Expanding into another country and conquering global markets is the dream of every startup. However, it requires a well-prepared internationalisation strategy and a combination of trial and error. The term “foreign liability” is well known in business literature and describes the inherent disadvantage as well as additional costs that foreign companies face when expanding into other geographies.
India and Germany boast strong startup ecosystems and in both countries, the trends in new and emerging technologies such as artificial intelligence (AI) are exciting and seen as a game changer.
Scientific spin-offs are the ideal scenario of a startup foundation but the transfer from science to business is not always easy. Scientists often lack the necessary knowledge to bring their innovations to market in an application-oriented manner.
KPMG jointly with the Indo-German Chamber of Commerce recently launched the German Indian Businesss Outlook 2021. The report summarises the results of the survey and provides insights into the business expectations of German companies in India and the potential of the country.
After our first virtual Startup Tour in 2020 for Indian entrepreneurs we knew: We want to organize this again! Creating synergies across continents between startups, investors, incubators and other stakeholders has always been the main goal of GINSEP. That’s why no event represents our DNA better than the Startup Tour to Germany.
Migrant founders in the US play a key role in the ecosystem as many studies highlight. But also in Germany their contribution to the German startup ecosystem is growing. As the recent Migrant Founders Monitor by the German Startups Associations has found out, around 20.3% of all startup founders have a migration background.
For some time now, the Indian government has been actively working to improve the investment climate for foreign companies. This does not only apply to established industrial companies but also to the booming startup sector. In total, over 11000 startups were founded...
Mithun Parambath, Founder and CEO of 4Pilots, has set his aim on contributing to safety in the mobility sector with the help of advanced photon technology. Mithun’s idea for his venture came from the fact that many road accidents take place globally because of drivers...
Moving to another country brings along many new processes to follow. Opening a bank account, finding the right health insurance and registering with the foreign authorities are only a few steps one has to undertake when arriving in a new country. The startup Coracle is offering fully digital, seamless blocked account and health insurance services for international students coming to Germany.
Cancer is one of the most severe diseases, not only in India but worldwide. It is very challenging to provide treatment to the patients due to various reasons. The German startup Canostix GmbH is trying to close this gap by delevoping a test to detect and diagnose cancer in India in an affordable and accessible manner.