India-Nepal Startup Partnership Launches Training for 25 Nepali Startups
India-Nepal Startup Partnership: 25 Nepali startups begin training
Asianet NewsableImage: Asianet Newsable
The second cohort of the India-Nepal Startup Partnership Network (IN-SPAN) has begun, featuring 25 Nepali startups participating in an eight-week training program at IIT Madras Pravartak Technologies Foundation in Chennai. The initiative aims to foster cross-border innovation and strengthen ties between India's and Nepal's startup ecosystems.
- 01The IN-SPAN program is fully funded and aims to enhance collaboration between Nepali entrepreneurs and the Indian startup ecosystem.
- 02The second cohort includes startups selected from 380 applications, focusing on sectors like AI, biotechnology, and fintech.
- 03The first cohort saw 9 Nepali startups receive incubation offers from IIT Madras Incubation Cell, which has a portfolio valuation exceeding USD 6 billion.
- 04Ambassador Naveen Srivastava encouraged participants to explore partnerships with Indian startups.
- 05The program's popularity led to an earlier launch of the second cohort, reflecting its positive impact on Nepal's startup community.
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The India-Nepal Startup Partnership Network (IN-SPAN) has launched its second cohort, with 25 Nepali startups participating in an eight-week, fully-funded training program at IIT Madras Pravartak Technologies Foundation in Chennai. This initiative aims to enhance collaboration between emerging Nepali entrepreneurs and the Indian technology sector. The program was inaugurated by key figures from IIT Madras and attended virtually by Ambassador Naveen Srivastava, who urged participants to engage with the Indian startup ecosystem. The second cohort was selected from 380 applications, representing diverse industries including Artificial Intelligence, biotechnology, and fintech. Notably, the first cohort led to 9 Nepali startups receiving incubation offers from IIT Madras Incubation Cell, a prominent deep tech incubator. The success of the initial cohort prompted an expedited launch of the second cohort, highlighting the program's significant impact on fostering innovation and investment linkages between India and Nepal.
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The IN-SPAN program is expected to significantly enhance the capabilities of Nepali startups, potentially leading to increased innovation and investment in Nepal's technology sector.
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