The Singapore Indian Chamber of Commerce and Industry (SICCI) and IIT Kanpur's Start-Up Incubation And Innovation Centre (SIIC) are set to kick off their Launchpad Competition 2021 tomorrow to cement their recent association and to strengthen their efforts towards promoting indigenous innovation.
The start-up pitch competition will be held virtually from 2.30 PM (Singapore Time) to 4:30 PM (Singapore Time) / 12 PM (IST) to 2 PM (IST).
“With SIIC, we plan to provide a well-deserved launchpad to our start-ups and those in India to create well-established global brands that thrive on excellence, innovation, and ingenuity,” Dr T Chandroo, Chairman, SICCI, said.
The event involves nine pre-selected contestants – five from Singapore and four from India who will each present a virtual pitch of their ideas to the judges. Two winners; one from Singapore and one from India, will be awarded a token of appreciation of SGD 2000 each on the same day.
The purpose of the launchpad is to encourage start-ups to take advantage of the Singapore-India trade and technology corridor. To enable a cross-border exchange of ideas and leveraging relevant market opportunities, the Singapore contestants will be hosted in IIT Kanpur following the event while Indian contestants will be hosted in Singapore.
“We are hopeful that this platform will give rise to many path-breaking initiatives in education and entrepreneurship development and give rise to ample opportunities across various areas,” Prof Abhay Karandikar, Director IIT, Kanpur said.
On March 10, 2021 SICCI and SIIC IIT Kanpur signed a memorandum of understanding (MoU) to commemorate their shared goals of education and entrepreneurship development. The two institutions will collaborate to identify young, indigenous talent to provide them with an array of incubation services.
Both SICCI and SIIC will promote homegrown and international initiatives operating in the technology domain with mentorship and access to capital.