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Accord to grow social and tech ties with India
Minister Ayres signed an agreement for NSW technology firms to provide new solutions for the Indian market.
The NSW Government's MOU with Social Alpha will promote new trade pathways for NSW companies and raise awareness of NSW capabilities in this important market.
The MOU will explore co-incubation and acceleration opportunities to support NSW innovators and entrepreneurs and facilitate collaboration by recommending start-ups with market ready solutions.
The agreement is one of the many successes to come out of NSW Government's $1.58 million Access India initiative to build technology links with India.
Social Alpha's mission is to address some of India's most complex social, economic and environmental challenges with innovative technology.
Andrew Mears, Founder of clean technology company SwitchDin, participated in the NSW Government’s Access India initiative during 2019 and was recently selected as one of the winners of the Social Alpha Energy Challenge 2.0.
“SwitchDin is proud to collaborate with Social Alpha to bring its virtual power plant and micro-grid software solutions to the Indian market,” Mr Mears said.
“Social Alpha and SwitchDin are aligned with our shared commitment to ensuring that the proliferation of renewable energy is inclusive and leads to broad social and environmental benefits,” Manoj Kumar, CEO and Founder of Social Alpha, said.
“The partnership with NSW Government will drive convergence between the objectives of entrepreneurs seeking support and the providers of risk capital, market access and technical expertise.
We are excited to partner with NSW Government who is equally encouraging of the innovation and entrepreneurship ecosystem. Together we will support, mentor and engage mission driven entrepreneurs that are developing high-impact solutions to address poverty, climate change, energy access and energy efficiency in India.”
Further initiatives to support NSW services companies access the India market are currently under development.