The UK government’s Department for International Trade (DIT), India and the British Deputy High Commission, Bengaluru hosted the 2017-18 TECH Rocketship Awards’ live pitching round today. As per the official statement, shortlisted startups will move on to the Grand Finale, which will be held in Mumbai during next month’s India-UK Createch Summit.
Commenting on the development, British Deputy High Commissioner to Bengaluru Dominic McAllister said, “The TECH Rocketship Awards looks to provide India’s top young entrepreneurs with business advice and support to help them go global through the UK. Where better to run this programme than in Bengaluru, India’s start-up capital and one of the world’s most dynamic cities.”
“I am pleased that 15 entrepreneurs are pitching their ideas today. The competition will enable them to raise their profile with UK and Indian investors, and give them the opportunity to meet with UK venture capitalists, mentors, entrepreneurs and incubators, as well as experts from DIT and leading professional services firms, who will guide them on how to establish a firm footing abroad,” he added.
According to the official release, more than 300 applications were received for the fourth edition of TECH Rocketship Awards, which was announced in October 2017. Of these, 15 of the best tech startups across diverse sectors like cybersecurity and artificial intelligence were selected for the live pitching round.
As part of the event today, these companies have been given the chance to pitch their ideas during a high-pressure pitching round, in front of an audience of entrepreneurs, angel investors, venture capitalists, startups, tech visionaries and a judging panel constituted by the likes of Startup Bootcamp’s Alok Vajpeyi, Ravi Tyagi of SIDBI Ventures, Padmaja Ruparel from the Indian Angel Network (IAN), Srinivas Kollipara of T-Hub India, DMI Finance’s Anmol Nayyar, Karan Mohla of IDG Ventures and T. V. Mohandas Pai, the Chairman of Manipal Global Education.
Speaking at the live pitching event today, Amo Kalar, UK Deputy Trade and Investment Commissioner to India stated, “As we exit the EU, the UK will become an even stronger proposition for India’s brightest tech scale-ups and entrepreneurs. London and the wider UK remain the world’s best place to set up a digital business. I can guarantee the winners will be the very best, and look forward to hearing them pitch in both Bengaluru and Mumbai. We know that mentoring matches money in this space, so I am particularly grateful for our judging panel, all experts and winners in the tech ecosystem, for sharing their time and expertise so freely.”