With an aim of providing support to startups for building a billion dollar Tech Company, Catherine Carlton, Mayor of Menlo Park is expected to sign a MoU with Kochi Mayor Tony Chammany in Thiruvananthapuram, which could give a chance to 100 Indian tech startups to visit Silicon Valley. This tour would be to learn about all the efforts and hardships that are faced in building a billion dollar Tech Company.
Carlton, who is leading a three-member delegation to Kerala, toured the Startup Village incubator and interacted with the officials and young entrepreneurs.
During her visit to Startup Village she said, “We are extremely impressed by the talent of the youngsters here and by the support that they get from the government.” The mayor added, “We will be very pleased to welcome selected start-ups, possibly 100 companies this year, to Silicon Valley, US and provide them an opportunity to expand and grow their business there.”
This strategic agreement will aim at sharing of talent and ideas in the technology initiating new partnerships in educational, cultural, social and economic sectors thus boosting employment opportunities in both the countries. Carlton also extends her arms for the support of startups to identify potential markets in US, which is home to a number of technology giants including Facebook.
Startup India, India’s first Public Private Partnership technology business incubator, was launched in 2012 and is currently serving 800 startups. It is jointly promoted by the Department of Science and Technology, Government of India, Technopark and MobME Wireless.
Earlier in last year, IT industry body Nasscom had also announced to take more than 25 Indian tech startups to Silicon Valley for a week long trip. The tour was aimed at providing global platform for innovative young businesses to ‘Collaborate, Connect and Co-create’.