T-Hub Opens Doors to Australian Market for Indian Startups by Signing MoU with inQ Innovation3 years ago Saritha Keshamoni
● Under the MoU, startup exchanges between the Indian and Australian innovation ecosystems will be initiated
● T-Hub will call for applications for startups across India.
● The selected tech startups will get access to the Australian Markets
T-Hub, which leads India’s pioneering innovation ecosystem that powers next-generation products and new business models, today announced its partnership with inQ Innovation, a Global Open Innovation ecosystem headquartered in Sydney, Australia with operations in India. Both these organisations have joined hands to provide Indian growth-stage tech startups with business opportunities, market understanding and access to customers in Australia. In addition, this collaborative partnership would also enable soft landing /launchpad capabilities for Australian Scale- ups to explore and launch into the Indian market.
T-Hub’s CEO Ravi Narayan signed the MoU with inQ Innovation Global’s CEO and Director Irfan Malik at Consulate General of India, Melbourne, to facilitate and support Indian startups with the right resources, market opportunities and connections to foray into the Australian market aligned across industry sectors, while offering Australian startups a platform that enables these organization’s entry into the Indian market.
Ravi Narayan, CEO, T-Hub said, “The Australian startup ecosystem is one of the most exciting and vibrant in the Asia Pacific. Our idea behind partnering with inQ is to create an umbrella of opportunities for Indian growth-stage innovative startups to scale up in the international markets. Additionally, international startups will have a platform for seamless entry to the Indian markets, which will bring more technological advancements to our country. T-Hub’s collaboration with inQ is in the right direction to provide Australian market-access to the most disruptive and deserving startups.”
The startups will also get to validate their products and solutions and strengthen their business models and expansion strategy. They can explore the Australian market landscape through mentors, industry experts, subject matter experts and investors. Also, T-Hub will offer reciprocal services to the Australian startups interested in exploring business scaling and investment opportunities in India. The partnership also aims to enhance the global competitiveness amongst Indian and Australian startups to drive innovations within the Asia-Pacific region and cater to broader global markets.
Irfan Malik, CEO, inQ Innovation said ”I believe this partnership with T-Hub will add significant value to the startup ecosystem here in Australia and will provide local startups with a great launch-pad and collaborative relationship with potential partners in India and to validate and scale their solutions globally. In addition, this partnership will help accelerate, generate further momentum and deliver substantial outcomes under the “Australia India Innovation Bridge” program. An ongoing program of activations and cohort exchanges focused on sector-specific opportunities across both these countries have been planned and will be executed with various Ecosystem partners.