BANGALORE, Feb 25: Tata Elxsi and Get2Volume (G2V) today announced their partnership to incubate and grow technology companies in India and Singapore.
Tata Elxsi, India’s leading design company, recently launched incub@TE, an incubation centre programme to nurture and support aspiring entrepreneurs, a company statement said.
Get2volume, based in Singapore and with funding from the Singapore’s National Research Foundation, invests in, mentors and helps grow innovative microelectronics-centric companies, it said.
Tata Elxsi and G2V agreed to extend their incubation offerings and connections to each other’s portfolio companies. the statement said.
Get2Volume extends its incubation programme to Tata Elxsi companies that include connections, access to the ecosystem within Singapore and funding for companies that meet G2V criteria.
Tata Elxsi extends its incub@TE programme to Get2Volume portfolio companies that want to build their businesses in India, with infrastructure, mentorship and go-to-market support. It will further offer access to product engineering and its Technology IP portfolio, to help reduce development costs and time to market. These will be covered under separate agreements with the respective portfolio companies, the statement added.
“This partnership provides portfolio companies with access to capital, connections and complementary capability,” said Rajesh Kumar, Vice President, Strategic Initiatives, Tata Elxsi. (PTI)
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