In a bid to help Indian startups to get access to the Australian market, Telangana government-backed T-Hub has partnered with Australia based inQ Innovation, which also has operations in India.
As a part of this partnership, Ravi Narayan, CEO of T-Hub has inked a memorandum of understanding (MoU) with inQ Innovation’s CEO and director Irfan Malik.
Startups looking to scale their business will in Austria need to register on T-Hub’s platform which will be open soon. In the applications, these startups need to specify industry segments and problem statements. Once selected, these startups will get access to office spaces at inQ Innovation’s Sydney Startup Hub.
The tie-up will also help Indian startups to get business opportunities and market understanding of the Australian market. They will also get mentoring opportunities by industry and subject matter experts. Moreover, selected startups will also get a chance to connect with Australian investors as well.
On the other hand, T-Hub will offer similar opportunities to Australian startups which are looking to expand their presence in India. Explaining how the partnership will help India, Narayan added that international startups will also get a platform for entry to the Indian markets, which will bring more technological advancements to the country.
In the past, T-Hub has inked a few partnerships with companies around the world to boost the Indian startup ecosystem. In September 2019, T-Hub signed a tripartite MoU with two companies based out of New Jersey to boost technology and investment exchange between India and the US. The three entities are collaborating for startup innovation, funding, and entrepreneurship.
In October 2019, T-hub in collaboration with FalconX Inc had rolled out its startup booster programme, Trestle. The programme is providing growth-stage startups with opportunities to assess product fitment and readiness to new markets across the globe.
In collaboration with the department of science and technology (DST) and National Payments Corporation of India (NPCI), T-Hub had launched Fintech Accelerator Programme for startups working in the digital payments sector in November last year. The selected startups will get the opportunity to pitch their innovations and get mentored by NPCI and T-Hub.