Technology startup incubator T-Hub and the Indo-French Chamber of Commerce and Industry (IFCCI) have entered into a memorandum of understanding (MoU) to collaborate for strengthening tech innovation.
“This one-year agreement will act as a gateway for Indian and France-based technology-driven startups to scale up globally and strengthen the robust innovation ecosystem in both the countries,” T-Hub said on the MoU.
T-Hub and IFCCI will collaborate on events and workshops to promote Indo-French partnerships in the technology and innovation sectors to bridge the gap between the French and Indian startup ecosystems, it said in a release on Friday.
The MoU was signed in the presence of Industries and IT Minister K.T.Rama Rao, Ambassador of France Emmanuel Lenain, Special Representative of the French Government for Economic Relations with India and chairman of the Board of Capgemini Paul Hermelin. Industries and IT Secretary Jayesh Ranjan and IFCCI leaders participated.
IFCCI, which has more than 650 Indian and French member companies spread across the two countries, also launched its Hyderabad chapter at T-Hub’s new facility. The new chapter in Hyderabad is to support growing French investments in Hyderabad, IFCCI president Sumeet Anand said.
With the chapter launch, IFCCI intends to promote existing French investments in the State and help them network with other companies within its extensive network, T-Hub said.
“Our partnership with IFCCI aims to address challenges and opportunities that will help boost continued growth of Indo-French relations. It also presents a chance for our startups to connect with France’s innovation and startup ecosystem and gain access to peers and industry experts,” T-Hub CEO M.Srinivas Rao said.