SKM News Service<\/p>\n
New Delhi. Startups and small to mid-sized enterprises(SMEs) in India and Australia working on circular economy technologies and solutions will benefit from a new accelerator program designed to open new doors to explore opportunities between the two countries.<\/p>\n
AIM, NITI Aayog today launched a new accelerator called Rapid Innovation and Startup Expansion (RISE) to support Australian and Indian circular economy startups.<\/p>\n
The India Australia RISE Accelerator is delivered in partnership between CSIRO, Australia\u2019s national science agency, and Atal Innovation Mission (AIM), the Government of India\u2019s flagship initiative to promote a culture of innovation and entrepreneurship.<\/p>\n
Mr Manpreet Vohra, High Commissioner of India to Australia said, \u201cIn the dynamic landscape of international relations, the strategic partnership between India and Australia stands as a testament to our shared values, economic interests, and geopolitical objectives that bind the two nations together. The RISE Accelerator will not only strengthen diplomatic ties but also paved the way for collaborative efforts across various domains\u201d<\/p>\n
Dr Chintan Vaishnav, Mission Director \u2013 Atal Innovation Mission \u2013 NITI Aayog said, “RISE Accelerator stands as a pioneering multi-year bilateral program, uniquely crafted between India and Australia, dedicated to addressing the shared challenges of both economies. Focused on the overarching theme of environment and climate technology, RISE provides a platform for startups to innovate solutions that transcend global challenges.”<\/p>\n
Tamara Ogilvie,CSIRO\u2019s RISE Accelerator program director said the program focusses on startups and SMEs that have mature technologies and a desire to expand between India and Australia.<\/p>\n
\u201cOver the nine-month RISE Accelerator program, we\u2019ll help startups navigate early steps in a new region, fast-track connections to the right partners, customers and talent, and build credibility to succeed in international markets,\u201d Ms Ogilvie said.<\/p>\n
\u201cFor the first round of RISE Accelerator, we\u2019re calling for startups and SMEs developing innovative business models, technologies, and or resource ingenuity to support India\u2019s and Australia\u2019s transition to a circular economy.\u201d<\/p>\n
Pramit Dash, AIM\u2019s RISE Accelerator lead said the Australian and Indian startups would be well supported to validate and adapt their technology and research overseas.<\/p>\n
\u201cThis is a real opportunity for startups from Australia and India to work with industry and researchers in their target market,\u201d Mr Dash said.<\/p>\n
\u201cAs well as developing cultural literacy,participants will develop meaningful bilateral industry and research collaborations.\u201d<\/p>\n
The first round of the program aligns with CSIRO\u2019s Circular Economy for Missions initiative, which is focused on creating a sustainable future built on waste innovation.<\/p>\n
Heinz Schandl, CSIRO\u2019s Circular Economy for MissionsLead said that we need to design materials and products with a zero-waste mindset.<\/p>\n
\u201cA circular economy means products are designed in such a way that they can be used again, or even multiple times, to maximise their value,\u201d Dr Schandl said.<\/p>\n
\u201cWe hope this program will help to accelerate technologies and solutions to grow economies, create jobs and reduce waste.\u201d<\/p>\n
There is no charge for startups to participate in the program, which will be delivered virtually, with a number of opportunities to travel between Australia and India. Participating startups may also be eligible for up to INR 40,00,000 in non-equity grants.<\/p>\n
Applications for the RISE Accelerator program are open now, and will close Saturday 7 January 2024.<\/p>\n
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SKM News Service New Delhi. Startups and small to mid-sized enterprises(SMEs) in India and Australia…<\/p>\n","protected":false},"author":1,"featured_media":21249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,9],"tags":[],"class_list":["post-21248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-13","category-9"],"yoast_head":"\n