DSO, India Innovation Hub, EaseMyTrip and HSBC partner to facilitate 200 Indian startups at Expo 2020
Dubai Silicon Oasis (DSO) and India Innovation Hub have partnered with EaseMyTrip and HSBC to enable 200 Indian startups showcase their business ideas and innovations to global investors at Expo 2020 Dubai. The India Innovation Hub, as part of the India Pavilion, will act as a facilitator for these start-ups, providing them with a global stage at the Expo to interact with investors and global counterparts for networking and partnerships.
Focus areas to select startups will be Fintech, AI, Cybersecurity, Health and Tech-enabled platforms in key priority sectors.
Dr Aman Puri, Consul General of India in Dubai and Deputy Commissioner-General for India at Expo 2020 Dubai, said, “I am delighted to note that India Innovation Hub and Dubai Silicon Oasis are partnering with EaseMyTrip and HSBC to showcase Indian Innovation to the world at Expo 2020 Dubai. India Pavilion's initiative, India Innovation Hub, has made a significant contribution to the startup ecosystem by showcasing over 240 Startups at Expo 2020 Dubai. With this joint initiative, some of India's best Innovators and Startups will get an opportunity to engage with their counterparts and key stakeholders at DSO and Expo 2020 Dubai.”
Ghanim Al Falasi, Senior Vice President, Technology and Entrepreneurship, Dtec, DSO’s wholly-owned tech hub and coworking space, added, “We look forward to playing a key role in paving the way for these 200 new Indian start-ups and facilitating their expansion into the region.”
India has emerged as an innovation hub with the world's third-largest startup ecosystem with over 40 Indian start-ups joining the Unicorn Club in 2021. As a unicorn from India, EaseMyTrip is establishing its presence in the Middle East and co-founder, Nishant Pitti, feels that Indian startups can add a lot of value to the ecosystem in the UAE.
Hitendra Dave, General Manager and CEO of HSBC in India said, “Tech & new age business segment is a key target segment for HSBC India. We have custom built products and solutions for startups across their growth cycle spectrum of early-stage, growth stage, to Unicorns and beyond. We already bank some of India’s best known, and up-and-coming startups, and we hope to partner more in the coming months and quarters.”
The Indian start-up ecosystem today has over 60,000 DPIIT-registered start-ups from 628 districts across all 28 States and 8 Union Territories. India ranks in the top 50 countries in the Global Innovation Index (GII) and is the 5th most start-up friendly country in the world (leading in Asia). Embodying the true spirit of a self-reliant India, and despite the extreme challenges posed by the global pandemic, over 40 new unicorns came into existence in India, taking the total number of unicorns to 85.
