Start-Up Nation Central (SNC), the independent non-profit organization that connects businesses, governments and NGOs, and the Israeli tech ecosystem, has signed a Memorandum of Understanding (MoU) with TiE (The Indus Entrepreneurs), one of the world’s largest networks of entrepreneurs.
The MoU aims to achieve full implementation of sustainable Israeli and Indian technologies in the food tech sector, particularly in the fields of novel foods, post-harvest solutions, alternative protein, food safety, and packaging, SNC said in a statement.
The initiative includes a mentorship program of three eight-month cohorts that will connect industry leaders to Israeli and Indian startups in an effort to support their market entry to India. The goal is to reach commercial agreements, “which is what differentiates it from previous comparable programs,” SNC said.
The MoU was signed by TiE President Manohar Reddy and Start-Up Nation Central CEO Avi Hasson at the inaugural event of the two-day TiE Sustainability Summit (TSS) 2021 which took place on Tuesday, October 4, at the Hitex International Convention Center (HICC), Madhapur.
TiE (The Indus Entrepreneurs) is a network of over 50,000 global entrepreneurs across over 61 cities in over 14 countries. TiE Hyderabad is one of the group’s most active chapters. In 2020, the group hosted the TiE Global Summit, one of the largest entrepreneurship summits in the world during a difficult year.
After the signing, four Israeli applicants pitched their solutions to be selected for the mentorship program. They were:
– Hargol, the commercial grasshopper farming company
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– Kitchen Robotics, the automated cooking manufacturer
– Deep Learning Robotics, the vision-based robotic controller
– Umigo, a humidity control solution
“We are very excited about our partnership with Start-Up Nation Central and the Impact the collaborative cohorts program will create for startups from both India and Israel. It gives me immense pleasure to see this program getting launched at the world’s largest sustainability summit for entrepreneurs on October 4th,” said Reddy, President of TiE Hyderabad and Chairman of the TiE Sustainability Summit 2021
“We are proud and excited to partner with TiE on this significant program,” said Hasson, CEO of Start-Up Nation Central, “Technological innovation and entrepreneurship have the opportunity to change the face and trajectory of nations. Farmers are facing increasingly harsher weather conditions, environmental pollutants, and soil depletion which, coupled with global population growth and increased product demand, compounds global concerns over food scarcity. Technologies that have the potential to either improve crop yields or transform, preserve, and tailor foods with improved functional and nutritional values will ensure a stable supply of food in the future. Given the size of the market and population, as well as the exciting tech scene in India, this partnership has the potential to offer incredible opportunities, in particular when it comes to the AgriFood-Tech sector.”