NASSCOM announced about its virtual Launchpad in New Jersey and the greater New York area on Wednesday.
It was Wednesday or 8th of July when the apex body of India’s technology industry declaimed that it is going to provide its member companies the stage of the USA to grab relentless opportunities for tech-based businesses in New Jersey and New York.
This launchpad has a startup hub and co-working space VentureLink@NJIT and non-profit organization Choose New Jersey at the background, incorporating with NASSCOM. Together they are going to give a break to Indian tech companies to enhance their competitiveness while competing with the US based companies. This is an opportunity to invite foreign direct investment through tech-based businesses in America.
Gradually, the normalcy is prevailing across the global trade, which was hampered due to pandemic. This virtual platform would amplify this normalcy by improving & promoting the number of business interactions.
This is a golden opportunity for NASSCOM community members to step in and understand that market wherein countless opportunities dwell in the technology ecosystem of New Jersey. These members are going to have assistance in selecting site, understanding government regulations, incentives and tax provisions to settle permanent business there while being homebodies in India.
All associated entrepreneurs can easily gel up with prospective customers there with its assistance. VentureLink@NJIT, which proves to be the largest startup incubator and co-working space, would support in finding opportunities through its expert guidance, supervision and mentoring. It would help in setting up business connections and accessing the vast resources of a top polytechnic university, according to Simon Nynens, CEO of the New Jersey Innovation Institute (NJII).
Eminenture is one of the forerunner companies that are going to initialize exploring opportunities through participating in the Launchpad. Now, the member companies, be it a startup or established one, can explore prospects while oboarding foreign customers. This can be the biggest opportunity ever, attracting foreign investment and advanced learning. Our indigenous companies can compete with the leaders of the USA tech market.
Around 20 more companies can onboard this virtual platform during this year, as per NASSCOM. This bilateral collaboration on the corporate level is seen as a strong conjunction to cultivate an environment of healthy competition and innovation among tech companies of both countries.