Friday, Apr 26 2024 | Time 17:47 Hrs(IST)
image
Business EconomyPosted at: Nov 25 2019 11:30PM


KSUM ties up with German incubator to give startups smoother access to Europe

Kochi, Nov 25 (UNI) The Kerala Startup Mission (KSUM) on Monday tied up with leading German incubator Mainstage, facilitating the state’s nascent firms to gain smoother access to the European market.
KSUM Chief Executive Officer Saji Gopinath signed a memorandum of understanding with his counterpart Mr Swen Wegner of the Frankfurt-based firm that fosters early-stage companies. Present at the function here last week was Secretary (Electronics and IT), Government of Kerala.
M Sivasankar.

The agreement facilitates Kerala’s startups to incubate at Mainstage and, in the process, get introduced to companies in Germany and other countries under the European Union.
Dr Gopinath said the pact would enable Kerala’s startups to go for high-quality products that are of demand in Europe. ''KSUM’s products have largely been world-class. This MoU will further help our startups develop business relations with European firms and supply products of their specifications,'' he noted.
This would also enable them to get into commercial deals with suitable firms in the continent. Mainstage would shortly list the Kerala startups that are to benefit from the pact and publish their names on the incubator’s website.
The MoU triggers the prospect of a symbiotic relationship between the two parties, Mr Sivasankar said after Friday’s ceremony at KSUM’s Integrated Startup Complex in Kalamassery, 20 km north of the city. ''We have opened a gateway to Kerala’s startups to enter Europe,'' he added.
Mr Wegner said the agreement would function as a bridge between Kerala’s startups and European companies. ''We already know Kerala’s startups come up with products of international standards. Only that they need a proper channel to market them abroad,'' he noted.
''Mainstage will handhold the startups and groom them in ways that make them visible across the market in Germany and the rest of Europe.''
Kerala’s startups that are into space technology have a guaranteed future in Europe,Mr Wegner added that Mainstage was soon convening a workshop here to enable the KSUM firms to benefit from the bilateral agreement.
UNI DS JTS 2330
Please log in to get detailed story.
Tags: #KSUM ties up with German incubator to give startups smoother access to Europe
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image