Know how Germany wants to help our Indian tech start-ups!

The world wants a share of the start-up pie in India like never before. And Germany isn’t far behind. While the country has expressed its interest in helping India build smart cities, the country is also keen to contribute in Prime Minister Narendra Modi’s Digital India project.

“Our idea on the Indian start-up ecosystem is very simple. We are organizing CEBIT India 2015 conference in Bangalore in October wherein tech giants, associations and all stakeholders of the IT industry will come together. We will also have 25 start-up participants, who are offering technology based services and products,” said Mehul Shah, managing director, Hannover Milano Fairs India.

He added, “These 25 participants will get to exhibit their products or services to over 700 investors which includes private equity investors, venture capitalists among others. Besides, industry bodies such as NASSCOM, COAI and others would also be present.”

The shortlisted startups will then get to exhibit their tech solutions at the global CEBIT wherein thousands of investors and tech giants would be there. Last year, CEBIT India had nearly 90 start-ups. This year, the chamber will focus on the digitalization of economy and hence is looking at tech start-ups. The chamber has also partnered with Intel, Infosys among others.

It should be noted that apart from venture capitalists, crossover investors such as hedge-funds, mutual funds among others too have been betting big on Indian tech start-ups. Besides, Germany has been India’s largest technology trade partner.

Image: Indiatimes.com