Gujarati NRI's to set up Research & Innovation Centre for start-ups

Gujarati NRI's to set up Research & Innovation Centre for start-ups

Posted by M.Venkatesh on July 31st 2017

In report published in the DNA, Gujarati-origin entrepreneurs across the world will set up a research and innovation centre in Gujarat for start-ups not just from the state but across the country and abroad.

Entrepreneurs who assembled in Ahmedabad for a national start-up pitching event on July 28th  said the modern technology-based start-up ecosystem in Gujarat is not as mature as they are in some of the southern states. Despite this, Gujaratis in other parts of the country and the US are eager to contribute to the start-up ecosystem of the state.
“While there is a positive intent, a major bottleneck is engagement with probable investors. Our centre for research, innovation and entrepreneurship will be an important link for them. All startup hubs have at least one success story, and Gujarat also needs one to emerge on a global platform,” Jay Patel, founder of NRI Startup India, said.
 
The centre will also provide opportunities to scale up local start-ups and to gain from the expertise of NRI Startup India, which has networks in the US, the UK, Germany, Canada, Australia, Singapore and New Zealand.
“We plan to reach out to one million NRIs who are eager to invest in India. We are sector neutral and will focus on diverse sectors such as agri-tech, health-tech, biotech, fintech as well as future technologies like internet-of-things, artificial intelligence and machine learning,” said Patel.
The organisation is partnering with IITs, IIITs, b-schools like MICA, other academic institutions as well as local start-up incubators and accelerators to reach out to the promising start-ups from Gujarat. “We are also in coordination with institutions like iCreate of the Gujarat government. The Department of Science and Technology of the state government is doing a great work for start-ups,” he said.

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