To promote rural innovation, T-Hub, an innovation ecosystem located in India, and Suzuki’s Next Bharat Ventures have formed a strategic alliance.
According to a statement released by T-Hub ,this partnership represents a major commitment on the part of the company to support Next Bharat Ventures, Suzuki Motor Corporation’s first fund in India, which is devoted to developing and empowering impact entrepreneurs who are adding value to rural India.
The announcement claims that T-Hub’s knowledge and wide network will be crucial in enhancing the visibility and effect of Next Bharat Ventures’ projects.
By means of this collaboration, T-Hub will use its proficiency and connections to enhance the scope and influence of Next Bharat Ventures.
Three main initiatives will be used to achieve this: enhancing the Next Bharat Residency Programme through collaborative events, workshops, and mentorship; providing entrepreneurs with leadership training tailored to the rural Indian market; and assisting Tier II and Tier III city startups in building an inclusive innovation ecosystem.
Read also- India-Based Ninecamp Secures $2 Million in Seed Round Funding
A four-month intensive Next Bharat Residency Programme for early-stage entrepreneurs dedicated to improving India’s rural and informal sectors is another initiative that Next Bharat Ventures intends to introduce.
It should be mentioned that Suzuki Innovation Centre, a greenfield project of Suzuki Japan, was formerly funded by T-hub and is currently one of the Next Bharat Ventures’ vehicles.
“Through our partnership with Next Bharat Ventures, a Suzuki initiative, we aim to address broad challenges in India, beyond mobility, leveraging the synergistic combination of technology and design, This partnership will empower Indian entrepreneurs to scale globally, fostering homegrown technology startups with access to mentorship and guidance from T-Hub and Next Bharat Ventures,” said Mahankali Srinivas Rao (MSR), Chief Executive Officer of T-Hub.
T-cluster is a Hyderabad-based innovation cluster and ecosystem facilitator. The company has carried out more than 100 innovation programmes that have an effect on businesses, startups, and other innovation ecosystem participants.
Since its founding, it has helped more than 2000 domestic and foreign businesses gain access to superior technology, talent, mentors, consumers, corporations, investors, and government agencies.
Vipul Nath Jindal, Chief Executive Officer and Managing Director of Next Bharat Ventures, said they embark on this journey to cultivate an impact entrepreneurship ecosystem that is deeply community-oriented. Our long-term ambition is to collaborate closely with stakeholders within the ecosystem, building compounded synergies, Our partnership with T-Hub will empower and nurture Impact Entrepreneurs with access to the T-Hub and Next Bharat ecosystems,” he added.
Founded as an Impact Fund, Next Bharat Ventures aims to reduce global income inequality by raising the standard of living for those living in India’s rural and informal sectors, which employ over two third of the country’s population.
Next Bharat creates a community of cause-driven entrepreneurs committed to community development and social contributions by supporting impact entrepreneurs who raise earnings in various Indian sectors.
Read also- Singapore-Based Dr Clear Aligners Raises $8 Million in Series A Round Funding
The fund is neutral regarding sectors, with a primary focus on financial inclusion, rural mobility, agriculture, and rural supply chains.
About T-Hub
T-Hub, the world’s largest innovation campus, was founded in 2015 by the Government of Telangana, IIIT Hyderabad, ISB, NALSAR, Tech Mahindra, and Cyient. T-Hub, DST, and NITI Aayog developed the Machine Learning and Artificial Intelligence Technology Hub (MATH) and Atal Incubation Centre, respectively.
About Next Bharat Ventures
Next Bharat, a proud subsidiary of Suzuki Motor Corporation, Japan, supports impact entrepreneurs that want to help the Next Billion in India. They want to reduce India’s income gap by highlighting the informal and rural sectors in Bharat’s growth story.
