Business Standard: March 08, 2016
Hyderabad: T-Hub, a public-private-partnership initiative by the Telangana government to support technology-enabled start-ups, on Monday signed a memorandum of understanding with Tat Capital, a corporate finance advisory that facilitates trade and investment ideas between Australia, New Zealand and the Indian sub-continent through effective capital raising.
The MoU will connect T-Hub's start-ups with Australian growth companies with next-generation innovations to explore acquisition, partnerships and strategic investment ideas, besides providing T-Hub's start-up and VC community access to Australian VC, private equity and family office investors to cross-pollinate ideas, technology and capital between the regions.
"Entrepreneurs are always breaking boundaries and this is another geographical barrier that we hope entrepreneurs in India, especially T-Hub, will cross and help us establish a long-standing relationship with Australia and New Zealand. This also provides them with an opportunity to sail in uncharted waters and swim against the tide. We look forward to this association with Tat Capital and building greater things for entrepreneurship in India," said T-Hub chief executive officer Jay Krishnan.
According to T-Hub, the MoU will allow Tat Capital to offer Australian businesses access to Indian expertise from the Indian School of Business (ISB), Indian Institute of Information Technology, and the National Academy of Legal Studies and Research. Australian companies will be able to utilise resources in Indian business, technology, intellectual property and legal frameworks to start or improve their businesses in India.
Tat Capital co-founder Ram Gorlamandala said the new agreement was testament to the growing interest in cross-border opportunities between the three countries.
"India is a natural fit in many ways for Australian business, and vice versa. In recent times we haven't seen the level of interest in India that it warrants, but this is changing rapidly and we look forward to progressing this change through our new partnership," he said, in a statement.
Next month, Tat Capital, along with a number of prominent and listed Australian, New Zealand and Indian businesses, will host a business insights tour to Hyderabad.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.