New Delhi: Indigram Labs Foundation (ILF), a technology business incubator and accelerator has signed MOU with EXCEL HORT CONSULT AGRIBUSINESS INCUBATOR [EHCAI], Uganda during the World Incubation Summit, 2019 held at Doha, Qatar. The conference brought together an exclusive group of international incubators and accelerators, multinational corporations, and government innovation agencies seeking innovative ways to collaborate with each other.
EHCAI, at Uganda, is an organization that provides Business Incubation Management, Agri-business enterprise development and agro industry value chain development services to local, national, regional and international organizations as well as private sector players. It is a 20 years old business Incubator from Africa.
ILF is tying up with several international accelerators and incubators across the globe, which includes TBIs in Singapore, Australia, Uganda, Israel, Estonia etc. This is first time they have tied up with a Ugandan Organization considering the strategic advantages both the nations can have from each other.
“The aim of the partnership is at fostering job and employment creation in Africa and India through business incubation and technology exchange. The collaboration will add value and boost growth and development of incubators and accelerators. Excel Hort Consult Agribusiness Incubator limited will tap into rich knowledge and expertise of Labs Indigram foundation to grow its business and support to start ups in Africa,” said Mr. Alex Ariho, Director General, EHCAI, Uganda.
The collaboration between EHCAI and ILF can be leveraged to facilitate international linkage opportunities for innovations and startups in both countries. The partnership will also serve as a platform for cross learning, sharing knowledge, best practices on innovation, and startup ecosystem development between Uganda and India. It will also allow technology-based universities and institutes to undertake collaborative research and development in areas like Agri-Tech, Agriculture, agri-business etc.
“This is an important collaboration between the two incubators as this will help agri-business focused startups in India and Uganda to do and learn international business,” said Dr. Manisha Acharya, CEO, ILF.
Through this MoU, startups of both countries will get to know about the entrepreneurial university model and practices in different sectors like food technology, agriculture, etc. They can also, collaborate to explore new models of innovation by measuring the market potential in terms of desirability, feasibility, viability, and adaptability of the products. Startup interaction festival can be organized to bring together Ugandan startups and Indian startups to meet for discussion and exchange ideas, vision and business acumen with each other to get familiarize with the business environment, products, and services.
The establishment of collaboration will also, pave a way for the new collaboration opportunities with other reputed international organizations working actively in domains like agricultural technology, food technology, artificial intelligence, blockchain programming, etc.
This partnership can serve as a platform to promote, participate and engage diversified stakeholders like expert mentors, institutes/universities/faculties, investors, media etc. Also, various activities can be organized like international programs, business seminars, workshops, exhibitions, networking events, conferences/conclaves/summit, startup idea-exchange festivals, etc. Both the incubators (EHCAI and ILF) can also jointly participate in various events to meet with investors, learn from worldwide successful entrepreneurs, explore market and technology trends etc.