If you think you are an entrepreneur and can provide solutions to challenges in the areas of agriculture, water, and digital health, then this might be your chance to win a cash prize as well as other perks to support your business under goverment’s India-Israel Innovation Challenge.
India and Israel jointly have invited entrepreneurs, startups, research teams to submit solutions. The promising proposal can win a cash prize of Rs 2- 5 Lakh, along with cross-border mentorship and incubation/acceleration support, participation in an exclusive co-creation summit with industry leaders, experts and potential partners and an Opportunity to pilot with leading partners in India.
— Startup India (@startupindia) September 11, 2017
There are more than 500 Isreali agri-tech companies. India is the largest user of ground water and Israel is the largest investor in ground water technology. More than 600 million people seek affordable health care service. Isreal has around 385 companies in digital health.
Every year, roughly 5.8 million Indians die from heart and lung diseases, stroke, cancer, and diabetes. In other words, 1 in 4 Indians risks dying from a Non-Communicable Disease (NCD) before they reach the age of 70. India stands to incur a loss of $4.58 trillion between 2012 and 2030 due to NCDs.
In July first week, Indian Prime Minister Narendra Modi, along with the Prime Minister of Israel, Benjamin Netanyahu, this week launched a bilateral innovation challenge calling on Israeli and Indian startups to combine forces to develop solutions to some of the world’s most critical challenges in agriculture, water and digital health.
As part of the challenge, a joint panel of judges will select entrepreneurs from India and Israel who will get the opportunity to further develop their solutions through a unique program managed by Invest India and Israel Innovation Authority. The selected startups from both countries will have the opportunity to interact with end users, investors, corporations and other potential partners in India and Israel.