The first edition of the EU-India Startup Summit began today at the Shangri-La in Bangalore, India. The one day event has been conceptualized by the Startup Europe India Network (SEU-IN) with support from the EU Commission to bring together startups from Europe and India on to a common platform.The event is aimed at fostering new relationship between startups and VC’s in Europe and India. India has emerged as the next big thing on the startup scene with Bangalore, being the newly crowned startup capital. Chinese investors organized a mega summit connecting Indian startups to Chinese VC’s last month.
The summit was inaugurated by the his Excellancy Mr Tomasz Kozlowski, Ambassador of the EU to India, Mr Praveen Paranjothi, Founder, Startup Europe India Network and other delegates from the EU. The opening session saw speakers discuss about the untapped potential of the Indian and European markets which startups should target. Mr Tomasz Kozlowksi spoke about the different programs funded by EU that Indian startups can benefit from. These include the Inno Indigo program and Startup Europe.
The opening session was followed by a talk by Mahesh H. Nayak, COO of SAP Startup Studio. He spoke about SAP’s global program for startups called Startup Hana. SAP’s own incubation studio was launched earlier this year in Bangalore with 7 Indian startups making it to the first cohort. With this new center, SAP joins other global giants like Oracle, Boeing and Microsoft who have already set up startup incubation centers in Bangalore, India.
This was followed by discussion on policy initiatives involving policy makers from EU and India who spoke at length about the benefits that startups can garner from the European Union. The panel consisted of. Mr Žigmund Bertók, Ambassador, Embassy of the Slovak Republic, Mr Ott Vatter, Program Head for Partnerships at Estonia, Ms Laure Huberty, Deputy Head of Mission, Luxembourg and Mr Klaus Pendl, Representative of the EU Delegation to India.
Panel discussions on Innovation, Investments and Venture Capital with a focus on European & Indian digital markets is scheduled for the evening and will end with the keynote speech being delivered by Mohandas Pai of Aarin Capital. The event was able to attract a global audience with large scale participation from the European delegation. An estimated 500 entrepreneurs participated in the event. The Government Of India was promoting it’s Make In India initiative at the event. The Digital India program was also discussed at the event , with many delegates forecasting that it can be a big game changer for India.