Download the FREE SBS Radio App for a better listening experience
Following the announcement of $1.58 million NSW-India partnership to promote startups and tech businesses, eight Australian fintech startups are in India to attend a business development program this week.
David Jordan of Enteruptors, Marilu Marron from ClaimSpace, Sophie Gerber of TRAction Fintech, Sid Sahgal of Macrovue, Maxim Mattvey of MoneyLoop, Jag Khangura of InDebted, Luke Gaynor of FARMpay and Epictenet’s Ritesh Srivastava were chosen to go on this Fintech Mission to India.
NSW Minister for Trade and Industry Niall Blair announced the financial technology (fintech) startups are attending an intensive one-week business development program in India from 24–29 June 2018, with NSW Government support.
Mr Blair said the fintechs’ visit to India was the first step in an innovative two-year, $1.58 million partnership set up between NSW and India to enhance business outcomes for the State’s startup, technology and advanced manufacturing sectors.
“This fantastic partnership was announced during the Premier’s trade mission to India in April 2018 and I’m delighted we’ve made such quick progress to get this first step underway.
“This is an outstanding opportunity for NSW entrepreneurs who are developing their ideas, who want to learn from India’s best and brightest, and who want to explore one of the world’s most dynamic technology and startup markets,” he said.
The one-week program will be based out of Zone Startups in Mumbai, where the attendees will be given an introduction to the Indian market and will get to meet and network with local startups and potential business partners.
Supported by India’s Department of Science and Technology, Zone Startups is located in the Bombay Stock Exchange and is an independent startup accelerator and entrepreneurship platform.
Mr Blair said the new partnership would be a great opportunity to further develop NSW and India’s increasing economic, business and cultural ties.
“Trade of goods and services between NSW and India is worth about $1.8 billion annually including coal, metals and textile fibres as well as education.
“This new partnership gives us another growth platform by developing innovative, knowledge-based industries and strong international connections for our startup communities,” he said.