Accenture, Consulate General of Israel and NASSCOM Launch Scalerator Programme

Accenture, Consulate General of Israel and NASSCOM Launch Scalerator Programme

SUMMARY

The Accelerator Programme Aims To Increase Collaboration to strengthen technology startup ecosystem in India and Israel

In a first-of-its-kind collaboration, Accenture, the Consulate General of Israel to South India, and the National Association of Software and Services Companies (NASSCOM) have jointly launched the scalerator programme.

The scalerator is an exclusive program that aims to enhance the collaboration between Israeli and Indian startups to create innovative solutions for global markets.

With support from Accenture Ventures’ Open Innovation initiative, scalerator aims to identify growth-stage Israeli startups with deep expertise in emerging technologies. This includes cybersecurity, cloud computing, artificial intelligence, automation, the Internet of Things, blockchain and extended reality.

Under the scalerator programme, Israeli startups will further connect with India’s startup community through NASSCOM’s 10,000 Startups initiative.

The launch of the scalerator program follows an extensive study of Israel’s startup ecosystem undertaken by Accenture Ventures, outlined in the report, Collaborative Innovation: The vehicle driving Indo-Israel prosperity, published in collaboration with NASSCOM.

The report outlines “Vision 25/25”, which estimates that a cumulative cross-border investment of $25 Bn into Indian and Israeli start-ups by 2025 can create 25 world-class products across different sectors, unleashing a revenue potential of up to $25 Bn from these products by 2025.

Commenting on the development, Dana Kursh, Consul General of Israel to South India, said, “We see the scalerator program as vital to further developing India-Israel collaboration. The industry environment in Bengaluru – the Silicon Valley of India – and in so many other places in India, is the perfect match to the Israeli technology sector. Through this collaboration with Accenture and NASSCOM, we can further connect our two ecosystems and enable Indian and Israeli startups to develop cutting-edge technological solutions that benefit all.”

What’s In Store For The Startups Under Scalerator Programme

Accenture Ventures will provide guidance to scalerator participants, leveraging its open innovation expertise and global reach to help startups build and bring to market innovative solutions that help address business challenges of Accenture’s Indian and global clients.

The Consulate General of Israel to South India will work with Accenture Ventures to oversee the process of selecting startups for the program. The Consulate will also provide business development support to the selected startups from Israel, and facilitate an understanding of the available local funding channels.

Dr. Shai Moses, Consul for Economic and Trade Affairs, the Consulate General of Israel to South India, added, “India and Israel share an appetite for new technology, and we’re glad to collaborate with Accenture and NASSCOM to support disruptive Israeli startups with knowledge sharing, access to India’s strong domestic market and the opportunity to collaborate with India’s technology industry.”

Startups in the scalerator program will be hosted at the NASSCOM Startup Warehouse in Bengaluru, as part of NASSCOM’s 10,000 Startups initiative. NASSCOM will provide mentorship opportunities for participants and involve them in market access forums including industry events and customer engagements.

Earlier this week, the Israel Innovation Authority (IIA) also launched a new pilot programme for Israeli startups to test their products in India. Under the new pilot programme, 18 finalists will pitch their technologies to executives from Indian companies.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Accenture, Consulate General of Israel and NASSCOM Launch Scalerator Programme-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Accenture, Consulate General of Israel and NASSCOM Launch Scalerator Programme-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Accenture, Consulate General of Israel and NASSCOM Launch Scalerator Programme-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Accenture, Consulate General of Israel and NASSCOM Launch Scalerator Programme-Inc42 Media
Accenture, Consulate General of Israel and NASSCOM Launch Scalerator Programme-Inc42 Media
You’re in Good company