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Australian authorities look to set up global startup landing pad in Bengaluru city

Start-ups

Australian start-ups are eager to associate with Bengaluru, the start-up capital of India.

The tech city is being considered for a global start-up landing pad, one of the five that the Australian government wants to set up the world over to provide its companies access to new opportunities in global markets and boost Australia’s startup ecosystem by collaborating with local partners.

A sum of $11 million is being spent towards this end. Locations for three startup landing pads have already been identified. They are Tel Aviv (Israel), San Francisco (US) and Shanghai (China).

The Australian High Commission in New Delhi recently approached the Karnataka government to explore the possibility of a landing pad in Bengaluru. “We met them once about this. We will meet them again. It’s a win-win thing,” principal secretary V Manjula told ET.

The Karnataka Knowledge Commission (KKC), the state’s policy think tank, was tasked to evaluate the prospect. “We have given our go ahead,” said KKC member-secretary Mukund K Rao, who was part of Karnataka’s delegation that met the Australian authorities. “If there is any place in the world that fits this concept, it is Bengaluru. This message has been strongly conveyed.”

The Australian High Commission and Australia’s Department of Industry, Innovation and Science did not respond to ET’s queries over email. “The five landing pads will provide market-ready start-ups with a short-term operational base in global innovation hotspots,” Australia’s Minister for Industry, Innovation and Science Christopher Pyne has said in a recent statement.”The initiative gives companies access to entrepreneurial talent, mentors, investors and a wider connected network of innovation hubs.”

According to Rao, if Bengaluru is chosen, it could give shape to a new startup culture.

“If start-ups can emerge between two nations, it elevates your business and environment. The Knowledge Commission has urged the government to push for such initiatives and get more international collaborations,” he said.

Source: ET News, April, 2016

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