WINDS OF CHANGE
Senvion India is looking to provide high-quality wind energy solutions. It will begin as an agile and fresh-minded startup that will apply new approaches while using the Hamburg-based parent company’s solid R&D and experience. Senvion already has an R&D centre in Bengaluru.
GERMANY AND INDIA IN AMERICA
When Rahul Gopal, Hiten Patel and Perceus Mody met German student Katja Walter at Mississippi State University, they developed the idea to launch an educational hub to increase collaboration between students and professors. What they didn’t expect was a $100,000 funding!
FROM INDIA TO GERMANY WITH LOVE!
The next time you land at Frankfurt Airport, make sure to have a cuppa at perfect day’s coffee shop. This socially conscious coffee company is a truly organic Indo-German success story. It has its roots in a coffee farm in south India, where the coffee beans are grown and carefully hand-harvested. Perfect day is currently looking to launch in India. “Perfect day represents a creative, responsible enterprise in a globalised world. As social entrepreneurs, we have grown organically, which has made our business successful. We focus on people—whether it’s coffee growers, staff or guests—who motivate us and create our inspiring atmosphere. The joy of using our talent and drive to create a community motivates us every day anew!” said co-founder Dominique V Dauster.
In order to help budding entrepreneurs in validating their business ideas and bringing them to life, GIZ (German Development Agency for Technical Cooperation), DfID (UK’s Department for International Development) and Intellecap have partnered to set up StartupWave, India’s first virtual incubation platform. The platform and services, which include online resources as well as links to in-person support and mentoring, were co- created with physical incubators, investors and other players in 2014. More than 600 entrepreneurs from across India and across sectors have used this platform.
FROM GERMANY TO INDIA WITH €€€
If you’re an entrepreneur and have not heard of the VC firm Rocket Internet, you should pretty much shut shop! A key global player since 2007, Rocket Internet builds and invests in internet companies that take proven business models to new, fast-growing markets. Run by the Samwer brothers, the incubator entered the Indian market with Jabong, FabFurnish and foodpanda.
THE HUNT FOR DISRUPTIVE IDEAS
German software giant SAP has a deep relationship with India. It engages with over 400 startups across the country and plans to increase its engagement. SAP’s in-house investment arm, Sapphire Ventures (formerly SAP Ventures), is looking for more opportunities in India. This development is boosted by SAP’s innovation-centred culture, which aims to convert internal ideas into disruptive startups, especially in areas like Big Data, mobility, Internet of Things, robotics and 3D augmentation.