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Business Economy

T-Hub announces signing MoU with Choose New Jersey, VentureLink

Hyderabad, Sep 18 (UNI) T-Hub, which leads India’s pioneering innovation eco-system that powers next-generation products and new business models, on Wednesday announced that it has inked a tripartite MoU with ‘Choose New Jersey’, an economic development organisation and ‘VentureLink’, a community hub for technology companies at the New Jersey Institute of Technology for Northern New Jersey.

T-Hub will provide Indian growth-stage startups with business opportunities, market understanding and access to clients in New Jersey.

The three entities will collaborate in the areas of startup innovation, funding and entrepreneurship, T-Hub said in a release here.

Under the agreement, two individuals per startup will get complimentary space for two months.

The MoU will promote technology and investment exchange between New Jersey and India through collaboration between T-Hub, VentureLink, and Choose New Jersey.

The agreement will also enhance the global competitiveness of New Jersey and Indian startups and will support joint research and development in the areas of common interest between the parties.

Similarly, T-Hub will offer reciprocal services, as and when required, to VentureLink@NJIT members interested in exploring business and investment opportunities in India. T-Hub will also initiate the call for applications for startups to participate in this opportunity.

After a thorough screening process, high potential and growth startups will be selected based on the quality of technology solutions, product/solution readiness, revenue model and growth potential. They will get an opportunity to tap into one of the biggest fintech ecosystems in the world in New Jersey.
In the last five years, New Jersey has recorded over USD 60 billion in venture capital investments. Under the MoU, T-Hub will enable the selected startups to get direct access to relevant funding opportunities via VentureLink, the release said.
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