Launched the Startup Europe India Network (SEU-IN)
STARTUP EUROPE INDIA NETWORK
Connecting the European and Indian Startup ecosystems
Startup Europe India Network (SEU-IN) launched to increase growth, investments and collaboration among key stakeholders and change-makers.
LONDON, UK, January 28
Startup Europe India Network (SEU-IN, reads See You In), an initiative to connect the pan-European and Indian startup ecosystems, is launched. SEU-IN brings together key stakeholders in order to create seamless engagement and foster growth, investments, and collaboration between the European and Indian startup ecosystems. Founded by Praveen Paranjothi, a Europe based venture capital investor, SEU-IN is built in collaboration with the Startup Europe initiative of the European Commission.
In the era of Digital and ICT changing every industry, innovation and disruptions can come from anywhere. While Startups have rightly recognized this fact and are globalizing their impact, Startup ecosystems have largely remained local. SEU-IN is the one-of-a-kind initiative focused on globalizing two major Startup ecosystems.
India boasts one of the youngest populations in the world, and is expected to reach 460 million Internet users, with 370 million connected through mobile devices by mid-2016. Sundar Pichai, the CEO of Google, said, “India is the fastest growing startup nation in the world”. India therefore represents a massive market opportunity. Europe, with its proximity, and long-standing relations is a natural partner with India. However, European participation is rather limited in the Indian startup ecosystem, even though European corporates are active in India for a long period of time, and EU is India’s biggest trading partner.
Europe, on the other hand, is a significant player in the Startup, technology and innovation space and a big market. Europe’s global technology successes in the last decade or so include Skype, Spotify, Rovio (Angry Birds), Supercell (Clash of Clans), Deep Mind and European startups are briskly disrupting financial services, gaming, security, education, technology, artificial intelligence and more. European corporates such as Siemens, SAP, Vodafone, Nokia, Daimler Chrysler, Bosch have a long-standing presence in the Indian market. Europe has built several hubs, which are making waves and are emerging strong with cities such as London, Berlin, Paris, Stockholm, and Amsterdam at the forefront, and with many more up and coming. This strong position has however not transitioned to Indian tech ecosystem’s focus to leverage Europe.
SEU-IN is therefore launched to tap into the untapped opportunities of working together. This initiative is a unique network, built from the bottom-up by people who are in the business, bringing together key stakeholders and change-makers to collaborate, build strategic partnerships, create value, expand and invest within and between the European and Indian markets. SEU-IN focuses on “quality” and “action”.
About Startup Europe India Network (SEU-IN)
Startup Europe India Network (SEU-IN) connects the European and Indian Startup ecosystems. SEU-IN target stakeholders are Startups, Scaleups (growth companies), Investors (VC, Business Angels), Corporates, Incubators, Accelerators, Innovation Agencies, Public Initiatives, entrepreneurial Universities, partners with the Media (“Our Ecosystem”), and relevant change-makers focused on Europe and India. SEU-IN focuses on increasing collaboration, growth and investments within and between the ecosystems by creating a channel for seamless engagement.
SEU-IN sector focus is on digital and ICT and, particularly, its intersection with other 10 core areas: Fintech, Cyber security, Intelligence (data, machine, and artificial), Smart Cities, Edtech, Agritech, Waste Management, Health teach, and Government and Business tech – areas where Europe and India have the strong need and/or offering.
SEU-IN’s Advisers include Tomasz Kozlowski, the Ambassador of the European Union to India, Uli Grabenwarter, Deputy Director at the European Investment Fund, T.V. Mohandas Pai, ex-CFO of Infosys and Chairman of Aarin Capital Partners, and Isidro Laso Ballesteros, Head of Startup Europe Sector in the European Commission. SEU-IN is also nominating Ambassadors, who are local point of contact in the Startup Hubs in Europe and India. SEU-IN’s founding collaborators include the Startup Europe initiative of the European Commission, Cambridge University India Business Center, Holland Fintech, and Crosspring, Netherlands.
SEU-IN is founded and presided by Praveen Paranjothi, a Europe based venture capital investor. Over the course of his career, he has worked in technology, telecommunications, education, and investment in global investment firms and corporates including the European Investment Fund, Siemens Venture Capital, Siemens, Nokia Siemens Networks, and Jothis College of Arts & Science.
Managing team: Praveen Paranjothi (Founder and President); Mauro Romaldini (Founding VP)
Ambassadors: Dimmes Doornhein (Netherlands); Luigi Mercuri (Germany); Inga Miliauskiene (Lithuania); Kristiina Vassilkova (Estonia).
Contact: Mauro Romaldini
Mobile: +44 7985661949
About Startup Europe
Startup Europe is a European Commission initiative that aims to strengthen the business environment for web and ICT entrepreneurs so that their ideas and business can start and grow in the EU. More information at startupeuropeclub.eu @StartUpEU