Start-ups! Get ready for the India-Israel 'Innovation Bridge Challenge'

Start-ups! Get ready for the India-Israel 'Innovation Bridge Challenge'

Posted by P. Charitha on July 10th 2017

As part of  his Israel trip ,Prime Minister Narendra Modi and Prime Minister Benjamin Netanyahu launched a bilateral innovation challenge for start-ups in Israel and India- called the "India-Israel Innovation Bridge Challenge" . The Israel Innovation Authority, Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry have joined hands for the challenge. As part of this agreement, Ahmadabad-based incubator iCreate, Hyderabad-based incubator T-Hub, and Pears Program have made an initial commitment to the start-ups that will be selected at the Innovation Challenge.
 
What the Challenge entails
It will be an online platform to facilitate bilateral collaboration between Israeli and Indian start-ups, tech hubs, corporations, and other key innovation ecosystem players in both countries. 
Comprehensive guides and toolkits to help start-ups explore expansion opportunities will be made available.

Areas of Challenge
To develop solutions for some of the critical challenges in the areas of healthcare, agriculture and water technology.
Healthcare: Start-ups should develop solutions for real-time health monitoring, home care, remote care, periodic counselling and advice on health management for non-communicable diseases. These should be innovative, inclusive, low cost diagnostics and predictive solutions in rural areas.
Agriculture: Solutions to reduce post-harvest loss and improve market linkages. These should be affordable easy-to-use solutions to enhance agricultural productivity and increase farmers’ earnings.
Water: Start-ups need to develop low-energy and cost-effective sustainable solutions for wastewater treatment, desalination, recycling or purifying large water sources and surface water. These should be innovative and affordable solutions that produce potable drinking water at point of use in both rural and urban areas. The challenge says that technologies must have at least initial validation but must not yet be commercialized in India.
 

Prizes
Proposals that make it will win cross-border mentorship and incubation/acceleration prizes. They will get an opportunity to participate in an exclusive co-creation summit in India with industry leaders, experts and potential partners, gain a bilateral market access seminar in Israel, an opportunity to pilot with leading partners in India.
 
Selection Process
The participating start-ups will be selected by a joint panel of judges to give an opportunity to further develop their solutions through a unique programme managed by Invest India and Israel Innovation Authority.
Applications for the challenge will open on September 10, 2017. http://www.startupindia.gov.in/

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