NSW–India technology exchange program

People working on laptops outside

Why India?

India is one of the world’s most dynamic and fast-developing technology markets and an important trading partner for New South Wales.

Building links between the tech ecosystems in NSW and India will help grow and strengthen business partnerships, contribute to economic growth, skills development and job creation. Of particular focus are sectors such as agriculture, cyber security, health, education and financial services.

To facilitate creation of these links, the NSW Government is working with our partners in India to provide a NSW–India technology exchange program. Over the next two years the program will help NSW entrepreneurs connect with the Indian market, share knowledge and assist in forming commercial partnerships in areas where we believe NSW and India share common challenges, or where mutually beneficial opportunities exist.

Fintech exchange to India applications open

The NSW Government is offering 10 NSW fintech startups the opportunity to undertake an intensive one week accelerator and business development program in Mumbai and Bengaluru, India, from 24–29 June 2018.

Based out of Zone Startups India, the one-week program will provide an introduction to the Indian market, facilitate meetings and networking sessions with the local ecosystem and potential partners, and provide guidance on taking a business global.

We are looking for startup entrepreneurs who are developing scalable, global solutions and who want to explore new markets and opportunities while helping to build NSW and Sydney’s reputation as a leading Asia–Pacific fintech hub.

What the program offers

  • Return economy flights to Mumbai, India
  • Accommodation for seven nights
  • A week-long curated program including:
    • the opportunity to raise your profile globally
    • access to leaders in innovation and entrepreneurship
    • meetings with India-based multinationals
    • connections to globally successful Indian fintech startups
    • meetings with mentors to address business or technical challenges
    • exploration of commercialisation partners and potential customers
    • end-of-program pitch day/demo day in Mumbai
    • networking and continuing development opportunities after returning to Australia

Applications close on 4 June 2018 at 5.00 pm.

Zone Startups India

Established in 2014, Zone Startups India is a global network of technology accelerators and early-stage venture funds with a presence in India, Canada and Vietnam.

Zone Startups India focuses on the pillars of validation, mentorship, industry connections and investor access. It has developed a reputation for helping mentor and guide strong, successful and enduring startups.

Based at the Bombay Stock Exchange, Zone Startups India is the only independent startup accelerator and entrepreneurship platform in India to be supported by India’s Department of Science & Technology. It also has extensive international networks and deep business ties.

Zone Startups runs successful corporate accelerator and innovation programs for companies including Barclays, Visa, EY India, Shell Foundation and the Australia Institute of Sports.

Eligibility criteria

To be eligible applicants must:

  • be a startup with a fintech product or solution
  • be available to travel to India from 24–29 June 2018
  • have a business and Australian Business Number (ABN) registered in NSW
  • be operating as a for-profit organisation.

Applicants must also:

  • not be involved in any litigation or impending litigation
  • be solvent

How to apply

Download and complete the application form and submit it, along with a pitch deck, by email to nsw.startupmission@industry.nsw.gov.au

Applications are now open and close 4 June 2018 at 5.00 pm

Applications will be assessed by NSW Department of Industry and Zone Startups India against eligibility criteria. Successful applicants will be notified by 7 June 2018.

If you have any questions about the application process or program, contact the program manager at nsw.startupmission@industry.nsw.gov.au or by phone (02) 8222 4122.

Judging criteria

Applications will be judged against the following four criteria, with each one being weighted equally:

  • level of innovation
  • market gap
  • global potential
  • benefit to startup

Reporting requirements

Applicants will be required to complete a short survey following the exchange.