India, SPICI joins the “Europe-India Innovation Partnership” of the European Commission

The innovation ecosystem is increasingly fertile in India, and the community of Indian startups has emerged as one of the fastest-growing on the international scene. Today, the country has the second-largest startup ecosystem in the world, and Bangalore is second only to Silicon Valley.

In this context, at the 2017 annual India-EU summit, it was agreed that both the European Union and India would strive for enhanced cooperation in innovation and technological development, aiming at actions that strengthen synergies between European and Indian industries and startup ecosystems.

The Directorate-General for Research and Innovation (DG, RTD) of the European Commission has thus launched a pilot initiative aimed at promoting cooperation in innovation between India and Europe. This has led to the creation of the “Europe-India Innovation Partnership,” of which we at SPICI are honoured to have just become a part.

The alliance has been established to support the activities of European and Indian operators, including technology incubators and business accelerators, as well as to promote new cooperation agreements and facilitate and implement programs of scientific research and entrepreneurial development.