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Platform launched for tech startups to explore US market
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SME Times News Bureau | 08 Jul, 2020
IT industry's apex body Nasscom on Wednesday announced the virtual
launch of its Launchpad in New Jersey in the US that will provide a
platform for member companies to explore opportunities to do business in
New Jersey and the greater New York area.
Launched in the
partnership with the startup hub and coworking space VentureLink@NJIT
and non-profit Choose New Jersey, the Nasscom LaunchPad will promote
technology-based foreign direct investment (FDI), along with amplifying
global competitiveness between the companies operating in both
geographies.
"While things normalise, it is imperative that
business interactions continue in the new normal. Through this virtual
platform, Nasscom is enabling member companies to develop partnerships
with US-based companies," said Shivendra Singh, Vice President, Nasscom.
Member
companies will gain a hands-on understanding of market opportunities
within the New Jersey tech ecosystem, assistance with site selection,
government regulations, incentives, and tax planning to establish
permanent operations in the region while operating out of their home
location in India.
The partnership will also facilitate business partner matchmaking and assistance with introductions with prospective clients.
"VentureLInk@NJIT
provides a unique opportunity for member companies of Nasscom to be
part of New Jersey's largest startup incubator and co-working space.
These companies gain access to expert guidance and mentoring, unique
networking opportunities and the vast resources of a top polytechnic
university," said Simon Nynens, CEO of the New Jersey Innovation
Institute (NJII) which oversees VentureLink@NJIT.
The initial
companies participating in the Launchpad are Batoi Systems Pvt Ltd,
Eminenture Pvt Ltd, Mucheo, NeenOpal Inc and ITSYS Solutions.
It is expected that during the course of a year, around 20 companies will utilise the Launchpad, said Nasscom.
Jose
Lozano, President and CEO, Choose New Jersey said the collaboration
will continue to strengthen New Jersey's relationship with India and
further cultivate the innovation economy.
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