From September 7th, 2020 to September 11th, 2020 the Indo-German Chamber of Commerce (AHK India), on behalf of the Federal Ministry for Economic Affairs and Energy (BMWi), is conducting a market exploration tour for German SMEs and startups active in fintech, mobility, logistics and greentech.
When companies think about India, a lot of prejudices pop up. We all have heard stories about problems with Intellectual Property Rights and differences in cultural understanding. But if companies look beyond the initial challenges, India has to offer a vast market with endless opportunities.
The Indian startup ecosystem has been growing at a staggering rate of 12-15% year by year. In 2019, 1,300 new startups were incepted, out of which 43% operate in the B2B space. There are currently around 20,000 active startups, with 4,750 of them being technology-driven startups.
One of the important pillars of GINSEP is the voluntary ambassador network that supports startups in Germany and India seeking to expand to the respective other country. Ambassadors constitute of incubators, investors, entrepreneurs, investment agencies, service providers and corporates, among others.
In autumn 2017, Alpha-Telemed, which enables home-monitoring of Parkinson’s patients, using a proprietary software, for the purpose of medication-adjustment, embarked unwittingly on an exciting & unpredictable journey with GINSEP – a journey that has lasted for well over 2 years and traversed 6 cities: Munich, Bangalore, New Delhi, Kolkata, Hannover & Berlin.
The start-up landscape of India has undergone major changes over the last decade. India’s under-penetrated market offers immense growth opportunities to new and budding start-ups.
However, before starting a business in India, it is important to select the right entity type. Each entity type has its pros and cons. Key consideration is to understand the limitation of each structure and balance the advantages and disadvantages while making an entry in India.
Delivering high quality healthcare is a continuous challenge for all countries. As the digital transition accelerates across all scales, there is a massive opportunity for developing a vibrant healthcare innovation ecosystem between Germany and India. In fact, there are some clear pathways that can significantly augment approvals and commercialisation of new technologies and therapies, thereby supporting the healthcare systems to deliver better service to all.
Germany and India are longstanding partners - historically, culturally, politically and economically. In the early 2000s, the ‘Agenda for the Indo-German Partnership in the 21st Century’ was adopted by both countries that envisioned regular meetings of the state heads...
Authors: German Startups Association, https://deutschestartups.org/en/ When coming to Germany to start a business, it is useful to know some basic facts, which can help to put the new business place into perspective and manage everyday life more easily. National...
Author: Flo Oberhofer, http://www.make-in-india.de The target of this article is to give Indian startups a first insight into the German culture and its implications on business behaviour and attitudes. This article does not claim to be a single source of truth and...