10 startups to participate in DST-GVA-backed India-Russia startup exchange programme in Moscow

15th Sep 2016
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The Department of Science and Technology (DST), Government of India, and Global Venture Alliance (GVA) have sponsored the ‘India Russia Bridge for Innovations’ (IRBI) which will see the participation of 10 innovative startups from across India.

The bilateral entrepreneur exchange/accelerator programme will take place in Moscow and will be coordinated by IIT-B’s Society for Innovation and Entrepreneurship (SINE) in Mumbai and Global Venture Alliance (GVA) in Moscow in the second half of September this year.

Startups

The selected startups are in the areas of medical devices and applications, energy, IoT, edtech, and retail tech. A first-of-its-kind initiative between Russia and India, it will focus on science- and technology-based entrepreneurship.

Experts in Russia will hand-hold the entrepreneurs in terms of finding partners and clients and testing their products in the local market through a collaborative ecosystem.

A sneak peek at the startups 

Founded by Divir Tiwari, Field Assist is an on-field sales monitoring tool for mobile sales teams using smartphones and tablets. Read more

Ecolibrium Energy founded by Harit Soni is a big data energy analytics platform that provides the insights to increase operational efficiency of utilities, commercial and industrial consumers by optimising energy usage and improving asset utilisation. Read More

Founded by Dr Subhadra Dravida, Transcell Biologics is a biotech company which aims to develop innovative and transformative stem cell-based approaches in advancing evidence based-practice in disease management. Read More

Technology startup Frodo, founded by Amardeep Singh, is developing an adventure camera called Frodocam. The startup claims that it is the world’s first wearable camera, and can be strapped on the wrist, head or bike. Read More

Founded by Vishal Shah, A3RMT customises wireless portable medical technology to tackle area-specific healthcare inefficiencies in emerging markets with innovative and reliable products. Read More

A medical device company founded by Binil Jacob, Medprime Technologies develops customer- centric solutions for healthcare needs like monitoring patients and diagnostic devices. Read More

CareNx Innovations founded by Aditya Kulkarni builds technologies to deliver healthcare services to remote patients using the mobile platform. The startup’s latest offerings are in the parental caregiving sphere. Read More

Founded by Amit Maurya, Algosurg Products claims to revolutionise the way surgeries are being performed by using advanced computing methods and enhanced visualisation and automation. Read More

Amruta Desai-led Campus Time is a mobile app which enables college students to connect and collaborate with other students on campus. Read More

ShopsUp is a hyperlocal store discovery app founded by Anmol Vij. It enhances users’ shopping experiences and helps brick and mortar stores increase customer footfall. Read More

Russia’s Deputy Prime Minister Dmitry Rogozin and his Indian counterpart Sushma Swaraj met on September 13 in New Delhi at the 22nd session of the Indo-Russian Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC).

The meeting witnessed discussions on various topics including bilateral trade to reach the $30 billion goal. A statement by DST-GVA said, “Officials and entrepreneurs in both India and Russia have been eager to make the ambitious commitment of increasing the bilateral trade threefold in the next decade a reality. Programmes such as the IRBI will go a long way in sparking a strong bilateral economic tie in innovation and entrepreneurship between the two nations.”

The partnerships and collaborations between the two countries are anticipated to augment bilateral trade across the nations and fulfil the goals of national initiatives like Start-Up India, Make in India, and Digital India.

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