NSW-India Announces $1.58M Partnership to Create Tech Jobs

58M Partnership to Create Tech Jobs - Insights Success

Australia’s startup capital New South Wales (NSW) is in search of “India-ward” for collaborations and partnerships to create and enhance the technology, boost the startups and advance the manufacturing sectors.

NSW has inked approx. $1.58 million partnership with India which will enable more cross-border exchange between the startup ecosystem in India and Australia.

Gladys Berejiklian, current premier of NSW, said they have also partnered with Fintech accelerator Zone Startups to help entrepreneurs of NSW gain access to new markets, knowledge, and talent in India.

“NSW is Australia’s startup and technology capital and this partnership will ensure our industries grow alongside one of the world’s most dynamic technology markets,” said Berejiklian.

According to NASSCOM, India has the world’s third-largest and fastest-growing startup ecosystem and would be home to over 10,500 startups by 2020. Further, NSW-India partnership will also elevate Australia’s position in the global startup ecosystem.

“NSW reckons that India has some of the best IT talent and Startups in the world”, added Berejiklian.

New South Wales houses over 40% of the ICT industry and 44% of startup founders in the Australian Continent.  So, for Indian entrepreneurs and accelerators, it is a great opportunity to impart their highly-valued skills and to collaborate with young talent. Also, it is a chance for India, to improve its tech talent.

“NSW-India partnership will allow us to learn from India’s best and brightest so that in future we can create smart jobs. It will provide NSW businesses with incredible access to some of the best entrepreneurs and technology experts in the world and I look forward to seeing the results over the next 2 years,” she added.

The announcement was made at accelerator Zone Startups’ premises, and is a part of Premier Berejiklian’s trade visit to India in Mumbai and New Delhi between 16th and 19th April 2018.