After Chinese companies, Israel bets on Indian startup ecosystem

Israel

After Chinese startups and Internet conglomerates, Israeli companies are betting big on the Indian market. More than 100 such startups from Israel are already working in India and there are many others which are planning to launch their business in the country.

Mobileye, OrCam, and CheckPoint are some of the famous names in India which are working with the government and companies in the country and the common thread among the companies are that they all belong to an Israeli tech ecosystem.

AI startup Mobileye, an automotive vision technology maker for advanced driver assistance systems (ADAS) and fully autonomous vehicles, is working with Karnataka State government to map accidents prone areas in the state. Besides, car rental company Revv has also tied up with MobileEye to reduce damages and accidents.

Another AI-based wearable company OrCam, which targets disabled people, has also set up a based across metro cities in India. It is also planning to collaborate with Government and NGOs apart from corporates’ CSR activities to break through the weaker sections in India.

Also Read: Mukesh Ambani’s RIL to invest $25 Mn in Israel-based startup incubator

At a time, when Indian cyberspace is rife with malicious attacks, cybersecurity company CheckPoint is tying up with Universities to render skilling in cybersecurity and looking to strengthen the ecosystem here.

Besides private companies, the Israeli government is involved in building industry ties between the two countries to smoothen up the business process.

The Israel Innovation Authority, an independent and impartial public entity that operates for the benefit of the Israeli innovation ecosystem, has tied up with Nasscom and other Indian companies for the development of the ecosystem for both the countries.

The development was first reported by ET.

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