India Gets More Global Attention; Canada Pavilion Inaugurated by Canadian Minister at The Hatch Incubator in Chandigarh
This article is part of the series called Startup Hatch, about incubators and accelerators in the startup ecosystem.The Hatch, a start-up accelerator and business incubator for startups, announced the launch of Canada Pavilion at its incubator in Chandigarh today.
Speaking at the inauguration of the facility, Puneet Vatsayan, Co-founder and Chairman, The Hatch, said, “The Hatch facility in Chandigarh is a unique collaboration of private philanthropy and private initiative between the Chaudhry Devi Lal Memorial Center of Learning and The Hatch Incubators. This incubation centre puts India on the global entrepreneurship map and will nurture the dream of creating a better eco-system for high-potential entrepreneurs.”
The Hatch is building a strong Country Connect Program. As a part of this program, The Hatch Centre for Entrepreneurship also houses The Canadian Pavilion which marks the contribution made by the Canadian Government in encouraging Indian and Indian origin entrepreneurs both in India and in Canada. The Canada Pavilion was inaugurated today on the occasion of a state visit to India by Canada’s Prime Minister, Mr. Stephen Harper. The Canada Pavilion was inaugurated by Ed Fast, Canadian Minister for International Trade and is an indicator of the strong Indo-Canada relationship.
On this auspicious occasion, Minister Fast said, “Our government is focused on supporting Canada's world-class entrepreneurs to develop partnerships in key emerging markets like India in order to bring jobs, growth and long-term prosperity to hard-working families. This exciting initiative will help Canadian and Indian startup companies achieve success and will foster innovation in both countries."
“The Hatch is building a large platform to connect entrepreneurs in Canada and India. The Hatch has an agreement with VentureCap TV to create an Indian Internet channel dedicated to venture capital, angel investment and entrepreneurship. The joint venture will share content and improve the visibility of startups and venture capitalists in Canada and India. In addition, The Hatch has an agreement with Ryerson University to undertake skills development and student entrepreneur exchange programs. As a part of the program, Ryerson will exchange content and faculty to conduct learning sessions for startups” said Anupama Arya, Managing Director.
On this occasion of the visit of Minister Fast, an MOU was also signed between Extreme Startups and The Hatch in the presence of Minister Fast to facilitate cross-border mentoring, create a platform for cross-border angel investment in Canadian and Indian startups, share insights and market-entry assistance among entrepreneurs, and offer office space to visiting entrepreneurs. Present on the occasion of the MOU signing were Minister Fast, Dr. Omkar Rai, Director General STPI; Mr. Abhay Chautala; Mrs. Anupama Arya, Managing Director, The Hatch; and, Mr. Sundeep Madra, Managing Director, Extreme Venture Partners.
With the setting up of this facility, The Hatch aims to support entrepreneurial ideas and thereby substantially increase the pool of high-potential start-ups. The facility will help The Hatch create a more enabling environment for start-up companies by embedding successful mentors and providing 360 degree assistance to them in terms of mentoring, operational guidance, knowledge & resources, infrastructure support and access to capital.
More details here.