The official launch of the 'German-Indian Startup Exchange Program' (GINSEP) took place in Delhi in the presence of Ambassador Dr. Martin Ney and Suresh Prabhu, Indian Minister for Commerce and Industry, on 23rd February. The event was attended by over 100 guests from politics, media and the start-up ecosystem in India and Germany.
Liz Mohn, Vice Chairperson of the Executive Board of the Bertelsmann Stiftung, Raj Chengappa, Editorial Director of the India Today Group, Dirk Wiese, Parliamentary State Secretary in the Federal Ministry for Economic Affairs and Energy, and Deepak Bagla, Managing Director and CEO of Invest India were among the speakers at the Event.
GINSEP is a project of the German Startups Association, and is promoted by the Federal Ministry for Economic Affairs and Energy (BMWi). The Startups Association, a neutral platform, hopes that GINSEP will strengthen interactions between the start-up ecosystems in both countries.
A key objective of GINSEP is to have structured networking between Indian and German start-ups. The pilot project will initially be implemented from September 2017 to August 2019. Through GINSEP, the Startups Association aims to facilitate access of Indian and German start-ups and investors to markets and networks in the other ecosystem.
Various events will be offered under GINSEP, such as expert workshops on internationalisation and on the bureaucratic and legal requirements in the target country. The workshops will be conducted by the Startups Association in close cooperation with numerous GINSEP ambassadors, both in India and in Germany.