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#News(Startup) [ via IoTGroup ]
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Panellists provide a global perspective on bridging cross-border innovation
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The panel comprised Angela De Giacomo, Investment Manager, Bissell Family Office; LEE Jin Sheng, Deputy Director, Global Innovation Network, Enterprise Singapore; Barrett Parkman, Director, Startup and VC Ecosystem, Samsung Catalyst; Takashi Suzuki, Director General of JETRO Bengaluru; and was moderated by Michael Copeland, Startup Strategist, AWS.
Investing in the Indian startup ecosystem
There’s a rising tide of Indian startups that have a pan India presence and are extending to other parts of the world as well.
The panellists spoke about how the startup ecosystem has evolved over the years.
With Chinese investors, the main intent is to explore the Indian market,” said Angela.
She added that earlier, Indian talent wanted to move out of India as they saw opportunities in the US, but in the last few years, they’ve been coming back to India as they identify opportunities here, and want to contribute to their home country.
Lee said that the Indian startup ecosystem was interesting because while there were almost no unicorns a few years ago, today there were over 20 unicorns in the country.
We want to create a network between India and Singapore to grow both ecosystems and build a global network.
In the whole startup innovation ecosystem, you can’t do things alone, you have to collaborate,” he said, adding that Enterprise Singapore helps to drive innovation and productivity in Singaporean enterprises.
Takashi added that even though the Indian and Japanese markets are vastly different, the reason they identified India for the innovation connection is that Japanese companies used to rank on top in manufacturing, but things are changing.
We need India’s software and applications to collaborate with Japanese manufacturing technology to make the industry more innovativ
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AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019
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