Indian-based incubator T-HUB and Canadian company Communitech announced it is accepting applications for the Global Bridge program, which is dedicated to helping Canadian startups to explore and expand into the the Indian markets.
The Global Bridge programme will provide entrepreneurs, startups and scale-ups from Canada, a gateway to the Indian market. T-Hub and Communitech signed a Memorandum of Understanding during Canadian Prime Minister Justin Trudeau’s visit to India earlier this year.
Selected companies will receive two and a half months of virtual coaching and access to resources, followed by three weeks in the market. Companies will receive up to $4000 CAD, to help offset travel and accommodation costs that will be reimbursed by CDMN.
Companies participating in the program will also receive support in product localization, business model validation in the Indian market, as well as advice on the local business culture. Companies will have access to an entrepreneur-in-residence, as well as opportunities to connect with corporate partners, and participate in demo days and networking events.
“The Global Bridge program is a shining example of how key ecosystems that have great IP and an exploding market can come together. This is an opportunity for India and Canada to strengthen their partnerships and facilitate innovations that solve real problems.” said Jay Krishnan, CEO of T-Hub.
To be eligible for the Global Bridge program, applicants must be working on a solution in the cleantech, healthtech, and B2B enterprise sectors. The applicants must have a viable product that generates revenue, as well as a proven business model that can be translated to the Indian market.