April the 15th, 2022 - The India-Croatia Startup Challenge competition is gearing up with partner companies including the likes of Infobip and Koncar in hopes of encouraging more cooperation between startups from these two countries.
As Poslovni Dnevnik writes, the Croatian Agency for Small Business, Innovation and Investment (HAMAG-BICRO) and Startup India are organising the India-Croatia Startup Challenge competition in cooperation with partner companies Infobip, Koncar and HexGn, along with the support of the Embassy of the Republic of India in Croatia.
After the launch of India-Croatia Startup Bridge, a digital platform designed to strengthen international cooperation, innovation environment and trade and economic cooperation between Croatia and India, HAMAG-BICRO and Startup India have been busy continuing the various activities designed to encourage cooperation between Indian and Croatian startups.
Following this, a competition, the India-Croatia Startup Challenge, has been designed to find innovative startup solutions for three challenges in the fields of sustainability, livelihoods, sustainable development goals, green energy, education and skills development: Clean Water and a Better Quality of Life, Reduced Inequality and Dignified Labour and Economic Growth.
Participants in the India-Croatia Startup Challenge who offer the best solutions can win cash prizes, mentoring, incubation and business solutions for their further growth. The total value of the prize pool is estimated at 43,000.00 US dollars.
The partner companies of the India-Croatia Startup Challenge will work to provide the following benefits for the best solutions made by Croatian and Indian startups that will participate in the competition:
Infobip will select up to 3 best startup solutions from among 12 successful participants and award each of them with a prize in the form of Infobip products and services worth a total of 10,000 dollars. The selected startup teams will receive the support of the talented and experienced Infobip team in order to make the most of the possibilities of Infobip's products for their growth.
Koncar will provide a cash prize in the amount of 10,000.00 kuna (around 1,694 dollars) for the best startup solution to the Dignified Labour and Economic Growth area.
HexGn will provide a free scale up programme worth 2,000 dollars to each of the 12 successful participants (six from India and six from Croatia). The programme will run for 45 days twice a week.
Interested startup companies can submit their innovative solutions until May the 20th, 2022 on the official Startup India website via this link. The winners will be announced at an event organised by HAMAG-BICRO on June the 14th, 2022, and it will also be announced on their website.
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