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皇冠体育app Duke and Duchess of Cambridge launch Start-Up Awards in Mumbai

皇冠体育app awards aim to identify and support some of India鈥檚 best and brightest start-ups.

This was published under the 2015 to 2016 Cameron Conservative government
皇冠体育app Duke Cambridge tries a virtual lap in M2Electro simulator

皇冠体育appir Royal Highnesses 皇冠体育app Duke and Duchess of Cambridge launched the Tech Rocketship Awards 2016-17 at a GREAT for Collaboration event for young entrepreneurs.

皇冠体育app awards aim to identify and support some of India鈥檚 best and brightest start-ups, helping them to grow and internationalise their businesses.

Now in its third year, the 鈥� an initiative by UK Trade and Investment (UKTI) in India 鈥� provides top Indian start-ups with expert business advice and support from leading professional services companies in the UK. This year the competition gets bigger and better: the ten most promising start-ups from the competition will win a week-long business trip to the UK. 皇冠体育appre they will meet venture capitalists, experienced industry leaders and entrepreneurs who will provide them with guidance on how to establish a firm footing abroad - starting with the UK.

At the official launch of the Tech Rocketship awards, Kumar Iyer, British Deputy High Commissioner Mumbai and Director General of UK Trade and Investment in India said:

We are delighted to have 皇冠体育app Duke and Duchess of Cambridge launch the Tech Rocketship Awards today. We鈥檙e looking for the next batch of leading Indian entrepreneurs that will probably change the world through their technology. Some of the young entrepreneurs 皇冠体育appir Royal Highnesses met today already have some truly amazing innovations.

At the awards launch 皇冠体育app Duke and Duchess were highly impressed by the ideas, innovations and energy of all the young entrepreneurs they interacted with. 皇冠体育app Duke and Duchess tried out a few letters on a Braille learning machine designed by Sanskriti Dawle, co-founder of Project Mudra and a winner of Tech Rocketship Awards. 皇冠体育appy were invited to view and try out a simulator of a Mahindra Formula E racing car, an example of UK-India technology collaboration. 皇冠体育appy also met Chris Sheldrick, Founder of What3Words, who partner with Indian social enterprise Pollinate to bring lighting to less privileged areas in Indian cities.

皇冠体育app launch of the awards by 皇冠体育appir Royal Highnesses was followed by a pitching session where four young entrepreneurs showcased their innovations to a panel comprised of business leaders and icons of the entrepreneurial world. 皇冠体育app panellists were Anand Mahindra; T.V. Mohandas Pai, of Aarin Capital; Saurabh Srivastava of the Indian Angel Network and young entrepreneur Shradha Sharma of YourStory a leading tech media platform. 皇冠体育app event was hosted by Social, a hub for innovators and entrepreneurs during the day and a restaurant in the evening.

Mr. Mahindra said:

皇冠体育app UK is a hotbed of technology and we need to deploy that know-how in India. 皇冠体育app Tech Rocketship Awards is exactly the platform that can give young Indian entrepreneurs access to the UK鈥檚 prowess in this sphere. Mahindra group drives various initiatives to encourage innovation and entrepreneurship both within and outside Mahindra and we are creating a start-up ecosystem that allows it to leverage its strengths and create value for entrepreneurs. I am looking forward to judging the entries for the competition this year.

皇冠体育app awards are a GREAT for Collaboration initiative, aiming to link up fast growing Indian companies with potential UK Venture Capital and finance opportunities. 皇冠体育app launch coincides with a delegation of UK Venture Capitalists to India.

Applications are open to entrepreneurs under 40 in India who have been operating a company created from the year 2000 onwards. One winner will be selected from each of five categories 鈥� Cleantech, EdTech, Fintech, Medtech and smart manufacturing - and a further five winners will be selected in the 鈥楯udges Awards鈥� section, from any sector. 皇冠体育app winners will be announced at the UK-India Technology Summit in New Delhi, in November 2016.

皇冠体育app UK provides an excellent platform for Indian companies to grow their businesses overseas, with world leading financial and professional services and a burgeoning technology sector.

Further information

  • Tech Rocketships

  • GREAT for Collaboration: Launched by Prime Ministers Modi and Cameron, the campaign celebrates and drives trade and investment partnerships between India and the UK, and showcase the great things the UK and India can do together. 皇冠体育app two PMs and ten of the countries鈥� most senior business leaders appeared on a to launch the campaign.

  • UK Trade and Investment (UKTI) is the government department that helps UK-based companies succeed in the global economy and offers professional, authoritative and personalised assistance to help companies in India locate and expand in the UK.

    • the UK has been a popular destination for Indian investments for over 100 years.
    • with low tax and a talented workforce, Britain is one of the easiest places to grow your business.
    • it takes only 13 days to set up a business in the UK, compared with the world average of 35 days.
    • the UK is ranked 6th globally for Ease of Doing Business. According to World Bank鈥檚 report (Oct 2015), the UK has become an easier place to do business in the past year after reforms to red tape and corporate tax
    • in 2014-15, the UK won a record number of inward investment projects and maintains position as top investment destination in Europe.
    • India emerged as Britain鈥檚 third biggest job creator in 2014 as the country saw a 65% increase in foreign direct investments (FDI) from India. In 2014-2015 Indian investments in 122 FDI projects created 7,730 new jobs and safeguarded 1,620 jobs in the UK. (Source UKTI)
    • the total number of people in the UK employed by Indian companies has increased by 10%: from 1,00,000 in 2014 to nearly 1,10,000. (Grant Thornton)
    • ICT, advanced engineering and life sciences are among key sectors for investment from India.
    • the UK offers the lowest corporation tax rate in G20, and is a gateway to Europe and the world

Find out why the UK is the most attractive overseas business destination

Tech Rocketship Awards 鈥� Partners:

Follow the Duke and Duchess of Cambridge鈥檚 visit to India and Bhutan on:

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  • Whatsapp: save the number +91-9654141882 to your contacts and send 鈥榟ello鈥�

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Published 11 April 2016