Embassy of Israel in India in collaboration with The Circle: Founders Club (FC), a business accelerator backed by Hunch Ventures, recently launched a programme – “The Water Challenge” dedicated to empowering early-stage startups and fostering innovations that solve water-related challenges in India.
This programme was formally launched on August 3, 2023 by signing a memorandum of understanding (MoU) between Naor Gilon, Ambassador of Israel in India and Karanpal Singh, founder of Hunch Ventures and The Circle, to accelerate the growth of water-tech startups in India.
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Speaking at the occasion, Ambassador of Israel to India, Naor Gilon, said, “I am delighted to join hands with The Circle Work to sign this MOU, paving the way for the launch of ‘The Water Challenge.’ This 3-month long acceleration programme is a promising opportunity for startups in the field of water to innovate, collaborate, and create sustainable solutions. This programme will include experts from Israel and India, harness the power of innovation from both nations and address crucial water challenges of our time. I believe this will drive positive change, fostering sustainable solutions and shaping a brighter, water-secure future. Together, Israel and India will lead the charge towards a brighter, water-secure future.”
“This event marks a critical milestone in India-Israel bilateral relations, fostering cooperation in the crucial domain of water technology,” the Embassy statement said.
Elaborating on the partnership, Karanpal Singh said, “Israel is the global leader in water technologies and given India’s large population we are thrilled to work together towards sustainability and water security. Through this collaboration, we will bring leading technologies to work with Indian companies to find domestic solutions.”
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In order to foster innovations that solve water-related challenges, the Embassy of Israel in India will work with The Circle FC to help startups get tech validation, commercialisation, market access and fundraising. The selected founders will be part of a comprehensive accelerator programme that includes mentorship and networking opportunities from both Indian and Israeli specialists in water technology,” the Israeli Embassy informed.
Doron Gidony, (Innovation Attache at the Embassy of Israel in India), will lead the programme from Israel’s side and Nemesisa Ujjain (VP-Innovation) from the Circle’s side. The Israeli Embassy and Circle FC will jointly scout and identify promising startups in the water-tech domain and facilitate their growth.
