Intel India, Israel Consulate tie up to drive innovation among start-ups
Intel India and the Israel Consulate General to South India have entered into a collaboration to drive innovation and technology development by connecting start-ups and enterprises of both countries, BussinesLine reports.
As a part of the initiative, Intel India will extend Intel India Maker Lab (its in-house hardware/systems-based startups accelerator in India) capabilities to Israeli start-ups to support development of products and solutions.
In addition, it will provide mentorship, and connect the Israeli start-ups to India market requirements and opportunities to test and deploy solutions in the India market.
In turn, the Israeli technology ecosystem, which has strong business acumen, specifically with regard to new usage models and future technologies, will make their knowledge and technical capabilities available to the Indian start-up ecosystem. This will be accomplished through trainings and workshops.
Dana Kursh, Consulate General of Israel to South India, said: “This year marks Israel’s 70 years of ‘heritage of innovation’, and India has been a key partner on this exciting journey. The Consulate of Israel to South India’s mission is to strengthen the Indo-Israeli bilateral and economic ties. Choosing to sign this MoU with Intel India as a highlight around Israel’s 70th Independence Day will bring us closer to achieving our mission.”
The collaboration also entails academia involvement through the Israel Center at the Indian Institute of Management Bangalore (IIMB), which will provide its students access to engage with both the Indian and Israeli technology ecosystem. IIMB will also help conduct seminars and workshops for entrepreneurs from both countries.
“Intel and Israel share a very strong culture of innovation and hunger to innovate. We have continuously strived to deliver cutting-edge technologies that impact the world. Intel is celebrating its 50th year of innovation journey and it is an exciting moment for us to be collaborating with the Israel Consulate to accelerate innovation and entrepreneurship in both the countries. The natural synergies that exist between the Indian and Israeli ecosystems, will help us drive innovation to deliver solutions for these markets, and for the world,” said Nivruti Rai, Country Head, Intel India, and Vice-President, Data Center Group, Intel Corporation.