IIT-B, Russian entity in startup exchange programme

September 14, 2016 12:00 am | Updated November 01, 2016 06:21 pm IST

In the first initiative of its kind, IIT Bombay’s Society for Innovation and Entrepreneurship (SINE) has partnered with Moscow-based Global Venture Alliance (GVA) to run a bilateral entrepreneur exchange programme in Moscow. The programme will have a special focus on the science and technology sector later this month, IIT Bombay officials said. Titled India Russia Bridge for Innovations (IRBI), the programme will enable 10 innovative science and technology-based startups from India to participate in a two-week accelerator programme in Moscow from September 17, to facilitate their structured introduction into the Russian market.

Sponsored by the Union Department of Science and Technology (DST) and the GVA, the programme will seek to lay a foundation for increased bilateral trade between Indian and Russia.

Poyni Bhatt, Chief Operations Officer, SINE told The Hindu, “GVA runs its own startup accelerator programme and wehavemapped the companies from their portfolio and selected Indian companies that match so that meaningful partnerships emerge, if not immediately, then in the long term.” She added that the startups were selected from about 40 applications.

Divir Tiwari, co-founder of Delhi-based startup Field Assist, an on-field sales monitoring tool for mobile sales teams using smartphones and tablets, said, “Field Assist uses automated data capturing, and is used in several industry verticals including consumer packaged goods, automobiles, apparel, government and NGOs. This is a great opportunity to test how compatible our product is in the Russian market.” Mr. Tiwari is one of the six passouts from IIT Dhanbad who set up Field Assist. It was incubated by IIM Ahmedabad.

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