The Great Tech Rocketships initiative launched today from TechHub Bangalore, with a global call for ideas and submissions from entrepreneurs who want to change the world.
This is a programme to seek out impressive emerging companies and ideas from around India and around the world that have the potential to be fast growing "Rocketships" - companies with a global outlook from the beginning.
The initiative is a collaboration between TechHub and UKTI with support from iSPIRT.
Further support is also being provided by panelists from various world-leading organisations including the UK�s Met Office.
The programme begins with a global call for ideas and submissions in the form of a 60-second video tweeted with: Hey @TechHubBlr using the hashtag #IfNotNowThenWhen.
Entrants will be evaluated through the following filters:
- Retail technology
- Finance technology
- Data analysis and visualisation
- Emerging ideas - anything goes!
Those selected for their outstanding promise will then be invited to demo their product at one of the TechHub Demo Nights on 3rd February 2015 in London, Bangalore or Boston.
Further events will also be held in early February at venues across Chennai, Delhi, Hyderabad and Pune.
Through the TechHub Demo Night experience a number of companies will be selected to visit the UK and India as part of a UKTI delegation. Their visits will enable them to immerse themselves into the local technology ecosystems; meeting other entrepreneurs, identifying funding options and building product propositions to fit those markets.
For each of these companies, TechHub will provide a year�s Flex Membership to the founders enabling them to leverage the global TechHub network and support system as they move forward in their journeys.
Over the next three years this process will continue on a six-monthly basis, as a catalyst to shine a light into all corners of the global tech ecosystem. It will strive to find the Rocketship founders no matter their location, background or current stage of investment.
Elizabeth Varley, Co-Founder & CEO TechHub said "This is an amazing opportunity for new products to be catapulted into the spotlight. I am very excited to see the innovative companies that are drawn together at TechHub over the next few weeks to be inspired through Rocketships to bring exciting new experiences to customers, disrupt markets, and to bravely change the world."
Sharad Sharma, Co-Founder and Governing Council Member iSPIRT said �The Rocketships initiative is another significant step forward in the journey to create a product nation here in India. It is wonderful to collaborate with TechHub and UKTI to create such an amazing opportunity for gifted entrepreneurs."
Kumar Iyer, British Deputy High Commissioner, Mumbai & Director General, UKTI India: �The UK is an increasingly preferred choice for fast growing Indian technology companies. India is one of the biggest investors in the UK. The UK�s commercial environment is business friendly, has a low tax regime and offers benefits such as R&D credits and capital gains tax credits for entrepreneurs. Through the launch of our GREAT Tech Rocketships initiative, we invite the most promising, innovative, fastest growing Indian tech companies to the UK.�
TechHub is a unique environment where technology startups can start up and grow faster. We nurture an international network of like-minded and focused tech entrepreneurs, providing places where they can work, meet, collaborate, network, learn and have fun. By getting the right people together in a physical space, good things happen.
UKTI works with UK-based businesses to ensure their success in international markets through exports. We encourage and support overseas companies to look at the UK as the best place to set up or expand their business.
iSPIRT Foundation connects and guides software product entrepreneurs and catalyzes business growth. It�s an enabler of a stronger ecosystem. We encourage buyers to improve performance by leveraging software products effectively. We advise policy makers on interventions that can set the industry on a higher growth trajectory. We are a not-for-profit industry think-tank founded by key participants and proponents of the Indian software product industry.