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Accelerator24 Aug 2024 8:54

T-Hub and Beyond4 Forge Strategic Partnership to Boost India-Malaysia Startup Ecosystem

by Chan-yeol Lee
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T-Hub, India’s premier startup incubator, has signed a Memorandum of Agreement (MOA) with Beyond4, Malaysia’s accelerator program. The agreement was witnessed by Datuk Seri Tengku Zafrul Abdul Aziz, Malaysia’s Minister of Investment, Trade, and Industry. The partnership aims to enhance cross-border innovation and market access between India and Malaysia, creating a strong support framework for startups from both countries.

The Memorandum of Agreement (MOA) aligns with the recent state visit of Malaysian Prime Minister Dato’ Seri Anwar Ibrahim, who emphasized the enhanced collaboration between the startup ecosystems of India and Malaysia through the India-Malaysia Startup Alliance. This partnership will target critical sectors such as fintech, health-tech, agri-tech, sustainability, and smart cities, promoting business growth and creating new investment opportunities for startups in both countries.

The Memorandum of Understanding (MoU) between T-Hub and Beyond4 is poised to bring substantial benefits to startups in both India and Malaysia by concentrating on five core areas. These include fostering cross-border collaboration, streamlining investment facilitation, supporting business expansion, promoting innovation, and facilitating knowledge exchange. This strategic partnership aims to build a robust ecosystem that encourages startups to share knowledge and best practices, thereby driving innovation through collective expertise and broadening their market presence.

The collaboration will particularly impact sectors such as fintech, healthtech, agritech, sustainability, and smart cities. T-Hub will leverage its extensive network to assist Malaysian businesses in entering the Indian market, while also providing global growth opportunities for Indian startups. This will be achieved through various initiatives, including corporate innovation programs that connect Malaysian corporates with Indian startups, enabling the co-creation of innovative solutions.

Moreover, the India Market Access Program will offer support to Malaysian startups in areas such as localization, mentorship, and proof-of-concept facilitation. In parallel, the Malaysia Market Access initiative will help Indian startups connect with Malaysian investors, partners, and government entities, offering them broader funding opportunities and smoother market entry. The collaboration also emphasizes investor support, with both T-Hub and Beyond4 providing access to a wide network of angel investors, venture capitalists, and strategic partners.

Key dignitaries at the signing ceremony included Mahankali Srinivas Rao, CEO of T-Hub, and S T Rubaneswaran, CEO of Beyond4, among others. Both leaders highlighted the transformative potential of this partnership in creating a powerful platform for startups to scale globally and innovate at the highest levels, ultimately shaping the future of entrepreneurship in both regions.

BEYOND4’s move into India and Europe is part of its strategy to develop a robust global startup ecosystem. With over 3,000 individuals trained in IR4 technologies and 178 startups nurtured through its Pre-Accelerator and Accelerator programs, BEYOND4 remains committed to fostering growth and achieving continued success.

This collaboration with T-Hub mirrors other successful international partnerships, such as the EU Horizon 2020 initiative and the collaboration between Singapore and Germany, which have significantly advanced technological innovation and created thriving startup ecosystems.

T-Hub, based in Hyderabad, India, is a leading innovation hub and ecosystem enabler. As the world’s largest innovation campus, T-Hub has been a cornerstone of India’s innovation landscape for the past nine years. Operating on the framework of 6Ms (Mentorship, Money, Market Access, Motivation, Mindset, Manpower) and 2Ps (Partnerships & Policy advisory), T-Hub has conducted over 100 innovation programs, impacting thousands of startups, corporations, and stakeholders in the innovation ecosystem. 

T-Hub has facilitated better access to technology, talent, mentors, customers, corporates, investors, and government agencies for over 2,000 national and international startups through its efforts.


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Tags: accelerates IoT startupsventure capital

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