of people around the world, with a focus on patient monitoring, assistive and diagnostic devices. http://medprimetech.com
CareNx Innovations – Aditya Kulkarni – builds technologies to deliver healthcare services to remote patients using mobile platforms, it’s latest offerings are in the prenatal caregiving sphere http://carenx.com
Algosurg Products – Amit Maurya – is developing the next generation of products, that can revolutionise the way surgeries are being performed, using advanced computing methods, enhanced visualisation and automation. http://www.algosurg.com/
Campus Time – Amruta Desai – is a mobile app for students on college campuses to engage with their college community by making it easy to connect, collaborate and explore. http://www.campusti.me
ShopsUp – Anmol Vij – is a hyperlocal store discovery app with cognitive capabilities, which enhances the shopping experience of it’s users and helps brick and mortar stores to get more relevant foot traffic to their stores. http://www.shopsup.com