- Collaboration will focus on strategically accelerating India’s product engineering IP ecosystem by helping companies in the early stages of entrepreneurship
Mentor, a Siemens business, today announced a strategic collaboration program with THE GAIN (The Global Accelerator for Innovation Network) – a technology accelerator company focused on product engineering IP startups. As part of this synergetic collaboration, both organizations will work with innovative Indian startups to accelerate, develop and customize IP to address both domestic and international markets.
Established to advance ESDM (Electronics System Design and Manufacturing) in India, the collaboration’s goal is to foster excellence in the early stages of startup companies in India. Both companies will work closely with startups and entrepreneurs looking to establish and launch companies in the product engineering space, with a special focus on engaging with startups in the early phase of entrepreneurship.
THE GAIN is a technology accelerator headquartered at Bangalore and founded by B V Naidu, former STPI Director turned Entrepreneur. The organization focuses on accelerating early stage companies through access to funding, access to active mentoring and access to business.
“Mentor has established an outstanding track record of supporting, developing and accelerating startup ecosystems, both in India and across the globe,” said Raghu Panicker, Mentor’s country sales director for India. ”Through this strategic collaboration we look forward to further accelerating the India startup ecosystem by working closely with promising product companies to make them successful.”
“India’s ESDM ecosystem is on a growth trajectory thanks to the ‘Make in India’ focus by the Indian government,” said Poornima Shenoy, chief executive officer of THE GAIN. “This collaboration with Mentor, a global technology leader, will have distinct benefits to startups looking to grow and succeed. It is our shared vision to collaborate and support highly successful startups in India who deliver innovative products. We are looking at accelerating the growth of at least 30 companies in the next three years.”