CSIRO has announced the launch of the India Australia Rapid Innovation and Startup Expansion (RISE) Accelerator at the G20 – Startup20 Gurugram Summit.
RISE Accelerator is delivered through a powerful partnership between Australia’s CSIRO and Atal Innovation Mission (AIM), the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship.
This is purpose-built to help Indian and Australian startups with mature cutting-edge technology fast-track their cross-border impact.
Prerana Mehta, the Head of the Strategic Partnerships Group at CSIRO, said in a post: “We are very excited to partner with Australian and Indian corporates and the innovation ecosystem who believe in making change.”
She added:
“Ecosystems come and go. We need to be strategic and competitive. We need to be courageous and let go of those things that aren’t taking us forward. We need to evaluate and reevaluate to ensure that our ecosystem remains relevant.”
It is reported that initially, the RISE Accelerator will focus on supporting startups working on environment and climate technologies – areas of importance to both India and Australia.
The program will be tailored to support startups working on a range of areas such as:
- climate smart agriculture
- clean energy
- waste and circular economy
- climate smart mobility.
The RISE Accelerator will provide support to startups, micro, and small-to-medium enterprises that are working on innovative technology and are considering overseas expansion between India and Australia.