The British High Commissioner to India, Sir Dominic Asquith, announced the start of the 4th edition of TECH Rocketship Awards yesterday to an audience of entrepreneurs, venture capitalists, startups, and a judging panel comprising the likes of IAN founder Saurabh Srivastava and T. V. Mohandas Pai, the Chairman of Manipal Global Education and long-time angel investor.
Conducted by the UK government’s Department for International Trade (DIT), TECH Rocketship is an India-focussed startup campaign that assists promising new startups in scale up their businesses. Its main aim is to foster technology, innovation and collaboration between startups, universities, and industry leaders both in India and the UK.
The top startups will win a trip to the UK as well as a chance to pitch in front of potential investors at the London Tech Week. As part of the programme, shortlisted teams will be provided assistance in business development and partnership with established UK companies like Harper Adams University, Sensor City.
The winners will also get exposure to the UK’s thriving tech ecosystem, financial services and R&D opportunities.
Speaking at the launch, Sir Dominic Asquith said, “The UK’s position as a home-from-home for Indian tech companies is as strong as ever. Nearly a third of all Indian investment into the UK is in tech and telecommunications and we are fully-committed to supporting Prime Minister Narendra Modi in his vision for ‘Startup India’. The UK is open for business and through TECH Rocketship Awards we are looking to help the next batch of leading young Indian entrepreneurs scale-up and go global via the UK.”
TECH Rocketship Awards: Fostering Collaboration Between India And The UK
The six award categories of 2017-18 TECH Rocketship Awards include fintech, medtech, Internet of Things (IoT), cloud computing and data analytics, cybersecurity and artificial intelligence. As stated by Sir Dominic Asquith, these domains are some of the areas with the greatest potential in terms of opportunity and demand in the UK and India.