How ABB is strengthening its bond with deep tech startups in India

#News(Startup) [ via IoTGroup ]

Headings…
How ABB is strengthening its bond with deep tech startups in India
Accelerator impact
Expanding horizon
Differentiating factor

ABBVentures have sponsored Awards at IoTNext 2019 and 2018

Numocity were awarded at IoTDay 2019

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Gaetana Sapienza, VP, Global Startup Operations, Synerleap (left) and Arvind Vasu, SVP, Asia Investments, ATV
The company’s venture capital investment subsidiary ABB Technology Ventures (ATV), set up in 2009, has invested in a clutch of Indian startups, and has now extended the scope of engagement with the introduction of its accelerator programme – SynerLeap in India.
Founded in 2016, SynerLeap currently has over 60 startups under its portfolio spread across nine countries, and has established over 80 startups-ABB collaborations.
Talking to YourStory, Gaetana Sapienza, VP, Global Startup Operations, Synerleap, says,
As part of the ABB group, SynerLeap comes with a deep understanding of the industrial conglomerate’s requirements in terms of its technology and business, and hence brings about the collaboration with startups.
At the recently held startup pitch event of ABB in Bengaluru, three startups – Flutura, Numocity, and Ecolibrium were selected as members of the SynerLeap programme.
As part of the programme, these deep tech startups are given access to the vast industrial network of ABB, they get to interact with the senior leadership both on the business and technology domains, and network with R&D centres.
With SynerLeap’s focus on Indian startups, I see the next step of collaboration for open innovation.”
Arvind Vasu, Senior Vice President, Asia Investments, ATV, says, “We are always looking at the best in class in startups that strategically complement ABB as a whole.”
Startups at the ABB pitchfest in Bengaluru
As an investment arm of ABB, ATV is looking for startups in areas such as industrial and factory automation, mobility, smart cities, energy management, etc.
Arvind says they are always looking into the future, and how these deep tech startups can help them navigate with their innovative solutions or ideas.
Arvind believes the key differentiating factor for startups to engage with ABB is its industrial know-how and domain expertise

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