Theresa May goes speed dating with startups

On her maiden visit to Bengaluru, British Prime Minister Theresa May interacted with several startups to understand the breadth, depth and ambition of the Indian startup ecosystem.

Theresa May

“She (Theresa May) was excited to see Bengaluru’s startup scene growing very fast and, in fact, referred to the city as the tech and startup capital of India,” said Ravi Gururaj, Chairman of Nasscom Product Council. He curated the young ventures showcased at the event. IT trade body Nasscom and top British officials explored partnerships between Bengaluru and the UK. They discussed how to improve market access for young ventures in both the countries.

“It was a great event. We are looking forward to access European markets, including the UK,” said Ram Kakkad, founder of English Dost, the maker of language learning solutions, who attended the event.

The other young firms to showcase their innovations to Ms. May included Radiowalla, Cardiac Design Labs, Tydy, Data Glen, Tookitaki and SAHA Fund.

“The UK Prime Minister visiting India and choosing to spend time with us is a big validation for the brand created globally by the startups in Bengaluru,” said Anand Madanagopal, founder, Cardiac Design Labs, a startup that has come up with an innovation to help cardiac patients in smaller hospitals access critical care through a wearable device.

The Bengaluru-based firm combines intelligent algorithms and heart monitoring technology designed for use in rugged conditions. “We are hoping to go global and access markets like the U.K.,” said Mr. Madanagopal.

Some of the Indian startups have already moved base to overseas markets, such as the U.K., which have business-friendly tax regimes and regulations. Among them is Jalandhar-based customer support software maker Kayako, which counts U.S. space agency NASA, European carmaker Peugeot and Japanese gaming firm Sega among its top customers.

Nasscom and British officials discuss how to improve market access for young ventures in both India and the United Kingdom

Source: The Hindu

Leave a Reply