IPISH to establish India-Poland network.
Start-up hotspots of Bangalore, Delhi and Lisbon are linking up through the India-Portugal International StartUp Hub (IPISH) launched by Prime Ministers Narendra Modi and Antonio Costa.
Launched in Lisbon on 24 June 2017, IPISH is expected to help in mutual capacity building, and enable connections between start-ups, investors, and incubators from relevant sectors.
It is also expected to establish a network of honorary ambassadors based in India and Portugal to guide start-ups from both countries.
There are strong complementarities between India and Portugal in the start-up sector.
Portugal has one of the highest rates of business creation in Europe and has emerged as one of the most vibrant European eco-systems for entrepreneurship.
Lisbon is hosting the Web Summit – a key annual international technology conference – for 3 years from 2016 onwards.
The last Web Summit had 700 participants from India, and the number is expected to go up further this year.
The governments of both India and Portugal are focusing on promoting Start-ups. fii-news.com
