A few weeks ago, we saw an announcement of US Embassy launching the “Nexus Startup Hub In New Delhi” aiming to support a dynamic ecosystem for innovative Indian startups by sharing best practices in business and entrepreneurship and in incubation.
Along the similar lines – foreign governments promoting and trying to leverage innovations from startups in India – comes announcement by the German Government. The German Indian Startup Exchange Program (GINSEP) was formally launched in New Delhi, setting the stage for startup collaboration between the startup ecosystem across the two nations .
The GINSEP is is a non-monetary platform initiated by the German Startups Association and supported by the German Federal Ministry for Economic Affairs and Energy (BMWi) to strengthen and foster the German-Indian economic relations in the field of startups.
Founded in 2017, GINSEP “plans to host a range of events on internationalization and provide information beyond the vibrant startup hotspots of Germany and India on the entirety of the respective ecosystem. Furthermore, the GINSEP develops a Go-To-Market-Guideto support the soft landing of globalising startups.”
Details on Linkedin indicate that GINSEP facilitates access to the German market for Indian startups and vice versa through:
- provision of information,
- development of capacities through workshops,
- access to networks through GINSEP ambassadors and frequent meetups,
- facilitation of B2B contacts and opportunities.