Ancient Biblical city emerges as a global hi-tech hub
An initiative sponsored by the Embassy of Israel in India seeks to connect Jerusalem’s startup ecosystem with India’s technology scene. Contrary to the popular perception, Jerusalem is fast catching up with Tel Aviv as a leading technology center in the world. In 2015, TIME magazine named Jerusalem as one of the world’s fastest growing hi-tech hubs.
The annual startup competition “Start JLM”, supported by Indian government and local private sector players, is being held in the country for the first time. This year’s winner, Bangalore-based Mimyk startup will be taking part in an technology boost camp in Jerusalem. Four other finalists will be getting access to startup incubators.
Jerusalem has lot to offer to a promising Indian medical technology startup like Mimyk. The Biblical city has established itself as a hub for cutting edge innovation in healthcare and life sciences. As Israeli technology magazine Israel21c commented this week, “Tel Aviv may be Israel’s high-tech capital, but the heart of life-sciences innovation lies in Jerusalem.”
“Mimyk and the other top 4 startups are not the only winners today, the relations between India and Israel have won a big prize as well,” Israel’s envoy, Ambassador Daniel Carmon, noted while congratulating today’s winners. “The India-Israel growing partnership is advancing in every field thanks to the promotion of innovation in India and in Israel, as well as the meeting of minds between our two ecosystems.”
The Embassy of Israel in New Delhi announced this year’s winners in a press release today:
Indian startup Mimyk wins the Start JLM (Jerusalem) competition in New Delhi today, held by the Embassy of Israel with the support of the Department of Science & Technology (Government of India), TiE and YES Bank.
Mimyk will travel to the Startup Nation’s Capital, Jerusalem, to take part in a week long innovation ‘boost camp’ for early stage startups. In addition, Mimyk and the four other finalists in the competition have been awarded access to startup incubators in India by the DST in association with the Zone Incubator.
The city has a flourishing start-up ecosystem in the areas of bio-tech, clean-tech and mobile technology. Grassroots initiatives such as ‘Made in Jerusalem’ connect city’s 500 startups and match thousands of entrepreneurs to mentors, partners, and investors. Hebrew University and others academic institutions provide fresh flow of talent to the local startup ecosystem.
This diverse startup scene has attracted the attention of Indian multinationals and technology giants. Earlier this month, a high-level delegation of Indian IT companies visited the Jewish State to boost bilateral startup ties. According to Accenture, a global consulting firm, Israel-India cooperation in startup, covering various sectors, has a revenue potential of $25 billion by 2025.
As Indian private sector players look for solutions in healthcare and clean techology to face the challenges of the twenty-first century, the ancient biblical city could the right place to began that search.
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