Israel's Start-up National Central, iCreate unite for innovative projects

Israel's Start-Up National Central and Ahmedabad-based iCreate on Tuesday inked a memorandum of understanding (MoU) for starting a programme to bring together Israeli and Indian entrepreneurs as well as startups to collaborate on innovative projects.

Start-Up Nation Central and iCreate will initiate a unique online acceleration programme for market penetration to work with relevant technologies that match up with requirements originating from Indian corporations, Embassy of Israel said in a release.

"Today, we close a circle. A circle that started in 2018 when PM Modi and PM Netanyahu inaugurated this important incubator, iCreate, and now, two years later, we are signing, on the very spot where they stood, an MoU on innovation between Israel's Start-Up Nation Central and India's iCreate," Ambassador of Israel to India Ron Malka said.

This agreement is an important milestone in the growing innovation collaboration between Israel and India and stands in line with the visions of the Prime Ministers. Israel has the most startups per capita worldwide, and India is the top innovation destination in Asia, he noted.

According to him, both the countries continue to form partnerships and collaborations in technology and innovation to solve a range of global issues like COVID-19, renewable energy and more, implementing high-end technologies like AI, big data analysis and more.

Start-Up Nation Central is an independent non-profit organisation. iCreate was established in 2012 to create a hi-tech start-up ecosystem with the active support of Narendra Modi, who was then the Gujarat Chief Minister, the release said.

Yaakov Finkelstein, Israel's Consul General in Mumbai, in a lighter vein commented that the combination of Indian Jugad (resourcefulness) and Israeli Chutzpah is a deadly combination which has helped the two countries click together in innovative projects

As per the release, the aim of the programme is to bring together Israeli and Indian entrepreneurs and startups to collaborate on innovative projects.

Gujarat's Chief Minister Vijay Rupani conveyed his best wishes on the signing of the MoU through a video message.

The MoU was signed by Eugene Kandel, CEO of Start-Up Nation Central from Jerusalem and Anupam Jalote, CEO of iCreate from Ahmedabad.

"The Israel-India growing partnership has developed into a strategic partnership in recent years, and since the beginning of the COVID-19 pandemic, the two countries have collaborated on a number of joint ventures such as Operation Open Skies and integration of Israeli medical equipment and technologies in Indian hospitals," it added.