Bangalore, 2nd May 2018: The National Association of Software and Services Companies (NASSCOM), in collaboration with the Japan External Trade Organization (JETRO) and the Indian Institute of Management (IIMB), hosted the Hon'ble Minister of Economy Trade & Industry of Japan, Mr. Hiroshige Seko, as the keynote speaker of the India-Japan Startup Hub Seminar this week.

The idea for India-Japan Startup Hub was conceived in2017 through a joint statement between Mr. Narendra Modi, PrimeMinister, India and Mr. Shinzo Abe, Prime Minister of Japantoestablish an India Japan Startup Hub, which will serve as a platform forpromotion of information exchange, business collaboration and investmentsbetween the vibrant and innovative Startup ecosystems of two countries.

As a part of the seminar, Mr. Hiroshige Sekohighlighted the initiatives to be taken up through Japan-India Startup Hub asan interface to Indian start-ups, and new-age innovation companies. He alsoelaborated upon Japan’s market potential for Indians start-ups to strategize theirbusiness plans in alignment with the Japanese market.

On the sidelines of the seminar, Mr. KKNatarajan, Member, Chairmen Council, NASSCOM said, “In recent times,we have forged a strong, symbiotic relationship with the Japanese ecosystemthrough tech and new-age alliances which have advantaged us both immensely. Thedigital revolution has ushered in a wealth of opportunities for co-innovationand co-creation between Indian and Japanese start-ups that are brimming withnew ideas. We look forward to being part of the bilateral legacy that they willcreate.”

Mr. Hiroshige SekoHon'bleMinister of Economy Trade & Industry (METI), Japan said, “Underthe flagship initiative of ‘Startup India’, I would like Indian startups, whohave strength in software, to work together to tackle challenges in Japan. Atthe same time, I would like Japanese companies to consider investing in Indianstartups. By this two-way investment, I would like to build up cooperation formutual benefit. To realize this, we have decided to establish a ‘startuphub’ here in Bengaluru, for the first time in the world, as an interface tofacilitate startup collaboration and two-way investment.”

Mr. Seko alsosaid, ”NASSCOM is an essential partner to support the hub. In February2017, NASSCOM agreed on a Memorandum of Understanding for IoT cooperation withthe IoT Acceleration Consortium (ITAC) comprised of Japanese industry,government, and academia, in order to promote productive cooperation as weenter the IoT and AI age, through exchanging information and facilitatingmutual visits.”

With assistance from METI of Japan, NASSCOM also haspreviously organized CEATEC 2017 (Combined Exhibition of Advanced Technologies)for Indian start-ups companies from the IoT & Analytics space tocollaborate and co-create.

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