FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Israel-India Technology Group launches $ 50 mn trilateral fund
Posted:Jan 15, 2018
 
Print
Share
  
increase Font size decrease Font size
 
In a bid to promote trilateral innovation and business opportunities between the US, India, and Israel, Israel-India Technology Group has launched a trilateral fund of $50 million.
 
"We are launching a trilateral investment partnership, a platform which is primarily for the needs and aspirations of the trilateral opportunities," Dennis Mehta, a member of the Israel-India Technology Group said at the Tech Triangle Summit n New Delhi on the sidelines of Israeli Prime Minister Benjamin Netanyahu's six-day visit to India. 
 
"Our model uses Israel as the supplier of technology, India as a mass market opportunity and the US -- which is the third important part of the equation -- brings in capital," he added.
 
The summit held by Indian IT industry's apex body Nasscom in partnership with US-based Indiaspora was aimed at building on the strong economic and intellectual engagement between India and Israel, as well as setting another example of the growing convergence, collaboration and cooperation between the US and India.
 
"While the relationships and collaboration between India, Israel and the US, ranging from economic to socio-cultural exchanges have nurtured mutual ties over several decades, today the three nations are natural allies more than ever before, as they share commonalities as well as complementarities," said R. Chandrashekhar, President, Nasscom.
 
"By streamlining intellectual and economic exchange, as well as forging new alliances that foster collaboration, innovation and entrepreneurship, we can create an osmosis of ideas within this tech triangle unlocking the joint potential of the three allies," he added.
 
On the same occasion, Nasscom signed an agreement with Israel-based start-up accelerator organisation MassChallenge, along with the Deshpande Foundation, to support a scholarship of $5,000 each for up to 10 Indian startups to help them access MassChallenge Israel's industry-leading resources and focus on growing their businesses.
 
"Selected Indian startups will join the other MassChallenge Israel 2018 Finalists for the four-month equity-free accelerator in Jerusalem gaining access to MassChallenge Israel's award winning accelerator in Jerusalem," said Israel Y. Ganot, Managing Director, MassChallenge.
 
Indiaspora founder M R Rangaswami, a Silicon Valley entrepreneurial veteran and community activist, said the organisations were working in close consort with American Jewish Committee, the Global Indian-Jewish Relations Institute and the Hindu American Foundation to foster closer ties between the Indian American and Jewish communities to create a triangular strategic business and technology ties between the three countries. 
 
During the summit, global management and strategy consulting firm Zinnov and Indiaspora jointly unveiled a report titled "USA-India-Israel -- An Ocean of Opportunities" outlining the promising troika of technology, investment and entrepreneurial opportunities across the three markets.
 
The report illustrated how rapid growth of start-up ecosystems has emerged as a driving force of mutual engagement between the nations and stressed on need to intensify trilateral collaboration to unlock full potential.
 
 
 
 
Print
Share
  
increase Font size decrease Font size
 

Disclaimer: South Asia Monitor does not accept responsibility for the views or ideology expressed in any article, signed or unsigned, which appears on its site. What it does accept is responsibility for giving it a chance to appear and enter the public discourse.
Comments (Total Comments 0) Post Comments Post Comment
Review
 
 
 
 
spotlight image Minister of State (Independent Charge) for Housing and Urban Affairs, Hardeep Singh Puri, is a former top diplomat who retired as India's Permanent Representative at the United Nations. In his new political avatar, as an important minister in the government of Prime Minister Narendra Modi, Puri told INDIA REVIEW & ANALYSIS that
 
read-more
Aimed at consolidating cooperation between the armed forces of India and Saudi Arabia and explore new avenues of defence cooperation, Chairman, Chiefs of Staff Committee and Naval Chief Admiral Sunil Lanba, visited Saudi Arabia on from 4-8 February 2018, writes Anil Bhat
 
read-more
Campus placement season is here and the news is that graduates from the top campuses in India, especially the IITs, have received six figure pay packets and job offers in the US. However, looking beyond the top 200 engineering schools in India, pay packets are not looking too promising. The reason is the emergence of new engineering sc
 
read-more
Representatives from ten Asia Pacific governments, parliaments, civil society organisations (CSOs) and international institutions - including from six South Asian countries - gathered in Bangkok to reflect and share knowledge and learnings on climate change finance and gender-inclusion as part of the Regional Dialogue on Climate Resili
 
read-more
Warning of the changing threat situations around the world, Secretary-General Antonio Guterres and his predecessor, Ban Ki-moon, making an unprecedented joint appearance before the Security Council, called on it to focus on prevention of conflicts, staving them off before they arise, writes Arul Louis
 
read-more
Srinivasan leaves his office in Bengaluru where the lights and air-conditioners are switched off when sensors planted inside notice that he is leaving. He is prompted on his e-watch as to how much time it would take for the elevator to arrive on his floor, based on movement-recognition, writes Rajendra Shende
 
read-more

The Indian government is undertaking a project to enhance and install infrastructures related to trade and customs along its northeastern frontier, that include trading points with Bhutan.

 
read-more

Society for Policy Studies in association with India Habitat Centre held a lecture in the “2022: The India We Seek”

 
read-more
Column-image

A group of teenagers in a Karachi high school puts on a production of Arthur Miller’s The Crucible— and one goes missing. The incident sets off ripples through their already fraught education in lust and witches, and over the years ...

 
Column-image

Title: Do We Not Bleed?: Reflections of a 21-st Century Pakistani; Author: Mehr Tarar; Publisher: Aleph Book Company; Pages: 240; Price: Rs 599

 
Column-image

From antiquity, the Muslim faith has been plagued by the portrayal of Muslim men regularly misusing this perceived “right” to divorce their wives instantly by simply uttering “talaq” thrice.

 
Column-image

'Another South Asia!' edited by Dev Nath Pathak makes a critical engagement with the questions about South Asia: What is South Asia? How can one pin down the idea of regionalism in South Asia wherein inter-state relations are often char...

 
Column-image

Book: A Time of Madness; Author: Salman Rashid; Publisher: Aleph; Price: Rs 299; Pages: 127