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Oz state to pump AUD 1.6 mln to help startups learn from India

Press Trust of India  |  Mumbai 

Australian state of New South Wales (NSW) today said it will invest AUD 1.58 million to help its entrepreneurs learn from India's best minds.

Its today announced the decision to invest ASD 1.58 million over next two years, which will help create in the province.

"The funds will be used to send NSW young entrepreneurs and startups to to learn from the country's best and brightest, to support commercial connections between startups in NSW and and on fostering collaboration on advanced technology projects," an official statement said.

The announcement was made by Berejiklian, who is on a four-day visit to the country, during an event at the Zone Startups here.

"This partnership will ensure our industries grow alongside one of the world's most dynamic technology markets," she said.

Berejiklian said her state is home to 44 per cent of the nation's startup founders and 40 per cent of the information and (ICT) industry.

The investment will help businesses in NSW gain access to the best entrepreneurs and in the world, she said, adding this will help create smart jobs of the future.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 16:30 IST