In spite of the latest initiatives by a number of Indian states such as Rajasthan, Kerala, Telangana, Andhra Pradesh and Maharashtra, Karnataka has clearly taken a lead in terms of policy promotion and investments made towards boosting startup ecosystem in the state. Taking a leap further, the Karnataka government has announced its partnership with the French Nodal Agency Business France India to develop and intensify mutually beneficial cooperation for promoting startups and the ecosystems in both countries.
The MoU has identified five key areas for mutual participation under which selected French startups would come to India and have an immersive experience. As part of the partnership, Indian companies will also be offered support to scale their operations through learning programmes in France.
Business France is a national agency that represents France’s economy for FDI investment and other opportunities, internationally.
Commenting on the partnership, Priyank Kharge, ITBT & Tourism, Government of Karnataka stated, “The partnership with Business France India will enable Karnataka-based startups to leverage the inherent strength of France in education and R&D. The establishment of the French Tech Hub in Bengaluru will provide a single point access to innovations in France.”
The MoU Between Karnataka Govt And Business France India
The MoUs signed between the Karnataka govt. and Business France India highlights the five programmes under the umbrella of the French Tech. The collaboration will focus primarily on edtech, joint R&D projects and commercial expeditions.
Five areas of collaboration include:
- French Tech Tour to India: For participation in the BengaluruITE.biz
- French Tech Ticket: Promotion of French Tech TicketNAIN and other incubators/accelerators in Karnataka
- French Tech Hub: 22 French Tech Hubs have been set up in the world and the first in India will be established in Bengaluru
- International collaboration
- Learning and commercial expedition
Karnataka: The Startup Way Of Doing Business
The Department of Industry Policy and Promotion (DIPP) is set to announce the state-wise ranking hopefully next month. Apparently, Karnataka which stood on the top in H1 2017 in terms of startup funding, has slipped from ninth to 13th rank in ‘ease of doing’ business ranking.