India becomes an innovator
Tech & Nature
Africa and India are facing significant challenges resulting from rapid population growth, but also the natural and man-made threat to the livelihood of the population. These challenges also come with opportunities. According to the Business and Sustainable Development Commission, sustainable business solutions can generate up to $ 12 trillion in business opportunities. A large part of this is in Africa and India.
Austria, in turn, has the technological know-how that is necessary to support sustainable economic growth. The aim of the Africa-India Innovation Challenge is to enable innovative, sustainable Austrian solutions to make the leap into the world's growth markets.
The pitching for this will take place on March 9, 2020 on the occasion of the World Summit Awards. All companies invited to the pitching get free access to the World Summit Award and can go through the entire seminar and lecture program.
The prizes include free participation in an exciting innovation program in Nairobi (Kenya) and Bangalore (India).
Nairobi: The Nairobi Innovation Week in early June 2020 is East Africa's top innovation event. Nairobi has developed a strong startup ecosystem over the years. Many African success stories start here. In addition to attending the Nairobi Innovation Week, the participants have the option of docking with the accelerator program, where they can gain valuable know-how from the East African business scene and further work on the contacts made during the Innovation Week on site.
Bangalore: The Techsparks conference in Bangalore in early October 2020 is India's leading startup event where startups, executives, policy makers, investors, innovators and media houses come together. TechSparks also offers “Investor-Startup Speed Dating Sessions”, where startups can “pitch” directly in front of selected investors.
By docking with the accelerator program at CoWorks Foundry in Bangalore, founders gain valuable know-how of the Indian startup scene and can continue working on the contacts they have made on site. In addition, by visiting India's largest incubation center T-Hub in Hyderabad, founders get access to mentors and can exchange ideas with industry experts.
The ten best solutions can look forward to traveling. For the top three winners there are also the following additional prizes:
1st place: EUR 3,000.00 Travel expense support for Kenya and EUR 3,000for India, sponsored by the Young Economy of the WKO
2nd place: EUR 2,000 Travel expense support for Kenya, sponsored by Mercer Austria and EUR 2,000 for India, sponsored by the Research Promotion Agency FFG
3rd place: EUR 1,000 Travel expense support for Kenya andEUR 1,000 for India, sponsored by Austria Wirtschaftsservice, aws and EUR1.000,- for Kenya from the Austrian Development Bank
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