Indusbridge Ventures (IBV), an India-based investor specializing in defense and dual-use technology sectors, today announced a association with FedTech, a US-based company. deep technology business building firm, to launch an India to America (I2A) program called ‘I2A Launchpad’ for Indian dual-use startups.
This is a first-of-its-kind program that offers extensive mentorship opportunities and market access to Indian tech startups and SMEs.
With the aim of bridging the dual-use technology ecosystems of Indian startups
The association aims to build bridges between India and India. Startups to the United States’ dual-use technology ecosystems, driving innovation and commercialization of critical and emerging technologies in both nations.
It will provide a go-to-market route for Indian startups and offer unparalleled opportunities for high growth through direct access to customers and partners in the US government and commercial markets, engagement with strategic investors and top-tier defense companies, as well as ongoing support and mentorship to scale in the US, the world’s largest defense market with a defense budget of over $800 billion.
Providing opportunities within the sectors
The Launchpad (I2A) will provide a gateway to opportunities within the Department of Defense (DoD) ecosystem, space agencies, commercial aerospace, and government technology sectors.
The first cohort will include 10-15 startups and is scheduled to launch in October 2024.
Future programs under this partnership will address critical technology gaps and enable even more India-US collaborations that combine India’s cost-effective innovation and manufacturing strengths with cutting-edge technology and access to global markets.
Providing these startups with access to international markets will accelerate their growth, allowing U.S. government agencies to benefit from India’s ability to develop technology at scale, at a fraction of the cost.
Offering expert mentorship from industry leaders.
As part of this initiative, participants will receive mentorship from leading industry experts, strategic workshops and important networking opportunities.
The program focuses on equipping startups with the tools necessary to navigate the complexities of the Department of Defense ecosystem and ensure compliance with U.S. regulations, as well as develop market entry strategies, refine business models, and build key connections with leading players in U.S. technology sectors.
Comments from the leaders
“This program will prepare innovative technology companies for integration into the US market, while opening doors to other commercialization opportunities. FedTech has helped launch and scale hundreds of startups through our industry-leading programs across 20 global markets, our expansive network, and our expertise in go-to-market strategies, which we are excited to bring to India,” said Jake Kramer, Managing Partner, FedTech.
“Our portfolio companies have raised over $2 billion in funding and have achieved market success and scale. The I2A program is a milestone in the collaboration between the Indian and US innovation ecosystem and we are excited to be working with Indusbridge Ventures,” Kramer added.
“We are committed to fostering innovation and creating pathways for Indian startups to succeed internationally. This programme closely aligns with India’s mission of an ‘Atmanirbhar Bharat’ (self-reliant India) and will enable promising Indian startups to develop products tailored for international markets, increase cross-border revenues and in the process, build India-centric global companies,” added Rahul Devjani, Managing Partner, Indusbridge Ventures.
He added that “this program offers valuable resources, mentorship and essential connections with industry leaders in the U.S. and we look forward to partnering with FedTech on this innovative initiative to accelerate private sector partnership between the two countries in strategic sectors of critical national importance: defense and dual-use technology.”
What does Fedtech do?
FedTech partners with federal laboratories, research institutions, corporations, and federal agencies including the Department of Defense (DoD), Department of Energy (DoE), and NASA to transform innovative technologies into impactful solutions.
The firm claims to have partnerships with more than 80 federal laboratories, to have accelerated more than 400 startups and to have trained more than 3,000 innovators globally.
On the other hand, Indusbridge Ventures (IBV) is an investor specializing in the aerospace and defense (A&D) sector and in dual-use technology.
Founded by industry players with decades of experience in the global A&D sector, IBV invests and builds cross-border ventures in these strategic sectors and actively supports portfolio companies with cross-border market exits, helping them scale and succeed in international markets.
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